Bitcoin Could Either Become Preferred Currency For International Trade Or Face a ‘Speculative Implosion,’ Citi Says

An anonymous reader quotes a report from Reuters: Bitcoin rose nearly 7% on Monday as risk assets rallied after last week’s bond rout cooled, with Citi saying the most popular cryptocurrency was at a “tipping point” and could become the preferred currency for international trade. With the recent embrace of the likes of Tesla and Mastercard, bitcoin could be at the…

Dropping Nearly 20%, Bitcoin Suffers Worst Weekly Drop in a Year

“Bitcoin’s rally this year has hit a speed bump, putting it on track for the worst weekly slide in almost a year amid wider losses in risk assets,” reports Fortune: The largest cryptocurrency slumped as much as 20% this week, the most since March, and was holding at about $46,925 as of 10:22 a.m. in Hong Kong. The wider Bloomberg Galaxy…

Best Buy Lays Off 5,000 Workers, Will Close More Stores

Best Buy said it laid off 5,000 workers this month and is planning to close more stores this year as more consumers buy electronics online. From a report: The news comes at a time when big chains face growing competition from Amazon and other sites that sell items like TVs and laptops. Fry’s Electronics said Wednesday that it would abruptly close…

Why an Animated Flying Cat With a Pop-Tart Body Sold for Almost $600,000

In the 10 years since Chris Torres created Nyan Cat, an animated flying cat with a Pop-Tart body leaving a rainbow trail, the meme has been viewed and shared across the web hundreds of millions of times. On Thursday, he put a one-of-a-kind version of it up for sale on Foundation, a website for buying and selling digital goods. In the…

Facebook Is Considering Facial Recognition For Its Upcoming Smart Glasses

Facebook is discussing building facial recognition into its upcoming smart glasses product and has been weighing the legal implications of the controversial technology, Buzzfeed News reported citing remarks from executives at an internal meeting Thursday. From a report: During a scheduled companywide meeting, Andrew Bosworth, Facebook’s vice president of augmented and virtual reality, told employees that the company is currently assessing…

Facebook, WhatsApp and Twitter Face New Rules in India

India is establishing new rules to govern internet firms like Facebook, WhatsApp and Twitter, [Editor’s note: the link may be paywalled; alternative source] a fresh challenge for the American giants in a huge market that is key to their global expansion. From a report: The new guidelines, unveiled Thursday, say that in order to counter the rise of problematic content online…

Best observing targets for binoculars

What are the best solar system and deep-sky objects to view to get the most out of your binoculars? From moon-encircled worlds to starry knots in the Milky Way, our list makes the sky’s wonders easy to find. Source: https://earthsky.org/astronomy-essentials/best-targets-for-binoculars-moon-planets-nebula-clusters…

Do we all see the same moon phase?

No matter where you are on the globe, we all see the same moon. So why do photos from a distant location sometimes look different from what you’re seeing? Source: https://earthsky.org/astronomy-essentials/do-we-all-see-the-same-moon-phase…