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Bitcoin

Vast Bulk of BitCoins Are Hoarded, Not Used 438

another random user writes with this news from Ars Technica:"More than three-quarters of the digital coins in the Bitcoin digital currency scheme aren't circulating because they remain dormant in user accounts that have never participated in outgoing transactions, a recently published study has found. The figure translates to more than 7.019 million BTCs, the term used to denote a single coin under the digital currency, which uses strong cryptography and peer-to-peer networking to enable anonymous payments among parties who don't necessarily know or trust each other. Based on exchange rates listed on Mt.Gox — the most widely used Bitcoin exchange — the coins have a value of more than $82.87 million. On May 13, the date the researchers analyzed their data, there were slightly more than 9 million BTCs in existence."
Crime

How Hair Can be Used To Track Where You've Been 133

First time accepted submitter kandelar writes "PBS recently ran a story about how some scientists are using human hair to trace where a person has been. The combinations of different isotopes in water make for somewhat unique signatures from place to place. These isotopes get placed in growing hair strands which can then be traced back to identify where a person has been."
Businesses

Amazon Founder Jeff Bezos Calls For Governments To End Patent Wars 135

concealment writes with news that Amazon's Jeff Bezos has called for new legislation from governments to end abuse of the patent system. He said, 'Patents are supposed to encourage innovation and we're starting to be in a world where they might start to stifle innovation. Governments may need to look at the patent system and see if those laws need to be modified because I don't think some of these battles are healthy for society.' His comments are from an interview with the UK's Metro. Bezos was also optimistic about the future of the private space industry: "If private companies can start to generate profits from this kind of activity then you’ll start to see the flywheel spin more rapidly and we’ll make more progress, because I really do think we want to live in a civilization where millions of people are living and working in space."
Google

Congressman Warns FTC: Leave Google Alone 303

concealment writes with this selection from Ars Technica: "A Democratic congressman who played a leading role in the fight against the Stop Online Piracy Act earlier this year has taken up a new cause: shielding Google from antitrust scrutiny. In a strongly worded letter to Federal Trade Commission chairman Jon Leibowitz, Rep. Jared Polis (D-CO) praised Google's contribution to the nation's economy. He warned Leibowitz that if the FTC does choose to initiate an antitrust case against Google, Congress might react by curtailing its regulatory authority."
EU

EU Authorities To Demand Reversal of Google Privacy Policy 177

judgecorp writes "Google's privacy mechanism, which combines personal data from around 60 products, and gives users only one opportunity to opt out, was rolled out in March against requests from privacy regulators in Europe. Now they want the policy reversed, and user data from the different Google products, including Gmail, Search and YouTube, to be separated. The EU attack is lead by French regulator CNIL, which has historically taken a tough line on privacy matters."
Electronic Frontier Foundation

Post-ACTA Agreement CETA Moving Forward With Similar Provisions 136

rrohbeck writes "From eff.org: 'The shadow of the Anti-Counterfeiting Trade Agreement (ACTA) is back in Europe. It is disguised as CETA, the Canada-European Union and Trade Agreement. A comparison of the leaked draft Canada-EU agreement shows the treaty includes a number of the same controversial provisions, specifically concerning criminal enforcement, private enforcement by Internet Service Providers (ISPs), and harsh damages.'"
Space

The Tech Behind Felix Baumgartner's Stratospheric Skydive 109

MrSeb writes "Felix Baumgartner has successfully completed his stratospheric skydive from 128,000 feet (39km), breaking a record that was set 52 years ago by Air Force Captain Joe Kittinger — that much we know. From the balloon, to the capsule, to the gear that Baumgartner wore during his 730 mph (1174 kph) free fall, the technology behind the scenes is impressive, and in some cases bleeding edge. ExtremeTech takes a deep dive into the tech that kept Baumgartner alive during the three-hour ascent and (much shorter) descent — and the tech that allowed us to watch every moment of the Red Bull Stratos mission live, as captured by no less than 15 digital cameras and numerous other scientific instruments."
Businesses

The Three Pillars of Nokia Strategy Have All Failed 409

An anonymous reader writes "'When all 3 legs of your 3-legged strategy fail, what do you do? You rush — run run run — to change your total strategy. But what would a madman do?' Ex-Nokia exec Tommi Ahonen's new article has a few suggestions. Is the Nokia board either asleep at the wheel, or incompetent, or in collusion with the incompetent CEO? Ahonen provides an insider's view not just of how Nokia's Windows phone strategy has failed, but how this has spread to other parts of the company's technology. He says the 'Elop Effect' has 'single-handedly destroyed [...] Europe's biggest tech giant.' He raises the question: Why is Nokia's board failing to act? We've discussed Tommi's articles before, where he was correctly predicting Windows Phone's market failure at a point where others were claiming that 'the Lumia line is, in fact, selling quite nicely.'"
The Internet

ICANN To Replace 'Digital Archery' Program With Raffle 84

itwbennett writes "As Slashdot readers will recall, ICANN has been struggling to find a way to decide which applications to evaluate first. At the end of June, ICANN announced it had abandoned plans to use the Digital Archery contest. Then at the end of July, ICANN said it would process all applications simultaneously. Now there's a new plan in the works: an old-fashioned, manual raffle with tickets costing $100. There's just one catch, though: California law prohibits unlicensed lotteries."
Intel

The Story of Nokia MeeGo 125

An anonymous reader writes "TaskuMuro, a Finnish tech news site, has anonymously interviewed various Nokia employees and pieced together an interesting timeline of the events which led to the abandonment of the Nokia MeeGo platform and to Nokia's current affiliation with Microsoft and Windows Phone. It appears the MeeGo project was rather disorganized from the get-go and fell victim to the company's internal tug-of-war, aimless management causing several UI redesigns and a none-too-wise reliance on Intel components which lacked some key features – namely, LTE support."
Cloud

S. Carolina Supreme Court: Leaving Email In the Cloud Isn't Electronic Storage 112

New submitter Ibhuk writes "I leave my email stored online, as do many modern email users, particularly for services like Gmail with its ever-expanding storage limit. I don't bother downloading every email I receive. According to the South Carolina Supreme Court, this doesn't qualify as electronic storage. This means most email users are not protected by the Stored Communications Act. All your emails are fair game, so be careful what you write. From the article: 'This new decision creates a split with existing case law (Theofel v. Farey-Jones) as decided in a 2004 case decided by the Ninth Circuit Court of Appeals. That decision found that an e-mail message that was received, read, and left on a server (rather than being deleted) did constitute storage "for purposes of backup protection," and therefore was also defined as being kept in "electronic storage." Legal scholars point to this judicial split as yet another reason why the Supreme Court (and/or Congress) should take up the issue of the Stored Communications Act.'"
Google

Court Rules Book Scanning Is Fair Use, Suggesting Google Books Victory 54

concealment writes "A judge has ruled that the libraries who have provided Google with their books to scan are protected by copyright's fair use doctrine. While the decision doesn't guarantee that Google will win—that's still to be decided in a separate lawsuit—the reasoning of this week's decision bodes well for Google's case. Most of the books Google scans for its book program come from libraries. After Google scans each book, it provides a digital image and a text version of the book to the library that owns the original. The libraries then contribute the digital files to a repository called the Hathitrust Digital Library, which uses them for three purposes: preservation, a full-text search engine, and electronic access for disabled patrons who cannot read the print copies of the books."
Android

Microsoft Sues Motorola Over Mapping Patents 57

jfruh writes "The mobile patent wars continue, with two of the world's biggest tech companies about to blunder into direct conflict. Microsoft holds a number of patents that it claims give it rights over mobile map applications that overlay data from multiple databases (map info from one database and store location info from another, for instance). Many Android vendors already pay Redmond licensing fees for their mapping apps; now Redmond is going to court in Germany to sue one of the holdouts: Motorola Mobility, which is of course owned by Google."
Facebook

Why Do So Many Liberals "Like" Mitt Romney On Facebook? 376

pigrabbitbear writes "Mother Jones reports that, 'In recent weeks, a host of liberal types have complained that their Facebook accounts have erroneously "liked" Romney's page, and some are floating the theory that the Romney campaign has deployed a virus or used other nefarious means to inflate the candidate's online stature. This conspiratorial notion has spawned a Facebook community forum, and its own page: "Hacked By Mitt Romney" (cute url: facebook.com/MittYouDidntBuildThat)' So what's going on? Is the Romney campaign engaging in some tech wizardry to hijack Americans' Facebook pages? Seems unlikely, but Romney did somehow manage to acquire millions of fake Twitter followers. But it looks like the Romney campaign isn't behind this one — Facebook and its mobile app is."
Cellphones

Google Wades Further Into Hardware With "Nexus Call Center" 58

An anonymous reader writes with this bit from geek.com: "One of the big complaints surrounding the Nexus 7 launch was the lack of customer support when dealing with the device. Google was not initially prepared to handle the volume of users that required support, which led to an increase in wait time for callers who needed solutions. However, we've recently received word from a source that now Google is using a third party company to staff a call center for the release of the next Nexus devices." Maybe Google needs to out itself as a "devices and services company," too.
Patents

Tech Firms and Regulators Meet At UN About Patents 65

another random user writes "Apple, Google, Microsoft, Nokia, Samsung and others tech firms met with regulators and patent officials in Geneva to discuss changes to intellectual property laws. The event follows a flurry of lawsuits involving smartphone makers. It is set to focus on how to ensure license rights to critical technologies are offered on 'reasonable' terms. Companies are split over whether they should be allowed to ban rivals' devices if they do not agree a fee. The talks have been organized by the International Telecommunication Union (ITU), the UN agency responsible for ensuring phone-makers agree standards so that their devices can interact with each other."
Chrome

In Under 10 Hours, Google Patches Chrome To Plug Hole Found At Its Pwnium Event 113

An anonymous reader writes "Last night, Google held its Pwnium 2 competition at Hack in the Box 2012, offering up a total of $2 million for security holes found in Chrome. Only one was discovered; a young hacker who goes by the alias 'Pinkie Pie' netted the highest reward level: a $60,000 cash prize and a free Chromebook (the second time he pulled it off). Google today patched the flaw and announced a new version of Chrome for Windows, Mac, and Linux."

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