Michael S

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Sources: Coin Is Raising More Cash

Coin, a YC-backed company looking to thin down your wallet, is currently in the process of raising around $15 million in Series A funding, according to multiple sources familiar with the matter.<p>Led by Kanishk Parashar and K9 investor/board member Manu Kumar, Coin offers a replacement for every …

Dear Naysayers, Facebook Is 10 Years Old And Clearly Not A Fad, Mark Zuckerberg Says

Yet, in the past few weeks Facebook has been showered with doomsayer reports, calling it the "new Myspace", saying teens are no longer using it; saying within a few years 80% of its users will have moved on.<p>(The latter was a Princeton study hilariously debunked by one of Facebook's own researchers).<p>…

Mark Zuckerberg

Proaction and the politics of fracking

Paying local communities for fracking rights should be seen as fair compensation rather than bribes<p>David Cameron has argued that the UK should go "all out" for shale gas. As someone hearing this from atop the Barnett Shale in Texas, this makes me cringe. We've been going all out for fracking for …

Scientific American wants to end the ban on psychoactive drug research

<i>Scientific American</i> recently published a spirited editorial calling for the US government to end the ban on psychoactive drug research. After the Controlled Substances Act was passed in 1970, drugs like marijuana, MDMA, and LSD were put on the Schedule I drug list, deemed to have no accepted …

Entrepreneurs Looking For 'Windfall' Cash In On Climate Change

In 2008, as scientists documented a record melt in the Arctic ice and Al Gore's film <i>An Inconvenient Truth</i> was in theaters, a half dozen major investment houses launched mutual funds designed to take advantage of financial opportunities offered by climate change.<p>In <i>Windfall: The Booming Business of</i> …

China's Jade Rabbit Rover May Be Doomed On The Moon

China's new moon rover, the Jade Rabbit, may be dead. Chinese officials recently announced the rover was experiencing mechanical difficulties, and now observers believe it's done for.<p>The rover was part of a headline-grabbing push by China to get to the moon. On December 14, the nation's Chang'e 3 …

Immense Force Changing Cosmos—Baffled Scientists Rethink Current Paradigm

Scientists know the universe is expanding at an increasing rate. They say “dark energy” is the force behind this expansion. They don’t know what …

Lawsuit Alleges NASA Is Failing To Investigate Alien Life

Read the suit in all its glory here.<p>You may recall, NASA recently announced that a strange rock had somehow "appeared" in front of its Mars Opportunity rover. The explanations for the mystery rock were straight-forward: maybe some kind of nearby impact sent a rock toward the rover, or, more likely, …

Paranormal

NASA's Hot New Ride for 2014

Patrick H. Corkery—Lockheed Martin<p>NASA<p>NASA<p>NASA<p>NASA<p>Dmitri Gerondidakis—NASA<p>Bill Stafford—JSC/NASA<p>David C. Bowman—NASA<p>NASA—KSC<p>Aerojet Rocketdyne<p>NASA—SSC<p>…

Austria Greenlights DIY Genetic Engineering

In Austria, where genetically engineered food is banned from the shelves, regulators have granted the first DIYbio lab permission to work with GMOs. For only 40 euros and some paperwork, the one-year-old biohacker space, Open BioLab, is now bioengineering its first batch of bacteria.<p>Unlike in the …

Biotechnology

Ford reports 'one of its best years'

<b>Ford says 2013 was "one of the company's best years ever", driven by a strong performance in the US and Asia.</b><p>The US car firm said net income for 2013 was $7.2bn (£4.3bn), up $1.49bn on the previous year.<p>Fourth quarter net income was $3bn, or 74 cents per share, an increase of $1.4bn compared with …

North America

Winklevoss Twins Warn Of Restrictive Regulation One Day After Bitcoin Startup Founder's Arrest

"Overregulation could cripple Bitcoin's development," Cameron Winklevoss said Tuesday. New York's financial regulator said there needs to be "guardrails for this industry to help root out money laundering and other misconduct."<p>Cameron Winklevoss today told New York state financial regulators that …

A ban on traders chatting to each other could spell trouble for Bloomberg

The ubiquity of Bloomberg terminals at Wall Street trading houses may be facing its biggest threat yet.<p>Reports emerged last week that Goldman Sachs is weighing a ban (paywall) on “person-to-person” communication by its employees using third-party services including Bloomberg, Yahoo and AOL …

Trading

Bitcoin Foundation vice chair arrested for money laundering

Charlie Shrem stands accused of knowingly selling over $1m of bitcoins to users of the Silk Road online black-marketplace<p>A senior figure in the Bitcoin Foundation, which lobbies on behalf of the digital currency has been arrested for conspiracy to commit money laundering and “knowingly …

Astronomers Get First Glimpse of Cosmic Web

Changing Planet<p>Computer simulations suggest that matter in the universe is distributed in a “cosmic web” of filaments, as seen in the image above from a large-scale dark-matter simulation. The inset is a zoomed-in, high-resolution image of a smaller part of the cosmic web, 10 million light-years …