Forget all about cryptocurrencies now we know 50 Cent doesn’t have any

2018 has been quite a year for Bitcoin and cryptocurrencies in general.

First the value of Bitcoin is about half what it was in December 2017, but its falling value hasn’t stopped people and companies attempting to cash in on the notoriety surrounding cryptocurrencies.

We’ve already had to put up with KodakCoin, PutinCoin and Whoppercoin, which is a cryptocurrency only for buying Burger King Whoppers, but probably more disappointing than all of those stories is the news that 50 Cent lied about being a Bitcoin millionaire.

In court documents reported on by The Blast, Curtis ’50 Cent’ Jackson admitted that he never owned BitCoin, and only went along with an incorrect report from TMZ who said he did because “so long as a press story is not irreparably damaging to my image or brand, I usually do not feel the need to publicly deny the reporting.

He added: “This is particularly true when I feel the press report in question is favourable to my image or brand, even if the report is based on a misunderstanding of the facts or contains outright falsehoods.”

Featured image courtesy of Marcin Kadziolka / Shutterstock.com

50 was forced to deny owning Bitcoin to refute the idea that he failed to disclose alleged interests in the cryptocurrency while he is involved in a bankruptcy.

Initial reports, somewhat confirmed by Jackson, suggested he had earned millions in bitcoin after allowing his 2014 album, “Animal Ambition,” to accept the cryptocurrency as payment.

Reports suggested he banked 700 bitcoins, which was valued to be worth between $7 million and $8 million.

According to the documents though, 50 says “Animal Ambition” did accept bitcoin payments, but it was converted to US dollars by a third party before it ever reached him or his companies.

50 now claims that he has never owned any Bitcoin.

And with that news, I’m done with cryptocurrencies.

Wanted man captured thanks to facial recognition

A Chinese man who was wanted by police for “economic crimes” – which can include anything from tax evasion to the theft of public property – was arrested at a music concert in China after facial recognition technology spotted him inside the venue.

Source: Abacus News

SpaceX president commits to city-to-city rocket travel

SpaceX president and chief operating officer Gwynne Shotwell has reiterated the company’s plans to make city-to-city travel — on Earth — using a rocket that’s designed for outer space a reality. Shotwell says the tech will be operational “within a decade, for sure.”

Source: Recode

Businessman wins battle with Google over 'right to be forgotten'

A businessman fighting for the "right to be forgotten" has won a UK High Court action against Google.. The businessman served six months’ in prison for “conspiracy to carry out surveillance”, and the judge agreed to an “appropriate delisting order".

Source: Press Gazette

UK launched cyber attack on Islamic State

The UK has conducted a "major offensive cyber campaign" against the Islamic State group, the director of the intelligence agency GCHQ, Jeremy Fleming, has revealed. The operation hindered the group's ability to co-ordinate attacks and suppressed its propaganda.

Source: BBC

Goldman Sachs consider whether curing patients is bad for business

Goldman Sachs analysts have attempted to tackle the question of whether pioneering "gene therapy" treatment will be bad for business in the long run. "Is curing patients a sustainable business model?" analysts ask in a report entitled "The Genome Revolution."

Source: CNBC

Four-armed robot performing surgery in the UK

A £1.5m "robotic" surgeon, controlled using a computer console, is being used to shorten the time patients spend recovering after operations. The da Vinci Xi machine is the only one in the country being used for upper gastrointestinal surgery.

Source: BBC

Virgin Galactic rocket planes go past the speed of sound

Virgin Galactic completed its first powered flight in nearly four years when Richard Branson's space company launched its Unity spacecraft, which reached supersonic speeds before safely landing. “We’ve been working towards this moment for a long time,” Virgin Galactic CEO George Whitesides said in an email to Quartz.

Source: Quartz

Google employees protest being in "the business of war"

Thousands of Google employees, including dozens of senior engineers, have signed a letter protesting the company’s involvement in a Pentagon program that uses AI to interpret video imagery and could be used to improve the targeting of drone strikes. The letter, which is circulating inside Google, has garnered more than 3,100 signatures

Source: New York Times

Computer system transcribes words users “speak silently”

MIT researchers have developed a computer interface that transcribes words that the user verbalises internally but does not actually speak aloud. The wearable device picks up neuromuscular signals in the jaw and face that are triggered by internal verbalisations — saying words “in your head” — but are undetectable to the human eye.

Source: MIT News

Drones could be used to penalise bad farming

A report by a coalition of environmental campaigners is arguing squadrons of drones should be deployed to locate and penalise farmers who let soil run off their fields. Their report says drones can help to spot bad farming, which is said to cost more than £1.2bn a year by clogging rivers and contributing to floods.

Source: BBC

Californian company unveil space hotel

Orion Span, a California company, has unveiled its Aurora Station, a commercial space station that would house a luxury hotel. The idea is to put the craft in low-earth orbit, about 200 miles up, with a stay at the hotel likely to cost $9.5 million for a 12-day trip, but you can reserve a spot now with an $80,000 deposit.

UK mobile operators pay close to £1.4bn for 5G

An auction of frequencies for the next generation of mobile phone networks has raised £1.36bn, says regulator Ofcom. Vodafone, EE, O2 and Three all won the bandwidth needed for the future 5G mobile internet services, which are not expected to be launched until 2020.

Source: BBC