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Creator of Online Money Gets 20 Years in Prison

Slashdot -

An anonymous reader quotes this report from CNN: Before the virtual currency Bitcoin there was Liberty Reserve -- and its founder just got sentenced to 20 years in prison. Arthur Budovsky, 42, ran an online digital money business out of Costa Rica called Liberty Reserve. The U.S. government contended that the whole thing was just a massive, $6 billion money laundering operation. On Friday, U.S. District Judge Denise L. Cote sentenced him to two decades in federal prison. She said Budovsky did not show "genuine remorse," according to the Department of Justice... The U.S. government used the Patriot Act to go after this payment processor. The U.S. Treasury Department labeled it a money laundering organization, and cut it off from the American financial system. In 2013, American investigators took over the website and shut it down. In 2014, Budovsky and several coworkers were arrested in Spain. Then Budovsky was extradited to the United States to face trial for money laundering and operating an unlicensed money transmitting business.

Read more of this story at Slashdot.

Homeland Security Wants To Subpoena Techdirt Over The Identity Of A Hyperbolic Commenter

Slashdot -

Techdirt is in hot water with the Department of Homeland Security all thanks to a commenter known as Digger. Techdirt's Tim Cushing published a story about the Hancock County, IN Sheriff's Department officers who stole $240,000 under color of asset forfeiture. In response to the story, Digger wrote, "The only 'bonus' these criminals [the Sheriff's Department officers] are likely to see could be a bullet to their apparently empty skulls." The Department of Homeland Security then contacted Techdirt to ask whom they should send a subpoena to in order to identify Digger. Masnick is worried the subpoena could come with a gag order. "Normally, we'd wait for the details before publishing, but given a very similar situation involving commenters on the site Reason last year, which included a highly questionable and almost certainly unconstitutional gag order preventing Reason from speaking about it, we figured it would be worth posting about it before we've received any such thing," Masnick writes.

Read more of this story at Slashdot.

Doppio dual-screen smartwatch concept (video)

Liliputing -

Two screens are better than one (sometimes) when you’re using a desktop computer. But what about a laptop? You can get secondary displays for those too.

Let’s go smaller: what about smartwatches?

Maybe one day you’ll be able to get a dual-screen version of that too.

Doppio is a smartwatch concept that incorporates two displays that can be configured in a variety of ways. For instance, one screen can rest on top of the other for a sort of standard, single-screen view.

Continue reading Doppio dual-screen smartwatch concept (video) at Liliputing.

This 10-year-old Boy becomes the youngest Bug Bounty Hacker

The Hacker News -

"Talent has no Age Limit" That’s what I said for a 10-year-old Finnish boy on our official Facebook page while sharing his recent achievement with our readers i.e. Winning $10,000 bug bounty from Instagram. Last Tuesday when we at The Hacker News first acknowledged this talented boy and the flaw he discovered in image-sharing social network Instagram, I did not have an idea that the Facebook

Coinbase, Bitpay and Bitcoin Core

Bitcoin feeds -

A website shows their services can be purchased via Coinbase and Bitpay. I searched for information and found Bitcoin Core from bitcoin.org/en/choose-your-wallet and I think it is very popular among tens of wallet platforms. What is the difference between Coinbase and Bitcoin Core? Is there (...)

Can I send Bitcoins without a wallet

Bitcoin feeds -

How can I send bitcoins to someone, without having to purchase them first or set up a wallet? I'm looking for a service that will send N bitcoins to a given address. I pay them with my credit card or paypal. I don't wish to purchase any bitcoins myself, have a wallet, set up any kind (...)


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