The makers of Coin -- a device that can be programmed to act as a credit, debit, gift, and rewards card rolled into one -- were not expecting their .84mm-thin device to become a Silicon Valley sensation. Sure, their promotional video and Web site were well-produced, but the team of seven set its crowdfunding goal at a modest $50,000. The startup hit that goal in only 40 minutes. Meanwhile, its YouTube video has attracted more than 5.5 million views.
CEO Kanishk Parashar is keeping under wraps just how many devices Coin has sold since launching this past Thursday. … Read more
Leaked from today's 404 episode:
- Scene from Mrs. Doubtfire helps 7 year old save her mom's life.
- Crowdfunding political murder with Bitcoins on "The Assasination Market".
- This gadget reaches inside your brain to help you lucid dream.
- Vancouver's ban on the humble doorknob likely to be a trendsetter.
If Kickstarter is any reflection of the zeitgeist, one of the biggest problems plaguing humanity is an insufficient selection of wallets.
And judging by the projects building out those wallets, there's an unmet need for minimalist designs, those that hold a few bills or none at all and a small selection of plastic cards. Meanwhile, it seems you can't buy so much as a stick of gum from a local drug store without being prompted to present or acquire a loyalty or charge card.
Many see the smartphone or some connected convergent device using a standard such as … Read more
In a compact San Francisco office suite equipped with soldering stations and swipe-testing machines, Coin's team of seven has been working furiously to perfect the final prototype of an unlimited credit card. No, not one that will let you charge with abandon. Rather, a device as slim as a standard piece of payment plastic that can hold countless credit, debit, and gift cards in its dynamic magnetic stripe.
Kanishk Parashar, the CEO and founder of the Y Combinator-backed startup, embodies the effort-worn entrepreneur. "I got to work out today," he said, eyeing the limited set of weights … Read more
Mt. Gox, the world's largest Bitcoin exchange, has filed a countersuit against CoinLab that demands the return of more than $5 million in customer funds it claims its one-time partner still holds.
The lawsuit, filed last week in US District Court for the Western District of Washington, came in response to a $75 million breach of contract lawsuit that CoinLab filed against Mt. Gox in May. The two companies reached an agreement last year under which CoinLab would manage Mt. Gox's Bitcoin exchange operations in the US and Canada.
The partnership was designed to smooth the Bitcoin trading … Read more
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This week on Crave, we stand under the Listening Cloud, an LED sculpture that storms according to social-media activity. Jimmy Kimmel reveals that he's been making fake viral videos on YouTube, and a frog photobombs a NASA rocket launch. Oh yeah, and we listen to the soundtrack of outer space. All that and more on our latest episode. … Read more
It's a penny! It's a dollar! It's a Superman coin! Canada lays claim to half of the Superman creation team. Canadian Joe Shuster invented the famous superhero along with American Jerry Siegel. That's why the Royal Canadian Mint has chosen to honor the Man of Steel with a special 75th anniversary coin set.
The coins are shinier than a speeding bullet, smaller than a locomotive, and able to be carried into tall buildings in a single pocket. They are also legal tender, though you're not going to want to drop them into a vending machine. One of the least expensive options is a $10-face-value silver coin depicting Superman breaking chains around his chest. The price to acquire the coin is about $44.… Read more