Tech 2.0 for Monday,March 10, 2014
The Mt. Gox bitcoin exchange that recently collapsed in Japan has filed for U.S. bankruptcy protection to shield itself from a lawsuit seeking to repay thousands of people whose digital currency is now missing. The U.S. filing made in Dallas late Sunday supplements a bankruptcy petition that Mt. Gox submitted in Japan at the end of last month. Mt. Gox was once the world's largest exchange specializing in bitcoins, but now finds itself in a financial mess after losing about 850,000 bitcoins valued at $473 million, according to court documents. Although it's based in Tokyo, Mt. Gox is opening a bankruptcy case in the U.S. in an attempt to delay a recent federal lawsuit filed in Illinois on behalf of all U.S. residents burned by the exchange's abrupt demise.
Sen. Marco Rubio says the government should give cellphone companies more airwaves and allow private companies to build a nationwide pipeline for oil and natural gas. The Florida Republican on Monday also told Google's Washington offices that nixing dozens of taxes and regulations would create "thousands upon thousands of high-paying jobs." Rubio also is pledging to defeat any efforts to limit access to the Internet and to allow private businesses to work with government labs to develop new products. The pro-business message comes as Rubio looks to shift focus away from a stalled bipartisan immigration overhaul he helped to craft. Rubio is a potential presidential contender in 2016.
Here's an online force that's growing: Black Twitter. It's a corner of the social media giant where an unabashedly black spin on life gets served up — 140 characters at a time on the popular micro-blogging site. Black Twitter holds court on pretty much everything from President Barack Obama to the latest TV reality show antics. But it can also turn activist quickly. When it does, things happen. For instance, tweets helped scuttle a book deal for a juror who helped acquit George Zimmerman, the Florida neighborhood watch volunteer accused of racially profiling 17-year-old Trayvon Martin and fatally shooting him. Black Twitter also led to the demise of Zimmerman's attempt to star at celebrity boxing.