In today’s e-commerce world, more and more Internet retailers are installing bitcoin capabilities to tap into that growing virtual currency market as well as to gain more publicity by doing so. Not so for one major company. Amazon, the online retail juggernaut, has reportedly said … [Read more...]
900 SINs stolen from Canada Revenue Agency amid Heartbleed bug
The Heartbleed continues. The Canada Revenue Agency announced early Monday that approximately 900 Canadians have had their social insurance numbers (SINs) compromised from its website because of the heartbleed security bug. The tax collection agency said that it discovered the … [Read more...]
Sony urging consumers to stop using VAIO laptops over battery fire risk
In a statement issued to customers (PDF), Sony has recommended its users to immediately cease using some of its laptops from its VAIO selection because of a fire risk from its batteries that are reportedly overheating. The VAIO Fit 11A models that were affected were sold by Sony … [Read more...]
Is bitcoin just for ‘the guns and gold crowd’
Libertarians and Tea Partiers, bitcoiners and gold bugs, have been the subject of ridicule in the political establishment and mainstream media and have been harshly accused of being paranoid and conspiratorial. The anti-government crowd has long foretold of a crash in the United … [Read more...]
Wikimedia’s Jimmy Wales reveals he is ‘cautious’ about bitcoin
Last month, the bitcoin community received excellent news after weeks of bankruptcies, security vulnerabilities and price declines when Wikipedia co-founder Jimmy Wales accidentally launched a bitcoin donation campaign. He tweeted that he bought 0.1 bitcoin worth but then his online … [Read more...]
One lucky dog could end up with a $78,000 luxury vacation
When the family goes on vacation for a week or a month, the pet dog or cat is usually confined to the miserable conditions of a kennel. As the family enjoys fun in the sun, the dog or cat has to spend several days inside of a cage. It’s certainly not a fun experience for the average … [Read more...]
Texas Libertarian Party is accepting bitcoin donations
The state of Texas is in the middle of a fierce gubernatorial election. Republican State Attorney General Greg Abbott will face off against Democratic State Senator Wendy Davis on Nov. 4. It’ll likely be a contentious battle, especially considering that Davis has made national … [Read more...]
Investment group wants to purchase the dead bitcoin exchange Mt. Gox for one bitcoin
After the collapse of one of the biggest bitcoin exchange platforms in the world, Mt. Gox, the question has been asked: can it be salvaged? Well, a group of investors is looking to acquire the bitcoin exchange for one bitcoin, which is worth roughly $400. The Wall Street Journal … [Read more...]
Plastic additives market to reach $58 billion by 2020
The global plastic additives market will be valued at $57.8 billion within the next six years, according to a new industry report released Thursday by Allied Market Research. The plastic additives market on an international level maintained volume at 12.6 million tons last year and … [Read more...]
Olympus slapped with lawsuit by six Japanese banks over 2011 scandal
Olympus confirmed reports Wednesday it was being sued by six Japanese trust banks seeking 27.9 billion yen ($273 million) for damages relating to a 2011 accounting scandal that consisted of $1.7 billion. The Tokyo-based company said in a statement that it had been given a notice by … [Read more...]
Is the U.S. Justice Department on the verge of dropping the hammer on bitcoin
Numerous Washington officials have repeatedly warned that bitcoin could be utilized for illicit transactions, criminal activities and terrorism financing. Some of these individuals can be found at the Internal Revenue Service, the Treasury Department and now the United States … [Read more...]
National Australian Bank closing bitcoin accounts in May
It appears that Australian business account holders will have to take their business elsewhere. Local clients have published letters received by the National Australian Bank (NAB) in which it warns that it’ll be shutting down accounts associated with bitcoin. CoinDesk was the … [Read more...]
Local reports say Detroit in potential settlement with bond holders
Nearly one year after Detroit collapsed, the troubled municipality has finally reportedly reached a settlement with the city’s bankrupt unsecured bond holders, according to the Detroit Free Press, which cited unnamed sources in its article. This latest move could help the Motor … [Read more...]
Study finds young libertarians are pro bitcoin
Who are the most avid supporters of the peer-to-peer decentralized currency bitcoin? Well, millennials, Independents, libertarians and tech-savvy individuals are the most in favor of the digital currency being allowed to function without government intervention. Reason Magazine … [Read more...]
Newest bitcoin Cryptex Card could be the start of a payment revolution
The latest technological innovation in the world of bitcoin could propel the digital currency to new heights, and a greater enemy in major financial institutions and electronic payment system providers. Cryptex is the very first global bitcoin-to-cash ATM-debit card that allows … [Read more...]
Bitcoin ATM to be showcased in front of Canadian Senate Committee
In front of the Canadian Senate Standing Committee on Wednesday, developers of BitAccess, a Canadian bitcoin ATM, will demonstrate the kiosk’s various functions and features and reportedly assist Conservative Senator Irving Gerstein in acquiring some bitcoins. Haseeb Awan, the … [Read more...]
Consumer borrowing jumps $16.5 billion, fueled by auto and student loans
The United States consumer is drowning in debt. Total personal debt has exceeded $16 trillion and personal debt per citizen is more than $50,000 – this does not include interest. According to the latest monthly data from the Federal Reserve, Americans are getting more into debt by … [Read more...]
Brazil mimics IRS by declaring bitcoin as capital gains taxable
The Brazilian government has confirmed that it will be treating bitcoin as a security and prompt investors to file it on their tax forms as capital gains. Therefore, Brazil would not be classifying bitcoin as a legitimate currency, according to Claudemir Malaquias, the Chief of Tax … [Read more...]
Poll: Americans are concerned over personal-data collection by tech companies
Google Glasses, personalized search filters, wearables that monitor your heart rate and drone deliveries. These are only some of the latest technological development projects initiated by some of the most successful Internet and tech companies today, such as Google, Microsoft, … [Read more...]
Federal Reserve official warns central bank could delay QE taper
Last month, the Federal Reserve further reduced its third round of quantitative easing (QE) during its road to tapering. However, the central bank will maintain current Fed Funds Rate of near 0.000 percent – Fed Chair Janet Yellen has already confirmed that she does not have any … [Read more...]
