Feds Seize Assets From Mt. Gox's Dwolla Acount, Accuse It Of Violating Money Transfer Regulations
Bitcoin exchange service Mt. Gox is experiencing some issues with U.S. authorities. The Department of Homeland Security issued a seizure warrant to Dwolla for the money in Mt. Gox’s Dwolla account. Mt. Gox users can’t use Dwolla as a funding option anymore even though it was one of the most popular options. The Japanese startup failed to register in the U.S. as a money transmitting company — president and CEO Mark Karpeles now faces up to five years in prison. Dwolla had no choice but to proceed with the request. IDG News obtained a copy of the warrant through the U.S. Immigration and Customs Enforcement (ICE), the investigation team of the Department of Homeland Security. In order to accept funds in dollars, Mt. Gox opened a Wells Fargo business account for Mutum Sigillum LLC (Mt. Gox’s American subsidiary). The company had to complete a document that states whether it provides money services or not. The warrant reads: “That document was completed on May 20, 2011, and identified ...
These Guys Are Selling Their Private Photo-Sharing App Divvy From The Back Of A VW Bus
Bootstrapping founders, Jeremy Greenfield and Keyvon Olomi, have taken a non-traditional route to marketing their new photo aggregation and sharing application, Divvy. They’ve hopped into a 1973 VW camper bus and are on a cross-country road trip to tour colleges around the U.S., in an attempt to get the word out about the privacy options their app allows. They left April 1st from Tulsa, and are now in the New York tri-state area, with plans to hit up Boston, MIT, Harvard, and more, before heading to Denver in three weeks. Olomi, who’s also the founder of app development marketplace AppTank, says he built Divvy to scratch a few of his own itches: the hassles of moving between Facebook and Instagram to follow his friends’ photos, the inability to zoom in on Instagram photos, and the inability to save those photos. But he also thinks that more private photo sharing is something today’s younger users want. A desire for more private socializing has of course fueled the rise of messaging ...
Self-Proclaimed LulzSec Leader Arrested In Australia
New submitter AlbanX writes "An IT professional working in Sydney has been arrested for hacking a government website as part of the LulzSec movement. The 24-year-old man, residing in Point Clare, was arrested at his workplace late yesterday. He claimed to be the leader of the hacker movement. 'Police say he was in a "position of trust" within the company and had access to information on government clients. The AFP says its investigation began less than two weeks ago when investigators found a government website had been compromised. The man has been charged with two counts of unauthorised modification of data to cause impairment and one count of unauthorised access to a restricted computer system. He faces a maximum of 12 years in jail.'"
HopStop Launches Crowd-Sourced Transit Alerts Through HopStop Live!
HopStop, the location services app that helps you navigate the wacky world of public transportation, has today unveiled its biggest product launch ever, with the release of HopStop Live! The service is integrated with HopStop’s default iPhone app, as well as having its own standalone app called “Live!” The apps let users crowd-source information in real-time about delays to subways or trains, giving even more clarity to the morning commute. HopStop already accounts for delays that are marked on the MTA’s web site for service disruptions, but that isn’t an all-encompassing view. Many times, trains will be delayed because of police investigations or accidents, and the corresponding delay alert doesn’t appear online for many hours after, or not at all. Still, these delays can really bork up a day, and so HopStop is letting its massive user base start calling out issues for fellow users. Though crowd-sourcing public transit delays has been done before — most notably by Waze and ...
WA State Bill Would Allow Bosses To Seek Facebook Passwords
An anonymous reader writes "A bill amendment proposed Tuesday could allow employers to ask for a worker's Facebook or other social media password during company investigations. The provision was proposed for a bill that safeguards social network passwords of workers and job applicants. The measure bars employers from asking for social media credentials during job interviews. The amendment says that an employer conducting an investigation may require or demand access to a personal account if an employee or prospective employee has allegations of work-place misconduct or giving away an employer's proprietary information. The amendment would require an investigation to ensure compliance with applicable laws or regulatory requirements."
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