China is on a massive bitcoin buying spree, with the US and Brazil coming in a distant second and third. Fiatleak has a live map. Bitcoin is currently trading at $902. Last year at this time it was trading at $424.
Experts said the rise in value was linked to the long-term depreciation of the Chinese Yuan.
The Chinese currency has dropped about 7% in value during 2016, said Reuters. The majority of Bitcoin currency trading takes place in China as it allows people to skirt restrictive local laws that limit how much money Chinese people can swap.
The US Marshals, the agency tasked with the management of criminal assets, should have held onto the bitcoin they’ve seized. According to security company CEO Jameson Lopp’s US Marshals Bitcoin Auction realtime schadenfreude tracker the weak hands at the federal law enforcement agency have resulted in missing $1.7 billion in potential gains. From Decrypt: Of […]
It costs $1 in bitcoin to receive an in-game life on the SatoshiQuest Minecraft server. From there, you can start looking for bitcoin treasure (equal to 90% of the money collected from all the players) hidden within the blocky simulated world. From Coindesk: The first round of SatoshiQuest began on Jan. 26 and the game […]
Yesterday's column by John Naughton in the Observer revisited Nathan Myhrvold's 1997 prediction that when Moore's Law runs out -- that is, when processors stop doubling in speed every 18 months through an unbroken string of fundamental breakthroughs -- that programmers would have to return to the old disciplines of writing incredibly efficient code whose […]
With so many manufacturers out there these days, it’s tough to know who to trust in the ultra-competitive wireless earbuds market. If you’ve never heard of LinearFlux, you may soon. That’s because it’s a company with a stellar pedigree whose co-founders were two of the engineers behind the original success of two audio houses you […]
Two-thirds of American adults drink coffee every day. On average, they’re each drinking about three cups per day, which works out to nearly 400 million cups downed each and every day. We don’t have stats on what percentage of those cups are God awfully bad, but you have to assume with so many ways to […]
For those with a writing flair, the thought of building a career as a professional copywriter should probably have some appeal. Thankfully, it’s also an in-demand job skill with the average copywriter making a healthy $60,000 a year for their efforts. But even if you have a way with words, you still need the industry […]