Liberty reserve, a portal for money transfer, had been under money-laundering investigations for a long while now. The authorities have apparently found evidence that links the website to the said charges, leading to the arrest of Liberty Reserve’s founder.
Last Tuesday, online video storage and sharing site Rapidshare announced through its official blog that the company has decided to drop unlimited file storage plans. According to the company, it’s not easy to provide unlimited file storage plans since Megaupload has been taken down.
In his ongoing legal battle with the New Zealand government, MegaUpload’s founder Kim Dotcom has been told by a court that if he wishes, he can sue the spy agency of the country. Apparently, this permission has been granted because the Government Communications Security Bureau (GCSB) acted illegally in spying on Dotcom.
Kim Dotcom recently launched the file storage service, Mega, which he touted as one of the most secure digital storage services. According to Dotcom, the encryption of all uploaded files ensured that they were secure from third parties. To make things even better, he has now offered awards to the tune of $13,500 for finding a security bug in Mega.
Kim Dotcom’s ‘Mega’ seems all set to prove the grandiosity of its name. Dotcom recently launched the service, claiming on his Twitter account that the Mega website was attracting heavy traffic right after its launch. He has now substantiated his claim by divulging early stats, revealing that 100,000 users registered for the service within one hour of its launch. By the time we are writing the report Mega already crossed 1 Million user mark.
The founder of MegaUpload, Kim Dotcom, has long been promising that he is going to deliver a new file-sharing service which would be far more secure than his previous venture. He unveiled Mega a while ago and allowed select individuals to test it out as a beta service. Dotcom has tweeted that the service is now available to the public.
When Kit Dotcom launched an all-new Mega as a replacement for the now late MegaUpload, we had hoped that the new service would be meant to safeguard the anonymity and privacy of the users. However, whereas the new Mega is big on security, encrypting all uploaded data, it does fall short of providing adequate privacy features.
Last year (2012), the U.S. box office saw more than $10 billion dollar in ticket sales (total is estimated to be $10.8 billion). This is a record setting performance for the movie industry.