In this Sunday, March 15, 2020 file photo, an unsold 2020 Huracan Evo sports car sits at a Lamborghini dealership in Englewood, Littleton, Highlands Ranch, Colo. (AP Photo/David Zalubowski, File)
Danish police have confiscated a high-performance luxury car after its new owner was caught speeding as he drove it home from Germany to Norway, a northern Danish newspaper reported Friday.
The man, an Iraqi citizen resident in Norway who was not identified, was registered Thursday as driving at 236 kph (147 mph) in his Lamborghini Huracan on a stretch of highway where the top speed is 130 kph (81 mph).
Under a new Danish law, police can seize the vehicles of reckless drivers and auction them off, with the money going into Danish coffers.
The Nordjyske newspaper said the man had bought the car hours earlier in Germany for 2 million kroner ($310,000).
Jess Falberg, the on-duty officer with the northern Denmark police, told Nordjyske that the owner was “a little annoyed” when the car was seized.
The car owner will also be fined for speeding in due course.
Although still early in development, blockchain technology, Web3, also known as Web 3.0 has been getting a lot of attention from some top tech names lately. Web3 is based on blockchain technology, which powers NFT’s and cryptocurrencies such as bitcoin. With Web3, users would ideally control their own data, rather than have it be controlled by a few large companies. But, Tesla CEO Elon musk isn't buying into Web3 just yet, tweeting over the weekend that the decentralized iteration of the internet seems more like a marketing "buzzword" right now than reality. Twitter co-founder Jack Dorsey also chiming in to the conversation, expressing doubt over whether or not Web3 would actually be decentralized if ownership still belonged to venture capital firms. Parker McCurley, co-founder & CEO of Decent Labs explains the significance of Web3 catching the eye of the tech giants, and what Web3 could mean for the future of the internet.
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Bitcoin's rise to the mainstream has been a wild ride this year. The cryptocurrency is trading a little under $49,000 Wednesday morning and is set to finish the year sharply higher than where it began earlier this year. Ether prices also soared this year, rising from $730 per coin to nearly $4,000. Ben Armstrong, founder of Bitboy Crypto, joins us to discuss what's in store for crypto in 2022.
