TweakTown
Tech content trusted by users in North America and around the world
6,201 Reviews & Articles | 40,022 News Posts
TRENDING NOW: Samsung wants the US government to block GeForce GPU shipments

TweakTown News

Refine News by Category:

Business, Financial & Legal Posts - Page 68

Bitcoin price stumbles down nearly 30% over the weekend

Just 10 days ago we reported that Bitcoins reached over $1000 in value each, which at the time was a meteoroic 4000% increase, year-over-year. Now? The digital currency has dropped to around $800 each, from their peak at $1200 just days ago.

 

TweakTown image news/3/4/34307_05_bitcoins_fall_from_grace_happens_surprises_few.jpg

 

Few thought that Bitcoins would reach parity with gold, some thought there was no end in sight, but you can't dispute the fact that the digital currency has stumbled, with no exact science or past on how it will react. Will it go down to $100 each? Will we see another country completely embrace it and see it skyrocket past $2000?

 

With China's central bank refusing to consider Bitcoins as legal tender, the drop in price quickly happened. But, the Chinese government didn't put an all-out ban on the digital currency, with all citizens still able to use Bitcoins legally. The central bank's refusal to use them is what hurts the most, as it could spread quickly throughout the world.

Continue reading 'Bitcoin price stumbles down nearly 30% over the weekend' (full post)

Bitcoins can now be used to buy Ouya consoles

If you want to support independent games, and didn't want to use that pesky fiat-based, central bank currency - well, this is music to your anti-mainstream ears!

 

TweakTown image news/3/4/34274_02_bitcoins_can_now_be_used_to_buy_ouya_consoles.jpg

 

Bitcoins can now be used to purchase Ouya consoles, which is great because it means you don't need to use a credit card. Unfortunately, if you want to purchase games on the Ouya console, you'll still need your credit card - which I don't get. If you're going to support Bitcoin, do it all the way, or not at all. Ouya does state that PayPal support is coming soon.

China Mobile denies iPhone deal with Apple, no deal reached, yet

Yesterday we reported that Apple had inked a deal with China Mobile for the iPhone, but now China Mobile itself has denied the report. This is strange, especially given that it was The Wall Street Journal's sources who were talking about the deal.

 

TweakTown image news/3/4/34273_01_china_mobile_denies_iphone_deal_with_apple_no_deal_reached_yet.jpg

 

China Mobile spokeswoman, Rainie Lei said: "Talks between China Mobile and Apple on cooperation are still going on and we currently do not have anything to announce." I'm sure we'll hear something in the coming days, but for now there is no deal reached between the two giants.

US House of Representatives pass anti-patent troll bill

As I first reported yesterday, the US House of Representatives has been hearing arguments on a new bill that could put an end to many of the frivolous patent lawsuits filled each year by so-called patent trolls. As expected, the bill has passed in the House with support from both sides of the isle.

 

TweakTown image news/3/4/34270_1_us_house_of_representatives_pass_anti_patent_troll_bill.jpg

 

Known as the Innovation Act 325-91, the bill will now make its way to the senate where it is expected to pass with a bipartisan majority as well. Once it is finished in congress, the bill will make its way to President Obama's desk and he also is expected to sign it into law. If this does happen, we could see an end to the era of east Texas shell corporations that exist only to file and buy low-quality, low-detail patents that are so vague that they can be claimed as part of many technologies.

 

This is the first step into patent reform, and hopefully the next step will be a complete overhaul of the United States Patent and Trade office. With companies now patenting seeds, human, animal and plant genes, and even specific code, we need to work hard to prevent these sort of things from happening. If not, then I am afraid that we may see an immense slowdown in technological and scientific innovation and breakthroughs for decades to come.

Microsoft stock falls after news that Mulally will not be next CEO

The saga over who will become Microsoft's next CEO has taken yet another step forward today after a board member at Ford told press that Alan Mulally will not be leaving the car maker for Redmond, Washington. Since this news began to spread earlier this week, Microsoft's stock has fallen about 3.5-percent, equating in a $12 billion fall in market cap for the company.

 

TweakTown image news/3/4/34269_1_microsoft_stock_falls_after_news_that_mulally_will_not_be_next_ceo.jpg

 

The news came from Ford board member, Edsel Ford II who stated that "Alan is staying through the end of 2014," a time frame far past Steve Ballmer's departing date. This is good news for Nokia's Stephen Elop, who is also in the running to take the CEO seat. Today's news does not surprise me at all though, as I have expected Elop to be the "Chosen One" since Microsoft announced its acquisition plans for Nokia. Other reports suggest that Microsoft's head of Cloud Services Satya Nadella could head up the company, but I see that as a far stretch at this point.

Bill designed to stifle patent trolls likely to pass in the House

Another step to ending the endless stream of patent lawsuits filled by patent trolls is almost complete. Today AllThingsD is reporting that supporters are confident that a bill designed to stifle abusive patent lawsuits will pass in the House of Representatives later this week.

 

TweakTown image news/3/4/34262_1_bill_designed_to_stifle_patent_trolls_likely_to_pass_in_the_house.jpg

 

"The Innovation Act from House Judiciary Chairman Bob Goodlatte (R., Va.) is aimed at discouraging patent holders from filing frivolous lawsuits in hopes of extracting a settlement. The bill would give judges more discretion to limit discovery or award legal fees when a lawsuit fails to prove infringement," the report read.

 

With major corporations such as Newegg.com losing frivolous patent lawsuits to known patent trolls such as TQP Development something must be done, or innovation could be suppressed for decades while inventors, developers, and designers wait for existing patents to expire. Personally, I feel that the entire US and UK patent systems need a complete overhaul. They worked well during the industrial revolution and even somewhat well since them, but in today's world of 0's and 1's, we need to pay very close attention to what we allow to be patented, or we may miss out on the next big breakthrough in science.

Carl Icahn wants Apple to buy back $50 billion in shares

Billionaire activist is at it again, and this time he is pushing Apple to buy back $50 billion worth of its shares from investors. Today Time Magazine reported that Icahn has filed a proposal that he hopes will pressure Apple into increasing its share buyback program to a whopping $50 billion.

 

TweakTown image news/3/4/34256_1_carl_icahn_wants_apple_to_buy_back_50_billion_in_shares.jpg

 

Apple has confirmed that the proposal has been filed, but no comment on the actual proposal was made. Apple could more than afford the buyback, but it would cut its cash reserves significantly. On the other hand, with Apple's stock falling over the course of the last 12 months, the buyback increase could see some investors make back some of their lost investments.

MPAA wins $80 million settlement in suit against Hotfile

The MPAA has won a 3-year long lawsuit against Hotfile, a file sharing service that payed users to upload and share various files including pirated movies. Today the two parties agreed on an $80 million settlement, and Hotfile was ordered to cease all operations unless it implement's digital fingerprinting of files.

 

TweakTown image news/3/4/34252_1_mpaa_wins_80_million_settlement_in_suit_against_hotfile.jpg

 

"This judgment by the court is another important step toward protecting an Internet that works for everyone. Sites like Hotfile that illegally profit off of the creativity and hard work of others do a serious disservice to audiences, who deserve high-quality, legitimate viewing experiences online," said MPAA Chairman and CEO Chris Dodd.

 

This is yet another big win for the MPAA against online piracy, and even though only a fraction of the $500 million the MPAA was seeking was ordered, Hotfile may not survive this outcome. At the current time, Hotfile has removed all premium offerings from its service, and it is unclear if any future payments will be made to it users.

Spotify pays 'more than two times more' than YouTube to artists

Spotify has just launched a new set of tools that artists, managers and others can use to track the popularity of their music on the music streaming service. Spotify continues to focus on communicating to the music industry that its service is great for artists, and that all of the bad words you hear about music streaming isn't all that it's cracked up to be.

 

TweakTown image news/3/4/34246_10_spotify_pays_more_than_two_times_more_than_youtube_to_artists.png

 

Spotify provides an analytics dashboard, which allows artists a real-time look at just how much their content is being listened to. Also included in this, are details on listeners, such as age, gender, location of their listeners and more. Spotify one-ups this though, providing details on just how the royalties are paid out from Spotify.

 

It also shows other avenues where Spotify exposes artists to the public, with the music streaming company saying that it pays "more than two times more" than ad-supported services like YouTube, and "significantly" more than traditional and online radio services. Spotify holds just 30% of the profits, giving the remaining 70% to its artists.

Apple patents yet another method for unlocking your iPhone

If unlocking your iPhone via your fingerprint was not easy enough, Apple has been granted a patent on yet another unlocking method. The new method would all you to unlock your phone by simply looking at it. This time Apple wants not only your fingerprint to be saved on the device, but for your face to be digitized and saved as well.

 

TweakTown image news/3/4/34234_1_apple_patents_yet_another_method_for_unlocking_your_iphone.jpg

 

Apple says that in addition to simply unlocking the device, this facial recognition could be used to launch or open up specific apps on the device. Android has had this functionality for a while now, and so has Apple. About two years ago, Apple was awarded a similar patent that used different control methods for facial recognition. With the companies recent purchase of PrimeSense, they could take this patent very far.

Latest News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases