Patrick Ozoh (PhD)

A new version of a classic online scam is percolating on Twitter. And while anyone even halfway paying attention likely wouldn't fall for it, the trick has already raked in thousands of dollars of ethereum and bitcoin in less than a week. The scheme itself is pretty straightforward: Attackers make Twitter handles that closely mimic the verified accounts of well-known figures like Elon Musk, John McAfee, or Ethereum cofounder Vitalik Buterin. Then they respond to one of those genuine tweets, giving the appearance of having started a thread, in which they claim that they'll send a significant quantity of cryptocurrency (like 2 bitcoin) to anyone who sends a smaller amount of currency (like 0.02 bitcoin) to a particular wallet. Yup, that's it. As of publication, you can see new attempts popping up on Twitter every few minutes. "It's like a social media impersonation mixed with a classic Nigerian prince scam," says Crane Hassold, a threat intell...

Google is buying New York City landmark Chelsea Market for a cool $2 billion, The Real Deal reports. The tech company already leases 400,000 square feet, making it the building's largest tenant: Other businesses in the building include the Food Network and Major League baseball, as well as a bustling and popular food hall. Google already has a significant real estate footprint in Chelsea: When the company bought its current New York City headquarters in 2010, it paid a then-record $1.77 billion, Business Insider reports. Google's purchase is one of a number of moves by Silicon Valley giants into big cities, including Apple on Chicago's waterfront and Amazon's much anticipated second headquarters Quartz says.

Written by Chief Editor, Kiwi Wealth News Market volatility is normal First things first – it’s important to remember that it’s normal for markets to go up and down. Whilst it’s concerning for KiwiSaver members when markets fall, it’s all part of the natural cycle that markets go through. This cycle is driven by a lot of factors, including economic data, politics and company performance. Investor emotion - namely fear and greed – can also be a big driver of markets in the short-term. Investors often react to negative headlines, and panic, selling their investments and causing prices and markets to fall. Once prices drop low enough, investors become greedy again, start buying and markets become more buoyant. The fear KiwiSaver members might have around losing money on their investment is normal. And the urge to do something to combat that fear – like switching investment funds - is also normal...