Microsoft Corp. has booked $26.5 billion in revenue for its second quarter with sales increasing in its Surface and Mobile divisions, while XBox One sales declined. Operating income was reported at $7.8 billion/ $0.71 per share, in line with market expectations. The real surprise in the figures was an increase in Surface sales, a product that ...

P2P money transfer startup TransferWise Ltd has raised $58 million Series C in a round led by Andreessen Horowitz that included previous investors Sir Richard Branson, Valar Ventures, Index Ventures, IA Ventures, and Seedcamp. Founded in 2011 by two former Skype employees Taavet Hinrikus and Kristo Kaarmann, the company was “born of frustration” with the costs of ...

Bitcoin trader Burton Wagner is facing five years in jail after being arrested in Colorado for the operation of an unlicensed money transmitting business. In a filing to the United States District Court, the Federal Government claims that Wagner “did knowingly conduct, control, manage, supervise, direct, or own all or part of an unlicensed money transmitting ...

Malaysian Airlines has come to the attention of the infamous Lizard Squad with their site being hacked today to show the message “404 Plane Not Found.” The message is related to the unresolved mystery of flight MH17, a Kuala Lumpur to Beijing flight that is believed to have disappeared off the coast of Western Australia ...

Mt Gox has become the ongoing meme for any negative story in the Bitcoin space. It is, and remains to date the largest loss by any Bitcoin exchange, but unlike what we are about to describe to you, it was anything other than elaborate: it was either a case of hacking or insider theft. The ...

Snapchat Inc. is entering the publishing space after hiring an unspecified number of journalists to create original content. The chat app is to direct the content to its new Discover feature at the end of the month. As part of the new feature it will start publishing media that it created itself, as well as content ...

Former Anonymous spokesman Barrett Brown was sentence to 63 months in prison Thursday after he pleaded guilty to charges of transmitting threats, accessory to hacking, and interfering with the execution of a search warrant. Barrett’s crimes relate to the hacking of global intelligence firm Strategic Forecasting, Inc. (Stratfor) in 2011, although notably he isn’t accused ...

Google is reported to be entering the cell provider space with a deal that will establish the tech giant as a mobile virtual network operator (MVNO.) The Information claims that the new service will be called “Nova”, will operate on both Sprint and T-Mobile’s networks, and that the project is led by longtime Google executive Nick Fox. ...

Blackberry Ltd. CEO John Chen has today called on Congress to implement “Application Neutrality,” a proposal that would legally force app makers to provide a version of their apps that would work on Blackberry devices. A perhaps mentally unhinged Chen argues that the current system where in all apps don’t work on Blackberry is similar to ...

Charlie Shrem associate Robert Faiell has been given a 4 year sentence for his involvement in the Silk Road money laundering case. Faiella, known as “BTCKing,” told U.S. District Judge Jed Rakoff today that he exchanged the digital currency for use in online drug deals to support his family after he became disabled by back troubles. “At ...