DoJ seizes $1 billion in bitcoins associated with underground marketplace Silk Road

In a statement the U.S. Justice Department stated, it had seized more than $1 billion worth of bitcoin associated with the underground online marketplace Silk Road. The Justice Department is seeking the forfeiture of the bitcoins, which had been in the possession of an unnamed hacker who had stolen them from the “notorious” website. The…

Britain to draft regulations overseeing environmental impact of food chain on tropical forests

In a significant development, food manufacturers, supermarkets, and restaurant chains are coming under pressure from campaigners over the environmental impact the food chain is having on tropical forests midst calls to strengthen a plan to stop logging of trees in tropical forests to grow cocoa, palm oil and soy. With the food industry coming under…

50 state attorney general to collaborate with telecom firms to combat unwanted calls

Robocalls have emerged as the single largest source of complaints to authorities. In a significant development, the attorneys general from 50 U.S. states as well as from the District of Columbia stated, they are joining forces with major U.S. telecommunications providers, including Comcast Corp, AT&T Inc, T-Mobile Us Inc, Verizon Communications Inc, and Sprint Corp…

China’s ZTE Corp loses $3 billion market capitalization after it agrees to pay U.S. fine

ZTE’s strategic move will, at least in the short run, allow it to resume operations and start sourcing components from the U.S. It is to be seen how the Trump Administration navigates ZTE’s stigma of posing as a national security threat to the U.S. in the Congress. On Wednesday, Chinese telecommunications giant ZTE Corp saw…