A New Zealand court on Wednesday ruled that the search warrant used in the arrest of Megaupload founder Kim Dotcom on U.S. online piracy charges was legal, dealing a blow to the internet entrepreneur's fight against extradition to the United States.
Legal & Regulatory
Feds arrests San Francisco's startup Motionloft founder Jon Mills
The Federal Bureau of Investigation (FBI) confirmed that they arrested Jon Miller, the founder of San Francisco, US-based real-world analytics startup Motionloft, in connection with a false claim about an acquisition of the firm.
San Francisco compliance service provider Strevus bags $6.5M in first institutional funding
San Francisco, US-based startup software developer Strevus bagged $6.5 million in its first institutional funding led by Blumberg Capital and US Venture Partners for compliance solutions for financial services firms.
Will Bitcoin Bury the Banks?
The emergence of cryptocurrencies, especially Bitcoin, has raised many to speculate whether the concept of a global digital currency is inevitable in today's society. Andrew Filipowski, founder and former CEO of PLATINUM technology, inc and current Chairman & CEO of SilkRoad Equity, believes that the value and promise of Bitcoin can completely revolutionize the global economy and has the inevitable potential to bypass banks altogether.
It's official: Microsoft's SkyDrive is now OneDrive
Goodbye SkyDrive, hello OneDrive. Microsoft has officially rebranded its cloud storage service and launched a referral program to get more users to the platform, TechCrunch reported.
Latest News
In 2010, China has blocked American cloud storage service Dropbox for an unconfirmed reason, but last week, the Asian country has once again opened its access to Dropbox, according to Tech In Asia.
An investigative report published by independent news organization Mother Jones said most federal judges are not keen to consider piracy claims based on computer Internet Protocol (IP) addresses, which are often used as proof to identify potential thefts.
Boston, US-based startup Dunwello snagged $1.4 million in funding from investors including NextView Ventures, Vegas Tech Fund, and G20 Ventures, to develop an online tool that will improve the process of employee evaluation.
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.
Greenlight Capital has asked a New York state court to order the website Seeking Alpha to reveal the identity of the person who leaked the hedge fund's stake in Micron last year, Reuters reported.
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.
JPSML A/c Copthall Mauritius Investment acquired a 0.6% stake in Mumbai, India-based clothing retail chain Future Retail for INR13.5 crore at INR91.88 apiece on the National Stock Exchange.
Cincinnati, US-based food startup Nourish wants to give people who are too busy, lazy, or tired to cook meals an easy access to healthy home-cooked meals by hiring cooks who will do the task for them for a given fee.
The Obama administration has unveiled new guidelines that will encourage lenders to do transactions with state-licensed cannabis shops that are now constrained to doing business only in cash, Reuters reported.
