A high-school dropout is making hundreds of thousands of dollars trading cryptocurrency derivatives

A 29-year-old high school drop out from the United Kingdom is hauling in hundreds of thousands of dollars trading risky cryptocurrency derivatives. Jay Smith believes a cryptocurrency crash is inevitable, but right now he’s the No. 1 trader of digital coins on online brokerage eToro, amassing thousands of followers who are copying his trades, according to Bloomberg’s Edward Robinson. Smith, who lives in a London suburb, makes speculative, leveraged bets on the prices of cryptocurrencies like bitcoin and Ethereum and the rash of others that have bubbled up in recent years. eToro lets users copy the trades of top performers like Smith, who has a 295% return in the past… Read More

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A $96 billion fund firm created a AI hedge fund, but freaked out when it couldn’t explain how it made money (NVDA, AMD)

Artificial intelligence has been around since the 1950s but is exploding in popularity recently, especially in the world of finance. The idea that an investor can do a bit of programming, and then sit back to watch the profits roll in is an exciting idea, especially when it works. But according to a story by Adam Satariano and Nishant Kumar from Bloomberg, one hedge fund manager was initially scared by how well his AI trading machine worked. “Were we scared by it? Yes. You wanted to wash your hands every time you looked at it,” Luke Ellis, CEO of $96 billion hedge fund Man Group, told Bloomberg. Ellis told Bloomberg… Read More

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Chrome plugin exploited Tinder privacy bug to track your friends’ location

Remember Tinder Social – the group meeting feature that got the popular dating app in trouble for outing its users to their Facebook friends? It turns out that, in addition to this, Social had another glaring privacy issue that made it possible for Tinder users to track their Facebook friends – and see their exact location. To demonstrate how intrusive the group meeting feature can be, researchers from cybersecurity firm Detectify developed a creepy Chrome plugin that enabled them to use their Tinder account to triangulate the precise location of their Facebook friends. As the security experts explain in a… This story continues at The Next Web Or just read… Read More

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Amazon has a big surprise event today – will we see the Amazon Echo 2?

TechRadar is in Seattle today for a big surprise Amazon event, where the tech giant is set to reveal a bevy of new devices. Just what they will be we don’t yet know, but our bets are on a big update to the Amazon Echo smart speaker and also upgrades to Fire TV and more. Amazon doesn’t usually do big events at its headquarters so what it has planned must be pretty significant for the company. In recent weeks there have been a trickle of rumors about new devices. The biggest of these was Amazon getting into the smart glasses arena. We’re not that convinced that we will see that… Read More

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Trump isn’t in the test group for the double-length 280 character tweets

President Donald Trump’s tweets won’t be getting twice as long — at least not yet. Twitter announced on Tuesday that it was doubling the length of tweets for a small subset of users, from 140 characters to 280. Trump isn’t in that trial group, Twitter COO Anthony Noto told CNBC’s Jim Cramer on Wednesday morning. The president is a prolific tweeter, using the social media service to shore up his base, support political allies and call out opponents, as well as pick fights with prominent athletes and make more routine announcements about things like disaster relief and bills the Republicans have introduced to Congress. Twitter described the move to increase… Read More

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