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12.11.17

“The real danger is not that computers will begin to think like men, but that men will begin to think like computers.”
- Sydney Harris




 

Bitcoin Futures Start With a Bang as 26% Rally Triggers Halts  Futures on the world’s most popular cryptocurrency surged as much as 26 percent from the opening price in their debut session on Cboe Global Markets Inc.’s exchange, triggering two temporary trading halts designed to calm the market. - Bloomberg

N.Korea: Blockade would be 'declaration of war'  North Korea said Sunday that a maritime blockade would be a declaration of war, in reference to one of the new sanctions the United States mentioned it could impose on Pyongyang. - Seeking Aplha

Saudi Arabia Lifts Decades-Old Ban on Movie Theaters  Saudi Arabia lifted a decades-old ban on movie theaters on Monday, in a move that opens the conservative kingdom to Hollywood-style entertainment. Saudi Arabia’s ministry of culture and information said commercial cinemas will start operating in early 2018 and by 2030 the kingdom expects to have 300 cinemas with over 2000 screens. - Wall Street Journal

Former Facebook exec says social media is ripping apart society  Another former Facebook executive has spoken out about the harm the social network is doing to civil society around the world. Chamath Palihapitiya, who joined Facebook in 2007 and became its vice president for user growth, said he feels “tremendous guilt” about the company he helped make. - The Verge

Apple is buying Shazam at a big discount  Apple plans to buy Shazam, the song-recognition company, for hundreds of millions of dollars. The deal, which could be announced as soon as next week, is expected to value the company at around $400 million. That price would be a significant discount from its last round of funding, which valued the company at around $1 billion in 2002. - Recode

U.S. citizen on the run after busting out of Bali prison  Indonesian police are hunting for a U.S. citizen who escaped on Monday from an overcrowded prison on the holiday island of Bali by cutting through steel bars in a ceiling, the jail’s second breakout of foreign inmates this year. - Reuters

6-year-old made $11 million in one year reviewing toys on You Tube A six-year-old named Ryan who plays with and reviews toys, has become a multi-millionaire, according to Forbes magazine’s just-out list of highest paid YouTube entrepreneurs. He was ranked number eight, having brought in $11 million in revenue between June 1, 2016 and June 1, 2017, before management fees and taxes. - Washington Post

How much did it actually cost to build Apple Park?  The “spaceship” of Silicon Valley has landed in Cupertino, but the question remains: How much did it cost to build? Construction data and analytics startup BuildZoom estimated in October that the new Apple campus cost more than $1.1 billion, based on the building permits. - Mercury News
 
  Coinbase: The Heart of the Bitcoin Frenzy

"The booming stock market of the 1920s had the New York Stock Exchange. The tech bubble of the 1990s had Nasdaq and E-Trade. And the virtual currency market of the last year has had Coinbase."

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