A library of snippets
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Cryptocurrency exchange Crypto.com mistakenly deposited $10.5 million directly into a woman’s bank account when the platform only intended to give her a $100 refund.
Crypto.com has since taken legal action against both sisters, and the luxury home has been ordered to be sold, although other legal proceedings regarding the situation are scheduled to resume in October, the report says.
From Crypto.com mistakenly sends woman $10 million —she went and bought a mansion. – MarketWatch.
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Amazon Prime Video quietly introduced a new 72-hour delay for all user reviews posted to Prime Video, a representative for the streamer confirmed to Variety. Each critique is then evaluated to determine whether it’s genuine or a forgery created by a bot, troll or other breed of digital goblin
From Rings of Power: User Reviews Delayed on Amazon in Initiative to Filter Trolls – Variety:
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Sharply fewer U.S. adults report they use cash for making purchases now than say they were doing so five years ago. Thirteen percent say they make “all” or “most” of their purchases with cash, while 28% say they were using cash to the same extent five years ago. Six in 10 now say they make “only a few” or no purchases with cash today, nearly double the 32% saying they did so five years ago.
From Americans Using Cash Less Often; Foresee Cashless Society:
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Popular science coined the severing internesia: the growing tendency to forget exactly where in cyberspace you saw a particular piece of information. Internesia is an online forgetfulness appeased by high offline tolerance.
Hold on. “Popular science” did not coin this term, I did.
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Jargon Scout is an irregular TBTF feature that aims to give you advance warning — preferably before Wired Magazine picks it up — of jargon that is just about ready to hatch into the Net’s language. The feature first appeared in TBTF for 1996-02-27 [7]. Dave Birch dropped a useful term, immediately recognizable by even tyro Net surfers, on the e$ mailing list:
> Internesia — the growing tendency to forget exactly where in Cyberspace
> you saw a particular bit of information.From Tasty Bits from the Technology Front: TBTF for 1996-07-21: Internesia:
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n the fourteenth century, a queen known as Rehendi Khadijah ruled the islands of the Maldives with epic command. One of the earliest women leaders of an Islamic nation, she derived power from both the sultanate and Islam, even as she declined to cover her head — not to mention other parts. She led the kingdom for a third of the century despite two attempts, both by husbands, to depose her. Neither man survived the effort.
All the more remarkable was the Maldivian queen’s role in the dawn of international trade. The chain of atolls, coral reefs, and lowlying islands 600 miles off the tip of India was the center of production for the first global money.
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By the nineteenth century, money cowries had grown so popular in West Africa that they were used to purchase a third of the human being enslaved and abducted to the Americas.
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No surprise then, that 87% think a government framework to help regulate this area of online life is a good idea, with 72% also backing the plans to have verified digital IDs in order to improve safety and streamline the process.
From UK public supports plans to create the UK Digital Identity:
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With no cash flows or self-evident fundamental value, it’s unclear why cryptocurrencies should correlate with other asset classes.
But they do, of course.
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The recent cryptocurrency crash raises numerous questions. With no cash flows or self-evident fundamental value, it’s unclear why cryptocurrencies should correlate with other asset classes. Why are cryptocurrencies crashing? Why are cryptocurrencies correlated with the stock market? Why do Fed interest rates matter for Bitcoin prices? Since the onset of the Covid-19 crisis in 2020, the correlation between cryptocurrency and equities went from low and negative to consistently high and positive. This pattern is troubling both in terms of causes, which current theories can’t trivially explain, and in terms of consequences, as many mainstream investors are introducing cryptocurrencies into their portfolios, including 401(K)s (Bindseil et al. 2022).
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Push payments use is thus concentrated where there is a high degree of trust (ex Amazon, known merchant), acceptance, speed/experience, poor penetration of alternatives, and incentives (or lack of).
From Pay By Bank – Where does it work and why? – Noyes Payments Blog:
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Snippings