Since peaking at more than $1,100 in late November, Bitcoin's trading value has fallen by half. On Wednesday, a Japanese court delivered a death blow to Mt. Gox, once the world's largest Bitcoin exchange, which had collapsed after hackers stole a huge trove of the cryptocurrency from the company's servers. By denying the exchange's application to rebuild under bankruptcy protection, the court sent the exchange hurtling toward liquidation.
Picture the platonic, if slightly exaggerated, ideal of a CEO: a focused leader of their subordinates, a relentless pursuer of profit -- that is, of course, unless he or she gets distracted along the way. Come to think of it, "sir CEO" has a really nice ring to it, doesn't it?
One of the pleasures in writing about Edward Snowden is his predilection for the absurd. The NSA whistleblower abandons his dancer girlfriend for a life in exile, hides in airports, studies Dostoyevsky, appears by teleconference at a technology conference in Texas, and even attempts to learn Russian to acclimate to his new home in Moscow. It’s a delicious story, and on Thursday, Snowden delivered his latest morsel: He called in to Vladimir Putin’s televised Q&A session with the Russian public.
Nearly 300 people are feared missing after a huge ferry capsized and sank off South Korea's southwestern coast. Carrying a group of high school students on a field trip from a high school outside Seoul, the ship was en route to Jeju, a Korean resort island known as the country's "Hawaii." Scores of rescue divers have descended on the ship, and it is feared that the death toll will rise sharply in coming days. Survivors say many people remain trapped on the ship's lower decks; 462 people were on board the ship, 281 of whom remain unaccounted for.
Over the past three days, officials in Kiev have fumed as pro-Russian activists seized government buildings in several eastern Ukrainian cities. They vowed to strike back, issued ultimatums for the activists to depart the buildings, and then let those deadlines lapse. On Tuesday, Kiev finally delivered on its threats.