Chinese altcoin exchange BTC38 has reportedly suffered an attack that resulted in a 1.5 million RMB (Appx. $220,000 USD) Sorry For Your Loss.
A post on 8btc.com stated:
“As a result of the server logic problems on 21st Dec, more than 10 million Bitshares, over 10 million NXT and some BTC/LTC were stolen from the exchange’s hot wallet (estimated total loss of 1.5 million RMB). We shut down the server immediately and stayed up all night to fix the problem. We have reviewed our wallet deployment plan and made new adjustments. We will take full responsibility for the total loss of the digital asset (market buyback).” The most important assurance is that all funds are safe in the hands of BTC38.
BTC38 explained the delay to calm down the market:“As we are currently redeploying the wallet, the service for certain coins will be resumed gradually.”The hack comes on the heels of an attack earlier this year, in which BTC38's API keys were compromised, resulting in the exchange taking a lesson from the Vitalik Buterin playbook and "rolling back" trades. A security review was announced at that time time which apparently did little to prevent the latest breach. The exchange assures users that this time, however, the loss of hot wallet funds would not impact any customer balances.
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Grinch Netanyahu Deliver Christmas Scolding To Ambassadors
Israeli Prime Minister Benjamin Netanyahu summoned the ambassadors from all of the United Nations Security Council members in his country to scold them for passing a resolution which condemned Israeli home building practices. Earlier this week the UN Security Council voted 14-0 to condemn the Israeli practice of locating new residential developments inside contested areas within Israel's borders.
Normally such a resolution would have been blocked by the United States voting no, but Hussein Bahamas instead decided to having his representative simply not vote at all as he attempts to create the largest possible mess for his successor to inherit. What was good United States foreign policy the first 95 months of the Hussein Bahamas administration apparently stopped being good US foreign policy the 96th month.
And so on Christmas day the Prime Minister of the Jews harangued 111 ambassadors to his country because Hussein Bahamas suddenly decided to care where homes are built.
Four potential scoldings were avoided due to the countries holding Security Council seats while abstaining from diplomatic relations with Israel. ↩
US Leftists Begin Collecting Arms
According to the BBC a wider variety of leftists in the United States are beginning to stockpile weapons. Traditionally only a subset of black American leftists stockpiled arms, but according to the British government's media arm the focus of this growth is among Gay, Lesbian, Transgendered, and otherwise Queer leftists who are forming their own gun clubs. Per the BBC's Brian Wheeler (archived):
But since the election of Donald Trump in November she has started going to a gun range for the first time and is shopping around for a semi-automatic pistol.
"It's been seeing the way that Trump's election has mobilised a lot of the far right and given them hope," she says, citing a rise in reports of hate crimes and neo-Nazi activity.
As a transgender woman, she does not fear for her personal safety in the Californian city where she now lives but she says she knows people in rural areas "who woke up and found a bunch of swastikas and words like 'faggot' and 'trannie' scrawled all over their building".
She foresees a wide-ranging struggle between the Trump administration and the left over issues such as immigration and racial politics.
But won't buying a gun just increase tensions?
"Things are already escalating and they will continue to do so and me not engaging or being prepared to defend my friends by force… isn't going to stop people from being attacked or harassed," Clara says.
Chinese Altcoin Exchange BTC38 Serves 1.5 Million RMB Of Your Loss
Chinese altcoin exchange BTC38 has reportedly suffered an attack that resulted in a 1.5 million RMB (Appx. $220,000 USD) Sorry For Your Loss.
A post on 8btc.com stated:
“As a result of the server logic problems on 21st Dec, more than 10 million Bitshares, over 10 million NXT and some BTC/LTC were stolen from the exchange’s hot wallet (estimated total loss of 1.5 million RMB). We shut down the server immediately and stayed up all night to fix the problem. We have reviewed our wallet deployment plan and made new adjustments. We will take full responsibility for the total loss of the digital asset (market buyback).” The most important assurance is that all funds are safe in the hands of BTC38.
BTC38 explained the delay to calm down the market:“As we are currently redeploying the wallet, the service for certain coins will be resumed gradually.”
The hack comes on the heels of an attack earlier this year, in which BTC38's API keys were compromised, resulting in the exchange taking a lesson from the Vitalik Buterin playbook and "rolling back" trades. A security review was announced at that time time which apparently did little to prevent the latest breach. The exchange assures users that this time, however, the loss of hot wallet funds would not impact any customer balances.
Praxair Buying Linde, Renaming Self Linde In Industrial Gas Consolidation
US based Praxair1 is buying German firm Linde in a move that stands to substantially consolidate ownership of world industrial gases production. In a most unfair merger Praxair will be ceding to Linde half of the seats on the merged board, nearly half of the conjoined equity, and taking Linde's name after consummating this marriage. As is traditional in rushed elopements the combined headquarters will be in neither the US nor Germany, but in a third "neutral" Eurozone country.2 The cherry top is an anticipated 25 euros of value created for current Linde shareholders through synergies and a mere 17 United States dollar of synergies for Praxair holders. Praxair CEO Steve Angel however will remain CEO of the new Praxair which calls itself Linde. It's almost as if Monsanto had bought Bayer this time!
Of who could have predicted pressurized cylinders would heat to failure on hot asphalt fame. (archived) ↩
Provided there is still a Eurozone by the time regulators get a say. This is a fiat marriage after all. ↩
Coinbase Login Woes Rumored As Price Reported By fiat/Bitcoin Interfaces Moves
As the price reported by fiat/Bitcoin interfaces has begun a steep climb self described Coinbase users are reporting issues logging into their accounts on the platform. There is a healthy spread of nearly 30 United States dollars per Bitcoin across fiat/Bitcoin interfaces with BTCChina leading the upward movement and reporting ~860 United States dollars per Bitcoin. Sorry for your loss.
Ontario Standardized Test Resorts To Graphite Based Security Measures
The Great Again : North Edition made an entirely expected about-face this week when The Education Quality and Accountability Office (EQAO) announced that the next Ontario Secondary School Literacy Test (OSSLT) will eschew their recently implemented online exam in favour of the tried and true paper format (archived). Citing a "cyberattack" during their October 20th online trial as the primary cause of the technological regression, there's no word on when EQAO will meaningfully stand behind their Q in the digital world.
Sorry for your lead.
Swedish Policy Update: "White Power" Causes Islamic Extremism
According to Sweden's new anti-extremism czar Anna Carlstedt, much of the growing Islamic extremism in their country is driven by "the extreme right-wing white power movement". Sweden lead Europe in the export of aspiring Jihadists reporting to the Middle East for internship training in the practice of Jihad. Per Carlstedt this export is substantially fed by ethnic Swedes dissatisfied by the socialist regime and its policies rather than anything to do with the aspiring Jihadis and their motivations.
US Drug Overdose Mortality Continues To Increase In Latest Figures
Drug overdose deaths in the United States continue to increase doubling in published figure covering the period from 2010 to 2014. This increased mortality has disproportionately affected poor "working class" whites and contributed to a decreased life expectancy in that demographic. The areas hit hardest by overdose deaths granted Donald Trump his greatest margins of victory which supports the hypothesis that hunger for The Great Again and not outside influence (archived) led blue collar whites to abandon what was once "their party" though it continues to be supported by their union dues for the sake of Our Democracy.1 Sorry for your loss.
This promotional offer is available only in select markets. ↩
Missouri State Representative Elect Bruce Franks Robbed At Gunpoint
Bruce Franks, elected to serve in the Missouri State General Assembly for the district including downtown Saint Louis, was robbed at gunpoint this week. The politician was sitting in his car outside the Schlafly Tap Room when two men opened his car door and relieved Franks of his own gun, his car, and his phones. Earlier this month Governor elect Grietens' wife was robbed while similarly sitting in her car on the other side of the city.
During his campaign Franks initially lost his primary race, but a new primary election was ordered after it was determined in court that operatives of the incumbent Penny Hubbard had engaged in voter fraud by abusing absentee ballots.
Local leaders had discussed in recent weeks raising tax money to build a new soccer stadium, but the Governor elect this week expressed his opposition to the plan. It remains to be seen how many more local leaders need to be robbed while sitting in their cars before the consider addressing the city's crime problem.