Federal Agent Sells Firearms Via Darknet Market

Patch.com reports the arrest of a Massachusetts man who sought to purchase a firearm and silencer from a darknet market website. Unfortunately for 21 year old felon Justin Moreira, the Walther PPK he ordered was sold to him by none other than a federal agent masquerading as a legitimate arms dealer.

Moreira is believed to have paid USD $2,500 in bitcoin for the firearm and silencer which was then shipped by federal agents to a post office box in Hyannis, MA. Upon Moreira retrieving the package, federal agents moved in to arrest the young man. Continue reading

Subpoena Requests Data On /r/DarkNetMarkets Users

Wired reports that earlier this month, a Baltimore ICE agent subpoenaed Reddit for the personal data of five users who frequent the subreddit /r/DarkNetMarkets. Requested information included names, IP addresses, the dates and times that they accessed Reddit, phone numbers as well as any financial information. The five users mentioned in the subpoena include NSWGreat, evosmith, Z-L, GWERN and DEEPTHROAT_. Continue reading

Mycelium Entropy Devices Possibly Tampered With During Transit

Mycelium customers who only recently began to receive their Entropy device after lengthy delays are now facing the real possibility that their devices have been tampered with en route to its destination after one customer from Canada and another from Japan claimed their packages were opened prior to delivery.

Canadian Redditor literarydevice made the following comments and shared the following pictures via imgur: Continue reading

Bitcoin Floundation Moves To Dilute The Bitcoin Brand

Not content with the goal of bloating the blockchain with its proposed increase of the block size limit, the Bitcoin Floundation has now moved to assist in diluting the Bitcoin brand, the very brand which they claim to represent, by allowing so-called guest bloggers to promote alternative coins on its blog under the banner of mainstream adoption.

Authored by Vogogo's Head of Marketing and Creative Chantel Meeley, the article implies that due to the large number of coins available, a new brand which is inclusive of all coins is required if mainstream adoption is to occur. To that end, Vogogo have teamed up with the infamous altcoin exchange Crypsty to promote BrandMeCrypto's logo competition in which the winner will be awarded $10,000. Continue reading

Hong Kong Says No To Regulation Of Bitcoin (For Now)

Amid calls for the regulation of Bitcoin in the aftermath of the MyCoin debacle, Reuters reports that the Hong Kong government has rebuffed requests for new legislation aimed at curtailing the use of Bitcoin because it is unlikely to have a significant impact on the Hong Kong financial system.

Responding to questions asked in the Legislative Council, Professor KC Chan of the Financial Services and the Treasury Bureau said that bitcoin is not legal tender, that the price is volatile and that its use as a medium of exchange in Hong Kong is negligible. For these reasons, Professor KC Chan believes there is no need for the government to consider the introduction of new legislation to regulate or prohibit Bitcoin at this time. Continue reading

Pogoplug & ODROID-C1 To Do Battle

In what is an obvious response to the crates of pogoplug based Bitcoin nodes that will soon begin to power the network and the hard fork missile crisis, the scam foundation sponsored Bitnodes has announced its intention to follow suit in distributing a plug and play node. While not yet available to purchase, Bitnodes is soliciting contact information for its ODROID-C1 based node which they claim will begin shipping mid 2015. Continue reading

Four New Jersey Schools Infected By Ransomware

NJ.com reports that four schools within the Swedesboro-Woolwich district were forced to suspend PARCC examinations last week after ransomware infected numerous computers at each school. Mistaking the shotgun approach as taken by ransomware authors for that of a targeted attack on the school by hackers, tech support for the district schools opted to work throughout the weekend so as to restore services and avoid paying a $500 ransom made payable in bitcoin. Continue reading

Bitcoin Mining Difficulty Decreases For Second Time This Year

With what is the sixth adjustment in the Bitcoin mining difficulty for 2015, the difficulty has decreased to 46,717,549,645. This is a reduction of -1.50% over March 8th's all time high of 47,427,554,951. The hash rate as today's change stands at 334,417,246 GH/s.

Today's change also marks the 2nd time that the difficulty has adjusted downwards during 2015. For the sake of comparison, the mining difficulty only decreased twice last year. Despite this, 2015's hash rate has remained above levels seen throughout 2014.