technology

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According to published reports, for the first time in four years Venezuela is set to send an ambassador to the US. This comes despite the fact that Venezuela's president is accusing Washington of fomenting violent anti-government protests – protests that have left more than a dozen people dead. 

Just last week, Venezuela expelled three US diplomats accused of conspiring with student protesters, a charge rejected by the Obama Administration. But that's not to say there's been no Texas role – albeit an unofficial one.  

"The website of major bitcoin exchange Mt. Gox was offline Tuesday amid reports it suffered a debilitating theft, a new setback for efforts to gain legitimacy for the virtual currency," The Associated Press reports.

Also Tuesday, all the posts had been erased from the Mt. Gox Twitter account.

With digital cameras and camera phones everywhere, there are few moments we don't document. But some designers still think we're missing the opportunity to capture some important, simple moments. The solution: the Narrative Clip, a wearable camera that automatically and silently snaps an image every 30 seconds.

Kelly Krupa/KUT

The first cash-dispensing Bitcoin ATM machine in the U.S. launched today, and it’s right here in Austin.

Bitcoin is a form of digital currency that was first developed in 2009; it is a peer-to-peer payment system that operates outside of a central authority or bank. As previously reported by KUT, Bitcoin was created for and traditionally used as a web-based currency, but some are attempting to move the currency offline.

The new Bitcoin ATM represents a big step in the process of trying to brand Bitcoin as a more “mainstream” form of currency.

flickr.com/rutlo

For KUT News and Reporting Texas

Another competitor is joining the fiber arms race in Austin.

San Marcos-based Grande Communications says it will begin rolling out its own super-fast Internet service – offering speeds up to 1 gigabits per second (Gbps) – in select Austin neighborhoods starting next week. The service, which Grande is calling “Power 1000,” would cost $65 per month, with no contract or activity monitoring.

As a comparison, Internet speeds of 1 Gbps allow a user to download a full-length film in about 10 seconds, compared to over two minutes with a 50 megabits per second (Mbps), which is generally the top-tier speed offered to consumers by most Internet service providers.

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