NYSE adds Bitcoin Index
The New York Stock Exchange is launching a new Bitcoin index (NYXBT). It will track the dollar value of one bitcoin based on how the currency trades at select exchanges. “Bitcoin values are quickly becoming a data point that our customers want to follow as they consider transacting, trading or investing with this emerging asset class,” said NYSE Group President Thomas Farley in a statement. This move adds a new layer of credibility to the most popular cryptocurrency.
PayPal Has to Pay $25 Million for Being Sketchy as Hell
After the Consumer Financial Protection Bureau filed a complaint against PayPal today, the company quickly agreed to refund $15 million to customers it ripped off over the past few years.
PayPal will also pay an extra $10 million in fines to the CFPB, so the total settlement is $25 million. The CFPB accused PayPal of all sorts of schemes, so many that it kinda sounds like PayPal is run by my Grandpa Hirtz in his 1980s casino-boat drinking days rather than business professionals.
Read more at Gizmodo.
LG Display shows off press-on wallpaper TV under 1mm thick
LG Display, the screen-making subsidiary of LG, is dedicated to OLED panels, and it has unveiled an impossibly thin television to prove it.
At a press event in its home country of Korea on Tuesday, LG Display showed off a “wallpaper” proof-of-concept television. The 55-inch OLED (organic light-emitting diode) display weighs 1.9 kilograms and is less than a millimeter thick. Thanks to a magnetic mat that sits behind it on the wall, the TV can be stuck to a wall. To remove the display from the wall, you peel the screen off the mat.
The unveiling was part of a broader announcement by LG Display to showcase its plans for the future. The company said its display strategy will center on OLED technology. According to a press release, the head of LG Display’s OLED business unit, Sang-Deog Yeo, said “OLED represents a groundbreaking technology” not only for the company, but also for the industry.
