A massive cyber attack from unknown sources that has been spamming bitcoin exchanges is highlighting some of the dangers people can encounter when they exchange cash for digital currencies like the bitcoin, experts said on Wednesday. The attack, which is technically known as a distributed denial of service attack, involved thousands of phantom transactions, forcing at least three of the online platforms that store bitcoins and trade […]
Google Inc., the company that leads Internet search, has gained a new superlative: top dealmaker. From buying a digital-thermostat developer to selling a mobile-phone business, Google has executed more deals than any company in the world over the past three years, according to data compiled by Bloomberg through January, up from 13th place in the three years prior. Advertising-firm WPP Plc was second, followed by chipmaker Intel […]
The Bitcoin Foundation said the Mt. Gox Bitcoin exchange in Tokyo is to blame for technical faults that prevented customer withdrawals of the virtual currency that lost as much as 21 percent of its value today. “The issues that Mt. Gox has been experiencing are due to an unfortunate interaction between Mt. Gox’s implementation of their highly customized wallet software, their customer support procedures and their unpreparedness,” […]
The price of the digital currency bitcoin slid to its lowest level in nearly two months on Monday after bitcoin digital marketplace Mt. Gox said a halt on withdrawals it announced on Friday would continue indefinitely after it detected “unusual activity.” The bitcoin price varied dramatically from one exchange to another, with Tokyo-based Mt. Gox, the best known operator of a bitcoin digital marketplace, recording one of […]
The U.S. Supreme Court agreed on Friday to decide whether police can search an arrested criminal suspect’s cell phone without a warrant in two cases that showcase how the courts are wrestling to keep up with rapid technological advances. Taking up cases from California and Massachusetts arising from criminal prosecutions that used evidence obtained without a warrant, the high court will wade into how to apply older […]
Investcorp, a leading provider and manager of alternative investment products, announced today that it has agreed the sale of Skrill Group to funds advised by CVC Capital Partners for a total enterprise value of EUR600 million ($800 million), subject to regulatory approvals. As part of the transaction, Investcorp will retain a substantial minority position in the company and will continue to retain a seat on the Skrill […]
New York Times Co. (NYT), adding technology experience to its board to help with its shift to the Internet, named the Massachusetts Institute of Technology’s Joichi Ito and venture capitalist Brian McAndrews as directors. Ito, director of the media lab at MIT, and McAndrews, a partner with Madrona Venture Group, brings the board to 13 members, the New York-based company said today in a statement. Times Co. […]
Social media platforms allow customer networks to be bigger, faster and better organized. They increase the downside of getting service wrong and the upside of getting it right. The effects are both direct and indirect. Zappos generates so much buzz with its fantastic service experience that the company can spend significantly less on marketing than its rivals. This virtuous service cycle spins faster because we get to […]
If you’re an audiophile who waxes nostalgic when it comes to the classic Walkman audio cassette and CD players — you’re in luck. There’s a new Sony (SNE) Walkman out, though if you’re in America, you may need to pack a passport to purchase one legally. The Japanese consumer electronics giant has been following Apple’s (AAPL) iPod footsteps through Asia and Europe in recent years in its […]
