London 2.0: A High-Tech Tour of the UK Capital

Image: Flickr, Simon & His Camera The city of London may be more the 2,000 years old, but there’s way more to it than medieval towers, cathedrals, bridges and an impressively large clock. Beyond the centuries of culture and layers of classic charm (red telephone booths, we’re looking at you), is a city burgeoning with…

Popular Bitcoin Exchange Shuts Down After Attack

Bitfloor, the largest Bitcoin exchange market in the U.S., is temporarily halting trading until further notice after an attack on its system. The hackers walked away with 24,000 Bitcoins — valued at $250,000 based on current trading levels. If you’ve ever dabbled in online gaming cash shops, you may be familiar with Bitcoin. Essentially, the…

Medifund: Can We Crowdfund New Doctors?

A startup in the Philippines called Medifund has come up with an answer to an unsolved issue in the medical field: understaffed hospitals. The shortage of doctors and nurses in Asia has largely to do with the high cost of medical education. To tackle this problem, Medifund’s founder Jossy Onwude has established a crowdsourcing platform…

4 Alleged Silk Road Meth Dealers Arrested in U.S.

A federal grand jury in Oregon has charged four Portland-area residents with selling methamphetamine through the defunct online black market Silk Road. Prosecutors say the four — Jason Weld Hagen, 39; Chelsea Leah Reder, 23; Richard Egan Webster, 45; and Donald Ross Bechen, 39 — conspired to sell 17 pounds of meth for a total…

Bitcoin Rumor Mill: Another Mt. Gox Hack

Bitcoin Exchange company the Mt. Gox CEO Mark Karpeles attends at a news conference on Feb. 28, 2014 in Tokyo, Japan. Image: The Asahi Shimbun Keeping up with the latest Bitcoin drama can be a time-consuming proposition. The cryptocurrency world has been riddled with considerable disarray since the collapse of the former most popular Bitcoin…

Gold-Backed Bitcoin Spinoff Aims to Keep Some Fun in Virtual Currency

Image: Antana On the spectrum of currency ideologues, gold bugs and Bitcoin enthusiasts occupy equal but opposite positions. They’re both suspicious that governments are going to meddle around with normal money so much that it becomes useless — it’s just that one group thinks math is the antidote and the other believes in hoarding metal…

Chinese Scammers Turn Fake iPhones Into Real Ones

Apple has gotten a lot of flack over the last month for its after-sales service practices in China, and perhaps rightfully so. But instead of being exploited by Apple, police have discovered that some Chinese criminals used Apple’s return system to turn more than 100 fake iPhones into real ones. In December, a Wenzhou Apple…

8 Top Tech Stories in China This Week

This week’s tech news in China has all the big names –- Google, Baidu, Alibaba, WeChat. But there’s bad news for half of those, and much more positive news for the others. Let’s start with China’s top social-media export: 1. In Just 6 Weeks, WeChat Blasts from 50 Million to 70 Million Users Outside of…

Bankrupt Mt. Gox Facing Class-Action Suit Over Bitcoin Disappearance

Bitcoin trader Kolin Burges stands in protest outside an office building housing Mt. Gox in Tokyo on Feb. 26, 2014. Image: Shizuo Kambayashi/Associated Press The mountain of trouble that has been piling up for Mt. Gox just got even larger. Once the largest Bitcoin exchange in the world, Mt. Gox shut its digital doors and…

Why Don’t More Chinese Internet Companies Expand Overseas?

We’ve written a lot about Tencent’s success with WeChat, which now has 50 million overseas users, but the truth is that Chinese Internet companies don’t step outside the country’s borders often. And when they do, they tend not to succeed. What’s stopping other Chinese web companies from seeing the same kind of success WeChat has…