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| January 23, 2018

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Supreme Court to Consider Internet Sales Tax Collection

January 13, 2018 |

The Supreme Court said it would consider whether states can broadly require online retailers to collect sales taxes even for states where they lack a physical presence—with a potential major impact on online commerce.
WSJ.com: US Business

Free WiFi on 100% of domestic flights gives JetBlue top ranking for onboard internet service

December 24, 2017 |

In the heated competition between airlines in the U.S., JetBlue Airways offers an extra perk that is pretty alluring to most travelers: Free, high-speed wireless internet.

For that reason, an internet comparison site named JetBlue as the top domestic airline for overall WiFi service, followed by…


L.A. Times – Business

Net neutrality’s repeal means fast lanes could be coming to the internet. Is that a good thing?

December 13, 2017 |

With federal regulators poised to repeal net neutrality rules this week, your internet service provider would be allowed to speed up delivery of some online content to your home or phone.

Whether those fast lanes are coming, and what they ultimately deliver for Americans, is unclear.

The concept,…


L.A. Times – Business

Get set: Your internet bill is about to soar, thanks to Trump’s FCC

December 12, 2017 |

Thursday’s the day that the Trump administration will overturn former President Obama’s rules protecting consumers from greedy telecom companies manipulating internet access and pricing.

I got a preview of what’s to come over the weekend as my Spectrum internet bill soared by 20% — and as I encountered…


L.A. Times – Business

Japanese Internet Giant GMO Offers to Pay 4700+ Employees in Bitcoin

December 12, 2017 |

Japanese Internet Giant GMO Offers to Pay 4700+ Employees in Bitcoin

Japanese conglomerate GMO Internet Group has introduced a payroll system to allow its 4,700+ employees to receive part of their salaries in bitcoin.

Also read: South Korea Clarifies Position After Reports of Possible Ban on All Crypto Transactions

GMO Introduces Bitcoin Salary Payment System

Japanese Internet Giant GMO Lets 4700+ Employees Receive Salary in BitcoinJapanese Internet leader GMO Group has announced that its employees can start receiving part of their salaries in bitcoin beginning in February of next year for the March pay period. This option will initially only be available to employees of GMO Internet Co. Ltd but it will gradually extend to the entire group, the company detailed in its announcement on Monday. According to the company’s website, GMO Internet has 4,710 full-time employees as of September this year.

The company also listed 42 subsidiaries on its website which are part of the GMO Group. They include GMO Coins, the company’s cryptocurrency subsidiary, and GMO Click, one of the world’s largest FX platforms.

In order to facilitate salary payments in bitcoin, the company explained:

The GMO Internet Group has decided to introduce a system that allows part of the salary payment to be received as bitcoin in order to promote ownership of our domestic employees’ virtual currency.

The minimum bitcoin payment will initially be 10,000 yen (~$ 88) and the upper limit will be 100,000 yen (~$ 881). Each salary payment in yen will be reduced by the amount of bitcoin payment paid, using the exchange rate at the GMO Coins exchange. Employees who create an account at the GMO Coins exchange “can receive bitcoin on the same day as their payday,” Nikkei described.

GMO Promoting Crypto From Within

Following the launch of its cryptocurrency trading platform in May, GMO announced in September its plans to begin a mining business. The company plans to spend 10 billion yen in the next few years to build a mining farm as well as to research and develop 7nm, 5nm, and 3.5nm mining chips. In October, GMO announced that it plans to sell mining boards equipped with 7nm chips using token sales.

Japanese Internet Giant GMO Lets 4700+ Employees Receive Salary in BitcoinIn Monday’s announcement, the company stated, “The mining business is currently preparing for the start of business beginning in January 2018.”

“The GMO Internet Group will contribute to the development of virtual currencies in the world by promoting efforts related to virtual currency throughout the group,” the company noted, adding that:

In order to further strengthen these approaches to virtual currency, it is important for employees to actively use virtual currency first by improving [their] virtual currency literacy.

What do you think of GMO offering to pay their employees in bitcoin? Let us know in the comments section below.


Images courtesy of Shutterstock and GMO Group.


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The post Japanese Internet Giant GMO Offers to Pay 4700+ Employees in Bitcoin appeared first on Bitcoin News.

Bitcoin News

Internet hoaxster Paul Horner died of drug overdose: report

December 7, 2017 |

An Internet hoaxster’s death in September was caused by a potent mix of drugs, according to a medical examiner’s report released Tuesday.
FOX News

Google parent company sends up solar-powered balloons to bring internet service to Puerto Rico 

October 21, 2017 |

Google’s parent Alphabet Inc. said Friday that its stratospheric balloons are now delivering the internet to remote areas of Puerto Rico where cellphone towers were knocked out by Hurricane Maria.

Two of the search giant’s “Project Loon” balloons are already over the island enabling texts, emails…


L.A. Times – Business

Google parent Alphabet turns on internet balloons in Puerto Rico

October 21, 2017 |

Google’s parent Alphabet Inc. said Friday that its stratospheric balloons are now delivering the internet to remote areas of Puerto Rico where cellphone towers were knocked out by Hurricane Maria.
FOX News

Martin Shkreli is in jail with terrorism and mob suspects, and no Internet

September 17, 2017 |

Inmate No. 87850-053 has no Internet access.

That could be the least of the inconveniences ahead for “Pharma Bro” Martin Shkreli, whose online rantings about Hillary Clinton prompted a judge this week to revoke his bail and put him in the Metropolitan Detention Center, a fortress-like federal jail…


L.A. Times – Business

Start-up Bodega learns an important branding lesson; apologizes after Internet outrage

September 14, 2017 |

Start-ups like to frame themselves as plucky upstarts intent on toppling bigger, entrenched rivals. This David-vs.-Goliath narrative has been used by tech firms to vilify corporate giants such as telecoms, banks, razor manufacturers and taxi companies.

But on Wednesday, a start-up called Bodega…


L.A. Times – Business