Virtual currencies challenging traditional banking system

Virtual currencies challenging traditional banking system

“I think we’re heading for a currency crisis,” Nicholson said this week. “Change is coming and I’ve looked at this for years. It’s not pretty but life is about change and hopefully some good comes of it.

“I think there is a massive transfer of wealth coming. I look at the markets today and there is so much volatility. I’ve been a trader for 20 years and I’ve never seen markets like this. It isn’t normal and the volatility is increasing.”

Wireless data from every lightbulb

What if every light bulb in the world could also transmit data? At TEDGlobal, Harald Haas demonstrates, for the first time, a device that could do exactly that. By flickering the light from a single LED, a change too quick for the human eye to detect, he can transmit far more data than a cellular tower — and do it in a way that’s more efficient, secure and widespread.

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