Business Topics

IRS says bitcoin will be taxed like property

Mar 26, 2014

IRS says bitcoin will be taxed like property

Virtual currencies like bitcoin will be taxed in the United States like property — not currency, the Internal Revenue Service said Tuesday. The IRS says bitcoin is not legal tender. You can’t use it to pay your taxes. However, if you receive wages in ...

Turkey's bid to ban Twitter fails

Mar 22, 2014

Turkey's bid to ban Twitter fails

Turkey’s attempt to block access to Twitter appeared to backfire Friday, with many tech-savvy users circumventing the ban and suspicions growing that Prime Minister Recep Tayyip Erdogan is using court orders to suppress corruption allegations against him and his government. Turkey’s telecommunications authority said ...

Microsoft says it snooped on Hotmail to track leak

Mar 21, 2014

Microsoft says it snooped on Hotmail to track leak

Microsoft Corp., which has skewered rival Google Inc. for going through customer emails to deliver ads, acknowledged it had searched emails in a blogger’s Hotmail account to track down who was leaking company secrets. John Frank, deputy general counsel for Microsoft, which owns Hotmail, ...

| Mar 21, 2014

Is bitcoin start of a financial revolution?

Bitcoin may not be the messiah of a new currency its hard-core fans yearn for, but it may herald the deeper financial revolution the Internet has been waiting for. While computers and smartphones have brought the Web to more than a third of the ...

Mar 21, 2014

Google toughens security with Gmail encryption

Google said Thursday its popular Gmail service will use encryption to thwart snooping, the latest move by the tech sector reassuring customers following revelations about U.S. surveillance programs. “Your email is important to you, and making sure it stays safe and always available is ...

Google redesigns Android to power 'smartwatches'

Mar 19, 2014

Google redesigns Android to power 'smartwatches'

Google thinks it’s time for an Internet-connected watch that performs many of the same tasks as a smartphone but with fewer distractions and rude interruptions. The Internet’s most influential company is trying to unleash a new era in mobile computing with a version of ...

Trademark holders fear 'cybersquatters' as Web names grow

Mar 17, 2014

Trademark holders fear 'cybersquatters' as Web names grow

The mass expansion of Internet domain names could cause havoc for the defense of trademarks in cyberspace, the U.N.’s intellectual property body warned Monday. “We have this extraordinary expansion that is going on,” said Francis Gurry, head of the World Intellectual Property Organization (WIPO), ...

Impoverished Haiti manufacturing its own Android tablet

Mar 17, 2014

Impoverished Haiti manufacturing its own Android tablet

Better known for producing poverty and political mayhem, the Western Hemisphere’s least developed country has made a surprising entry into the high-tech world with its own Android tablet. Sandwiched between textile factories in a Port-au-Prince industrial park next to a slum, a Haitian-founded company ...

China e-commerce giant Alibaba to list in U.S.

Mar 17, 2014

China e-commerce giant Alibaba to list in U.S.

Chinese e-commerce giant Alibaba Group plans to go public on a U.S. stock exchange, possibly raising up to $15 billion in the biggest initial public offering since Facebook. The announcement Sunday confirming plans for a U.S. share sale ended months of speculation over where ...

Mar 15, 2014

China's version of Twitter files for IPO

Weibo Corp., the Chinese microblogging service often compared with Twitter, filed Friday for a U.S. stock offering seeking to raise $500 million. The move will allow the popular Chinese-language social network to spin off from the Internet giant Sina, according to documents filed with ...

Why criminals love bitcoins so

| Mar 15, 2014

Why criminals love bitcoins so

Criminals may already have made off with $500 million worth of bitcoins since the virtual currency was launched in 2009 — and you can double that if they emptied Mt. Gox’s coffers. Internet criminals, security experts say, are attracted to bitcoins because of their ...