Daily Tech News 25 October 2022

• Freeway, a British crypto market ponzi scheme burglary gang that promised 43% return on investments has unexpectedly frozen withdrawals stolen everyone's money. (Web3 Is Going Great)
  
  That site - that is, Web3 Is Going Great, not Freeway - has had an update and it now shows a total of all the scams and thefts in the crypto world (at least, the recognised ones) at the bottom right, and you can configure it so that it ticks up as you scroll through the daily reports from the wretched hive of scum and villainy that is decentralised finance.
  
  (As opposed to the wretched hive of scum and villainy that is traditional finance.)
  
  (Story continues below the fold.)
  
  
  
• My laptop arrived in New House City - more importantly, at my doorstep in New House City - 22 hours after it shipped from the warehouse. That's pretty impressive. No five-day tour of the countryside for you.
  
  
  

• That Freeway story in three tweets:
  
  

  If anyone has funds in crypto yield platform Freeway, I would suggest withdrawing right away. I believe they are operating a Ponzi scheme. In my opinion, it's likely that Freeway will collapse within the next few months and that all depositors will lose everything.

  — FatMan (@FatManTerra) October 22, 2022

  
  

  As all of you will be aware, there has been unprecedented volatility in Foreign Exchange and Cryptocurrency markets in recent times. pic.twitter.com/9aHsWbm1So

  — Freeway (@FreewayFi) October 23, 2022

  
  

  Two hours ago, Freeway halted all platform withdrawals. They also wiped the names of all team members from their website. It looks like it's over. Another $100m+ rug. https://t.co/CUHZRygRGM pic.twitter.com/BJE4QMtkPy

  — FatMan (@FatManTerra) October 23, 2022

  
  
  I am shocked, shocked, to find thievery going on in this thieves' guild. About a hundred million this time around.
  
  
  
• Apple has announced new rules on the use of crypto products in apps. (Apple Insider)
  
  Those rules are we don't give a shit as long as we get our 30%.
  
  Thanks Tim.
  
  
  
• Jack Dorsey, former Twitter CEO, has unveiled Bluesky Social, a distributed social network which as far as I can see does not exist even on paper. (Medium)
  
  They have a protocol, which apparently hasn't been implemented or even specified.
  
  
  
• Lenovo has a new probably nine-ish inch Android tablet in the works. (Tablet Monkeys)
  
  The leaked benchmarks don't tell us what the display resolution is, but the other specs are mid-range, not entry-level: 4GB of RAM, 64GB of storage, and dual A75 cores (plus six slower A55 cores). If the screen is decent, I'll buy two.
  
  
  
• AMD is holding a launch event for its RDNA 3 / Radeon 7000 range of graphics cards on November 3. (AnandTech)
  
  Since the only new graphics cards out right now are Nvidia's insanely expensive RTX 4090 and Intel's decidedly meh Arc series, AMD has the field to itself.
  
  So I fully expect them to fumble the ball.
  
  
  
• AMD's Epyc Genoa server processors - with up to 96 cores - launches the following week on November 10. (Serve the Home)
  
  On the other hand I expect this launch to go smoothly, partly because these servers have been in the hands of major customers for months already.
  
  
  
• Microsoft's Project Volterra - the new generation of Windows-on-Arm development hardware - is on sale now at $599. (Ars Technica)
  
  Or A$949, which remarkably enough makes it exactly 25 cents cheaper in Australia than in the US. (The Xbox Series X is also slightly cheaper down here.)
  
  That gives you a Qualcomm Snapdragon 8cx Gen 3, which is miles better than the 8cx Gen 2, because that was actually just a relabeled 8cx Gen 1 (fuck you, Qualcomm), 32GB of RAM, and 512GB of SSD. The CPU has four Arm X1 cores, which are slower than Apple's M1 but not entirely terrible.
  
  (Qualcomm's previous ventures in this space were entirely terrible.)
  
  
  

posted by Pixy Misa at 04:00 AM

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