A needlessly sardonic view on what's been happening in the technology world over the last few days, and more importantly, who's been screwing up...

The US senate has been trying to get to grips with virtual currencies this week through a committee hearing in which they were told the likes of Bitcoin were a "legitimate financial service."

Following the hearing, the value of Bitcoin soared to over $900, trebling its value since October.

As we all know by now, Bitcoin in particular has raced to the front of the public's conscious due to its use on the Silk Road, the website that could be used to procure illegal drugs, and other illegal products. The FBI, who also contributed to the hearing, shut down the site in October.

In a letter, the FBI said that while it recognised that virtual currencies offered "legitimate financial services," they could be "exploited by malicious actors."

Furthermore, Mythili Raman, the head of the Justice Department's Criminal Division, said: "We have seen increasing use of such currencies by drug dealers, traffickers of child pornography, and perpetrators of large-scale fraud schemes."

You'd think he'd be more encouraging considering the criminal underworld's previous choice of currency was government run and sanctioned.

Elsewhere, the music world is being propelled into the future thanks to the technological enhancements in the latest update to Cubase - as if rock 'n' roll and Will.I.Am's sunglasses weren't enough.

Steinberg, makers of Cubase, have released iC Air, a free system that introduces gesture control through the use of depth cameras which allows full control of the interface. The latest addition to the music making software has led some (all) music news sites to liken it to Minority Report.

But it's not all that Minority Report really, a system that could weed out the bad apples of the music world during the recording process before they committed their atrocities would be much more exciting. We certainly wouldn't be worrying about the associated morals of precognition if it meant we wouldn't have to deal with Chris Brown anymore.

But moving on to gaming tech, it seems that despite the popularity of the PS4 upon its release in the US which saw more than one million units shifted within 24 hours, it's far from immune from glitches - users having already highlighted a fairly serious one.

About 0.4% of PS4 owners have experienced a 'blinking blue light' on their box when they turn it on - sometimes resulting in no video or audio.

Some users are complaining that they've "bought a $400 paperweight". As a result, Sony has issued a 'troubleshooting guide' which will join the already existing mountain of instructions that no one reads, though in reality they don't really need to produce a guide.

The recommendation is that users facing such issues turn off the console completely by pressing the power button for seven seconds.

It's always lovely to see a major brand effectively tell thousands of their users to try turning it off and on again.

  • Go on, give it a go

Who loves playing games on their iPhone? The answer is, that we all do - but only if it also involves a toilet. So the question as to whether these iPhone joypads will take off will largely be down to where in the house people decide to keep them.

Both Logitech and Moga have released some interesting designs over the last week or so - the former keeping things relatively simple in a SNES kinda way, and Moga choosing to up the capability a little with some joystick action.

While the devices themselves are fairly primitive, it fits the iPhone's back-to-basics-but-still-loads-better-than-snake mobile gaming aesthetic ending up back where the Game Gear started, but much slimmer. Though lets face it, the only reason that failed was because no one could afford the 27 AA batteries required to power it.

This will probably also be the time that handheld console manufacturers really start worrying if these devices help mobile eat more into the handheld market.

But it's not going to be to everyone's taste - personally, I'm waiting for the giant gaming chair with a steering wheel to gain iPhone capacity to really make me excited about gaming on the move.

By Andy Price