WeChat prohibits its users from using crypto and NFT services

WeChat – Chinese-owned social media platform WeChat has just issued new rules regarding crypto assets. The platform has more than 1.2 billion monthly active users. WeChat will restrict or ban accounts that issue, exchange, or fund cryptocurrencies or NFTs. Such digital assets are now considered “illegal business”. If a violation is found for one of …

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The problem with insurers using social media and AI to determine costs

Source: Unsplash/Possessed Photography Insurance premiums may soon be decided by artificial intelligence and personal profiles created from social media data — if they aren’t already — according to researchers concerned about the industry’s potential misuse and lack of transparency regarding the new technologies. These technologies, they say, could lead to people being disadvantaged for reasons …

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‘Crash for cash’ scammers using new tactics to cause road collisions – bringing ‘pain and strife’ to drivers | UK News

Motorist William Smith was proud of his perfectly clean driving record before he crashed his car last year. The 50-year-old was driving home after visiting his mother when his Ford Focus went into the back of an Audi that had stopped suddenly at a roundabout in Nottinghamshire. He admitted responsibility for the collision, having been …

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Building a retirement corpus using ULIPs

Insurance FAQs: How to build a retirement corpus using ULIPs New Delhi: Working for years and desiring a good, healthy retirement corpus is the wish of almost every individual. As soon as people start their career, they begin hunting for ways to amass a big retirement fund so as to enjoy their later years in …

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5 Risks to Know Before Using Centralized Crypto Lending Platforms

Source: Adobe/Furkan Crypto lending has been one of the most prominent activities in the crypto markets. The activity has developed over the years with the emergence of various crypto lenders to meet the demand for crypto loans. Centralized cryptocurrency lending platforms (CeFi), such as BlockFi, CelsiusY nexus, offer high-performance products to users. By depositing crypto …

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New Investors Using Dips to Profit By Benzinga

©Reuters. Crypto Gloom: New Investors Using Dips for Profit Despite major cryptocurrencies reeling under immense selling pressure in recent weeks, new entrants to the markets are hoping for a rally to offset losses and are re-investing on dips for long-term gains. After a relentless thrashing over the weekend, the two major coins (CRYPTO: BTC) and …

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Crypto Scammers Using Linkedin to Target Victims, FBI Warns

It seems that nothing is out of reach for cryptocurrency scammers. After phishing attacks, rug thefts, fake giveaways, and various other elaborate schemes, cybercriminals are now turning to LinkedIn to defraud crypto investors. In an interview with CNBC on June 17, 2022, FBI Special Agent Sean Ragan revealed that the networking platform had become a …

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Bitriver to Mine Cryptocurrencies Using Excess Gas from Gazprom Neft Oil Drilling Cryptocurrencies and ICOs

Russian crypto mining operator Bitriver will use electricity generated from associated gas provided by Gazprom Neft to mint digital currencies. As part of a new deal, the mining company will in return develop the digital infrastructure at the oil producer’s wells in Russia. Crypto mining operator Bitriver to cooperate with Russian oil giant Gazprom Neft …

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