Dozens of popular accounts of WeChat, the social messaging app of Tencent Holdings Ltd, were closed by Chinese authorities, Reuters reported citing Chinese media reports.
Legal & Regulatory
Canadian Bitcoin investors file class action lawsuit against Mt. Gox and Mizuho Bank
A class action lawsuit was lodged in an Ontario Superior Court of Justice against Mt. Gox and Mizuho Bank Ltd by Bitcoin investors from Canada, Reuters reported.
US to give control of Internet's domain-name system to non-government group
The US is planning to surrender control of the system that assigns website addresses to a private group when the contract of the Internet Corporation for Assigned Names and Numbers expires next year, Bloomberg reported.
Macau court finds billionaire Joseph Lau guilty of corruption
Joseph Lau, the Hong Kong billionaire tycoon Chairman and CEO of Chinese Estates Holdings, was sentenced to five years in jail for bribery and money laundering, Reuters reported.
PayPal makes changes to rules related to crowdfunding
In an effort to iron out the differences they have with the crowdfunding community, payments platform PayPal has implemented changes on their crowdfunding policies, VentureBeat reported.
Latest News
South Korean electronics giant Samsung filed a patent on September 2012 for a new method that lets users unlock the screen and activate apps and certain commands using a doodle.
The US Federal Trade Commission has begun an inquiry into the operations of nutrition and weight loss firm Herbalife, an inquiry that has long been asked for by activist investor William Ackman, Reuters reported.
Google gave the Home Office in the UK "super flagger" access to YouTube, allowing them to screen content that they feel are a national security threat, the Financial Times reported.
Tim Berners-Lee, the Father of Web, has called for an online Magna Carta that will safeguard the openness, independence and neutrality of the Internet, TechCrunch reoprted.
New Jersey has joined Arizona and Texas in preventing consumers from buying cars directly from electric car maker Tesla after the New Jersey Motor Vehicle Commission passed a rule on the matter, TechCrunch reported.
China's regulators have already given their assent for the creation of an international trading center in the free trade zone in Shanghai, Reuters reported citing the bourse's Chairman Gui Minjie.
If India's competition regulator finds Google guilty of abusing its dominant position in search in the country, it could face a fine up to $5 billion in penalties, TechCrunch reported.
The Federal Aviation Administration has filed an appeal to the decision of NTSB Adminstrative Law Judge Patrick Geraghty who ruled that the use of commercial drones was legal, TechCrunch reported.
Jesse Litvak, a former Jefferies & Co Managing Director, was convicted of defrauding buyers in a criminal case connected to the US government's Troubled Asset Relief Program, Bloomberg reported.
