Bitcoin IPO: Winklevoss Twins File For $20 Million IPO

Trending In Our News Feeds Egyptian army gives ultimatum to President Morsi. The Egyptian army issued a 48-hour ultimatum to President Mohamed Morsi on Monday, in a move that encouraged the 14 million protesters demanding a new government. General Abdel Fattah al-Sisi said in a statement the army would create a “road map” to democratically guide Egypt if Morsi does not cooperate with protesters. Morsi’s administration worried the army’s demand would “cause confusion in the complex national environment.” International leaders have also begun pressuring Morsi to engage with protesters. The UN human rights office told Morsi to enter into a “serious national dialogue,” and President Obama encouraged Morsi to respond to the protests. The New York Times has a great profile of the millennial activists who started the Tarod protest movement.
 
Snowden accuses Obama of political bullying. NSA leaker Edward Snowden issued a statement via WikiLeaks yesterday, breaking eight days of silence since he arrived in Russia. Snowden accuses President Obama of using political tactics to silence whistleblowers. Here are some of the most important quotes from the statement:
 
On the tactics used by the Obama administration: “These are the old, bad tools of political aggression. Their purpose is to frighten, not me, but those who would come after me.”
 
On the power of an informed public: “In the end the Obama administration is not afraid of whistleblowers like me, Bradley Manning or Thomas Drake. We are stateless, imprisoned, or powerless. No, the Obama administration is afraid of you. It is afraid of an informed, angry public demanding the constitutional government it was promised — and it should be.”
 
Meanwhile, Snowden continues to search for a country that will grant him asylum. The BBC reports Snowden submitted requests to 21 countries, but has already been denied by 10. Snowden withdrew his request from Russia after Putin said he would have to stop leaking U.S. intelligence.
 
Serena Williams suffers upset at Wimbledon. World number one Serena Williams lost a three-set match to 23 seed Sabine Lisicki on Monday, continuing the trend of upsets at the Wimbledon tennis tournament. Lisicki fell to the grass after beating Williams, who was riding a 34-match winning streak. The upset isn’t quite as shocking as many are making it out to be: Lisicki made a run to the Wimbledon semi-finals in 2011. Earlier in the week, Roger Federer and Rafael Nadal suffered surprise upsets in the men’s draw. You can watch highlights from Lisicki’s win over Williams here. She was so happy in her post-match interview she couldn’t stop tearing up.
 
Firefox launches new mobile operating system. Cellphone company Telefonica will begin selling phones using Mozilla’s new open source operating system in Spain today, marking the beginning of Mozilla’s efforts to break Apple and Google’s monopoly in the smartphone market. The system is available on the $90 ZTE Open phone. A Telefonica employee says Mozilla’s OS offers a simpler alternative to Google’s Android software. CNet has pictures of the new phone.
 
Must Reads From PolicyMicCongress Just Gave Millennials the Middle Finger On Student Loans (Uchechi Kalu, @chechkalu) – As usual, our elected officials could not reach a bipartisan solution on our behalf. And as usual, millennials will pay a heavy price for political incompetence.
[18 Mics, 101 Comments, 84 Shares]
 
Most Americans Commit Three Felonies a Day – This is What Happens If They Get Caught (Sean McElwee, @SeanMcElwee) – The United States prison system is a blight on the country’s reputation. What does America’s incredibly high incarceration rate tell us about the U.S.?
[8 Mics, 24 Comments, 192 Shares]
 
No One Will Hire Me, But I'm More Optimistic Than Ever (Marjorie Romeyn-Sanabria, @buddingscholar1) –  Rejection is tough, but millennials have to keep their chins up. I’ve spent the past year looking for the job I deserve, and I’m not going to give up.
[6 Mics, 3 Comments, 10 Shares]
 
4 Candidates Who Could Take Mohamed Morsi’s Place (Phil Kuck, @phillipkuck) – It is still unclear whether or not Mohamed Morsi will fall. But if he does, who could replace him?
[4 Mics, 13 Comments, 22 Shares]
 
What It’s Like Being in Africa When President Obama Visits (Diptesh Soni) – The president's visit to Africa has generated plenty of excitement, but if President Obama ventured further into the country, he’d find a continent in need of much more than just democracy.
[4 Mics, 2 Comments, 2 Shares]
 
What We’re SharingJeb Bush: “[Immigration reform] is a tall order. But it is one to which House Republicans should respond.”
 
Is there any way Obama can save his second term? (New Republic)
 
Get a rare look into what it’s like to be held hostage by the Taliban (BBC).
 
This is everything you need to know about the student loan fight (Washington Post).
 
The true story behind the massive gambling ring the government wants to shut down (NY Mag).
 
Find out what goes into your morning cup of coffee (Wired).
 
Meet the man who turned his ears into a set of headphones (Venture Beat).

The Winklevoss Twins have big plans for bitcoin (NY Times).


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