Digital currency billionaire and entrepreneur Jeffrey Berns has revealed plans for a smart city to rise out of the sands of the desert in Nevada, USA.
The city will stretch over nearly 70,000 acres and be home to around 250,000 people.
Homes, businesses and infrastructure will benefit from the latest technologies – artificial intelligence, nanotech, 3D printing and the blockchain.
Berns was the man behind the blockchain, the technology that underpins cryptocurrencies.
The smart city – called Graphene Valley – will give control of the infrastructure to residents through the blockchain.
Exactly how remains to be seen, with Berns promising to unveil more of his plans over the coming months.
“I’m somebody who always dives headfirst into everything. You go big or you go home. I’ve filed class actions against 60 of the largest banks in the world. That’s just how I do things. If we’re going to do this, we must do it right and do it big,” he said.
Berns also disclosed he had already spent almost $300 million on the project.
Time comes for Bitcoin watch
The latest luxury timepiece from designer Hublot is a $25,000 watch that can only be purchased with Bitcoin.
Hublot is limiting the Meca-10 P2P to a special edition of only 210 – one for every million Bitcoin that can go into circulation as a celebration of the 10thanniversary of the cryptocurrency.
The bad news is, if you want one, the company has already had more than 210 orders.
Response has been so good, another crypto-based timepiece will follow soon, says CEO Ricardo Guadalope.
Paltrow launches crypto wallet
Movie superstar Gwyneth Paltrow has launched a cryptocurrency wallet as part of her online lifestyle brand Goop.
The venture is a collaboration with Billy Barhydt, CEO of cryptocurrency exchange Abra.
In the UK, consumer watchdog the Advertising Standards Authority is investigating 113 allegations against Goop for endangering the shoppers by promoting ‘potentially dangerous’ and ‘unproven’ health products.
The web site paid $145,000 in fines to regulators in California last month for failing to prove health claims about products.