Researchers ‘Lost’ 17,000 Wallets in Hundreds of Cities to See What People Would Actually Do with Them

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Researchers ‘Lost’ 17,000 Wallets in Hundreds of Cities to See What People Would Actually Return

Plenty of people around the world, it turns out, are willing to return a stranger’s lost wallet—especially if it’s filled with cash, according to a counterintuitive study.

The study, published in the journal Science on Thursday, was a meticulous social experiment that took three years and over half a million dollars to complete.

A group of 13 research assistants (11 men and 2 women) were recruited for a trip around the world. They traveled to 355 major cities across 40 countries. In each city, they visited banks, theaters, hotels, police stations, and other public spaces and turned in a “lost wallet,” which they claimed to have found on the street, to a nearby employee.

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This father of three put everything into bitcoin. Here’s what happened next.

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The Bitcoin Family are traveling the world, unencumbered by centralized currency.

When I jumped on a WhatsApp call with 41-year old Didi Taihuttu, he was a few days away from joining his family on CoinBank’s annual Mediterranean “Blockchain Cruise” — a combination vacation getaway and crypto symposium at which all the movers and shakers in the decentralized finance arena get together to discuss a hypothetical future where government-printed money is rendered obsolete, dropping by Mallorca and Marseille along the way.

According to Taihuttu, invitations to blockchain conferences and seminars have piled up ever since he liquidated almost everything he owned (yes, including his house and his cars) and invested his remaining capital in bitcoin. It’s a financial pivot that’s both irrational and dangerous to an outsider, but within the crypto nation, it can make you a legend.

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Florida city gives in to $600,000 bitcoin ransomware demand

Cybercrime

But there’s no guarantee hackers will actually restore Riviera Beach’s systems.

Riviera Beach, a city in Florida, is set to pay hackers $600,000 in bitcoin with the hope of having its systems restored. Hackers took over the systems several weeks ago, when a police department employee opened a malicious email that allowed them to inject the city’s network with malware. Now the council has voted to pay the ransom in the hopes of getting Riviera Beach’s encrypted records back — even though there’s no actual guarantee the hackers will restore them.

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New deepfake tech turns a single photo and audio file into a singing video portrait

 

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Another day, another deepfake: but this time they can sing.

 Finally, technology that can make Rasputin sing like Beyoncé

New research from Imperial College in London and Samsung’s AI research center in the UK shows how a single photo and audio file can be used to generate a singing or talking video portrait. Like previous deepfake programs we’ve seen, the researchers uses machine learning to generate their output. And although the fakes are far from 100 percent realistic, the results are amazing considering how little data is needed.

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The first robot for scrubbing dishes will check each plate for dirt

It won’t be coming to your kitchen any time soon, though (sorry).

The news: A startup called Dishcraft has launched a new robotic dish-scrubber system. Yes, it’s different from a dishwasher! It’s a huge machine that can clean 100 or so plates per go, aimed at commercial kitchens.

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Amazon is leasing more planes so it can deliver packages on its own

(CNN)Amazon’s fleet of cargo jets is getting larger, as it expands plans to deliver more of its packages itself.

The online retailer announced it will lease an additional 15 cargo planes from GE Capital Aviation Services. The deal was announced Tuesday at the Paris Air Show.

Amazon has been stepping up efforts to handle more packages fully on its own. The company is buying vans so more deliveries to customers’ doors can be made by independent contractors rather than providers such as the US Postal Service, United Parcel Service (UPS) and FedEx (FDX). Earlier this month FedEx announced it wouldn’t renew its US contract with Amazon to transport packages on FedEx Express.

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Mark Zuckerberg is about to become the head of a Swiss Bank. 3 reasons it should make you think

 

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Mark Zuckerberg is about to become the head of a very big bank based in Switzerland. Libra is Facebooks’ new cryptocurrency. Imagine sitting in a room thinking about what else you can sell to your 2.4bn people (including some bots) backed by a $1bn in guarantees from companies as wide as Paypal, Mastercard and Uber. This has the opportunity to severely disrupt existing financial transactions markets but also the deeper psychology of trust of our collective financial systems, collective expectations for what currency can and should do and also our personal relationships. For example, please pay me to socially post positive things about you. Just drop me some Libra.

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Five traditional industries on the verge of an innovation boom

 

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According to the technology and data company Crunchbase, an astounding $825 million in venture capital investment has flowed into legal and legal-tech sectors just since the start of 2018.What do you think about when you hear the terms “disruption” and “technological innovation?” What industries and sectors come to mind?

Autonomous cars, cloud computing, artificial intelligence, genetic testing, cryptocurrencies and various other technologies likely populate the top of your list.

However, if you strictly limit your perception of innovation to these flashy concepts, you could be missing out on transformational booms that are happening across industries that wouldn’t be categorized as cutting edge.

Because of significant injections of investment capital and a traunch of fresh ideas, new companies and opportunities are arising in traditional fields that may challenge your perception about which markets are hot versus which are not.

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New material could unlock potential for hydrogen powered vehicle revolution

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New material could unlock potential for hydrogen powered vehicle revolution

Scientists have discovered a new material that could hold the key to unlocking the potential of hydrogen powered vehicles.

As the world looks towards a gradual move away from fossil fuel powered cars and trucks, greener alternative technologies are being explored, such as electric battery powered vehicles.

Another ‘green’ technology with great potential is hydrogen power. However, a major obstacle has been the size, complexity, and expense of the fuel systems—until now.

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Email sextortion scams are on the rise and they’re scary — here’s what to do if you get one

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Overall, extortion by email is growing significantly, according to the FBI’s Internet Crime Compliant Center (IC3). Last year, these complaints rose 242% to 51,146 reported crimes, with total losses of $83 million.

“The majority of extortion complaints received in 2018 were part of a sextortion campaign in which victims received an email threatening to send a pornographic video of them or other compromising information to family, friends, coworkers or social network contacts if a ransom was not paid,” according to the FBI

“Shame can be a tremendous weapon that these criminals use,” one expert explains.

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Facebook’s Calibra is a secret weapon for monetizing its new cryptocurrency

 

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The newly formed subsidiary will build Facebook’s digital wallet

Facebook’s announcement this morning of a new cryptocurrency, Libra, and the nonprofit association that will oversee it raises questions about the future of global banking and Facebook’s role in it. But behind Facebook’s ambitions to create a quasi-nation state ruled by mostly corporate interests is a secret weapon, one the company hopes it can use to create another platform used by billions of people — and generate enormous new revenue streams along the way.

It’s called Calibra, and it’s a new subsidiary of Facebook the company is launching to build financial services and software on top of the Libra blockchain. At first blush, Calibra resembles a fairly standard payments company — but its tight integration with Facebook’s enormous user base could give it a significant advantage over any rivals. Thanks to its proximity to the technical development of Libra, and its ability to leverage WhatsApp, Messenger, and Instagram, Calibra could very well become Facebook’s next big thing.

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Special report: Our plastic planet

 

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We have sipped, packaged and played our way into a global plastics crisis.

Why it matters: Activist consumer groups are pushing for less use, and to some extent, less production, while industry aims for increased recycling.

The big picture: Plastics demand is projected to only increase — and the footprint of plastic pollution with it.

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