Cody Xiong from North Carolina should have kept his mouth shut, but when police came to his door to ask about something unrelated, the paranoid poppy grower said, “I guess you’re here for the opium.” This led police to discover over an acre of poppy plants, worth about $500 million, in Xiong’s backyard. According to Time : Investigators believe the plants were being harvested in Xiong’s isolated rural lot, before being shipped elsewhere. Opium poppies are used to make opium, morphine, codeine and heroin, and police estimated that the haul consisted of over 2,000 pounds of the plant. Xiong was arrested at the site and charged with manufacturing a Schedule II drug and trafficking in opium, both felonies. He was later released from jail after posting $45,000 bail. Image: Magnus Manske
Read More:
Oops, man panics and snitches on himself about $500 million opium poppy field
An anonymous reader writes: In another intraday jump of more than $200, bitcoin surged to a record Thursday on strong Asian demand overnight. Bitcoin jumped more than 10 percent to an all-time high of $2, 752.07, more than twice its April 30 price of $1, 347.96 according to CoinDesk. The digital currency last traded near $2, 726. At Thursday’s record, Bitcoin has now gained more than 45 percent since last Thursday and more than 180 percent for the year so far. “There is no question that we are in the middle of a price frenzy, ” said Brian Kelly of BKCM, in a note to clients Thursday. “There will be a correction and it could be severe, but it’s unclear if that correction will start from current prices of $2700 or from some place much higher.” Read more of this story at Slashdot.