A stock market data error this evening set an undetermined number of companies listed on the Nasdaq exchange to a share price of $123.47, sending some tech companies’ stock prices crashing and others’ soaring. In a statement obtained by the Financial Times, Nasdaq said the culprit was “improper use of test data” that was picked up by third party financial data providers. The exchange said it was “working with third party vendors to resolve this matter.”
LONDON — The doorbell woke Yassin Adam just before 1 a.m. A neighbor was frantically alerting others on the fourth floor of Grenfell Tower about a fire in his apartment. “My fridge blew up,” the man shouted.
The money you’ve been using all your life is backed by a government of some sort, and it exists in a tangible way. Bitcoin is neither tangible nor backed by anyone, but it’s still worth a great deal to some people. This digital currency began circulating on the internet in 2009 with each Bitcoin worth just a tiny bit of “real” money, but right now a single Bitcoin is worth more than $2,000. Bitcoin is fascinating from a technological standpoint, but it’s also fueling online crime and violence because of the anonymity it offers. Here’s how Bitcoin works and why you should care.