Category Archives: Money

Gut microbes predict undernutrition

Gut microbes may predict whether or not children will suffer undernutrition as they grow, according to a study with twins in Malawi. Tens of trillions of microbes live in the gut, where they synthesize vitamins and process nutrients in the diet to keep the body healthy. These microbes and their genes, collectively known as the… Read More »

PayPal hack discoverer paid $10,000 bounty

A vulnerability that would have enabled a hacker to completely bypass the authentication system in PayPal has been patched, resulting in a $10,000 bounty for the white-hat that found it. Worth every penny, too: the flaw put 150 million PayPal customers in danger of having their account hijacked with a low-effort, simple gambit. The flaw… Read More »

Bitcoin near total collapse?

A major bitcoin exchange based in Japan has gone bust after secretly racking up catastrophic losses, a potentially fatal blow for the exotic new form of money. (Feb. 25, 2014) It was supposed to revolutionize the global monetary system. Instead, the bitcoin virtual currency that has captured the imagination of investors and financiers is on… Read More »

Blue Diamond ‘Worth Tens Of Millions’ Discovered

A massive diamond with a possible price tag of more than £36m has been discovered at a mine in South Africa. The 29.6 carat blue diamond, described as being “exceptional”, was dug up at the Cullinan mine near Pretoria – owned by Petra Diamonds. Chief executive Johan Dippenaar said: “The stones in the last year… Read More »

Well, Bitcoin is crashing

… It had to happen some time: Bitcoin is crashing. The price of the crypto-currency tumbled nearly 21 percent on Friday to $877.46 on trading site Mt. Gox and has fallen more than 29 percent since closing at a record high of $1,237.96 on Wednesday, according to Bitcoin data tracker BitcoinCharts.com. (Story continues after chart,… Read More »

Someone Just Bought $148 Million Worth Of Bitcoin

Someone just transacted $148 million worth of Bitcoin. That’s about 195,000 Bitcoins. We say transacted because there is no way of knowing whether any money actually changed hands. The Bitcoins were transferred from several Blockchain “addresses” to another single address. Addresses are basically routing numbers, and an individual’s Bitcoin wallet can contain multiple addresses. So… Read More »

Bank of America found liable in US mortgage fraud trial

Bank of America’s Countrywide Financial unit has been found liable for defrauding two US government-backed mortgage companies by a federal jury.Countrywide, which was acquired by Bank of America in 2008, was accused of selling thousands of defective loans to Fannie Mae and Freddie Mac. The ruling is a major win for the US government, which… Read More »

US Government Being Sued for Tax Fraud

One private citizen in Georgia has reportedly filed a civil suit recently against the government for tax fraud. No attorney contacted has accepted an assistance request, saying, “[I] have never heard of this kind of suit.” …if any response was given at all. The plaintiff who has not commented publicly is rowing the boat on… Read More »

Oregon bartender gets $17,500 tip

One of Aurora Kephart’s regulars at Conway’s Restaurant and Lounge in Springfield often tips her with Keno tickets from the Oregon Lottery. On Tuesday evening, the man who wishes to remain anonymous asked Kephart to choose two. When she checked the numbers, Kephart’s first ticket won $5. The second turned into a $17,500 gratuity. “The… Read More »