Kim Dotcom set to bring Megaupload back online

Megaupload to be back online

“Quick update on the new Mega: Code 90% done. Servers on the way. Lawyers, Partners & Investors ready. Be patient. It’s coming.”

This tweet coming from Kim Dotcom, founder of Megaupload, took the fans of his once famous site by surprise.

Dotcom was arrested overseas on request by American authorities who want to sue him for copyright fraud. As soon as he was caught, his site was immediately shut down thus, ending the reign of one of the most popular file sharing sites on the Web.

Or so we thought.

Dotcom has been teasing us with the return of Megaupload. And that tweet above surely has caused ruckus not only for fans of Megaupload but also for authorities who want to shut him down once again.

According to Dotcom in an interview with TorrentFreak a year ago, “, a site that will soon allow artists to sell their creations direct to consumers and allowing artists to keep 90% of earnings.”

The famous founder has been very active in micro-blogging site Twitter recently. He has been teasing us with clues as to when his site will be back.

Kim Dotcom is not only popular due to Megaupload but also his lavish lifestyle. The partying founder has posed for photographs together with scantily clad ladies and has paid for expensive fireworks display.

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PayPal issues tougher measures to file-sharing sites

According to TorrentFreak, PayPal has imposed stricter conditions when it comes to dealing with online file-sharing sites. The company which cut their ties with Wikileaks in 2010, changed their terms of service agreement enabling them to make stringent requirements for these types of websites.

According to the report PayPal now requires that “merchants must prohibit users from uploading files involving illegal content and indicate that users involved in such file transfers will be permanently removed from the service,” and “merchants must provide PayPal with free access to their service, so PayPal’s Acceptable Use Policy department can monitor the content.”

PayPal, which is owned by eBay, has received a lot of backlash from file-sharing sites.

According to Pulocker, “This is a complete invasion of privacy on PayPal’s part, as it’s none of their business what files users keep in their account. We have a solid abuse handling policy already, and we don’t feel a third party company has any business snooping on our users.”

PayPal is only one of the many payment service providers that you can use to transfer funds for payment. But it is a convenient way to pay for your subscription or purchases, PayPal to WebMoney transfers are increasingly popular, we expect to see more and more alternatives.

Will PayPal see a decrease in their customers due to their stricter policy?

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