Prediction markets' failure to call an LA primary correctly raised the possibility they can be manipulated to exaggerate the amount of support candidates have.
Gamble on democracy: Inside suspicious election-contracts trading on prediction markets
Source: CNBC
Original reporting
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The Guardian
Mercury, lead and methanol found in counterfeit beauty products seized across UK
Copies of popular cosmetics and skincare products more likely to contain toxic substances, Trading Standards warns Mercury, lead and methanol have been found in counterfeit beauty products seized across the UK, Trading Standards has said. There is a rising problem with fake beauty products, with scammers selling copies of popular and expensive brands. Cosmetics, skincare and perfumes are now among the watchdog’s most commonly investigated fakes. Continue reading...
CNBC
Starbucks sales miss expectations, but its U.S. turnaround is gaining steam
Starbucks' U.S. stores topped Wall Street's comparable sales expectations but its international business fell short of estimates.
CNBC
'Bad time to troll': Binance cofounder Changpeng Zhao asks Elon Musk for 'respect' after post about bitcoin hack
Binance co-founder Changpeng Zhao asked Elon Musk to stop “trolling” after a $6.3 billion hack, pointing to Binance’s $1 billion-plus SpaceX stake.
The Guardian
Binance hackers using ‘never-seen-before laundering patterns’ to hide proceeds of $6.3bn heist – business live
Blockchain intelligence firm TRM says North Korea’s TraderTraitor hacking unit is responsible for the largest crypto theft on record Explainer: How big a deal is the $6.3bn crypto heist, who did it, and are investments safe? Tell us: have you been affected by the Binance hack? North Korean group blamed for $6.3bn Binance hack in biggest ever crypto heist Most major cryptocurrencies have fallen in value since news of the Binance theft broke, Coinmarketcap data shows . That includes: Bitcoin : -2.35% over the last 24 hours, to $77,940 Ethereum : -3.6%, to $2,227 BNB : -5.6%, to $706 Solana : -2.67%, to $97 Chainlink : -3.1%, to $11.02 Temporarily suspended withdrawals while we complete a security revamp of the withdrawal service and its related addresses Revoked the affected address authorizations Engaged law enforcement and blockchain intelligence partners to trace and recover funds Our t
The Guardian
How big a deal is the $6.3bn crypto heist, who did it, and are investments safe?
The theft from Binance could be the biggest theft of any kind in history. We answer some key questions North Korean group blamed for $6.3bn crypto heist Tell us: have you been affected? The world’s largest cryptocurrency exchange has been hit by a $6.3bn heist that, according to experts, is likely to be the work of North Korea . This is not the first time a crypto market has been targeted by hackers, and the rogue state has a track record of this type of theft. Here we answer some key questions about what’s happened: Continue reading...
CNBC
Hackers steal $6.3 billion from Binance in biggest-ever cryptocurrency theft
The company later added it began recovering assets impacted by the breach after pledging to cover losses using its Secure Asset Fund for Users.