SEC flies into action over 6,000 BTC theft, charges exchange with securities fraud
"The SEC alleges that BitFunder and its founder Jon E. Montroll operated BitFunder as an unregistered online securities exchange and defrauded exchange users by misappropriating their bitcoins and failing to disclose a cyberattack on BitFunder’s system that resulted in the theft of more than 6,000 bitcoins. The SEC also alleges that Montroll sold unregistered securities that purported to be investments in the exchange and misappropriated funds from that investment as well."
a lot of thoughts on the #bitfunder #SEC complaint. First, there is a companion perjury and obstruction case, which suggests that there was an investigation, an attempt to gather facts and a recalcitrant/obstructionist defendant.— Drew Hinkes (@propelforward) February 21, 2018
"The new guidance will mean an increase in information disclosed on cyber attacks and risks, several attorneys said."
"The exact amount to be raised is still being determined, according to one source, but two other sources said Telegram is estimating it will be around the same size as the first round, which would bring the total raised to over $1.6 billion before the ICO even opens up to the general public."
"Announced Wednesday, San Francisco-based startup Ripple is releasing two new white papers for peer review - one describing XRP's consensus algorithm in a more formal way and the other outlining a way to improve the diversity of connections of each node, the software users run to relay and verify transactions on the network."
"For 67-year-old Dennis Gartman, the longtime publisher of a namesake daily investing newsletter and television commentator, that was putting a volatile stock called Riot Blockchain Inc. in his very own retirement account. The wager is proving to be painful."
"The scale of the proposal, informally known as Starlink, is incredible. In the coming years, the company hopes to launch 4,425 interlinked broadband-internet satellites into orbit some 700 to 800 miles above Earth, plus another 7,500 spacecraft into lower orbits."
"While exact figures are impossible to pin down, documentary evidence and interviews with current and former defense attorneys and prosecutors suggest that at least $1 billion worth of digital coins, and possibly much more, has spent time in the custody of U.S. law enforcement."
In which I frustratedly lash out at The Zcash Foundation. https://t.co/YiP7ndfVIG— zooko (@zooko) February 21, 2018
This is why the crypto community needs to move away from "yay, blockchain" and zoom in specifically on what is the trust model of each project. This one is definitely quite centralized, and dependent in multiple ways on a central party (venez gov) that seems not very trustworthy.— Vitalik Buterin (@VitalikButerin) February 21, 2018
"At the peak of the meme's popularity near the tail end of 2013, Palmer, an Australian marketer for one of the world's largest tech companies, made a joke combining two of the internet's most talked-about topics: cryptocurrency and Doge. It was a joke taking aim at the bizarre world of crypto and bitcoin's multiple derivatives."
"The Politeia platform was launched December 8, 2017, heavily inspired by Peter Todd’s OpenTimestamps and addresses governance issues. Anyone will be able to submit a proposal for funding to develop or market Deced. Stakeholders will then vote on these proposals."
"But the experts were alarmed by something else they discovered. Examining the election management computer at the county's office-the machine used to tally official election results and, in many counties, to program voting machines-they found that remote-access software had been installed on it."
"Machine-learning algorithms (often neural networks) combined with facial-mapping software enable the cheap and easy fabrication of content that hijacks one’s identity—voice, face, body. Deep fake technology inserts individuals’ faces into videos without their permission. The result is 'believable videos of people doing and saying things they never did'."
Monero compatible Bulletproofs will, most likely, go live on mainnet this year. Twitter
Zcash is included in MIT Tech Review's Top 10 Breakthroughs in 2018. MIT Tech Review
Decred has their dcrwallet secure SPV implementation which uses Compact Filters and Fraud Proofs in a beta state. It will not require the user to trust a third party server, thus ensuring privacy and security without the overhead of a full blockchain download. Twitter
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