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Archive for the ‘finance’ category: Page 49

Nov 18, 2022

Tesla is the most profitable company on the planet, says Baron Capital

Posted by in categories: finance, futurism

That is the claim of Ron Baron, who invested 6.7 billion in Tesla.

Baron Capital one of the largest and well respected of all the financial firms, held a live event for investors this year. This was the first live event for the firm since 2019, and it was held at the Metropolitan Opera House in New York City. The main guest was Elon Musk, CEO of Tesla. The focus was Tesla will become the most profitable company in the world.

There were 5,000 investors present at the event, and they all had a chance to hear where the Tesla CEO thinks the company is going in the future.

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Nov 13, 2022

Malicious Google Play Store App Spotted Distributing Xenomorph Banking Trojan

Posted by in categories: cybercrime/malcode, finance, mobile phones

Google has removed two new malicious dropper apps that have been detected on the Play Store for Android, one of which posed as a lifestyle app and was caught distributing the Xenomorph banking malware.

“Xenomorph is a trojan that steals credentials from banking applications on users’ devices,” Zscaler ThreatLabz researchers Himanshu Sharma and Viral Gandhi said in an analysis published Thursday.

“It is also capable of intercepting users’ SMS messages and notifications, enabling it to steal one-time passwords and multi-factor authentication requests.”

Nov 13, 2022

What can blockchain do for increasing human longevity?

Posted by in categories: blockchains, finance, life extension

Longevity is not yet considered an official medical term, and aging is not officially considered a disease but a natural occurrence in every living thing.

However, some biologists, researchers and practicing doctors believe this approach should change, and they are striving to discover the mechanisms of aging in humans. In doing so, they are creating age clocks by defining biomarkers for measuring biological age, exploring the best lifestyle habits and natural supplements, and inventing new drugs that could stop us from getting older.

Longevity has been on the radar of crypto leaders for some time already, which is not a surprise given that the industry promises to improve humankind through innovation. Indeed, one prominent event in the longevity industry, the Longevity Investors Conference, is organized by Marc P. Bernegger and Tobias Reichmuth, who were previously involved with the Crypto Finance Group.

Nov 11, 2022

FTX cryptocurrency platform goes bankrupt and Bankman-Fried resigns

Posted by in categories: bitcoin, cryptocurrencies, finance

The embattled company finally declares its insolvency.

The head of the FTX cryptocurrency platform Sam Bankman-Fried has officially declared the company bankrupt and resigned from his position in a statement. FTX in a not-surprising move has finally declared its insolvency. After a long stretch of financial difficulties, after having saved many other cryptocurrency companies.

The company had been doling out Bitcoin at a rapid rate and found itself in trouble earlier this year. The head of the company, Sam Bankman-Fried had made headlines by saying he would give away his billions to help other cryptocurrency companies.

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Nov 11, 2022

Machine learning of binary ‘yes/no’ systems may improve medical diagnoses, financial risk analysis, and more

Posted by in categories: biotech/medical, finance, robotics/AI

Similar to a mouse racing through a maze, making “yes” or “no” decisions at every intersection, researchers have developed a way for machines to swiftly learn all the twists and turns in a complex data system.

“Our method may help improve the diagnosis of urinary diseases, the imaging of cardiac conditions and analysis of financial risks,” reported Abd-AlRahman Rasheed AlMomani of Embry-Riddle Aeronautical University’s Prescott, Arizona, campus.

The research was accepted for the Nov. 11 edition of the journal Patterns with Jie Sun and Erik Bollt of Clarkson University’s Center for Complex Systems Science. The goal of the work is to more efficiently analyze binary (“Boolean”) data.

Nov 10, 2022

‘Economic Picture Ahead Is Dire,’ Elon Musk Tells Twitter Employees

Posted by in categories: cybercrime/malcode, economics, Elon Musk, finance, policy

SAN FRANCISCO — Two weeks after closing a $44 billion deal to buy Twitter, Elon Musk painted a bleak financial picture for the social media company and outlined a series of changes for employees in his first companywide emails to staff.

In two emails sent to workers late on Wednesday, Mr. Musk said the economy was challenging. He added that he planned to end Twitter’s remote work policy and wanted employees to renew their focus on generating revenue and fighting spam.

“Sorry that this is my first email to the company, but there is no way to sugarcoat the message,” Mr. Musk, 51, wrote in one email. “The economic picture ahead is dire.” Twitter was too heavily dependent on advertising and vulnerable to pullbacks in brand spending, he added, and would need to bolster the revenue it gets from subscriptions.

Oct 29, 2022

These Dropper Apps On Play Store Targeting Over 200 Banking and Cryptocurrency Wallets

Posted by in categories: cryptocurrencies, evolution, finance, internet, security

Five malicious dropper Android apps with over 130,000 cumulative installations have been discovered on the Google Play Store distributing banking trojans like SharkBot and Vultur, which are capable of stealing financial data and performing on-device fraud.

“These droppers continue the unstopping evolution of malicious apps sneaking to the official store,” Dutch mobile security firm ThreatFabric told The Hacker News in a statement.

“This evolution includes following newly introduced policies and masquerading as file managers and overcoming limitations by side-loading the malicious payload through the web browser.”

Oct 28, 2022

Here are some of the best internet reactions to Elon Musk buying Twitter

Posted by in categories: cybercrime/malcode, Elon Musk, finance, internet, law, policy

There is a mix of excitement and fear and lots of memes.

After much back and forth and a lawsuit, four days ago, Elon Musk completed his $44 billion takeover of the social media platform Twitter. Musk had put the deal on hold after his initial offer earlier this year. Later he backed out, citing a high number of fake or spam accounts on the platform, a point that then-CEO Aggarwal had publicly denied.

Musk was then taken to court by Twitter’s lawyers. The court had given the two parties time till the month’s end to work out a deal.

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Oct 27, 2022

Electrical Conductance Reveals Complex Fractals

Posted by in categories: finance, materials

Researchers find that a phenomenon called multifractality manifests in the conductance fluctuations of a 2D electron gas as the gas undergoes a topological phase transition.

Fractals are geometric patterns that repeat themselves across different length scales. Such patterns are ubiquitous, appearing in the outlines of snowflakes, in swirls of turbulent fluids, and in graphs tracing the highs and lows of financial markets. Now Aveek Bid and his colleagues at the Indian Institute of Science in Bangalore show that fractals can also emerge in the electrical-conductance fluctuations of a 2D electron gas in graphene as the electron gas transitions between two topological phases [1]. The results confirm predictions made earlier this year [2].

Subject a 2D electron gas to a strong perpendicular magnetic field, and its Hall conductance—the conductance perpendicular to an induced current—takes on certain discrete values. But during a transition from one discrete value to another, this conductance can exhibit fluctuations. Bid and his colleagues measured these fluctuations in the 2D electron gases of two graphene-based devices. Using detailed data analysis, they determined that the conductance fluctuations contained patterns that could be accurately described by a multifractal—a fractal that scales spatially in several different ways.

Oct 27, 2022

Elon Musk Outlines His Plans For Twitter And Reveals Why He Bought It

Posted by in categories: Elon Musk, finance

With his Twitter takeover set to be completed this week, Elon Musk has outlined some of his vision for the social media giant. Speaking on Twitter (where else?) Musk claimed that he didn’t buy Twitter for financial gain, but he do so to “try to help humanity.”

Addressing his message to advertisers on the platform, the multi-billionaire said he believes “the relentless pursuit of clicks” has ultimately resulted in the extreme political polarization we see around the world today. While this is good for profits, Musk argues, it results in meaningful dialogue being lost.

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