With the ninth adjustment in the Bitcoin mining difficulty for 2015, the difficulty has increased to 47,643,398,018. Today's adjustment represents a minor increase of 0.07% over April 19th's difficulty of 47,610,564,513. The global hash rate as of today's change stands at 341,044,727 GH/s and approximately 64 weeks and three days remain until the next reward halving occurs.
American Green Deploys Two Bitcoin Capable Vending Machines
This week the American Green company reports that they will be deploying two marijuana vending machines to different California cannabis dispensaries. The two model ZaZZZ vending machines will each possess their own Bitcoin wallets, which American Green plans to open for Bitcoin purchases by the end of the week. Bitcoin will be available as an alternative to the other more traditional fiat payment methods the machines will accept. Like the extant Bitcoin ATMs these vending machines are configured to enforce extensive customer validation and regulatory enforcement. These first two machines are being placed in California dispensaries where marijuana is controlled under a "medical" regulatory regime.
Deep Web Marketplace Go-Betweener Faces 20 Years Jail
Having previously plead not guilty to charges related to the arbitrage of drugs purchased via the deep web and sold to IRL customers, 23 year old Joseph Patrick Gelli of Lexington, South Carolina last week plead guilty to a charge of conspiracy to commit money laundering.
Count 12, to which Gelli plead guilty, states that between June 2013 through to July 2014 Gelli purchased bitcoin from Coinbase in order to facilitate the purchase of drugs via an unnamed deep web marketplace so that it could later be onsold for a profit. Continue reading
Qntra (S.QNTR) April 2015 Statement
BitGo Files MultiSig Patent Application Joining Other Bitcoin Patent Parasites
An application has been filed (local mirror) with the United States Patent and Trademark office by Bitgo Inc. of San Francisco which if accepted would assign patent rights over the process behind Bitcoin multiple signature addresses to BitGo. Titled "Virtual Currency Address Security" the application lists Michael A. Belshe and Joseph William Lee as inventors of the technology. A proof of concept implementation of multi signature addresses was incorporated into the BitcoinJS library in November of 2013. Continue reading
Google Password Alert Already Subverted
This week Google released a browser extension designed to warn users when they enter their Google password on any page that is not controlled by Google, and this piece of security theater has already been subverted. Researcher Paul Moore has already created of Proof of Concept (Not a Google Login Page) which subverts the browser extension using a few lines of Javascript. The snippet of Javascript in question is below:
<!-- BYPASS GOOGLE'S PASSWORD ALERT "PROTECTION" -->
<script type="text/javascript">
setInterval(function() {
if(document.getElementById("warning_banner")) {
document.getElementById("warning_banner").remove();
}
}, 5);
Tsinghua University Creates a "Digital Assets Research Initiative"
Following on the heels of the announcement that the Vessenes Foundation's developers have moved to MIT, a press release is circulating with claims that Tsinghua University in cooperation with Chinese fiat/Bitcoin interface Huobi are starting a "Digital Asset Research Initiative."
Warrick County Prosecutor's Office Cover Up Ransomware Infection
Prosecutor for Warrick County Michael J. Perry last week released a public statement claiming that shortly after taking office, he became aware of the fact that the ransomware known as cryptolocker had infected computers belonging to the Prosecutor's Office but that the security breach had been covered up by a Ms JoAnn Krantz, the elected Prosecutor at the time of the infection. Ms Krantz is also alleged to have directed employees of the Warrick County Prosecutor's Office not to discuss the ransom demands paid in bitcoin with anyone, telling her staff by email that: Continue reading
More Trouble For Bryan Micon
Bluff Magazine reports (archive) that Bryan Micon of the defunct poker website Seals with Clubs was charged Monday with operating an unlicensed interactive gaming system for his part in the operation of SwC. The charge comes two months after operational security concerns forced the original SwC poker site offline citing operation security concerns by way of the Nevada Gaming Commission and their thugs who took a sledge hammer to Micon's front door. Continue reading
Prosecution Shenanigans Continue as Ulbricht Sentencing Approaches
As the scheduled May 15th sentencing for Ross Ulbricht approaches Preet Bharara's office is once again engaging in brinkmanship and shenanigans aimed at subverting actual applications of justice. At the sentencing hearing the prosecution plans to present new evidence, which apparently wasn't good enough for the trial, that supposedly links six overdose deaths to drugs allegedly purchased on the Silk Road. Ulbricht's attorney Josh Dratel has requested the sentencing be delayed another month to prepare a response to the government's latest assertion. Continue reading