Monthly Archives: March 2014

Google facing $5 billion antitrust fine in India

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“Google may be in the midst of securing a deal on its long-running search dispute with the European Union, but it’s still facing a possible $US5bn (£3bn) fine from the Competition Commission of India (CCI) over allegations it has abused its market leading position in the internet search space.  Local laws state that the CCI can impose a fine of up to 10 per cent of annual turnover, which is calculated as an average over three years. The CCI also has the power to order a company found to be too dominant to be broken down into smaller businesses.  There’s apparently no settlement process for antitrust cases brought before the CCI and complaints can’t be withdrawn.”

http://www.theregister.co.uk/2014/03/10/cci_antitrust_google_india_5_billion_dollars/

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Google to launch U.S. retail store — right next to the N.Y. Apple Store

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“Google may debut its very first U.S. retail location in SoHo, New York, reports Crain’s NY.  The 8,000-square-foot retail space at 131 Greene St. is situated just a couple storefronts away from eyewear giant Warby Parker. The tech firm launched its first Android store in Melbourne, Australia back in 2011, and has also established dedicated spaces in stores across Europe.  It could signal a major shift for the tech firm, as it’s placing increasing importance on original hardware like its modular phone project, Google Glass, and the Chromebook Pixel.”

http://venturebeat.com/2014/03/11/google-may-launch-its-first-u-s-retail-store-in-new-york-right-next-to-warby-parker/

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Google is encrypting search globally, against NSA and China’s censors.

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“Google has begun routinely encrypting Web searches conducted in China, posing a bold new challenge to that nation’s powerful system for censoring the Internet and tracking what individual users are viewing online.  The company says the move is part of a global expansion of privacy technology designed to thwart surveillance by government intelligence agencies, police and hackers who, with widely available tools, can view e-mails, search queries and video chats when that content is unprotected.  The development is the latest consequence of Edward Snowden’s release last year of NSA documents detailing the extent of government surveillance of the Internet.”

http://www.washingtonpost.com/blogs/the-switch/wp/2014/03/12/google-is-encrypting-search-worldwide-thats-bad-for-the-nsa-and-china/

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Zuckerberg voices frustration with Obama over NSA

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“Posting on his Facebook page Thursday, Zuckerberg wrote that he’s been ‘confused and frustrated by the repeated reports of the behavior of the U.S. government. When our engineers work tirelessly to improve security, we imagine we’re protecting you against criminals, not our own government.’  Though Zuckerberg does not name the National Security Agency, the post comes a day after the news site Intercept reported that the agency has impersonated a Facebook server to infect surveillance targets’ computers and get files from a hard drive. The report is based on documents leaked by former NSA contractor Edward Snowden.”

http://www.timesofisrael.com/zuckerman-complains-to-obama-over-us-cyber-spying/

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NSA posed as Facebook to infect computers with malware: report

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“The National Security Agency has reportedly used automated systems to infect user computers with malware since 2010, according to a Wednesday report. And at times the agency pretended to be Facebook to install its malware. The NSA has been using a program codenamed TURBINE to contaminate computers and networks with malware ‘implants’ capable of spying on users, according to the Intercept, which cited documents provided by whistleblower Edward Snowden. Between 85,000 and 100,000 of these implants have been deployed worldwide thus far, the report said.”

http://www.latimes.com/business/technology/la-fi-tn-nsa-posing-facebook-malware-20140312,0,3491724.story

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Tech Millionaire Brings Bitcoin to Australian Stock Exchange

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“The company points out that digitalBTC already has established mining revenuesand ties with key hardware partners. It also has a trading desk backed by management experienced in physical commodities trading and is headed by Zhenya Tsvetnenko, a wealthy Perth-based tech entrepreneur.  The money raised will go towards expanding bitcoin mining and trading activities, as well as development of retail-oriented mobile applications.  Tsvetnenko has a background in tech and one of his earlier projects was a micro-transaction platform integrated with Google ads and mobile apps. He believes he can change the way many users approach payments and transfers.”

http://www.coindesk.com/tech-millionaire-zhenya-tsventenko-brings-bitcoin-australian-stock-exchange/

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Xapo Raises $20 Million To Bury Your Bitcoin Underground

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“The company, founded by Wences Casares, raised $20 million from Benchmark Capital and Fortress Investment Group LLC, among others, and has been in stealth mode for two years managing bitcoins for large institutional clients – think investment banks and financial firms. Now they’re opening their service up to consumers.  ‘If you have one or a couple rogue employees there’s not anything they can do to take the coins out of our vault,’ said Wences. ‘The coins that are in the vault are on servers that are never online — have never been online.’  The private keys are under armed guard and behind layers of physical security in deep storage spaces around the world.”

http://techcrunch.com/2014/03/13/xapo-raises-20-million-to-bury-your-bitcoin-underground/

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Ireland’s first bitcoin ATM opens for business in Dublin city centre

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“The Central Bank has warned that users of bitcoin vending machines in Ireland will not enjoy the same protections as those buying recognised currencies from regulated financial institutions.  The warning came as the country’s first bitcoin ATM became operational in Dublin.  The machine, which converts physical euro cash into the digital currency, is being operated by Bitvendo, a bitcoin vending business started by a number of Irish and international digital currency enthusiasts.  Bitvendo charges 3%-5% commission on each transaction. The company plans to roll out more bitcoin ATMs around the country over the coming months, beginning in Waterford.”

http://www.rte.ie/news/business/2014/0313/602037-bitcoin-atm/

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CEOs behind new exchange system talk Bitcoin

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“Atlas ATS CEO Shawn Sloves and Preseus Telecom CEO Jock Percy explain why they are bullish on Bitcoin.”

http://video.foxbusiness.com/v/3335109592001/ceos-behind-new-exchange-system-talk-bitcoin/

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Perseus, Atlas Launch Global High-Frequency Bitcoin Trading Platform

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“High-speed telecommunications provider Perseus Telecom and digital currency trading platform Atlas ATS formally launched Wednesday a globally integrated bitcoin exchange system in New York, Hong Kong and Singapore to facilitate trading in the digital currency by high-frequency trading firms and other large financial institutions.  The two firms’ collaboration, first reported last month by The Wall Street Journal, marks a milestone in the evolution of bitcoin out of a retail-oriented, loosely regulated low-tech environment to one that is open to the high-volume and strictly regulated activities of Wall Street.”

http://online.wsj.com/news/articles/SB10001424052702303795904579433222564439410

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