"Chinese network behind one of the world's 'largest online scams.'"

Views expressed in this science and technology update are those of the reporters and correspondents.  Accessed on 08 May 2024, 1414 UTC.

Content and Source:  theguardian.com/us/technology.

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Russ Roberts (https://hawaiisciencejournal.blogspot.com).

 

Technology | The Guardian

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Chinese network behind one of world’s ‘largest online scams’

500+Technology / 6h

Exclusive: Vast web of fake shops touting designer brands took money and personal details from 800,000 people in Europe and US, data suggests More than 800,000 people in Europe and the US appear to have been duped into sharing card details and other sensitive personal data with a vast network of fake online designer shops apparently operated from China. An international investigation by the Guard

‘I feel more connected with humanity’: the club where phones are banned – and visitors pay for the privilege

Technology / 3h

You’ll need to hand over your phone before you can grab a coffee at the Netherlands’ Offline Club, or attend a music event from Off the Radar. Why are the Dutch so keen on digital detoxes – and are there lessons for the rest of the world? When I walk into Amsterdam’s Cafe Brecht , I immediately want to take a picture. The old-fashioned bar – with its plush sofas, vintage art and warm lighting – i

Bankrupt crypto exchange FTX says it will be able to repay creditors full $11bn

FTX exceeds funds for victims

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Technology / 17min

CEO confirms once company has sold off remaining assets it will have more than amount required The bankrupt cryptocurrency exchange FTX has said it will be able to repay creditors the full $11bn (£8.8bn) it owes, as the boom-bust cycle repeats itself with a sharp increase in bitcoin prices. John Ray III, who succeeded the disgraced Sam Bankman-Fried as the chief executive of FTX shortly after its

YESTERDAY

‘That open tweet is the canvas’: behind the highs, lows and memes of Black Twitter

Technology / 4h

A new docuseries, from Insecure showrunner Prentice Penny, explores how a section of Twitter became an inventive and impactful community How to explain Black Twitter? It’s less of an actual place than a general practice, sometimes a secret society and then sometimes a prominent advocacy bloc, neither a standalone digital platform nor its own hashtag per se. Yet when cops kill , Kendrick Lamar dro

Tech firms must ‘tame’ algorithms under Ofcom child safety rules

Social media firms face regulation

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Technology / 6h

Regulator calls on social media firms to use robust age checks to keep harmful content away from children Social media firms have been told to “tame aggressive algorithms” that recommend harmful content to children, as part of Ofcom’s new safety codes of practice. The children’s safety codes, introduced as part of the Online Safety Act, let Ofcom set new, tight rules for internet companies and ho

No refund after I was sold a stolen £3,300 bike on eBay

21Technology / 8h

I phoned the police and the bike was seized, but eBay and my bank won’t help over reimbursement I bought a used electric cargo bike on eBay for £3,300 but, when it arrived, I discovered a cut in the frame. I put the frame number into the national BikeRegister database , which confirmed it had been stolen. The seller did not reply when I contacted them, so I phoned the police and the bike was seiz

Reddit shares rise more than 15% in first quarterly earnings since going public

Reddit reports strong growth

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Technology / 17h

Social networking company reported $575m in losses, but strong revenue and an increase in users buoyed investor confidence Reddit shares rose more than 15% in after-hours trading on Tuesday following its first quarterly earnings since going public in March. The company reported overall losses of $575m, citing expenses from its initial public offering for the decline. But strong revenue and user i

TikTok and ByteDance sue US to block law forcing sale of the app

TikTok challenges US ban law

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Technology / 20h

Joe Biden signed a bill giving ByteDance up to 19 January 2025 to sell TikTok to an approved buyer or risk being banned from the US TikTok and its parent company ByteDance have sued to block a law signed by Joe Biden just weeks ago that would force the sale of the short video app or ban it from the US. The companies filed a lawsuit on Tuesday against the US government in the court of appeals for

LockBit ransomware group’s leader unmasked and hit with sanctions; UK house prices inch higher– business live

Technology / 22h

Leader of major cybercrime group has been unmasked and sanctioned by the UK, US and Australia, authorities say ‘They’re everywhere’: Labour’s wooing of City goes into overdrive The small increase in UK house prices in April has left them broadly flat since the turn of the year, says Peter Arnold , EY UK chief economist: The stabilisation in market conditions reflects the large fall in mortgage ra

Jack Dorsey quits Bluesky board and urges users to stay on Elon Musk’s X

Jack Dorsey exits Bluesky board

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99Technology / 23h

Twitter co-founder’s decision to leave rival social network he helped start was apparently unexpected The Twitter co-founder Jack Dorsey has left the board of Bluesky, the decentralised social network he helped start, and encouraged users to remain on his first site, now owned by Elon Musk and called X. Dorsey confirmed he had cut ties with Bluesky on Sunday, telling a user on X that he was no lo

‘A chilling prospect’: should we be scared of AI contestants on reality shows?

26Technology / 23h

Netflix’s hit show The Circle recently introduced an AI chatbot contestant, a potentially worrying sign of where we’re heading According to his profile, Max, a contestant on season six of the Netflix reality show The Circle, is 26 years old, brunette and into his Australian shepherd, Pippa. He is a veterinary intern from Pismo Beach, California, and a bit cheeky – “single, but my dog is taken”. H

What is Manor Lords? The medieval city-building game that sold a million copies in a single day

Manor Lords: Medieval city builder

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Technology / 1d

Developer Slavic Magic’s feudal simulator is Steam’s latest early access sensation, but there’s a seven-year story behind its overnight success Launched as if from a trebuchet at the end of April, Manor Lords is the latest in a string of explosively successful video games that have been released this year. Indeed, the rise of this unassuming-looking city-builder is arguably more impressive than t

How Snapchat is saving itself – and keeping up with Silicon Valley giants

Technology / 1d

The messaging service pegs itself as the ‘happiest place’ online, but Snap’s Ronan Harris explain how its post-pandemic struggles has made it focus on being friendlier not just to users but to small businesses, too • Don’t get TechScape delivered to your inbox? Sign up for the full articl