Founder of Liberty Reserve virtual currency sentenced to 20 years in prison

The founder of now defunct virtual currency Liberty Reserve has been sentenced to 20 years in prison for using his company to run a huge money-laundering scheme catering to cybercriminals.

Arthur Budovsky, 42, was sentenced Friday in U.S. District Court for the Southern District of New York. Judge Denise Cote also ordering him to pay a $ 500,000 fine.

In January, Budovsky pleaded guilty to one count of conspiring to commit money laundering.  During sentencing, Cote noted Budovsky ran an “extraordinarily successful” and “large-scale international money laundering operation.”

The long sentence shows that “money laundering through the use of virtual currencies is still money laundering, and that online crime is still crime,” Leslie Caldwell, assistant attorney general for the U.S. Department of Justice’s Criminal Division, said in a press release.

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Get ready to watch all your favorite TV shows in virtual reality

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Hulu and Netflix are jumping on the virtual reality train. All aboard, early adopters.

Both streaming video services will soon offer virtual reality apps that let users explore content and watch what they want in 3D virtual spaces. Netflix is up first, with an app launching in the Gear VR store on Thursday, just hours after it was announced on stage at Oculus Connect.

While the video itself plays inside the headset on a virtual screen — banish all hopes of stepping into your favorite TV show or movie, at least for now — the app’s browsing interface is an interactive “Netflix Living Room.” This is a valuable feather in Netflix’s cap, marking the “first” subscription video app for VR and yet another platform for the ubiquitous service. Read more…

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Get ready to watch all your favorite TV shows in virtual reality

Netflix-living-room

Feed-twFeed-fb

Hulu and Netflix are jumping on the virtual reality train. All aboard, early adopters.

Both streaming video services will soon offer virtual reality apps that let users explore content and watch what they want in 3D virtual spaces. Netflix is up first, with an app launching in the Gear VR store on Thursday, just hours after it was announced on stage at Oculus Connect.

While the video itself plays inside the headset on a virtual screen — banish all hopes of stepping into your favorite TV show or movie, at least for now — the app’s browsing interface is an interactive “Netflix Living Room.” This is a valuable feather in Netflix’s cap, marking the “first” subscription video app for VR and yet another platform for the ubiquitous service. Read more…

More about Entertainment, Gaming, Netflix, Hulu, and Television


All articles

Get ready to watch all your favorite TV shows in virtual reality

Netflix-living-room

Feed-twFeed-fb

Hulu and Netflix are jumping on the virtual reality train. All aboard, early adopters.

Both streaming video services will soon offer virtual reality apps that let users explore content and watch what they want in 3D virtual spaces. Netflix is up first, with an app launching in the Gear VR store on Thursday, just hours after it was announced on stage at Oculus Connect.

While the video itself plays inside the headset on a virtual screen — banish all hopes of stepping into your favorite TV show or movie, at least for now — the app’s browsing interface is an interactive “Netflix Living Room.” This is a valuable feather in Netflix’s cap, marking the “first” subscription video app for VR and yet another platform for the ubiquitous service. Read more…

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You’ll see the Democratic presidential debates in virtual reality, thanks to CNN

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CNN is offering you a front-row ticket to look around the studio during its upcoming Democratic presidential debate, and you won’t even have to leave your couch.

All you need is a Samsung phone and a slightly goofy-looking virtual reality headset

If you can bear to look like you’re living in the Matrix, CNN is going to be offering a virtual reality livestream of “>its upcoming debate on October 13 in Las Vegas

It will be the first major live media event to receive the VR treatment.

“You can, through this helmet, get an absolutely first-row-seat experience of being at this debate,” said Jason Farkas, the executive producer at CNN Money who is spearheading the project. Read more…

More about Cnn, Virtual Reality, Business, Media, and 2016 Election


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You’ll be see the Democratic presidential debates in virtual reality, thanks to CNN

Clinton-33

Feed-twFeed-fb

CNN is offering you a front-row ticket to look around the studio during its upcoming Democratic presidential debate, and you won’t even have to leave your couch.

All you need is a Samsung phone and a slightly goofy-looking virtual reality headset

If you can bear to look like you’re living in the Matrix, CNN is going to be offering a virtual reality livestream of “>its upcoming debate on October 13 in Las Vegas

It will be the first major live media event to receive the VR treatment.

“You can, through this helmet, get an absolutely first-row-seat experience of being at this debate,” said Jason Farkas, the executive producer at CNN Money who is spearheading the project. Read more…

More about Cnn, Virtual Reality, Business, Media, and 2016 Election


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