Online Cash Bitcoin Could Challenge Governments, Banks

Minimalist · Mar 19, 2018

Twitter plans to ban cryptocurrency ads on its site

Twitter plans to join its rivals in banning advertisements for cryptocurrencies on its site.

The company hasn't announced the ban, but a person familiar with Twitter's plans said it's working on implementing the policy. Sky News earlier reported the decision.
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https://www.cnet.com/news/twitter-plans-to-ban-cryptocurrency-ads-facebook-google/

hawki · Mar 20, 2018

"The NSA Worked to “Track Down” Bitcoin Users, Snowden Documents Reveal..."

https://theintercept.com/2018/03/20...-down-bitcoin-users-snowden-documents-reveal/

JoWazzoo · Mar 20, 2018

NSA === Den of Snakes

Minimalist · Mar 21, 2018

Now That All Bitcoin Miners Are Child Pornographers, How Do You Protect Yourself?

The Bitcoin community is abuzz with the news that at least one image of child pornography, as well as links to child pornography sites on the Dark Web, have been found on the Bitcoin blockchain.

The impact of this news is profound. Because of the fundamental distributed nature of blockchain, every Bitcoin miner has a full copy of the Bitcoin blockchain – including the offending content.
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https://www.forbes.com/sites/jasonb...ild-pornographers-how-do-you-protect-yourself

JoWazzoo · Mar 21, 2018

This should probably lead to a drop in Bitcoin price I would think. Especially once the ramifications are known. If they remove the entry they totally break the chain from that point on. Ouch!

Original research here:

https://fc18.ifca.ai/preproceedings/6.pdf

Mashable has a good article too here:

https://mashable.com/2018/03/21/bitcoin-child-pornography/#zBsckoAUWPq7

JoWazzoo · Mar 21, 2018

Interesting!

https://mashable.com/2018/03/05/uber-cofounder-announces-eco-cryptocurrency/#jAZYSCB60aqI

ECO coin

Home page:

https://eco.com/

White paper:

https://eco.com/eco-design-proposal-v1.pdf

Get yer free coins while you can.

Minimalist · Mar 22, 2018

Internet Society: Cryptocurrency probably not an identity system

Too many cryptocurrency people are trying to force-fit blockchain technology into identity solutions, when ID needs its own solutions.

That's the opinion of Steve Wilson of Lockstep Consulting, who this month co-authored a paper on identity for the Internet Society: Do Blockchains Have Anything to Offer Identity? with Steve Olshansky and contributor Robin Wilton, both of the Internet Society.
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https://www.theregister.co.uk/2018/03/22/internet_society_blockchain_identity/

JoWazzoo · Mar 22, 2018

Edward Snowden: Public Ledger Is Bitcoin's Big Flaw

https://www.coindesk.com/edward-snowden-public-ledger-is-bitcoins-big-flaw/

Minimalist · Mar 24, 2018

IRS Warns Taxpayers To Include Crypto On Income Tax Returns

The US Internal Revenue Service (IRS) released a memo March 23, reminding US citizens of the need to report their digital currency earnings on their income tax returns.

The IRS notes that Notice 2014-21 defines digital currencies as property, and they are thus subject to federal property taxes. Those who fail to report their crypto earnings can be “liable for penalties and interest,” and “in more extreme situations [...] criminal prosecution.”
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https://cointelegraph.com/news/irs-warns-taxpayers-to-include-crypto-on-income-tax-returns

Minimalist · Mar 26, 2018

Crypto exchange moves to the home of online gambling

Just a day after being issued with a warning by the Japanese Financial Services Authority over its lack of registration in the county, the Japanese crypto exchange Binance announced it would close its Tokyo office and set up in Malta.

The jump from Japan to the small Mediterranean nation is a big change in financial culture for the world’s largest cryptocurrency exchange: from the home of prudence and obeisance to a country renowned for money laundering and tax evasion.
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https://bravenewcoin.com/news/crypto-exchange-moves-to-the-home-of-online-gambling/

Minimalist · Mar 26, 2018

Blockchain Turns Pied Piper's Internet Fiction Into Reality

In the hit HBO show Silicon Valley, the fictional startup Pied Piper pivots to create a new Internet that uses a peer-to-peer network built on top of people’s smartphones. The idea effectively cuts out the need for servers in huge data centers run by Amazon, Alphabet’s Google and Microsoft, in what’s become known as cloud computing.

Technologies evolving out of blockchain – a digital ledger of economic transactions that gave us Bitcoin, Ethereum and other digital currencies -- is turning that Internet fiction into reality. A new generation of computing infrastructure startups are threatening to disrupt technology incumbents and could be targeted by them for M&A, according to industry executives and analysts.
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https://www.forbes.com/sites/merger...rns-pied-pipers-internet-fiction-into-reality

Minimalist · Mar 26, 2018

Twitter will start banning cryptocurrency ads tomorrow

Twitter will begin blocking cryptocurrency-related ads tomorrow, the company confirmed in a statement to The Verge. The move follows other social media platforms like Reddit back in 2016, and more recently, Facebook and Google, which have already banned cryptocurrency ads.

“We are committed to ensuring the safety of the Twitter community. As such, we have added a new policy for Twitter Ads relating to cryptocurrency,” the company says. “Under this new policy, the advertisement of Initial Coin Offerings (ICOs) and token sales will be prohibited globally.”
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https://www.theverge.com/2018/3/26/17164426/crypto-twitter-ban-bitcoin-cryptocurrency-ads

ronjor · Mar 27, 2018

Massachusetts regulator blocks ICOs by five firms

March 27, 2018 / 1:28 PM
Elizabeth Dilts, Anna Irrera
NEW YORK (Reuters) - Massachusetts’ top securities regulator has ordered five firms that were allegedly conducting initial coin offerings for cryptocurrencies in the state to halt the sale or offer of their “unregistered securities,” he said on Tuesday.
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Minimalist · Mar 28, 2018

Monero cryptocurrency: Malware’s rising star

Bitcoin gets all the press these days, but there are other cryptocurrencies that keep narrowing the gap in market capitalization. With features aimed at different audiences and tech aimed at fixing various issues discovered in Bitcoin, these up-and-comers are hoping to make an impact.

What’s more amazing is that Bitcoin has managed to hang on to the lead for years now. With all the lessons learned and thousands of alternative currencies seeking market share, the network effect of Bitcoin is starting to lose its halo.
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https://www.welivesecurity.com/2018/03/28/monero-cryptocurrency-malwares-rising-star/

Minimalist · Mar 28, 2018

Tracing stolen bitcoin

Previous attempts to track tainted coins had used either the “poison” or the “haircut” method. Suppose I open a new address and pay into it three stolen bitcoin followed by seven freshly-mined ones. Then under poison, the output is ten stolen bitcoin, while under haircut it’s ten bitcoin that are marked 30% stolen. After thousands of blocks, poison tainting will blacklist millions of addresses, while with haircut the taint gets diffused, so neither is very effective at tracking stolen property. Bitcoin due-diligence services supplant haircut taint tracking with AI/ML, but the results are still not satisfactory.

We discovered that, back in 1816, the High Court had to tackle this problem in Clayton’s case, which involved the assets and liabilities of a bank that had gone bust. The court ruled that money must be tracked through accounts on the basis of first-in, first out (FIFO); the first penny into an account goes to satisfy the first withdrawal, and so on.
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https://www.lightbluetouchpaper.org/2018/03/26/tracing-stolen-bitcoin/

Minimalist · Mar 28, 2018

Breaking the Anonymity in the Cryptocurrency Monero

Researchers have exploited a flaw in the cryptocurrency Monero to break the anonymity of transactions.
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https://www.schneier.com/blog/archives/2018/03/breaking_the_an.html

guest · Mar 29, 2018

81% of Recent ICOs Were Scams, Research Finds
March 29, 2018
https://www.bleepingcomputer.com/ne...ent-of-recent-icos-were-scams-research-finds/

Four out of five initial coin offerings (ICOs) that have taken place in the last year have been classified as scams, according to a recent study by Satis Group, an ICO advisory firm.

ICOs have been the rage of the cryptocurrency world because they allow companies to raise money for various ventures by issuing cryptocurrency tokens that users could buy and later trade on cryptocurrency exchanges.

Only 8% of ICO tokens have ended up on exchanges
According to researchers, 81% of ICO’s were Scams, 6% were classified as Failed, 5% had Gone Dead, and 8% went on to trade on a exchange.
The six ICO categories are detailed below: [...]
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guest · Mar 29, 2018

Reddit No Longer Accepts Bitcoin
March 28, 2018
http://fortune.com/2018/03/28/reddit-no-longer-accepts-bitcoin/

Reddit, one of the most active hubs of Bitcoin enthusiasts, has dropped its support for the cryptocurrency.

The widely read social media site will no longer accept Bitcoin as payment for its Reddit Gold program.

“The upcoming Coinbase change, combined with some bugs around the Bitcoin payment option that were affecting purchases for certain users, led us to remove Bitcoin as a payment option,” said user “emoney04.”

The administrator went on to say Reddit planned to watch the progression of the new Coinbase Commerce platform before deciding if it would once again allow the use of cryptocurrencies.
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Minimalist · Mar 31, 2018

South Korea: Insurance Company Denies Hacked Crypto Exchange’s Damages Claim

Yapian Corp., the operator of twice-hacked crypto exchange Youbit, has been denied their insurance claim of $2.8 mln for last December’s hack of an alleged 17 percent of their assets, the Wall Street Journal reported March 29.

The mid-December security breach of South Korean Bitcoin (BTC) exchange Youbit led the company to file for bankruptcy, with 75 percent of customers’ holdings available for withdrawal and the rest on hold until the end of the bankruptcy proceedings. The hack has been attributed to North Korean hackers, along with several other hacks of South Korean crypto exchanges. Youbit, which formerly went by the name Yapizon, was also hacked in April of last year.
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https://cointelegraph.com/news/sout...-denies-hacked-crypto-exchanges-damages-claim

Minimalist · Mar 31, 2018

Major Russian Bank Looks To Pilot Crypto Transactions In Switzerland

Major Russian state-owned bank Gazprombank will be conducting pilot cryptocurrency transactions in Switzerland, local news outlet Vedomosti reported March 29.

According to Aleksandr Sobol, the Deputy Chairman of the Board at Gazprombank, Switzerland was chosen due to the more liberal crypto legislation in the country.
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https://cointelegraph.com/news/major-russian-bank-looks-to-pilot-crypto-transactions-in-switzerland

Minimalist · Apr 1, 2018

New York law firm launches crypto litigation tracker

The life-cycle of blockchain startups is fraught with legal uncertainty and their volatility makes them particularly prone to claims for compensation both in and outside of the courts. As this new frontier of investing keeps expanding, litigation monitoring could be a useful metric for investors when doing due diligence on crypto assets and used as part of a screening process.

Investors may be assisted, in that regard, by the “MoCo cryptocurrency litigation tracker”, recently unveiled by New York law firm Morrison Cohen (who specialize in cryptocurrency and blockchain litigation). According to the tracker (which is regularly updated), there are currently 63 ongoing cases in the US, and 24 of those are class action or other private litigation.
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https://bravenewcoin.com/news/new-york-law-firm-launches-crypto-litigation-tracker/

Minimalist · Apr 1, 2018

Is Crypto Space Fated to Become Another Dotcom Bubble?

The cryptocurrency craze over the past year saw the prices of crypto tokens rise to tens of thousands of times their original values. And Bitcoin wasn’t the only token to reach its all-time high. Even the prices of altcoins like Ethereum, Cardano, Ripple, Stellar, and NEO were all buoyed to new heights by the increased demand from investors seeking to take a piece of the action. The cryptocurrency market hit a peak of total capitalization of nearly $800 billion in January earlier this year.

The market’s meteoric rise had many, especially those from traditional investing, calling the phenomenon a “bubble.” Since people try to make sense of new events using the past, the crypto space has been commonly viewed through the lens of the “dotcom crash” in the late 1990s- the early 2000s. Hundreds of companies met their ends in the aftermath of the so-called “dotcom bubble.”

So, is the crypto space headed down a similar path?
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https://cointelegraph.com/news/is-crypto-space-fated-to-become-another-dotcom-bubble

ronjor · Apr 1, 2018

How to sell Bitcoins

Jon Martindale @jonwhoopty Posted on 4.1.18
Afraid that Bitcoin could be a bubble? Here's how to sell what you've got
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ronjor · Apr 2, 2018

SEC Halts Mayweather-Endorsed ICO, Charges Founders With Fraud

Nikhilesh De Apr 2, 2018
The U.S. Securities and Exchange Commission has halted an initial coin offering and charged its founders with "orchestrating a fraudulent initial coin offering," the regulator said Monday night.
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Minimalist · Apr 3, 2018

Using biometrics to protect crypto currency

The rise of crypto currency is something that investors have monitored closely. Whether Bitcoin, Zcash or Ripple, the rise of this digital currency is here to stay. With this boom of crypto currencies and blockchains for asset holdings, currency exchange, retail purchases, and even our digital identity documents, companies will need to require the highest possible authentication and authorization technologies with rock-solid key recovery methods due to recent heists which have rocked the market.
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https://www.helpnetsecurity.com/2018/04/03/protect-crypto-currency-biometrics/

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