A U.S. attorney in the Southern District of New York said Shrem (CEO of Bitcoin exchange BitInstant), along with alleged co-conspirator Robert Faiella, sold more than $1 million worth of bitcoins to Silk Road customers. Faiella, a Florida man who allegedly runs an underground Bitcoin exchanger using the alias BTCKing, was also arrested.
The fallout continues in the Silk Road saga. Is it even possible for a Bitcoin exchange to know they are "laundering" money for Silk Road customers? What does being charged with running an unlicensed money transmitting business say for the future of Bitcoin, at least in the U.S.?" Link to Original Source
Guru80 writes ""President Barack Obama on Friday will announce the end of the controversial NSA telephone metadata collection program "as it currently exists," a senior administration official told CNN. Obama will say that he is ordering a transition of the current intelligence-gathering program to one that addresses concerns of privacy and civil liberties, the official said."
Guru80 writes "Microsoft is offering vouchers for the purchase of a Surface RT on the day of launch (October 26th) if presented before noon at your local Microsoft Store location. Customer representatives don't seem to have any information on them and at least one has stated they weren't originally intended to be public information. To get one you must talk to the manager of a Microsoft Store and they can give them out at their discretion. The vouchers will allow for the purchase a Surface RT Tablet without requiring a pre-order as was originally speculated." top
Paypal joins the no class action lawsuit bandwagon in privacy statement changes
PayPal recently posted a new Policy Update which includes changes to the PayPal User Agreement. The update to the User Agreement is effective November 1, 2012 and contains several changes, including changes that affect how claims you and PayPal have against each other are resolved. You will, with limited exception, be required to submit claims you have against PayPal to binding and final arbitration, unless you opt out of the Agreement to Arbitrate (Section 14.3) by December 1, 2012. Unless you opt out: (1) you will only be permitted to pursue claims against PayPal on an individual basis, not as a plaintiff or class member in any class or representative action or proceeding and (2) you will only be permitted to seek relief (including monetary, injunctive, and declaratory relief) on an individual basis.
With so many privacy policies changing to include such wording, does it really hold any weight if some obscure and buried opt-out option isn't checked?" Link to Original Source