The Washington Post

The Switchboard: Bitcoin exchange Mt. Gox files for bankruptcy

(REUTERS/Jim Urquhart)

Published every weekday, the Switchboard highlights five tech policy stories you need to read.

Mt. Gox Files for Bankruptcy Protection. "Bitcoin exchange Mt. Gox said Friday it was filing for bankruptcy protection after losing almost 750,000 of its customers' bitcoins, marking the collapse of a marketplace that once dominated trading in the virtual currency," according to the Wall Street Journal. "The company said it also lost around 100,000 of its own bitcoins."

California court says it’s ok for drivers to look at smartphone maps. "According to a new state appeals court ruling on Thursday, California drivers can now legally read digital maps on their phones, even though a state law says that they cannot use phones while behind the wheel," Ars Technica reports. "The case involved a man named Steven Spriggs, who was ticketed $165 by a California Highway Patrol officer who spotted Spriggs after he was stuck in traffic at an area encumbered by roadwork."

Millions of Yahoo webcam images intercepted by GCHQ. "Britain's surveillance agency GCHQ, with aid from the US National Security Agency, intercepted and stored the webcam images of millions of internet users not suspected of wrongdoing, secret documents reveal," according to the Guardian. "GCHQ files dating between 2008 and 2010 explicitly state that a surveillance program codenamed Optic Nerve collected still images of Yahoo webcam chats in bulk and saved them to agency databases, regardless of whether individual users were an intelligence target or not."

Texas appeals court says police can’t search your phone after you’re jailed. "On Wednesday, the Texas Court of Criminal Appeals ruled that law enforcement officials do need a warrant to search an arrested person's cell phone after they've been jailed," Ars Technica says. "The ruling did not decide whether it is legal or not for police to search a suspect's phone at the incidence of arrest, which is currently a hotly contested subject. The Supreme Court is set to decide that matter later this year. For now, however, seven Texas appeals court judges have ruled that a person has a legitimate expectation of privacy over the contents of their cell phone while the phone is being stored in the jail property room."

Yellen steers clear of bitcoin. "The Federal Reserve has no jurisdiction over the virtual currency bitcoin and the job of policing wrongdoing in that area should fall to the Justice Department, according to Fed Chairwoman Janet Yellen," the Hill reports. "Testifying before the Senate Banking Committee, Yellen said that since bitcoin does not intersect with the traditional banking system, the Fed has no oversight over it."



Success! Check your inbox for details. You might also like:

Please enter a valid email address

See all newsletters

Show Comments
Most Read



Success! Check your inbox for details.

See all newsletters

Your Three. Videos curated for you.
Play Videos
Be a man and cry
Deaf banjo player teaches thousands
Sleep advice you won't find in baby books
Play Videos
Drawing as an act of defiance
A flood of refugees from Syria but only a trickle to America
Chicago's tacos, four ways
Play Videos
What you need to know about filming the police
What you need to know about trans fats
Syrian refugee: 'I’m committed to the power of music'
Play Videos
Riding the X2 with D.C.'s most famous rapper
Full disclosure: 3 bedrooms, 2 baths, 1 ghoul
Europe's migrant crisis, explained
Next Story
Andrea Peterson · February 27, 2014

To keep reading, please enter your email address.

You’ll also receive from The Washington Post:
  • A free 6-week digital subscription
  • Our daily newsletter in your inbox

Please enter a valid email address

I have read and agree to the Terms of Service and Privacy Policy.

Please indicate agreement.

Thank you.

Check your inbox. We’ve sent an email explaining how to set up an account and activate your free digital subscription.