Money

Crypto giveaway scam unveiled and thwarted by AI

Published

2 years ago

August 13, 2023

San Diego State University researchers have harnessed artificial intelligence (AI) to unveil and thwart cryptocurrency giveaway scams on Twitter.

The AI tool, named GiveawayScamHunter, has astonishingly identified 95,111 fraudulent lists produced by 87,617 accounts on the platform between June 2022 and June 2023.

Using GiveawayScamHunter, the researchers successfully extracted the website and wallet addresses linked to these scams, uncovering 327 fraudulent giveaway domains and 121 new cryptocurrency wallet addresses. This initiative has also shed light on the mechanics of these scams, detailing how scammers target victims and providing an estimate of the number of victims during the one-year study period.

The report approximated that over 365 individuals fell victim to crypto scams, resulting in losses exceeding $872,000. The researchers underscored the prevalence of active spam accounts, indicating the urgency in detecting and curtailing their dissemination.

To identify the scam-related lists, the researchers utilized a natural language processing tool trained on previously identified scam data. This facilitated the identification of almost 100,000 instances of scam lists and gathered data on previously unreported scam websites and wallets.

The research findings, which include associated accounts, domains, and wallet addresses, have been shared with both Twitter and the cryptocurrency community. However, as per the report, 43.9% of the associated accounts remain active as of the publication date.

This use of AI in identifying cryptocurrency giveaway scams aligns with scammers’ exploitation of AI-driven tools to devise new methods of fraud. These tactics amplify the reach of scams and fabricate a veneer of authenticity through the creation of fake followers and interactions.

Money

Stocks rally ahead of Thanksgiving as markets log four days of gains

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

Published

5 days ago

November 27, 2025

Harvey Vargas

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.

Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.

All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.

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#Markets #Stocks #Thanksgiving #DowJones #SP500 #Oracle #FederalReserve #FinanceNews

Money

Dow surges 500 points amid rate cut optimism

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

Published

6 days ago

November 26, 2025

Harvey Vargas

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

In Short:
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.

The Dow Jones Industrial Average increased by 569 points or 1.2% on Tuesday, reflecting investor optimism for an upcoming Federal Reserve interest rate cut. The S&P 500 and Nasdaq Composite also posted gains, up 0.8% and 0.4% respectively. This represented a recovery from earlier losses, where the S&P 500 briefly fell by 0.7%.

Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.

Tech Sector

Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.

Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.

Money

Gold prices surge as Central Banks buy big, but risks grow ahead

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

Published

7 days ago

November 25, 2025

Harvey Vargas

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.

But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.

Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.

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#gold #markets #centralbanks #economy #finance #investing #interestRates #usdollar