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News Updates

D.P.A. Calls for lesser sentence for Ulbricht

The Drug Policy Alliance filed a brief on the 16th pleading the Second Circuit Court of Appeals to reduce Ross Ulbrichts sentence of life without the possibility of parole for operating the Silk Road site. “We have learned from 40 plus years of the failed war on drugs that incarceration does not prevent drug use or sales.” Retired Federal Judge ... Read More »

FCC: ISPs To Get Customer’s Permission Before Sharing Their Personal Info

FCC Chairman Tom Wheeler recently announced a proposal to “give broadband consumers increased choice, transparency & security with respect to their data”. “The information collected by the phone company about your telephone usage has long been protected information. Regulations of the Federal Communications Commission (FCC) limit your phone company’s ability to repurpose and resell what it learns about your phone ... Read More »

Blockchain Technology in Europe: Theory and Practice

On May 19, Prague will host Blockchain & Bitcoin Conference Prague. The event will bring together blockchain developers and those who apply the technology in practice: financiers, bankers and businessmen. The event will consist of a conference, divided into two streams, and an exhibition of IT developments in the field of Blockchain. The participants will talk about the practical application ... Read More »

Multiple Men Indicted in Districts First BTC Related Case

According to William J. Hochul Jr., U.S. Attorney, a federal grand jury returned an indictment charging Richard Petix, of Rochester, NY with operating an unlicensed money transmitting business and making material false statements. A separate indictment charging Zhe Wang and Kevin Szura, both from Queens, with conspiracy to distribute controlled substances, money laundering conspiracy, money laundering, and conducting a monetary ... Read More »

Judge Admits That NSA Program ‘PRISM’ Exists

In a memorandum by District Judge John Gleeson regarding the case against Agron Hasbajrami, Gleeson admitted that the NSA program “PRISM” exists.  Hasbajrami, an Albanian citizen and resident of Brooklyn, was arrested on September 6, 2011 and charged with three counts of attempting to provide material support to terrorists. He attempted to suppress the evidence obtained as a result of ... Read More »

New Jersey Online Cocaine Ring Uncovered: 11 Men Arrested

During Operation Skin Deep, a police action started as an undercover mission, 11 men from New Jersey were arrested for running an online drug ring. Christopher Castelluzzo (31), of Lake Hopatcong, was charged as the leader of the gang, and he had also been charged with the conspiracy to commit murder for his alleged role in trying to kill two ... Read More »

Bitcoin Price Analysis March 15. 2016

This week, the price of bitcoin continued its retracement from March 5th’s $382 low. Price action was limited to a $10 range flanked by $420 on the upper and $410 on the lower end. Breaking above the $410 resistance was necessary, after two attempts at breaking, it finally caved on March 8. On the days that followed, $410 held strong ... Read More »

Russia Proposes Prison Time For Bitcoin Activity

The Russian Ministry of Finance is preparing to add an amendment to the Criminal Code which will dish out severe punishment for those using bitcoin, according to an unknown source within the government communicating with Interfax. This version of the amendment is much harsher compared to the older version which sentenced the everyday bitcoin user to a year of “corrective ... Read More »

French Bill To Force Decryption Of Encrypted Data

In France, according to ION 2001-1062 of 15 November 2001 on everyday security, Article 30-31, failure to comply with an order to decrypt your device or give the up the encryption key will result in 3 years of jail time and a fine of €45,000, if complying would have prevented or stopped a crime, jail time will increase to 5 ... Read More »

Oregon Fentanyl Dark Net Market Vendor Pleads Guilty

Brandon Corde Hubbard (41), an Oregon man, pleaded guilty to the charges of conspiracy to distribute controlled substances resulting in serious bodily injury and death, distribution of a controlled substance resulting in death and money laundering. The fentanyl that Hubbard was selling caused two overdose deaths in Grand Forks. Hubbard signed the plea agreement on Dec 21, 2015, where he ... Read More »

Bitcoin Price Analysis March 9. 2016

This week, a wedge price structure fell sharply through $416 support to the downside, falling to a low $382. This was after trading in a $10 range, between $416 and $424. $382, an expected target on the downside has forced a retracement since March 6, correcting up to $416, now a resistance. Trades are settling at $409 on Bitstamp as ... Read More »

Vermont Senate Approves Recreational Marijuana Bill

S.241, sponsored by Senator Jeanette K. White, was approved by the Vermont Senate in a 17-12 vote after a 16-13 preliminary vote. The bill now moves to the House Of Representatives for approval. If approved, the bill will then have to be signed into law by the Governor. The bill aims to allow those who are at least 21 or ... Read More »

Michigan Bill To Legalize Recreational Marijuana

Michigan state Senator Coleman Young II has introduced Senate Bill 0813 and Senate Joint Resolution O. The purpose of the bill is to regulate and tax marijuana while the joint resolution proposes “an amendment to the state constitution of 1963, by adding section 40a to article IV, to decriminalize the possession and use of [marijuana].” Young introduced this bill “in ... Read More »

New HTTPS Flaw: “DROWN” Attack

The OpenSSL project recently released a new update to address a critical vulnerability (CVE-2016-0800) dubbed “DROWN” which stands for “Decrypting RSA using Obsolete and Weakened eNcryption”. From the OpenSSL security advisory: “A cross-protocol attack was discovered that could lead to decryption of TLS sessions by using a server supporting SSLv2 and EXPORT cipher suites as a Bleichenbacher RSA padding oracle. ... Read More »