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Kim Dotcom Will Float Baboom Music Service

Ex-MegaUpload founder Kim Dotcom is going to raise AU$4.5 million for his new digital music service by taking it public on the Australian Securities Exchange by the end of the year. The potential investors have received a 41-page prospectus with the plans, which were also published on Baboom’s website. The company is going to issue up to 11.25 million shares at AU$0.40 each.
“Hidden From Google” Service Launched

Hidden From Google is the service invented by a web programmer from New Jersey. It archives all websites that Google is required to take down from search results in Europe due to the latest court ruling that allows people to demand that certain pages be removed from Google’s search listings.
World Cup Generated 672 Million Tweets

While Germany and Argentina were fighting to win the World Cup, Twitter and Facebook had their own battle for social supremacy during the sport event. This competition is stretching beyond the final, because the social networks are still releasing statistics on how the World Cup was among their users. According to the latest data from Twitter, there were 672 million related tweets sent during the competition.
TOR Network Accused of Protecting Criminals
It looks like the legal system in Texas is going to charge the TOR network for helping criminals. The network has been sued in the state of Texas over aiding a revenge porn website by providing its free service.

Indeed, a criminal justice major at the University of North Texas has launched a lawsuit against the website called Pinkmeth, which allows users to upload and publicly share sexually explicit content without permission from the people in the pictures. Apparently, the website is often used by hackers and ex-partners, and it is deemed illegal in eleven states.
Spanish Wi-Fi Operator Went Bankrupt
Gowex, Spanish wireless networks provider, has recently filed for bankruptcy. This happened a week after the authorities revealed an accounting fraud at the company. According to the Spanish High Court, the firm founder could face a jail sentence of over 10 years.

The company claimed that it decided to file for bankruptcy because it found itself in a state of “imminent insolvency” and faced a financial standstill due to a high number of contracts being ended and new projects being cancelled.
British Hacker Jailed for 6 Months
One of the Northumbria University students has received a six months sentence after refusing to disclose encryption passwords to his computer. Christopher Wilson was charged with hacking police online services after authorities claimed that they wanted to see the contents of his PC in the interests of national security.
Cyber Police Pursue Shylock Malware

International law enforcement agencies, including the FBI, the German Federal Police and Europol, are leading a global campaign with the aim to knock out the Shylock malware. The latter infected at least 30,000 computers running Windows across the globe and siphon off money from victims’ online banking accounts. The agencies located and seized command and control servers for Shylock. The malware was dubbed “Shylock”, because quotes from Shakespeare’s Merchant of Venice were found in its code.
BitTorrent Started Crowdfunding Campaign for New TV Show

BitTorrent Inc, the developer of the well-known file-sharing software uTorrent, will allow content creators to charge for their content since September. The new “paywall” option is supposed to generate a healthy revenue stream for the indie artists. The movie producer Marco Weber will become one of them – he is going to share a pilot of his upcoming TV show “Children of the Machine” if BitTorrent users donate $2.5 mln for its release.
News Corp Wants to Toughen Piracy Laws in Australia

News Corporation has called for a toughening of legislation in Australia in order to force ISPs to crack down on piracy. News Corp used a senate submission on a proposed free trade agreement between Australia and South Korea and called for amendments to domestic copyright legislation in order to cover the “secondary liability” of Internet service providers for pirated content stored and shared on their networks.
Football Championship Broke Facebook and Twitter Records
The statistics confirms that Germany’s World Cup win drew 280 million interactions on social network, which is more than 2013 Super Bowl, with peak of 618,725 tweets per minute.
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