Bitcoin slumps twenty percent after $65m Bitfinex hack

Bitcoin slumps twenty percent after $65m Bitfinex hack

The Bitfinex heist is the latest is a growing line of high profile heists that are undermining confidence in the crypto currency The price of the virtual currency Bitcoin fell sharply Tuesday after Hong Kong-based digital-currency exchange Bitfinex said it was hacked, resulting in the possible theft of $65 million...

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Governments mull replacing citizens wages with an Universal Basic Income

Governments mull replacing citizens wages with an Universal Basic Income

WHY THIS MATTERS IN BRIEF Today it’s already a fact that more and more jobs are being automated by machines, faced with societal unrest and mass unemployment Governments around the world are now turning to the idea of providing an Universal Basic Income for everyone.   What would you do...

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Facebook Aquila takes to the skies to connect the rest of the world

Facebook Aquila takes to the skies to connect the rest of the world

WHY THIS MATTERS IN BRIEF Only half the world is connected, Facebook’s connecting the other half.   Facebook has achieved the first successful test flight of the Aquila drone, marking another notable milestone in the firm’s efforts to deliver internet access to 4 billion people worldwide who are still off...

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Ethereum community votes to reverse DAO hack

Ethereum community votes to reverse DAO hack

In a landmark decision, the distributed, decentralized community that makes up Ethereum came to a near-unanimous consensus to implement a radical software change, known as a “hard fork.” This has been done in order to prevent a hacker who attacked The DAO and drained nearly $40 million worth of ether,...

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The Hard Fork, D-Day for Ethereum and the DAO

The Hard Fork, D-Day for Ethereum and the DAO

Last month, an unknown attacker drained tens of millions of dollars worth of the digital currency Ether from The DAO, an Ethereum based smart contract aimed at functioning as a funding vehicle for projects in the ecosystem. The incident sparked an effort to effectively roll back the clock and undo...

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Companies are starting to connect the next 4 billion people

Companies are starting to connect the next 4 billion people

WHY THIS MATTERS IN BRIEF Connect another 4 billion people to the internet. Check. Disrupt the communications industry. Check.   Approximately 40% of the world is connected to the internet and of those who aren’t, many are offline for one major reason – connectivity is expensive.     If you think...

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Elon Musk wants his space internet venture to fund a city on Mars

Elon Musk wants his space internet venture to fund a city on Mars

WHY THIS MATTERS IN BRIEF Musk needs to raise $10 Billion to fund his ambitious 2026 Mars flights as well as a Martian City, the profits from this project will help fund his Mars project   Elon Musk doesn’t only plan to bring the whole world online using a fleet...

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