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21 September 2014

Bitcoin headed for the pits

While many venture capitalists remain enthusiastic about the crypto-currency, this has not been a good season for Bitcoin. Since reaching a July high of nearly US$650, the price of Bitcoin has been on a steady decline. On Friday, it dropped below US$400. Why? It's called the burst of a bubble. All other such bubbles will one day burst. And speaking of burst, an accountant's face was "burst open" after an ex-colleage kicked him "full force" in the face in a pitch assault during a football match between friends. John Ryan, also an accountant, injured Connor Gaffney after the pair fought over a disputed tackle during the five-a-side game, which happened at the ESB Sports Co, South Lotts Road, Ringsend on 6 September 2013. Mr Gaffney told Dublin District Court his face was "burst open" after Mr Ryan aimed a "running kick" at him during the scuffle. Other players described the dispute as "handbags" before Mr Ryan lost his temper and kicked Mr Gaffney. Mr Ryan denied assaulting Mr Gaffney, saying he did not kick him deliberately and any contact that was made was in self defence as the victim punched him. Judge Bryan Smyth refused to accept the kick was accidental. He found Mr Ryan guilty of assault causing harm to Mr Gaffney and adjourned the case for a restorative justice programme report.

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