Government

Uncle Sam loses $31M as it wavers on what to do with Bitcoin stash- report

The uncertainty of the US government on what to do with the Bitcoins it has confiscated from the Silk Road raid in October last year has already cost it paper losses amounting to $31 million, The New York Post reported.


Chinese bloggers ask for support from John Kerry for Internet freedom in China

Chinese bloggers asked for the help of US Secretary of State John Kerry to help push for Internet freedom in China in a meeting at the US Embassy in Beijing, Bloomberg reported.

Hedge funds ask Puerto Rico to raise sufficient capital for two years, give up sovereign immunity- sources

Hedge funds planning to participate in the bond offering of Puerto Rico are asking the commonwealth to raise enough capital to last for two years and give up its sovereign immunity, according to sources interviewed by Bloomberg.

White House officials present Cybersecurity Framework to strengthen cybersecurity for large firms

White House officials finally rolled out the Cybersecurity Framework aimed at improving the cybersecurity of public and private critical infrastructure providers so they can better fight against cyber threats, TechCrunch reported.


Latest News

Chicago, US-based aircraft maker Boeing is seeking approval from the Federal Aviation Administration (FAA) to use biodiesel in jet fuel for commercial flights around the world.
iCitizen Corp, a politics-focused startup, endeavors to keep people in the loop about political issues and legislation using its mobile app, Venture Capital Dispatch reported.
As banks shed off their private equity units to comply with the Volcker Rule, the executives of these newly-independent firms will find themselves doing more travel in their search for new investors, The Wall Street Journal reported.
The Central Bank of Russia echoed its statement that the Ruble is the country's official currency, and being a money substitute, Bitcoin is now banned because it is reportedly used in illegal activities.
Rengan Rajaratnam, the younger brother of Galleon Group Founder Raj Rajaratnam, has asked the US District Court in New York to dismiss charges of insider trading filed against him last year, Reuters reported.
Alleged Silk Road operator Ross William Ulbricht will have a November 3 trial date after pleading not guilty in a Manhattan federal court, Bloomberg reported.
The Foreign Intelligence Surveillance Court has approved two of President Barack Obama's proposed changes on the National Security Agency's surveillance of US telecommunications, VentureBeat reported.
After losing a third of its value last week due to a ruinous blog post published about the firm by a Harvard Business School professor, Blinkx complained to a financial regular that it may have been the victim of a market manipulation, the Financial Times reported.
State authorities in Florida have arrested and filed charges against three individuals who they alleged were doing illegal operations involving substantial amounts of Bitcoins, Krebs on Security reported.
According to economists, the poor jobs report will most likely not prevent the Federal Reserve from proceeding with the trimming of its monthly bond purchases, Bloomberg reported.
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