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Business, Financial & Legal Posts - Page 47

Attorneys, bitcoin supporters working on cryptocurrency law book

A Canadian lawmaker is spearheading an international group of attorneys, professors, bitcoin businesses and supporters to publish the first bitcoin law book. It's possible Canada could become the first country to create federal bitcoin laws, though volatility, secure monetary exchanges, and criminal behavior must be addressed moving forward.

 

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"I am thrilled to have the opportunity to write about the evolving law surrounding Bitcoin and other digital currencies said Chrstine Duhaime, Duhaime Law partner, in a press release. "As the US Federal Reserve noted only weeks ago, Bitcoin's disruptive technology may force banks and other financial institutions to adapt and change the way they provide services to consumers and it will open new markets for business all over the world. It's important that the law keeps pace with emerging technologies like Bitcoin and we are excited to be a part of the international dialogue on Bitcoin law."

 

Consumers and businesses are becoming more familiar with bitcoins, but governments are still unsure how to handle the popular cryptocurrency. There are a growing number of money laundering-related cases involving bitcoins, which police authorities are trying to clamp down. Meanwhile, the U.S. Department of Justice is working to learn more about bitcoins and any black markets available for drug dealers and money launderers.

Silicon Valley poaching case leads to $4,000 payouts following lawsuit

The $324.5 million payment that Apple, Adobe, Intel and Google agreed to pay will lead to $4,000 payouts to the workers, depending on their work salaries during the four-year lawsuit. A June 19 hearing in San Jose could lead to the deal being approved by a federal judge, though there already is resistance to the expected settlement.

 

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Top executives from Silicon Valley technology companies created "no-poaching" pacts so employees that argued they were unable to seek higher salaries elsewhere. Intuit paid $11 million and Pixar and Lucasfilm, which are both owned by Disney, paid the remaining $9 million - and that payment has already received approval from U.S. District Judge Lucy Koh.

 

Poaching talented rivals from one another is not uncommon in Silicon Valley, and salaries are increasing in value for workers, as job recruitment continues to be intense among tech and biotech companies.

D Las Vegas Casino adds bitcoin ATM for visitors to use

The D Las Vegas Casino Hotel, which was the first Sin City casino to accept bitcoin cryptocurrency payment, now has its own Robocoin bitcoin ATM. Customers can exchange U.S. currency and bitcoins, or deposit cash into bitcoin accounts. D Casino Hotel is located off the main strip, and can be found on Fremont Street.

 

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D co-owner Derek Stevens said the number of bitcoin-related transactions is higher than initially considered, though wouldn't disclose exact figures. The popular cryptocurrency is accepted at the D front desk, casino floor, restaurants and in the casino gift shop.

 

The addition of bitcoin ATM machines in shopping malls and other popular shopping destinations continues to grow - and with casinos fighting for visitors willing to spend money - adding them to the hotel lobby and casino floor makes sense. Bitcoins continue to gain mainstream acceptance from customers, and more stores are showing interest in accepting the currency as payment.

Cox plans to roll out residential gigabit internet service

Cox Communications is one of the largest cable TV providers in the US and has recently committed to rolling out ultrafast broadband internet service for residential users. Cox will be rolling out gigabit speed broadband to all of its residential customers starting this year. Cox plans to invest hundreds of millions of dollars in the rollout of the faster service.

 

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Cox is starting with upgrades to its networks in Phoenix, Las Vegas, and Omaha, Nebraska. The first customers in those areas will be able to upgrade to gigabit speeds in Q4 2014. Cox is the third largest cable and internet provider in the US behind Comcast and Time Warner.

Continue reading 'Cox plans to roll out residential gigabit internet service' (full post)

Apple working on fix for iMessage bug after acknowledging the issue

If you have anyone on your list of friends that you text who used to have an iPhone and then moved to another device, but kept the same number, you may have noticed texts don't always go through. The problem is in the way that Apple handles iMessage. The upside to iMessage is that you can send texts to people without having them count against your monthly text allotment. Granted most of us these days have unlimited texting.

 

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The issue Apple is acknowledging is one that sees texts continue to be handled as iMessages even when they are not. That means your texts may not be delivered to people after the move away from iMessage. Apple said on Thursday that it is in the first stages of fixing the issue.

Continue reading 'Apple working on fix for iMessage bug after acknowledging the issue' (full post)

Smartphones make up 87% of all mobile phone shipments in the US

Not too long ago smartphones were being outsold by feature phones and traditional mobile devices. That is changing with more and more people upgrading to smartphones as time goes by. New statistics have surfaced from Counterpoint's Market Monitor that looks at Q1 of 2014. For that, quarter smartphones reached 87% of all handsets shipped.

 

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Smartphone shipments totaled 3 million units for the quarter. The stats are specific in pointing out that they talk about smartphones shipped, not devices sold. Shipped means sent to stores for stock, but the devices may still be in stock rather than sold to consumers.

Continue reading 'Smartphones make up 87% of all mobile phone shipments in the US' (full post)

Hewlett-Packard's struggles continue, more job cuts expected

Hewlett-Packard will layoff more employees than originally anticipated, with 11,000 to 16,000 job cuts within the next five months, according to company CEO Meg Whitman. The company originally anticipated cutting up to 34,000 jobs, but the total number will now be in the neighborhood of 50,000.

 

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"With the first half of our fiscal year completed, I'm pleased to report that HP's turnaround remains on track," Whitman said. "We're gradually shaping HP into a more nimble, lower-cost, more customer- and partner-centric company that can successfully compete across a rapidly changing IT landscape."

 

HP personal PC revenue was up 7 percent year-over-year, but printing, enterprise group, and enterprise services revenue were all down. Software revenue was flat year-over-year, according to HP, as the company continues to move forward. In the future, HP is working with its resellers to push sales up, though will be an increasingly difficult battle - as Lenovo, Dell, and other OEMs improve their consumer and business offerings.

Apple WWDC 2014 keynote confirmed for June 2 at 10AM PT

Apple has confirmed the time for the keynote speech at WWDC 2014. The speech will be delivered on June 2 at 10 AM PT. New hardware is expected to be unveiled during the keynote. Apple usually has a keynote speech to kick off WWDC each year, but this is the first official confirmation for this year.

 

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CEO Tim Cook is expected to lead the speech with assistance from other Apple execs. Some of the things expected to be covered in the keynote include a new version of OS X along with updated iOS 8. Sources continue to claim new hardware will be unveiled.

Continue reading 'Apple WWDC 2014 keynote confirmed for June 2 at 10AM PT' (full post)

Nest issues recall on 440,000 smoke alarms due to Wave feature

Nest Labs has issued a recall on 440,000 of its Protect smoke alarms due to an issue with the Wave feature. The issue with that Wave feature can disable the smoke alarm accidentally. Nest's Wave feature was designed to allow the user to disable the alarm in non-emergency situations by waving their hand in front of a sensor.

 

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Nest has rolled out an update to the alarm that is applied via Wi-Fi. That update will disable the Wave feature while allowing other features of the smoke detector to function. Nest Protect smoke alarms do more than just detect smoke in the event of a fire.

Continue reading 'Nest issues recall on 440,000 smoke alarms due to Wave feature' (full post)

ZeniMax files suit against Oculus VR and company founder Palmer Luckey

Oculus VR is the company that was purchased by Facebook for $2 billion a couple months back and maker of the Oculus Rift headset. The Oculus Rift VR headset has been an interesting item that many people are looking at as the future of gaming. ZeniMax, the parent company behind some popular video games like Fallout and Elder Scrolls, has now sued Oculus.

 

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The suit alleges that Oculus VR "illegally misappropriating ZeniMax trade secrets relating to virtual reality technology, and infringing ZeniMax copyrights and trademarks." The suit also accuses Oculus of breach of contract, unfair competition, and unjust enrichment. The suit was filed in a District Court in Texas.

Continue reading 'ZeniMax files suit against Oculus VR and company founder Palmer Luckey' (full post)

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