Louis Vuitton is making a luggage tracker

A smartphone app and recent FCC filing strongly hints that Louis Vuitton has a new tech product on the way: A luggage tracker that pairs with particular bags sold by the fashion company. Sources tell Engadget that it will be the first such device to...

Kibbo Lotto to Repay Investor Faith with $13 Mln Distribution Plan

Kibbo Lotto, an international decentralized Lotto powered by Blockchain and Ethereum smart contracts, is repaying the faith to their investors by launching a $13 mln distribution plan. Over 4500 partners had already received distribution money and it’s still on. Disclosure: This is a Sponsored Article While still in full development, Kibbo states that they are in a position where they make this payment to investors and not jeopardize the continued process. It comes because of the personal consideration of the team from the Kibo’s marketing fund. Distributed funds Kibo are looking to be first in ICOs to distribute funds to their partners, including Kibo Platform owners, with their plan to distribute $13 mln between holders of tokens and platforms. Kivo will be making it worthwhile too as they plan to distribute in an amount of investments in US dollars at the time of the ICO with an additional double-rate charge. “For example, this means that if you spent $500 to purchase tokens or platform, then, according to the distribution plan, you will be credited with $1,000,” a statement read on their site. “The distribution plan does not in any way affect the further development of Kibo. As we already mentioned earlier, large team is working on the project, and in the coming months we will publish a lot of news.” For their token distribution, in order to keep up with the surging ETH price, Kibo have decided to fix the rate for distribution. A new solution Additionally, the issues of scalability are nothing new, and will continue to cause problems with the huge influx of users and innovators, but this is something Kibo is looking to tackle head on as their team has designed a new solution that in preliminary tests allowed to significantly reduce gas costs of Kibo contracts, which can become a solution that will allow the platform to launch in the current network conditions and accept the first users. The hope is that while the scalability issue continues on the Ethereum chain, Kibo’s proactive approach could see them complete their code refactoring by the end of this year, or early next. The results of this work would lead them to seek to launch the first version of Kibo, which will be able to accept a limited number of users, in the first quarter of 2018. Kibo are at least trying to make a plan with the limitations that they face, but they also make note that a full global launch is still a while away as they will need the network’s issues to be solved organically.

MacOS High Sierra Facing a New Password Bug

This new flaw isn't as serious as the MacOS High Sierra bug Apple shored up in November. Still, this isn't a good look for the Cupertino tech giant.

Intel details performance hit for Meltdown fix on affected processors

Now that the Meltdown and Spectre cats are out of the bag and patches are being issued left and right, the main question people have is: will this affect my everyday work? Intel’s latest performance metrics suggest that yes it might, but not too much — more so if, like me, you have an older processor. Read More

Microsoft’s Website Reinstates Bitcoin Payment Functionality

It didn’t take Microsoft all that long to fully reinstate its Bitcoin payment option. A few days ago, the company announced it no longer considered BTC to be an active payment instrument. Customers could still fund their accounts with Bitcoin, but that was the only option available to them. In a new turn of events, the company has restored full Bitcoin payment functionality. This was thanks to some help from BitPay, the company processing BTC payments on behalf of the technology giant. Microsoft Embraces Bitcoin Once Again Earlier this week, we reported on how Microsoft had suddenly halted most of its Bitcoin payment functionality. Given the currency’s slow confirmation times and high network fees, that decision was not entirely unexpected. Bitcoin is not in the best of places right now, as it is marred by technical issues which are very difficult to overcome. Until the scaling problem can finally be resolved, it’s highly unlikely Bitcoin will become cheaper or faster to use. For a store-of-value, it seems to check a lot of the right boxes, even though the Bitcoin price has been anything but stable in the past few weeks. As a result, Microsoft had decided to halt most of its Bitcoin payment options. Customers in the US were only able to pre-fund their Microsoft Store accounts with Bitcoin, which was still more than sufficient for most people. However, it seems Microsoft faced some backlash over this decision. Rather than dropping the Bitcoin option altogether, the company actively sought a solution to this ongoing problem. It is definitely leading by example in this regard, as plenty of other companies would rather drop Bitcoin altogether. In the case of Microsoft, the company was concerned about how lower amounts paid in Bitcoin would affect its business. Given the high Bitcoin network fees right now, many payment amounts are lower than the associated fees. As a result, it makes very little sense for both consumers and retailers to deal with Bitcoin. It is an uneasy situation which has been present for quite some time now, but there is no short-term solution in sight whatsoever. It is evident Microsoft still believes in a bright future for Bitcoin payments, but it is not turning a blind eye to the ongoing problems either. No one can argue Bitcoin has a lot of issues to sort out, but doing so is much easier said than done. As these problems linger, competing cryptocurrencies with faster transactions and cheaper fees are taking center stage. Nevertheless, full Bitcoin payment functionality has been restored to Microsoft’s website. It is unclear if this payment option has ever been popular, even though the technology giant initially began supporting it in 2013. A company wouldn’t stick with Bitcoin for nearly five years if it wasn’t worth their while. For now, it is anybody’s guess as to how things will evolve in the future. The bigger question is how other retailers will respond to Bitcoin in the midst of the issues which have held back its mainstream adoption. The general public’s interest in Bitcoin was always rather lacking even before these problems emerged. Fighting an uphill battle is nothing new in the world of cryptocurrency, but it seems the climb only gets steeper every year.

The challenge of showcasing weed tech at CES

There was, as expected, a thin scent of weed in Roger Volodarsky's 28th-floor Mirage hotel suite as the Puffco CEO and founder demonstrated his latest product. It was 11:30 PM the night before CES opened, and seven attendees gathered in the living r...

Dropbox files confidentially for IPO

Dropbox has filed confidentially for IPO, according to Bloomberg. TechCrunch has also been hearing that the cloud company plans to go public in early 2018. The San Francisco-based company has been around since 2007 and there’s been speculation for years that it was getting closer to going public. But its $10 billion valuation raised the stakes, putting pressure on the company to wait… Read More

OnePlus weighs in on smartphone strategy and the value of trust

OnePlus released two great smartphones in 2017, but the smartphone startup is facing more and better competition than ever before. That's great for you and me, but much trickier for a startup still trying to carve out a notable niche for itself. What...

HTC Vive Pro Is Sharp, Advanced, and Impressive

HTC's new Vive Pro virtual reality headset features one of the sharpest displays we've seen in VR, and the Vive wireless adapter lets SteamVR users finally cut the cord.

Need a New Outfit? This Jacket Is Made of E Ink

In E Ink's booth, we saw a 'matador style' jacket that shifted from white to black and back.