Web

Going once, going twice: A big bitcoin auction is set to take place in Australia

bitcoin future exchanges coming soon bitcoins
Steve Garfield/Flickr
Looking to get your hands on some bitcoins? Consider a trip down under. Next month, around $11.49 million worth of confiscated bitcoins will be auctioned off in Sydney, marking the first time such an auction has ever taken place outside the United States. The big event comes at a time when demand for the cryptocurrency is higher than ever (or at least, higher than it has been in the last couple years).

On Monday, Ernst and Young announced that the auction would be held on June 20 and 21, and will include 24,518 coins. While the financial services company did not reveal who would be benefiting from the auction, they did note that the bitcoins for sale were “confiscated as proceeds of crime.” This comes as little surprise given the digital currency’s popularity in the “dark web” and in illegal activity, given the anonymity provided by the tender.

But that doesn’t mean that the people bidding next month are ne’er-do-wells themselves — rather, as EY partner Adam Nikitins told Reuters, asset investment managers, currency exchanges, investment banks, and hedge funds in North America and Europe are likely to be making offers.

“Interest in this technology continues to grow,” Nikitins said. “The number of bitcoin transactions since 2012 has quadrupled and parties are seeing more opportunities and uses for the technology.”

Currently, the value of the currency stands at $534.47, which is the highest it’s been since August of 2014, as per CoinDesk. The estimated market value of all the currency in circulation sits at $8.29 billion.

“The trading history of bitcoin has been volatile,” Nikitins added. “But we are now seeing a more steady increase in prices and we are confident of having a hotly contested auction.”

So if you’ve any need for bitcoins, you’ll be able to submit a bid on 11 lots containing 2,000 bitcoins each, and one lot containing 2,518 bitcoins. Best of luck.

Cars

Automakers are spending billions on self-driving technology people are afraid of

Automakers are spending billions of dollars on developing the technology that will power self-driving cars, but research shows consumers have no interest in giving up control. Will they ever recoup their investment?
Business

Patreon is having another go at changing the way it charges creators

Patreon messed up pretty badly the last time it tried to change its payment system. Now it's having another go, though this time the changes mainly affect future sign-ups rather than its current community of creators.
Gaming

Blackout to go? Call of Duty: Mobile is coming this summer

Activision and Tencent have partnered to create Call of Duty: Mobile, a free-to-play version of the popular shooter franchise that will be available on iOS and Android devices this summer.
Gaming

These are the must-have games that every Xbox One owner needs

More than four years into its life span, Microsoft's latest console is finally coming into its own. From Cuphead to Halo 5, the best Xbox One games offer something for players of every type.
Social Media

New Zealand attack shows that as A.I. filters get smarter, so do violators

The shootings in Christchurch, New Zealand were livestreamed to social media, and while stats show networks are improving at removing offending videos, as the system improves, so do the violators' workarounds.
Computing

Edit, sign, append, and save with six of the best PDF editors

Though there are plenty of PDF editors to be had online, finding a solution with the tools you need can be tough. Here are the best PDF editors for your editing needs, no matter your budget or operating system.
Computing

Firefox 66 is here and it will soon block irritating autoplay videos

Do web advertisements have you frustrated? Mozilla is here to help. The latest version of the browser will soon block autoplaying videos by default and will also help make web page scrolling smoother.
Movies & TV

No TV? No problem. Here's how to watch the Final Four online

Whether you want to watch the Big Dance on your phone or on your smart TV, we have the lowdown on all the ways to watch March Madness you can handle. Grab your foam finger and some nachos.
Computing

Pinning websites to your taskbar is as easy as following these quick steps

Would you like to know how to pin a website to the taskbar in Windows 10 in order to use browser links like apps? Whichever browser you're using, it's easier than you might think. Here's how to get it done.
Web

Switch up your Reddit routine with these interesting, inspiring, and zany subs

So you've just joined the wonderful world of Reddit and want to explore it. But with so many subreddits to choose from, exploring them can be overwhelming. Here are some of the best subreddits to get you started.
Computing

Confused about RSS? Don't be. Here's what it is and how to use it

What is an RSS feed, anyway? This traditional method of following online news is still plenty useful. Let's take a look at what RSS means, and what advantages it has in today's busy world.
Computing

Don’t be fooled! Study exposes most popular phishing email subject lines

Phishing emails are on the rise and a new study out by the cybersecurity company Barracuda has exposed some of the most common phishing email subject lines used to exploit businesses. 
Web

How much!? British Airways glitch results in $4.2M quote for family vacation

Website errors sometimes cause flight prices to display at way below the correct price. But British Airways recently experienced the opposite issue when it tried to charge a family more than $4 million for a vacation in Mexico.
Computing

Want to save a webpage as a PDF? Just follow these steps

Need to quickly save and share a webpage? The best way is to learn how to save a webpage as a PDF file, as they're fully featured and can handle images and text with ease. Here's how.