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| Bitcoin Foundation hit by resignations over new director | | Saturday, May 17, 2014 12:11 AM | |
|  By Joseph Menn SAN FRANCISCO (Reuters) - (Corrects spelling of Mt. Gox CEO in paragraph 16 to Karpeles, not Kapeles) As the most prominent trade group pushing adoption of the electronic currency Bitcoin begins its annual conference on Friday, it is being roiled by controversy. At least 10 members of the nonprofit Bitcoin Foundation have resigned over last week's election of onetime Disney child star and current Bitcoin entrepreneur and financier Brock Pierce as a new director, officials at the group said. That includes allegations in lawsuits from three employees of Pierce's first company, bankrupt web video business Digital Entertainment Network, that he provided drugs and pressured them for sex when they were minors. "The allegations against me are not true, and I have never had intimate or sexual contact with any of the people who made those allegations," Pierce told Reuters via email.
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| Venezuela president urges re-start of political dialogue | | Saturday, May 17, 2014 12:10 AM | |
|  Venezuelan President Nicolas Maduro urged opposition leaders on Friday to return to political talks intended to stem unrest around the country or face the "repudiation" of the nation. Moderate leaders of the Democratic Unity (MUD) coalition broke off dialogue this week, saying government officials were insulting them and rebuffing requests for releases of opposition-linked prisoners. Unrest has flared again in Caracas in recent days, with more than 100 youths arrested during violent clashes with security forces and attacks on government buildings. "We don't accept blackmail from anyone," Maduro said during a ceremony with Palestinian President Mahmoud Abbas in Caracas.
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| Colombian government, rebels move closer to peace deal | | | By Rosa Tania Valdés and Helen Murphy HAVANA/BOGOTA (Reuters) - Colombia's FARC rebels reached an agreement with the government on eliminating the illegal drug trade and called a weeklong ceasefire on Friday, giving a political boost to President Juan Manuel Santos in his re-election bid. The unilateral ceasefire includes the first round of presidential elections on May 25. It was announced after Santos, once a clear favorite, began to falter in public opinion polls. The center-right president's lead has evaporated with the rise of right-wing rival Oscar Ivan Zuluaga, now tipped to win in two recent surveys if, as expected, the voting goes to a second-round runoff on June 15. |
| Apple, Google settle smartphone patent litigation | |  By Dan Levine SAN FRANCISCO (Reuters) - Apple Inc and Google Inc's Motorola Mobility unit have agreed to settle all patent litigation between them over smartphone technology, ending one of the highest profile lawsuits in technology. "Apple and Google have also agreed to work together in some areas of patent reform," the statement said. Apple and companies that make phones using Google's Android software have filed dozens of such lawsuits against each other around the world to protect their technology. Apple argued that Android phones that use Google software copy its iPhones.
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| Snowden fallout still echoes across cyber industry | |  By Ros Krasny WASHINGTON (Reuters) - Revelations by former NSA contractor Edward Snowden changed lives in the cyber community, from slowdowns in obtaining high-level security clearances to providing material for a "really good comedy routine." Experts at the Reuters Cybersecurity Summit this week were asked how Snowden, now living under asylum in Russia after exposing the National Security Agency's phone and Internet spying programs in 2013, altered their worlds. The creation of a mini "Snowden industry" is one on them. "I give a lot more speeches," said Michael Hayden, the former NSA and CIA director.
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| Corrected - Bitcoin Foundation hit by resignations over new director | | By Joseph Menn SAN FRANCISCO (Reuters) - (Corrects spelling of Mt. Gox CEO in paragraph 16 to Karpeles, not Kapeles) As the most prominent trade group pushing adoption of the electronic currency Bitcoin begins its annual conference on Friday, it is being roiled by controversy. At least 10 members of the nonprofit Bitcoin Foundation have resigned over last week's election of onetime Disney child star and current Bitcoin entrepreneur and financier Brock Pierce as a new director, officials at the group said. That includes allegations in lawsuits from three employees of Pierce's first company, bankrupt web video business Digital Entertainment Network, that he provided drugs and pressured them for sex when they were minors. "The allegations against me are not true, and I have never had intimate or sexual contact with any of the people who made those allegations," Pierce told Reuters via email.
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| U.S. prosecutors drop two more charges against Rajaratnam's brother | |  By Joseph Ax NEW YORK (Reuters) - U.S. prosecutors have dropped two insider trading-related charges against former Galleon Group hedge fund portfolio manager Rengan Rajaratnam, the second time in two weeks the government has whittled down its case against him. In a new indictment made public on Friday, prosecutors eliminated two securities fraud charges against Rajaratnam, but he is expected to go to trial on other criminal charges. Rajaratnam is the younger brother of Galleon founder Raj Rajaratnam, who is serving an 11-year prison sentence for his 2011 conviction for insider trading. Two weeks ago, prosecutors dropped two other securities fraud counts against Rengan Rajaratnam following a written opinion from U.S. District Judge Naomi Reice Buchwald that those charges were "internally inconsistent" with a conspiracy charge in the indictment.
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