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December 28, 2014, 12:50 PM

Top News

Jack Kim / Reuters:

North Korea blames U.S. for Internet outages, calls Obama a ‘monkey’ — (Reuters) - North Korea called U.S. President Barack Obama a “monkey” as it blamed Washington Saturday for Internet outages that it has experienced amid a confrontation with the United States over the hacking of the film studio Sony Pictures.

Arik Hesseldahl / Re/code:

North Korean Internet experienced a 5+ hour outage after its only wireless carrier went down — Internet Crashes in North Korea as 3G Networks Fail — Three days after an apparent denial-of-service attack halted its Internet connections, North Korea suffered another Internet outage …

More: Computerworld, Ars Technica, USA Today, ABC News, CircleID, The Wrap, CNBC, NEWS.com.au, TechCrunch, NBC News, Mashable and CNET. Tweets: @dynresearch

William Turton / The Daily Dot:

Meet Lizard Squad, the group whose DDoS attack crippled Xbox Live and PlayStation Network — Meet Lizard Squad, the hackers who ruined Christmas for gamers worldwide — Vinnie Omari was still a bit drunk when he initiated what could be the biggest distributed denial-of-service attack in history.

More: PlayStation Knowledge Center, Gawker, Kotaku, Business Insider, PlayStation LifeStyle, PC Magazine, Gizmodo, Engadget, The Inquisitr News, Polygon, Forbes, PandoDaily, The Register, bizjournals, The Next Web and The Verge. Tweets: @jaberman

Jeff Grubb / VentureBeat:

PSN is still down for some as Sony gets service back online — Sony says that its online service is back up and running, but many people are still having issues playing games. — Last night, PlayStation Network started booting back up for many people after an outage that lasted for several days kept gamers offline.

More: PlayStation Blog, Forbes, The Verge, Wall Street Journal, Business Insider, Computerworld, PlayStation LifeStyle, The Register, Polygon, VentureBeat and New York Times

Tweets: @askplaystation, @askplaystation and @jeffgerstmann

Adi Robertson / The Verge:

Tor network flooded with new relays by Lizard Squad, group allegedly behind Xbox Live and PSN attacks — Hackers allegedly behind Xbox and PlayStation network shutdown set sights on Tor — The group that allegedly took down Microsoft and Sony's gaming networks now says it's set its sights on a new target.

More: VentureBeat, ZDNet, Gizmodo, PC Magazine, Business Insider, Mashable, Washington Post, The Register, SiliconANGLE, ReadWrite, Gigaom and Business Insider

Tweets: @lizardmafia, @lizardmafia, @kaepora, @kaepora, @torproject, @lizardmafia and @fredericjacobs

Alyson Shontell / Business Insider:

As competition among VCs increases, some founders sell shares in early funding rounds — Investors Are ‘Fighting Like Drunken Sailors’ Over Hot Startups And Letting Founders Get Rich Too Early — Venture Capitalists used to invest in startups so founders could build businesses.

More: Wall Street Journal. Tweets: @ajs, @alex, @abrams and @fazz

Emil Protalinski / VentureBeat:

The Open Bay helps launch 372 ‘copies’ of The Pirate Bay in a week, becomes GitHub's most popular project — isoHunt, the group now best known for launching The Old Pirate Bay, has shared an update a week after debuting The Open Bay. The Pirate Bay, the most popular file sharing website on the planet …

More: TorrentFreak and Hacked. Thanks:@epro

Jeff John Roberts / Gigaom:

Comcast-TWC merger looks less likely amid growing opposition, concern over state of US broadband — As Comcast merger enters final phase, deal may be on thin ice — Credit: André P. Meyer-Vitali/Flickr CC — Credit: André P. Meyer-Vitali/Flickr CC

Kevin C. Tofel / Gigaom:

Windows Phone apps downloaded most on low-cost, low-memory phones — Mobile app developers considering Windows Phone support for their apps, take note: Based on data released by Microsoft on Tuesday, you may want to target low-end devices. Why? Because most of the apps downloaded …

More: Building Apps for Windows, WinBeta, MobileSyrup.com, WinBeta, Windows Phone Central, The Register and WMPoweruser

Wall Street Journal:

Facebook, Twitter, and Google resist Russian regulator's orders to remove information on rally supporting opposition leader Navalny — U.S. Tech Firms Face Showdown With Russian Censors — Facebook, Twitter, Google Wrestle With Kremlin Orders to Erase Content

More: Neowin, Engadget and SiliconBeat

Tweets: @tggrove, @mathewi and @amir

Mark Gilbert / Bloomberg View:

Bitcoin was the worst-performing currency of 2014, dropping more than 56% to under $330 — And 2014's Worst Currency Was...Bitcoin — It's been a bad year for the Russian ruble and a terrible 12 months for the Ukrainian hryvnia. But it's been a catastrophic 2014 for Bitcoin, the virtual currency.

More: sputniknews.com, Times of India, Vox and SiliconANGLE. Tweets: @steve_hanke

Megan Geuss / Ars Technica:

Warrant for raid on Kim Dotcom legal, New Zealand Supreme Court rules — New Zealand's Supreme Court ruled on Tuesday (PDF) that warrants granted by the Court of Aukland in 2012 to search Kim Dotcom were legal. Warrants to search Dotcom compatriots Finn Batato, Mathias Ortmann, and Bram van der Kolk were also upheld.

More: TorrentFreak, New Zealand Herald, Stuff.co.nz and The Register

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