The Fed's Cold War Bunker Had $4 Billion Cash For After The Apocalypse

New York and DC are piles of ash, but at least your checks are clearing. That was the idea behind the Culpeper Switch, a sprawling bunker built by the Federal Reserve to keep the banks running after nuclear apocalypse. But even some Cold War-era politicians thought it was silly. » 4/24/15 11:56am Friday 11:56am

Neat animation shows what European coins looked like before the Euro

The German Mark. Lithuanian Litas. Estonian Kroon. Irish Pound. Slovenian Tolar. Portuguese Escudo. Greek Drachma. Slovak Koruna. Maltese Lira. Finnish Markka. Dutch Guilder. Spanish Peseta. Luxembourgish Franc. Belgian Franc. Italian Lira. Cypriot Pound. Austrian Schilling. French Franc. Latvian Lats. All got… » 4/08/15 9:36pm 4/08/15 9:36pm

Withdrawing Cash With a Smartphone Could Beat The Card Skimmers

The U.S. loses more money to card fraud than the rest of the world combined — something that's mostly down to the magnetic stripes that make our cards incredibly hackable. Although more secure technologies are coming, they'll require time and money to adopt. But one kindly Canadian bank has a secure system that only… » 3/15/15 11:00pm 3/15/15 11:00pm

Thanks For the Net Neutrality, Oligarchs

"Net neutrality" will be the law of the land following the Federal Communications Commission's vote to reclassify broadband Internet services as public utilities. Please take some time this week to thank the outspoken citizens who made this possible. These heroes of the open Internet are regular folk, just like you… » 2/28/15 10:58am 2/28/15 10:58am

Samsung Wants To Replace Your Credit Cards With These Clever Magnets

Your next Samsung Galaxy smartphone could have a neat trick up its sleeves. Just place your phone next to any ol' credit card reader, and press a button to pay. That's because Samsung just announced that it's buying LoopPay—a company that figured out how to trick magnetic stripe readers to accept your money wirelessly. » 2/18/15 5:10pm 2/18/15 5:10pm

Nintendo's YouTube Plan Is Already Being Panned By YouTubers [Update]

Nintendo launched a new affiliate program yesterday for YouTubers that, on paper sounds like a good thing. It's a way to let YouTubers make money off their Nintendo-related videos on YouTube, after all. But if you look at the finer details, things don't look so great. » 1/29/15 1:12pm 1/29/15 1:12pm

Philadelphia literally burns old money for electricity

What happens to old paper money that's too worn out to be used? It's often recycled and made into everything from dog beds to packing materials. But the Philadelphia Federal Reserve office does something even more unique: They send the old currency to local power plants, where it's burned for electricity. » 12/27/14 3:00pm 12/27/14 3:00pm

Chaos ensues as armored truck spills $4.5 million on a street

Dozens of Hong Kong motorists and pedestrians rushed to grab loads of money after an armored truck's doors opened by accident on a busy road, spilling about 4.5 million US dollars in HK$500 notes (US$65) on Christmas Eve, reports the South China Morning Post. Check out all those frantic bastards. » 12/25/14 1:12pm 12/25/14 1:12pm

New "Wiretap" ATM Skimmers Are Invisible to Your Eye

ATM skimmers just keep getting scarier. In his ongoing series on skimmer innovation, security guru Brian Krebs highlighted a new card skimmer—the increasingly thin device that intercepts and snags your credit card details—that's been spotted in the wild. And unlike the vast majority of skimmers that attach to or… » 12/02/14 10:00am 12/02/14 10:00am