Papua New Guinea Set to Pilot Rooftop Solar Program in Port Moresby

“This move represents a significant change for Papua New Guinea, as to date, it has been illegal for businesses to install and generate power from rooftop solar,” said IFC’s Resident Representative in Papua New Guinea, John Vivian. “But now that the costs of rooftop solar systems have dropped by about 80 percent in the last five years, it makes commercial sense for business to look at this source of renewable energy and it is good for the environment.”

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Bitcoin tumbles as hackers hit South Korean exchange Coinrail

In a statement on its website on Monday, Coinrail said its system was hit by “cyber intrusion” on Sunday, causing a loss for about 30 percent of the coins traded on the exchange. It did not quantify its value, but in an unsourced report local news outlet Yonhap news estimated that about 40 billion won ($37.28 million) worth of virtual coins were stolen.

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