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The recent announcement of Brock Pierce, a former Disney child star and bitcoin supporter, as new Bitcoin Foundation director has angered some within the organization - and at least 10 members of the Foundation have resigned due to the announcement. Pierce was accused of giving drugs and pressuring minors for sex during his reign as leader of the Digital Entertainment Network, a company that later went bankrupt.
"The track record of prominent Bitcoin Foundation members has been abysmal," said Patrick Alexander, one of the Foundation members resigning. "I no longer want to be associated with these people."
Although bitcoin is receiving mainstream publicity, it has proven to be a difficult journey to reach this point. The downfall of Mt. Gox and a well-known bitcoin executive getting busted in a Silk Road money laundering scheme certainly didn't help - but the sky is still the limit for the volatile cryptocurrency.
In some areas if you don't lock your bike up, it will be gone before you come back out to get it. In those areas, a bike lock is a requirement. However, if you want to share your bike with a friend, you have to tell them your combination or give them a key and that can be a problem if you aren't nearby. A new high-tech bike lock called the Skylock is looking to help solve that problem.
Skylock is a U-lock that has a solar powered rechargeable battery inside. The lock is able to send the owner theft and crash alerts. It also has keyless entry and opens the ability to share your bike without having to be there.
The Lead Electrical Engineer on Google Glass, Adrian Wong, has just left the Mountain View-based search giant for Facebook, where he will work on the Oculus Rift.
Wong's LinkedIn page is where the information came from, with his last day at Google being around two weeks ago now. He posted a goodbye message on Facebook, to his friends at Google. When he was with Google, he was the man responsible for the main PCB and display electronic subsystems on Google's wearable device.
Autodesk is a name that is very well known in the 3D modeling software market. The company has stepped into the 3D printing market with a new open platform called Spark. Autodesk CEO Carl Bass says that Spark will "make it more reliable yet simpler to print 3D models, and easier to control how that model is actually printed."
Autodesk will also unveil its own 3D printer that will serve as a reference implementation for Spark. Bass promises that the 3D printer will set a "new benchmark" for 3D printing. Autodesk plans to promote free licensing of the printer and Spark to manufacturers and other parties.
Japanese electronics giant Sony expects a massive $489 million loss during this financial year, as company CEO Kazuo Hirai struggles to turn his company around. Meanwhile, Sony will spend up to $1.32 billion to try and restructure through March 31, 2015, and financial analysts believe it will take some time before Sony can try to recover.
Earlier in the year, Sony confirmed it would sell off its PC unit and TV business, along with laying off 5,000 employees. The VAIO PC sale will be completed by July, as Japan Industrial Partners will try to add some sales and marketing power to the brand.
Here is what Sony CFO Kenichiro Yoshida said during a financial call: "In previous years the restructuring was mostly within business units and in manufacturing. This time the difference is that we are quitting businesses entirely."
Popular e-tailer Amazon is hiring for a new distribution center that will be located in Newark, California, located 20 miles from San Jose and about 40 miles from San Francisco. The new warehouse will be located in a 574,000-square-foot building, and should open up hundreds of new jobs in Silicon Valley, according to Newark Mayor Alan Nagy.
"That's going to mean, I believe, a couple hundred jobs, which certainly this area can use," Mayor Nagy told the San Francisco Business Times. "I think it bodes well for our Newark residents that want to apply for a job there, that want to work close to home."
In the Bay Area, Amazon Prime members tend to receive product orders in one or two days, shipped from a distribution center located in North Las Vegas. Amazon has a research and development center already located in the South Bay, and with high demand of Northern California shoppers, a Newark-based facility makes sense.
One of the important parts of making sure people will buy items from an online store is to make sure that those who are unhappy with their items can return them easily. The flip side to that coin is making sure that once the items are returned the buyer gets a fast refund of their money. Apple has reportedly made refunds much faster for people who return items purchased at its online store.
Reports indicate that it now takes about half the time it used to for a refund to be issued. A company called StellaService says that people can get a refund from Apple in less than a week now. It used to take ten days to get a refund in the past.
The Wall Street Journal is reporting from a ComScore report, where it has studied Tumblr traffic noticing it has dropped from its peak of 49 million visitors back in December, to 42 million in March.
This is a 15% drop in three months of a whopping 7 million visitors. Yahoo purchased Tumblr just over twelve months ago for $1.1 billion, but since it acquired the company, Yahoo hasn't done much with it. Maybe we might see a change now that the traffic is beginning to dry up.
According to a report from Bloomberg, AT&T has in deep discussions with DirecTV for a massive acquisition that would see AT&T shelling out $100 per share for DirecTV, a deal that would be worth around $50 billion.
Bloomberg's Alex Sherman and Jeffrey McCracken said: "Under the plan being discussed, DirecTV management will continue to run the company as a unit of AT&T and DirecTV Chief Executive Officer Mike White plans to retire after 2015, said the people, asking not to be named because the information is private".
Diamond Circle, a bitcoin monetary ecosystem for the popular cryptocurrency, announced its pending launch of a new debit card. The Diamond Circle bitcoin debit card will only work with its cashless ATM machines, its own point-of-sale (POS) solutions or through the official Diamond Circle online exchange.
As more businesses try to jump into the bitcoin debit card effort, most others are relying on UnionPay or some other card payment network - so Diamond Circle may run into trouble trying to market its service. However, the company is all about providing safe bitcoin storage in which users have easier access to their cryptocurrency, so we'll have to wait and see how things develop.
There is a growing interest in bitcoin debit cards and ATM machines, such as the Xapo bitcoin debit card, though bitcoin supporters are concerned of possible market fragmentation.