Garza Fined $12 Million by SEC for GAW Mining and Zenmining Ponzi Schemes
American citizen Homero Joshua Garza has been fined $12 mUSD for running the fraudulent GAW Miners and Zenmining cloud-mining scams. Also read: European Commission Launches Digital Currency and Dark Web Consortium Allegations of fraud emerged against the former CEO of GAW Miners during 2015, as US investors accused Garza of running a Ponzi scheme that generated nearly $20 million. Garza offered investors a share in the profits being...
Japanese Companies Embracing Bitcoin See Stocks Soar with Rising Bitcoin Price
Japanese companies continue to benefit from embracing Bitcoin, following its approval by the government as a form of payment. Small businesses listed on stock exchanges that offer bitcoin-related services are seeing their share prices rise as the price of bitcoin spikes. Also read: Japan’s Near-Zero Savings Rates and Pension Problems Drive Retail Investors to Bitcoin Bitcoin’s Gains Spilling into...
Popular Kodi Add-ons Quit Following Prominent Piracy Lawsuit
On Monday we broke the news that third-party Kodi add-on ZemTV and the TVAddons library were being sued in a federal court in Texas. In a complaint filed by American satellite and broadcast provider Dish Network, both stand accused of copyright infringement, facing up to $150,000 for each offense. The news came as a shock to many add-on developers, most of whom release their software as a hobby, with no financial motive. A potential...
Symantec Patent Protects Torrent Users Against Malware
In recent years we have documented a wide range of patent applications, several of which had a clear anti-piracy angle. Symantec Corporation, known for the popular anti-virus software Norton Security, is taking a more torrent-friendly approach. At least, that’s what a recently obtained patent suggests. The patent describes a system that can be used to identify fake torrents and malware-infected downloads, which are a common...
MPAA Chief Praises Site-Blocking But Italians Love Piracy – and the Quality
After holding a reputation for being soft on piracy for many years, in more recent times Italy has taken a much tougher stance. The country now takes regular action against pirate sites and has a fairly aggressive site-blocking mechanism. On Monday, the industry gathered in Rome and was presented with new data from local anti-piracy outfit FAPAV. The research revealed that while there has been some improvement over the past six years,...
