Techmeme: Bitcoin Derivatives Sprout as Regulators Play Catch-Up (Bloomberg)

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March 3, 2014, 6:55 AM

Top News

Kara Swisher / Re/code:

Exclusive: Top Execs Bates and Reller to Depart, as Musical Chairs Begins at Microsoft — Two direct reports to new Microsoft CEO Satya Nadella — EVP of business development and evangelism Tony Bates and EVP of marketing Tami Reller — are leaving the company, according to numerous sources close to the situation.

More: Bloomberg, The Register, TechEye, Softpedia News, Reuters, Forbes, GeekWire, TechCrunch, The Verge, CNET, WinBeta, Business Insider, Gigaom, VentureBeat, LiveSide.net and Pocket-lint

Tweets: @tomwarren, @spencerchen, @monkbent, @monkbent and @caseynewton

Adam Lashinsky / Fortune:

New Microsoft chairman John Thompson: as Windows monopoly fades, culture change is needed — Microsoft culture must change, chairman says — Fortune speaks with John Thompson, the newly appointed chairman of Microsoft's board, about the company's recent turmoil.

More: eWeek and The Register. Tweets: @karaswisher and @theromit

Stuart Dredge / Guardian:

Apple CarPlay in-car initiative debuts with Ferrari, Mercedes-Benz and Volvo — iOS in the Car rebranded with Siri, Maps and third-party music apps all included — Apple has a number of automotive partners for CarPlay. — Apple has rebranded its iOS in the Car initiative as CarPlay …

More: Apple, Wall Street Journal, The Verge, TechCrunch, Inquirer, NEWS.com.au, Gizmodo, iMore, MacRumors, BetaNews, Re/code, VentureBeat, CNET, Gigaom, AppleInsider, Engadget, The Next Web, ZDNet, 9to5Mac, Softpedia News, Pocketnow, TIME, Cult of Mac, iDownloadBlog.com …, SlashGear, Ubergizmo, CNBC and Electronista. Tweets: @tim_stevens

Danny Sullivan / Marketing Land:

Ellen Was On Stage At Oscars With Samsung, Backstage With iPhone — Samsung's a big sponsor of the Oscars, to the degree that it even had this year's host Ellen DeGeneres doing a record-breaking star-studded selfie with a Galaxy phone. But behind the scenes, there's an iPhone being used.

More: AdAge, Slate, Gizmodo, Gotta Be Mobile and CNET

Tweets: @markgurman, @nickbilton, @dannysullivan, @willoremus and @laurenkgray

Devindra Hardawar / VentureBeat:

Ellen's Oscars selfie now the most retweeted post ever — a huge win for Samsung — Sorry, President Obama — the Internet likes Ellen a lot more. — During the Samsung-sponsored Academy Awards tonight, host Ellen Degeneres wrangled celebrities from the audience to tweet an awkward selfie …

Steve O'Hear / TechCrunch:

Inside w00w00: hacking group formed in 1996 counted Jan Koum, Shawn Fanning, and Sean Parker as members — Inside The Billion-Dollar Hacker Club — For this group of old friends, assembled for an impromptu reunion, the venue would feel familiar: an online chat room running on a secure private server.

Tweets: @mattocko

Sean Gallagher / Ars Technica:

MtGox sets up call center in Japan for queries from worried Bitcoiners — Bitcoin investors left hanging by the sudden shuttering of the MtGox electronic market will soon have a way to learn more about the fate of their cryptocurrency holdings—a Japanese phone hotline.

More: Tech in Asia, The Next Web, CNET, CoinDesk, Techie News, SlashGear and VentureBeat

Jake Adelstein / The Daily Beast:

Former employee says incompetent management and faulty accounting led to collapse of Mt. Gox

More: ZDNet, SiliconANGLE, TechCrunch and Reuters

Tweets: @mfilipov and @bendavenport

Marcus Wohlsen / Wired:

With its Gigafactory, Tesla could lower lithium-ion battery costs and become an Apple supplier — Why Apple Could Win Big With Tesla's Giant New Battery Factory — The first Tesla I ever saw was stripped down to the chassis, a bare-metal incarnation of the company's flagship electric Roadster …

More: Tesla Motors, Monday Note, 9to5Mac, ZDNet and TechCrunch. Tweets: @sean_a_rose

Bloomberg:

Bitcoin Derivatives Sprout as Regulators Play Catch-Up — The bankruptcy of a major Bitcoin exchange in Japan not only focused attention on the digital currency's risks, it also rattled a still-newer market that regulators are just starting to monitor: Bitcoin derivatives.

More: Wall Street Journal, Reuters and Bloomberg

Pete Rizzo / CoinDesk:

UK to Eliminate 20% Tax on Bitcoin Trading — The UK's tax agency is set to reverse an earlier ruling that classified virtual currencies as gift vouchers, exempting digital currency trading from a 20% value added tax (VAT). — Expected to be formally announced this week …

More: Financial Times, TechCrunch and The Next Web. Tweets: @adenosin82

Paul Sawers / The Next Web:

The rise of OpenStreetMap: A quest to conquer Google's mapping empire … This definition of omnipresent sums up many facets of society. Fast food chains? Everywhere. Reality TV shows? You know the answer. And what about Google? Yup, right again.

Kyle Orland / Ars Technica:

Pending shutdown for Wii and DS servers highlights need for more player control — Pending shutdown for Wii and DS servers highlights need for more player control. — Nintendo fans, mark your calendars for May 20, 2014. As Nintendo announced yesterday, that's the last day you'll be able …

Tweets: @jayadelson and @kyleorl

Casey Johnston / Ars Technica:

How movies and TV give life to the mundane text message — House of Cards gets in a scene within a scene using text messaging. … In the last decade, movies and television have sprouted a new plot weakness: if tension hinged in any way on a situation that could have been solved …

Tweets: @palafo

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