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Monday, July 9, 2018
Mark Zuckerberg jumped ahead of Berkshire Hathaway CEO Warren Buffett in the ranklings of the world's richest persons. According to the Bloomberg Billionaires Index, the Facebook co-founder now has a net worth of $81.6 billion.
( JD Lasica | Flickr )
Facebook Founder Mark Zuckerberg Is Now Third Richest Man In The World
Mark Zuckerberg, the 34-year-old co-founder of social media giant Facebook, is now the world's third-richest person, overtaking business magnate and Berkshire Hathaway CEO Warren Buffet in the ranking.
Facebook Shares Climb 2.4 Percent
Zuckerberg, who is just behind Amazon founder Jeff Bezos and Microsoft co-founder Bill Gates, jumped ahead of Buffett on Friday as shares of his social media company climbed by 2.4 percent.
Zuckerberg now has a net worth of $81.6 billion, according to Bloomberg Billionaires Index, making him $373 million richer than 87-year-old Buffett.
Zuckerberg's rise in the ranking has been driven by investors who continued to embrace Facebook despite a data-privacy crisis that caused the company's shares to slide to an eight-month low of $152.22 on March 27.
Facebook Data Breach Scandal
Facebook received major backlash earlier this year following reports that the data of millions of its users were breached and improperly shared with Cambridge Analytica. Zuckerberg had to face Congress and take full-page newspaper ads to apologize for the data privacy scandal as the #DeleteFacebook movement emerged.
"You may have heard about a quiz app built by a university researcher that leaked Facebook data of millions of people in 2014," the ads signed by Zuckerberg read. "This was a breach of trust, and I'm sorry we didn't do more at the time. "Facebook appears to have made it through its worst storm to date, though. Facebook's stock closed at a record $203.23 per share on Friday.
Tech Titans
Zuckerberg's ascent in the ranking solidifies technology as the most robust creator of wealth today, as well as marks the first time that the three richest person alive are all tech titans.
Technology-based fortunes make up about a fifth of more than $5 trillion worth of wealth tracked by Bloomberg index, which tracks the 500 richest people in the world.
Buffet himself has also bet on tech. Berkshire Hathaway purchased about 75 million shares of Apple stocks early this year in addition to the 165 million shares that it already had. Apple is now one of Berkshire's largest holdings.
Charity Giving
Buffett, who is once the world's richest person, slid in the ranking largely because of his charitable giving. The legendary investor has donated about 290 million Berkshire Hathaway Class B shares to charities, most of which went to the Bill & Melinda Gates Foundation.
Those shares are now worth over $50 billion. Zuckerberg also pledged to donate 99 percent of his Facebook stock.
Photo: JD Lasica | Flickr
Sunday, July 8, 2018
One Fifth of Bitcoin is Permanently Lost Real Supply of BTC is Very Low
Stories of lost Bitcoins, abandoned in old laptops, being dug out when cryptocurrency began to surge only to prove inaccessible have become part of crypto folklore. People obsessing over PIN numbers and passwords standing in the way of a new car, a luxury holiday or their kids university funds are common
One-Fifth of Bitcoin is Lost
According to an article in the The Wall Street Journal 20% of all the Bitcoin in circulation is actually lost, existing in limbo, either forgotten about or inaccessible to its owner. Bitcoin is stored in a digital wallet which can only be accessed with the owner’s personal identification number. Unlike the PIN from a bank issued ATM card, a digital wallet PIN address is much longer and considered to be virtually uncheckable.
As cases of Bitcoin loss have risen and been widely reported on they have given birth to a new kind of hunter. Individuals and small firms have emerged to try and help those who have thrown away their personal fortunes, for a fee of course.
One such company called Wallet Recovery Services employees four people, who remain anonymous to maintain the companies discretion, to use whatever information the owner can put together in order to employ a brute force decryption on Bitcoin wallets. The company charges 20% of any coins it recovers, but the process is slow and so far only around 30% successful.
Another option is New York-based We Recover Data. The company began as a resource to help corporations recover lost or damaged data and uses those same techniques to help those who have lost their cryptocurrency. They charge a variable rate depending on the amount of damage or complexity of the security system, but boast a 95% (overall) success rate.
In the same vein is Channelizes which works specifically with the FBI on crypto related crimes. They do not offer their services to individuals and when the WSJ contacted them for an estimate they were told: “more than you can afford.” Working with the FBI they use powerful software which checks throughout the blockchain to locate where thefts have taken place. Software which could be used to recover lost Bitcoin.
High Tech Applications and Old-School Methodology
Going low tech Jason Miller of South Carolina has tuned his skills as a hypnotist to manipulating his client’s memories in order to reveal the repressed information knocking around in their sub-conscious.
“Everybody has a photographic memory. With skilled hypnotic regression, you can access that photograph.” Miller says about his services, that have so far had a 50% success rate, he charges .5 Bitcoin up front and 5% fee of whatever is recovered.
Of course, all of this pain and suffering can be easily avoided by jotting down relevant passwords and PIN numbers on paper, which are then put in a safe place as many exchanges and wallet makers recommend.
Featured image from Shutterstock.
Tags: bitcoin, Bitcoin Analysis, Bitcoin supply, BTC
Friday, June 29, 2018
Whether you want to build your dream international squad or play through the tournamene World’s Game.t with your favorite country, FIFA World Cup™ is the perfect way to play
Whether you want to build your dream international squad or play through the tournamene World’s Game.t with your favorite country, FIFA World Cup™ is the perfect way to play
Monday, June 5, 2017
ہمارا چکوال /Our Chakwal
Chakwal (Urdu: چکوال), (Punjabi: چکوال) is the capital and main city of Chakwal District, Punjab, Pakistan. It is located 90 kilometres south-east of the federal capital, Islamabad [1] and 270 kilometres from provincial captial, Lahore.
History
Chakwal is located in the Dhanni region of the Potohar in northern Punjab, Pakistan. During the Mutiny of 1857 Chaudharials of Chakwal strengthened the hand of the British Raj by escorting the treasury from Chakwal to Rawalpindi and got the khilats and Jagirs.
Chakwal's non-Muslim minorities departed during the independence of Pakistan in 1947 but the city is still in their heart and mind and had never forgotten it.
In April 2009 a terrorist attack on the mosque killed more than 30 people.
Administration
In addition to being the district headquarters, Chakwal city is also the administrative centre of Chakwal tehsil (a subdivision of the district). The Chakwal District is divided into five Tehsils, namely, Kalarkahar, Chohsaidan Shah, Talagang, Lawa and Chakwal. The city of Chakwal itself is divided into five Union councils:[7] and Chakwal district is divided into 68 union councils
Famous People from Chakwal
- Manmohan Singh, Former Prime Minister of India
- Air Marshal Nur Khan
- Awais Zia, Cricketer
| Country | Pakistan  |
|---|---|
| Province | Punjab |
| District | Chakwal |
| Elevation | 498 m (1,634 ft) |
| Population (2012) | |
| • Total | 104,365 |
| Time zone | PKT (UTC+5) |
| Postal code | 48800 |
| Dialling code | 0543 |
| Number of Union councils | 5 |
