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Serial crowdfunder Douglas Monahan will face court, accused of misusing more than $800,000 raised for a hi-tech range of backpacks to buy Bitcoin and pay credit card debt. The US federal trade commission (FTC) also claims Monahan threatened hundreds of consumers to silence criticism. He’s alleged to have told one investor he knew where they lived, while promising to sue to others for libel and slander. “Despite missing the delivery date for the iBackPack, Monahan started a second crowdfunding campaign in March 2016 via Kickstarter to produce and distribute the iBackPack 2.0, an updated version of the still-unproduced original iBackPack,”…
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When you’re busy cooking, looking up a recipe on your phone or watching it on YouTube can be a messy affair with sticky hands. You can do all this and more – hands-free – by snapping up a Google Home Hub for just $87, down from the original price of $149. The smart display has Google Assistant built-in to help you with to-dos, reminders, and searches via voice commands. It also has a 7-inch touchscreen to display all your content and answers to your questions. And at that size, it’s handy for watching recipe videos on YouTube in your kitchen.…
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Microsoft is further broadening its suite of enterprise-grade blockchain tools with the launch of a Visual Studio development kit for Ethereum and its own Azure blockchain. The Redmond giant tech firm officially announced the launch of the dev kit in a blog post yesterday, as spotted by CoinDesk. The dev kit will provide an environment in which programmers can build dapps for the public Ethereum blockchain and the Azure Blockchain Service. It also comes bundled with open-source blockchain tools like Solidity and Truffle, which means smart contracts can be built directly into an app. For the seasoned devs out there,…
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Bitcoin miners earned $291 million through ‘block rewards’ in April, marking a 30-percent monthly revenue increase, reports research unit Diar. They collected an additional $14 million with Bitcoin transaction fees, 250 percent more than in March. The Bitcoin network rewards miners for successfully adding blocks to its blockchain with 12.5 BTC ($73.6K). In less than 400 days, that amount will halve to just 6.25 BTC. With this in mind, last month’s income jump can be attributed to Bitcoin’s steadily-increasing value, which has risen from $4,100 to over $5,900 since the start of April. Diar also highlighted a significant uptick in Bitcoin usage, which…
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