Tag: Bust

Massive dark web bust seizes $6.5 million from 179 alleged drug dealers

The US Justice Department announced the largest dark web bust it has ever helped carry out, seizing more than 1,100 pounds of drugs from 179 alleged online dealers around the world. The US worked with police in Europe to carry out the investigation, seizing more than $6.5 million in cash and virtual currencies. 



a plastic bag: As part of Operation DisrupTor, the Los Angeles Joint Criminal Opioid Darknet Enforcement team confiscated about 120 pounds of methamphetamine, 15 pounds of MDMA and five firearms in mid-February. Operation DisrupTor


© Provided by CNET
As part of Operation DisrupTor, the Los Angeles Joint Criminal Opioid Darknet Enforcement team confiscated about 120 pounds of methamphetamine, 15 pounds of MDMA and five firearms in mid-February. Operation DisrupTor

Operation DisrupTor — named after the private web browser Tor frequently used to access the dark web — was led by police in Germany, along with US law enforcement agencies and Europol. 

Loading...

Load Error

The majority of the arrests took place in the US with 121 cases, followed by 42 cases in Germany, eight cases in the Netherlands, four cases in the

Read More

Why one stock-market bull thinks it’s ‘pretty absurd’ to compare tech selloff to 2000’s dot-com bust

This isn’t Pets.com 2.0.


Getty Images

History isn’t repeating itself when it comes to the highflying technology stocks sector, despite a sudden round of jitters following the Nasdaq’s quick tumble into correction territory this month after a breakneck rally off the pandemic-induced March lows, according to one longtime Wall Street bull.

“After a 62% price run-up in technology stocks since the March lows, all it took was a three-day, 11.4% selloff to shake the confidence of investors and incite renewed fears of a severe and prolonged price decline comparable to the dot-com bubble,” said Brian Belski, chief investment strategist at BMO Capital Markets, in a Thursday note.

Read: The only path to a sharply higher stock market ‘is a bubble like the late 1920s and 1990s,’ says analyst who called rally off March lows

Belski said he found the “constant comparisons to the early 2000s pretty absurd given the significant

Read More

Why one stock-market bull thinks it’s ‘pretty absurd’ to compare tech selloff to 2000’s dot-com bust

THE TELL

Loading...

Load Error

Getty Images

History isn’t repeating itself when it comes to the highflying technology stocks sector, despite a sudden round of jitters following the Nasdaq’s quick tumble into correction territory this month after a breakneck rally off the pandemic-induced March lows, according to one longtime Wall Street bull.

“After a 62% price run-up in technology stocks since the March lows, all it took was a three-day, 11.4% selloff to shake the confidence of investors and incite renewed fears of a severe and prolonged price decline comparable to the dot-com bubble,” said Brian Belski, chief investment strategist at BMO Capital Markets, in a Thursday note.

Read: The only path to a sharply higher stock market ‘is a bubble like the late 1920s and 1990s,’ says analyst who called rally off March lows

Belski said he found the “constant comparisons to the early 2000s pretty absurd given the significant

Read More

App-Based Contact Tracing Has Been a Bust. Apple Wants to Try Something New.

This article is part of Privacy in the Pandemic, a Future Tense series.



a hand holding a cell phone screen with text: Virginia launched the first U.S. app using Apple-Google coronavirus notification technology. Now Apple is trying something different. Olivier Douliery/AFP via Getty Images


© Provided by Slate
Virginia launched the first U.S. app using Apple-Google coronavirus notification technology. Now Apple is trying something different. Olivier Douliery/AFP via Getty Images

So far, attempts to use apps for contact tracing in the U.S. have largely fallen flat. Each state has had to decide whether to issue an app at all, and then what kind of system to use. States that have created apps have struggled to get people to download them at all. But Apple is hoping it might change things.

Loading...

Load Error

Last week, Apple released iOS 13.7 with built-in support for a new coronavirus contact tracing system. Unlike previous efforts to leverage smartphones for contact tracing, this built-in system doesn’t require you to use an app issued by your state. A notification will appear on iPhones that the tool

Read More