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Kotaku: Sources: Microsoft is planning a cheaper, smaller Xbox One for E3 and a more powerful model in 2017; possible partnership with Oculus in the works  —  Microsoft is preparing at least two new Xbox models for release in the next two years, sources tell Kotaku.

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Tom Warren / The Verge: Report: Microsoft to announce a basic Chromecast-like Xbox streaming device and a more advanced option at E3  —  Microsoft is said to be planning to unveil new Xbox streaming devices at E3 next month.  The software giant has been considering an “Xbox TV” device for at least three years …

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Paul Mozur / New York Times: Alibaba says its accounting practices are under investigation by the SEC  —  HONG KONG — The Alibaba Group, the Chinese e-commerce giant, said it was under investigation by United States securities regulators over whether its accounting practices had violated federal securities laws.

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Jon Russell / TechCrunch: Xiaomi launches Mi Drone with 360-degree camera for 4K video, in China for $450  —  Chinese smartphone maker Xiaomi officially unveiled its first drone today, ending a week of teasers about it, and the low price of the product might bring some serious competition to the space.

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Fred Ehrsam / Coinbase: Coinbase cofounder: Etherium app development outpacing Bitcoin due to better programming languages, robust developer community, and a focused leadership  —  We have sat here for the last 3 years seeing only infrastructure apps like wallets and exchanges emerge on top of Bitcoin.  Why is that?

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Karl Bode / Techdirt: Reddit, Automattic, Medium, Vimeo, Kickstarter, Foursquare, Mozilla, Yelp, Pinterest, and others urge FCC to formally evaluate broadband caps and zero rating  —  We've noted how the FCC's latest net neutrality rules do a lot of things right, but they failed to seriously address zero rating …

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David Carnoy / CNET: OtterBox's uniVERSE case works with over a dozen accessory modules such as memory expansion, battery packs, speakers, more, costs $50 for iPhone 6/6s version  —  OtterBox has partnered with a number of accessory makers to create a new platform for iPhone accessories.  CNET goes hands-on with it.

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Ben Popper / The Verge: Spotify's Discover Weekly reaches 40 million users and 5 billion tracks streamed  —  Every Monday morning, a freshly created selection of around 30 tracks arrives for each of Spotify's more than 100 million users.  The offering is called Discover Weekly, and it has cracked the code …

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Mark Scott / New York Times: EU proposes new rules to protect minors, combat hate speech, and mandate that video streaming services have 20% European content  —  How do you say “House of Cards” in French?  Under new European proposals, you may soon find out.  —  That's because European officials announced on Wednesday …

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Ingrid Lunden / TechCrunch: Microsoft is laying off 1,850 to “streamline” its smartphone business, takes $950M charge  —  Following last week's news of Microsoft selling off its feature phone business for $350 million, today Microsoft turned its attention to smartphones: the company announced it would lay off 1,850 staff …

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Billy Steele / Engadget: LG G5's VR headset, 360 camera and other accessories hit the US  —  When LG announced its modular G5 phone last month, it also revealed a line of “Friends” companion devices to go along with it (See what it did there?).  Included in the lineup are the 360 VR headset, 360 Cam …

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Eric Zeman / InformationWeek: Samsung and SK Telecom partner to deploy LoRaWAN-based IoT-dedicated wireless network in South Korea by midyear  —  Samsung and SK Telecom have partnered up to create what they say will be the world's first network specifically for the Internet of Things.  —  Samsung Tuesday said it is working …

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Biz Carson / Business Insider: Victorious, a startup that makes apps for online communities of superfans, raises $25M with existing investors Kleiner Perkins, Redpoint Ventures participating  —  When 20th Century Fox paid to take over Snapchat's filters before the release of the movie “X-Men: Apocalypse,” …

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Devindra Hardawar / Engadget: E Ink develops Advanced Color ePaper, an EPD display that shows up to 32K colors, for digital signage  —  There's a small glimmer of hope for the seemingly doomed dream of color electronic paper.  E Ink, which helped pioneer ePaper by providing the technology for Amazon's Kindle …

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Forbes: Sources: Peter Thiel has played a lead role in bankrolling Hulk Hogan's lawsuits against Gawker Media  —  One of Silicon Valley's best-known investors has been footing a former wrestler's legal bills in lawsuits against a shared enemy.  —  Peter Thiel, a PayPal cofounder and one of the earliest backers …

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Chris Welch / The Verge: Google confirms the Nexus Player has been discontinued  —  Google has ceased direct sales of its Nexus Player set-top box.  The hockey puck-shaped device, manufactured by Asus, has been unavailable from major third-party retailers like Best Buy for months.  And after a brief Google Store restock …

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Christina Mulligan / SD Times: Atlassian launches Bitbucket Pipelines for continuous delivery inside Bitbucket, releases iOS apps for Confluence and JIRA, will end Bamboo Cloud on Jan. 31  —  Atlassian wants to help development teams work faster while staying connected.  The company has introduced new product advancements …

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Alex Heath / Tech Insider: Foursquare releases Marsbot, an app that offers personalized and location-based tips on where to eat and drink before you ask  —  Foursquare is dipping its toes into the world of bots.  —  The location discovery company has a new app called Marsbot, which bills itself as …

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Jacob Pramuk / CNBC: HP Enterprise announces spinoff of its enterprise services unit, which will merge with CSC, meets Q2 expectations with $12.71B in sales; stock up 8%+  —  Hewlett Packard Enterprise on Tuesday reported earnings that met Wall Street's expectations and announced a spin-off of its enterprise services unit …

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Amir Efrati / The Information: Source: Apple's Siri getting third-party apps, preparing a Siri SDK for release at WWDC, and the company is developing an Amazon Echo rival  —  Apple is upping its game in the field of intelligent assistants.  After years of internal debate and discussion about how to do so …

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Portia Crowe / Business Insider: Sources: enterprise security company Blue Coat is expected to make its IPO filing public as soon as next week  —  Blue Coat Systems, the security-software company taken private six years ago, is close to kicking off an initial public offering, according to people familiar with the matter.

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Eric Newcomer / Bloomberg: Toyota to make strategic investment in Uber and team up on auto leasing program  —  Toyota Motor Corp. said it is making a strategic investment in Uber Technologies Inc. and will offer auto leases to the ride-hailing company's drivers.  —  Uber declined to disclose the size of the investment.

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Andrew Webster / The Verge: Rocket League is the first game to support cross-network play between Xbox One and PC  —  If you play soccer-meets-cars game Rocket League on Xbox One, your pool of opponents is about to get a lot bigger.  —  Today developer Psyonix is releasing an update for the Xbox version of the game …

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Joseph Menn / Reuters: Jon Callas, co-founder of Silent Circle, Blackphone, PGP Corp, was re-hired by Apple in May  —  Apple Inc (AAPL.O), which has resisted pressure from U.S. law enforcement to unlock encrypted iPhones, this month rehired a top expert in practical cryptography to bring more powerful security features to a wide range of consumer products.

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Josh Constine / TechCrunch: Facebook now using its own machine learning system instead of Bing for translations, and now supports 40 languages  —  Machine learning is accomplishing Facebook's mission of connecting the world across language barriers.  Facebook is now serving 2 billion text translations per day.

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