Scammers have officially started using fake cryptocurrency websites to steal funds from users, as part of a wave of crypto-related hacks.

According to the report, the sham websites pose as pages for popular cryptocurrency services such as Coinbase in order to trick visitors into providing information that will allow hackers to access their cryptocurrency wallets.

Scammers have literally taken help of the websites using SEO techniques, which used URL addresses that strongly resemble internet sites and domed the fake pages to the first page of Google’s search results.

Erin Plante, while a discussion on this said, that there are a huge number of people who are making fake versions of real websites and not only this, they are even directing the users to the faulty pages and thereafter stealing off their money. Erin is the senior director of investigations at the blockchain data platform Chainalysis.

As per the reports, more than half of the victims who lost their crypto money first met the scammer via an ad, post, message or social media.

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With the May release of the flagship Honor Magic 4 Pro in the west, Honor has recently made a comeback. The Honor 50, a mid-range phone with minimal extra features and the company’s first and only debut into the western market, came before that. The Honor 70 is now obtainable in the west following its recent release in China. The hitch is that this phone costs €549.

There are two variations of the Honor 70. The top-tier 8GB + 256GB model costs £549, while the 8GB + 128GB model costs £479. That costs a little more than the phone Nothing (1), which has comparable specs. The Honor 70 is stylish and well-known. Along with the sturdy, quality feel of the aluminum bumper around the edge of this glass/metal sandwich, the metallic finish on the back gives it a distinctive individuality.

To be more precise, the Honor 70 has dimensions of 6.3 x 2.8 x 0.3 inches and weighs 6.3 ounces, making it a small phone with a 6.67-inch display.
The aluminum and curved glass construction is pleasant to the touch and fits well into your hand’s grip.

The Honor 70 has some mid-range firepower with its 8GB of RAM and Snapdragon 778G Plus CPU.
With a 4,800mAh internal battery, the Honor 70 boasts a good amount of endurance. These presumptions are disproved by the 70’s dependable, color-accurate photographs that have excellent, sharp detail and striking bokeh. The cameras on Honor phones have always been a little hit or miss.

Let’s now be a little more specific. On the back, there are three cameras: a 54MP Sony IMX800 primary camera with an f/1.9 aperture, a 50MP ultra wide-angle and macro camera with an f/2.2 aperture, and a 2MP depth sensor. A 32MP selfie camera is situated up front in the interim.

Is Honor 70 worth spending this much money for?

The issue is that there are so many other options available for less money. The Honor 70 is a pretty nice phone that I think anyone can adore. The Snapdragon 778G Plus is a wonderful performer, but if you want to go the Pixel 6a path, it’s basically on pace with a Dimensity 1300 or even Tensor. The company’s Magic UI is somewhat divisive, and the rest of the technology, while good, isn’t groundbreaking.

In all honesty, probably not. When you spend a lot of money on anything, you don’t get much in return. At €549, a smartphone with a weaker software experience, a CPU on par with the Google Pixel 6a, and a worse camera experience is asking a lot. The Honor 70’s only distinguishing feature is its display, so if that appeals to you, you should choose the Nothing Phone 1 instead because it provides nearly the same features for less money. Unless you appreciate Honor or require some of the common video features, the Honor 70 doesn’t give much value.

The post Is the sleek and stylish looking Honor 70 phone worth buying or not? Let’s take a look appeared first on The Tech Outlook.

Over the agreement, Cristiano Ronaldo and Binance will create a series of collections for sale exclusively on the Binance NFT platform. The first collection will be released later this year and will feature designs created in collaboration with Ronaldo.

Ronaldo himself launches multiple NFT collections per year.

Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, today announced that it has kicked off an exclusive, multi – year NFT partnership with Ronaldo. Through this partnership, Binance will launch a global campaign aiming to give Ronaldo’s fans an introduction to Web3 with a compelling entry point into the world of NFTs.

“Cristiano Ronaldo is one of the world’s best footballers, and has transcended sport to become an icon in multiple industries. He has amassed one of the world’s most dedicated fan bases through his authenticity, talent and charity work,” said Changpeng Zhao, Binance founder and CEO “CZ”.

The Cristiano Ronaldo NFT collections will be available exclusively on Binance NFT at www.binance.com/en/nft/home.

“I know the fans are going to enjoy the collection as much as I do.” said Ronaldo

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With the inflation increasing everywhere and economies struggling with coping up with issues, the S&P 500 tipped into the bear market territory, lifted bond yields and dragged down cryptocurrencies and other holdings. The S&P fell 2.4% on Monday afternoon, the market is on a verge to fall in the bear market for the first time since 2020.

The US consumer prices rose 8.6% year – over – year in May, the fastest such rise since 1981. The report forced many to reset expectations for higher interest rates from the Federal Reserve.

“The very fact that it overshot expectations has really frayed investors’ nerves even more and shown how difficult it is to try to keep a lid on inflation,” said Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, “The worry is that inflation is getting too hot to handle for central banks and they’ll have to dose economies with cold water in the form of tighter policy.”

The Fed meeting of two day policy will start on Tuesday. US tech stocks, which suffered through the entire pandemic, were set for big declines Monday. Apple shares were down 2%, while Amazon lost 5.6%. Chip maker Nvidia lost 6.4% and Tesla was cut down by 4.5% and Meta lost 4.6%.

“This is what you call a bear market where fear is taking place and pushing people out of the market and having people empty up portfolios and capitulate,” said Todd Morgan, the chairman of Los Angeles – based Bel Air Investment Advisors.

The post With High Inflation Stocks hit a record low, crypto falls appeared first on The Tech Outlook.

The online food delivery forum Zomato on Tuesday said its board had approved a loan of up to USD 150 million (approximately Rs 1,145 crore) from a grocery store player, Grofers India Pvt Ltd (GIPL). The board also approved the acquisition of 16.66 per cent of the robotic food and automation company, Mukunda Foods Pvt Ltd, to consider a combined rupee amount of USD 5 million, Zomato said in a legal file.

The company, which last year had invested USD 100 million (Rs 745 crore) to acquire about 9 per cent of Grofers, said its board had delegated its authority to its senior management to set important loan terms and use clear documents. on a future date.

Zomato went on to say that it would receive 16.66 per cent of Mukunda Foods budget in a fully purified manner by registering 13,289 Series B1 shares for compulsory exchanges and ten shares for consideration of a combined rupee amount of USD 5 million.

“Our investment will help Mukunda Foods grow faster, help reduce restaurant food prices, increase margins, and improve customer satisfaction,” he added.

The proposed investment is subject to the fulfillment of certain cultural norms and other terms and conditions agreed upon under the investment agreement used between the parties, Zomato said.

Mukunda is a food robots company that designs and manufactures small robotic machines to make their own food in restaurants, enabling them to grow faster while maintaining consistent quality of food and customer experience in many stores, he added. The company also helps restaurants function more efficiently by reducing staff costs, wasting and increasing kitchen efficiency.

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China’s central bank retained some unchanged policy rates on Tuesday. Although investors believe policymakers could resume short-term spending to support a slower economy. The shocking decision comes a day before the US Federal Reserve is expected to bring the first interest rate hike in three years and analysts say Beijing may want to avoid a policy extension at the moment.

The People’s Bank of China (PBOC) has stated that it will keep rate at a rate of 200 billion yuan ($ 31.44 billion) in other financial institutions unchanged at 2.85% over the previous operation. The operation resulted in the surplus of 100 billion yuan in new currency, instead of 100 billion yuan due to maturity on Tuesday. The PBOC has stated that the move to “maintaining banking system liquidity reasonably ample”, according to an online statement. The majority of retailers and analysts in a Reuters survey reported a one-year MLF reduction of one.

Ken Cheung, chief executive of the Asian FX Strategist at Mizuho Bank, said the PBOC had avoided adjusting key interest rates ahead of the Fed policy meeting, at which the US central bank is widely expected to raise interest rates. “But the PBOC will also lower its monetary policy by lowering interest rates to meet the government’s target of about 5.5% growth,” Cheung said. He expects the PBOC to cut MLF rate in April when China reports its first quarter growth.

Also, lowering the MLF level may not really bring the desired development to the credit demand, Marco Sun, MUFG’s chief financial analyst, argued. The central bank also deposited 10 billion yuan through a seven-day backlog to repay the same loan amount required on the same day, while borrowing costs remained unchanged at 2.1%, according to the statement.

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