The US Securities and Exchange Commission (SEC) released a statement yesterday, warning high-ranking executives not to trade stocks before the disclosing breaches, major vulnerabilities, and other cybersecurity related incidents. […]Read more
Facebook has officially opened its first in-house incubator, which will be housed in the company’s London headquarters. The company first announcedÂ LDN_LABÂ back in DecemberÂ when it opened its new HQ in the U.K. capital. The incubator will launch three 12-week courses throughout 2018, with seven U.K. startups constituting the inaugural program which kicked off on Monday. Each […]Read more
PRESS RELEASE: Tinyclues, provider of a leading AI-first marketing campaign intelligence solution, today announced the closing of a USD 18 million Series B investment. Lead investor in the round was the EQT Ventures fund (“EQT Ventures”), with…Read more
Last week, I wrote about Venture for America founder Andrew Yangâ€™s unlikely run for president, with the aim of convincing the general public about the need forÂ universal basic income. Whether or not one agrees that UBI is a necessity in todayâ€™s digital economy, the stories highlighted in this weekâ€™sÂ HeartlandÂ TechÂ newsletter show that inequality is increasingly becoming […]Read more
Steven Seagal, former Hollywood star and current dubious brand for hire, has sold off his last remaining dollop of credibility to a crypto-currency venture called Bitcoiin. The company — which yes, has two ‘i’s and is apparently not a bad phishing email — is a run-of-the-mill crypto company that’s using celebrity endorsements and all of 2018’s hottest buzzwords to hide the fact that there’s nothing original whatsoever.
The company is currently raising funds for an Initial Coin Offering, a kind of shady fundraiser that’s become particularly popular. Bitcoiin’s currency is based on the Ethereum blockchain, and relies on a mining partnership with a crypto hardware company. So far, so much like the rest of the other scams.
Bitcoiin’s sole claim to fame is that someone persuaded Mr Seagal (presumably, with plenty of non-fake money) to endorse the platform. And endorse he did.
“ZEN MASTER STEVEN SEAGAL HAS BECOME THE BRAND AMBASSADOR OF BITCOIIN2GEN,” the press release screams — and that’s just the headline. “Hollywood actor Steven Seagal has become a believer of Bitcoiin2Gen, the Hollywood action star will be representing the leading cryptocurrency organization, Bitcoiin2Gen, as brand ambassador.”
What words of wisdom does Zen Master Brand Ambassador Seagal have for us? “As a Buddhist, Zen teacher, and healer, Steven lives by the principles that the development of the physical self is essential to protect the spiritual man. He believes that what he does in his life is about leading people into contemplation to wake them up and enlighten them in some manner. These are precisely the objectives of the Bitcoiin2Gen to empower the community by providing a decentralized P2P payment system with its own wallet, mining ecosystem and robust blockchain platform without the need of any third party.”
The white paper that Bitcoiin2Gen published alongside the press release doesn’t do much to dispel the notion that this is a scam. The slides avoid any of the technical details that you typically find in a white paper, instead promising things like “better scaling” and “variety of unique features” without providing any details to back those statements up.
Then, there’s the details about the funding plan, which definitely doesn’t remind you of a pyramid scheme at all:
Just make sure you hurry — there’s only a limited time left to participate in this once-in-a-lifetime moneymaking opportunity!Read more
GUEST: Why is the allure of virtual reality in the enterprise becoming increasingly difficult to resist for many marketers? Are there real-world use cases in business-to-business (B2B) marketing today, and will these translate into sales venues any time soon? While some companies are active in VR and AR in the enterprise, many large businesses have been […]Read more
Now that Roku is a publicly traded company, it has to release quarterly updates about how things are going. Today in its first Q4 earnings release (PDF), the company said that revenue is up 28 percent from last year to $188 million, while the …Read more
Amazon Web Services launched its Serverless Application Repository out of beta, which provides developers with an easy way to kick-start their use of its Lambda application development tool.Read more
Capcom likes January. The company was the top-performing publisher in the United States, according to industry-tracking firm The NPD Group. Monster Hunter: World was the driving factor here, as it was the No. 1 selling game of the month overall as well as on the PlayStation 4 and Xbox One systems. “Sales of Monster Hunter: […]Read more
Former Google engineer Tim Chevalier sued the company, claiming he was fired for sharing politically liberal posts on Google’s internal message boards.Read more