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Coinscreed
Coinscreed
CME to Launch Micro Euro-Denominated Crypto Futures
5 days ago
Crypto
ETH,AVAX
EURC(EURC)

$1.08

-0.12%

Market Cap
55.47m
 

-0.12%

Volume (24h)
1.04m
 

44.78%

Released on 16 Jun 2022
Crypto
Market Cap
20.77m
 

-0.90%

Volume (24h)
3.85m
 

19.35%

Released on 21 Oct 2021
Cryptopolitan
Cryptopolitan
followers

In a revealing case of artificial intelligence (AI) misidentification, Tim Hansenn, a Dutch motorist and artificial intelligence expert, was wrongly fined 380 euros for allegedly using his phone while driving. This incident has sparked discussions about the reliability of AI-powered smart cameras in law enforcement and the potential for human oversight errors. Misidentification by AI technology Hansen, an employee at Nippur, a firm specializing in AI, was caught by the Dutch police’s AI smart camera, Monocam, which mistakenly identified him as using his phone while driving. The camera, designed to detect drivers distracted by their mobile devices, flagged Hansen while he was merely scratching his head. This mistake underscores the challenges facing AI in accurately interpreting human actions. The expert took to his company’s blog and shared his experience in an interview with Belgian news outlet HLN, highlighting the limitations of the current AI technology used by the Dutch police. Hansenn’s analysis pointed out a crucial flaw in the AI’s operation: it tends to wrongly assume that any hand movement near the head is indicative of phone use. This incident raises questions about the AI’s accuracy and emphasizes the role of human error, as the fine was approved by a police officer who reviewed the photo evidence. The road ahead for AI in traffic enforcement Despite the setback experienced by Hansenn, the Netherlands is on track to expand its use of AI in traffic monitoring. The Dutch police have been utilizing Monocam since 2021, with significant success in identifying drivers texting while driving. According to a report by NRC, a Dutch news outlet, the technology caught 116,000 drivers in 2022, with expectations of higher numbers in 2023. Moreover, the Netherlands plans to introduce Focus lash cameras by the end of 2024. These advanced systems will have the capability to assess where drivers are looking, detect red light violations, and check if seat belts are fastened. Hansen has expressed his desire to assist the police in refining their AI technology to prevent future misidentifications. His case catalyzes a broader conversation about integrating AI in law enforcement tools and the necessity for continuous improvement to ensure their accuracy and reliability. Implications and Future Developments The incident involving Tim Hansenn sheds light on the complexities and challenges of deploying AI in law enforcement, particularly in traffic monitoring. While AI offers the promise of enhancing public safety by identifying and penalizing distracted driving, it also poses risks of inaccuracies that can lead to unjust penalties for innocent individuals. This case emphasizes balancing technological advancements with human oversight to mitigate errors. As the Netherlands and other countries continue to adopt AI-powered systems for traffic enforcement, the need for ongoing evaluation and refinement of these technologies becomes evident. Ensuring that AI systems are as error-free as possible is crucial for maintaining public trust and the legitimacy of automated enforcement measures. Furthermore, this incident underscores the potential for AI to learn and improve from its mistakes. By analyzing instances of misidentification, developers can fine-tune AI algorithms, enhancing their ability to distinguish between different activities accurately. Collaboration between AI experts like Hansenn and law enforcement agencies could lead to more sophisticated and reliable AI solutions, reducing the likelihood of similar incidents in the future. while the use of AI in traffic enforcement presents significant benefits, the case of Tim Hansen highlights the need for careful implementation, human oversight, and continuous improvement. As AI technology evolves, so too must the mechanisms for its oversight, ensuring that the future of automated law enforcement aligns with principles of fairness and accuracy.

7 days ago
小烏鴉Max
小烏鴉Max
followers

[Dutch student suspected of stealing up to 10 million euros to run cryptocurrency bank] A Dutch legal team is on the hunt for a 23-year-old law student who claimed to be a cryptocurrency banker who disappeared after allegedly running a pyramid scheme that resulted in the theft of up to €10 million. According to rtv Oost, this young man from Hengelo, the Netherlands, has been running a cryptocurrency bank for the past two years, attracting investments from family members, close contacts and strangers in the town. He accepts investments for a fee of at least 5,000 euros and takes 50% of the profits as a service fee, and is known as a "crypto genius". On Wednesday, he emailed about 300 investors, claiming he could not return the money because he had lost all his investments, including his own money. Dutch lawyers said the amount of cryptocurrency lost by each victim ranged from 35,000 to 50,000 euros. One victim suspected that the missing funds could be between €4.5 million and €10 million. Lawyers representing the victims noted that the law student allegedly used money from new clients to pay early investors, a classic pyramid scheme pattern. Lawyer Arjon Tieman said the case had "all the hallmarks" and stressed that information was still being updated. A spokesman for the "crypto genius" apologized on his behalf, saying in the email that he was "extremely mentally unstable" and was undergoing treatment after seeking medical help. Reports say his social media accounts have been deleted, a trip to Turkey with his football club has been canceled and his home is empty. The victim has sought help from the police but has not yet made a formal report. Legal teams representing the victims are working to pursue claims. #鴉快訊 #詐欺

about 1 month ago
MM
Marco Musumeci D'Agata
Imed Angel
Imed Angel
followers

🇪🇺 The European Council and Parliament have reached a temporary agreement on stricter due diligence rules for cryptocurrency companies. This new “anti-money laundering package” will impose stricter rules on cryptocurrency companies, which will have to conduct due diligence when customers intend to process transactions worth at least 1,000 euros ($1,090). The agreement must be submitted to the European Parliament for approval.

about 1 month ago
Money Maker Pro
Money Maker Pro
followers

The European Parliament and the Council of the European Union 🇪🇺 have reached a preliminary agreement on new regulations aimed at preventing money laundering in the cryptocurrency sector. These regulations stipulate that cryptocurrency companies must verify the identity of customers for transactions exceeding 1,000 euros. Some legislators express a desire to subject cryptocurrency companies to a regulatory framework similar to that of banks. However, concerns have been raised that these regulations may lead to differential treatment of the cryptocurrency industry compared to traditional banking. For instance, requiring basic identity checks for all non-regular transactions could set the industry apart from the requirements imposed on banks. It's important to note that this is currently a proposal and not yet law, awaiting final approval. The process may undergo adjustments and modifications before becoming law, potentially involving discussions with stakeholders in the cryptocurrency industry and other EU member states. #TrendingTopic #TradeNTell #EuropeanExpansion

about 1 month ago
Voice Of Crypto
Voice Of Crypto
followers
  • Ukrainian cybercriminal, aged 29, apprehended for orchestrating an extensive cryptojacking operation with 1 million virtual servers. - Exploitation of 1,500 cloud accounts resulted in a staggering €1.8 million ($2 million) in cryptocurrency gains. - The hacker deployed the same 1,500 cloud accounts for conducting DDoS attacks and executing phishing scams. - The arrest serves as a stark reminder of the widespread problem of cryptojacking on a global scale, emphasizing the urgency for enhanced cybersecurity measures. The global issue of illegal crypto mining has become increasingly prominent, posing a significant challenge for governments worldwide since the inception of crypto and blockchain technology. Each year, individuals discover new methods to exploit resources, such as electricity and computing power, for unauthorized mining activities, reaping substantial profits. A recent case highlights the arrest of a 29-year-old Ukrainian man by Europol. This individual orchestrated a sophisticated cryptojacking scheme, leveraging approximately 1,500 unsuspecting individuals' cloud accounts. Through these accounts, the unnamed Ukrainian mastermind created over a million virtual machines, working tirelessly to mine cryptocurrencies without the owners' consent. Europol's joint investigation with the National Police of Ukraine and collaboration with an unnamed cloud service provider unveiled the hacker's methods. Using automated tools to identify weakly protected cloud accounts, the perpetrator transformed these accounts into virtual machines dedicated to mining cryptocurrencies like Toncoin, associated with the Telegram messaging app. The illicit operation reportedly yielded around 1.8 million euros, equivalent to over $2 million at current exchange rates. The hacker's activities extended beyond illegal mining, encompassing distributed denial-of-service (DDoS) attacks and phishing scams. The repercussions impacted both the cloud service provider and the affected account holders, leading to substantial financial losses as they had to compensate the hacker for the additional processing power supposedly utilized. This incident underscores the pervasive challenge of cryptojacking, exemplifying a broader trend seen globally. Previous instances, such as the 2017 CoinHive malware campaign and the 2023 discovery of an illegal crypto-mining operation beneath a school in Cohasset, Massachusetts, highlight the multifaceted nature of these illicit activities. The arrest of the Ukrainian individual signifies a significant stride in combating cryptojacking and enhancing overall security in the crypto ecosystem. However, it is essential to remain vigilant in the face of evolving threats. The crypto landscape is dynamic and unpredictable, and individuals should conduct thorough research and make informed financial decisions, given the inherent volatility of cryptocurrencies. Voice of Crypto aims to provide accurate information, but readers are encouraged to verify facts independently. Cryptocurrencies involve risks, and readers should exercise caution and responsibility in their financial decisions. #CryptoHacker   #Mining   #CryptoMining   #Crypto2024   #cryptocurrency
about 1 month ago
SpaceCatch
SpaceCatch
followers

Authorities in Ukraine have arrested a 29-year-old individual for compromising cloud accounts with the intention of illegal cryptocurrency mining. Europol and Cyber Police Joint Operation At the beginning of this January, an individual in Mykolaiv, Ukraine was apprehended as part of a joint operation between Europol and an unidentified cloud service provider. This arrest resulted from a sophisticated plan known as a "sophisticated cryptojacking scheme," as stated by Europol in its press release on January 12.  Compromised Accounts and Cryptocurrency Mining According to Europol, the suspect is responsible for illegal #cryptocurrency mining worth more than $2 million (1.8 million euros) through compromised accounts. Ukrainian cyber police, involved in the operation, discovered that the individual used automated tools to forcefully breach the passwords of 1500 accounts belonging to an undisclosed e-commerce subsidiary.  Abuse of Accounts for Creating Virtual Servers The suspect was accused of misusing compromised accounts to gain administrative privileges and subsequently created more than a million virtual servers. These servers were utilized to conduct an extensive cryptocurrency mining operation. The perpetrator allegedly used #TON cryptocurrency wallets to facilitate the easy transfer of illegally obtained proceeds.  Discovery and Cooperation with Cloud Service Provider During the operation, searches were conducted at three properties in collaboration with Europol, confirming that the investigation was initiated based on information provided by the cloud service provider. Europol stated, "The cloud provider approached Europol in January 2023 with information about its compromised user accounts."  Support from the European Cybercrime Centre (EC3) The European Cybercrime Centre (EC3) established a virtual command post to assist Europol during the operation. It provided support to the Ukrainian national police in analyzing and forensically evaluating the gathered data during the searches.  Charges and Criminal Prosecution According to Ukrainian authorities, the detained suspect has been involved in unlawful activities since 2021 and will face criminal prosecution. Investigators from the Ukrainian National Police initiated criminal proceedings under Section 5, Article 361 of the Ukrainian Criminal Code, which pertains to unauthorized interference with information systems and electronic communication.  Cloud-based Cryptojacking Cryptojacking in a cloud environment involves malicious actors gaining unauthorized access to cloud computing infrastructure and using its computational power for cryptocurrency mining. This allows them to avoid costs associated with servers and electricity, maximizing their profits. Owners of compromised accounts often incur significant financial losses due to the unauthorized use of their cloud accounts. #HackerAlert Notice: ,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

about 1 month ago
Crypto
ETH
LATOKEN(LA)

$0.04

-3.46%

Market Cap
14.66m
 

-3.46%

Volume (24h)
14.21k
 

31.11%

Released on 25 Oct 2017
Imed Angel
Imed Angel
followers

Update on the situation of Euros on Binance: 🔸Withdraw: withdrawals in Euros to your bank account are available. 🔸Buy: You can always use your credit/debit card to buy cryptos or via Apple Pay, Google Pay. 🔸 Spend: the Binance Card allows you to spend your euros and cryptos. 🔸Exchange: Binance Convert still allows you to convert your Euros into crypto without fees. 🔸 Deposit: only deposits in Euros by transfer are temporarily unavailable. We hope to give you news very soon regarding a new partner. If you are stuck for any reason, do not hesitate to contact me by DM

5 months ago
Chibiguardians
Chibiguardians
followers

⚠️If you have EUROS, paysafe, need SEPA Transfer⚠️ Check my last 2 posts for more details. https://www.binance.com/en/feed/post/1417675?ref=62732248 https://www.binance.com/en/feed/post/1417548?ref=62732248

4 months ago
CryptoBlogs
CryptoBlogs
followers

⚠️ DO YOU HAVE EUROS IN YOUR BINANCE ACCOUNT? Read this!!You have had to receive an email telling you what to do if you currently have Euros in your account. I'll summarize it for you:Binance has added new fiat partners to provide Euro (EUR) services to users in Europe.What do you need to do?- If you already have access to these services, you don't need to do anything else.- If you do not have access to these fiat services and you have a balance in Euros (EUR) on Binance through our old fiat partner (Paysafe) you will need to completely reduce your existing balance before we can migrate your account to our new partners.- You can do this by converting your Euros (EUR) to cryptocurrencies before October 31, 2023, or by withdrawing your balance to your bank account.- For Paysafe users (old partner) with a balance less than 5 Euros (EUR), we will automatically convert the remaining EUR balance to USDT on October 24, 2023 at 8:00am UTC+0 due to the minimum withdrawal limit of 5 EUR.- Once we convert this EUR balance into USDT, you will now have access to our EUR services through our new partners.The fiat services offered by these new fiat partners to users include:- Deposit and withdrawal of Euros (EUR) through Open Banking and SEPA/SEPA Instant- Buy and sell cryptocurrencies through SEPA/SEPA Instant- Buy and sell cryptocurrencies with bank cards- Buy and sell crypto with fiat balances- Spot pairs in Euro (EUR) for all users❤️ Like and follow me for more similar content!

4 months ago
Crypto
OSMO,ETH,MATIC
e-Money EUR(EEUR)

$1.04

2.03%

Market Cap
N/A
 

Volume (24h)
1.73k
 

54.30%

Released on 04 Nov 2021

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