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Daily Archives: 2013/12/17

Here’s the one thing someone needs to invent before the internet of things can take off

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Part III in a series. As Quartz has already reported, the Internet of Things is already here, and in the not too distant future it will replace the web. Many enabling technologies have arrived which will make the internet of things ubiquitous, and thanks to smartphones, the public is finally ready to accept that it […]

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New York’s arrest of an Indian diplomat has triggered a full-scale retaliation in India

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New York City police ignited a diplomatic firestorm last week when they arrested India’s deputy consul-general, Devyani Khobragade, on charges of visa fraud and making false statements about the employment of her full-time nanny. Khobragade, whom the police reportedly strip-searched, has since been released on $250,000 bail after pleading not guilty to the charges, which carry […]

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Why China had to crack down on bitcoin—and may eventually regret it

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China’s brief yet torrid love affair with bitcoin is drawing to a close. The country’s central bank, which earlier this month banned Chinese commercial banks from trading in the virtual currency, has now told third-party payment platforms like Alipay that they cannot do business with Chinese bitcoin exchanges, making it much more difficult (though not […]

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Finland’s short-lived experiment using gingerbread cookies as currency

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Bitcoin may have its problems, but it is still a more solid alternative currency than one introduced in Finland today. In a quaint Christmas promotion, Finnish long-distance bus operator Matkahuolto announced that passengers could exchange gingerbread cookies for a one-way ticket to travel today (link in Finnish). The only rules were that the cookie’s decoration needed […]

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