January 15, 2016, 11:10 AM

Top News

Mike Hearn:
Prominent Bitcoin developer Mike Hearn says the crypto-currency is a failure because of community civil wars, a full block chain, and too much Chinese control  —  The resolution of the Bitcoin experiment  —  I've spent more than 5 years being a Bitcoin developer.
Mike Isaac / New York Times:
Foursquare's COO Jeff Glueck replaces Dennis Crowley as CEO as firm announces USV-led $45M Series E; valuation around half of prior $650M figure say sources  —  Foursquare Raises $45 Million, Cutting Its Valuation Nearly in Half  —  When Dennis Crowley helped found Foursquare in 2009 …
Jon Russell / TechCrunch:
Xiaomi Confirms It Sold “Over 70M” Phones In 2015, Falling Short Of 80M Target  —  China's Xiaomi has finally revealed how many smartphones in sold last year.  Kinda.  The company said in a statement today that it sold “over 70 million” devices in 2015.  That's a 15 percent jump …
Ryan Whitwam / Android Police:
Google Play Store letting developers issue 500 free promo codes per quarter for paid apps and in-app purchases  —  Google Is Finally Rolling Out App Promo Codes In The Play Store  —  For years, many of us have been bemoaning the lack of promo codes for Android apps.
Ryan Petersen / Flexport:
Amazon's China subsidiary receives US approval to arrange ocean freight shipping for other companies  —  Introducing Ocean Freight by Amazon: Ecommerce Giant Has Registered to Provide Ocean Freight Services  —  Flexport has obtained information that Amazon China has registered to operate …
Drew Olanoff / TechCrunch:
iOS game Stolen! that let you virtually “own” Twitter users shuts down after harassment concerns, including letter by US Rep. Katherine Clark to Twitter  —  Buzzy Social App Stolen Shuts Down Amidst “Concerns” From Users  —  Amidst concerns over the gaming mechanics …
Todd Spangler / Variety:
Netflix says it will block proxy and VPN access, used to bypass country restrictions, in the coming weeks citing content-licensing restrictions  —  Netflix Vows to Shut Down Proxy Users Who Bypass Country Restrictions  —  Netflix, which now offers streaming service in some 190 nations …
Paresh Dave / Los Angeles Times: rolls out e-sports section, says its daily coverage will have the same rigor it has for other sports  — to cover e-sports with same ‘rigor’ as it does the big leagues  —  An ESPN The Magazine last year focused on e-sports.  Emboldened by the response, plans to aggressively cover video game competitions.
David Pierson / Los Angeles Times:
Uber fined $7.6M by California Public Utilities Commission for failing to meet data reporting requirements in 2014  —  Uber fined $7.6 million by California utilities commission  —  Uber offices on Market Street in San Francisco.  Uber has agreed to pay a fine to avoid a 30-day suspension …
Chris Ziegler / The Verge:
US Department of Transportation to develop “model” state policy for autonomous cars as Obama pledges $4B toward connected cars as part of 2017 budget  —  The US Department of Transportation is trying to fix self-driving rules before they break  —  US Secretary of Transportation …

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