IBM announced today that they will pay GlobalFoundries 1.5 Billion dollars over three years in exchange for GlobalFoundries taking over their microchip business. GlobalFoundries was itself created in 2009 when AMD divested from manufacturing. As part of the deal GlobalFoundries is getting paid to acquire IBM's semiconductor manufacturing facilities and personnel with the exception of a small team of researchers remaining with IBM. The number of things IBM still does continues to shrink.
Spain to Issue More Online Gambling Licenses
With Spain's Gaming industry facing declining fortunes, regulators seek to issue more online gambling licenses. Spain notably has the highest tax on Gross Gaming Revenue in Europe and a number of established online betting operations in Spain have been relinquishing their licenses due to cost. El Ministerio de Hacienda y Administraciones Publicas has ruled in that past that they suppose online gambling operations in Bitcoin ought to apply for licenses when they operate in Spain.
Kraken Considers Purchasing MtGox Assets As It Pushes Into Japan
Payward1 run exchange Kraken is headed to Japan with plans to begin offering its service by the end of this October. Founder and CEO Jesse Powell believes Kraken has the expertise required to meet demand for a Japanese Bitcoin exchange. Kraken won't be the first exchange to launch in Japan since the collapse of MtGox with BitOcean and BtcBox having beaten them to the punch earlier this year. Continue reading
Investors include Hummingbird Ventures, Trace Mayer and the Bitcoin Opportunity Fund. ↩
digitalBTC Release September Quarterly Report
Digital CC Limited, the Australian Securities Exchange listed company which trades as digitalBTC, today released their quarterly statement for July through September, 2014. Continue reading
Daniel J Bernstein Speaks on Keeping Crypto Insecure
Yesterday Daniel J Bernstein gave the Keynote speech at the 11th Hackers To Hackers Conference in Sao Paulo, Brazil. A PDF of his slides is available here, and the slide text is presented below for those with PDF aversions. The talk presented a narrative of how an attacker could manipulate the cryptographic ecosystem to culture insecurity. Continue reading
Coinfloor To Raise Capital Meanwhile Nefario Has Left
Coinfloor, the largest exchange for sterling/bitcoin transactions, is set for a round of capital raising1 which will be used to launch a Bitcoin fund and enable customers to trade a wider variety of currencies for bitcoin. From Tuesday, Coinfloor will begin accepting customer deposits in USD, Euro as well as the Polish Zloty. Continue reading
It is rumoured that the funding round will raise £1m. ↩
Moopay Goes From Robusto To Busto
Moopay, which owns and runs Moolah.io, are insolvent and will enter into liquidation after it was revealed that a bug allowed attackers to withdraw double the amount they had deposited. At this time, there is no record of any Moopay details in the bankruptcy and insolvency register used in the UK although it's reasonable to expect that the details have yet to be entered. Continue reading
Incoin Promises To Liberate Your Payroll
Incoin, a payroll distribution company which allows employers to pay their employees and contractors in bitcoin, has launched its semi-public beta. Continue reading
Dogecoin Facebook Contributor to Jail
After the other events of this week rocking Dogecoin, a contributor to the official Dogecoin Facebook page will be going to jail for financial crimes he admits to committing between 2008 and 2011. His post announcing this news is below: Continue reading
Caleb Chen, Stephanie Murphy & Brian Sovryn Assist Ponzi Scheme
Bitcoin Trader was an obvious ponzi scheme which inevitably disappeared with all the bitcoin invested by customers. The scheme marketed itself as one that could deliver a passive income on auto pilot to customers by taking advantage of arbitrage opportunities in the market, returning profits to customers after a 120 day period. Where some people see numerous red flags, others see opportunity! Continue reading