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Bitcoin Circulation Hits Record High Of $14 Billion

Bitcoin, the digital currency that most people have never actually used, has hit a record value of $14 billion after jumping 5 percent on Thursday. From a report on The Guardian: The price of one bitcoin reached $875 on the Europe-based Bitstamp exchange, its strongest level since January 2014, putting the cryptocurrency on track for its best daily performance in six months. That compared with levels around $435 at the start of the year, with many experts linking bitcoin’s rise with the steady depreciation of the Chinese yuan, which has slid almost 7% in 2016. Data shows the majority of bitcoin trading is done in China, so any increase in demand from there tends to have a significant impact on the price. Read more of this story at Slashdot.

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Bitcoin Circulation Hits Record High Of $14 Billion

LibreOffice Will Have New ‘MUFFIN’ UI

New submitter iampiti writes: The Document Foundation has announced a new user interface concept for LibreOffice. Users will be able to choose from several toolbar configurations including the “Notebook bar” which is similar to Microsoft Office’s ribbon. According to TDF, “The MUFFIN (My User Friendly — Flexible Interface) represents a new approach to UI design, based on the respect of user needs rather than on the imposition of a single UI to all users” Read more of this story at Slashdot.

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LibreOffice Will Have New ‘MUFFIN’ UI

Amazon Is Secretly Building an ‘Uber For Trucking’ App, Setting Its Sights On a Massive $800 Billion Market

Amazon is building an app that matches truck drivers with shippers, a new service that would deepen its presence in the $800 billion trucking industry, a person with direct knowledge of the matter told Business Insider. From the report: The app, scheduled to launch next summer, is designed to make it easier for truck drivers to find shippers that need goods moved, much in the way Uber connects drivers with riders. It would also eliminate the need for a third-party broker, which typically charges a commission of about 15% for doing the middleman work. The app will offer real-time pricing and driving directions, as well as personalized features such as truck-stop recommendations and a suggested “tour” of loads to pick up and drop off. It could also have tracking and payment options to speed up the entire shipping process. Read more of this story at Slashdot.

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Amazon Is Secretly Building an ‘Uber For Trucking’ App, Setting Its Sights On a Massive $800 Billion Market

Linux Mint 18.1 ‘Serena’ Is Here For Christmas

Long time reader BrianFagioli writes: if you love Linux Mint and use it regularly, I have very good news — version 18.1 ‘Serena’ is finally here. There are two desktop environments from which to choose — Cinnamon and Mate. Regardless of which version you choose, please know that it is based on Ubuntu 16.04, which offers long-term support (LTS). In other words, Linux Mint 18.1 will be supported until 2021. Linux Mint 18.1 comes with the updated Cinnamon 3.2 which looks to be wonderful. The Mint team touts a new screensaver/ login screen in the desktop environment, and yeah, it looks good. Read more of this story at Slashdot.

A $300 Device Can Steal Mac FileVault2 Passwords

An anonymous reader writes: Swedish hardware hacker Ulf Frisk has created a device that can extract Mac FileVault2 (Apple’s disk encryption utility) passwords from a device’s memory before macOS boots and anti-DMA protections kick in. The extracted passwords are in cleartext, and they also double as the macOS logon passwords. The attack requires physical access, but it takes less than 30 seconds to carry out. A special device is needed, which runs custom software (available on GitHub), and uses hardware parts that cost around $300. Apple fixed the attack in macOS 10.12.2. The device is similar to what Samy Kamker created with Poison Tap. Read more of this story at Slashdot.

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A $300 Device Can Steal Mac FileVault2 Passwords

India Just Flew Past Us In the Race To E-Cash

New submitter mirandakatz writes: Since India’s prime minister banned 86 percent of the rupee notes in circulation last month, citizens have been waiting in hours-long lines for ATMs. But these circumstances have also created an unexpected progression: a burgeoning cashless economy. At Backchannel, Lauren Razavi explores how India is now beating many Western countries in adopting mobile payments, and how demonetization has triggered a radical shift toward reimagining India’s enormous informal economy as a data-driven digital marketplace. From the report: “Before last month, Paytm, a mobile app that allows users to pay for everything from pizza to utility bills, saw steady business — it was processing between 2.5 and 3 million transactions a day. Now, usage of the app has close to doubled. 6 million transactions a day is common; 5 million is considered a bad day. Rather than being forced to idle away time in excruciatingly long lines, ‘people are proactively exploring other ways to settle payments besides cash, ‘ says Deepak Abbot, senior vice president at Paytm. ‘Now people are realizing they don’t need to really line up, because merchants are starting to accept other forms of payment.’ All of this has created a newfound system that practically incentives mobile payment. With so many people queuing up at banks every day — and a lot of Indian bureaucracy to wade through in order to open a traditional bank account or line of credit — the appeal of more convenient digital alternatives is easy to understand. According to a report in the Hindu Business Line, as many as 233 million unbanked people in India are skipping plastic and moving straight to digital transactions. ‘Cash has lost its credibility and payments are no longer perceived in the same way, ‘ says Upasana Taku, the cofounder of Indian mobile wallet company MobiKwik, which reported a 40 percent increase in downloads and a 7, 000 percent increase in bank transfers since demonetization. ‘There’s chaos at the moment but also relief that India will now be an improved economy, ‘ she says.” Read more of this story at Slashdot.

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India Just Flew Past Us In the Race To E-Cash

Bank Glitch Allows Man to Spend Over $1 Million and Walk Away Free

Normally a glitch is a bad thing. Maybe it means your video game character gets stuck in a wall or maybe a glitch gets you wrongfully arrested . For an Australian man named Luke Moore, a simple bank glitch meant that he was able to blow $1.3 million on cars, travel, strippers and drugs over the course of two years. Read more…

TSMC plans a new factory to pump out tomorrow’s 3 nm chips

News leaked in late August that chipmaker Taiwan Semiconductor Manufacturing Co (TSMC) and Apple were working shrinking the A11 processor set to go in next year’s iPhone down to 10nm. But to ensure it stays in business with the tech titan and other device manufacturers, TSMC is planning to build a new plant to build future chips at 5nm and 3nm sizes. According to Nikkei Asian Review , TSMC announced the new $15.7 billion facility a day after Taiwan’s minister of science and technology, Yang Hung-duen, told local media about it. His ministry might select a site in Kaohsiung for the factory, which could start production as early as 2022. That gives TSMC’s competitors a few years’ breathing room, but the race to smaller and smaller chips continues. While Intel claims it will produce a 10nm processor before its competitors, it conceded that production facilities equipped to pump out increasingly-smaller chips will only get more expensive. That’s why the company is slowing its two-year cycle “tick-tock” innovation cycle to reduce chip size every three years instead, focusing instead of improving internal architecture and performance in the interim. But even that lead might not be enough: On a conference call back in January, TSMC said it has a plan to push out 7nm chips by 2017 and 5nm by 2020. Via: 9to5Mac Source: Nikkei Asian Review

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TSMC plans a new factory to pump out tomorrow’s 3 nm chips

Nestle Discovers ‘Breakthrough’ Method To Cut Sugar In Chocolate By 40% Without Affecting Taste

Nestle and its scientists have discovered how to “structure sugar differently” to reduce the amount of sugar in some of its products by 40%. What’s more is that it can be done reportedly without compromising the taste. The Guardian reports: The new process is said to make sugar dissolve faster so that even when less is used, the tongue perceives an identical level of sweetness. It plans to patent the process, discovered by its scientists, which it says will enable it to significantly decrease the total sugar in its confectionery products. A four-finger milk chocolate Kit Kat currently contains 23.8g of sugar, a plain (milk chocolate) Yorkie contains 26.9g and a medium peppermint Aero has 24.9g of sugar. If the amount of sugar in each of these products was cut by 40% the new amounts would be 14.3g, 16.1g and 14.9g respectively. Read more of this story at Slashdot.

The Mac App Store Is Full of Scams

Over the years, Apple may have improved security, filters, and screening process of apps for its Mac’s App Store, but even today things the quality of fraudulent apps continue to not only seep through its gatekeepers, but often times outnumber the good apps. How To Geek did some investigation over this and published the findings yesterday in a story titled, “Don’t Be Fooled: The Mac App Store Is Full of Scams”. It didn’t take long for the publication to find scam apps on Apple’s marquee app store for Mac computers. A search for “Microsoft Excel”, for instance, returns “Office Bundle” made by a third-party. The app offers templates — and just that — for $30. Same is the case with any Office suite application. This might not seem as a real problem to many, but as How to Geek points out, there is one more problem: almost all these apps have icons and title names that are similar to those of Microsoft’s, and Apple has had no issues with that. From the article: Let’s be blunt: these customers were ripped off, and Apple pocketed $10 each (Editor’s note: Apple charges 30 percent on all transactions on App Store(. And you’ll only see these comments if you scroll past the two five star reviews that mention the word “app” numerous times. All of these fakes use Microsoft brands like Office, Word, and Excel in the product names. The logos aren’t one-to-one copies of Microsoft’s official logos, but they’re almost always the correct color and letter (blue “W” for Word, green “E” for Excel, etcetera). Read more of this story at Slashdot.

Ken May

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