Bill Gates Departs Microsoft Board After Pledging $1.4M to African Blockchain –

Bill Gates Departs Microsoft Board After Pledging $1.4M to African Blockchain –

According to a press release, software developer, philanthropist, and Microsoft co-founder Bill Gates will depart the company’s board.

Now 64 years old, the business magnate started Microsoft alongside Paul Allen in 1975. The company is surely most known for its Windows computer operating system, which was first released in 1985 and remains as vital as ever today.

Microsoft announced a blockchain token and data management service at the end of 2019 that would be a new tool for users of its enterprise Azure service. Gates himself has also recently backed a blockchain-enabled security service for fintech companies operating in Africa and Asia called Crest, writing a check for $1.4 million earlier this month to help financial technology companies in these areas bring financial services to unbanked populations.

Microsoft’s release explains that Gates’ departure from the board is about making more time for his philanthropy and effort toward tackling climate change.

This content was originally published here.


Author: Yuge Trump Economy

EOS Tumbles 20percent In Rout

EOS Tumbles 20percent In Rout

EOS Tumbles 20per cent In Rout – had been investing at $2.6670 by 00:43 (04:43 GMT) regarding List on Sunday, down 20.07per cent on the day. It had been the biggest one-day percentage reduction since March 12.

The move downwards forced EOS’s market cap down to $3.1963B, or 0.89per cent of complete cryptocurrency market cap. At its highest, EOS’s market cap had been $17.5290B.

EOS had exchanged in a selection of $2.6670 to $3.4871 in the last twenty-four hours.

In the last 7 days, EOS has actually seen a growth in worth, since it gained 24.98percent. The amount of EOS exchanged in the twenty-four hours to time of writing had been $2.8367B or 2.46percent regarding the complete amount of all cryptocurrencies. It has exchanged in a selection of $2.6618 to $3.4871 before 7 days.

At its existing cost, EOS is still down 88.39per cent from the all-time a lot of $22.98 set on April 29, 2018.

had been final at $10,795.4 on Index, down 5.50per cent on the day.

had been dealing at $345.83 regarding the Index, a loss in 2.41percent.

Bitcoin’s market cap ended up being last at $215.9164B or 59.85per cent associated with the total cryptocurrency market cap, while Ethereum’s market cap totaled $42.3477B or 11.74per cent associated with the total cryptocurrency market value.

Disclaimer: Fusion Media would like to remind you that the data within this amazing site just isn’t fundamentally real time nor precise. All CFDs (stocks, indexes, futures) and Forex prices are maybe not given by exchanges but rather by market manufacturers, therefore costs might not be precise and may even vary from the selling price, indicating prices are indicative rather than right for trading functions. Therefore Fusion Media doesn`t bear any obligation for almost any trading losings you may incur because of by using this information.

Fusion Media or anyone involved in Fusion Media cannot accept any liability for loss or harm because of dependence on the info including data, quotes, maps and buy/sell indicators included through this internet site. Please be completely informed concerning the risks and expenses associated with dealing the financial markets, its among the riskiest financial investment types possible.

Posted at sunlight, 02 Aug 2020 04:43:02 +0000


Author: by Alfred Camarro · 2020-08-02

Amc Networks (AMCX) to Release Earnings on Tuesday

Amc Networks (AMCX) to Release Earnings on Tuesday

Amc Networks logoAmc Networks (NASDAQ:AMCX) will post its quarterly earnings results before the market opens on Tuesday, August 4th. Analysts expect Amc Networks to post earnings of $1.19 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Amc Networks (NASDAQ:AMCX) last released its earnings results on Tuesday, May 5th. The company reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.07 by ($0.60). The company had revenue of $734.40 million during the quarter, compared to analyst estimates of $736.27 million. Amc Networks had a net margin of 10.16% and a return on equity of 71.92%. Amc Networks’s revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.64 EPS. On average, analysts expect Amc Networks to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

NASDAQ:AMCX opened at $23.10 on Friday. Amc Networks has a 52-week low of $19.62 and a 52-week high of $54.45. The company has a debt-to-equity ratio of 4.78, a quick ratio of 2.17 and a current ratio of 2.17. The company has a market cap of $1.28 billion, a P/E ratio of 4.29 and a beta of 0.94. The stock’s 50-day simple moving average is $24.94 and its 200 day simple moving average is $28.80.

AMCX has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Amc Networks from a “sell” rating to a “hold” rating in a report on Monday, July 20th. Cfra upgraded Amc Networks from a “hold” rating to a “buy” rating and reduced their price target for the stock from $31.00 to $28.00 in a report on Tuesday, May 5th. Imperial Capital lifted their price target on Amc Networks from $25.00 to $26.00 and gave the stock an “in-line” rating in a report on Tuesday, May 19th. Morgan Stanley reduced their price target on Amc Networks from $47.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, May 5th. Finally, Goldman Sachs Group initiated coverage on Amc Networks in a report on Monday, July 13th. They set a “sell” rating and a $19.00 price target for the company. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $32.75.

Amc Networks Company Profile

AMC Networks Inc owns and operates various cable television’s brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats.

Further Reading: What is required to own or exchange cryptocurrency?

Earnings History for Amc Networks (NASDAQ:AMCX)

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Author: Jeanne O’Marion

From Minecraft Tricks to Twitter Hack: A Florida Teen’s Troubled Online Path

From Minecraft Tricks to Twitter Hack: A Florida Teen’s Troubled Online Path

The teenage “mastermind” of the recent Twitter breach, who had a difficult family life, poured his energy into video games and cryptocurrency.

Graham Ivan Clark’s arrest raised questions about how someone so young could penetrate the defenses of a sophisticated tech company.Credit…

For Graham Ivan Clark, the online mischief-making started early.

By the age of 10, he was playing the video game Minecraft, in part to escape what he told friends was an unhappy home life. In Minecraft, he became known as an adept scammer with an explosive temper who cheated people out of their money, several friends said.

At 15, he joined an online hackers’ forum. By 16, he had gravitated to the world of Bitcoin, appearing to involve himself in a theft of $856,000 of the cryptocurrency, though he was never charged for it, social media and legal records show. On Instagram posts afterward, he showed up with designer sneakers and a bling-encrusted Rolex.

The teenager’s digital misbehavior ended on Friday when the police arrested him at a Tampa, Fla., apartment. Florida prosecutors said Mr. Clark, now 17, was the “mastermind” of a prominent hack last month, accusing him of tricking his way into Twitter’s systems and taking over the accounts of some of the world’s most famous people, including Barack Obama, Kanye West and Jeff Bezos.

His arrest raised questions about how someone so young could penetrate the defenses of what was supposedly one of Silicon Valley’s most sophisticated technology companies. Mr. Clark, who prosecutors said worked with at least two others to hack Twitter but was the leader, is being charged as an adult with 30 felonies.

Millions of teenagers play the same video games and interact in the same online forums as Mr. Clark. But what emerges in interviews with more than a dozen people who know him, along with legal documents, online forensic work and social media archives, is a picture of a youth who had a strained relationship with his family and who spent much of his life online becoming skilled at convincing people to give him money, photos and information.

“He scammed me for a little bit of money when I was just a kid,” said Colby Meeds, 19, a Minecraft player who said Mr. Clark stole $50 from him in 2016 by offering to sell him a digital cape for a Minecraft character but not delivering it.


Reached via a brief video call on Sunday from the Hillsborough County Jail in Tampa, Mr. Clark appeared in a black sleeveless shirt, his hair tumbling into his eyes. “What are your questions?” he asked, before pushing back his chair and hanging up. He is scheduled for a virtual court appearance on Tuesday.

Mr. Clark and his sister grew up in Tampa with their mother, Emiliya Clark, a Russian immigrant who holds certifications to work as a facialist and as a real estate broker. Reached at her home, his mother declined to comment. His father lives in Indiana, according to public documents; he did not return a request for comment. His parents divorced when he was 7.

Mr. Clark doted on his dog and didn’t like school or have many friends, said James Xio, who met Mr. Clark online several years ago. He had a habit of moving between emotional extremes, flying off the handle over small transgressions, Mr. Xio said.

“He’d get mad mad,” said Mr. Xio, 18. “He had a thin patience.”

Abishek Patel, 19, who played Minecraft with Mr. Clark, defended him. “He has a good heart and always looks out for the people who he cares about,” he said.

In 2016, Mr. Clark set up a YouTube channel, according to the social media monitoring firm SocialBlade. He built an audience of thousands of fans and became known for playing a violent version of Minecraft called Hardcore Factions, under user names like “Open” and “OpenHCF.”

But he became even better known for taking money from other Minecraft players. People can pay for upgrades with the game, like accessories for their characters.

One tactic used by Mr. Clark was appearing to sell desirable user names for Minecraft and then not actually providing the buyer with that user name. He also offered to sell the capes for Minecraft characters, but sometimes vanished after other players sent him money.


Mr. Clark once offered to sell his own Minecraft user name, “Open,” said Nick Jerome, 21, a student at Christopher Newport University in Virginia. The two messaged over Skype and Mr. Jerome, who was then 17, said he sent about $100 for the user name because he thought it was cool. Then Mr. Clark blocked him.

“I was just kind of a dumb teenager, and looking back, there’s no way I should have ever done this,” Mr. Jerome said. “Why should I ever have trusted this dude?”

In late 2016 and early 2017, other Minecraft players produced videos on YouTube describing how they had lost money or faced online attacks after brushes with Mr. Clark’s alias “Open.” In some of those videos, Mr. Clark, who can be heard using racist and sexist epithets, also talked about being home schooled while making $5,000 a month from his Minecraft activities.

Mr. Clark’s real identity rarely showed up online. At one point, he revealed his face and gaming setup online, and some players called him Graham. His name was also mentioned in a 2017 Twitter post.

Mr. Clark’s interests soon expanded to the video game Fortnite and the lucrative world of cryptocurrencies. He joined an online forum for hackers, known as OGUsers, and used the screen name Graham$. His OGUsers account was registered from the same internet protocol address in Tampa that had been attached to his Minecraft accounts, according to research done for The Times by the online forensics firm Echosec.

Mr. Clark described himself on OGUsers as a “full time crypto trader dropout” and said he was “focused on just making money all around for everyone.” Graham$ was later banned from the community, according to posts uncovered by Echosec, after the moderators said he failed to pay Bitcoin to another user who had already sent him money to complete a transaction.


Still, Mr. Clark had already harnessed OGUsers to find his way into a hacker community known for taking over people’s phone numbers to access all of the online accounts attached to the numbers, an attack known as SIM swapping. The main goal was to drain victims’ cryptocurrency accounts.

In 2019, hackers remotely seized control of the phone of Gregg Bennett, a tech investor in the Seattle area. Within a few minutes, they had secured Mr. Bennett’s online accounts, including his Amazon and email accounts, as well as 164 Bitcoins that were worth $856,000 at the time and would be worth $1.8 million today.

Mr. Bennett soon received an extortion note, which he shared with The Times. It was signed by Scrim, another of Mr. Clark’s online aliases, according to several of his online friends.

“We just want the remainder of the funds in the Bittrex,” Scrim wrote, referring to the Bitcoin exchange from which the coins had been taken. “We are always one step ahead and this is your easiest option.”

In April, the Secret Service seized 100 Bitcoins from Mr. Clark, according to government forfeiture documents. A few weeks later, Mr. Bennett received a letter from the Secret Service saying they had recovered 100 of his Bitcoins, citing the same code that was assigned to the coins seized from Mr. Clark.

It is unclear whether other people were involved in the incident or what happened to the remaining 64 Bitcoins.

Mr. Bennett said in an interview that a Secret Service agent told him that the person with the stolen Bitcoins was not arrested because he was a minor. The Secret Service did not respond to a request for comment.

By then, Mr. Clark was living in his own apartment in a Tampa condo complex. He had an expensive gaming setup, a balcony and a view of a grassy park, according to friends and social media posts.

Two neighbors said that Mr. Clark kept to himself, coming and going at unusual hours and driving a white BMW 3 Series.

On an Instagram account that has since been taken down, @error, Mr. Clark also shared videos of himself swaying to rap music in designer sneakers. He was given a shout-out on Instagram by a jeweler to the hip-hop elite, with a picture showing that Mr. Clark, as @error, had purchased a gem-encrusted Rolex.

Mr. Xio, who became close friends with Mr. Clark, said the April run-in with the Secret Service shook Mr. Clark.

“He knew he was given a second chance,” Mr. Xio said. “And he wanted to work on being as legit as possible.”

But less than two weeks after the Secret Service seizure, prosecutors said Mr. Clark began working to get inside Twitter. According to a government affidavit, Mr. Clark convinced a “Twitter employee that he was a co-worker in the IT department and had the employee provide credentials to access the customer service portal.”

For help, Mr. Clark found accomplices on OGUsers, according to the charging documents. The accomplices offered to broker the sale of Twitter accounts that had cool user names, like @w, while Mr. Clark would enter Twitter’s systems and change ownership of the accounts, according to the filings and accounts from the accomplices.


The hack unfolded on July 15. A few days later, one accomplice, who went by the name “lol,” told The Times that the person they knew as the mastermind began cheating the customers who wanted to covertly buy the Twitter accounts. The hacker took the money and handed over the account, but then quickly reclaimed it by using his access to Twitter’s systems to boot out the client. It was reminiscent of what Mr. Clark had done earlier on Minecraft.

When Mr. Clark’s online acquaintances learned he had been charged with the hack, several said they were not surprised.

“He never really seemed to care about anyone but himself,” said Connor Belcher, a gamer known as @iMakeMcVidz who had previously teamed up on a separate YouTube channel with Mr. Clark before becoming one of his online critics.

Susan Jacobson contributed reporting from Tampa, Fla. Sheelagh McNeil and Jack Begg contributed research.


Author: Kellen Browning

Bill Gates Departs Microsoft Board After Pledging $1.4M to African Blockchain –

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