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 ...
Google Wallet Rolls Out To More Devices – Nope, Still No Love For Verizon, AT&T Or T-Mobile Owners
Google sadly scrapped its plans to introduce a plastic "universal" credit card that works at point-of-sale as a way to use its Google Wallet service out in the real world, but the company has not given up on its NFC-powered payments solution just yet. The company announced Wednesday evening the Google Wallet app now works on more phones: the Samsung Galaxy S4, Samsung Galaxy Note II and HTC One on Sprint, and the Samsung Galaxy Note II on US Cellular.
After ATM heist, India's IT sector again in unwelcome spotlight
MUMBAI/BANGALORE - A breach of security at two payment card processing companies in India that led to heists at cash machines around the world has reopened questions on the risks of outsourcing sensitive financial services to the Asian nation.
Found 4 days ago on channel Reuters
DHS Shuts Down Dwolla Payments To and From Mt. Gox
An anonymous reader sends this excerpt from BetaBeat: "The Department of Homeland Security appears to have shut down the ability to use Dwolla, a mobile payment service, to withdraw and deposit money into Mt. Gox, a Bitcoin trading platform. ... A representative for Dwolla told Betabeat that the company is 'not party' to this matter and encourages those with questions to reach out to Mt. Gox or the DHS. 'The Department of Homeland Security and U.S. District Court for the District of Maryland issued a 'Seizure Warrant' for the funds associated with Mutum Sigillium's Dwolla account (a.k.a. Mt. Gox),' he said. 'In light of the court order, procured by the Department of Homeland Security, Dwolla has ceased all account activities associated with Dwolla services for Mutum Sigillum while Dwolla's holding partner transferred Mutum Sigillium's balance, per the warrant.'"
Aereo Switches Up Pricing: $8/Month For 20 Hours Of DVR, $12/Month For 60 Hours Starting May 15
Aereo users, listen up. The company that has been bringing you access to 30 over-the-air broadcast channels on the cheap is switching up its pricing structure a bit to make things less complicated. Unfortunately, this switch also makes things slightly more expensive, but still highly competitive in today’s content streaming landscape. Starting on May 15, the original five-tier structure will be boiled down into two options: The base $8/month fee will offer 20 hours of DVR storage, and a $12/month fee will get you 60 hours of DVR storage. Neither service requires a long-term commitment. However, it’s worth noting that the $8/month plan changes the way you can record on Aereo’s DVR service, only letting users record from one channel at a time. At the same time, the $12 plan actually offers more than it used to, bumping up storage from 40 hours to 60 hours. When Aereo first launched, it offered more levels of service, including a $1/day deal. This was a unique option for the service, ...