It’s hard to wade through the news overload and keep up with the key things happening in tech, but Chip Chick has the highlights! Let’s jump right into what you need to know!
Some Geniuses Managed To Steal $40.7 Mil In Bitcoin
You read that right, some genius hackers managed to steal $40.7 million in bitcoin. The crypto exchange affected by this is Binance, but these hackers may have stolen more than the amount the company disclosed.
CEO Changpeng Zhao said in a statement about the attack, “The hackers had the patience to wait, and execute well-prepared actions through multiple seemingly independent accounts at the most opportune time. The transaction is structured in a way that passed our existing security checks. It was unfortunate that we were not able to block this withdrawal before it was executed.”
Anyway, it’s looking like bitcoin isn’t as safe as everyone says it is, because this is hardly the first time this has been hacked.
We Might Be Able To Live Past A Century Soon
Bank of America analysts are betting that one of the biggest investment opportunities to get in on within the next ten years lies within the medical tech industry.
Digging down into that, they’re predicting that companies working towards slowing down human death and increasing lifespans are potential goldmines for investors.
This market alone is expected to be worth about $600 billion dollars by the time 2025 rolls around. The cool thing in all of this?
Novartis and Alphabet are allegedly pretty close to being able to succeed at lengthening our lives, and we very well might be able to live past a century quite soon.
Drug Prices Are Coming To A TV Near You
The Department of Health and Human Services just approved a new rule that’s going to make it mandatory for drug companies to disclose pricing on TV as early as this summer.
If the drug price exceeds $35 prior to discounts and rebates, the pricing needs to be included on TV advertising.
Of course, drug companies are already complaining about this new rule, but the level of transparency is nothing but a good move for consumers.
You Can Soon Pay With Cryptocurrency When You Shop At Whole Foods
Gemini, the digital currency company founded by Cameron and Tyler Winklevoss, has partnered up with Flexa to allow you to start paying with cryptocurrency via the scanners that let you pay for things with other services like Apple Pay.
Whole Foods is one of the companies participating in letting consumers soon pay for their purchases with cryptocurrency, along with Starbucks, Baskin-Robbins, and Regal Cinemas.
It isn’t really a new play for cryptocurrency hoping to be adopted on the wider retail front, but so far it hasn’t really taken off. Super slow processing times paired with volatile pricing has probably been the reasons why so far, but maybe things will change.
Feature image courtesy of @tylerfbradley on Twitter
Bre is a female millennial go getter residing in New York. One part entrepreneur, one part geek, she obtained her degree in Textile/Surface Design from The Fashion Institute of Technology.
She has held some exciting roles in both fashion as a designer working for brands like Victoria’s Secret and Henri Bendel, as well as in ad tech working for publishers like Ziff Davis.
Today she operates her own luxury label Bre Avery, along with Chip Chick Media which reaches millions of women each month.
Bre is passionate about teaching women how to build a business and be an entrepreneur, in addition to keeping her readers informed of the latest technology trends and exciting products to improve their lifestyles.
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