By Brendan McGarry
Published February 20, 2014
The Smart System iP1. (ARMATIX)
The first so-called “smart gun” has hit the shelves at U.S. retail outlets, including one of the biggest firearms stores in California, according to the Washington Post.
The Smart System iP1, a .22-caliber pistol made by the German gun-maker Armatix GmbH, can only function with an accompanying wristwatch, which is sold separately.
When the RFID-equipped watch is activated by a PIN number and placed near the gun — like when a shooter grips the handle — it sends a signal to unlock the gun and a light on the back of the weapon turns green, according to the report. Otherwise, the firearm stays locked and the light on the back remains red, it stated.
The pistol sells for $1,399 and the watch retails for another $399 — more than double the cost of .40-caliber Glock handgun, according to the article.
The company is betting that demand for the technology will increase as consumers seek guns modified for safety.
Winkdex: the name sounds like an X-rated cleaning product. But that doesn’t mean the latest brainchild from the Winklevoss twins is a bad idea.
As the New York Times reported, the Winkdex (ugh!) launched on Wednesday, and offers Bitcoin watchers a new way to track the value of the currency, by blending the value of three top currency exchanges. It looks like this:
The website has the potential to be an important new pricing metric since the cost of a bitcoin has historically varied significantly between one exchange and the next. And while other sites, like Coinbase and Bitstamp, offer price trackers too, their charts are less detailed and transparent. The Winkdex price is based on a formula based on the highest exchanges by volume (Mt. Gox, recently the biggest exchange in the world, is excluded due to its recent troubles.)
The Winkdex, then, could help the virtual currency…
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Facebook (s fb) will acquire messaging company WhatsApp for $16 billion, according to an SEC filing Wednesday. The purchase price includes roughly $4 billion in cash and $12 billion in Facebook stock. An additional $3 billion in restricted stock could be paid out over four years to WhatsApp employees.
This is the largest acquisition the social media company has made to date, nearly 16 times as much as the company paid for Instagram in April 2012.
In a blog post, Facebook pointed to some numbers to help illustrate its decision to acquire WhatsApp. The app has 450 million active users, 70 percent of whom are active in a given day, and is adding over a million new registered users each day. And messaging volume within the app is approaching levels equal to SMS messaging globally. That level of adoption seems to be the clincher for Facebook, which…
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Cloud collaboration pioneer Box has filed paperwork for its initial public offering, according to a report on Quartz. The article cites an unnamed source who said Box filed its S-1 form in secret — as did Twitter over the summer — taking advantage of a provision in the JOBS Act for companies earning less than $1 billion in annual revenue.
While the exact timing might have come as a surprise, if the report is accurate, it was no secret that Box has been positioning itself for an IPO for some time.
The company has been growing like crazy, too, and racking up stacks of venture capital along the way. Box Founder and CEO Aaron Levie told us on a podcast appearance in September that the company grew revenue 150 percent in 2012 and expected it to increase another 100 percent in 2013. The company announced a $100 million…
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The world champion boxer and king of sports gambling has reportedly put down his biggest bet ever on this Sunday’s Super Bowl.
When it comes to sports betting, Floyd “Money” Mayweather more than lives up to his nickname. Mayweather is frequently rumored to throw down millions of dollars on a single sporting event, putting big bucks down on important events like BCS Bowl Games, the NBA Playoffs, and the Super Bowl. He claims he averages $100,000 in bets per week, and sometimes bets big on an obscure game simply because he feels like it.
According to Grantland, Mayweather had tweeted 53 betting slips worth $4 million total as of September 2012 – and Mayweather is 52-1, and still tweets winning betting slips semi-frequently. With this kind of record, Mayweather is either the luckiest man in the history of gambling, a psychic, or a time-traveler.
Of course, very few people actually believe this record. Mayweather never tweets a betting slip before the event happens. When he loses, Mayweather probably throws the betting slip into his fireplace and nobody will ever hear of it. The sole losing slip was probably posted to his Twitter feed to portray his streak as a little more credible (but still impossible nonetheless).
Mayweather could be up to his old tricks once again this Super Bowl. Vegas Gambling Steam, one of the most followed sports gambling sources on Twitter, tweeted that Mayweather bet $10.4 million on the Denver Broncos to beat the Seattle Seahawks by more than two points. Other gambling sources have confirmed the bet.
However, the International Business Times reported that Mayweather told his personal massage therapist that the rumor is false. Even if Mayweather is playing coy, the world will only know find out for sure if the Broncos win. A Seattle victory would be a humiliating loss for Mayweather and he would surely dispose of the ticket promptly.
For those unfamiliar with sports betting, here is a brief description of basic terminology.
Spread Bets: This is essentially the handicap for the two competing teams. Betting on a team that is -7 means that seven points is subtracted from the team’s final score. Meanwhile, a team that is -7 has seven points added to their score. Therefore, a team with a minus spread is the favorite, while a team with a plus spread is the underdog.
Money Line Bets: Simply put, these are bets on the winner of a game. Betting $100 on an underdog that is +225 will win $225. A favorite that is -450 requires a $450 bet to win $100. Teams can have money lines anywhere from -10,000 to +10,000.
Floyd Mayweather’s Most Infamous Wagers:
(Some rumored and some confirmed via Mayweather’s Twitter and media interviews)
Bet: $5.7 million on Heat -7 vs. Pacers
Game: Game 7 2013 Eastern Conference Finals
Outcome: Win. Heat win 99-76
Bet: $3 million. Michigan Wolverines +14 vs. Alabama Crimson Tide
Game: Week 1 of 2012 college football season
Outcome: Loss. Alabama crushes Michigan 41-14
Bet: $1.8 million on Clippers +7 vs. Grizzlies
Game: Game 1 2012 Western Conference 1st Round
Outcome: Win. Clippers win 99-98 after coming back from 27-point deficit
Bet: 1.1 million on Oregon -7.5 vs. Arizona State
Game: October 17, 2012 regular season
Outcome: Win. Oregon wins 43-21
Bet: $1 million on Patriots vs. Broncos
Game: Divisional Round of 2012 AFC Playoffs
Outcome: Win. Patriots rout Tebow’s Broncos 45-10
Bet: $900,000 on Green Back Packers vs. Seattle Seahawks
Game: September 24, 2012 regular season Monday Night Football
Outcome: Loss. Seahawks win as replacement officials blow final call of the game. Hail mary pass appeared to be intercepted but was ruled a touchdown for Seahawks.
[Image via Twitter]