QZ.com Archives - 21 October 2014, Tuesday

  • Falling prices aren't the real reason to worry about bitcoin - Quartz:

    Falling prices aren’t the real reason to worry about bitcoin –

    QZ.com 06 Oct '14, 7pm

    three stories bitcoin’s proponents tell about what bitcoin technology could potentially do for the world: That bitcoin will become a currency used by many people to purchase goods; that it will be a superior method to store value over time; and that it can form the basis of a highly s...

  • Singapore isn’t the global city of the future after all –

    QZ.com 03 Oct '14, 9pm

    Years ago, I wrote about how I would search the library shelves of my New Jersey elementary school in the hopes of finding a character that looked like me in children’s books. One day my librarian handed me a copy of The Jungle Book. Though I had never revisited Kipling’s India—it was...

  • What it’s like to fly the $23,000 Singapore Airlines Suites class –

    QZ.com 01 Oct '14, 8pm

    The Suites were exclusive to their flagship Airbus A380, and they go beyond flat beds by offering enclosed private cabins with sliding doors that cocoon you in your own little lap of luxury. The interior was designed by French luxury yacht designer Jean-Jacques Coste and comes along w...

  • Bitcoin is plunging again

    Bitcoin is plunging again

    QZ.com 19 Sep '14, 2pm

    We’re in the midst of another sharp sell-off for everyone’s favorite crypto-currency, with the price of bitcoin falling by more than 9%—to less than $400 at moments—this morning, according to the bitcoin data site BlockChain . Why? Who knows. Technical analysts have tried to paste som...

  • Could Scotland’s currency be bitcoin? –

    QZ.com 18 Sep '14, 11am

    A central question in the Scottish independence campaign has centered on currency. The Bank of England has said repeatedly that an independent Scotland can not use the pound sterling, except for an 18-month emergency period following a yes vote. No one has sorted out what currency Sco...

  • This app will find you a sold-out handbag, a rare bottle of bourbon, or your dream wedding dress

    This app will find you a sold-out handbag, a rare bottle of bourbon, or your dream wedding dress

    QZ.com 26 Aug '14, 10am

    Before the age of iPhone ubiquity, Michelle Goad, a Marc Jacobs merchandiser who supplied the designer’s US stores with handbags and accessories, noticed something interesting: The most successful store associates were always on their flip phones. They were text-messaging their client...

  • The Philippines’ booming economy is causing a maid drain in Hong Kong and Singapore

    The Philippines’ booming economy is causing a maid drain in Hong Kong and Singapore –

    QZ.com 21 Aug '14, 9am

    Hong Kong employment agencies have been importing women from poorer nations, like Myanmar and Bangladesh, to deal with a maid shortage, but with limited success , the South China Morning Post recently reported. Better paying factory jobs in Taiwan, South Korea, and Japan are also hiri...

  • Singapore Airlines joins Tata in Indian skies: Ten things we know about Vistara

    QZ.com 11 Aug '14, 1pm

    India’s newest airline, Air Vistara, is expected to make its debut later in the year. Vistara is a joint venture between India’s Tata Sons and Singapore Airlines. It is expected to fly from October. This would be the second airline launched in India this year, after Air Asia—also in p...

  • Singapore is giving its senior citizens the power to hold up traffic

    Singapore is giving its senior citizens the power to hold up traffic

    QZ.com 07 Aug '14, 12pm

    Since at least ancient Roman times, cities have struggled over how to get pedestrians across the street safely. The current default for large intersections in most parts of the world is a traffic light that operates at fixed intervals, accompanied by buttons that sometimes do nothing ...

  • Singapore’s solution to rush hour: free off-peak subway rides via @CityLab

    Singapore’s solution to rush hour: free off-peak subway rides –

    QZ.com 30 Jul '14, 11am

    Last week, Toronto mayoral candidate David Soknacki made a bold suggestion to improve the morning transit commute: offer free rides to anyone traveling before rush-hour. The idea is that by encouraging more early bird riders (in this case, those traveling between 6 and 7am), city subw...

  • Meet the company that wants to bring bitcoin to the stock market - Quartz #bitcoin

    Meet the company that wants to bring bitcoin to the stock market

    QZ.com 25 Jun '14, 4pm

    Bitcoins could be coming to an stock exchange near you. Bitcoin-mining company BitFury Group is hoping to become the first bitcoin-related company listed on a major exchange as early as next year, reports bitcoin newsletter Crypto Crimson . The San Francisco-based cryptocurrency start...

  • Bitcoin looks like the worst investment in the world this year

    Bitcoin looks like the worst investment in the world this year

    QZ.com 01 Apr '14, 10am

    You’d have to hunt pretty hard to find a worse investment over the last three months than bitcoin. The electronic currency is down 38% against the US dollar since Dec. 31 , making it one of the worst assets that we keep an eye on here at Quartz. That’s right. By our reckoning bitcoin ...

  • of #bitcoin

    Four types of people you’ll meet at the bitcoin market –

    QZ.com 21 Mar '14, 3pm

    The collapse of the Mt. Gox bitcoin exchange has been a speed bump for bitcoin, but the chaos has shed light on the opaque crypto-currency markets. Earlier this month, hackers published what is purported to be the exchange’s trading data from 2011 through November 2013 in an effort to...

  • Dorian Satoshi Nakamoto denies bitcoin ties—and says he couldn’t even afford internet access via @felixsalmon

    Dorian Satoshi Nakamoto says he couldn’t have invented bitcoin—he’s too broke for internet access – Quartz

    QZ.com 17 Mar '14, 6am

    Dorian Satoshi Nakamoto—the man who invented bitcoin , according to Newsweek —has issued a statement through his lawyer denying any involvement whatsoever in the digital crypto-currency, and claims that he has been under such severe financial pressure that he was forced to cut off his...

  • Pretty much everything about the real identity of bitcoin’s mysterious creator will surprise you

    Pretty much everything about the real identity of bitcoin’s mysterious creator will surprise you –

    QZ.com 06 Mar '14, 1pm

    The mysterious, anonymous creator of bitcoin, whose identity has been sought by countless journalists, geeks, and hobbyists since the currency first appeared, has finally been uncovered. The most astonishing thing about the man behind bitcoin, who went by pseudonym “Satoshi Nakamoto” ...

  • Nike Air Jordans account for one in every three dollars spent on sneakers on eBay

    Nike Air Jordans account for one in every three dollars spent on sneakers on eBay

    QZ.com 28 Feb '14, 5pm

    In the 1980s, Air Jordan sneakers were so sought after that there were reports of teenagers being mugged for them in cities across America. For those who missed the hype first time around, Air Jordans are basketball sneakers imbued with the gold dust of the former NBA star and global ...

  • Bitcoin could become the go-to currency for digital tipping

    Bitcoin could become the go-to currency for digital tipping

    QZ.com 19 Feb '14, 7pm

    A lot of the hype around Bitcoin involves the crazy, illegal, or mundane things you can buy with it. But the digital currency could come in handy for an old-fashioned practice: tipping. According to an informal survey of 1,000 Bitcoin users published last April, users ranked gifts and...

  • #somaliland shillings

    This de facto African country is printing beasts on its currency to gain global recognition

    QZ.com 02 Feb '14, 8pm

    Not bits, but beasts. Brian Dell/Creative Commons As cyber-currency magnates promote bitcoins festooned with hypnotic barcodes, spare a thought for the officially non-existent nation of Somaliland. Its 3.8 million inhabitants insisted that something more inspirational adorn their coun...

  • Singapore

    Who’s drinking the world’s Scotch whisky – Quartz

    QZ.com 10 Jan '14, 5pm

    On the heels of growing global Scotch whisky demand, the UK is cracking down on the spirit’s growing pool of imitators. Scotch whisky can already legally be called Scotch only if it was made in Scotland and aged in oak casks for at least three years (it’s also spelled “whisky” to dist...

  • The existential threat to Bitcoin its boosters said was impossible is now at hand

    The existential threat to Bitcoin its boosters said was impossible is now at hand

    QZ.com 09 Jan '14, 3pm

    A doomsday scenario that has long been dismissed by bitcoin’s biggest boosters is now a clear and present danger . At 3am ET this morning, a single bitcoin mining collective known as Ghash.io reached 45% of the computing power of all global bitcoin miners, just six points short of the...

  • Singapore figured out how to tax bitcoin—treat it like a product, not money

    Singapore figured out how to tax bitcoin—treat it like a product, not money –

    QZ.com 09 Jan '14, 11am

    If you’ve made a fortune in bitcoins over the past year and think you can shield the gain from the tax man, you may be in for a rude shock: Tax authorities around the world have been closely studying the virtual currency, which in some cases is much less anonymous and untraceable than...

  • The most popular drugs bought with bitcoin on Silk Road

    The most popular drugs bought with bitcoin on Silk Road

    QZ.com 28 Dec '13, 2pm

    A new study on Silk Road, the recently shut-down illicit online marketplace that first brought bitcoin to notoriety in 2011, paints an interesting picture of three major countries’ illegal drug purchasing habits. The study, Use of Silk Road, the online drug marketplace, in the UK, Aus...

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

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

    QZ.com 17 Dec '13, 1pm

    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...

  • Bitcoin

    By reading this page, you are mining bitcoins

    QZ.com 17 Dec '13, 10am

    Let’s start with what it’s not doing. Your computer is not blasting through the cavernous depths of the internet in search of digital ore that can be fashioned into bitcoin bullion. There is no ore, and bitcoin mining doesn’t involve extracting or smelting anything. It’s called mining...

  • Most Americans don’t know what bitcoin is, and that’s good news for speculators

    Most Americans don’t know what bitcoin is, and that’s good news for speculators – Quartz

    QZ.com 13 Dec '13, 2pm

    Bloomberg surveyed a bunch of Americans and discovered that only 42% could correctly identify what bitcoin is . A small minority (12%) thought bitcoin was either an Xbox game or an iPhone app. (Scroll to the bottom of this Bloomberg page for an unintentionally hilarious pie chart depi...

  • Miners spend $17 million a day for a shot at $4.4 million of bitcoin

    Miners spend $17 million a day for a shot at $4.4 million of bitcoin

    QZ.com 11 Dec '13, 9pm

    The price of a single bitcoin, now sitting at $899 , is derived from many mysterious sources: supply and demand, potential future business value, animal spirits. One factor is less widely understood: The price of bitcoin depends on the price of electricity. Bitcoin are produced by “mi...

  • Singapore has the most expensive beer in Asia

    Singapore has the most expensive beer in Asia

    QZ.com 06 Dec '13, 7pm

    Singapore is not a cheap place to live. Among the findings of a new cost of living survey from international human resources consulting firm ECA is that the small, wealthy city-state is now the world’s 30th most expensive city for expatriates, up one place from last year. It’s the 9th...

  • As bitcoin booms, so does bitcoin bank robbery

    As bitcoin booms, so does bitcoin bank robbery

    QZ.com 25 Nov '13, 9pm

    Robbing a bank is such a hassle in the real world, with all the complicated logistics of weapons, vaults, dye packs, and getaway cars. It’s a lot more straightforward to rob digital currency exchanges and payment processors. To paraphrase bank robber Willie Sutton , that’s where the b...

  • Dope news of the day: Chinese real estate developers now accepting bitcoin. #BREAM.

    Look out: China’s housing bubble is now available in bitcoin. –

    QZ.com 14 Nov '13, 10pm

    China’s got the bitcoin bug. A real estate developer in Shanghai just announced that it’s now accepting bitcoins for one of its mid-range flats in a posh Shanghai suburb. That’s after a unit of Baidu, China’s leading search engine, announced it would accept bitcoins in mid-October. Ha...

  • The price of a bitcoin, in gold, over time

    The price of a bitcoin, in gold, over time

    QZ.com 10 Nov '13, 2pm

    At the start of this year, on January 2, 2013, gold was trading at $1,687.90 per toz, and bitcoins were priced at just under $13.30 each. A bitcoin exchanged for dollars then used to buy gold on that day gave the buyer 0.0079 toz of gold. Today that same exchange buys 0.2675 toz of go...