Archive for the ‘Economics’ Category

Bitcoin bloodbath as China shutters all trading sites

China’s central bank has ruled that all banks and payment service providers in the country must cease dealing in Bitcoin. The ruling, effective from April 15th, basically shutters all Bitcoin trading sites in the Middle Kingdom and means cash purchases will soon be the only way to buy into the virtual currency. via Bitcoin bloodbath […]

OKCoin Raises $10 Million to Become China’s ‘Largest Exchange’

OKCoin has grown rapidly over the past few weeks and is now the biggest Chinese exchange, according to its CEO Star Xu. He claims the exchange’s current daily trade volume is approximately 50,000 bitcoins per day. Interestingly, on top of that, the exchange allegedly trades 5 million litecoins per day. The company claims that at its […]

Singapore to regulate virtual currency exchanges

The city-state says the regulations for transacting digital currencies will be similar to those currently imposed on money changers and remittance businesses that undertake cash transactions. BBC News – Singapore to regulate virtual currency exchanges.

NL High court rules that musicians should get money for every media sold that could copy music onto it

After having lost court case after court case, NORMA has won in the highest courts, saying that it should get money for each form of media – hard disk, ipod, SD Card, basically anything that allows digital content copied to it – in order to ‘pay the artists’ that could, potentially have their music copied […]

How to create your own cryptocurrency

The link has a whitepaper and a generator

Wall Street Survivor – learn how to invest

It’s a huge library of video courses you can take for free. Learn to Invest: Learn how to buy stocks and how to invest.

UK government plans switch from Microsoft Office to open source

UK government plans switch from Microsoft Office to open source | Technology |

Review of the EU copyright rules – Put your word in at the EU now!

All stakeholders are welcome to contribute to this consultation. Contributions are particularly sought from consumers, users, authors, performers, publishers, producers, broadcasters, intermediaries, distributors and other service providers, Collective Management Organisations, public authorities and Member States. The objective of this consultation is to gather input from all stakeholders on the review of the EU copyright rules. […]

Jesse Willms, the Dark Lord of the Internet

Superscammer. And relevant when compared to the wolf of wallstreet!

TSA screening works only ‘a little better than chance,’ according to government report

Summarizing 400 studies over the past 60 years, the report concludes that humans perform only “the same as or slightly better than chance.” Given that the TSA has spent almost a billion dollars on the program, that’s a pretty poor record. This includes extensive studies of the TSA SPOT programme over 2011 & 2012

I Bought an Apartment Just to Rent It Out on Airbnb

In 2012 I bought an apartment specifically to rent out on airbnb. I’ve been managing it remotely for the past year. This post includes everything I learned as well as some revenue numbers

Making Money from Movie Streaming Sites, an Insider’s Story

The gist is pretty simple: drive traffic to sites via links, recieve money (about $1 per 1000 hits) via their affiliate advertising programmes.

bibitel Sim Skin for cheap mobile roaming

These guys have a sticker SIM card which you stick over your existing SIM card. Once you’re roaming, it intercepts the call and re routes it to it’s own services. These are way cheaper than the roaming costs of the company you are using. Once you’re back, you are using your own provider. bibitel :: […]

Biggest patent trolls worried about EU also becoming patent troll heaven

What is the world coming to when the largest patent trolls, namely Apple, MS, and Samsung as well as BlackBerry, Cisco, HP, Intel, Yahoo, Google are trying to reign in new EU laws that would make patent trolling easy? Could it be that even they recognise that the patent system is outmoded and harms innovation […]

Spotify: If musicians don’t give us their stuff they get pirated more • The Register

In a study encompassing torrents, releases to new media and concerts it truns out that if music is not released quickly on legal services like spotify, it is pirated much more often. Register

Bitcoin now subject to US Money-Laundering Rules

Bitcoin will be subject to regulation in the US as it gains in popularity. The article below goes into fearmongering about the potential of Bitcoins to be used by criminals, but forgets to mention that ALL currencies are used by criminals.

Dutch reschool unemployed to COBOL-experts

Considering there is a huge shortage of COBOL programmers, this is an excellent idea!

Crown casino hi-tech scam nets $32 million

A high rolling gambler and his accomplice tapped into the Crown casino video surveillance cctv system and were able to read other players cards. In just 8 hands (!) this led to them winning some $32 million herals sun

“Hacker Fares”: Kayak Helps You Book Two One-WayFlights

Because sometimes that’s cheaper than a return, if you book with different airlines consumerist

IRENA – Global Atlas for Solar & Wind

The Global Atlas is the comprehensive information platform on the potential of renewable energy. It provides resource maps from leading technical institutes worldwide and tools for evaluating the technical potential of renewable energies. It can function as a catalyst for policy development and energy planning, and can support investors in entering renewable energy markets. via […]

The Laffer Curve in Action: Two-thirds of millionaires left Britain to avoid 50p tax rate – Telegraph

Two-thirds of millionaires left Britain to avoid 50p tax rate – Telegraph. This has cost the UK GBP7 billion. They have repealed the laws, but the millionaires are not coming back much.

Software Patents going nuts – Apple & Google spent more on Patent lawsuits than R&D last year

In Technology Wars, Using the Patent as a Sword –

How Apple has a shitload more profit not on the books and not taxed in the US

Apple’s foreign profits are funneled through different countries to reside in a country where there is no or little tax on profits. They don’t pay taxes in the US untill the money is repatriated to the US, but they do mark a portion of the money as being taxed in the US and take that […]

How retail uses numbers to sucker consumers

The 11 Ways That Consumers Are Hopeless at Math – Derek Thompson – The Atlantic.

Payment alternatives to plastic – an interactive map

Not using a credit card is becoming a much more viable method over the internet (22% of the overall e-commerce payments), with iDeal and Paypal, but also many other methods used to pay for porn or gambling. Worldpay has made an interactive map showing the predominance of specific alternative currencies per country. Worldpay Globe Data. […]

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