PerformanceDude (1798324) writes "Bitfloor (a New York based online exchange for Bitcoin) has just made the following announcement on their website:
I am sorry to announce that due to circumstances outside of our control BitFloor must cease all trading operations indefinitely. Unfortunately, our US bank account is scheduled to be closed and we can no longer provide the same level of USD deposits and withdrawals as we have in the past. As such, I have made the decision to halt operations and return all funds.
Over the next days we will be working with all clients to ensure that everyone receives their funds. Please be patient as we process your request.
PerformanceDude (1798324) writes "TIRED of untangling the air hose at the petrol station? Or are you among the majority of drivers who check their tyres less than once a year? Goodyear has invented a tyre that inflates itself while on the move – which, it claims, will save drivers money due to more even wear and better fuel economy." Link to Original Source top
Australian ISP wins court appeal against Hollywood
PerformanceDude (1798324) writes "The giants of the film industry have lost their appeal of a lawsuit against ISP iiNet in a landmark judgment handed down in the Federal Court today.
The appeal dismissed today had the potential to impact internet users and the internet industry profoundly as it sets a legal precedent surrounding how much ISPs are required to do to prevent customers from downloading movies and other content illegally.
The film studios had sued iiNet arguing that by not acting to prevent illegal file sharing on its network it was essentially "authorising" the activity." Link to Original Source top
PerformanceDude (1798324) writes "The Register reports that a major UK law firm knew it sometimes had no reliable evidence of unlawful filesharing when it demanded hundreds of pounds damages from internet users, according to the solicitors' watchdog.
London-based Davenport Lyons threatened thousands of people with legal action for alleged copyright infringement between 2006 and 2009. They were told that by quickly paying around £500 damages, plus costs, they could avoid court.
Following complaints to the Solicitors Regulation Authority (SRA), Davenport Lyons now stands accused of deliberately ignoring concerns over the standard of its evidence." Link to Original Source