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Cryptocurrency is the new hype in the town. People are investing madly in cryptocurrency since the success of Bitcoin in the past few years so much so that the Bitcoin now has a market value of about $180 million. With cryptocurrency comes the massive risk of volatility as evident by the steep rise and fall in the price of Bitcoin in the past few months. While the Bitcoin witnessed a low of $8,757 this week on 26 November, it bounced back to an all time high of $11,000 yesterday. But in just a few minutes after reaching an all time high of $11,000 it dropped steeply to a low of $9,290 in just a few minutes. According to social media, the price decline coincides with reports that GDAX, the exchange offering of cryptocurrency startup Coinbase, had seen a service outage that is currently ongoing. Data from GDAX indicates the exchange hit a low of $8,593 before going offline. Social media reports also suggest that Bitstamp and Gemini hav...

Elon Musk is everywhere nowadays when it comes to technology. From revolutionizing the electric car industry to the hyperloop concept, he has surely achieved a lot in a short span of time. This time, he has come up with the World’s largest Lithium ion battery, and no, it’s not for the next Tesla or SpaceX, but it will be used in South Australia for it’s crippling energy problems. The billionaire innovator threw down an open challenge to the Australian government on twitter that he and his team can build and install a 100-300 MW powerhouse required to prevent power shortages causing blackouts in the state in less than 100 days. Musk tweeted,” 100 days from contract signature or it’s free.” in a deal initailly negotiated over twitter. The team is well ahead of time and will be running the test runs on the battery in the coming weeks. Tesla Powerpacks have been installed and connected at Neoen’s Hornsdale windfarm, north of Adelaide, and battery tests will be run to ensure...