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11:10 PM ET, June 19, 2011

Techmeme

 Top Items: 
Timothy B. Lee / Ars Technica:
Bitcoin prices plummet on hacked exchange  —  The Bitcoin community faced another crisis on Sunday afternoon as the price of the currency on the most popular exchange, Mt.Gox, fell from $17 to pennies in a matter of minutes.  Trading was quickly suspended and visitors to the home page …
RELATED:
Economist:
Bits and bob  —  Bitcoin has got geeks excited.  What about economists?  —  from the print edition  —  MILTON FRIEDMAN famously called for the abolition of the Federal Reserve, which he thought ought to be replaced by an automated system that would increase the money supply at a predetermined rate and so keep a lid on inflation.
Joseph Galante / Bloomberg:
Skype Fires Executives, Avoiding Payouts After Microsoft Buyout  —  Skype Technologies SA, the Internet- calling service being bought by Microsoft Corp., is firing senior executives before the deal closes, a move that reduces the value of their payout, according to three people familiar with the matter.
Mark Gurman / 9 to 5 Mac:
All new Mac Pros and upgraded Mac minis with Sandy Bridge and Thunderbolt in early August?  —  CNET's Brian Tong claims that Apple is gearing up to launch a revamped Mac Pro and an upgraded Mac mini in either late July or early August - more likely in August.
Steven Musil / CNET News:
Google adds rainbow to search bar for gay pride month  —  There's a rainbow at the end of some Google searches.  —  To mark June as Gay and Lesbian Pride month, the search giant is adding a rainbow to the right side of the search bar when users search for “gay,” “lesbian,” “transgender,” or related terms.
Mike Elgan / Computerworld:
Kinect: Microsoft's accidental success story  —  What happens when Microsoft applies a Google-like model to an Apple-like gadget?  We're going to find out.  —  Computerworld - Microsoft introduced a peripheral device for gaming in November called Microsoft Kinect for Xbox 360.
Rakesh Agrawal / Rakesh Agrawal's Blog:
My take on Google's acquisition of SageTV  —  First congratulations to SageTV for being acquired by Google!  —  SageTV is a company I've followed closely — my company, SnapStream, and SageTV were direct competitors in the “consumer DIY home theater PC” market until we shifted our focus to TV search instead.
RELATED:
Richard Lawler / Engadget:
SageTV HTPC software acquired by Google, next stop Google TV?
Mike Rosenberg / Mercury News:
So far only elation, not border war, from neighbors over Apple mega-campus  —  The humongous Apple (AAPL) mother ship campus will one day call Cupertino home, but it'll sit so close to Sunnyvale and Santa Clara that residents there will be able to look out their windows and catch a glimpse …
Discussion: Electronista
Sarah Lacy / TechCrunch:
The New Silicon Valley Douchebag  —  Anyone who was in the Valley during the late 1990s knows exactly the guy I'm about to describe.  He wore blue shirts and khakis.  He was a regular at the Bubble Lounge.  He always insisted on grabbing the check, throwing down the dot com AmEx for everyone's drinks …
Discussion: HipMojo.com
Evelyn M. Rusli / DealBook:
Crashing the Party in Silicon Valley  —  When others were questioning whether Facebook was really worth $10 billion in February 2010, two Wall Street investors were quietly buying chunks of its shares at a $15 billion valuation.  —  The investors, Frank Mazzola and Emilio DiSanluciano …
Discussion: @speechu and @stevecheney
Yoko Kubota / Reuters:
Sega says 1.3 million users affected by cyber attack  —  (Reuters) - Japanese video game developer Sega Corp said on Sunday that information belonging to 1.3 million customers has been stolen from its database, the latest in a rash of global cyber attacks against video game companies.
Ernesto / TorrentFreak:
uTorrent / BitTorrent Sued For Patent Infringement  —  By now we've become accustomed to copyright infringement lawsuits, where people are suspected of illegally distributing movies and music using BitTorrent.  —  However, according to a lawsuit filed at a U.S. District Court this week …
 
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 More Items: 
Jonathan / awe.sm:
URL shorteners are dead. Long live URL shorteners!
Thanks:jhstrauss
Dan Primack / Fortune:
Cut Pandora some slack
Pascal-Emmanuel Gobry / SAI:
Paul Graham On Why You're A Mosquito And How Airbnb Is Worth A Billion Dollars
Dean Takahashi / VentureBeat:
Not bad: Zynga's Empires & Allies hits 30 million users in 17 days
Discussion: Neowin.net, Thanks:deantak
ESR / Armed and Dangerous:
World Without Web
 Earlier Items: 
Alexia Tsotsis / TechCrunch:
Mark Suster: Raise Money Now So When The Party's Over You're Sitting Pretty
Discussion: SAI
Matt Rosoff / SAI: Silicon Alley Insider:
Bill Gurley Explains How Twitter Will Rule The World And Why Groupon Won't
Discussion: A VC
Staci D. Kramer / paidContent:
New York Post Blocks iPad Access Via Safari To Sell Subscriptions