Tag Archives: US news

Split California into three states? Billionaire’s eccentric idea will get a vote

A proposal to divide the state in thirds will appear on the November 2018 ballot but is it more than a stunt? A proposal by the billionaire venture capitalist and Bitcoin investor six pieces, but reportedly paying canvassers $3 per signature. The three new states would be Northern California, roughly comprising the northern half of the state, including San Francisco, Silicon Valley and Sacramento; Southern California, stretching from Fresno to the US-Mexico border; and California, comprising six coastal counties between Los Angeles and Monterey. Tim Draper tried […]

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Bitcoin price plunges after cryptocurrency exchange is hacked

Security fears rise as South Koreas Coinrail loses about 28m of virtual currency There has been a sharp drop in the price of bitcoin and other virtual currencies after South Korean cryptocurrency exchange Coinrail was hacked over the weekend. The worlds best-known cryptocurrency lost $500 (372) in an hour, dropping to $6,627 on the Luxembourg exchange Bitstamp, while most other digital currencies also recorded large losses. The latest attack highlights the lack of security and weak regulation of global cryptocurrency markets. Coinrail later said in a statement […]

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UK dealer charged in US over multimillion-dollar fake Bitcoin site scam

Renwick Haddow created trendy companies and duped investors into thinking they were big successes, authorities in New York allege US authorities on Friday charged a British businessman with securities fraud, accusing him of deceiving investors over what turned out to be a fake trading platform for the cryptocurrency Bitcoin. The Securities and Exchange Commission (SEC) alleged the clandestine Renwick Haddow, a UK citizen living in New York, diverted funds invested in a phoney Bitcoin site as well as from a flexible workspace firm Bar Works into accounts […]

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Ripple: cryptocurrency enjoys end-of-year surge – but will it endure?

Ripple, also known as XRP, peaks at more than $100bn and surpasses Ethereum to become second most valuable cryptocurrency after bitcoin If 2017 was the year of bitcoin, the pioneering cryptocurrency that neared $20,000 in December, will 2018 be the year of Ripple? The market value of Ripple, also known as XRP, rose more than 50% on Friday, to a record $85bn. Ripple continued to climb over the weekend, peaking at over $100bn, and now surpasses Ethereum ($72bn) as the second most valuable cryptocurrency after bitcoin ($237bn). […]

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Man buys $27 of bitcoin, forgets about them, finds they’re now worth $886k

Bought in 2009, currency's rise in value saw $27 turn into enough to buy an apartment in a wealthy area of Oslo. By Samuel Gibbs The meteoric rise in bitcoin has meant that within the space of four years, one Norwegian mans $27 investment turned into a forgotten $886,000 windfall. Kristoffer Koch invested 150 kroner ($26.60) in 5,000 bitcoins in 2009, after discovering them during the course of writing a thesis on encryption. He promptly forgot about them until widespread media coverage of the anonymous, decentralised, peer-to-peer […]

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Massive ransomware cyber-attack hits nearly 100 countries around the world

More than 45,000 attacks recorded in countries including the UK, Russia, India and China may have originated with theft of cyber weapons from the NSA A ransomware cyber-attack that may have originated from the theft of cyber weapons linked to the US government has hobbled hospitals in England and spread to countries across the world. Security researchers with Kaspersky Lab have recorded more than 45,000 attacks in 99 countries, including the UK, Russia, Ukraine, India, China, Italy, and Egypt. In Spain, major companies including telecommunications firm Telefnica […]

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Bitcoin price soars above $5,000 to record high

Rising price of the cryptocurrency, now worth four times as much as an ounce of gold, has led to warnings of a bubble The price of bitcoin has smashed through $5,000 to an all-time high. The cryptocurrency rose by more than 8% to $5,243 having started the year at $966. Bitcoin has soared by more than 750% in the past year and is worth four times as much as an ounce of gold. But the price has been volatile. The digital currency plunged below $3,000 in mid-September […]

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From hope to hate: how the early internet fed the far right

The early days of the internet were full of hope: limitless information would make us wiser, kinder, less bigoted. So when did hate get a foothold? Back in 1990, the American lawyer and author Mike Godwin proposed a law of early internet behaviour: “As an online discussion grows longer, the probability of a comparison involving the Nazis or Hitler approaches 1.” In short, the more you talk online, the more likely you’ll be nasty. Godwin’s Law was in fact only half the story: it turns out talking […]

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Wikipedia founder to fight fake news with new Wikitribune site

Crowdfunded online publication from Jimmy Wales will pair paid journalists with army of volunteer contributors Jimmy Wales, the co-founder of Wikipedia, is launching a new online publication which will aim to fight fake news by pairing professional journalists with an army of volunteer community contributors. Wikitribune plans to pay for the reporters by raising money from a crowdfunding campaign. Wales intends to cover general issues, such as US and UK politics, through to specialist science and technology. Those who donate will become supporters, who in turn will […]

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