Bitfinex exchange customers to get 36 percent haircut, debt token

Crypto-currency exchange Bitfinex, whoch lost $72 million to hackers last week, told customers on Sunday they would lose just over 36 percent of the assets they had on the platform but would be compensated for these losses with tokens of credit.The Hong Kong-based exchange said losses from the theft would be shared, or ”generalized”, across all the company’s clients and assets, widening the group of those affected announced last week.”This is the closest approximation to what would happen in a liquidation context,” Bitfinex said on its website early on Sunday.”Upon logging into the platform, customers will see that they have experienced a generalized loss percentage of 36.067 percent.”The company said it would also give all affected clients a ”BFX” token crediting their losses that could be redeemed by the exchange or for shares in iFinex, the exchange’s parent company.Bitfinex said it would explain its methodology in a later update and that it was talking to investors about how to fully compensate its customers.

Frank Ocean skjuter ytterligare på sitt album

Frank Ocean har hintat om albumet ”Boys don’t cry” med jämna mellanrum i flera år. Många trodde att den femte augusti var det sanna datumet. Men nu verkar det, kanske, komma ut i november istället.Frank Oceans album ”Boys don’t cry”, som varit på gång i fyra år, verkar dröja ännu mer.Efter en långt väntan trodde många att det äntligen var bekräftat färdigt, efter att NY Times uppgav att en källa på Apple Music angett den femte augusti som releasedatum.Men det har rått fortsatt stiltje på ”Boys  don’t cry”-fronten under dagen.

Wasting Time on the Internet?

Two years ago, Kenneth Goldsmith, the University of Pennsylvania poet and conceptual artist, taught a creative writing course he called “Wasting Time on the Internet.” Students would do just that, probing the tedium of the internet. But thanks to in-class use of social media, the class also became a creative ferment of improvised dance, trust experiments and inquiries into the modern nature of the self and the crowd.

The constant experimentation changed Mr. Goldsmith into a self-described “radical optimist” about the internet, too. While many of his peers worry about the effects that endless tweets and bad videos have on our minds and souls, he sees a positive new culture being built. The first poet laureate of the Museum of Modern Art, appointed in 2013, he believes we are headed into a creative renaissance, one with unprecedented speed and inclusion.

Meanwhile, the class has evolved into a seminar on collective “time wasting” that Mr. Goldsmith has held in several countries, and it returns to Penn this fall. His new book, named after the course, will be available this month.