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
Category Archives: North America
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
MtGox Trustee has 200k Bitcoins, Creditors to Line Up as Bankruptcy Progresses
As of the third creditors meeting on April 22, 2015, the approximately 100,000 creditors from 130 countries who were swindled by Robert Marie Mark Karpeles and his Bitcoin-fiat exchange MtGox Co., Ltd. – despite the numerous and several warnings and warning signs,1 – can now file claims through bankruptcy trustee Nobuaki Kobayash of law firm Nagashima Ohno & Tsudematsu. Continue reading
Not the least of which was the consistent $10+ spread between Mt Gox and Bitstamp that persisted throughout 2013, with the premium going to Gox of course, indicating that the Japanese firm was delaying withdrawals, most probably on account of a fractional reserve deposit scheme ↩
Vessenes Foundation Draws Near Its End, Vessenes Out As Chairman
The decline of the Vessenes Bitcoin Foundation continues with their developers leaving for the Massachusetts Institute of Technology's Media Lab's Digital Currency Initiative. In what appears to be an attempt to revitalize their image by amping up their star power the Vessenes foundation has replaced Peter Vessenes as their chairman with First Kid co-star Brock Pierce.
Windows Servers Pwn'd By JPEG Uploads
The Register reports that researcher Marcus Murray has demonstrated an attack which allows malicious parties to take control of servers running modern versions of Microsoft Windows Server by uploading JPEG images. Murray demonstrated this attack at the RSA San Francisco conference and asserts he used this same method on a photo upload portal to crack a United States Government agency's web server. This is one of many ways Microsoft Windows has shown itself to be unsafe for any purpose.
Tennessee House Votes To Allow Bitcoin Campaign Contributions
The Chattanooga Times Free Press reports that the legislators of the Tennessee State House have voted 61 to 28 in favor of allowing Bitcoin to be accepted as a campaign "gift" in state elections. The bill passed the Tennessee Senate last month and awaits the Governor's signature which could render it law, though given that application of the Gubernatorial veto is rare in Tennessee as it takes the same simple majority from each house of the General assembly which initially passed the bill to override the veto. Continue reading
Theymos Complies With Yet Another Subpoena
Theymos of the Bitcoin Talk forum today revealed he recently received a subpoena to which he satisfied a request for posts made by current and ex-employees of BFL in addition to the content of their private messages.
He writes (archive): Continue reading
New York Update: Former NYSE CEO to TeraExchange Former FDIC Chair to itBit
As hard as the State of New York seems to be working to separate itself from Bitcoin in the manner the United Kingdom has, a number of relics from the fiat world are trying to latch on to a simulacrum of Bitcoin shaped in the fiat world's image.
- TeraExchange, represented at the CFTF session on digital currencies has taken former New York Stock Exchange CEO Duncan Niederauer as an advisory director.
- Sheila Blair, former chair of the Federal Deposit Insurance Corporation has joined New York based itBit exchange on their board. A formal announcement on the subject is expected in the next several days.
Readers are reminded that New York and Manhattan in particular overtly present a hostile legal and regulatory environment unsuitable for actual Bitcoin businesses.
CaVirtex Reopens Under Coinsetter
Just two short months after closing its doors following an apparently humiliating "potential compromise," CAD-BTC exchange CaVirtex has re-opened its doors under the purview of US-based Bitcoin exchange Coinsetter. Yes, that would be Jaron Lukasiewicz's Coinsetter, he being the fellow who thought that Ripple was a good idea apparently because he had too much money on his youthful hands.
For users of the revived CaVirtex, the only visible difference is a new landing page promoting the new partnership. Once past this landing page, the excessive familiarity reveals itself in a number of now factual errors, to the point where the exchange still advertises itself as a "Canadian Corporation" and that "all voting shareholders of CAVIRTEX are Canadian" despite its most recent claims to the contrary.
Another claim that the revamped CaVirtex is making is that they've employed "the Securicoin® system," which appears to be little more than Coinsetter slang for "cold storage" even though it claims to be "Wall Street grade,"1 and that over 50% of user funds are being held in insured Xapo Vaults.2
Trading volume at CaVirtex has been slow to rekindle since trading resumed on April 8, 2015, with the website claiming a meager 372 BTC traded over the past week. This figure is to be taken with a grain of salt, however, given that CaVirtex apparently traded at least a fraction of a bitcoin for as cheaply as CAD $0.01 during the last 7 days. (cache)
No word yet on whether Coinsetter plans to honour obligations to non-voting shareholders who were stripped of 4,000 BTC when CaVirtex delisted on Havelock Investments on December 31, 2013. According to CaVirtex's delisting notice, these investors own 10% of the company. At this time, it appears they may be left out in the rain.