Mycelium's Entropy To Begin Shipping

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Mycelium has announced that their frauduct known as Entropy will begin shipping out to customers as of this coming Monday. Mycelium's Entropy, which was Indiegogo'd to the tune of $31,271 back in June through August last year, was originally slated to ship in October of 2014 but was delayed due to manufacturing issues as well as a decision to change the design of the case.

Sold under the pretence of being the safest way to generate a paper wallet, pre-orders for the first batch of units quickly sold out. The Indiegogo page for Entropy describes the unit as: Continue reading →

Latest Ransomware Targets Game Files & Related Applications

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Bromium Labs reports that a new variant of CryptoLocker has been spotted and that it is designed so as to specifically target gamers rather than taking the broad approach previously seen in earlier versions of 'the popular to edit so as to make your own' ransomware.

The latest variant reportedly targets 185 file extensions including ones associated with popular online games such as World of Warcraft, League of Legends, Starcraft 2 and Day Z. Additionally, the ransomware seeks out file extensions associated with programs such as Unity 3D in what is likely to be an assumption by the malware creator that these files are valued much more so by its owner than that of saved game files. Continue reading →

Winner Of 27K Bitcoins Purchased At USMS Auction Revealed

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To date, the United States Marshal Service has allegedly held three auctions for a portion of the 144,000 bitcoins confiscated in the wake of the October 2013 Silk Road bust. These auctions are claimed by Qntra to have allegedly occurred due to the continued refusal by the USG to respond to FOIA requests for further information on the alleged winners of the Bitcoin auctions. To that end, Qntra conducted and has now concluded its own investigation into the identity of the winner of the largest sum of bitcoins in the auction held by the USMS on the 5th of March 2015. That person's identity can now be revealed as real estate advisor, property manager, investor and entrepreneur Larry Dean Silvey. Continue reading →

Blythe Masters To Head Wall Street Invasion

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In what seems like a Wall Street invasion of Bitcoin, it was announced today Blythe Masters of precious metal price suppression infamy has accepted the position of Chief Executive of Digital Asset Holdings LLC. The company will build software to build a platform for trading "digitized versions of traditional financial intruments" such as CDOs or Options.

The Wall Street Journal which detailed the announcement in a recent article quoted Masters: Continue reading →

Czech Ministry Fingers Heist Suspect

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Czech Republic based Bitcoin exchange Bitcash.cz was allegedly hacked on November 11, 2013 and approximately 4000 bitcoins were stolen. The operator or operators almost succeeded in their efforts to remain anonymous with impunity, were it not for disgruntled users that named some suspected perpetrators in online forums. According to the 2014 yearly report of the analytics departmentt of the Czech Ministry of Finance, one of the named persons opened new bank account (in a Czech bank) and immediately transferred to there non-trivial amounts from an EU Bitcoin exchange, thus prompting a closer look from the Department. It concluded with a money laundering criminal complaint, which is currently waiting for court proceedings.

Mystery Startup Allegedly Raises Funds

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A "stealth" startup, 21 Inc. is being reported to have allegedly raised 116 million United States dollars. The founder supposes the venture will do something to trigger mainstream Bitcoin adoption. A glance at their job advertisements (archived) suggests that this might just be another cloud mining venture as they appear to be looking for an "ASIC Design Engineer" and other hardware related positions.

Windows 'Stuxnet' Patch Left Vulnerability Open

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Five years after Microsoft issued a patch (archived) to "close" the vulnerability that allowed the Stuxnet virus to propagate, Microsoft today issued another patch which purports to finish closing that same vulnerability. Reportedly rather than actually resolving the vulnerability the patch issued in 2010 merely increased the difficulty threshold for exploiting the open vulnerability. Continue reading →

Alleged USMS Auction Winner Leaves Eldritch Message

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Reuters reports that an auction for 50,000 BTC held last week by the USMS was allegedly won by three bidders who each took home 27,000, 20,000 and 3,000 BTC respectively. Spokesman for the USMS Lynzey Donahue confirmed with Reuters via email that the transfer of the coins is complete, but did not specify who the winners are. The distribution of the 50,000 BTC believed to have been purchased at auction is as follows: Continue reading →