Paypal Bought 70% of All Newly Mined Bitcoin Last Month as Demand Rockets
Paypal bought up to 70% of all the newly mined bitcoin since the payments giant started offering cryptocurrency services four weeks ago. Now that’s according to estimates by hedge fund manager Pantera Capital, as revealed in its latest monthly blockchain letter. Together with Square’s Cash App, the two companies are buying more than 100% of all newly issued virgin bitcoin (BTC), it says. The letter said demand for Paypal’s crypto...
EFF and GitHub’s Support for YouTube Rippers is Bad News for RIAA Lawsuits
The music industry is convinced. Downloading music from public streaming services, YouTube in particular, is the greatest piracy threat to the industry. The RIAA and several key music labels are doing everything in their power to counter this menace. They’ve sued several YouTube download sites, removed streamripper URLs from search engines, and most recently they targeted the open-source tool youtube-dl as well. The last move was a...
New MPA Subpoena Targets Private BitTorrent Tracker & Locally Significant Pirate Sites
In what appears to be an increasing trend, global anti-piracy coalition Alliance For Creativity and Entertainment regularly heads off to court in the United States to obtain information about pirate site operators. The weapon of choice is the DMCA subpoena, a number of which are targeted at domain registrars and US-based Cloudflare, the CDN company utilized by thousands of pirate sites. In many cases, these subpoenas seek to obtain...
