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Mt. Gox, the largest Bitcoin exchange, filed for Chapter 11 bankruptcy proceedings in Tokyo, Just days after going offline following the publication on Scribd of an internal memo that alleged hackers had stolen nearly 745,000 Bitcoins from its servers over the years. Blaming a weakness in the compan...
eBay on Wednesday announced it was leading a $134 million investment in Snapdeal, which claims to be India's largest e-commerce marketplace. eBay's first investment in Snapdeal came in mid-2013, when it poured $50 million into the company. Snapdeal merited additional financing because of its complem...
The Comcast Netflix deal represents a completely new and refreshing direction for the industry. It clears away much confusion and illuminates a clearer path for growth for all companies in the battle. This deal represents a watershed moment for Web content providers. Congratulations to both Comcas...
During the heyday of the dot-com boom, then-HP CEO Carly Fiorina espoused a notion called "good enough" computing. Despite significant performance differences between x86 servers and Unix and other enterprise-class systems, the dramatically lower cost of x86-based products would cause organizations ...
Bitcoin exchange Mt. Gox, which has been troubled by repeated DDoS attacks, has gone offline, following publication on Scribd of a purported internal memo alleging a multiyear server theft totaling nearly 745,000 Bitcoins. At Tuesday morning's price of $518.84 CoinDesk, that would amount to about $3...
Carl Icahn has ratcheted up his efforts to get eBay to spin off its lucrative PayPal division. The billionaire investor on Monday sent an open letter to other shareholders accusing eBay board members Marc Andreessen and Scott Cook of placing their interests before those of investors. Icahn called ou...
Netflix users who subscribe to Comcast Internet services soon may enjoy much smoother streaming video. The companies have agreed to a "mutually beneficial interconnection agreement" with the goal of giving Comcast's U.S. broadband customers a high-quality experience when using Netflix's streaming vi...
Apple earlier this month dropped the Bitcoin app Blockchain from its mobile marketplace without giving any explanation. Bitcoin holders obviously were upset with this development. Blockchain was available for both the iPhone and the iPad. By removing Blockchain, Apple eliminated two major channels f...
Google on Friday announced its purchase of online ad fraud fighter Spider.io. It initially will include Spider's fraud detection technology in its video and display ad products. Over time, Google will incorporate Spider's iFramed ads view technology in its products. Its long-term goal is "to improve...
What's in a name? Microsoft is hoping more traffic to two of its online properties. The company has renamed its cloud storage service because of legal entanglements and the website for free versions of its Office productivity apps because of consumer confusion. The name changes, which took effect ...
Google has revealed plans to expand its Google Fiber Internet service to as many as 34 new cities. Google Fiber offers connection speeds of up to 1,000 Mbps -- around 100 times faster than the average U.S. speeds of 9.8 Mb/sec, according to Akamai -- by providing service through fiber-optic cables i...
King Digital Entertainment, creator of the blockbuster social game Candy Crush Saga, is planning to go public. The company filed its initial public offering paperwork with the U.S. Securities and Exchange Commission this week. The company's revenue soared by more than tenfold in 2013, rising to $1.8
Aimed at improving the security of payment card data and reducing fraud, PCI DSS 3.0 standard, which took effect on Jan. 1, introduces changes that extend across all 12 requirements. It no doubt will mean some shakeups for many organizations when it comes to their day-to-day culture and operations.
After months of being courted by both Comcast and Charter Communications, Time Warner Cable has agreed to be purchased by Comcast for $45.2 billion in stock. The deal, if approved by the United States Department of Justice and the U.S. Federal Communications Commission, will create the biggest broad...
Americans are living in an increasingly digital and mobile world, according to "The Digital Consumer," the latest study published by research firm Nielsen. The report determined that Americans now own an average of four digital devices, with average per-person content consumption of 60 hours per wee...
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