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Oxfam claims $18.47 trillion held in 'tax havens' as EU leaders meet to discuss solutions

Cloud over British Parliament stock

A new report from Oxfam estimates that at least $18.47 trillion is being held by individuals in so-called "tax haven" countries across the globe. The international agency says that a large bulk of that (approximately $12.29 trillion) can be traced to the EU. Oxfam says if you were to add all of that up, it'd be enough to end extreme poverty twice over. "These figures put the UK at the centre of...

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Why won’t Bitcoin die?

bitcoin

I attended the first Bitcoin World Conference and Expo, held in a second-floor meeting room in a midtown Manhattan hotel, on a Saturday in August 2011. The virtual currency was powering an alternative economy worth around $81 million USD. Roughly 75 attendees, mostly long-haired programmers and pasty cypherpunks, came from as far as Switzerland. After the talks, we took a group photo.

The Bitcoin economy is now worth more than $1 billion USD. More than 1,000 people showed up last weekend at...


US shuts down Guantanamo Wi-Fi in response to Anonymous threats

guantanamo bay (wikimedia)

The US military has shut down Wi-Fi access at the Guantanamo Bay Naval Base in Cuba, after receiving threats from the hacktivist collective Anonymous. Army Lt. Col. Samuel House confirmed the move Monday, telling the Associated Press that wireless internet service was shuttered as a precautionary move, and that access to Facebook and Twitter through military networks has also been cut off.

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New York City issues $2,400 fine for renting on Airbnb, but the law is still unclear

Airbnb iPhone

Nigel Warren, the New York tenant who ended up in trouble with the city after renting his room out on Airbnb, just got some bad news. A judge on the city’s Environmental Control Board (ECB), which arbitrates these matters, has found Warren’s landlord guilty of violating the state's illegal hotel law and fined him $2,400. Many Airbnb listings were already explicitly illegal in New York, but this ruling extends that illegality to cover even...

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