More E-business News
Japanese authorities are trying to unravel what happened at Mt. Gox, the popular Bitcoin exchange that collapsed last week, and recent revelations are only serving to thicken the plot, not clarify it.
Media company Getty Images had made about 35 million of its images embeddable in order to start gathering data and better monetize usage of its material, the company said on Thursday.
How do half a billion dollars vanish into thin air? That seems to be what happened at popular Bitcoin exchange Mt. Gox, which made a a bankruptcy protection filing in Japan last week.
Hackers found security weaknesses that allowed them to overdraw accounts with Flexcoin and Poloniex, two websites that facilitate bitcoin transactions, and exploited them to steal bitcoins from the two services. The attacks put Flexcoin out of business and cost Poloniex's users 12.3 percent of their bitcoins.
Flexcoin, a site that described itself as the "world's first bitcoin bank," has closed after it got hacked and all of the bitcoins it had placed in online storage were stolen, the site recently announced.
As bitcoin values jumped in the last months of 2013, malware designed to steal the virtual currency exploded, security researchers from Dell SecureWorks said this week.
A class-action lawsuit has been filed against the Mt. Gox Bitcoin exchange and its owner Mark Karpeles, seeking damages in the hundreds of millions of dollars and the return of bitcoins to users whose accounts were frozen on the site.
Japan's top government spokesman said authorities are gathering information on the situation at Tokyo-based Bitcoin exchange Mt. Gox, where trading halted amid concerns that hundreds of millions of dollars worth of bitcoin are missing.
Apple had no knowledge that publishers were engaged in a conspiracy in December 2009 or at any other point, the company said in its appeal against a district court ruling which found Apple and five major U.S. publishers had conspired to fix e-book prices.
Google claimed it's ratcheting up the fight against fraud in online advertising, disclosing Friday that it has bought Spider.io, a London company specializing in ad fraud detection technology.
Ebay has acquired PhiSix Fashion Labs, a computer graphics startup that makes 3D models of clothing, in a bid to offer customers a virtual fitting room.
Microsoft is about to make a fresh run at its CRM rival Salesforce.com with new capabilities for marketing automation, customer support and social media monitoring.
A growing number of brick-and-mortar businesses, eager to learn more about what goes on inside their walls, are turning to new technology to gather data from people's mobile phones.
Music subscription services, such as Pandora and Spotify, are the fastest-growing segment of the music industry, but since they hand over 60% to 70% of their revenue to record labels, they will inevitably fail unless something changes, a new report shows.
A coalition of consumer and privacy groups will ask a U.S. court to reject a settlement that allows Facebook to use minors' pictures in advertisements on the site without their parents' consent.
Twitter is reportedly working to redesign its profile pages, making them more visual, with bigger images, and looking a lot more like social rivals Facebook and Google+.
Apple's iTunes, software and services group generated almost as much revenue in 2013 as the Microsoft division responsible for licensing Windows to computer and smartphone makers, according to comparisons of the companies' financial statements.
The problems plaguing Bitcoin worsened Tuesday as online attacks on the digital currency's software affected two more exchanges.
A problem identified by Mt. Gox as a bug in Bitcoin software is actually a longstanding technical issue Mt. Gox should have prepared for, the Bitcoin Foundation said Monday.
Ross Ulbricht, the alleged creator of the Silk Road online black market, will go to trial in November and be held until then without bail, the U.S. Department of Justice said Friday.
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