The case against Bitcoin Savings and Trust and its founder Trendon Shavers came to a close Friday after a judge found Shavers guilty of “knowingly and intentionally” operating a cryptocurrency ponzi scheme. Shavers’ case first drew headlines after the complaint was filed last July when his defense tried to argue that it wasn’t a ponzi scheme because bitcoin isn’t money. The judge quickly struck down that notion, and has now ordered the $38.6 million in illegal profits and $1.8 million in interest to be paid back, along with a $150,000 fine for each defendant, according to Reuters.
Although Google Now is closely associated with Android, it’s actually great on iOS as well, if you know where to find it: It’s hidden in the confusingly named Google Search app, which does a lot more than its name would suggest. With its latest update, the app gets improved Chromecast integration as well as new Google Now cards for TV recommendations and traffic. But the biggest change is that Google has renamed the Google Search app on iOS to simply “Google,” which Justin Timberlake would agree sounds a whole lot cleaner.
Europe’s data protection authorities (DPAs) have agreed on a common set of tools to help them deal with those seeking the right to be de-linked from search engines. The tools include a dashboard that will help regulators judge whether cases that come before them are similar to prior ones, or if they are new and require fresh thinking. This is a great step – it should ensure consistency and, because it will make the DPAs’ handling of such requests more efficient, it should also make it easier for Google and others to err on the side of rejecting requests and pass off the casework to the DPAs, as should be happening anyway.
It’s official. Alibaba is going to be the largest IPO in US history. The company is going public Friday and just settled on its opening price — a whopping $68. That means Alibaba expects to raise $21.8 billion, with a valuation of roughly $168 billion. Analysts expect the shares to pop after the market opens because the underwriters valued the stock lower than demand.
The official Twitpic account just tweeted that the company isn’t shutting down after all. It’s being acquired, although the tweet didn’t specify what company is saving the day. “We will post more details as we can disclose them,” it said. The announcement comes a few weeks after Twitpic announced it was shutting down its service due to a trademark conflict with Twitter. Thursday, a web Archive Team went to the press upset that Twitpic wasn’t letting it archive all the photos in light of its closure. The move may have pushed Twitpic to release the acquisition information before it was ready. We’ve reached out to Twitpic for more information and will update this if we hear back.