There are plenty monies in the news this week; lost, gained, invested and being contested in court. Read on for more.
On Wednesday according to CoinMarket Cap, Bitcoin surged past $3,000 in 36 hours to reach a $15,920 mark. In other unsavoury news, NiceHash a company that mines Bitcoin for its customers has lost over $60 million in a hack on its systems. Even though the company initially denied knowledge of the value, CNBC reports they later admitted to losing over 4,700 bitcoins worth roughly around $68 million. This is not the first time bitcoin will be ‘lost’ in this magnitude.
In November $280 million worth of ether was reportedly frozen in wallets by a ‘bug’ in what appeared to be a hack on a bitcoin wallet provider.
In more frightening news, Tech Insider reports an environmentally damaging downside to Bitcoin mining that will shock you.
Japanese internet corporation SoftBank will reportedly make a multibillion dollar tender offer in Uber and if their deal is not accepted, threatened to switch attention to rival Lyft. Meanwhile Lyft has received a significant investment from Fidelity, a shareholder in rival Uber.
On the autonomous vehicle front, from Wednesday according to Fortune, passengers in Boston will be able to hail a self-driving car from their Lyft apps. The cars won’t be totally driverless, but it feels like Lyft is winning this undeclared ‘War of the Cabs’, don’t you think?
Facebook’s minimum age limit is 13 yet underage users still somehow twist their way into the blue world. In a bid to remedy this, on Monday Facebook launched Messenger Kids a standalone app that will make parents have full control over who their children befriend or talk to on Facebook.
Apparently this is the season of separation and standalone apps for the Facebook family as Instagram is reportedly getting its own separate messaging app that will be a shameless Snapchat clone.
Google vs Oracle
For many years now, these tech giants have battled in the courts with Oracle demanding billions of dollars in settlement for lines of code from Java it alleges are in Google’s Android OS. (It really isn’t that simple, but you get the point)
Recently, Oracle tried again to get an appeal and make Google pay up for these expensive lines of codes. See more of the messy details here.