Cryptocurrency boom prompts graphics card rationing

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Booming interest in crypto-currencies has been blamed for pushing up the prices of graphics cards. The cards are popular because they speed up the process of minting or “mining” crypto-coins. Keen miners are buying graphics cards in large quantities and running them in parallel to boost their coin-producing efforts. Their actions have led some makers and sellers of graphics cards to limit how many people can buy at any time. Writing on PC Gamer, Jarred Walton said: “Right now is the worst time in the history of graphics cards to…

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Intel tells users to stop installing chip patches

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Software patches issued to fix serious security flaws on Intel chips should no longer be applied, the company has said. The patches tried to tackle flaws called Meltdown and Spectre that, if exploited, could expose important data. Many reported that their machines slowed down or stopped working when they applied Intel’s updates. Intel said it now knew what caused these problems and was developing fresh patches that would work better. In a statement, Intel spokesman Navin Shenoy said it had been investigating why the earlier patches caused “higher-than-expected reboots and…

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Hackers breach National Bank systems making off with Ksh 29m

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Hackers have breached the National Bank of Kenya systems making away with Ksh 29 million. Confirming the incident through a statement on their twitter handle, @National_Bank,  National Bank confirmed the incident stating that indeed there was an attempt fraud in normal course of business on 17th January but the bank’s monitoring and security resources frustrated the attempt “The amount of attempted fraud is about Ksh 29 million and we are confident we will recover most of that money,” read the statement. The bank also confirmed that security are in pursuit…

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Facebook to use surveys to boost ‘trustworthy’ news

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Facebook has announced it will prioritise news sources deemed to be more trustworthy on its News Feed. The firm said the social network community would determine which outlets are reliable via the use of user surveys. Founder and chief executive Mark Zuckerberg said news content would soon make up around 4% of what appeared in people’s News Feeds – down from 5% before. The move is the latest attempt by the company to quell the spread of so-called fake news and propaganda on the network. As part of that continuing…

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Only one in four trust social media, says survey

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Only one in four Britons trusts social media and users would like to see tighter regulation, according to the annual Edelman Trust Barometer. Its survey found two-thirds of Britons believe platforms such as Facebook and Twitter are not doing enough to prevent illegal and unethical behaviour, including cyber-bullying and extremism. But faith in traditional journalism rose sharply in the last year. Edelman said it was time social media companies sat up and listened. “The public want action on key issues related to online protection, and to see their concerns addressed…

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Children at Significant Social Media Risk

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Schools should play a bigger role in preparing children for social media’s emotional demands as they move from primary to secondary school, England’s children’s commissioner says. Anne Longfield said she was worried many pupils at that stage became anxious about their identity and craved likes and comments for validation. Her study said children aged eight to 12 found it hard to manage the impact. The government said it was working with schools on online safety education. The report into the effects of social media on eight to 12-year-olds claimed many…

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Rush to fix serious computer chips flaws

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Tech firms are working to fix two major bugs in computer chips that could allow hackers to steal sensitive data. Google researchers said one of the “serious security flaws”, dubbed “Spectre”, was found in chips made by Intel, AMD and ARM. The other, known as “Meltdown” affects Intel-made chips alone.The industry has been aware of the problem for months and hoped to solve it before details were made public. The UK’s National Cyber Security Centre (NCSC) said there was no evidence that the vulnerability had been exploited. According to the…

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Germany starts enforcing hate speech law

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Germany is set to start enforcing a law that demands social media sites move quickly to remove hate speech, fake news and illegal material. Sites that do not remove “obviously illegal” posts could face fines of up to 50m euro (£44.3m). The law gives the networks 24 hours to act after they have been told about law-breaking material. Social networks and media sites with more than two million members will fall under the law’s provisions. Facebook, Twitter and YouTube will be the law’s main focus but it is also likely…

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Gaming addiction classified as disorder by WHO

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Gaming addiction is to be listed as a mental health condition for the first time by the World Health Organisation. Its 11th International Classification of Diseases (ICD) will include the condition “gaming disorder”. The draft document describes it as a pattern of persistent or recurrent gaming behaviour so severe that it takes precedence over other life interests. Some countries had already identified it as a major public health issue. Many, including the UK, have private addiction clinics to “treat” the condition. The last version of the ICD was completed in…

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Spotify faces $1.6 billion lawsuit from music publisher alleging copyright infringement

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Spotify is facing a $1.6 billion lawsuit from Wixen Music Publishing, the publisher that represents artists like Tom Petty, Missy Elliot, Stevie Nicks and Neil Young, The Hollywood Reporter first reported. The suit, filed December 29, alleges copyright infringement, specifically alleging Spotify is using thousands of its songs without a proper license. The lawsuit seeks at least $1.6 billion in damages and injunctive relief. Before Spotify launched in the U.S., the company made deals with major record labels to obtain the appropriate rights to the sound recording copyrights in the…

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