Former social network turned social music sharing service MySpace appears to be Lazarus rising in 2015 with news that traffic to the site is booming. According to the Wall Street Journal Myspace traffic hit 50.6 million unique viewers in November 2014,  up 575 percent from the same month in 2013. Tim Vanderhook, chief executive of ...

Chinese taxi-hailing app KuaiDi Dache (Travice Inc.) has raised $600 million Series D in a round that included Asian tech giants SoftBank Internet and Media Inc., and Alibaba Group Holding Ltd. Launched in 2012, KuaiDi Dache is among the most popular taxi-hailing apps in China, and like its main competitor Didi Dache Co. Ltd. focuses on regulated, licensed cabs, ...

Google Inc. is reported to be in talks with a range of major car manufacturers to bring its self-driving car technology to the mainstream by 2020. Automakers in talks with Google include General Motors Co, Ford Motor Co, Toyota Motor Corp, Daimler AG and Volkswagen AG. “We’d be remiss not to talk to … the biggest auto ...

Bitcoin mining company CoinTerra Inc. is in a spot of bother today with news that it is being sued by a Utah data center operator for breach of contract and failure to pay $1.4 million for services. Bluffdale, Utah-based C7 Data Centers Inc. alleges that CoinTerra acted in bad faith by intentionally underpaying for services, ...

Russian telecommunications regulator Roskomnadzor blocked access to at least seven Bitcoin related websites Tuesday on the grounds that the currency “contributes to the growth of the shadow economy.” ITAR Tass reported that Roskomnadzor claims the implementation of the ban follows a court order dating from September 2014, which read: Introduction in Russia of other monetary units ...

Online goods marketplace Etsy Inc. is looking to raise $300 million in a first quarter IPO, according to a report from Bloomberg. Founded in 2005, the company focuses on handmade and vintage items, as well as art and craft supplies. Items available on the Etsy site include art, photography, clothing, jewelry, edibles, quilts, and toys. ...

Ross Ulbricht went on trial Tuesday before a Manhattan Court on multiple charges stemming from his creation and administration of notorious darknet marketplace Silk Road. Ulbricht is facing charges of conspiring to commit narcotics trafficking, conspiring to commit computer hacking and conspiring to commit money laundering. The defense opened with attorney Joshua Dratel admitting upfront that Ulbricht ...

Google has launched Google Domains in beta to the United States market, a domain registration and site building platform it has been privately testing since June 2014. The service, like those provided by the likes of GoDaddy Group Inc. and Namecheap Inc., offers domain registration services across a number of TLD (top level domain) extensions, from ...

Bitcoin storage provider Elliptic Enterprises Ltd. has achieved a Bitcoin industry first in obtaining ISAE3402 accreditation from a “big four” accounting firm for financial reporting at a standard applied to banks. The London, England-based company provides services to investment funds and trading houses, covering Bitcoin and other cryptocurrency storage solutions. ISAE 3402 accreditation: Assurance Reports on Controls at ...

Restaurant review company Zomato Media Ptv Ltd has acquired Urbanspoon from IAC/InterActive Corp. The price of the acquisition has not be disclosed, but is believed to be around the $60 million mark according to Geekwire, who broke the story. Urbanspoon offers restaurant search, reviews and ratings and has a strong presence in the United States, Canada, U.K., ...