Bitcoin ATM founder implants NFC chip

In this edition of the Worldwide Wrap, the founder of a bitcoin ATM firm has gone to great lengths to highlight the digital currency;and Mastercard and Visa have announced plans to ditch the need for customers to enter passwords as a means of confirming their identity.

Martijn Wismeijer, the Dutch founder of a bitcoin ATM firm has gone to great lengths to highlight the digital currency - implanting near-field communication (NFC) chips under his skin so he can use his hand to access his Bitcoin wallet. Earlier this month he decided the safest place for the private keys that will unlock his bitcoin wallet, was under the skin on his hands.

He posted a video online showing himself and some interested parties having the implant -- a 2mm x 12mm glass chip that stores 888 bytes, according to a report by International Business Times (IBT) -- secured under the skin using a syringe. While there's not much memory on the chip, it's enough to store things like key codes for a bitcoin wallet or other passwords.
Via: Wired

Mastercard and Visa have announced plans to ditch the need for customers to enter passwords as a means of confirming their identity.

Current systems - MasterCard SecureCode and Verified by Visa - are both based on the 3D Secure protocol, which works by forcing people to enter a password into a pop-up window, so that the card issuer can confirm their identity before the transaction completes.
Via: Telegraph

Twitter shares got a respite from their recent slump Wednesday as management laid out its long-term vision for investors and analysts, but the stock was right back in the red Thursday. Adding to the malaise was a junk-level credit rating from Standard & Poor's, which highlighted the risk that Twitter may still be a few years away from the type of bottom-line results investors want.

Shares of Twitter lost $2.49, or 5.9%, to $40.05 Thursday afternoon, a day after rising $2.95, 7.5%, to $42.54.
Via: Forbes

Reddit, the popular online community message board, wants to grow up into a viable business. Now, it is going to try to accomplish that under new management.

The company announced on Thursday that Yishan Wong, Reddit's chief executive, resigned from his position after two and a half years of service. The exact circumstances around Wong's departure are unclear, though in the blog post, Altman attributed the shift to a dispute over the location and lease of a new office for the company.
Via: CNBC

President Barack Obama said the Federal Communications Commission should view access to the Internet as a basic right ? strongly endorsing a concept called "net neutrality".

He proposes defining the Internet as a public utility, making it difficult for service providers like AT&T, Cox and Time Warner to create frameworks that could put up barriers to getting online, such as faster speeds for users who can pay for it.
Via: BBC

Vodafone CEO, Vittorio Colao, has dismissed the Apple Soft-SIM as "just an EE SIM" and said it would not be supported by his company.

"To me, a SIM which can switch from one operator to the other [but] ... is locked - I'm not sure how much to support [it]," the charismatic CEO said.
Via: Register