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IRS Recognized Bitcoin as Property, Not Cash
The taxman announced that Bitcoin is not a currency. The Internal Revenue Service confirmed that for tax purposes the controversial cryptocurrency and its rivals will be treated as property, not currency.
2 Years Jail Time for UK Cyber-Bullies
Now people convicted of cyber-bullying and abuse will face up to 2 years in jail, according to the new law backed by the government. Indeed, the justice secretary has backed an amendment to the criminal justice bill which would effectively target new rules at combating Internet trolls who sexually harass and verbally abuse people online in England and Wales.
Mega to Be Listed on NZ Stock Exchange
A file-sharing service launched by Kim Dotcom while on bail will be listed on the New Zealand stock exchange valued at $180 million. The MegaUpload founder, also known as Kim Schmitz, is still fighting efforts by US authorities to extradite him to face online piracy charges over MegaUpload.
Microsoft Word Vulnerable to Hack
Microsoft has recently issued a warning of a remote code execution vulnerability used in targeted attacks directed at Microsoft Word 2010. The software giant explained that the vulnerability allows remote code execution when you open a specially created RTF file in an affected version of Microsoft Word, or preview or open an RTF email message in Microsoft Outlook while using Word as the email viewer.
Microsoft is Criticized for Abandoning XP
AV software maker, Avast, has waded into the software giant for pulling the plug on Windows XP. Avast claimed that abandoning the popular OS was a big mistake, especially as Microsoft hasn’t provided an attractive possibility for people to upgrade.
America Put Backdoors in Huawei Gear Itself
It seems that when the United States was complaining that the Chinese tech giant Huawei had security backdoors, it knew it for sure, because it was the one who had put them there. As you may know, Huawei was banned from competing against American companies because the backdoors in question could supposedly allow the Chinese government to spy.
Apple to Discuss Special Treatment with Comcast
Consumer groups didn’t like the news that the tech giant started talks with Comcast over launching a streaming TV service which would give Apple special treatment and bypass congestion on the Internet.
Microsoft Toughened Rules after Corporate Spying Incident
The software giant admitted it had to change its privacy rules after the trouble it faced upon hacking into a customer’s email during a corporate spying case. You might remember the story about an ex-Microsoft employee arrested for leaking trade secrets and software builds to some blogger.
All Tech Giants Can Read User Emails
It appeared that Microsoft is not the only company claiming the right to read users' emails. Other tech giants, including Apple, Yahoo and Google, also reserve that right. After Microsoft’s admission that it has a right to read a user’s Hotmail account during an investigation of an internal leak, major webmail services also claimed the right to read emails if it is necessary to protect their property.
MtGox Found 200,000 Missing Bitcoins
The non-function Bitcoin exchange MtGox has announced it found 200,000 Bitcoins which were considered lost. Apparently, they were sitting in a wallet which the company thought no longer held any money. Nevertheless, following the application for civil rehabilitation (which is a Japanese legal procedure analogous to bankruptcy), those wallets were rescanned and their balance researched, according to the company’s CEO Mark Karpeles, and one of the “empty” wallets was found to hold a balance of 199,999.99 Bitcoins.

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