10 Tech Things You Need To Know This Morning
Feb 25, 2014, 17:41 IST
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- MTGox, which used to be the world's largest Bitcoin exchange, has gone offline. The Bitcoin Foundation says the exchange appears to be insolvent. Bitcoin enthusiast Ryan Selkis found a document that suggests 6% of all Bitcoins are out of circulation and that the coins have been stolen over the past several years.
- Weibo, the Twitter of China, wants to raise $500 million in a U.S. IPO next quarter. It has about 61 million users.
- Samsung revealed a new phone yesterday, the Galaxy S5. It's slightly larger than the Galaxy S4 with a 5.1-inch screen. It's water resistant and it has a fingerprint scanner that lets you make payments and check your heart rate by merely pressing the screen.
- Samsung also launched the Gear Fit, which will compete with wearable tech like FitBit Force, Jawbone UP and Nike Fuelband. The Samsung Gear Fit is a fitness-minded smart watch. It has a pedometer, sleep tracker, and heart rate monitor. The wrist band can also help you locate your phone, get email and SMS notifications, and it has a built-in alarm clock.
- The best thing about the next iPhone's screen might be its display, not its size. Apple may use a technology called quantum dots to enhance features of its next-generation display.
- The man who runs popular Twitter account @GSElevator has been unmasked. His name is John Lefavre. He's 34, lives in Texas, and he's never worked for Goldman Sachs. The Twitter account has more than 600,000 followers.
- Blackberry is launching a phone that will cost less than $200.
- Mark Zuckerberg spoke at Mobile World Congress in Barcelona yesterday. He said why he paid $16 million for WhatsApp and said he wouldn't be making another bid for Snapchat. "[WhatsApp] is the most engaging app we've ever seen. ... it's on a path to connecting more than a billion people ... very few other companies are like that."
- Facebook is shutting down its fledgling email service, @facebook.com.
- Dropbox has raised $350 million at a $10 billion valuation.