Category Archives: Fiat/BTC interfaces

Mining Rig Heist In Iceland: Arrests Made But No Material Recovered

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Reports are emerging that allege 600 Bitcoin mining rigs and other supporting materials were stolen from a data center in Iceland between December 2017 and January 2018 (archived). No materials have been recovered and out of 11 arrests related to the investigation, local police are only keeping two suspects in custody.

Favorable electricity prices in Iceland have set the island up to be one of the first regions where power consumption for Bitcoin mining exceeds power consumption for other purposes.

Chicoms Set To Lift Presidential Term Limits, Attempt To Putinize Xi Jinping

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Reports are emerging that the Communist Party of China is set to remove lines from their constitution which limited Presidents to two consecutive terms at their upcoming Chicom party congress (archive). This move appears to be a step in the direction of the Chicoms committing to 64 year old General Secretary and President Xi Jinping for the rest of his natural or unnatural life.

US Customs And Border Patrol Allegedly Has Never Been Able To Check Signatures On Passport RFID Data

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Thirteen years after introducing RFID implanted passports and applying pressure to compel their adoption, allegations are emerging that the US Customs and Border Patrol service has never implemented a means for checking digital signatures on the information contained in the passport RFID chips (archived).

Buttfunder Founder Montroll Arrested

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The U.S. Department of [in]Justice has arrested the founder of BitFunder, Jon Montroll (WOT:nonperson) – better known as Ukyo – in response to an investigation by The FBI and the Securities and Exchange Commission. BitFunder was an early Bitcoin "securities exchange" that saw around 6000 BTC liberated from it's coffers due to a bug that allowed attackers to credit themselves funds among other lulz. The announcement on the Department of [in]Justice website alleges that Montroll lied to SEC investigators in 2013 when questioned in regards to company finances after the hack, while depositing some of his own coins to BitFund in an effort to conceal the SFYL. Mr. Montroll has been charged with two counts of perjury and a single count of obstruction of justice.

Having Dumped Dratel Ulbricht Continues Facing Grim Trial Aftermath

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Earlier this month the three year window for Ross Ulbricht to seek a new trial through a Rule 33 motion passed. Katherine Forrest denied a motion from Ulbricht's new attorney Paul Grant to grant an extension in light of Ulbricht's previous counsel Joshual Dratel having perfomed the greatest failure in modern legal history.

Meanwhile a seperate set of attorneys retained by Ulbricht's family is seperately working to try to unravel the Dratel inflicted mess in the empire's appelate courts (archived).

CoinBase Fiat Side Glitch Opens Butts For Hurts

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An unnamed bug in Coinbase's purchasing system is responsible for multiple cases of SFYL this week, with angry redditards reporting having their bank accounts drained of filthy fiat after making a single purchase on the platform. As always, Coinbase was quick to lay the blame elsewhere, stating “We have confirmed that this is an issue occurring downstream from Coinbase, and we’re working with those parties to reach a resolution.”

The glitch went unnoticed from Jan.22 until Feb.11 and "customer service" reps from Coinbase say everyone should rest assured that they will be refunded in full. The company recently made changes to how it handles credit card purchases, listing them as "cash advances" at the point-of-sale, resulting in all the customer's cash being advanced directly to Coinbase's coffers. The front page of r/Coinbase on reddit stands as a testament to the escalating number of rubes who probably now wish they were using actual bitcoin.

Mayoman Squeals As Buterin's Waterfall Weakens

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Oink OinkMayogendered money-man Agustín Carstens, general manager of the Bank for International Settlement, is calling Bitcoin “a combination of a bubble, a Ponzi scheme and an environmental disaster” and urges banks and regulators to "clamp down" on Bitcoin and other "cryptocurrencies" to prevent them from becoming a “threat to financial stability”. He further stated that

"If the only ‘business case’ is use for illicit or illegal transactions, central banks cannot allow such tokens to rely on much of the same institutional infrastructure that serves the overall financial system and freeload on the trust that it provides." — A homo sapien operating at a profound calorie surplus for a very long time

Pretend Bitcoin service and exchange Conbase has already blazed the path for such sentiments, charging "customers" nearly 10% of their BTC value in fees and interest per transaction. On Monday, Lloyds bank of Britain also followed suit, banning the use of credit cards to buy Bitcoin and “cryptocurrencies”, their reasoning being that customers will be unable to repay their debts due to the volatile nature of pricing.

Malware Exploiting Intel CPU Hardware Vunerabilities Being Found In The Wild

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A series of exploits in Intel CPUs at the hardware level which were publicly revealed last month are now being targeted by malware in the wild. Microcode patches which reduce without completely mitigating the vulnerabilities reduce compute performance on affected chips drastically as the vulnerabilities are a consequence of "optimizations" Intel chose to pursue. [Source](archived)

What Happened While Qntra Was Down

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In The Most Serene Republic:

Outside the Republic:


  1. BingoBoingo: Attention Lords And Ladies of The Republic: You may add 161.0.121.253 to your hosts file as Qntra.net

     ↩

Latest Bitcoin Network Difficulty Adjustment: Up ~19.58 Percent To New All Time High As Chicoms Push Out Local fiat/Bitcoin Trading Interfaces

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Mining difficulty on the Bitcoin network skyrocketed nearly twenty  percentage points to 1103400932964.29248047 from 922724699725.96276855 to a new all time high.

While mining difficulty sits at an all time high, the price of Bitcoin reported by fiat/Bitcoin interfaces is sitting roughly twenty percent below the most recent all time high established near the beginning of this month. The United States dollar recovered a small bit of ground against Bitcoin when the racist government of the People's Republic of China decided to ban trading on their local fiat/Bitcoin interfaces. This move by the Chicoms was followed by the a constant stream of "Bitcoin is valueless" editorials in the legacy USian "financial" fake news press.