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.
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Bill Gates says the ideas that come from Silicon Valley's silly companies are "going to be really important"
Microsoft Founder Bill Gates thinks that innovation drives progress and doesn't mind the silly endeavors that some companies in Silicon Valley are engaged in because it is from them that important ideas emerge.
Developers launch cryptocurrency Potcoin for marijuana transactions
Three developers whose real identities are not yet revealed have created and launched Potcoin, a cryptocurrency that can be used by the marijuana community to conduct transactions with dispensaries.
San Francisco jury piles more fraud charges on Motionloft founder
After being arrested last month for fraud charges, Motionloft founder Jonathan Mills was indicted by a San Francisco grand jury for wire fraud and money laundering and is facing 30 years in jail.
Apple clause will prevent Dong Ngyuen from bringing back Flappy Bird name on iOS
Flappy Bird creator Dong Nguyen told Rolling Stone he is thinking of bringing back the game but that won't be easy because of a clause in Apple's developer agreement, VentureBeat reported.
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Ireland saw a 6% increase in its venture capital activity with the help of private investors who poured in £237 million (€284 million) in investments in 2013.
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.
Local private equity firm Fireman Capital Partners (FCP) picked up a majority stake in a Dunkin' Donuts franchise group in Florida for an undisclosed sum.
Maruti Suzuki India Ltd said it will be asking its minority stakeholders to approve the plan of parent firm Suzuki Motor to build a car plant in Gujarat, Bloomberg reported.
During the inauguration of the Keemanshoop Old Mutual Retail Centre yesterday, Namibia President Hifikepunye Pohamba called on foreign firms to invest in the country's infrastructure development to help the improve its economy.
China-based e-commerce firm Alibaba Group plans to hold a US listing in the third quarter of this year, according to a sources interviewed by Reuters.
A report from Chetan Sharma Consulting said the US will exceed the $100 billion mark in mobile data revenue this year to be followed by China and Japan, VentureBeat reported.
A 12-square-meter shop located at the center of Causeway Bay in Hong Kong sold for over $23 million (A$25.56 million), surpassing the previous record of the most expensive retail store sold.
Helsinki, Finland-based smartphone giant Nokia now made the Nokia Refocus app available to all Lumia smartphones to allow users to take refocusable photos using their phones.
