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June 26, 2019

Bitcoin soars past $12,500 five days after hitting $10,000

Enlarge (credit: NASA/Bill Ingalls)

Bitcoin has risen above $12,500, its highest level in 2019. The new milestone comes just five days after bitcoin rose above $10,000.

Bitcoin’s value has risen by almost a factor of four since last December, when the price bottomed out around $3,200. Bitcoin’s price is still well below the all-time high of around $19,500 reached in December 2017.

Bitcoin’s rise is part of a broader rally in cryptocurrency markets. The price of ether, the currency of the Ethereum network, is up 11 percent over the last 24 hours to nearly $350. Bitcoin Cash, a bitcoin spinoff optimized [...]

 
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June 25, 2019

FedEx sues US government over export controls after Huawei problems

Enlarge (credit: Justin Sullivan/Getty Images)

Federal Express is suing the US Department of Commerce, arguing that US export control laws are so onerous that it’s impossible for FedEx to comply with them. US laws “require considerably more screening than possible from common carriers like FedEx,” the company argues in a legal complaint filed in a DC federal court on Monday.

The lawsuit doesn’t mention Huawei, but it was filed after a string of disputes between FedEx and Huawei that may be connected to US export control laws.

FedEx is one of the many international companies feeling pressure from [...]

 
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June 25, 2019

Sidewalk Labs’ blueprint for a ‘mini’ smart city is a massive data mine

Sidewalk Labs, the smart city technology firm owned by Google’s parent company Alphabet, released a plan this week to redevelop a piece of Toronto’s eastern waterfront into its vision of an urban utopia — a ‘mini’ metropolis tucked inside a digital infrastructure burrito and bursting with gee-whiz tech-ery.

A place where high-tech jobs and affordable housing live in harmony, streets are built for people, not just cars, all the buildings are sustainable and efficient, public spaces are dotted with internet-connected sensors and an outdoor comfort system with giant “raincoats” designed to keep residents warm and dry even in winter. The innovation even [...]

 
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June 25, 2019

Sidewalk Labs’ blueprint for a ‘mini’ smart city is a massive data mine

Sidewalk Labs, the smart city technology firm owned by Google’s parent company Alphabet, released a plan this week to redevelop a piece of Toronto’s eastern waterfront into its vision of an urban utopia — a ‘mini’ metropolis tucked inside a digital infrastructure burrito and bursting with gee-whiz tech-ery.

A place where high-tech jobs and affordable housing live in harmony, streets are built for people, not just cars, all the buildings are sustainable and efficient, public spaces are dotted with internet-connected sensors and an outdoor comfort system with giant “raincoats” designed to keep residents warm and dry even in winter. The innovation even [...]

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