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Policy

Winklevoss twins on Bitcoin: Time to work with the Feds

SAN JOSE--The Winklevoss twins, who transformed a lucrative Facebook payout into a venture capital fund, say it's now time for bitcoin companies to work with governments rather than against them.

Cameron and Tyler Winklevoss, the twin Harvard graduates famously portrayed in the 2010 film The Social Network, showed up at the Bitcoin 2013 conference to talk up the future of the Internet's favorite alternative currency -- as long as it escapes a government crackdown.

"I don't think anyone wants a fight -- I think everyone here wants to build bitcoin, to work with regulators," Cameron … Read more

Google Glass as congressional catnip: That didn't take long

Let's stipulate for the record that Congress has every right to ask questions of private industry as it works on the nation's behalf. I remember reading something to that effect when I was studying social studies once upon a time.

Then you have this: A public letter sent to Google CEO Larry Page by eight members of Congress inquiring "whether this new technology could infringe on the privacy of the average American."

News flash: Congress has discovered the 21st century.

It's not that the congressional representatives who signed onto to this letter were necessarily naive … Read more

Tim Cook to propose tax overhaul before Congress

In yet another recent example of Apple's increasing role in Washington politics, CEO Tim Cook reportedly plans to propose a "dramatic simplification" of corporate tax laws before Congress next week -- and is taking to the D.C. press to argue his case.

At a hearing on May 21 before the Senate Permanent Subcommittee on Investigation, which CNET learned about last night, Cook says he will present proposals aimed at "encouraging companies to bring back foreign earnings to the United States and invest that money into creating jobs, as well as research and development," according … Read more

Homeland Security cuts off Dwolla bitcoin transfers

The U.S. Department of Homeland Security confirmed it has initiated legal action that prompted the Dwolla payment service to stop processing bitcoin transactions.

Nicole Navas, a representative for U.S. Immigration and Customs Enforcement, confirmed the legal action to CNET this afternoon.

Dwolla, a Des Moines, Iowa-based startup, which raised $16.5 million in funding two weeks ago, notified users about the move earlier Tuesday. It blamed the decision on "recent court orders" limiting its ability to send money through Mt. Gox, the largest bitcoin exchange.

"In order not to compromise this ongoing investigation being conducted … Read more

Boston judge limits access to Aaron Swartz court records

A federal judge has rejected attempts by the estate of the late Aaron Swartz to disclose confidential court documents that could have revealed key details about MIT's role in his prosecution.

U.S. District Judge Nathaniel Gorton in Boston ruled today that the possibility of violence aimed at MIT officials -- some have reportedly received threats, and the campus was locked down in February after a gunman hoax -- outweighed the public's right to access court records that would have identified which professors, university attorneys, or staff members were involved.

"The estate's interest in disclosing the … Read more

Bloomberg: Yes, reporters had access to client data

Reporters at Bloomberg had the ability to view the log-in history and certain other account details of the company's clients.

In a mea culpa posted today, Bloomberg News editor in chief Matthew Winkler fessed up to the practice, revealing that reporters had access to Bloomberg terminals through which they could see a user's log-in history and find out when the account was created.

The terminals are computer systems used by both Bloomberg and its subscribers to access the latest financial news and stock quotes and to exchange messages over the firm's secure network.

Reporters also could see &… Read more

Eco-minded exec Musk leaves Zuckerberg's political group

Elon Musk, CEO of electric-car company Tesla Motors, has left a fledgling political action group founded by Facebook chief Mark Zuckerberg, after the group bankrolled ads that angered environmentalists and others.

Musk and former PayPal colleague David Sacks -- founder of Yammer, which helps companies set up in-house social networks -- left FWD.us on Friday, according to various reports.

The launch of FWD.us last month was accompanied by a Zuckerberg-penned opinion piece in the Washington Post that spelled out the group's goals, including: changes to U.S. immigration law, with an eye toward attracting and keeping talented … Read more

Apple deluged by police demands to decrypt iPhones

Apple receives so many police demands to decrypt seized iPhones that it has created a "waiting list" to handle the deluge of requests, CNET has learned.

Court documents show that federal agents were so stymied by the encrypted iPhone 4S of a Kentucky man accused of distributing crack cocaine that they turned to Apple for decryption help last year.

An agent at the ATF, the federal Bureau of Alcohol, Tobacco, Firearms and Explosives, "contacted Apple to obtain assistance in unlocking the device," U.S. District Judge Karen Caldwell wrote in a recent opinion. But, she wrote, … Read more

San Francisco hotels pricey? Van on Airbnb is only $92 a night

You can rent a castle on Airbnb and a treehouse. Boats are popular, and there are plenty of farmhouses. So why not a van?

As reported on the SF.StreetsBlog, an enterprising Airbnb user in San Francisco has started advertising a 1990 Chevy Conversion van, offering the vehicle (with just 45,000 miles!) for only $92 a night.

One might think the nightly rate (which is more if you consider the service charge) is a bit much to pay to sleep in a cramped space probably better suited for a Scooby Doo video. But, as everyone knows, real estate is … Read more

DOJ: We don't need warrants for e-mail, Facebook chats

The U.S. Department of Justice and the FBI believe they don't need a search warrant to review Americans' e-mails, Facebook chats, Twitter direct messages, and other private files, internal documents reveal.

Government documents obtained by the American Civil Liberties Union and provided to CNET show a split over electronic privacy rights within the Obama administration, with Justice Department prosecutors and investigators privately insisting they're not legally required to obtain search warrants for e-mail. The IRS, on the other hand, publicly said last month that it would abandon a controversial policy that claimed it could get warrantless access … Read more