Christoper Plummer, Laura Dern take home first honors of the night at the Golden Globes.
Last week, the Knight-Mozilla News Technology Partnership invited 20 developers, designers, and journalists to take part in a week of hacking and making in Berlin. I forget at what point in the planning one of the participants jokingly called it “Hacktoberfest,” but the name stuck. And so now…
Besides actually voting, endorsing on Votizen is the call-to-action for this great campaign video. We think it’s the first of many as we get into the 2012 election season.
Math breakthroughs don’t often capture the headlines—but MIT researchers have just made one that could lead to all sorts of amazing technological breakthroughs that in just a few years will touch every hour of your life.
This was a banner week for Android news as Steve Wozniak’s statements about the increasingly popular Android system took several spots on our list. Add some helpful hints to excel in the workplace, awe-inspiring photos, and science news and you have your weekend reading list. Make sure you…
When Cameron Diaz stepped out in Paris this week, her fans were left scratching their heads at her new look. It was a big departure from her look back in 2007 (in gold).
Was it her sleek bob, combed back off of her face?
Was it her freshly bronzed tan look? Nope, not that either.
It was Cameron’s face that was looking a little … different.
The actress wasn’t immediately recognizable, but she seemed to be loving the new look.
What do you think of Cam’s new look? Let us know!
[Update: As-of February 11, 2011 Paxum has suspended its transfers to and from Bitcoin exchanges and BitInstant, a financial intermediary. A new blog entry will be posted once further details are known.]
Paxum (@PaxumInc) has introduced electronic funds transfer (EFT) for customers in nearly two dozen countries. For the first time those holding bitcoins in those countries can now use an exchange to move funds to Paxum (directly with Mt. Gox, Intersango and TradeHill or indirectly through the use of BitInstant) and from there withdraw as an electronic bank transfer.
Paxum does require the customer to first prove identity during the set up of the customer account (with two forms of photo identification required for customers in areas considered risky) however subsequent transactions will occur in a more timely manner.
The Canadian registered money service business been offering global money transfer and merchant payment services since 2007. Paxum is among the financial organizations whose service offerings mesh relatively well with the needs of Bitcoiners. This new EFT offering is the first such electronic link between Bitcoin and the banking systems in many nations. The full list of countries where Paxum funds may be withdrawn via an EFT now includes:
- Hong Kong
- United Arab Emirates
- United Kingdom
- United States
Additionally, Paxum announced that it has resumed its ACH service, giving the ability for customers in the U.S. to load and withdraw funds between their bank and Paxum.
Customers may hold balances with Paxum in USD, CAD, EUR and GBP through a wallet for each currency desired.
This EFT withdrawal will likely be valued by immigrants wishing to send remittances to family members back home. Recently the U.S. Consumer Financial Protection Bureau issued new rules requiring greater transparency regarding fees along with additional regulation. To-date, Bitcoin hadn’t been particularly useful for remittances due to Bitcoin exchanges not having banking relationships in the developing countries where the bulk of remittance transfers land.
From the U.S. alone there are US$400 billion in remittance payments made annually and globally nearly that same amount in remittances are transferred each year to just to developing nations.
tl;dr: Paxum just expanded to the developing world — a new frontier for Bitcoin.
‘Soapboxes’ (as we’ve called them) are boxes that are hidden by default but will appear when something is clicked (usually a three dot symbol), they’re full of useful post information and quick links.
You can see it in action on Root theme by clicking any image that has a three dots over it (when hovered over).
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