Revelations that the National Security Agency is tapping smartphone applications to mine personal information highlight the risk millions take every day when they play games, schedule lunch or check the weather.
New York’s top financial regulator told Bitcoin entrepreneurs he’ll prevent their companies from abetting money laundering even at the risk stamping out innovation in the embryonic virtual-currency industry.
Venture capital pioneer Tom Perkins is taking heat from the firm he co-founded and Silicon Valley peers alike after comparing today’s treatment of wealthy Americans to the persecution of Jews in Nazi Germany.
Entrepreneurs from Silicon Valley to Wall Street say they don’t care much for Bitcoin as a currency to supplant the U.S. dollar. As a payment technology they could use to undercut Visa Inc., Western Union Co. or Citigroup Inc., they say they like it a lot more.
When SurveyMonkey Inc. Chief Executive Officer Dave Goldberg wanted to buy out investors from his Internet company and attract new ones who wouldn’t balk at his aim to stay private, he steered clear of traditional startup financiers in the venture-capital community.