NYSE adds Bitcoin Index
The New York Stock Exchange is launching a new Bitcoin index (NYXBT). It will track the dollar value of one bitcoin based on how the currency trades at select exchanges. “Bitcoin values are quickly becoming a data point that our customers want to follow as they consider transacting, trading or investing with this emerging asset class,” said NYSE Group President Thomas Farley in a statement. This move adds a new layer of credibility to the most popular cryptocurrency.
PayPal Has to Pay $25 Million for Being Sketchy as Hell
After the Consumer Financial Protection Bureau filed a complaint against PayPal today, the company quickly agreed to refund $15 million to customers it ripped off over the past few years.
PayPal will also pay an extra $10 million in fines to the CFPB, so the total settlement is $25 million. The CFPB accused PayPal of all sorts of schemes, so many that it kinda sounds like PayPal is run by my Grandpa Hirtz in his 1980s casino-boat drinking days rather than business professionals.
Read more at Gizmodo.
LG Display shows off press-on wallpaper TV under 1mm thick
LG Display, the screen-making subsidiary of LG, is dedicated to OLED panels, and it has unveiled an impossibly thin television to prove it.
At a press event in its home country of Korea on Tuesday, LG Display showed off a "wallpaper" proof-of-concept television. The 55-inch OLED (organic light-emitting diode) display weighs 1.9 kilograms and is less than a millimeter thick. Thanks to a magnetic mat that sits behind it on the wall, the TV can be stuck to a wall. To remove the display from the wall, you peel the screen off the mat.
The unveiling was part of a broader announcement by LG Display to showcase its plans for the future. The company said its display strategy will center on OLED technology. According to a press release, the head of LG Display's OLED business unit, Sang-Deog Yeo, said "OLED represents a groundbreaking technology" not only for the company, but also for the industry.
The comments echo the refrain consumers have been hearing for years as display technology has evolved. The HD craze kicked into high gear years ago with technologies like LCD (liquid crystal display) and plasma, but has since been moving increasingly toward LED technology. OLED is widely believed to be the next frontier.
Read more at CNET.
Google's latest experiment brings new superpowers to Chrome browsers
Google's latest experiment might be the coolest Chrome extension we've seen yet.
Tone, the company's newest homegrown browser add-on, uses sound to quickly share URLs with anyone nearby. The extension is available now in Chrome's web store and can be used by any Chrome user, regardless of what type of computer they have.
In order for the extension to work, it must be installed on at least two computers that are close enough to be "within earshot" of each other and each machine must have its volume turned on. Once the tab you want to share with your neighbors is open, click on the extension in your browser's toolbar, wait for the series of beeps, and the link will be shared to all nearby computers via a Chrome notification.
Read more at Mashable.
Facebook Instant Articles: Fish Where the Fish Are
Facebook recently launched “Instant Articles, a new way for publishers to create fast, interactive articles on Facebook.” According to Facebook, this new publishing platform is “Fast and Responsive – Leveraging the same technology used to display photos and videos quickly in the Facebook app, articles load instantly, as much as 10 times faster than the standard mobile web.” Initial launch partners include the New York Times, BuzzFeed, NBC News, National Geographic, The Atlantic, The Guardian, BBC News, Spiegel online and Bild.
The user experience is outstanding. If you haven't tried it, visit Facebook Instant Articles right now. Do it from your iOS mobile device, because while Instant Articles may one day be great on a laptop or desktop or even an Android device, for now this is best experienced on an iPhone.
The initial launch partners are well incentivized. According to Adweek, they will get the analytics they need to help them sell ads on the platform and get to keep 100 percent of the revenue. If they have excess inventory, Facebook will sell it for them and take a 30 percent cut.
This is a surprisingly good deal for both publishers and Facebook. Publishers get a new, massive distribution platform and Facebook gets to delight its audience with excellent content and an equally excellent experience.
Read at ShellyPalmer.com.
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