Avoiding tax on Bitcoin? Think again, friend

Bitcoin has been getting plenty of coverage, ourselves included, but for those of you who don’t know, it’s essentially a decentralised virtual currency. Many people are under the illusion that because of this fact, it doesn’t accrue tax, but I’m sure the IRS would beg to differ.

The Government Accountability Office (GAO) released a report (PDF) which gives a clear example:

  • Bill is a Bitcoin miner....
  • By Ryan Daws, 19 June 2013, 0 comments. Categories: Billing, Consumers, Government, Industry, Networks, Research, Security.

    World War Web: Preparing for Cyberwarfare

    A question I’ve asked myself many times is: if a third World War were to occur today; just how different would it be?

    With everything internet-connected as part of the “Internet of Things”, are we leaving ourselves open, and what prevention measures are in place?

     

    The main issue these days is we expect our information to be easily available; but with a rise of decentralised and increasingly powerful hacktivist groups, alongside the usual...

    Looking to hide online? PRISM-break shows you how

    First off – if you’ve done anything illegal, go to the authorities now.

    For the rest of us, read onwards if you’re simply looking to stay safe online away from prying eyes; whether from hackers, crackers, or invasive privacy measures such as that pyramid-like named legislation you may have heard about.

    It’s from these latest concerns which website PRISM-break.org is born, showing the best – generally open source – alternatives to all the most popular...

    By Ryan Daws, 14 June 2013, 1 comment. Categories: Big Data, Consumers, Europe, Industry, Mobile, N America, Security, Smartphones.

    “Provide clarification on PRISM”, says EU commissioner

    The past week I’ve written two articles regarding the US Government; allegations of spying using PRISM, and calls by involved companies for more transparency as a result.

    The Director of National Intelligence claims PRISM is solely for data-collection of non-US citizens; naturally, the EU’s commissioner for justice and fundamental rights, Viviane Reding, wants some clarification.

    In a...

    By Ryan Daws, 13 June 2013, 0 comments. Categories: Big Data, Consumers, Europe, Government, Industry, N America, Networks, Operators, Security.

    Facebook, Twitter join Google’s call for surveillance transparency

    The US Government has been under heavy-fire recently over leaked documents such as PRISM; showing the extent of potentially unwarranted surveillance operations. Companies including Google, Facebook, and Twitter were all pulled into question; now they’re calling for transparency...

    At first glance many would think “convenient timing” but, in fairness to those involved, many have taken steps previously for their relevant company to be totally open...

    By Ryan Daws, 12 June 2013, 0 comments. Categories: Big Data, Consumers, Google, Government, Industry, Security.

    PRISM: The dark side of the US government?

    The internet is in uproar over the US government monitoring citizens and international users through a “direct access” backdoor to the biggest companies, using a program codenamed PRISM.

    Born out of the “Protect America Act” approved by Congress in 2007, the legislation allows warrantless interception of foreign-to-foreign communications. Created with the aim to protect from foreign threats; not monitor citizens.

    Supposedly the system has instantaneous access to companies including...

    By Ryan Daws, 07 June 2013, 0 comments. Categories: Consumers, Government, Industry, N America, Networks, Operators, Security.

    Chinese hackers breach Google to reveal US spy data

    Chinese hackers gained access to “years worth of US law enforcement and spy data” in a breach of Google’s servers back in 2010, according to a report.

    Official response from Google at the time said the hackers were after “human rights activist information”, where in fact US officials actually say they were after a sensitive database.

    At the time a dispute was raised between Google and the FBI stemming from distrust for making no reference to the possible hacked database.

    It now...

    By Ryan Daws, 21 May 2013, 0 comments. Categories: China, Google, Security.

    Emerging Threats combats millions of new malware a week

    There are 250,000 plus new pieces of malware being produced each day equating to one piece per person in the US in just over three and a half years. The question is, what do you do with this onslaught of algorithms which are written with malicious intent in mind? One company, Emerging Threats thinks they can help with part of the equation… Identification of the sites which are compromised.

    I recently met with the company at Interop in Las Vegas to learn about their IP and domain...

    By Rich Tehrani, 21 May 2013, 0 comments. Categories: Big Data, Infographic, Security.

    Virtual Coins – what will this mean for the payments space?

    Forget £, $, €, or the whole host of other international currencies, the new kid on the block is virtual currencies; which live on the web and in our virtual wallets.

    The latest to launch is Amazon Coins; used for app, game, and in-app purchases on Amazon’s app store.

     

    But what are the advantages over standard currency? The main benefit for consumers is discounts. 100 “coins” on Amazon is equivalent to $1, whereas 500 will cost $4.80 (a 4% saving) with more gift cards...

    By Ryan Daws, 14 May 2013, 0 comments. Categories: Billing, Consumers, Entertainment, Industry, Marketing, Security.

    Building automation market will reach $43 billion

    After years of steady but low growth, the commercial building automation systems (BAS) market is experiencing a rapid period of change and investment. Traditionally, growth and adoption has been closely tied to new building completion but new entrants and new connectivity are driving greater investment. According to the latest market study by ABI Research, over the next five years the building automation services market will grow to $43 billion -- that's up from $35 billion this year. Two key factors...

    By David H. Deans, 14 May 2013, 0 comments. Categories: Devices, Infrastructure, M2M, Security.