Showing posts with label web3. Show all posts
Showing posts with label web3. Show all posts

Pakistanis lose Rs17.7 billion to online cryptocurrency fraud

Bitcoin 2022

 The Federal Investigation Agency (FIA) has detected an online fraud of USD100 million (Rs17.7 billion) using a cryptocurrency and issued a notice to the local representative of Binance to appear in person on Jan 10, local media reported.

Sharing details of the fraud, the Additional Director of the FIA cybercrime wing Imran Riaz on Friday said that those involved in the online fraud transferred the money abroad via cryptocurrency.

“We launched a probe after receiving complaints regarding a fraud involving billions of rupees being committed using nine online applications,” he said and added that they had sought answers in this regard from a representative of the cryptocurrency in Pakistan.

He shared that people invested between US$100 to US$80,000 in fraud applications. “Those who developed these apps were linked to cryptocurrency,” the FIA official said.

He said that they have sought details of all those linked to the fraud with the Binance cryptocurrency and their crypto accounts would be suspended. The FIA official further shared that cryptocurrency is being used in money laundering and terror financing.

According to details some mobile applications were offering Pakistanis to invest in the virtual currency. These applications were linked to Binance, the leading virtual platform for buying and selling Bitcoins and other similar cryptocurrencies.

However, these applications suddenly vanished and investment of around Rs17.7 billion made by Pakistanis were lost. The authorities said the unique way was adopted for fraudulent activity. The persons who launched the applications had connections with the crypto exchange.

The FIA issued the notice to Hamza Khan, the local representative of Binance. “During the inquiry, it was found that the fraudulent accounts of different applications namely, MCX, HFC, HTFOX, FXCOPY, OKMINI, BB001, AVG86C, BX66, 91fp, TASKTOK, were linked with Binance wallets,” the officials said.

It is noted that the State Bank of Pakistan (SBP) through a circular issued in 2018 informed the general public that it had not authorised or licensed any individual or entity for the issuance, sale, purchase, or investment in any such virtual currencies, coins, tokens in Pakistan.

Recently, a report released by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) revealed that Pakistanis had a staggering $20 billion worth of assets in cryptocurrencies.

The Federal Board of Revenue (FBR) has also launched a probe into the investment in the cryptocurrencies to identify investors and their source of investment. During a Sindh High Court hearing, a petitioner had on April 6, 2018 stated that the SBP imposed a ban on the use of digital currency despite developing countries are earning significant revenue from the cryptocurrency which doesn’t pose any threat to national interests.

10 Signs Of Genuine Intelligence That Can’t Be Faked

Signs of intelligence


Intelligence is something many people wish to have- and many people try to fake. However, there are some things you simply can’t fake, and true intelligence is one of them.

Have you ever met someone who wanted everyone to think they were smart? They might use big words, or flex their ‘geeky’ hobby when in reality, everyone knew they weren’t what they tried to appear.

True intelligence isn’t a flex. And it isn’t something that can be faked. Several strong indicators scientifically correlate to higher intelligence. If you don’t believe me, check out the following.

1. Rhythmic signs of intelligence.

A Swedish research team found that people who were good at keeping time scored higher on intelligence tests and surveys. They suspect that the reason behind this is because timing is important to brain processes that are responsible for problem solving and reasoning

2. Empathy

A key component of emotional intelligence is the ability to empathize and to see things from the perspective of another person. And while the ability to acknowledge and understand your own emotions is also important to emotional intelligence, the ability to see through someone else’s perspective is fundamental.

3. Valuing solitude.

Many people think of those who enjoy being alone as being awkward or strange. However, a 2016 study found that people who exhibited greater intelligence were less likely to feel satisfied by socializing frequently.

More socializing means less time to spend in contemplation, or in pursuing your interests and goals. So, don’t feel odd because you enjoy spending time alone.

4. You are a night owl.

In a study of over 20,000 people, a strong connection was found between staying up late and intelligence. According to the study, the higher your IQ, the later you will likely stay up. The study reads “more intelligent individuals are more likely to be nocturnal, getting up later in the morning and going to bed later in the evening, than less intelligent individuals.”

5. You question everything.

Intelligent people don’t accept anything at face value. Sophie von Stum from the University of Edinburgh in the UK co-authored a study called “The Hungry Mind: Intellectual Curiosity Is the Third Pillar of Academic Performance” says that “If you’re intellectually curious, you’ll go home, you’ll read the books. ” She also explained that she felt like the “curious ones” had the most potential for development.

6. Intelligent people know they don’t know everything.

The great Socrates once said, “The only true wisdom is in knowing you know nothing.” And if you think about it, this one ties into curiosity. To be curious, we cannot assume we know and understand everything. Instead, we have to remain open-minded enough to question ourselves and the world around us. Intelligent people don’t assume they have all the answers.

7. They worry.

A small study in 2011 discovered that people with high IQs had a different approach to worries than those who did not. The study found that people with high IQs spend more time worrying because they understand the potential threats and obstacles in their way, and want to be prepared. However, those who had higher intelligence were also less likely to worry about things that were unlikely to happen.

8. They’re adaptable.

Intelligent people understand that to make it through life, we must adjust and change with our environments. Our bodies evolve and adjust, and our perspective has to as well. If you don’t shift and adjust as needed, life can become difficult and it can be hard to manage.

9. They have self-control.

In a 2009 study, participants had to choose between two financial rewards. They could either choose to have a smaller payout immediately or choose to get a larger payout in the future. Those who chose the latter were more likely to have a higher IQ.

10. They procrastinate.

Intelligent people may procrastinate more because they prioritize more important tasks over less important ones. In turn, it may seem like they push some things to the side until the last moment, but in reality, they are worried about what’s more important.



Research Says Intelligent People Are Messy, Stay Up Late, And Curse A Lot


Despite the societal stereotype of those who curse being ignorant, a recent study has found that swearing is a sign of intelligence. Furthermore, those who are messier and like to stay up late are more likely to have a higher IQ.

For ages, people have maintained that only those with a limited vocabulary are likely to use swear words. However, psychologists Kristin Jay of Marist College and Timothy Jay of the Massachusetts College of Liberal Arts have found this to be incorrect. According to their study, those who were more fluent in ‘taboo words’ were more likely to be fluent in mundane, neutral words, meaning that they actually had a wider vocabulary.

https://www.psychologytoday.com/blog/the-scientific-fundamentalist/201005/why-night-owls-are-more-intelligent-morning-larks?fbclid=IwAR2lNCNLxj4HwEqNAnE81NKxf97WzmavofF0uYgxY2T7frVfxjMPUKnptKo

Staying up late, swearing and messiness have been linked in our society to laziness and stupidity. Thankfully, now, science is proving that all three assumptions are wrong. So, if you enjoy your curse words, being a night owl, or having a messy environment, have no fears, as you are more than likely a genius. If not, you could be pretty damn close.



How to make a living through Facebook Metaverse, NFT’s & Web3


If you haven't heard yet, Facebook has gone through  a colossal rebranding, and it will affect the industry of fashion more than you've thought and many people are going to make a living through that. Facebook, Instagram, and Whatsapp came under the label of Meta. Mark Zuckerberg said that people can create anything they ever imagined on Metaverse. So, how is it going to influence the world of fashion? Is Metaverse the new Goldmine of Fashion?

There are a lot of brands that own their online stores and pages on Facebook. Brands endorse their products on social media to reach more customers worldwide. Meta is going to take this online branding to the next level. Brands will be given the unique opportunity of digital fashion shows, live events, exhibitions, and workshops on Facebook and Instagram.

Metaverse, unlikely their competitors can reach much more audience as billions of people use Facebook Instagram on adaily basis. Metaverse has a larger community as compared to Amazon, Alibaba Express, etc. Metaverse will provide a new exciting opportunity for new markets, new kinds of social networks, and new patents

Nowadays, people have a very hectic schedule, making it impossible for them to visit physical outlets of different brands to get their desirable accessories.  This is the reason that everybody prefers online shopping these days. Metaverseis providing different brands under one platform to its audience and making it easier for them to select products following the latest fashion trends.

Digital fashion shows will make it easy for brands to reach more customers. An impressive sensory expression can be created on the audience by combining art with 3D animation, texture, and product design. At every level, the fashion industry is reckoning itself. 

Designer Anifa Mvuemba is the first one who debuted the first virtual fashion show on the 22nd of May, in 2020. The show is fully rendered in a rich virtual space. The owner of DizonGayle Dizon, said that it is specific CGI, 3D design, image capture, and body mapping can revolutionize fashion.

Other designers like Gary James McQueen also presented their digital fashion show. His show includes no physical models. Gary used the latest technology to create virtual models, designs, textures, etc. He brings the show to a whole new level by creating virtual backgrounds and virtual ramps. Gary expressed his imagination through the medium of fashion and the 3D world.

Metaverse will be being able to bring the audience to an immersive experience through these digital fashion shows. The vision of Metaverse is to help designers create an immersive atmosphere for their audience. Metaverse will use technology to create an unreal atmosphere for the world to step in, giving designers more freedom of creativity 

Designers can create their virtual models in the form of 3D avatars. Marvelous painters can create designs, patterns, colors combination, and textures for costumes. Metaversemakes it much easier for the designer to create new fashion opportunities. 

Digital fashion can make the whole process much more convenient for the designer. On the other hand, physical fashion shows need much more complex work. Physical fashion shows can be much more time-consuming as well. New technology can help the designer speed up things.

Benoit Pagotto´s design studio sells 620 pairs of virtual sneakers, and in less than 5 minutes, it generates $3.1 Million. According to entrepreneurs, virtual fashion will become universal in the coming daysMany people spend most of their time on virtual spaces, which makes it easier for brands to reach them on this virtual platform. 

Creating a tremendous collection on a virtual platform such as Metaverse can be beneficial for the business in the fashion industry as the new generation loves to spend their time on MetaverseMetaverse is giving creative people a canvas to create extraordinary things in the world of fashion.  

Most of us are grappling with pandemics or any climatic emergency in this monotonous world. We live our lives on social media as we are already more adapted to technology. We can organize our societies more productively with the help of the style ideas of MetaverseMetaverse Alliance is working in South Korea to persuade multinational companies and the government to develop an open national VR platform together. 

In this time of the pandemic, when people couldn't go out to shop for stuff they needed, people started to shop more frequently on Facebook and Instagram. This helped the fashion industry grow and create tremendous profit through social media. 

Pandemic has forced brands to experiment with the latest technologies and virtual fitting apps for clothing, cosmetics, accessories, etc. Early development and experimentation of metaverse targets virtual fashion. Different brands are coming up with new and unique ideas to market their products on Metaverse. Gucci, Nike, Addidas, and many other brands selltheir fashion products online on Social media portals.

As the technology keeps evolving, marketers work out different branding boundaries. In a short time, users will be able to engage with an incarnation of brands, like Nike, for an instant. Metaverse will create a new universe of customers and environment for the fashion industry. Pandemic has opened our eyes to new doors of possibilities. 

Metaverse is a territory inside which individuals escape the real world and enter the virtual space by its original definition. According to the advertising executives, efforts are needed,but it wouldn't be impossible. Brands should redefine their approaches to engage the audience on a large scale.

Facebook has been adding new shopping tools to its platform, including Instagram visual discovery. Meta is testing a new search function, powered by AI, to provide its users search similar products. Soon Instagram will make it possible for the users to take pictures from their camera to start a visual search. 

Meta is working on a new shop ads solution that provides unique ads experience based on users' shopping preferences. In the future, Meta will help brands personalize their shop ads by giving special offers to select its shoppers depending upon the shoppers' behavior. So, the answer to Metaverse being the Success of fashion is definitely yes, Meta is the next Goldmine in the world of fashion.

 

FIFA and its decision to pull Argentina out after Messi stepped on Mexico's jersey

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