WSJ: Mt. Gox Gives Up and Files for Liquidation

WSJ: Mt. Gox Gives Up and Files for Liquidation

The failed bitcoin exchange Mt. Gox has given up on its plan to rise from the ashes under bankruptcy protection. Instead, according to the Wall Street Journal, it’s asked a Tokyo court for permission to be liquidated

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Biometric Startup Quixter Demos Pay-By-Palm Tech

Quixter Quixter has built a biometric pay-by-palm technology system that’s up and running at Lund University in Sweden. The idea is the brainchild of Fredrik Leifland, an engineering student at the university, who wanted to come up with a quicker system for making card payments. (And clearly didn’t think much of NFC.) Read More

Why the Future of Bitcoin Depends on the Silk Road Trial

Why the Future of Bitcoin Depends on the Silk Road Trial

Over the weekend, Ross Ulbricht’s lawyer, Joshua Dratel, filed a motion asking the court to dismiss all charges against the Silk Road kingpin. It’s largely what you’d expect from a bullish defense attorney. But here’s the twist: Dratel throws bitcoin under the bus.

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Robocoin Spreads Its Bitcoin ATMs Further

Robocoin, the bi-directional Bitcoin ATM, is ramping up its nascent footprint — with launches planned for 10 more global locations. The company said today it will be shipping its first Bitcoin ATMs to two more U.S. locations — Boston and Seattle — and also ramping up globally. Read More

Rooftop Lasers Are the Next Big Thing For High-Speed Trading

Rooftop Lasers Are the Next Big Thing For High-Speed Trading

Eventually, they could end up on your roof, beaming trading data across the sky: Lasers, originally developed by the military, that are now being co-opted by high-frequency traders looking for even faster ways to do business.

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A Guide to Bitcoin’s Legality In Different Countries Around the World

A Guide to Bitcoin's Legality In Different Countries Around the World

Americans are spoiled—at least where Bitcoin’s concerned, we are. While people are free to mine, spend, and speculate on Bitcoin freely here in the States, citizens of other countries aren’t so lucky.

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The CIA Has a Vast Database of International Money Transfers

The CIA Has a Vast Database of International Money Transfers

The Central Intelligence Agency has been busy aggregating a huge database of international money transfers, according to the Wall Street Journal—and it includes millions of Americans’ financial and personal data.

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What Will Kill Bitcoin First?

What Will Kill Bitcoin First?

Almost exactly two years ago, Wired published a feature about Bitcoin, comparing the cryptocurrency to "overhyped Silicon Valley IPOs." The headline read, matter-of-factly, "The Rise and Fall of Bitcoin." And, while the magazine was right about the rise, the fall is still to come.

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‘Living Wallet’ Chastises You for Spending too Much Money

Some people spend like there’s no tomorrow, even though they might not have the means to pay for all of their purchases. It’s only when they’re neck-deep in debt that they realize the importance of saving.

A concept that aims to present saving in a unique way is the Living Wallet.

Living Wallet 620x339magnify

It’s a concept design where the wallet basically “lives” and implores its owner to save and only spend when the owner’s budget has a favorable balance.

It has three save modes: Evade, which has the wallet rolling away on it’s built-in wheels so that it’s owner can’t get to it; Asking for Help, where it basically “screams” for help so that other people can chastise the owner before he or she can take any money out of it; and Last Resort, where the wallet sends a text message to the owner’s parents. It also has a fourth mode called Consumption Mode, which encourages you to spend money when you’ve got the money to spare.

The Living Wallet was designed by Yasuharu Sasaki, Kentaro Sagara, Noriaki Onoe, Satoshi Kuno, Rei Kawai, Hideyuki Saito, Yui Gokita, and Daichi Sato.

[via Bit Rebels]

Budget Management App Level Compels You Not to Spend More Than You Should

Some people spend more than what they can actually afford. A lot of financial advisers recommend keeping a list of every purchase, so that each expenditure can be reviewed afterward. Most people start out okay but eventually forget a few days later.

An alternative? Level.

Level Appmagnify

Level is a lightweight budget management app that links to the user’s bank account. Once it’s hooked up, the app will then calculate how much the user can spend in a day given their income. It shows the “spendables” left for the day, keeping users in check before they swipe their card or buy something that they don’t really need.

The cool thing about Level is that it also automatically detects fixed expenses. Over a hundred top banks in the US are supported by Level, so you’ll most likely be able to find your institution on the list.

Level also recommends and encourages saving, and we all know that’s not a bad thing. The app is available for free from the iTunes App Store, and an Android version is currently in development.

[via TNW via Laughing Squid]