A small town three hours east of Seattle is turning into the epicenter of bitcoin mining in the United States. Wenatchee, Washington is home to a dozen of the largest bitcoin and cryptocurrency miners in the country. And the head of the local power utility, Steve Wright, says another 75 have inquired about coming here […]
Read moreVenture capitalist Peter Thiel has made an offer for Gawker, hoping to overcome legal hurdles and rival bidders for the online news site the billionaire helped shutter by funding litigation against it, people familiar with the matter said on Thursday. Gawker, which has been inactive for more than a year, is conducting an auction of […]
Read moreReal estate agent Tony Giordano knows high-end real estate, and he has made it his business to know cryptocurrencies, because that is fast becoming his business. The crypto craze has made new millionaires, many of whom are looking for ways to reinvest their gains. Real estate is a logical, less volatile asset. So Giordano, who […]
Read moreBitcoin‘s application as a form of real money is likely easier said than done, according to a new report from Goldman Sachs. In a report exploring the cryptocurrency as money in the classic sense, the firm said that while bitcoin could hypothetically thrive as we see the dollar, yen or euro, it would likely face […]
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Artec Europe makes handheld scanners and software to capture and create accurate, digital models of all sorts of objects. The Luxembourg-based company’s technology is primarily used for making fast prototypes in industrial design and mechanical engineering. But they are also used to replicate things that are no longer being built. After all, it’s hard to […]
Read moreElon Musk may yet convince skeptics that an electric semitrailer is a better buy than diesel. Tesla has said its electric truck will save owners money over diesel trucks over time, but skeptics so far have expressed doubts and have clamored for more data and validation. A new report from Piper Jaffray suggests Tesla Semi […]
Read moreEx-financial regulator wishes he invested in bitcoin back when he was telling everyone to be careful
A former financial regulator said Thursday that he wished he had invested in bitcoin and other popular cryptocurrencies back when he was telling everyone to be careful. Bart Chilton, a former commissioner of the Commodity Futures Trading Commission, says he’s been calling for cryptocurrency regulation since 2012. In the fall of 2017, when the price […]
Read moreDropbox has secretly filed to go public in the first half of this year, according to a Thursday Bloomberg report. The cloud company, last valued at $10 billion, hired Goldman Sachs and J.P. Morgan to handle the U.S. offering, according to Bloomberg. Dropbox was not immediately available to comment on the report. With annualized sales […]
Read moreConsumer hardware guru Tony Fadell is doubling down on his call for tech companies to provide better tools to manage digital addiction. “Apple is at the core of this, and so is Google,” Fadell said to CNBC’s “Squawk Alley” on Thursday. “They should be able to give us back a ‘day in the life’ of […]
Read moreThe world may not be ending for digital currencies after all. South Korea’s Justice Minister Park Sang-ki said on Thursday that a bill is being prepared to ban all cryptocurrency trading on the country’s exchanges, which drove digital currency prices sharply lower. The price of bitcoin tumbled more than 12 percent from its day’s high […]
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