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ECommerce

How the IRS Could Cripple Cryptocurrency

(REASON.COM) – Cryptocurrency startup Coinbase has been scrupulously compliant with government demands, until the IRS asked for millions of innocent customers’ records. By Andrea O’Sullivan Should the Internal Revenue Service

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Fraugster, a Startup That Uses AI to Detect Payment Fraud, Raises $5M

(TECH CRUNCH) – Fraugster, a German and Israeli startup that has developed Artificial Intelligence (AI) technology to help eliminate payment fraud, has raised $5 million in funding.  By Steve O’Hear Earlybird

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U.S. to Auction $1.6 Million of Bitcoin from Various Cases

By Nate Raymond NEW YORK (Reuters) – The U.S. government said on Monday it plans to auction over 2,700 bitcoins that were forfeited during several cases, several of which stemmed

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Australia Sets Up Specialist Cyber Unit to Trace Terrorism Payments

SYDNEY (Reuters) – Australia has set up a cyber-intelligence unit to identify terrorism financing, money laundering and financial fraud online, the government said on Tuesday, because of “unprecedented” threats to

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India’s Flipkart Buys Rocket Internet-Backed Online Fashion Store for $70 Million

MUMBAI (Reuters) – India’s biggest e-commerce firm Flipkart is buying domestic online fashion retailer Jabong from Global Fashion Group for $70 million in cash, the latest consolidation move in the

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Britain’s Sainsbury’s Trials Similar Concept to Amazon’s Prime Now

LONDON (Reuters) – Sainsbury’s, Britain’s second largest supermarket group, is trialing a one hour home delivery service that is similar in concept to Amazon’s ‘Prime Now’, it said on Friday.

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Chiller in Manila: Filipinos Fume as Snail-Pace Internet Leaves Business on Ice

By Karen Lema and Neil Jerome Morales MANILA (Reuters) – Patrolling downtown Manila in his new Toyota, Uber driver Daniel Canezal is grumpy. It’s not from the heat, grime or

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Chinese $1.2 Billion Takeover of Norway’s Opera Fails, but Alternative Deal Set

OSLO (Reuters) – A $1.24 billion agreed takeover of Norwegian online browser and advertising company Opera Software by a Chinese consortium of internet firms has failed, Opera said on Monday,

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Jack Ma Says Lawsuits, Probes Help Alibaba to be Understood

By Engen Tham HANGZHOU, CHINA (Reuters) – Lawsuits and investigations are an opportunity for Alibaba Group Holding Ltd to be better understood, founder and executive chairman Jack Ma said in

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Bitcoin ‘Miners’ Face Fight for Survival as New Supply Halves

By Jemima Kelly KEFLAVIK, Iceland (Reuters) – Marco Streng is a miner, though he does not carry a pick around his base in south-western Iceland. Instead, he keeps tens of

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