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Password cracking attacks on Bitcoin wallets net $103,000
February 16th, 2016
Hackers have siphoned about $103,000 out of Bitcoin accounts that were protected with an alternative security measure, according to research that tracked six years’ worth of transactions. Account-holders used easy-to-remember passwords to protect their accounts instead of the long cryptographic ...
New tax scandal as Ikea ‘avoids paying £775 Million in taxes using onshore havens’
February 15th, 2016
FURNITURE giant Ikea has been accused of underpaying a staggering €1 billion (£773 million) in taxes between 2009 and 2014. The Swedish firm is under scrutiny for using “onshore European tax havens”, according to a members of the European ...
Here’s what the future of bitcoin looks like — and it’s bright
February 15th, 2016
Bitcoin has been proclaimed dead 89 times. It has been labeled a Ponzi scheme and a failed experiment. Writers have argued for it to be forgotten and for developers to move on to greener pastures. But moving beyond this ...
The Schism Over Bitcoin Is How Bitcoin Is Supposed to Work
February 12th, 2016
THE BITCOIN COMMUNITY can’t even agree on whether it’s breaking up. Last month, Mike Hearn—an ex-Googler and one of the biggest names working on the software underpinning bitcoin—made more than a few headlines when he called the digital currency “a failed ...
India blocks Facebook’s plan for free Internet
February 8th, 2016
Facebook’s campaign to offer free Internet access to hundreds of millions of people in India has been blocked. India’s telecoms regulator ruled Monday that service providers must charge the same price for all content, dealing a crushing blow to ...
Bitcoin: A 21st Century Currency Explained By a Wall Street Veteran
February 8th, 2016
Jason Leibowitz is a former Wall Street professional who pivoted careers in 2014 to focus full-time on digital currency. In this paper, Leibowitz answers questions about how bitcoin was created, how it works and why it matters. It has been ...
EU proposals will force multinationals to disclose tax arrangements
February 8th, 2016
Large US firms such as Google and Amazon will be required to disclose tax bills in Europe under draft legislation from European commission US multinationals such as Google, Facebook and Amazon will be forced to publicly disclose their earnings and tax ...
Microsoft buys UK AI firm SwiftKey
February 3rd, 2016
UK-based artificial intelligence firm SwiftKey has been acquired by Microsoft, the company has confirmed. The Financial Times reports the deal is worth $250m (£174m). SwiftKey is known for its predictive keyboard, which can be found installed on millions of ...
Twitter to Revamp Leadership Under CEO Jack Dorsey
January 25th, 2016
Alex Roetter, head of engineering, and Kevin Weil, product chief, are among the four executives who are leaving Twitter Inc. Chief Executive Jack Dorsey is revamping his top ranks as he tries to find ways to revive the social media company and earn ...
Legal fight over the shape of the iPhone
January 21st, 2016
Tech Giants Back Samsung at Supreme Court in Apple Patent Fight A legal fight over the shape of the iPhone could have big repercussions, a tech industry trade group warns. A trade group for Google, Microsoft, and other big ...
