Financial
Bitcoin bank closes after high-tech heist PDF  | Print |  E-mail
Written by Associated Press   
Wednesday, 05 March 2014 07:23

SAN FRANCISCO (AP) — A bank specializing in bitcoins says it has closed after computer hackers robbed its digital currency.

The closure of the Flexcoin bank comes just a week after the collapse of Mt. Gox, a major bitcoin exchange.

Mt. Gox also linked its demise to an electronic heist.

The twin failures of Mt. Gox and Flexcoin will likely raise more doubts about bitcoin's ability to establish itself as an alternative currency.

Hackers stole 896 bitcoins from Flexcoin's online vault, or "hot wallet," according to a notice on Flexcoin's website Tuesday. That translates into a loss of about $600,000, based on bitcoin's current trading value.

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California gold discovery spurs rush of theories PDF  | Print |  E-mail
Written by JOHN ROGERS, Associated Press   
Wednesday, 05 March 2014 07:15

LOS ANGELES (AP) — Word last week that a Northern California couple found $10 million in gold coins while walking their dog has set off a Gold Rush of theories over who left behind all that loot.

One is that Jesse James' gang deposited it in hopes of someday financing a second Civil War. Another postulates that the gold originally belonged to gentleman robber Black Bart, who wrote poetry when he wasn't sticking up stagecoaches.

But the theory gaining the most traction this week is that the hoard is made up of most of the $30,000 in gold coins that Walter Dimmick stole from the U.S. Mint in San Francisco in 1901. The coins were never recovered.

That theory, from fishing guide and amateur coin historian Jack Trout, set off a flurry of calls to the U.S. Mint after it was reported by the San Francisco Chronicle on Monday.

The Northern California couple's coins are called the Saddle Ridge Hoard after the area of the couple's land where they were discovered.

Last Updated on Wednesday, 05 March 2014 07:16
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Greenpeace hangs protest banners at P&G HQ in Ohio PDF  | Print |  E-mail
Written by DAN SEWELL, Associated Press   
Wednesday, 05 March 2014 07:20

CINCINNATI (AP) — A protest in which Greenpeace activists using a zip line unfurled huge banners at Procter & Gamble Co. headquarters in Cincinnati has ended.

Cincinnati police say nine protesters have been arrested. Police say they were initially being held on charges including vandalism and burglary and were still being questioned Tuesday afternoon.

The environmental organization says the 60-foot banners on P&G's two towers were in protest of the consumer products company's use of palm oil from a supplier that Greenpeace says is linked to tropical forest destruction in Indonesia.

A company spokesman says P&G is committed to achieving 100 percent sustainable sourcing of its palm oil.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
Reports: Facebook may buy solar drone company PDF  | Print |  E-mail
Written by Associated Press   
Tuesday, 04 March 2014 15:22

NEW YORK (AP) — Facebook is in talks to buy Titan Aerospace to step up its efforts to provide Internet access to remote parts of the world, according to reports in the technology blog Techcrunch and financial news outlet CNBC.

Both websites cited anonymous sources who were familiar with the deal and put a purchase price at $60 million.

Facebook spokesman Tucker Bounds said Tuesday that the company does not comment on rumors and speculation. Titan Aerospace representatives did not respond to requests for comment.

If Facebook does buy Titan Aerospace, the purchase could fit with the goals of CEO Mark Zuckerberg's Internet.org project. The Facebook-led partnership aims to connect the more than 5 billion of the world's 7 billion people who are not already online.

Google has a similar project called Project Loon.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
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