California Judge Throws Out Teacher Tenure

“The decision hands teachers’ unions a major defeat in a landmark case.  Judge Treu agreed with the plaintiffs’ argument that California’s current laws make it impossible to remove the system’s numerous low-performing and incompetent teachers, because the tenure system assures them a job essentially for life; that seniority rules requiring the newest teachers to be laid off first were harmful; and that granting tenure to teachers after only two years on the job was farcical, offering far too little time for a fair assessment of the teacher’s skills.  Further, Judge Treu said, the least effective teachers are disproportionately assigned to schools filled with low-income and minority students.”

http://www.nytimes.com/2014/06/11/us/california-teacher-tenure-laws-ruled-unconstitutional.html?_r=1

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Bitcoin Mining Pool Ghash.io DDoS-ed in Response to 51% Status?

“Ghash.io has not yet replied to requests for comments, but bitcoiners speculated that Ghash.io was DDos-ed due to ongoing concerns over their share of hashrate distribution.  Although the decrease in hashrate may only be temporary, the DDos may act as a warning, not only to Ghash.io, but to all pools who may gain too great a share of the hashrate distribution to the point where the decentralized nature of bitcoin is placed in danger as it is likely that income would have been lost during the DDos period which may cause miners to reconsider whether they wish to partake in a pool that seems to be at the frontline of criticism.”

http://www.cryptocoinsnews.com/news/bitcoin-mining-pool-ghash-io-ddos-ed-response-51-attack/2014/06/15

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Roger Ver: Why Bitcoin is Important for the World

“‘Why Bitcoin is Important for the World’ by Memorydealers KK Bitcoin evangelist Roger Ver for Coin Congress 2014.”

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US govt to auction $18mn worth of bitcoin seized from Silk Road

“The Department of Justice is looking to make a considerable windfall from the sale with bitcoin increasing in value recently.  The now-defunct cyber-black market was closed down in October of last year.  Nine months on the US Marshals service is preparing to auction 30,000 bitcoin of the Silk Road stash.  The sale of the bitcoin will take the form of an online auction which will take place on June 27. Participation in the auction will not be cheap, with buyers required to make a refundable deposit of $200,000 to a government bank to take part. The bidding itself will take place over a period of 12 hours where blocks of 3,000 Bitcoin (or about $1.8 million each) will be up for grabs.”

http://rt.com/usa/165692-bitcoin-silk-road-siezed/

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Blockchain’s SharedCoin Users Can Be Identified, Says Security Expert

“Bitcoin users in need of serious transaction privacy should avoid popular services like Blockchain’s SharedCoin and other CoinJoin implementations, according to a well-known security expert.  Consultant Kristov Atlas, author of the book Anonymous Bitcoin, published a security advisory today saying weaknesses in SharedCoin offered privacy only from ‘unskilled examiners of the bitcoin blockchain’ – and even then, only until more sophisticated analysis tools were made user-friendly enough for the average user to deploy.  Atlas recommended anyone using SharedCoin set the number of cycles to the maximum 10, while remembering that even this did not guarantee 100% privacy.”

http://www.coindesk.com/blockchains-sharedcoin-users-can-identified-says-security-expert/

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Robocoin 2.0 Arrives With Bank-Like Features and New Hardware

“The company’s ATMs accept and dispense 12 national currencies worldwide and can now be used to send money to anyone using only their phone number or email address, even if they haven’t signed up for a Robocoin account. Recipients need merely to visit the local ‘branch’ to pick up their cash.  With traditional remittance providers currently reaping vast profits in transfer fees – estimated at around $500bn a year – such a service could see significant savings for workers sending money back home to families.  ‘Our goal is to make storing and sending money faster, friendlier, cheaper and easier than any other company in the world,’ said Jordan Kelley, Robocoin’s CEO.”

http://www.coindesk.com/robocoin-2-0-arrives-bank-like-features-new-hardware/

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Facebook Approves Dogecoin Tipping App

“Facebook has approved a cryptocurrency tipping app for the first time, and it’s surprisingly not Bitcoin’s. On June 5, 2014, Alejandro Caballero, developer of The Doge Tipping App posted an excited announcement on Reddit’s Dogecoin section. Facebook approves The Doge Tipping App, and their new Multicoin Tipping App followed in its place.  It seems like Facebook is allowing the use of the tipping app and possibly changing their stance on digital currency.  The Multicoin Tipping App supports Dogecoin, Digibytes, Einsteinium, FedoraCoin, Mintcoin, Reddcoin, Quark, Worldcoin, Vertcoin, Karmacoin, Earthcoin, TrollCoin, HTMLCoin, and Donationcoin.”

http://www.cryptocoinsnews.com/news/facebook-approves-dogecoin-tipping-app/2014/06/06

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Expedia Starts Accepting Bitcoin for Hotel Bookings

Expedia, the big online travel site, announced on Wednesday it will begin accepting bitcoin for hotel bookings through its website, becoming the first major travel-agency to take the digital currency. If the reception is good, the company said it expects to bring bitcoin to its other service lines as well.  Expedia, which is using Coinbase for bitcoin processing, won’t hold the digital currency it receives.  More than 60,000 retailers now accept Bitcoin world-wide, and it is attracting more venture-capital funding, which is running at a pace 30% higher than last year. Still the price continues to wildly fluctuate, but it remains well above the price it fetched at the beginning of 2013.”

http://blogs.wsj.com/moneybeat/2014/06/11/expedia-starts-accepting-bitcoin-for-hotel-bookings/

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Google Joins Yahoo in Offering Bitcoin Prices

“A spokesperson from Google said: ‘We added a number of currencies to Google Finance, from the Icelandic króna to the East Caribbean dollar to Bitcoin. We’re always working to provide more of the financial data people are looking for.’  Google Finance has launched a bitcoin price tracker, offering market information across several major fiat currencies as well as access to breaking news in the digital currency world.  Users can access prices in BTC/USD markets, as well as prices in pound sterling, yen, euro, renminbi, Australian dollar and Canadian dollar markets.  The tool also enables review of historical prices dating back to June 2013.”

http://www.coindesk.com/google-bitcoin-price-conversion/

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Burrito Company Offers Bond Giving Investors A Free Burrito Every Week

“Chilango, which is positioning itself as Britain’s response to Chipotle, has issued a series of ‘burrito bonds.’  The notes pay an 8% interest rate semi-annually. More importantly, they also come with a free burrito every week for the duration of the note if you subscribe for £10,000 pounds ($16,800). The Wall Street Journal’s Josie Cox, who first wrote up the story, says this could save burrito hounds more than $600 a year. The minimum investment is £500 ($841).  The firm says they’ve already raised nearly $600,000 from 83 investors since the issue went public a week ago.  Chilango was founded by two ex-Skype executives in 2007.”

http://www.businessinsider.com/chilango-burrito-bonds-2014-6

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