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Bitcoin exchange CEO arrested for Silk Road money laundering

Bitcoin exchange CEO arrested for Silk Road money laundering

The CEO of a prominent Bitcoin exchange has been arrested in the US over allegations that he laundered over $1m-worth of the virtual currency through the notorious Silk Road black market. BitInstant chief exec Charlie Shrem is one of two men accused of selling Bitcoin to shoppers at the clandestine store, which were used to purchase drugs and other often illegal items.

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London’s Victoria Line suspended following cement flooding in signal room

London’s Victoria Line suspended following cement flooding in signal room

In what is both an unfortunate and odd incident, London's Victoria Line has been shut down following a flooding of what is being called a fast-setting concrete in the signal room. As a result of the concrete wash, signals in the line's southern section have stopped working, and the line will remain suspended between Warren Street and Brixton for, at the least, the remainder of today.

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Bill Gates: Innovation to nearly eradicate poor countries by 2035

Bill Gates: Innovation to nearly eradicate poor countries by 2035

Technology comes in many varieties, and though the left arm may be doing something vastly different than the right arm, both intersect at the same point -- the human element, where for better or worse technological innovations alter our lives. Many innovations have both taken place and grown in the tech industry's recent past that promise to shape our future, from 3D-printed eye cells as a potential cure for blindness to virtual reality and artificial intelligence. In part because of these innovations, the poverty in present-day poor countries will more or less be eradicated by the year 2035, says Bill Gates.

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Rosetta spacecraft confirms awakening ahead of comet-landing mission

Rosetta spacecraft confirms awakening ahead of comet-landing mission

On Friday, it was revealed the comet-destined Rosetta spacecraft would awaken from its long hibernation in preparation for a mission that has been ten years in the making, with confirmation of its successful arousal set for today. In what ended up being a nail-biting occasion for the folks awaiting the spacecraft's alter, it has been announced that a blip appeared on the European Space Agency's operations center's displays, confirming the success.

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BlackBerry bins “Global Creative Director” Alicia Keys

BlackBerry bins “Global Creative Director” Alicia Keys

BlackBerry is splitting with "Global Creative Director" Alicia Keys, with news of the break-up just short of a year after the singer was hired to promote BlackBerry 10. The celebrity figurehead will be decapitated as of January 30th, CBC reports, with no reason given as yet for the Canadian company's decision. Still, with BlackBerry shifting its focus to enterprise and software, it's possible that whatever Keys' consumer market appeal might be is no longer perceived as valuable enough to keep paying her.

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Apple’s Tim Cook demands bigger stock risk (and costs himself $4m)

Apple’s Tim Cook demands bigger stock risk (and costs himself $4m)

Apple CEO Tim Cook has pressured the company board on pay, though not the way you might imagine: the chief exec has demanded his salary be more closely linked to Apple's stock price, as a result tumbling by $4m since the company failed to meet its targets. The Apple board had intended to base less than half of Cook's annual stock grants on the CEO performance-based metric it decided to shift to earlier this year. However, according to a preliminary filing with the SEC, Cook himself pushed for a greater chunk of his renumeration to be at risk, arguing that it would "set a leadership example."

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UPS and FedEx under fire as retailers crow holiday sales success

UPS and FedEx under fire as retailers crow holiday sales success

UPS and FedEx are under fire for over-promising and quite literally under-delivering this holiday season, as retailers like Amazon are forced to apologize and offer compensation while simultaneously announcing record sales. An unexpected surge in last-minute online orders left shipping companies struggling - and in many cases failing - to keep up, with UPS conceding that it hadn't forecast what some analysts are saying was a 37-percent jump in shopping last weekend; that, combined with final order deadlines that business-hungry retailers had pushed back, meant that many orders initially promised for pre-Christmas delivery now won't make it until the end of the week.

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ARM server pioneer Calxeda pulls plug

ARM server pioneer Calxeda pulls plug

ARM server startup and Intel threat Calxeda has unexpectedly shut down, after running out of cash before it could convince the enterprise that lots of smaller chips made better sense. The company had intended to steal server marketshare from under Intel's nose by piecing together hundreds of ARM-based chips in a single system, rather than following the more traditional route of a few, high-power x86 processors. However, the financing ran down before Calxeda could meet its roadmap.

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Former Microsoft exec charged with insider trading

Former Microsoft exec charged with insider trading

A former Microsoft senior manager has been charged with insider trading by the U.S. Securities and Exchange Commission, passing confidential financial results information to a partner who then traded on the stock exchange and shared the ill-gotten gains. Brian Jorgenson, who worked in Microsoft's corporate finance and investments division, and friend Sean T. Stokke made $393,125 in total through the scheme, the SEC says; meanwhile, a parallel criminal action by the U.S. Attorney's Office for the Western District of Washington has also been announced.

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