Chinese city signs up for hyperloop project

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The city of Tongren, in the southwestern Chinese province of Guizhou, has signed an agreement with Hyperloop Transportation Technologies (HyperloopTT) to develop the futuristic tube-travel system envisaged by Elon Musk.

HyperloopTT and Tongren Transportation & Tourism Investment Group announced the agreement yesterday, saying HyperloopTT would provide technology, engineering expertise and equipment, while Tongren will be responsible for certification, the regulatory framework and construction of the system.

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Feds are free to sell seized Silk Road bitcoins worth $25 million

Tibanne CEO Mark Karpeles At Mt.Gox Bitcoin Exchange And Bitcoin Images

The U.S. Marshals will likely auction off the Bitcoins.

The online drug bazaar, Silk Road, was taken down this past October by the feds.  Nearly, 30,000 bitcoins in Silk Road’s coffers was seized in the process.  Last week, the Manhattan U.S. Attorney’s office, which is prosecuting the Silk Road case, announced that a judge had signed off on a forfeiture order for those coins. That means they’re now free to get rid of the 29,655 bitcoins, worth about $25 million at Bitcoin’s current $850 value.

 

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