Tuesday 30 June 2015

XE Market Analysis: Asia - Jun 30, 2015

The dollar perked up on encouraging U.S. data, including chain store sales, Case Shiller home prices and consumer confidence, which collectively offset a disappointing Chicago PMI. USD-CAD found added support from an unexpected 0.1% dip in Canadian April GDP. EUR-USD dropped to a low of 1.1112 before settling around 1.1150 , still around a big figure down on the day's peak. USD-CAD punched through last Wednesday's high at 1.2423 on route making a three-week peak at 1.2500. The yen outperformed.



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Organized Crime Police Raid ‘Pirate’ Android TV Box Sellers

As highlighted in a TorrentFreak report earlier this month, anti-piracy outfits are running out of patience with the proliferation of software and devices that allow for movies, TV shows and sports to be pirated and streamed with ease.

Popcorn Time and Kodi/XBMC derivatives are the industry’s primary targets and their installation in hardware devices including cheap Android-style set-top boxes is clearly becoming a real thorn in its side. Earlier this month police carried out several raids in the UK and today comes news of yet more operations, complete with accompanying video.

After a joint investigation by the Metropolitan Police and the Federation Against Copyright Theft (FACT) into the sales of set-top boxes programmed to provide access to movies, TV shows, live sports and subscription channels without permission, officers raided locations in the south and Midlands areas of the country.

In what appears to be the largest raid today, officers from the Metropolitan Police carried out raids in Feltham, Middlesex. A 48-year-old-man and a woman were arrested and more than 1,000 set-top boxes were seized.

Further north in the West Midlands town of Walsall, police seized “dozens” of pieces of electronics including set-top boxes, computers and sat nav systems. A 50-year-old man was voluntarily interviewed by police and FACT investigators.

While police and FACT involvement indicate that the authorities are taking these devices seriously, today raids were also assisted by officers from the West Midlands Regional Organized Crime Unit (ROCU) and the Government Agency Intelligence Network (GAIN). Completing what the Brits might call a “full house”, Trading Standards officers were also involved in the operation.

“The proliferation of IPTV (Internet Protocol Television) and set-top boxes along with apps and add-ons that facilitate illegal streams have created new opportunities for piracy and the delivery of stolen content,” said FACT Director General Kieron Sharp.

“As today’s action demonstrates, we are working in close partnership with our colleagues in law enforcement on addressing these threats and are committed to bringing those responsible to account.”

GAIN Co-ordinator Jason Grove underlined the high level of agency cooperation evident in this morning’s raids.

“Today’s action is an excellent example of our multi-agency working across force boundaries to tackle serious and organized crime,” Grove said.

“These kinds of offenses cost the economy and in particular the film and television industry tens of thousands of pounds each year and today shows that we will take action against those involved.”

Finally, in a further indication that the authorities and FACT want these operations to be highly visible, a video of one of the raids.

Source: TorrentFreak, for the latest info on copyright, file-sharing, torrent sites and the best VPN services.

French Magazine Fined €10,000 For Encouraging Piracy

download-keyboardLast summer the bimonthly computer magazine “TĂ©lĂ©chargement,” French for “Download,” released an issue documenting the various ways people can pirate films, TV-shows, games and music on the Internet.

The cover featured a pirate skull and advertised “the best software and websites to download for free.”

The local music industry group SCPP was appalled by the controversial issue and decided to take legal action in response. According to the group’s CEO Marc Guez the magazine publishers had gone too far.

“A line had been crossed,” Guez told Next INpact. “This is a magazine which clearly and shamelessly incited piracy. That’s what prompted us to act.”

The music industry group highlighted what they believe were inciting passages. For example, it described torrent clients such as uTorrent and BitComet, noting that it’s easy to find infringing content through Google search.

“There’s no need to dive into the depths of the deep Web for pirate downloads, Google will make sure they’ll surface. With some clever keywords and in a handful of clicks you will fill your hard drives with joy and laughter,” it read.

“We offer an overview of the best torrent clients plus some tips and tricks to entertain you,” the magazine added.

Other passages of the magazine mentioned specific tips and websites where pirated content is available, mentioning how easy it is to download movies and music without paying for it.

SCPP took the magazine publisher to court claiming it had violated French copyright law. Specifically, they argued that the publisher willingly encouraged its readers to use software that’s predominantly used to share copyright infringing material.

Under French law it’s forbidden to “knowingly encourage” the use of software that’s clearly meant to infringe copyrights, with a maximum prison sentence of three years and a €300,000 fine.

The publisher contested the claims, noting that the magazine repeatedly emphasized that piracy is illegal. However, according to the court this was not enough.

Earlier this month the court of Nanterre handed down its verdict ruling that the publisher indeed went too far. The court issued a €10,000 fine, which is roughly the amount that was made through the sale of the magazine.

The music industry is happy with the outcome, noting that it’s the first time that a news outlet has been found guilty of inciting piracy under this section of copyright law. The ruling is final and can’t be appealed.

Source: TorrentFreak, for the latest info on copyright, file-sharing, torrent sites and the best VPN services.

XE Market Analysis: North America - Jun 30, 2015

EUR-USD found a footing under 1.1150 after a fleeting foray below here earlier. The euro is now settled around 1.1160, still well off yesterday's New York closing bid level at 1.1235. A bout of EUR-JPY selling had earlier weighed on EUR-USD. There remains a lack of commitment in the euro market as participants wait for what looks set to be the finale of the Greek saga with regard to its membership of the euro. Elsewhere, USD-JPY clocked a one-month low at 121.93, subsequently recovering to the 122.40 area. USD-CAD back off after testing last Wednesday's three-week peak at 1.2423 today.



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XE Market Analysis: Europe - Jun 30, 2015

The main currencies have been relatively subdued so far today after yesterday's sharp volatility. Focus remains on the South West corner of the Eurozone, with the Greece's repayment to the IMF, due by 22 GMT, not likely to be made (Germany's Schaeuble reportedly confirmed that Athens has announced this). S&P lowered the country's credit rating to CCC in anticipation of this.



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Monday 29 June 2015

Court Orders Namecheap to Identify Pirate Site Operator

namecheapLast month the long running lawsuit between the RIAA and Grooveshark came to an end. However, within days a new site was launched aiming to take its place.

The RIAA wasn’t happy with this development and quickly obtained a restraining order, preventing domain registrars and hosting companies from offering their services to the site.

In a response Namecheap quickly suspended the site’s account. However, the “new” Grooveshark then relocated elsewhere and as of today the RIAA is still in the dark as to the identity of the owner.

Hoping to track this person down the music labels recently filed a motion to conduct expedited discovery. This would allow them to order third party services to hand over all personal information they have on the site’s operator.

“Defendants have continued to operate the counterfeit Service, concealing their identities and using multiple infringing domain names registered through at least three different domain name registrars,” the RIAA’s lawyers wrote in their motion.

According to the RIAA, help from other services is needed as they have “no alternative methods” to find out who is operating the “revived” Grooveshark site.

Late last week New York District Court Judge Alison Nathan agreed with the music labels, granting the motion against Namecheap and several other service providers (pdf).

In addition to Namecheap the court filing specifically mentions the “proxy” provider Cloudflare, domain name registrar Dynadot and hosting provider Nodisto.

The RIAA expects that these organizations will have crucial information including payment details and IP-addresses. Thus far none of the third-party service providers have objected to the order, and it’s unlikely that they will.

Coincidentally, Namecheap launched a campaign last week urging its users to protest a new proposal that would put an end to private domain name registrations for some site owners. However, the company does not object to court orders and has complied with similar ones previously.

Source: TorrentFreak, for the latest info on copyright, file-sharing, torrent sites and the best VPN services.

XE Market Analysis: Asia - Jun 29, 2015

The euro rose in thin post-Europe trade despite today having been a tumultuous one in European equity and bond markets. The Stoxx Europe 600 closed 2.7% for the worse, the biggest daily loss this year. The Greek two-year yield rose to 34.4% after a 14 percentage points gain today, while the 10-year yield climbed above 15% for the first time since 2012. EUR-USD, however, managed to more than recover the sharp losses that were seen first thing in Asia-Pacific, presently settled about 20 pips off the days high at 1.1278. EUR-JPY and other euro crosses are also up.



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International Economic Preview For the Week of June 30-July 3

Tuesday

EU Inflation: after printing negative numbers for five months, this indicator was a positive .3 in its last reading.  With oil still weak, it’s doubtful we’ll see a major move higher.

UK Final GDP: the UK is an economic bright spot.  There is no reason to think this number will be revised in a major way either higher or lower.



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Cloudflare Reveals Pirate Site Locations in an Instant

cloudflareFive years ago, discovering the physical location of almost any ‘pirate’ site was achievable in a matter of seconds using widely available online tools. All one needed was an IP address and a simple lookup.

As sites became more aware of the need for security, cloaking efforts became more commonplace. Smaller sites, private trackers in particular, began using tunnels and proxies to hide their true locations, hampering anti-piracy efforts in the process. Later these kinds of techniques were used on even the largest sites, The Pirate Bay for example.

In the meantime the services of a rising company called Cloudflare had begun to pique the interest of security-minded site owners. Designed to optimize the performance of sites while blocking various kinds of abuse, Cloudflare-enabled sites get to exchange their regular IP address for one operated by Cloudflare, a neat side-effect for a site wishing to remain in the shadows.

cloud-pir

Today, Cloudflare ‘protects’ dozens – perhaps hundreds – of ‘pirate’ sites. Some use Cloudflare for its anti-DDoS capabilities but all get to hide their real IP addresses from copyright holders. This has the potential to reduce the amount of DMCA notices and other complaints filtering through to their real hosts.

Surprisingly, however, belief persists in some quarters that Cloudflare is an impenetrable shield that allows ‘pirate’ sites to operate completely unhindered. In fact, nothing could be further from the truth.

In recent days a perfect example appeared in the shape of Sparvar (Sparrows), a Swedish torrent site that has been regularly hounded by anti-piracy outfit Rights Alliance. Sometime after moving to Canada in 2014, Sparvar began using the services of Cloudflare, which effectively cloaked the site’s true location from the world. Well, that was the theory.

According to an announcement from the site, Rights Alliance lawyer Henrik PontĂ©n recently approached Cloudflare in an effort to uncover Sparvar’s email address and the true location of its servers. The discussions between Rights Alliance and Cloudflare were seen by Sparvar, which set alarm bells ringing.

“After seeing the conversations between Rights Alliance and server providers / CloudFlare we urge staff of other Swedish trackers to consider whether the risk they’re taking is really worth it,” site staff said.

“All that is required is an email to CloudFlare and then [anti-piracy companies] will have your IP address.”

As a result of this reveal, Sparvar is now offline. No site or user data has been compromised but it appears that the site felt it best to close down, at least for now.

spar-down

This obviously upset users of the site, some of whom emailed TorrentFreak to express disappointment at the way the situation was handled by Cloudflare. However, Cloudflare’s terms and conditions should leave no doubt as to how the company handles these kinds of complaints.

One clause in which Cloudflare reserves the right to investigate not only sites but also their operators, it’s made crystal clear what information may be given up to third parties.

“You acknowledge that CloudFlare may, at its own discretion, reveal the information about your web server to alleged copyright holders or other complainants who have filed complaints with us,” the company writes.

The situation is further underlined when Cloudflare receives DMCA notices from copyright holders and forwards an alert to a site using its services.

“We have provided the name of your hosting provider to the reporter. Additionally, we have forwarded this complaint to your hosting provider as well,” the site’s abuse team regular advises.

While Cloudflare itself tends not to take direct action against sites it receives complaints about, problems can mount if a copyright holder is persistent enough. Just recently Cloudflare was ordered by a U.S. court to discontinue services to a Grooveshark replacement. That site is yet to reappear.

Finally, Sparvar staff have some parting advice for other site operators hoping to use Cloudflare services without being uncovered.

“We hope that you do not have your servers directly behind CloudFlare which means a big security risk. We hope and believe that you are also running some kind of reverse proxy,” the site concludes.

At the time of publication, Henrik Pontén of Rights Alliance had not responded to our requests for comment.

Source: TorrentFreak, for the latest info on copyright, file-sharing, torrent sites and the best VPN services.

XE Market Analysis: North America - Jun 29, 2015

The euro managed to find a footing during the European AM session after plunging in early Asia in response to news that Greece's talks with the Eurogroup broke down, with the ECB refusing to top up ELA assistance. Greece has consequently imposed capital controls and announced a referendum for next Sunday, which will determine whether the electorate has the stomach to exit the euro. Polls suggest that the people of Greece would rather compromise to stay in the euro than exit, but markets will remain on tenterhooks this week ahead of the referendum.



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Malwarebytes Offers Pirates Free “Amnesty” Keys

malwarebytes1Like most other popular software, Malwarebytes has many unauthorized users who use cracks or keygens to unlock the programs paid features.

Traditionally, Malwarebytes has taken a fairly lenient stance towards pirates. Two years ago the company started tracking down this group of users, asking them kindly not to steal the software.

Now, the San Jose company has a new surprise in store. A few days ago Malwarebytes began scanning for pirate and counterfeit keys, as part as an upgrade of its licensing system.

Those found to have used an “abused” key then get the “amnesty” option to upgrade their software for a year without any cost, replacing the pirate key with a legitimate one.

“Malwarebytes is offering a free replacement key for Malwarebytes Anti-Malware Premium customers who have been inconvenienced by piracy or abuse. This new key will be exclusive to you going forward,” the company explains on its website.

Malwarebytes free upgrade

malwarebytes

While the offer is certainly generous, it’s also a necessity because legitimate and pirate keys are often duplicates. This means that pirates and paid users have the same keys.

Going forward, Malwarebytes will use a more advanced license key algorithm which prevents this from happening. This means that it will be harder for pirates to get a free copy after their one year subscription expires.

Malwarebytes’ Bruce Harrison previously told TorrentFreak that they don’t plan to crack down too hard on pirates.

“Piracy is not really a huge problem for us in my opinion. There are a lot of people who simply won’t pay for our software and being aggressive against them won’t change that,” Harrison said.

Offering amnesty to pirates is in line with this stance. It certainly isn’t an aggressive move and could even trigger some to pay up when the free offer runs out.

Source: TorrentFreak, for the latest info on copyright, file-sharing, torrent sites and the best VPN services.

Top 10 Most Pirated Movies of The Week – 06/29/15

mmThis week we have four newcomers in our chart.

Mad Max: Fury Road is the most downloaded movie.

The data for our weekly download chart is estimated by TorrentFreak, and is for informational and educational reference only. All the movies in the list are BD/DVDrips unless stated otherwise.

RSS feed for the weekly movie download chart.

Ranking (last week) Movie IMDb Rating / Trailer
torrentfreak.com
1 (…) Mad Max: Fury Road (Webrip) 8.5 / trailer
2 (2) Jurassic World (TS) 7.7 / trailer
3 (3) Cinderella 7.3 / trailer
4 (1) Get Hard 6.1 / trailer
5 (…) The Longest Ride 7.1 / trailer
6 (4) Run All Night 6.7 / trailer
7 (…) Paul Blart: Mall Cop 2 4.1 / trailer
8 (5) Kingsman: The Secret Service 8.1 / trailer
9 (…) Inside Out (TS) 8.8 / trailer
10 (9) San Andreas Quake 2.1 / trailer

Source: TorrentFreak, for the latest info on copyright, file-sharing, torrent sites and the best VPN services.

XE Market Analysis: Europe - Jun 29, 2015

The euro is under pressure in early-week trade as Greece's talks with the Eurogroup broke down over the weekend, and the ECB refused to top up ELA assistance. Greece has consequently imposed capital controls and announced a referendum for next Sunday, which will determine whether the electorate has the stomach to exit the euro. Finally, after five years, the Greek drama is coming to a definitive head. Polls suggest that the people of Greece would rather compromise to stay in the euro than exit, but markets will remain on tenterhooks this week ahead of the referendum. Some key U.S.



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Sunday 28 June 2015

Anti-Piracy Outfits Boost Numbers With Bogus Takedown Notices

boostFour years ago Google decided to publish detailed statistics of all the takedown notices it receives for its search engine.

Since then, the number of requests have skyrocketed. The increase in notices is partly the result of their public nature, with anti-piracy groups proudly revealing how many URLs they have removed.

Over the past several years TF has spoken to insiders on condition of anonymity, and several mentioned that this PR-angle is hurting the validity of the requests. Some anti-piracy outfits are more concerned with the volume of requests than their accuracy.

“There are a number of automated services sending endless duplicate DMCA Notices to Google,” said ‘Jack,’ the owner of a boutique takedown company.

These duplicate requests include many URLs which have been removed previously (e.g. 1, 2, 3). This means that they don’t add anything in terms of effectiveness. However, Google does add them to the overall statistics.

“Consequently, anti-piracy companies can make it look like they’re doing far more work than they actually are and thus improve their business development, sales or PR story,” Jack added.

Whether the duplicate notices are intentional or just the result of a shoddy system will be hard to prove conclusively. But they do stand out, together with other dubious issues that boost the numbers.

Earlier this week the operator of popular MP3 search engine MP3Juices.is alerted us to an increasing number of fake notices, listing URLs that were never indexed by Google at all.

Instead of finding pages in Google’s search engine they list search terms such as the following from a recent takedown request:

http://ift.tt/1dqVbtW

These search pages are not indexed by Google, so can’t be removed. Also, MP3juices generates a unique hash for each search, but in the notices the same hash is used over and over again for different search terms.

This means that the search URLs are generated through a simple script instead of being the result of actual searches. In addition, the same keywords are used across different sites, as the image below shows.

musosearch1

“MUSO is the main offender, they’re sending dynamically generated (fake) URLs created by their poorly written script. They don’t even verify if the page exists,” MP3Juices informed TF.

In addition, and this is the case for many outfits, most notices sent to Google are not sent to the site which actually hosts or links to the content.

“Only a minority of the notices are directly sent to us, the vast majority are sent to Google even though we remove reported URLs quicker than Google does. We also replace the page with a message encouraging users to use Amazon MP3 as a legal alternative,” MP3Juices said.

MP3Juices is not happy with the bogus takedown notices and plans to report the false claims to Google, not least since Google uses the takedown numbers to downrank websites in its search results.

MUSO didn’t answer any of our specific questions regarding the non-existing pages and search results, but provided a generic statement.

“We analyse over 12 million pages of content daily, across thousands of different hosting, streaming, P2P or search sites,” a MUSO spokesperson said.

“We are focused on providing a fast, efficient and transparent solution, and we welcome correspondence with all sites with whom we work to remove content, including MP3Juices.”

Source: TorrentFreak, for the latest info on copyright, file-sharing, torrent sites and the best VPN services.

US Equity and Economic Review For the Week of June 22-26; Getting Ready For a Move Higher? Edition

Hale Stewart is a former bond broker who has been writing about economics and financial markets since 2006 on the Bonddad Blog.  He is also a tax attorney with a domestic and international practice while also forming and managing captive insurance companies for US companies.   You can follow him on twitter at:@captivelawyer      



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Pirate Bay Founder Still Wants to Clear His Name

Last week and after a technically complex hearing, a jury at the Appeal Court in Denmark again found Gottfrid Svartholm guilty of hacking IT company CSC. The Pirate Bay founder now has no further opportunity to officially protest his innocence.

Nevertheless, if all goes to plan and considering time served and his good behavior, Gottfrid could be up for parole middle to late August. But in cases involving the now-famous Swede, it will come as no surprise that there are complications.

Gottfrid’s mother, Kristina Svartholm, informs TorrentFreak that the Swedish Prison and Probation service has requested a Nordic warrant for her son. The reason for this is that Swedish authorities sent Gottfrid to Denmark a month before his previous sentence was due to expire in 2013. This means that when he is released from Denmark later this year, he could be sent straight back to prison in Sweden to serve a few more weeks.

But despite the setbacks, Gottfrid remains upbeat.

“What Gottfrid wants to do now, more than anything else, is to get back to his developmental work within IT (graphics etc),” Kristina told TF.

“And, of course, first of all: to sit by a keyboard again after nearly three years away from one.”

With those days potentially just a few months away (even when taking the Swedish situation into account) some might sit back and accept their fate. However, Gottfrid is still intent on shining light on what he believes was a sub-standard investigation in Denmark and a poor decision from the court when it denied his appeal.

According to Kristina, Gottfrid seriously questions the reports presented by the Danish police and is disappointed by their content, quality and lack of professionalism. “Clumsy amateurs” according to the Pirate Bay founder.

In respect of the verdict itself, Gottfrid insists that it contains many “errors, mistakes and misunderstandings”. There is even a suspicion that the judges decided on his guilt before the date of the verdict.

“The final speeches from the defense/the prosecutor respectively were made Monday June 15, 2015. The judges and jury met Tuesday for voting. The verdict was presented Wednesday morning. WHEN was this verdict written?” Gottfrid questions.

While the answer to that question may never be forthcoming, Gottfrid and Kristina remain determined to shine a light on the Danish investigation and what they both believe to be an extremely flawed legal process.

To that end and in conjunction with Gottfrid, Kristina has penned a 2200+ word document detailing what they believe to be the key points behind an unfair investigation, criminal trial, and subsequent appeal.

It covers plenty of topics, from the encrypted container found on Gottfrid’s computer to a chat log that became central to linking him to the case, despite it being highly edited by the authorities.

Also of interest are the details of discussions secretly recorded by the police that potentially place Gottfrid in the clear, but were still ignored by the Appeal Court.

The report can be downloaded here (RTF)

Source: TorrentFreak, for the latest info on copyright, file-sharing, torrent sites and the best VPN services.

Saturday 27 June 2015

Sci-Hub Tears Down Academia’s “Illegal” Copyright Paywalls

sci-hubWith a net income of more than $1 billion Elsevier is one of the largest academic publishers in the world.

The company has the rights to many academic publications where scientists publish their latest breakthroughs. Most of these journals are locked behind paywalls, which makes it impossible for less fortunate researchers to access them.

Sci-Hub.org is one of the main sites that circumvents this artificial barrier. Founded by Alexandra Elbakyan, a researcher born and graduated in Kazakhstan, its main goal is to provide the less privileged with access to science and knowledge.

The service is nothing like the average pirate site. It wasn’t started to share the latest Hollywood blockbusters, but to gain access to critical knowledge that researchers require to do their work.

“When I was working on my research project, I found out that all research papers I needed for work were paywalled. I was a student in Kazakhstan at the time and our university was not subscribed to anything,” Alexandra tells TF.

After Googling for a while Alexandra stumbled upon various tools and services to bypass the paywalls. With her newly gained knowledge, she then started participating in online forums where other researchers requested papers.

When she noticed how grateful others were for the papers she shared, Alexandra decided to automate the process by developing software that could allow anyone to search for and access papers. That’s when Sci-Hub was born, back in 2011.

“The software immediately became popular among Russian researchers. There was no big idea behind the project, like ‘make all information free’ or something like that. We just needed to read all these papers to do our research,” Alexandra.

“Now, the goal is to collect all research papers ever published, and make them free,” she adds.

Of course Alexandra knew that the website could lead to legal trouble. In that regard, the lawsuit filed by Elsevier doesn’t come as a surprise. However, she is more than willing to fight for the right to access knowledge, as others did before her.

“Thanks to Elsevier’s lawsuit, I got past the point of no return. At this time I either have to prove we have the full right to do this or risk being executed like other ‘pirates’,” she says, naming Aaron Swartz as an example.

“If Elsevier manages to shut down our projects or force them into the darknet, that will demonstrate an important idea: that the public does not have the right to knowledge. We have to win over Elsevier and other publishers and show that what these commercial companies are doing is fundamentally wrong.”

The idea that a commercial outfit can exploit the work of researchers, who themselves are often not paid for their contributions, and hide it from large parts of the academic world, is something she does not accept.

“Everyone should have access to knowledge regardless of their income or affiliation. And that’s absolutely legal. Also the idea that knowledge can be a private property of some commercial company sounds absolutely weird to me.”

Most research institutions in Russia, in developing countries and even in the U.S. and Europe can’t afford expensive subscriptions. This means that they can’t access crucial research, including biomedical research such as cancer studies.

Elsevier’s ScienceDirect paywall

sciencedirect

So aside from the public at large, Sci-Hub is also an essential tool for academics. In fact, some researchers use the site to access their own publications, because these are also locked behind a paywall.

“The funniest thing I was told multiple times by researchers is that they have to download their own published articles from Sci-Hub. Even authors do not have access to their own work,” Alexandra says.

Instead of seeing herself as the offender, Alexandra believes that the major academic publishers are the ones who are wrong.

“I think Elsevier’s business model is itself illegal,” she says, pointing to article 27 of the UN declaration on human rights which reads that “everyone has the right freely to participate in the cultural life of the community, to enjoy the arts and to share in scientific advancement and its benefits.”

The paywalls of Elsevier and other publishers violate this right, she believes. The same article 27 also allows authors to protect their works, but the publishers are not the ‘authors,’ they merely exploit the copyrights.

Alexandra insists that her website is legal and hopes that future changes in copyright law will reflect this. As for the Elsevier lawsuit, she’s not afraid to fight for her rights and already offers a public confession right here.

“I developed the Sci-Hub.org website where anyone can download paywalled research papers by request. Also I uploaded at least half of more than 41 million paywalled papers to the LibGen database and worked actively to create mirrors of it.

“I am not afraid to say this, because when you do the right thing, why should you hide it?” she concludes.

Note: Sci-Hub is temporarily using the sci-hub.club domain name. The .org will be operational again next week.

Source: TorrentFreak, for the latest info on copyright, file-sharing, torrent sites and the best VPN services.

Weekly Indicators: housing, sentiment, spending star, staffing suffers edition

Monthly data for May included new and existing home sales, both up strongly, personal income up, personal spending up strongly, with saving down. University of Michigan consumer sentiment was up, with present conditions reaching a post-recession high.  Sentiment about both the present and future is in line with the best readings of the 2001-07 expansion.  The only negative report was durable goods, showing the shallow industrial recession goes on.

 



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Can BitTorrent Be Better With Bitcoin?

bitcoinTo millions of users around the world, BitTorrent is a beautiful thing. Not only does it enable the worldwide sharing of any kind of media, but the manner in which it does so is a stroke of pure genius.

Utilizing the bandwidth of all participants in its ‘swarms’, BitTorrent pools the resources of many to provide a streamlined downloading experience for all. It’s both complex and simplicity itself, a rare quality indeed.

BitTorrent’s success as a protocol is tied to its low barrier to entry, since anyone with a computer and Internet connection can participate. Above and beyond that no actual money is needed to obtain content. However, the nature of the system means that it’s not entirely free, since users ‘donate’ their bandwidth to others in order to keep a swarm going.

Millions of users are extremely happy with this setup but a proposal from developer Bedeho Mender could see money being brought into the equation.

Bedeho is the founder of JoyStream, a forthcoming BitTorrent client that tries to improve BitTorrent by allowing peer-to-peer Bitcoin payments in exchange for bandwidth – or content, whichever way one prefers to look at it.

To the torrenting masses, that probably sounds a bit like a tax on air. BitTorrent’s growth has stemmed from the fact that millions of people are happy to share for free. Is it possible that by introducing money things are going to improve? Bedeho thinks so.

“BitTorrent has many strengths, but I would say people are often not sharing for free, e.g. in private communities which have far higher quality service. In that context one is required to adhere to strict and cumbersome rules about contributing to maintain ratios, and this makes the system work much better,” Bedeho tells TorrentFreak.

“JoyStream is just an open version of that very same insight, except that you now are not forced to seed to maintain your ratio, something which is not practical for everyone. The key is therefore not money, the key is incentives to supply enough bandwidth. Money is just one of many means to try to achieve this, just like we do with other goods.”

The idea behind JoyStream is simple. If you have some spare bandwidth and content that people want, you can sell access to that content through the JoyStream client. The more common that content the less likely it is that you’ll be able to charge a premium price for it. Rare material, on the other hand, might be worth someone blowing a few fractions of a bitcoin on.

In very basic terms, if the user tells it to, JoyStream will wind back its upload speed to zero and only open up it up again when someone pays.

One of the claims Bedeho makes about JoyStream is that higher download speeds will be available in this kind of system. The idea is that if seeds are getting paid, they will stick around longer and offer up more bandwidth, a bit like a user on a private torrent site trying to improve his ratio.

“All paid bandwidth comes from other peers which are paid to supply it. If you do not wish to pay to download, then you would just be using the regular BitTorrent tit-for-tat exchange procedure as is today, and JoyStream also supports that,” Behedo explains.

“With JoyStream it may turn out that people will opt to leave their computer on to earn back whatever they have spent when buying before, so it just becomes a closed loop system. That way you wouldn’t even be spending any Bitcoins in total, over time. In such a scenario, you should still expect the quality of the open BitTorrent system to be as good, if not better, than in private communities.”

While earning money for seeding will be attractive to some, will the idea of being in a pay-to-download-faster swarm be off-putting to others? What if JoyStream took off overnight and became a significant player in most swarms?

“Just like in regular BitTorrent, if no one has a full copy of the file and is willing to seed, then the swarm would get stuck for a while. However, since there is compensation, that is much less likely to happen with JoyStream type peers, precisely because those with a full download will not always leave right away, as is common today,” Behedo adds.

While the overall idea certainly provides food for thought, there will undoubtedly be file-sharing traditionalists shuddering not only at the mere thought of file-selling, but also at the prospect of being denied bandwidth at the hands of someone with more bitcoins to spare.

Finally (and just to throw fuel on the fire) when JoyStream is out of alpha it should work on private trackers too….

“I do not know how the torrent community will react in total, but since it is an open system, you are free to use or not use it, and I do expect there will be private communities which will ban it, and that is totally fine with me. That is what an open system like BitTorrent/Bitcoin is all about,” Behedo concludes.

Source: TorrentFreak, for the latest info on copyright, file-sharing, torrent sites and the best VPN services.

Friday 26 June 2015

XE Market Analysis: Asia - Jun 26, 2015

The USD rallied amid a backdrop of higher Treasury yields and a circulating narrative that the big China stock market loss today may be followed up by bigger losses next week as over-leveraged exposures are forced out, which in turn could prompt further commodity price declines. A solid upward revision in U.S. consumer sentiment data was also in the mix. USD-JPY rallied over 50 to 123.99. EUR-USD dipped to the low 1.11s. USD-CAD logged a peak at 1.2397, subsequently ebbed back toward 1.2350.

[EUR, USD]



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International Economic Week In Review For the Week of June 22-26; More Good News, Edition

Hale Stewart is a former bond broker who has been writing about economics and financial markets since 2006 on the Bonddad Blog.  He is also a tax attorney with a domestic and international practice while also forming and managing captive insurance companies for US companies.   You can follow him on twitter at:@captivelawyer  



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Played.to Operator Admits Guilt in Expendables 3 Leak

expendablesLast summer LionsGate suffered a major setback when a high quality leak of the unreleased Expendables 3 film appeared online.

Fearing a massive loss in revenue, the movie studio sued the operators of several websites that allegedly failed to remove the infringing files.

Over the past several months there has been little progress in the case, but yesterday LionsGate announced that it reached a settlement (pdf) with one of the accused site operators.

In a new filing at the California district court, Jerome Gillan, the operator of video hosting site Played.to, admits to willful copyright infringement for his role in the controversial leak.

While the video hosting service has nothing to do with the original leak, Gillian played a role by hosting copies of the film and allowing users to watch these through embedded streams.

In addition, the Played.to operator admits that he failed to process or respond to takedown notices before the lawsuit was filed. As a result, he is liable for the resulting infringements under the DMCA.

According to the proposed judgment which has been agreed by both parties, Gillan takes full responsibility by admitting to all claims the movie studio brought against him.

“Gillan has willfully infringed Lions Gate’s copyright in the Film directly, contributorily and vicariously and is liable for all of the causes of action that Lions Gate has asserted against him in this action,” the proposed consent judgment reads.

Together both parties inform the court that they’ve reached a confidential settlement. According to the agreement Gillan has accepted financial and other obligations to resolve Lions Gate’s claims, but how much he has to pay is not disclosed.

In addition, Played.to and its operator are prohibited from “hosting, linking to, distributing, reproducing, performing, selling, offering for sale, making available for download, streaming or making any other use of any copy or copies of the Film.”

The proposed judgment only applies to Played.to, the claims against other websites including the torrent search engine Limetorrents.cc remain unsettled.

At the time of writing the Played.to website is still online. The site has lost a lot of traffic in recent months but is still widely used to host videos.

Previously the UK police also arrested several people who allegedly leaked the Expendables 3 movie online, but thus far the true source of the leak remains unknown.

Source: TorrentFreak, for the latest info on copyright, file-sharing, torrent sites and the best VPN services.