Archive for November, 2013

Fantasy Sports Provider DraftKings Raises $24 Million

Via Vator TV, a report on DraftKings, a firm that has already awarded over $50 million in prizes this year: Back when I had the time, I used to be really into my fantasy baseball. I’d read all the blogs, watch baseball shows and pay close attention to which players were quietly making a name […]

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SynCurrency: Bitcoin – Digital Currencies’ Napster?

Via The Economist, interesting commentary that bitcoin is to digital currencies as Napster was to music —an experiment whose ultimate failure will pave the way for others to transform the industry: BITCOIN is booming. Investors are piling into the digital currency, which is not issued by a central bank but is conjured into being by […]

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New Jersey Opens Up For Online Gambling

Courtesy of The New York Times, a more detailed look at New Jersey’s decision to allow online gaming: New Jersey began allowing Internet gambling on Tuesday in a much-watched bet that there are untapped sources of revenue on bedside iPads and cubicle desktops, and even among people checking their phones while they wait in line […]

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SynCurrency: What The Bitcoin Bubble Really Says About The Cryptocurrency

Via ReadWriteWeb, an article on bitcoin’s role as an investment asset, not a transactional currency: Back in October, I bought $20 worth of Bitcoin for a ReadWrite article. Since then, I’ve watched my meager 0.119 coins soar in value.  When my stash peaked at $71 this week, I determined to sell out. I settled on […]

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New Jersey Becomes 3rd State to Offer Internet Gambling

Courtesy of Time magazine, a report on New Jersey’s entry into online gaming: For the first time, people in New Jersey will be able to click a mouse or swipe a screen to gamble online. A five-day trial period of Internet gambling begins at 6 p.m. Thursday when players invited by casinos to test their […]

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SynCurrency: A Crypto Crisis Or A Crypto Triumph?

Via The Financial Times, a multi-part series on bitcoin: 1. When memory becomes money; the story of Bitcoin so far Okay… Requests have been made, so here is a quick “story so far” on Bitcoin. Consider this a perfect dinner party cheat. First off, Bitcoin is best described as a virtual crypto/digital parallel currency that […]

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