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Submission Summary: 0 pending, 2 declined, 2 accepted (4 total, 50.00% accepted)

Submission + - Bifloor suspends trading in Bitcoin indefinetely (bitfloor.com)

Submitted by PerformanceDude
PerformanceDude writes: Bitfloor (a New York based online exchange for Bitcoin) has just made the following announcement on their website:

I am sorry to announce that due to circumstances outside of our control BitFloor must cease all trading operations indefinitely. Unfortunately, our US bank account is scheduled to be closed and we can no longer provide the same level of USD deposits and withdrawals as we have in the past. As such, I have made the decision to halt operations and return all funds.

Over the next days we will be working with all clients to ensure that everyone receives their funds. Please be patient as we process your request.

- Roman
  founder — bitfloor.com

Submission + - UK law body targets RIAA style settlement letters (theregister.co.uk)

Submitted by PerformanceDude
PerformanceDude writes: The Register reports that a major UK law firm knew it sometimes had no reliable evidence of unlawful filesharing when it demanded hundreds of pounds damages from internet users, according to the solicitors' watchdog.

London-based Davenport Lyons threatened thousands of people with legal action for alleged copyright infringement between 2006 and 2009. They were told that by quickly paying around £500 damages, plus costs, they could avoid court.

Following complaints to the Solicitors Regulation Authority (SRA), Davenport Lyons now stands accused of deliberately ignoring concerns over the standard of its evidence.

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