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Bitcoin

Arizona Introduces Bill That Would Allow Residents To Pay Taxes In Bitcoin (investopedia.com) 109

In a bid to attract businesses involved in blockchain and cryptocurrencies, Arizona lawmakers have proposed a bill that would allow the state's citizens to pay their taxes in bitcoin. "Arizona State Rep. Jeff Weninger, who introduced the bill, said it was a signal to everyone in the United States, and possibly throughout the world, that Arizona was going to be the place to be for blockchain and digital currency technology in the future," reports Investopedia. From the report: Weninger, a Republican, also cited the ease of making online payments through the cryptocurrency "while you're watching television," as another reason. But he did not divulge much detail about the implementation of such a system. That might be the reason why Weninger faces an uphill battle in getting the bill approved by the state legislature. Bitcoin's price volatility is already being cited as a possible roadblock to implementing such a measure by state legislators. Arizona state senator Steve Farley, a Democrat who's running for governor, said the bill puts the "volatility burden" of bitcoin's price on taxpayers who make payments in U.S. dollars. "It would mean that the money goes to the state and then the state has to take responsibility of how to exchange it," Farley said.
Businesses

Google's Parent Company Alphabet Is Buying Chelsea Market For $2 Billion (qz.com) 29

Alphabet is close to acquiring the iconic Chelsea Market in Midtown Manhattan for over $2 billion. The market totals 1.2 million square feet and sits across the street from the company's New York headquarters, a 2.9 million-square-foot building that it bought for $1.8 billion in 2010. Quartz reports: Google is already the Market's largest tenant, having steadily expanded its footprint to about 400,000 square feet. The tech giant hasn't revealed plans for the property, but according to The Real Deal, the company is expected to maintain the status quo. Alphabet's aggressive expansion in New York follows a growing trend of tech giants taking over cities. With their outsized share of the economy, tech companies are exerting increasing influence over urban infrastructure and development.
Businesses

Detroit Quietly Bans Airbnb (curbed.com) 197

A new zoning ordinance that quietly went into effect this week has residents trying to figure out what comes next for Airbnb's presence in Detroit. Many hosts have received notices that the city has outlawed Airbnb for R1 and R2 zoning. Curbed Detroit reports: The new zoning ordinance apparently went through the Planning Commission and City Council in 2017, and went into effect this week. The text added to the amendment states: "Use of a dwelling to accommodate paid overnight guests is prohibited as a home occupation; notwithstanding this regulation, public accommodations, including bed and breakfast inns outside the R1 and R2 Districts, are permitted as provided in Sec. 61-12-46 of this Code." The vast majority of Airbnb units in Detroit are in R1 and R2 districts. These do not include places like lofts, apartments, or larger developments. Airbnb has issued a statement saying: "We're very disappointed by this turn of events. Airbnb has served as an economic engine for middle class Detroiters, many of whom rely on the supplemental income to stay in their homes. We hope that the city listens to our host community and permits home sharing in these residential zones."
The Almighty Buck

Tesla Burns Through $2 Billion In 2017 (theverge.com) 188

An anonymous reader quotes a report from The Verge: Tesla reported record revenue for 2017, floated by customer deposits of the recently announced Semi truck and Roadster sports car. Despite its optimistic sales numbers, Model 3 production issues and cash flow problems haunt the company, but Tesla insists its on track to meet its production goals of 5,000 cars a week by mid-2018. Tesla reported $3.3 billion in revenue, which was expected, but also posted a $771 million quarterly loss -- its largest quarterly loss ever. The company reported a negative free cash flow of $276.7 million. And it reported a net loss of $2.24 billion in 2017, a significant increase over the $773 million net loss it reported in 2016.
Bitcoin

Bitcoin Won't Be the Dark Web's Top Cryptocurrency For Long (cnet.com) 79

Bitcoin has essentially become the poster child for cryptocurrencies, and that's a problem for cybercriminals dealing on the dark web. From a report: Researchers from Recorded Future, a threat intelligence company, looked through 150 of the dark web's top marketplaces and forums and found that bitcoin's boom is driving shady characters away from the cryptocurrency. The rise of bitcoin has brought cryptocurrency -- digital alternatives to government-issued money -- to the mainstream, enticing people who are looking to get rich quick. Last December, bitcoin hit its all-time high at nearly $20,000, but it has since slumped and as of Thursday is trading at a little over the $8,000 mark. But before it was a massive investment that millionaires bought, it was the dark web's currency of choice, thanks to its decentralized and anonymous structure.
Businesses

Salaries For Workers in Technology Roles, Including Software Engineers and Product Managers, Peak Around Age 45 (hired.com) 206

A report released on Thursday by the job marketplace Hired reveals that salaries for workers in technology roles, including software engineers, product managers, and data analysts, peak around age 45. After that, earnings level off or drop until retirement. According to the report, the average salary of US technology workers is about $135,000, with the highest pay in the San Francisco area.
Google

Google Executives Are Floating a Plan To Fight Fake News on Facebook and Twitter (qz.com) 305

Fake news, bots, and propaganda were hot topics at the World Economic Forum meeting in Davos last month, and Google executives there floated an intriguing idea to some fellow attendees -- what if the company could tell users whether information is trustworthy before they shared it on social networks like Facebook and Twitter? From a report: Representatives from Google and its parent company Alphabet eagerly discussed how the company can play a greater role in reducing misleading information online, several Davos attendees involved in and briefed on these conversations told Quartz. A notification system, perhaps via an optional extension for Google's Chrome browser, was an idea that these people said was broached more than once. Such a browser-based system controlled by Google could alert users on Facebook's or Twitter's websites when they're seeing or sharing a link deemed to be false or untrustworthy. Right now, this appears to be merely an idea company executives are discussing, not a product in development.
Businesses

Anti-China Bill Being Softened After US Companies Complain (reuters.com) 71

Proposed legislation in Congress aimed at preventing China from acquiring sensitive technology is being softened after protests by big U.S. companies who fear a loss in sales, Reuters reported on Thursday, citing people with knowledge of the matter. From the report: Two bills in the House of Representatives and Senate would broaden the powers of the inter-agency Committee on Foreign Investment in the United States (CFIUS) in hopes of stopping Chinese efforts to acquire sophisticated U.S. technology. The bipartisan legislation has the support of President Donald Trump's administration. "We are concerned that it vastly expands the scope and jurisdiction (of CFIUS)," said Nancy McLernon, chief executive of the Organization for International Investment, a group that represents global companies with U.S. operations. Given the alarm that the legislation has caused, Senator John Cornyn's staff is drafting changes to address industry concerns, according to three sources. Cornyn's office did not respond to a request for comment.
Wikipedia

Wikipedia Has Become a Science Reference Source Even Though Scientists Don't Cite it (sciencenews.org) 140

Bethany Brookshire, writing for Science News: Wikipedia is a gold mine for science fans, science bloggers and scientists alike. But even though scientists use Wikipedia, they don't tend to admit it. The site rarely ends up in a paper's citations as the source of, say, the history of the gut-brain axis or the chemical formula for polyvinyl chloride. But scientists are browsing Wikipedia just like everyone else. A recent analysis found that Wikipedia stays up-to-date on the latest research -- and vocabulary from those Wikipedia articles finds its way into scientific papers. The results don't just reveal the Wiki-habits of the ivory tower. They also show that the free, widely available information source is playing a role in research progress, especially in poorer countries.
Bitcoin

Attackers Drain CPU Power From Water Utility Plant In Cryptojacking Attack (eweek.com) 76

darthcamaro writes: Apparently YouTube isn't the only site that is draining CPU power with unauthorized cryptocurrency miners. A water utility provider in Europe is literally being drained of its CPU power via an cryptojacking attack that was undetected for three weeks. eWeek reports: "At this point, Radiflow's (the security firm that discovered the cryptocurrency mining malware) investigation indicates that the cryptocurrency mining malware was likely downloaded from a malicious advertising site. As such, the theory that Radiflow CTO Yehonatan Kfir has is that an operator at the water utility was able to open a web browser and clicked on an advertising link that led the mining code being installed on the system. The actual system that first got infected is what is known as a Human Machine Interface (HMI) to the SCADA network and it was running the Microsoft Windows XP operating system. Radiflow's CEO, Ilan Barda, noted that many SCADA environments still have Windows XP systems deployed as operators tend to be very slow to update their operating systems." Radiflow doesn't know how much Monero (XMR) cryptocurrency was mined by the malware, but a recent report from Cisco's Talos research group revealed that some of the top un-authorized cryptocurrency campaigns generate over a million dollars per year. The average system would generate nearly $200,000 per year.
Media

US Suicides Spiked 10 Percent After Robin Williams's Death, Study Finds (bbc.com) 245

dryriver shares a report from the BBC: U.S. suicide rates spiked in the months after Robin Williams killed himself in 2014, according to researchers. In the five months after the actor's death there were 10% more suicides than might be expected, or 1,841 extra cases, PLOS One journal reports. The potential risk of copycat incidents after celebrity cases is known to public health bodies. It cannot be known for certain if his death led to the spike but it appeared to be connected, the new study said. Experts say "irresponsible" media coverage of suicides can play a big part in copycat cases. At the time of his death, the Samaritans warned about a large number of news articles giving too much detail about the nature of his suicide, against media guidelines. Guidance from the World Health Organization, the Independent Press Standards Organization's editors' code of practice, the Ofcom broadcasting code and the BBC's editorial guidelines all advise against going into explicit detail about the methods used. However, researchers said there was "substantial evidence" that many media outlets had tended to deviate from these guidelines.

For the latest study, they looked at the monthly suicide rates from the U.S. government Centers for Disease Control and Prevention between January 1999 and December 2015 to see if there had been a spike. They found there were 18,690 suicides between August and December 2014 compared with the 16,849 cases they would have expected. In the weeks after Williams's death, there was a "drastic" increase in references to suicide and death in news media reports, as well as more posts on an internet suicide forum researchers monitored, the study found. David Fink, one of the study's authors, from Columbia University Mailman School of Public Health, said research had previously shown that suicide rates increased following a high-profile celebrity suicide, but this was a first time such a study had been done within the era of the 24-hour news cycle. Lorna Fraser, from the Samaritans' media advisory service, said: "This study builds on a strong body of research evidence that shows that irresponsible or overly detailed depictions of suicide can have a devastating impact. In the case of celebrities, the potential for someone at risk to make an emotional connection and over-identify with them is greater, in some cases even to interpret their death as affirmation that they could take their own life."

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