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PayPal washes its hands of bitcoin scam

An eBayer has lost £5,300 after he was conned out of his bitcoins. Now he is being chased for money he is said to owe Will Phillips is £5,300 out of pocket after falling victim to a very 21st-century financial scam involving hacked PayPal accounts and the digital currency bitcoin.…

Angry eBay merchant plans to sue PayPal for anti-bitcoin activity

Angry eBay merchant plans to sue PayPal for anti-bitcoin activity (via Pando Daily) By Michael Carney On January 7, 2014 Decentralized virtual currencies are largely unregulated leading to a wild west situation between merchants, end users, and service providers. One eBay merchant doesn’t like the way he’s been treated by…

PayPal accidentally makes man a quadrillionaire

Last month, Chris Reynolds had $140 dollars in his PayPal account. On Saturday, he had a little more — $92 quadrillion, or $92,233,720,368,547,800, to be exact. The 56-year-old public relations executive from Media, Pa., says he was shocked to see…  …

Two Anonymous members jailed over PayPal hack in London

Two computer hackers were jailed by a London court on Thursday for a series of cyber-attacks by the hacking group Anonymous that cost the US online payments giant PayPal millions of dollars. Christopher Weatherhead, a 22-year-old student, was sentenced to 18 months in jail after being found guilty last month…

PayPal lets shops take payments on smartphones

Online financial transactions titan PayPal has started to allow merchants across the world to take payments using smartphones in a direct challenge to startup Square. The PayPal Here system uses a triangle-shaped “dongle” card reader that plugs into mobile devices to let people make purchases. PayPal Here software also lets…

Canadian election watchdog probing Paypal for robocalls

Canada’s elections watchdog focused Tuesday on online payments company PayPal’s records as part of a probe of “robocalls” that misdirected voters to fake polling stations during last year’s election. “PayPal has been served a production order in regards to the Elections Canada investigation,” the company said in a statement. Production…

Yahoo names ex-PayPal boss Thompson new CEO

NEW YORK — Yahoo on Wednesday named PayPal’s Scott Thompson its new chief executive, saying he would recharge growth at the Internet giant that has been losing the battle over online ads. Thompson said he aimed to boost Yahoo reader traffic to attract more advertisers, arguing that the company’s assets…

Yahoo to name new CEO

(Reuters) - Yahoo is poised to name PayPal President Scott Thompson as chief executive after firing former CEO Carol Bartz in September, website AllThingsD reported, citing sources close to the situation. Former Web powerhouse Yahoo is undergoing a strategic review as it struggles to compete with newer heavyweights Google and Facebook. It has been run by interim CEO and former chief financial…

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