What Is Bitcoin Mining? - Learning Bitcoin by Bitcoin Magazine
some days I hate existing (life situation vent)
sorry if this is a downer post, but I literally had to find and join this sub-reddit just to be able to get some shit off my chest from today and life as a whole right at the moment... thank you for having this Reddit exist, first and foremost, because life sucks for me lately, in general, and for a good number of years, and I am having one hell of a bad day and just need to get this shit off my chest before I have a meltdown. so thank you for whomever created this sub-reddit. anywho... hey, how's it going, my name is Mike IRL, but I just go by the name High Voltage online, I am a furry, and to use a short and to the point name everyone calls me anymore, I'm just gonna say Hey, I'm volt. anyways... I'm an autistic furry, I love life...usually...but as of these last handful of years, life has just been one hell of a suck fest. I am a computer geek, self taught, by nature, passion, and habit, I love technology, but the more I learn, the more I realize Murphy is a vindictive bitch. Murphy in this case is Murphy's law, and me and that little shithead have a love hate relationship... I love technology, he loves to make technology hate my guts, and the more I learn about shit, the more I can tell just how much shit goes wrong in ways that are uncommon for me, and for general life. I have friends in the tech industry, that all unanimously agree, and I quote them all here "how the FUCK do you have so many things go wrong?!" this includes a friend who works for dell as a storage expert, a friend that's a tech support call center representative, and a plethora more friends that are just over all tech heads. one point I need to get off my chest. another thing, is that for the life of me, for the last 10 years since graduation from high school, nothing I do is allowing me to get my ass in a tech job, no amount of experience personally taught, no amount of tech certifications make any difference, nothings helping and I've had to jump from one dead end job to another, just to be able to even afford to survive, and hell, that's a joke in and of itself, cause I cant even afford to be alive, and live, I am barely scraping by, ever, and am forced to live with my parents because I cant even afford subsidized housing, section 8 or otherwise. per my autism and other issues, I have to take prescriptions just to function in society, which on their own, cost more than I have ever made in a month at any job I've ever had to date, given they are around 8k a month without insurance. on the comment of insurance, I have to use medicaid/medicare just to be able to afford to be alive, which in turn makes me have an income limit per month, so I cant ever make more than about 1 thousand dollars in a month, making my whopping glorious yearly income, four thousand dollars a year less than poverty, which is classified here in my state as 16 thousand dollars a year. usually this does not bother me and I'm able to maintain a fairly positive outlook on life, plus or minus my usual depression...and I don't usually let things bug me, and have made in my opinion, a name for myself as being generous, and donating money whenever I'm able to to those less fortunate than myself, countless times I've helped keep friends of mine online whom I have never actually met, and hold credible for being in the situations they claim to be at face value because I trust people and I'm a compassionate person... I have been told so many times by my parents that I'm too trusting, that I have literally lost count... I have even been scolded by my father once for, and I quote, "your not an entrepreneur, strive for mediocrity!" while a friend of mine was at my house in the basement waiting on me, when my father found out, while I still had my income cap, BEFORE government regulations happened, regulating bitcoin as a taxable asset (I have since gotten out of the bitcoin game for a few years now and it served its purpose while it lasted) but all of these things are normally manageable on their own in stride.... the thing that's finally just caused me to have enough at this point is the fact that I just realized how truly shitty my current discovery is right now.... more on that one in a moment however... the one thing that I have always been proud of is this, the fact that I am self taught for all of my computer experience that I have amassed to date, including but not limited to having to be resourceful on finding good deals, given that I found and paid for myself on my measly income, all of the servers that I have to date at my ownership, all found through scrounging for deals, on Facebook marketplace, and driving literally half the entire state of Ohio one way trip to find a deal for a thing I'm after, I have HAD to be resourceful for everything, because I had nothing for income... this includes having to plan and build my own data server using second hand parts, whenever possible, and I have not had any regrets on that, because it has allowed me to get still working systems for damn good prices... so I have never, until today, regretted that... because it has always been mine, built with pride, pride that I found good deals on things, that still worked, and still had usefulness to someone (me) and gave these devices a second lease on life, for good prices, and it was something I did myself, through sheer determination, patience (something I severely lack, and the entire reason I fish for catfish when me and my folks go fishing), and resourcefulness. welp....honestly, at this point, I don't know what the hell to do now, because out of all of the drives that I have tested so far that this thing uses, after having lost unimaginable quantities of priceless memories that I can never get back, thousands and thousands of dollars in software I cant get back (one of many failures of the storage server, and mistakenly purged gmail emails, leaving zero traces of the software and no ability to discover what it was to try and recover it anymore) and numerous personal memories in the ways of family photos lost among so much more... of all the drives in this system, over half of them now are saying they are IMMINENT failure, and all of them, every single one of them, is either pre-fail or old age, and given that I have always HAD to buy second hand used and abused storage off of ebay, its no surprise that this has become the case.....normally I'd say "oh well, sucks, gonna have to save up and buy new drive replacements again" in the form of more used drives.....but now, the icing on the cake here, and why I'm at my point of typing up this entire post? I am one of the people that lost their jobs due to this whole pandemic....so....I literally have no way what so ever, to even try and replace these drives...and now I am left with an empty feeling in the pit of my stomach, and an epic oncoming depression fit. bonus fun points to the fact that I do my damnedest to never ask for funding help for anything in my life ever, given that its the mindset of "my projects, my fun times, my money, nobody else should /HAVE/ to help me given this is MY fun stuff" and the few times I ever ask anyone for help, everyone always jumps down my throat, friends wise, saying how greedy I am as a person to ever ask for funding help for MY stuff, and "what will I get out of it? nothing? then why the fuck should I want to help YOU if I don't get anything from it?" so I always tend to not WANT to ask for help, EVER, given this is how I get treated when I do, and then the few times that I genuinely feel like I need to, after always having that mindset of being a burden to the world, and a nuisance to my friends, when I finally get up the nerve to fucking do so and make a gofundme out of sheer necessity...out of all of the times I have done so, over the years, I literally can count on one single hand, the number of times anybody has ACTUALLY helped me....and I get it, it does not effect them at all, and its their money, trust me I get it, but when I DO actually need help, I never get it... this is one of those times I need help...and I wont get it, and I truly understand that, especially now with this pandemic and so many people being out of their jobs and or scared of losing their jobs, I understand that, I wouldn't be able to now even if I wanted to anyways, but it just fucking sucks... always going so far out of my way to help others when I'm able to, and then life always being such a fucking bitch like this to me. *sighs heavily* anyways....sorry for the vent, but I fucking needed to bitch and moan somewhat today...god knows I've been forced to try and bottle it up for far too fucking long, because everyone's been tired of my bitching, even though I tend to only do so, to enough of a degree to keep my head afloat as needed. just for shits and giggles, I'll post a link to the hard drive reports, just to share what I am forced to work with because its all I can afford...not that I have any problems with it mind you, if it works, and I can afford it, then that's what I'll take any fucking day of the week, given its a means to an end. https://drive.google.com/drive/folders/1gK7EGCU9fX9lcC1G4to2ZwbvNA8cBVQM?usp=sharing anyways...as usual, I've made my gofundme, and as usual, I know what to expect...nothing...but whatever. such is life.
Open Letter to Ms. Anne Clarke, Clerk of Council, Dublin, Ohio
Dear Ms Clarke, It has come to my attention that your local council of Dublin, Ohio is about to engage in very reckless behaviour involving cryptocurrencies which could have consequences for your citizens and the reputation of your council. It is my understanding that a Mr Joshua Green of "Bitcoin Verde" has won a contract to provide the following services for the residents of Dublin:-
electronic polling system
token of value
This is designed as a Simple Ledger Protocol token ran on top of the Bitcoin CASH (BCH) blockchain, which is very different to the more commonly known Bitcoin (BTC) blockchain, with a much smaller user base and a much smaller level of security and accountability. Technical Considerations If you are not aware there are currently three competing Bitcoin systems, where at any moments notice the potential exists for the "mining power" allocated to one system, to be able to destroy and make unusable any of the other systems providing it has more than 51% of hash power. At current time of writing we see the following allocation of all "Bitcoin" miners mining on each chain:-
Bitcoin (BTC) - 97.0%
Bitcoin Cash (BCH) - 1.7%
Bitcoin SV (BSV) - 1.3%
Suffice to say if just 1.8% of miners decided to act dishonestly and move from BTC to attack the BCH chain, they would be the 51% majority and be able to freeze the chain and deny all transactions, and there would be the potential for lost transactions. With your proposed system running on top of the BCH chain of course it would feel all ramifications of such an event, and there would be nothing that anybody including Mr Green would be able to do to restore service. Coupled with this the relevantly recent start-up Bitcoin SV is declaring "all out war" on both the BCH and BTC Bitcoins, and its creator who has been recognised by your kin, The City Council of Bogota, Colombia as "Satoshi Nakamoto - The Inventor of Bitcoin" has promised to destroy them before fall 2020 and has sufficient financial resources and backing to make good on this threat. Moral Considerations Roger Ver is the CEO of Bitcoin.com and is the largest proponent of Bitcoin Cash adoption. If it were not for Roger Ver Bitcoin Cash would not exist. Roger Ver describes himself as "anti-government" and regularly posts on his Twitter regarding aboloshing of paying taxes, and played an early part in supporting the illegal drugs marketplace "The Silk Road". This is who the esteemed Councillors of Dublin are associating themselves with. Roger Ver is also a convicted felon having spent time in Federal Prison. Hobbyists involved with the Bitcoin Cash chain are generally anarchists and anti-government, and it is there aim to make an eventual anonymous system to facilitate the purchasing of hard drugs, weapons, child pornography etc... without any fear of recourse. Transparency Being a cryptocurrency investor, technologist and hobbyist (and a strong proponent of Bitcoin SV which is the pro-government transparent Bitcoin) I understand the need for governments to use blockchain and that there is no better place to start than the local council level, however as an IT Analyst with over 20 years experience I would not recommend any council use any of the Bitcoin blockchains right now including Bitcoin SV, until this impending "cryptocurrency war" has been fought and only one chain remains. What people decide to risk their own personal assets on is their choice, however as council representing people and their rewards, voting rights, digital identities and assets your obvious lack of understanding of the cryptocurrency space could leave them with losses, tangible or otherwise and of course would lead to losses of taxpayer funded government funds having wasted them on a unsustainable and unworkable project. Whilst to the casual observer (and I am sure many of your citizens) the idea of "total anonymity" sounds good, and a nice way of hiding ones assets and perhaps not paying all they have to in taxes - I admit I used to have this opinion, it is through education and understanding how things really work that the only way for a truly fair, just and transparent society is to not allow such anonymity. For every Joe Smith hiding $1,000 from the government there would be a Mr Fat Cat hiding $1,000,000,000 using the same methods. Transparency from government, transparency from business and transparency from citizens is the only true advancement in society that a blockchain technology can deliver to us all. Conclusion I feel the council has not done due dilegence, and this is a very reckless and potential costly move which could result in the loss of these facilities to your citizens. I have published this letter publicly to ensure that should action not be taken to investigate my claims that citizens will have a legal option for redress due to your council having been informed of the potential disasters that can happen here, with adequate forewarning. Feedback Feel free to reach out to me on reddit ( jim-btc ) and I will also provide you with a private email when I contact you directly so you can email me any questions or concerns. If I can be of further assistance I'd be happy to partake in a voice call with yourself or anybody from your council. I have posted this to the subreddit for your town /dublinohio/ and if any citizen there would like to engage with me in public for questions etc... I would be happy to assist. Thanks for taking the time to read my concerns. Regards A concerned, honest world citizen P.S. I made a video about all of this, free for all here
Open Letter to Ms. Anne Clarke, Clerk of Council, Dublin, Ohio
Dear Ms Clarke, It has come to my attention that your local council of Dublin, Ohio is about to engage in very reckless behaviour involving cryptocurrencies which could have consequences for your citizens and the reputation of your council. It is my understanding that a Mr Joshua Green of "Bitcoin Verde" has won a contract to provide the following services for the residents of Dublin:-
electronic polling system
token of value
This is designed as a Simple Ledger Protocol token ran on top of the Bitcoin CASH (BCH) blockchain, which is very different to the more commonly known Bitcoin (BTC) blockchain, with a much smaller user base and a much smaller level of security and accountability. Technical Considerations If you are not aware there are currently three competing Bitcoin systems, where at any moments notice the potential exists for the "mining power" allocated to one system, to be able to destroy and make unusable any of the other systems providing it has more than 51% of hash power. At current time of writing we see the following allocation of all "Bitcoin" miners mining on each chain:-
Bitcoin (BTC) - 97.0%
Bitcoin Cash (BCH) - 1.7%
Bitcoin SV (BSV) - 1.3%
Suffice to say if just 1.8% of miners decided to act dishonestly and move from BTC to attack the BCH chain, they would be the 51% majority and be able to freeze the chain and deny all transactions, and there would be the potential for lost transactions. With your proposed system running on top of the BCH chain of course it would feel all ramifications of such an event, and there would be nothing that anybody including Mr Green would be able to do to restore service. Coupled with this the relevantly recent start-up Bitcoin SV is declaring "all out war" on both the BCH and BTC Bitcoins, and its creator who has been recognised by your kin, The City Council of Bogota, Colombia as "Satoshi Nakamoto - The Inventor of Bitcoin" has promised to destroy them before fall 2020 and has sufficient financial resources and backing to make good on this threat. Moral Considerations Roger Ver is the CEO of Bitcoin.com and is the largest proponent of Bitcoin Cash adoption. If it were not for Roger Ver Bitcoin Cash would not exist. Roger Ver describes himself as "anti-government" and regularly posts on his Twitter regarding aboloshing of paying taxes, and played an early part in supporting the illegal drugs marketplace "The Silk Road". This is who the esteemed Councillors of Dublin are associating themselves with. Roger Ver is also a convicted felon having spent time in Federal Prison. Hobbyists involved with the Bitcoin Cash chain are generally anarchists and anti-government, and it is there aim to make an eventual anonymous system to facilitate the purchasing of hard drugs, weapons, child pornography etc... without any fear of recourse. Transparency Being a cryptocurrency investor, technologist and hobbyist (and a strong proponent of Bitcoin SV which is the pro-government transparent Bitcoin) I understand the need for governments to use blockchain and that there is no better place to start than the local council level, however as an IT Analyst with over 20 years experience I would not recommend any council use any of the Bitcoin blockchains right now including Bitcoin SV, until this impending "cryptocurrency war" has been fought and only one chain remains. What people decide to risk their own personal assets on is their choice, however as council representing people and their rewards, voting rights, digital identities and assets your obvious lack of understanding of the cryptocurrency space could leave them with losses, tangible or otherwise and of course would lead to losses of taxpayer funded government funds having wasted them on a unsustainable and unworkable project. Whilst to the casual observer (and I am sure many of your citizens) the idea of "total anonymity" sounds good, and a nice way of hiding ones assets and perhaps not paying all they have to in taxes - I admit I used to have this opinion, it is through education and understanding how things really work that the only way for a truly fair, just and transparent society is to not allow such anonymity. For every Joe Smith hiding $1,000 from the government there would be a Mr Fat Cat hiding $1,000,000,000 using the same methods. Transparency from government, transparency from business and transparency from citizens is the only true advancement in society that a blockchain technology can deliver to us all. Conclusion I feel the council has not done due dilegence, and this is a very reckless and potential costly move which could result in the loss of these facilities to your citizens. I have published this letter publicly to ensure that should action not be taken to investigate my claims that citizens will have a legal option for redress due to your council having been informed of the potential disasters that can happen here, with adequate forewarning. Feedback Feel free to reach out to me on reddit ( jim-btc ) and I will also provide you with a private email when I contact you directly so you can email me any questions or concerns. If I can be of further assistance I'd be happy to partake in a voice call with yourself or anybody from your council. I have posted this to the subreddit for your town /dublinohio/ and if any citizen there would like to engage with me in public for questions etc... I would be happy to assist. Thanks for taking the time to read my concerns. Regards A concerned, honest world citizen
In case you missed it: Major Crypto and Blockchain News from the week ending 12/14/2018
Developments in Financial Services
A cryptocurrency exchange-traded product (ETP) that trades on Switzerland’s Six Exchange saw record trading volumes on Thursday and Friday last week, suggesting that institutional investors may be buying the dip in cryptocurrencies. Four major cryptocurrencies underlie the HODL ETP, including Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). While HODL ETP’s one-month average daily trading is 20,000 shares, on Thursday, December 6th, and Friday, December 7th, 53,233 shares and 62.986 shares were traded, respectively.
A report published last week by global anti-money laundering policymaker, the Financial Action Task Force (FATF), indicates that cryptocurrency exchanges in the United Kingdom pose a, “low risk,” for money laundering and terrorist financing activities. The report, however, does highlight that such activities on UK cryptocurrency exchanges are an, “emerging risk,” although there is not yet enough evidence to suggest that these activities are occurring through cryptocurrency exchanges. In its report, the FATF urged UK regulators to, “Continue to develop an understanding of emerging risks (such as virtual currencies) and intelligence gaps, and take appropriate action.”
Andreas Utermann, CEO and CIO of Allianz Global Investors, called on global financial regulators to ban cryptocurrencies while speaking at a panel discussion in London. According to a report by Reuters, Utermann said, “You should outlaw it,” while participating in a panel alongside Andrew Bailey, the head of Britain’s Financial Conduct Authority. Bailey responded by saying that Utermann’s comments were, “quite strong,” before adding that cryptocurrencies have, “no intrinsic value.”
Basis, a major US-based stablecoin project, is shutting down its operations and returning most of its funds to investors, according to a report by crypto news outlet The Block. The report by The Block cited, “multiple people with direct knowledge of the situation,” in claiming that the algorithmic stablecoin project, which generated UDS$133mm of funding through private investments in April, will return funds to investors. According to the Co-Founder and CEO of competing stablecoin project Nevin Freeman, Basis’ shutdown is due to regulatory concerns around one of its token types. Freeman explained, highlighting that algorithmic stablecoins implement a “secondary token”, known as a “bond token”, to help maintain the primary token’s peg. In many cases, regulators like the US Securities and Exchange Commission (SEC) consider these secondary tokens to be securities.
Binance, the world’s largest cryptocurrency exchange by daily trading volume, announced that it has added Circle’s US dollar-pegged stablecoin, USD Coin (USDC), to its combined Stablecoin Market. Circle, a company backed by Goldman Sachs, first released its stablecoin in September of this year. Binance’s combined Stablecoin Market features other notable stablecoins, like Tether (USDT), that trade against cryptocurrencies as interchangeable base pairs.
Coinone, a South Korea-based cryptocurrency exchange, has officially launched Cross, a cross-border payments application that leverages Ripple’s xCurrent product to increase efficiencies. The application, released by Coinone’s payments subsidiary, Coinone Transfer, targets unbanked or underbanked South Koreans by enabling the transfer of funds to Thailand or the Philippines at a low cost.
Gemini, a cryptocurrency exchange heralded by the Winklevoss twins, released an official company blog post this weekend announcing that the firm will support Bitcoin Cash (BCH) custody and trading. The exchange will support only the Bitcoin Cash ABC network at this time, adding that they, “are continuing to evaluate Bitcoin SV over the coming weeks or months, and we may or may not choose to support withdrawals and/or trading of Bitcoin SV in the future.” Additionally, the company detailed that its listing of BCH is pending regulatory approval by the New York State Department of Financial Services.
Gemini, the cryptocurrency trading platform founded by the Winklevoss twins, announced the launch of a mobile crypto trading application in an official blog post today. Accompanying the launch of the crypto trading app is a new investment vehicle, dubbed, “The Cryptoverse,” that is comprised of a basket of cryptocurrencies weighted by market capitalization. While speaking to Bloomberg today, Cameron Winklevoss said that, “A lot of our decisions have perhaps given off a perception that we’re more institutional-based. The reality of the situation is that we have a diverse customer base. And the retail story is just beginning.” The Winklevoss twins went on to detail of a goal to expand reach to Asian markets by 2019’s end.
Good Money, a US neo-banking platform, has closed its Series A investment round that generated USD$30mm led by cryptocurrency-focused merchant bank Galaxy Digital and the founder of EOS (EOS) Block.one. Good Money aims to provide a variety of banking service and certain financial instruments to US account holders while exploring innovative changes to traditional banking practices. “Modern banking is a primary driver of so many issues we as a society face – from economic inequality, institutional racism, environmental destruction to political corruption,” said Good Money founder Gunnar Lovelace. Specifically, Good Money eliminates ATM fees while offering each bank user equity in the company.
Kraken, a notable cryptocurrency exchange, is seeking to raise funding with a USD$4bn valuation for the company and a USD$100,000 investment minimum, according to CoinDesk. In an email to investors, Kraken CEO Jesse Powell wrote, “There is presently a limited time opportunity available to a very small select number of clients to purchase shares.” The email goes on to detail that the exchange will close its offer on December 16th.
OKEx, the second-largest cryptocurrency exchange by daily trading volume, will begin listing Bitcoin Cash ABC under the original Bitcoin Cash ticker (BCH), as per an official announcement Tuesday. Additionally, OKEx will change the Bitcoin Cash SV ticker from BCHSV to BSV. The announcement by OKEx comes after other notable cryptocurrency exchanges have made the same switch, including Coinbase and Gemini.
PayPal, an online payments portal, has launched its own internal private blockchain platform that will allow staff to trade and exchange tokens while generating ideas and participating in programs to foster innovation, as per a report by news outlet Cheddar. The private blockchain network, which was built by 25 PayPal employees in just 6 months, will allow employees to earn more for enrolling in learning and development programs. The PayPal tokens are not tradeable, or worth anything for that matter, outside PayPal’s blockchain.
PricewaterhouseCoopers (PwC), a big four consulting firm, is partnering with Bitfury Group, a large blockchain software and mining firm, to develop a blockchain accelerator specific to Russian businesses. As per an official press release by PwC, the partnership will leverage Exonum, Bitfury’s open source framework to build blockchain applications, for educational courses and seminars. The partnership aims to meet the, “current needs,” of PwC’s enterprise clients in Russia.
Revolut, a digital banking alternative with an in-application cryptocurrency exchange, announced that it has been awarded a European banking license. Seeking to become the, “Amazon of banking,” the license will allow Revolut to offer traditional banking services alongside its current cryptocurrency offerings to European customers. Nikolay Storonsky, Founder and CEO of Revolut, said in regards to the newly acquired license that, “With the banking license now secured, commission-free stock trading progressing well, and five new international markets at final stages of launch, we are living up to our reputation as the ‘Amazon of Banking’. Our vision is simple: one ap with tens of millions of users, where you can manage every aspect of your financial life with the best value and technology.”
Shinhan Bank, the second-largest commercial bank in South Korea, is launching a new project to implement blockchain technology in its internal processes with a goal of eliminating human error. According to a report by news outlet The Korea Times, Shinhan also recently completed a training program for its staff to increase their knowledge of blockchain technology across various applications. After Shinhan implemented blockchain technology for interest rate swap transactions on November 30th, South Korea’s second-largest bank is now aiming to apply the technology in its record-keeping process to enhance overall efficiencies.
SolarisBank, Germany’s second-largest and Europe’s ninth-largest stock exchange, is partnering with Stuttgart Exchange Group, a German fintech company, to jointly develop a cryptocurrency exchange. As per a report by Cointelegraph Germany, the joint cryptocurrency exchange venture, “is scheduled to launch in the first half of 2019.” This news comes after SolarisBank announced plans to launch a zero-fee cryptocurrency trading application this past May.
The Canadian city of Calgary is becoming the first city in Canada to launch a digital version of its local currency, according to a report by the Global News. Dubbed as the Calgary Digital Dollar, the digital currency will be exclusive to Calgary and operate alongside the country’s Canadian Dollar. Calgary-based businesses will now be required by law to accept at least 10% of a payment in digital currency, although they are allowed to accept up to 100%.
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is launching a pilot of its Global Payment Initiative (GPI) to combat growing blockchain and fintech solutions, according to an official announcement last week. Currently, the SWIFT Network is used by global financial institutions to conduct global financial payments and cross-border transfers of fiat currency. Although the project is still in its early stages, the GPI pilot hopes to, “build the foundation of a new integrated and interactive service that will significantly improve efficiencies in the payments process and which will ultimately be made available to all 10,000 banks across the SWIFT network.”
The United Arab Emirates’(UAE) central bank is partnering with the Saudi Arabian Monetary Authority (SAMA) to develop a cryptocurrency to facilitate cross border transactions between the two countries, according to a report by news outlet GulfNews. In a meeting pertaining to global banking standards and regulation in the Arab region, Mubarak Rashed Al Mansouri, the governor of the UAE’s central bank, said, “This is probably the first time ever that witnesses the cooperation of monetary authorities from different countries on this topic and we hope that this achievement will foster similar collaboration in our region.” The prospective digital currency will be used by both central banks and financial institutions in the countries.
TokenSoft, a security token offering (STO) startup, has acquired a 20% stake in regulated broker-dealer Marpine Securities LLC in order to launch its own regulated broker-dealer. After acquiring the 20% stake, TokenSoft will launch its new regulated broker-dealer entity, called TokenSoft Global Markets, that will be registered through the Financial Industry Regulatory Authority (FINRA). The new regulated broker-dealer entity will allow TokenSoft to advise token issuers through every step of the Initial Coin Offering (ICO) process. Additionally, TokenSoft will now be able to legally operate in services related to insurance and management.
Tom Lee, co-founder of Fundstrat Global Advisors and a notable cryptocurrency pundit, believes that the current fair value of Bitcoin (BTC) is between USD$13,800 and USD$14,800, according to a note published on Thursday. Lee arrived at this valuation by taking into account the number of active wallet addresses, usage per account, and other supply and demand metrics. Additionally, Lee forecasted that the fair value of BTC will reach USD$150,000/coin once BTC wallets account for 7% of Visa’s 4.5bn account holders.
UAE Exchange, an exchange based in the United Arab Emirates (UAE), is partnering with Ripple to launch a blockchain-based cross-border remittances platform by 1Q2019, as per a Reuters report on Thursday. The report details further that Finablr, a payments and foreign exchange company that owns UAE Exchange, observes a high level of remittance inflows from expatriate workers in the Middle East region. “We expect to go live with Rippel by Q1, 2019 with two other Asian banks,” said Finablr CEO Promoth Manghat, adding, “This is for remittances to start with, from across the globe into Asia.”
De Nederlandsche Bank, the Netherlands’ central bank, will soon require domestic cryptocurrency providers to obtain a license from the regulator to operate, as per a report by Dutch news outlet DeTelegraaf. The Netherlands' central bank is taking these measures in the hope that it will, “prevent such cryptocurrencies from being used to launder money obtained through crime or to fund terrorism.” In order to receive a license, cryptocurrency firms must maintain Know-Your-Customer procedures and report any suspicious activity to the Dutch central bank.
Eddie Hughes, a conservative member of the United Kingdom’s Parliament, suggested that Bitcoin (BTC) should be accepted as legal tender for tax and utility payments, according to news outlet Express.co.uk. The article discusses that Hughes, who is a self-described, “crypto enthusiast with amateur knowledge,” recently met with the Royal National Lifeboat Institution, which accepts cryptocurrency donations. This news comes after the US state of Ohio announced that it would begin accepting BTC as legal tender for tax payments.
Following a case in Canadian courts that resulted in a ruling ordering mistakenly sent crypto funds to be returned to their owner, a blog post from the University of Oxford Faculty of Law is noting that there could be repercussions with the case potentially setting a precedent for lost or stolen cryptocurrency claims. The Canadian court case’s ruling will require defendant Brian Wall to return USD$370,482 worth of Ethereum (ETH) tokens to the plaintiff, Copytrack. The blog post from the University of Oxford Faculty of Law reads, ‘This precedent may have major repercussions for the enforcement of claims regarding lost or stolen cryptocurrencies,” adding that the ruling allows the plaintiff to recover tokens, “in whatsoever hands those Ether Tokens may currently be held.”
Japan’s government is considering plans to ease cryptocurrency taxes in an effort to revitalize the domestic cryptocurrency and blockchain industry. This week, Japanese Congressman Takeshi Fujimaki proposed four significant changes to taxation requirements pertaining to digital assets, which include: a reduction on the cryptocurrency gains tax from 55% to 20%; elimination of taxes on crypto-to-crypto payments; elimination of taxes on miniscule cryptocurrency payments; and an adjustment that would allow cryptocurrency investors to carry forward losses across quarters and years, effectively until cryptocurrencies are ‘cashed’ out.
Jay Clayton, Chairman for the United States Securities and Exchange Commission (US SEC), said during a speech that Initial Coin Offerings (ICOs), “can be effective,” for fundraising, but that, “securities laws must be followed.” Clayton went on in his speech to comment on the US SEC’s work regarding distributed ledger technology (DLT), digital assets, and ICOs, saying that it is an, “area where the Commission and staff have spent a significant amount of time,” and, “that this trend will continue in 2019.”
Jay Clayton, the Chairman of the US Securities and Exchange Commission (SEC), expressed his optimism for distributed ledger technology’s potential impact on traditional financial markets in a testimony before the US Senate Committee on Banking, Housing, and Urban Affairs yesterday. According to a transcript published on the SEC’s website, Clayton said, “I am optimistic that developments in distributed ledger technology can help facilitate capital formation, providing promising investment opportunities for both institutional and Main Street Investors.” Additionally, Clayton highlighted that the SEC is, “Focusing a significant amount of attention and resources on digital assets and initial coin offerings (ICOs).”
Maxim Akimov, the Deputy Prime Minister of Russia, announced that no significant changes will be made to the draft of a bill concerning cryptocurrency regulation in the country, as per news outlet Finmarket. The bill was already approved by Russia’s parliament, the State Duma, in May 2018, although the bill has generated substantial discussion since. Since approval of the bill, all cryptocurrency and token-related terminology have been removed and replaced with the term “digital rights”. At the beginning of December, Pavel Krasheninnikov, Chairman of Russia’s State Duma, said that the bill needed to be, “significantly,” changed.
Pan Gongsheng, a deputy governor of the People’s Bank of China, highlighted that Security Token Offerings (STOs) in China are illegal while speaking at a summit in Beijing. As per a report by news outlet the South China Morning Post, Gongsheng told the summit that, “illegal financing activities through STOs and ICOs were still rampant in the mainland despite a nationwide clean-up of the cryptocurrency market last year.” In citing reasoning for the continued ban on STOs, Gongsheng explained that, “Virtual money has become an accomplice to all kinds of illegal and criminal activities.”
Pantera Capital, a blockchain and cryptocurrency-focused investment firm and hedge fund, is warning investors that as much as a quarter of their ICO project could potentially be violating US securities laws, according to a Bloomberg report. In a newsletter to clients, Pantera Capital warned, “While we believe the vast majority of the projects in our portfolio should not be affected, approximately 25% of our fund’s capital is invested in other projects with liquid tokens that sold to US investors without using Regulation D or Regulation S”
Russia has no intention of implementing Venezuela’s state-backed digital currency, the Petro, into commercial operations, according to a report by news outlet RIA Novosti. While speaking to reporters this week, Russian Deputy Finance Minister Sergey Storchak said, “Representatives from our tax service and central bank... got acquainted with the cryptocurrency Venezuela is introducing,” adding, “But no more than that. As for payments, they’re not happening yet.”
South Korea’s representative body, the National Assembly, held its first official meeting with seven of the country’s largest cryptocurrency exchanges on Monday. The purpose of the meeting was to debate cryptocurrency regulation between stakeholders of South Korea’s cryptocurrency industry. Cryptocurrency exchanges Bithumb, CobitCoin, Coinone, Upbit, Gopax, Coinplug, and Hanbitco were among the attendees of the debate, which reportedly focused on Anti-Money Laundering (AML) customer protections and Know Your Customer (KYC) procedures.
The United Kingdom’s Financial Action Task Force (FATF), an intergovernmental financial security body, is calling on the country’s government to increase monitoring of cryptocurrency markets. According to an official report last week, the UK must overhaul its Anti-Money Laundering (AML) and combat terrorist financing (CFT) efforts in order to prevent illicit activities with cryptocurrencies. “Virtual currency exchange providers are not yet covered by AML/CFT requirements,” the report details, adding, “this is an emerging risk and there is not yet evidence to suggest that broad scale ML/TF is occurring in the UK through this relatively small sector.”
The United States Commodity Futures Trading Commission (CFTC) is interested in learning more about the Ethereum (ETH) network, its technology, and the markets build around it. On Tuesday, the CFTC published a Request for Input (RFI) that requests the public’s feedback on different questions concerning Ethereum. The RFI explains that its goal is to inform the CFTC about Ethereum and similar emerging technology, saying, “The input from this request will advance the CFTC’s mission of ensuring the integrity of the derivatives market as well as monitoring and reducing the systematic risk by enhancing legal certainty in the markets. The RFI seeks to understand the similarities and distinctions between certain virtual currencies, including here ether and bitcoin, as well as ether-specific opportunities, challenges, and risks.”
The United States Securities and Exchange Commission (US SEC) is ordering that cryptocurrency asset manager CoinAlpha Advisors LLC pay a USD$50,000 fine, alleging that the firm conducted an unregistered securities sale. After forming in October 2017, CoinAlpha raised more than USD$600,000 from investors to invest in digital assets. In an official release, the US SEC said that CoinAlpha did not file a Notice of Exempt Offering of Securities, meaning that the firm breached securities laws by soliciting securities investors. Additionally, the firm allegedly did not adhere to proper know-your-customer procedures to verify that investors were accredited.
Venezuela is reportedly beginning to convert its citizens’ monthly pension payments into Petros, Venezuela’s controversial state and oil-backed cryptocurrency, according to a report by local economics blog the Caracas Chronicles. The conversion of Venezuelan pensioners’ payments into Petros came after the country already sent pensioners their monthly payment in the form of a check for Venezuelan Bolivars -- normally, upon receiving their check, pensioners would deposit their funds into a bank account where they could then withdraw fiat from local branches. The Venezuelan government, however, converted pensioners’ fiat payments into the Petro upon their deposit into a bank. In the first few weeks of the Petro’s existence, its value has risen from 9,000 to more than 15,000.
Warren Davidson, an Ohio Congressman and notable advocate of blockchain and digital assets, is floating blockchain technology as a solution to fund US President Donald Trump’s prospective US-Mexico border wall. While interviewing with NPR, Congressman Davidson suggested, “the American people, or whomever should choose to donate,” could pay for the border wall, adding, “you could do it with sort of like a crowdfunding site or you could do a blockchain and you could have WallCoins.”
“The long-term value of Bitcoin (BTC) is more likely to be USD$100 than USD$100,000,” says Kenneth Rogoff, a former Chief Economist for the International Monetary Fund (IMF) and the current Harvard University Professor of Economics and Public Policy. While writing an article for major UK news outlet The Guardian, Rogoff highlighted that, because BTC’s use is limited to transactions, it makes the digital asset more vulnerable to a bubble-like collapse. Rogoff also cited that BTC’s energy-intensive verification processes is, “vastly less efficient,” than systems that leverage, “a trusted central authority like a central bank.”
A new report by PeckShield, a blockchain security company that monitors various cryptocurrency ecosystems, details that decentralized applications (DApps) on the EOS (EOS) blockchain have lost as much as USD$1mm in hacks since July 2018. The report details further that DApps on the EOS network have sustained 27 breaches since July, which are responsible for the up to 400,000 EOS that have been compromised from hacks. Guo Yonggang, a blockchain security expert cited in a report on the matter by crypto media firm Blockchain Truth, believes that the hacks can be attributed to security problems with the DApps themselves, rather than with the EOS network.
A new study published by the Cambridge Centre for Alternative Finance on Wednesday finds that the number of unique ID-verified cryptocurrency users nearly doubled in in the first 3 quarters of 2018. The study details that total ID-verified users increased to 35mm in the first three quarters of 2018 from 18mm at the end of 2017, representing an increase of 94%. As per an analysis of the study by Bloomberg, the growth of crypto’s userbase despite the market decline, “could signal that an eventual recovery could be coming.”
Amid the continued cryptocurrency sell-off, only two cryptocurrency mining machines remain profitable, according to real-time data from ASICMinerValue.com. ASICMInerValue.com, which calculates the profitability of Application-Specific Integrated Circuit (ASIC) miners, indicates that only indicates that only the Ebank Ebit E11++ and ASICminer 8 Nano 44Th mining models are profitable for mining cryptocurrencies based on the SHA-256 hash function -- notable cryptocurrencies like Bitcoin (BTC) and Bitcoin Cash (BCH) use this has function.
Bitmain, a large Chinese cryptocurrency mining firm, announced that it is closing its development center in Israel, citing current cryptocurrency market conditions. In closing Bitmaintech Israel, the crypto mining giant was forced to fire all 23 employees. Among the employees let go is Gadi Glikberg, head of Bitmain’s Israeli branch and Vice President of International Sales, who said on the recent market turmoil, “The crypto market has undergone a shake-up in the past few months, which has forced Bitmain to examine its various activities around the globe and to refocus its business in accordance with the current situation.”
Busan, a major South Korean city, will be the beneficiary of the South Korean government’s plan to spend 4bn Korean won (USD$3.5mm) to establish a blockchain-enabled virtual power plant (VPP). As per a report by South Korean news outlet Yonhap News Agency, the project will be angled as a national competition in 2019, hosted by South Korea’s largest electric utility, Korea Electric Power Corporation (KEPCO). The VPP will integrate the idle capacities of multiple energy resources through a cloud-based distributed ledger in order to optimize power generation and decrease costs.
Church’s Chicken, a large international fast food franchise, is partnering with Dash Venezuela to accept cryptocurrencies in its Venezuelan locations. According to an official press release, 13 Church’s Chicken establishments will begin accepting Dash (DASH) as payment following, “extensive and rigorous days of training,” staff to understand cryptocurrencies. With the addition of Church’s Chicken, more than 2,200 establishments in Venezuela accept DASH as payment.
Crypto.com, a Hong Kong-based cryptocurrency payments platform, announced the appointment of former PayPal executive Tyson Hackwood to serve as the firm’s Vice President and Head of Global Merchant Acquisition in an official press release today. Crypto.com aims to increase cryptocurrency adoption by both merchants and consumers through their point-of-sale (PoS) transaction terminals. Crypto.com CEO Kris Marszalek believes that Hackwood will be integral in furthering this goal, saying, “As we develop the Crypto.com Chain to fulfill the current industry need to pay and be paid in crypto, Tyson will play an important role in expanding the number and quality of merchants that are part of our network.”
Hyperledger, a notable blockchain consortium, is continuing its robust expansion after announcing the addition of 16 new members at the Hyperledger Global Forum in Basel, Switzerland. Among the notables to join the consortium are, Alibaba Cloud, Citigroup’s Citi Ventures arm, and Deutsche Telekom. The latest addition of 16 members brings the total membership of Hyperledger to more than 260 different companies. In a public statement, Hyperledger Executive Director Brian Behlendorf said that, “The growing Hyperledger community reflects the increasing importance of open source efforts to build enterprise blockchain technologies across industries and markets. The latest members showcase the widening interest in and impact of DLT and Hyperledger."
Jeremy Henrickson, the former Chief Product Officer at Coinbase, has departed the US-based cryptocurrency exchange after serving since July 2016. “Jeremy’s contributions to Coinbase over the past two years were invaluable,” said a Coinbase spokesperson, adding that, “he helped to build our scrappy startup team into a high-functioning product and engineering organization -- overseeing a 5x+ growth of the team.” Henrickson’s departure comes after long-term Coinbase executives Adam White and Hunter Merghart left the US-based cryptocurrency exchange in recent months.
LinkedIn’s, “2018 U.S. Emerging Jobs,” report released on Thursday ranks the role of blockchain developer as the fastest growing job in the United States. The report by LinkedIn indicates that blockchain developer jobs have increased 33-fold in the past 12 months alone. San Francisco, New York City, and Atlanta are among the cities with the highest demand for blockchain developer jobs.
Orbs, a unique hybrid blockchain platform, raised more than USD$15mm in cryptocurrencies to fund its development of a public blockchain, according to a company blog post. South Korean application provider Kakao lead the fundraising efforts with a representative telling CoinDesk that the company, “always seeks to invest and support innovative startups, and Orbs is a good example.” In total, Orbs raised 139,000 Ether (ETH) and 892 Bitcoin (BTC), amounting to roughly USD$15.4mm. Orbs aims to build a public blockchain with this funding that is, “universal,” and, “scalable,” for decentralized applications (DApps) with the, “liquidity of a base layer.”
Samsung has reportedly filed patent applications for three different blockchain-related trademark requests that all pertain directly to smartphones, according to news outlet Galaxy Club. Specifically, the patents named “Blockchain KeyStore”, “Blockchain Key Box”, and “Blockchain Core” all pertain to cryptocurrency custody capabilities on smartphones. This news comes amid the release of HTC’s Exodus 1 and Sirin Labs’ FINNEY, both of which are being marketed as blockchain smartphones with cryptocurrency custody capabilities.
CheapAir.com appears to have chosen self-hosted payment processor BTCPay for its Bitcoin payments, removing BitPay. The firm stats that
Coinbase is sun-setting their merchant platform next week which has led to a need for an alternative processor. Coinbase mentioned that it would be retiring its merchant processing function in April which the cryptocurrency industry condemned.
Caspian Partners, a cryptocurrency portfolio and risk management platform announced a partnership with Bitmex. Caspian customers will now have a unified trading module with more liquidity. The firm provides order and execution management system (OEMS), risk management system (RMS), and a portfolio management system (PMS).
US transportation company Norfolk Southern Corp (NSC) revealed it is joining the Blockchain in Transport Alliance (BITA) in a company announcement yesterday. The BITA association formed in 2017 and aims to develop blockchain applications to the transport and logistics industries. BITA also includes organizations like FedEx (FDX), Uber, UPS (UPS) and GE Transportation.
Thailand’s largest bank has joined a trade finance program utilizing R3’s Corda distributed ledger technology (DLT). R3 is a consortium of over 200 companies that uses technology on blockchain to allow businesses to develop applications on top of its Corda platform.
The Bank of China will use blockchain technology to alleviate poverty in the Tibet Autonomous Region, a province with a poverty rate of 12.4%. The Bank of China has developed a cloud-based system to manage a local poverty reduction fund in the past. The bank has decided to upgrade the existing system with blockchain technology and set up a multi-node blockchain network to connect with their partners like the Agricultural Bank of China
A Czech Republic utility company will begin accepting payments in cryptocurrencies. Pražská Plynárenská is one of the major suppliers of natural gas in the Czech Republic. In June it will establish a payment payment gateway which will transfer bitcoin payments into fiat currency.
A recent study by the Warwick Business School claims that investor sentiment is driving cryptocurrency prices. The study analyzed the top 14 cryptocurrencies based on market capitalization. The primary conclusion was that hype and emotions played the most significant role in determining whether the price of a cryptocurrency rises or falls.
Bitcoin Gold (BTG) has suffered from a 51% attack resulting in a loss USD$17.5mm. The 51% attack permitted double spending to occur. According to the Bitcoin Gold (BTG) team, exchanges have been targeted rather than individual users.
South Africa’s Reserve Bank has chose to call cryptocurrencies “cyber-tokens” because they don’t meet the requirements of money.
In Colombia, two Bitcoin Cash (BCH) proponents have developed a payment processor called Bitek.co. The company offers merchants processing with payable invoices and accounting services as the Bitek platform provides merchants with the ability to accept BCH and covert all or a percentage of the funds into Colombian pesos.
Employees in Ukraine were recently caught using the police department’s resources for four months to mine Bitcoin. In April, mining equipment was found in the office of the Communications Deparment which include eight graphics cards, six power units, two hard drives, a motherboard and a complete system.
VeChain (VEN), a Shanghai-based blockchain startup is testing a blockchain application which verifies a wine supply chain and fights counterfeits. The Chinese wine industry is worth USD$2.8bn and reportedly the Chinese consume wine that is not authentic which as weakened public trust in the quality of the product.
Ireland has clarified taxation on the cryptocurrency space. In terms of direct taxes: corporation tax, income tax and capital gains tax are all applicable, but each case should be reviewed separately.
Barcelona will create a blockchain center in the city’s tech hub. The location will be next to Barcelona Tech City which opened in the Summer of 2016 and will most likely be occupied by Spanish blockchain network Alastria.
Bitfury-backed Hut 8 Mining Group mined more than 800 bitcoins in the first quarter of 2018. The company raised CAD$70mm to continue investing in hardware and generated nearly CAD$11mm in revenue.
Commerzbank and multinational conglomerate Thyssenkrupp have successfully conducted an FX transaction on a blockchain platform. Thyssenkrupp transferred 500,000 euros in an exchange rate between the euro and the Polish zloty at some point in future.
Surkus has raised USD$10mm in Series B funding led by EOS global, a USD$200mm venture fund formed earlier this year. The venture fund is making its first investment and it aims to leverage the EOSIO blockchain to catalyze the transformation of the digital assets space.
CoTrader is introducing a decentralized fund management platform that includes cryptocurrency. CoTrader is a blockchain trading platform and it plans to disrupt investment funds to become the world’s largest outlet for all assets.
The Deutsche Boerse, owner of the Frankfurt Stock Exchange is considering offering cryptocurrency products according to a report. A move into the crypto space may not be immediate as Jeffrey Tessler, the firm’s head of clients, said the firm must “make sure we understand the underlying transaction which isn’t the easiest thing to do”.
Two Russian financial institutions are set to test a regulatory platform that aims to make domestic initial coin offerings (ICOs) more transparent and secure for traditional investors. The Russian National Settlement Depository (NSD) announced on Thursday that it is working with Sberbank CIB, to test an ICO issuance platform launched by the Bank of Russia.
The US Department of Justice has reportedly launched a criminal investigation into cryptocurrency traders who may have manipulated the market with old-school illicit tactics, such as spoofing. The investigation is also being conducted with the Commodity and Futures Trading Commission (CFTC).
American Express is exploring using blockchain technology to increase security for both users and merchants. The firm is exploring an identity wallet and whether blockchain can be used.
Russian State Duma has approved its first reading of a legislation package that regulates crypto-related matters and activities. The legal texts will open the way for legalization of cryptocurrencies in the Russian Federation, including their exchange and circulation under certain conditions.
Revolut, a British based company that created the first app to allow customers to invest in Bitcoin, has announced it will be adding Ripple (XRP) and Bitcoin Cash (BCH) to its platform. Revolut began as an app allowing users to transfer fiat currencies, but now has four cryptocurrencies on its platform.
Banks are losing international payments business. Banks have lost 40% of market share for consumer-to-consumer (C2C) cross border payments to non-banks over the last year. Banks have also lost 30% of the consumer-to-business (C2B) and 5% of the business-to-business (B2B) payments market over the last year.
Japanese IT giant, GMO Internet is set to roll out the world’s first bitcoin mining device based on 7nm chips within the year. The firm is launching a new B2 miner on June 6 with mass production to follow and shipment starting by the end of October.
Coinbase has acquired a service called Paradex, a cryptocurrency trading service that lets users trade many digital tokens on a decentralized exchange. The exchange relies on smart contracts to allow users to trade tokens without a centralized authority to record the transactions on a blockchain.
Money Forward, Japan’s most popular personal budgeting app, is launching a crypto asset exchange this year. The firm plans to launch a crypto media platform by Summer followed by an exchange and the construction of a digital asset remittance and settlement system.
The Marshal Islands have replaced the USD$ with its own cryptocurrency. The bill was signed March first but the news is catching attention this week. US Dollars will still be accepted, yet the nation’s cryptocurrency, the “sovereign” will need to be integrated into the country’s financial system. An initial coin offering will take place and the supply will be capped at 24mm tokens
Bank of America has been awarded a patent to let users access a certain blockchain network known as a distributed validating network. Certain users will be granted permission and data will be stored in blocks in which a system can automate this process.
Singaporean-based virtual social trading platform, TrakInvest is looking to become one of the first Asian-based projects to use Hedera Hashgraph’s distributed ledger technology.
Norway’s central bank is preparing for a future in which it might issue a digital currency due to a drop in usage of cash in the country. The Norges Bank released a report titled “Central Bank Digital Currencies” which highlighted that the bank must consider several new attributes that are important for ensuring an efficient robust payment system
Overstock.com’s Tzero is planning to launch a regulated exchange for security tokens in collaboration with Box Digital Markets. The companies will seek approval from the SEC.
A Spanish Central Bank Governor believes that cryptocurrencies will bring more risk than benefits. Luis Maria Linde said that blockchain offers interesting possibilities but that is not quite mature.
Rural banks in the Philippines are looking to adopt blockchain technology in a bid to improve inclusion for residents. The initiative is led by the Union bank of the Philippines, one of the country’s largest banking institutions.
India is considering taxing cryptocurrency at 18% as ‘intangible property’ according to a report issued today. The report detailed that purchases or sales of cryptocurrencies are considered supply of goods and those facilitating transactions should be treated as services.
Every Capital is launching Australia’s first retail crypto hedge fund with the goal of making crypto assets accessible to every Australian investor. Investors will be able to sign up in a fund that covers a range of cryptocurrencies and initial coin offerings (ICOs).
The Pentagon and Defense department are weighing on whether owning cryptocurrency is problematic for those who already have security clearances and for those individuals requesting government security clearances.
Steemit, the platform of cryptocurrency of Steem (STEEM) has announced they have over 1,000,000 users. The blockchain processes over one million transactions daily. The Steemit.com website receives over 250,000 unique visitors every day
CheapAir.com adds Litecoin (LTC) Dash (DASH) and Bitcoin Cash (BCH) to its payment options for travelers. The firm first begin accepting cryptocurrency by agreeing to receive payments in Bitcoin (BTC) back in 2013.
The Monetary Authority of Singapore (MAS), is proposing changes to existing regulations that would ease market entry for blockchain-based and decentralized exchanges. According to a paper published yesterday, the MAS states that the single tier “recognized market operators” regulatory framework cannot meet the demand for new business models based on such emerging technologies.
Chilean President, Mario Marcel has recently made comments in favor of developing a regulatory apparatus for virtual currencies. This openness contrasts the country’s recent banking embargo targeting cryptocurrencies in Chile.
MIT is demoing a use case for bitcoin’s lightning network – how the cryptocurrency can be combined with smart contracts to not only handle millions of transactions, but also with more complexity. Verge (XVG) has experienced its second hack in less than two months.
Executives are citing a DDoS attack which is giving its blockchain a serious delay. The attack has lasted more than a few hours and has resulted in over 35mm XVG tokens being stolen. CoinGate, a payment gateway for cryptocurrencies, is planning to launch
Bitcoin Lightning Network payments on its platform. The company serves over 4,000 merchants globally and will allow companies to accept bitcoin and altcoin payments which can be transferred in BTC, EUR€ or USD$ as payouts.
The Ontario Securities Commission (OSC) is cracking down on unlicensed companies involved in the cryptocurrency space. Companies that the Commission is targeting include investment and trading companies.
A bank in Argentina could soon become the first in the world to begin using Bitcoin for customers’ international remittances. Banco Mansventas (BMV) partnered with local blockchain financial services firm Bitex and are looking to move away from the SWIFT clearing network which has seen multiple failures and security problems in recent years.
Payments startup, Circle has launched the full version of its crypto investment app. After a soft launch, the company has rolled out an investment focused app and one of the features is a “Buy the Market” tool for new cryptocurrency investors.
China Central Television (CCTV) has said that domestic initial coin offerings (ICOs) are still rampant despite a 2017 ban. The network went on to discuss that “air coins”, or token projects that are not backed by legally registered business entities have increased by 30x since the ICO crackdown.
A new crypto teller machine is now operational in Johannesburg, South Africa. The ATM supports several digital coins and joins a growing number of terminals offering automated crypto-fiat exchange services in the country and across the continent.
Japan’s largest bank, Mitsubishi UFJ Financial Group (MUFG) is partnering with Akamai to handle up to 1mm transactions per second using blockchain technology. The platform will confirm transactions within 2 seconds or less and batches of transactions will adhere to the same schedule.
Lawmakers in Taiwan are forming a new parliamentary group aimed to foster the growth of the nation’s emerging blockchain sector. The group will be called the Taiwan Parliamentary Coalition for Blockchain (TPCB).
The Bitcoin community is celebrating the 8th anniversary of the “Bitcoin Pizza Day” which is a celebratory day of a Pizza purchased with Bitcoin. On today’s date 8 years ago, Bitcoin was trading at $.0004 and Laszio Hanyecz purchased two pizzas from Papa John’s for USD$41 using 10,000 BTC
Ohio may become the latest US state to legally recognize smart contracts and records stored on a blockchain. The Senate Bill 300, amends sections of the Uniform Electronic Transactions act and will include blockchain records and smart contracts as electronic records.
Virtuse, a Singaporean cryptocurrency exchange, is connecting crypto markets with global financial assets, commodities, government emission allowances and stock indices to eliminate the middlemen and provide transparency to the financial sector.
The US Commodity Futures Trading Commission (CFTC) has issued an advisory statement for listing virtual currency derivative products. The director of the Division of Market Oversight (DMO) has said that the CFTC staff will seek to provide additional guidance to help market participants keep pace with innovation while complying with CFTC regulations.
American aviation company TapJets is considering adding Ripple (XRP) and Litecoin (LTC) to its fleet of payment options. The company inquired about which cryptocurrencies to add via a Twitter poll, and 57,000 users voted.
Spain’s financial regulator has clarified its position on regulated investment funds investing directly in cryptocurrencies. The regulatory body stated that an investment fund registered with the countries National Securities Market Commission can make investments in cryptocurrencies.
Blockchain startup ShareRing is developing a mobile application to consolidate sharing services worldwide. The sharing economy is currently valued at over USD$100bn according to Brookings.
Polish Finance Ministry is rolling back a cryptocurrency tax and is making promises to provide smarter regulation. The ministry will be conducting an “in-depth analysis” of the crypto space to create better regulation and taxation policies going forward.
Walmart has submitted a patent application to track items the store sells to customers. The proposed system would allow a customer to register the item after it is purchased.
TradingView, a software website that many cryptocurrency traders use just raised USD$37mm in funding which was led by Insight Venture Partners. Currently the company receives 75% of its revenues from monthly subscription plans that offer more charts, data and real-time server-side alerts
A “cryptosweep” was launched today in the US and Canada by a group of securities regulators. Nearly 70 inquiries and investigations, and 45 pending or completed enforcement actions will be taken, although it is unclear when the related enforcement actions will be publicly announced
The team behind Parity Technologies have announced they are shutting down PICOPS, a service used by ICO campaigns to comply with regulations by validating that the owner of an Ethereum wallet has already passed an ID background check.
The Australian Competition and Consumer Commission (ACCC) has shown in a report that crypto related fraud made up a tiny percent of scam activity in 2017. Of the 200,000 scams reporting, only 0.61% of the financial claims made were crypto related – USD$2.1mm
LMAX Exchange Group is setting up the first cryptocurrency exchange for institutional clients. The group will focus on liquid established cryptocurrencies which include: Bitcoin (BTC), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH).
Former OKEx cryptocurrency exchange CEO, Chris Lee, is now joining rival cryptocurrency exchange Huobi. In a public note, Lee suggested that OKCoin has experienced notable turnover in senior executives over the past few years which may have affected his decision.
Nearly 40% of all Chinese blockchain startups emerged in 2017, according to China’s Ministry of Industry and Information Technology. The report highlighted that China currently has 456 startups focused on blockchain technology development as part of their core business.
Japan Cryptocurrency exchange Coincheck will delist Monero and three other privacy coins from Coincheck, one of the country’s most popular exchanges. Japan’s Financial Services Agency (FSA) believes that users have too much anonymity with these cryptocurrencies.
Bankex Smart Justice is bringing arbitration to blockchain technology. If users are in disagreement, Bankex claims the firms technology can help users settle
Thomas Lee owns up to his failed prediction of Bitcoin (BTC) rising ahead of Blockchain week. In a note to clients before Consensus 2018, Lee predicted that Bitcoin (BTC) would surge anywhere from 10-70% yet during the week, the price of Bitcoin (BTC) fell
Authored by Valentin Schmid via The Epoch Times, While the price of bitcoin drops, miners get more creative... and some flourish. The bitcoin price is crashing; naysayers and doomsayers are having a field day. The demise of the dominant cryptocurrency is finally happening — or is it? Bitcoin has been buried hundreds of times, most notably during the brutal 90 percent decline from 2013 to 2015. And yet it has always made a comeback. Where the skeptics are correct: The second bitcoin bubble burst in December of last year and the price is down roughly 80 percent from its high of $20,000. Nobody knows whether and when it will see these lofty heights again. As a result, millions of speculators have been burned, and big institutions haven’t showed up to bridge the gap. This also happened on a smaller scale in 2013 after a similar 100x run-up, and it was necessary.
Time to Catch Up
What most speculators and even some serious proponents of the independent and decentralized monetary system don’t understand: Bitcoin needs these pauses to make improvements in its infrastructure. Exchanges, which could not handle the trading volumes at the height of the frenzy and did not return customer service inquiries, can take a breather and upgrade their systems and hire capable people. The technology itself needs to make progress and this needs time. Projects like the lightning network, a system which delivers instant bitcoin payments at very little cost and at virtually unlimited scale is now only available to expert programmers. A higher valuation is only justified if these improvements reach the mass market. And since we live in a world where everything financial is tightly regulated, for better or worse, this area also needs to catch up, since regulators are chronically behind the curve of technological progress. And of course, there is bitcoin mining. The vital infrastructure behind securing the bitcoin network and processing its transactions has been concentrated in too few hands and in too few places, most notably China, which still hosts about 70 percent of the mining capacity.
The Case For Mining
Critics have always complained that bitcoin mining consumes “too much” electricity, right now about as much as the Czech Republic. In energy terms this is around 65 terawatt hours or 230,000,000 gigajoules, costing $3.3 billion dollars according to estimates by Digiconomist. For the non-physicists among us, this is around as much as consumed by six million energy-guzzling U.S. households per year. All those estimates are imprecise because the aggregate cannot know how much energy each of the different bitcoin miners consumes and how much that electricity costs. But they are a reasonable rough estimate. So it’s worth exploring why mining is necessary to begin with and whether the electricity consumption is justified. Anything and everything humans do consumes resources. The question then is always: Is it worth it? And: Who decides? This question then leads to the next question: Is it worth having and using money? Most people would argue yes, because using money instead of barter in fact makes economic transactions faster and cheaper and thus saves resources, natural and human. _Merchants exchange goods with the inhabitants of Tidore, Indonesia, circa 1550. Barter was supplanted by using money because it is more efficient. (Archive/Getty Images)_If we are generously inclined, we will grant bitcoin the status of a type of money or at least currency as it meets the general requirements of being recognizable, divisible, portable, durable, is accepted in exchange for other goods and services, and in this case it is even limited in supply. So having any type of money has a price, whether it’s gold, dollar bills, or numbers on the screen of your online banking system. In the case of bitcoin, it’s the electricity and the capital for the computing equipment, as well as the human resources to run these operations. If we think having money in general is a good idea and some people value the decentralized and independent nature of bitcoin then it would be worth paying for verifying transactions on the bitcoin network as well as keeping the network secure and sound: Up until the point where the resources consumed would outweigh the efficiency benefits. Just like most people don’t think it’s a bad idea to use credit cards and banks, which consume electricity too. However, bitcoin is a newcomer and this is why it’s being scrutinized even more so than the old established players.
Different Money, Different Costs
How many people know how much electricity, human lives, and other resources gold mining consumes or has consumed in the course of history? What about the banking system? Branches, servers, air-conditioning, staff? What about printing dollar notes and driving them around in armored trucks? What about the social effects of monetary mismanagement of bank and government money like inflation as well as credit deflations? Gold gets a pass here. Most people haven’t asked that question, which is why it’s worth pointing out the only comprehensive study done on the topic in 2014. In “An Order of Magnitude” the engineer Hass McCook analyzes the different money systems and reaches mind-boggling conclusions. The study is a bit dated and of course the aggregations are also very rough estimates, but the ball park numbers are reasonable and the methodology sound. In fact, according to the study, bitcoin is the most economic of all the different forms of money. Gold mining in 2014 used 475 million GJ, compared to bitcoin’s 230 million in 2018. The banking system in 2014 used 2.3 billion gigajoules. Over 100 people per year die trying to mine gold. But mining costs more than electricity. It consumes around 300,000 liters of water per kilogram of gold mined as well as 150 kilogram (330 pounds) of cyanide and 1500 tons of waste and rubble. The international banking system has been used in all kinds of fraudulent activity throughout history: terrorist financing, money laundering, and every other criminal activity under the sun at a cost of trillions of dollars and at an order of magnitude higher than the same transactions done with cryptocurrency and bitcoin. And of course, while gold has a relatively stable value over time, our bank and government issued money lost about 90 percent of its purchasing power over the last century, because it can be created out of thin air. This leads to inflation and a waste of physical and human resources because it distorts the process of capital allocation. _The dollar has lost more than 90 percent of its value since the creation of the Federal Reserve in 1913. (Source: St. Louis Fed)_This is on top of the hundreds of thousands of bank branches, millions of ATMs and employees which all consume electricity and other resources, 10 times as much electricity alone as the bitcoin network. According to monetary philosopher Saifedean Ammous, author of “The Bitcoin Standard,” the social benefit of hard money, i.e. money that can’t be printed by government decree, cannot even be fathomed; conversely, the true costs of easy money—created by government fiat and bank credit—are difficult to calculate. According to Ammous, bitcoin is the hardest money around, even harder than gold because its total supply is capped, whereas the gold supply keeps increasing at about 1-2 percent every year. “Look at the era of the classical gold standard, from 1871, the end of the Franco–Prussian War, until the beginning of World War I. There’s a reason why this is known as the Golden Era, the Gilded Age, and La Belle Epoque. It was a time of unrivaled human flourishing all over the world. Economic growth was everywhere. Technology was being spread all over the world. Peace and prosperity were increasing everywhere around the world. Technological innovations were advancing. “I think this is no coincidence. What the gold standard allowed people to do is to have a store of value that would maintain its value in the future. And that gave people a low time preference, that gave people the incentive to think of the long term, and that made people want to invest in things that would pay off over the long term … bitcoin is far closer to gold. It is a digital equivalent of gold,” he said in an interview with The Epoch Times. Of course, contrary to the gold standard that Ammous talks about, bitcoin doesn’t have a track record of being sound money in practice. In theory it meets all the criteria, but in the real world it hasn’t been adopted widely and has been so volatile as to be unusable as a reliable store of value or as the underlying currency of a productive lending market. The proponents argue that over time, these problems will be solved the same way gold spread itself throughout the monetary sphere replacing copper and seashells, but even Ammous concedes the process may take decades and the outcome is far from certain. Gold is the safe bet for sound money, bitcoin has potential. There is another measure where bitcoin loses out, according to a recent study by researchers from the Oak Ridge Institute in Cincinnati, Ohio. It is the amount of energy expended per dollar for different monetary instruments. One dollar worth of bitcoin costs 17 megajoules to mine versus five for gold and seven for platinum. But the study omits the use of cyanide, water, and other physical resources in mining physical metals. In general, the comparisons in dollar terms go against bitcoin because it is worth relatively less, only $73 billion in total at the time of writing. An issue that could be easily fixed at a higher price, but a higher price is only justified if the infrastructure improves, adoption increases, volatility declines, and the network proves its resilience to attacks over time. In the meantime, market participants still value the fact they can own a currency independent of the government, completely digital, easily fungible, and limited in supply, and relatively decentralized. And the market as a whole is willing to pay a premium for these factors reflected in the higher per dollar prices for mining bitcoin.
The Creativity of Bitcoin Mining
But where bitcoin mining lacks in scale, it makes up for it in creativity. In theory—and in practice—bitcoin mining can be done anywhere where there is cheap electricity. So bitcoin mining operations can be conducted not where people are (banking) or where government is (fiat cash) or where gold is (gold mining)—it can be done everywhere where there is cheap electricity Some miners are flocking to the heat of the Texan desert where gas is virtually available for free, thanks to another oil revolution. Other miners go to places where there is cheap wind, water, or other renewable energy. This is because they don’t have to build bank branches, printing presses, and government buildings, or need to put up excavators and conveyor belts to dig gold out of the ground. All they need is internet access and a home for the computers that look like a shipping container, each one of which has around 200 specialized bitcoin mining computers in them. “The good thing about bitcoin mining is that it doesn’t matter where on earth a transaction happens, we can verify it in our data center here. The miners are part of the decentralized philosophy of bitcoin, it’s completely independent of your location as well,” said Moritz Jäger, chief technology officer at bitcoin Mining company Northern Bitcoin AG.
But so far, this decentralization hasn’t worked out as well as it sounds in theory. Because Chinese local governments had access to subsidized electricity, it was profitable for officials to cut deals with bitcoin mining companies and supply them with cheap electricity in exchange for jobs and cutbacks. Sometimes the prices were as low as 2 dollar cents to 4 dollar cents per kilowatt hour. This is why the majority of bitcoin mining is still concentrated in China (around 70 percent) where it was the most profitable, but only because the Chinese central planners subsidized the price of electricity. This set up led to the by and large unwanted result that the biggest miner of bitcoin, a company called Bitmain, is also the biggest manufacturer of specialized computing equipment for bitcoin mining. The company reported revenues of $2.8 billion for the first half of 2018. Tourists walk on the dunes near a power plant in Xiangshawan Desert in Ordos of Inner Mongolia, in this file photo. bitcoin miners have enjoyed favorable electricity rates in places like Ordos for a long time. (Feng Li/Getty Images)Centralized mining is a problem because whenever there is one player or a conglomerate of players who control more than 50 percent of the network computing power, they could theoretically crash the network by spending the same bitcoin twice, the so called “double spending problem.“ They don’t have an incentive to do so because it would probably ruin the bitcoin price and their business, but it’s better not to have to rely on one group of people controlling an entire money system. After all, we have that exact same system with central banking and bitcoin was set up as a decentralized alternative. So far, no player or conglomerate ever reached that 51 percent threshold, at least not since bitcoin’s very early days, but many market participants always thought Bitmain’s corner of the market is a bit too close for comfort. This favorable environment for Chinese bitcoin mining has been changing with a crack down on local government electricity largess as well as a crackdown on cryptocurrency. Bitcoin itself and mining bitcoin remain legal in China but cryptocurrency exchanges have been banned since late 2017. But more needs to be done for bitcoin to become independent of the caprice of a centralized oppressive regime and local government bureaucrats.
Northern Bitcoin Case Study
Enter Northern Bitcoin AG. The company isn’t the only one which is exploring mining opportunities with renewable energies in locations other than China. But it is special because of the extraordinary set up it has for its operations, the fact that it is listed on the stock exchange in Germany, and the opportunities for scaling it discovered. The operations of Northern Bitcoin combine the beauties of bitcoin and capitalism in one. Like Texas has a lot of oil and free gas and it makes sense to use the gas rather than burn it, Norway has a lot of water, especially water moving down the mountains due to rainfall and melting snow. And it makes sense to use the power of the movement of the water, channel it through pipes into generators to create very cheap and almost unlimited electricity. Norway generates north of 95 percent of its total electricity from hydropower. A waterfall next to a hydropowerplant near Sandane, Norway, Oct. 25, 2018. (Valentin Schmid/The Epoch Times)Capitalism does not distinguish between renewable and fossil. It uses what is the most expedient. In this case, it is clearly water in Norway, and gas in Texas. As a side note on the beauties of real capital and the fact that capital and the environment need not be enemies, the water in one of the hydropowerplants close to the Northern Bitcoin facility is piped through a generator made in 1920 by J.M. Voith AG, a company from Heidenheim Germany. The company was established in 1867 and is still around today. The generator was produced in 1920 and is still producing electricity today.
In the remote regions of Northern Norway, there aren’t that many people or industry who would use the electricity. And rather than transport it over hundreds of miles to the industrial centers of Europe, the industries of the future are moving to Norway to the source of the cheap electricity. Of course, it is not just bitcoin mining, but other data and computing heavy operations like server farms for cloud computing that can be neatly packaged into one of those containers and shipped up north. “The containers are beautiful. They are produced in the middle of Germany where the hardware is enabled and tested. Then we put it on a truck and send it up here. When the truck arrives on the outside we lift it on the container vehicle. Two hours after the container arrives, it’s in the container rack. And 40 hours later we enable the cooling, network, power, other systems, and it’s online,” said Mats Andersson, a spokesman for the Lefdal Mine data center in Måløy, Norway, where Northern Bitcoin has its operations. Plug and play. A Northern Bitcoin data container inside the Lefdal Mine data center, in Måløy, Norway. (Northern Bitcoin)If the cheap electricity wasn’t enough—around 5 cents per kilowatt hour compared to 17 cents in Germany—Norway also provides the perfect storage for these data containers, which are normally racked up in open air parks above the ground. Also here, the resource allocation is beautiful. Instead of occupying otherwise useful and beautiful parcels of land and nature, the Northern Bitcoin containers and others are stored in the old Lefdal olivine mine. Olivine is a mineral used for steel production and looks green. Very fitting. Hence also the name of the data center: Lefdal Mine. “We take the green mineral out and we take the green IT in,” said Andersson.
Using the old mine as storage for the data center makes the whole process even more resource efficient. Why? So far, we’ve only been talking about bitcoin mining using a lot of energy. But what for? Before you have actually seen the process in action—and it is similar for other computing operations—you cannot imagine how bizarre it is. Most of the electricity is used to prevent the computers from overheating. So it’s not even the processors themselves; it’s the fans which cool the computer that use the most juice. This is where the mine helps, because it’s rather cool 160 meters (525 feet) below sea level; certainly cooler than in the Texas desert. But it gets even better. On top of the air blow-cooling the computer, the Lefdal data center uses a fresh water system to pump through the containers in pipes. The fans can then circulate air over the cool pipes which transfer the heat to the water. One can feel the difference when touching the different pipes. The fresh water closed circle loop then completes the “green” or resource efficiency cycle by transferring its heat to ice cold water from the nearby Fjord. The water is sucked in through a pipe from the Fjord, the heat gets transferred without the water being mixed, and the water flows back to the Fjord, without any impact on the environment. To top it all off, the mine has natural physical security far better than open air data centers and is even protected from an electromagnetic pulse blast because it’s underground.
_The Nordfjord near Måløy, Norway. The Lefdal data center takes the cold water from the fjord and uses it to cool the computer inside the mine. (Valentin Schmid/The Epoch Times)_Company Dynamics
Given this superlative set up, Northern Bitcoin wants to ramp up production as fast as possible at the Lefdal mine and other similar places in Norway, which have more mountains where data centers can be housed. At the moment, Northern Bitcoin has 15 containers with 210 mining machines each. The 15 containers produce around 5 bitcoin per day at a total cost of around $2,500 dollars at the end of November 2018 and after the difficulty of solving the math problems went down by ~17 percent. Most of it is for electricity; the rest is for leasing the containers, renting the mine space, buying and writing off the mining computers, personnel, overhead, etc. Even at the current relatively depressed prices of around $4000, that’s a profit of $1500 per bitcoin or $7,500 per day. But the goal is to ramp it up to 280 containers until 2019, producing 100 bitcoin per day. Again, the company is in the sweet spot to do this. As opposed to the beginning of the year when one could not procure a mining computer from Bitmain even if one’s life depended on it, the current bear market has made them cheap and relatively available both new and second had from miners who had to cease operations because they can’t produce at low bitcoin prices. Northern Bitcoin containers inside the Lefdal Mine data center in Måløy, Norway. (Northern Bitcoin)What about the data shipping containers? They are manufactured by a company called Rittal who is the world market leader. So it helps that the owner of Rittal also owns 30 percent of the Lefdal mine, providing preferential access to the containers. Northern Bitcoin said it has enough capital available for the intermediate goal of ramping up to 50 containers until the end of year but may tap the capital markets again for the next step. The company can also take advantage of the lower German corporate tax rate because revenue is only recorded when the bitcoin are sold in Germany, not when they are mined in Norway. Of course, every small-cap stock—especially bitcoin companies—have their peculiarities and very high risks. As an example, Northern Bitcoin’s financial statements, although public, aren’t audited. The equipment in the Lefdal mine in Norway is real and the operations are controlled by the Lefdal personnel, but one has to rely on exclusive information from the company for financials and cost figures, so buyer beware.
Northern Bitcoin wants to have 280 containers, representing around 5 percent of the network’s computing power. But the Lefdal mine alone has a capacity to power and cool 1,500 containers in a 200 megawatt facility, once it is fully built out. “Here you have all the space, power, and cooling that you need. … Here you can grow,” said Lefdal’s Andersson. A mine shaft in the Lefdal Mine data center in Måløy, Norway. The whole mine will have a capacity for 1500 containers once fully built out. (Valentin Schmid/The Epoch Times)The Norwegian government was behind an initiative to bring computing power to Norway and make it one of the prime destinations for data centers at the beginning of this decade. To that effect, the local governments own part of the utility companies which operate the power plants and own part of the Lefdal Mine and other locations. But even without notable subsidies (i.e. cash payments to companies), market players were able to figure it out, for everybody’s benefit. The utilities win because they can sell their cheap electricity close to home. The computing companies like IBM and Northern Bitcoin win because they can get cheap electricity, storage, and security. Data center operators like Lefdal win because they can charge rent for otherwise unused and unneeded space. However, in a recent about face, the central government in Oslo has decided to remove cryptocurrency miners from the list of companies which pay a preferential tax rate on electricity consumption. Normally, energy intensive companies, including data centers, pay a preferential tax on electricity consumed of 0.48 øre ($0.00056 ). According to a report by Norwegian media Aftenposten, this tax will rise to 16.58 øre ($0.019) in 2019 for cryptocurrency miners exclusively. The argument by left wing politician Lars Haltbrekken who sponsored the initiative: “Norway cannot continue to provide huge tax incentives for the most dirty form of cryptocurrency output […] [bitcoin] requires a lot of energy and generates large greenhouse gas emissions globally.” Since Norway generates its electricity using hydro, precisely the opposite is true: No greenhouse gas emissions, or any emissions for that matter would be produced, if all cryptomining was done in Norway. As opposed to China, where mining is done with coal and with emissions. But not only in Norway is the share of renewable and emission free energy high. According to research by Coinshares, Bitcoin’s consumes about 77.6 percent of its energy in the form of renewables globally. However self-defeating the arguments against bitcoin mining in Norway, the political initiative is moving forward. What it means for Northern Bitcoin is not clear, as they house their containers in Lefdal’s mixed data center, which also has other clients, like IBM. “It’s not really decided yet; there are still big efforts from IT sectors and parties who are trying to change it. If the decision is taken it might apply for pure crypto sites rather than mixed data centers, like ours,” said Lefdal’s Andersson. Even in the worst-case scenario, it would mean an increase from ~5 cents to ~6.9 cents per kilowatt hour, or 30 percent more paid on the electricity by Northern Bitcoin, which at ~$3250 would still rank it among the most competitive producers in the world. Coinshares estimates the average production price at $6,800 per Bitcoin at $0,05 per kilowatt hour of electricity and an 18-months depreciation schedule, but concedes that a profitable miner could “[depreciate] mining gear over 24-30 months, or [pay] less for mining gear than our estimates.” Jäger says Northern Bitcoin depreciates the equipment over three years and has obtained very favorable prices from Bitmain, making its production much more competitive than the average despite the same cost of electricity. In addition, the natural cooling in the mine also reduces electricity costs overall.
Cheap Producer Advantage
At the moment, however, the tax could be the least of any miners worry, as the bitcoin price is in free-fall. But what happens when the price crashes further? Suffice it to say that there was bitcoin mining when the dollar price was less than 1 cent and there will be bitcoin mining at lower prices thanks to the design of the network. Mao Shixing, the founder of mining pool F2pool estimated 600,000 miners have shut down since the November crash in price, according to a report by Coindesk. As it should be in a competitive system, the most energy intensive and obsolete machines are shut down first. As with every other commodity, when the price drops, some miners will leave the market, leaving space for cheaper competitors to capture a bigger share. But with bitcoin this is a bit simpler than with copper or gold for example. When a big copper player goes bankrupt, its competitors have to ramp up production and increase cost to increase their market share. With bitcoin, if 3,000 computers get taken off the total mining pool, they won’t be able to mine the approximately 5 bitcoin any longer. However, because the difficulty of solving the computationally intensive cryptographic tasks of bitcoin decreases automatically when there are fewer computers engaged in the task, the other players just have to leave their machines running at the same rate for the same cost and they will split the 5 bitcoin among them. “The moment the price goes down, our production price will go down as well,” said Jäger, a process that already happened from November to December when the difficulty decreased twice in November and the beginning of December. This naturally favors players like Northern Bitcoin, which are producing at the lower end of the cost spectrum. They will be the ones who shut down last. And this is a good thing. The more companies like Northern Bitcoin, and countries like Norway—even with the extra tax—the more decentralized the bitcoin system. The more computers there are in different hands mining bitcoin, the more secure the system becomes, because it will be ever more difficult for one player to reach the 50 percent threshold to crash the system.It is this decentralized philosophy which has kept the bitcoin system running for 10 years. Whether at $1 or $20,000.
I think it got shelved for a future day to use and test in different places around the world
Different programs around the world
Super colliders maybe to change this in sort of a high-energy alchemy
Maybe we're going to do it use it breeder reactors in Iran
Breeder reactors in UAE breeder reactors and potentially South Africa etc
You're gonna have a lot of experiments across the world, trying to reprocess this MOX fuel
And again, we can have a plant failed failed building project down here in Savannah River Site in Charleston, when this
This waste is coming into Charleston by the way Transport Logistics is taking it up to Sharon Harris right
And we are going to be able to use it as fuel for our plants all over the world
It's great because we don't have to pay for a thing
And this is not only and I'm going to call these people the Dukes
People who are on the inside of this, using the kind of knowledge they got from the National Laboratories--all their experience in the National Laboratories--they're the ones with the insider knowledge
This is what how I think Hillary thinks about it
And these Dukes are these people from--they're kind of the descendants of these high energy physics scientists--a lot of them being Nazis--that kind of have this kind of worldview of
"Hey if we control this fuel of the future we'll control the world like Pax Britannia"
Control the world because they had the the ships
Or we'll control the world like Pax Romana, because we had the roads
And Pax Britannia had the ships
And Pax Americana had that the planes and the helicopters right
And so will control this new world is sort of a Fourth Reich thinking
It's sort of a South shall rise again [thinking], but it's informed not by weapons
This time but it's informed--it's informed more by knowledge, by knowledge here, and also secrecy
Influence of different groups
Influence and infiltration
That's why the Awans are so important in this kind of national or worldwide kind of strategy
Which is I call Pax Urania, Pax Urania
And I believe that's what we have
We have sort of influence and infiltration program with the with the Awans to really leverage the brainpower of all these different nuclear laboratories with the waste Uranium now
And also the Uranium coming from the old Soviet Union for a Pax Urania
It's day 112 and it's part 2 and there's some new breaking news about Campbell here
As you know in the past we've done a lot of shows about 75 days ago on Mark Lambert
And the difference between Campbell being kind of more of a K Street guy
He's being represented by two K Street lawyers that live there that work extremely close like right across the street from him
More of a kind of an interface between Washington DC and the FBI let's say and the nuclear industry
Whereas Mark Lambert being a Navy Intel guy, knows all the logistics, knows all the nuclear science, knows all the languages, I mean just really deep expert in this whole trade
We're talking all the way the whole nuclear cycle--from the ore to the Kroupnick crushers, to the yellowcake, to the spinning of the Uranium in Paducah, to the--making fuel out of it for the different Duke Energy plants, all the way to getting into the plant the nuclear fuel rod plant in Tennessee, to getting it into the Navy ships an electric boat at the at the shipyards in Mobile, and the shipyards in Wilmington, and the shipyards in Groton, Connecticut--
So he knows the whole cycle, as well as when the rods come back from those different ships
And how to bring them through South Carolina
And then bring them up to Sharon Harris for storage
And then use of that MOX fuel for hey let's use this MOX fuel that has these plutonium for CANDU reactors around the world
Why why do we want to store this?
Let's let's use this nuclear fuel cycle
So Campbell being really kind of really kind of a bagman--I hate to say it--Lambert being the real expert
And this is where an informed public really can say hey look I don't--you didn't give me enough detail with the John Solomon's story here
With--there was some yellowcake that went to Europe and some yellowcake that went to Asia
That's not specific enough
You didn't give me enough information about what what is this STX spin-off?
This sport transport logistics
What is this why the soccer balls in Sialkot
What's what's going on there
You're doing Uranium One day and then you're talking about cake and soccer balls
The next day you're talking about envy cylinders going back to to Piketon Ohio
What's going on there? Don't quite understand that
So this Uranium One story is developing second thing to support my theory that--Hilary spent most of her time on these one-two-three agreements here
Is just looking at the NNSA and looking at the agreements
And looking at the dates of the agreements
And seeing most of them were signed when she was either shadow Secretary of State in 1997, with Argentina,
Or with Australia, when she was Secretary of State
Shadow Secretary of State with Brazil
CANDU is Canada becomes the kind of surreptitious partner
If there's a problem there's no one-two-three agreement, we'll just start the program with Canada, and we'll take our National Lab information and we'll give it to them
China with Kerry being kind of a stand-in secretary of state
Moving down here to the European and International atomic energy
These are kind of like brokers for anybody
They can take technology for Europe or Asia for our yellowcake right
Now India was signed by Bush
But then as well as Indonesia and Japan
But then look at Kazakhstan. Kind of comes in at the end and that's where this megatons to megawatts kind of comes in
And they've been used to getting away with
They've been used to branding this and having a--person like Share Blue media come in and David Brock and and--paint the pretty pictures
And everybody goes hey that sounds like a good idea
Take nuclear weapons and then make--nuclear fuel out of it--what a great idea
When in actual fact something very different is happening at the ground level
And that's why I like the Mark Lambert's of the world, that actually deal with it on the ground level you could even see here that Morocco--scales up its program
And then Norway signs a deal the day before Trump--I think Podesta may have been in Norway during that negotiation right there at the end
And then of course the Russian Federation while Hillary signs it's one two three well
Hillary is there
South Africa comes in with Marc Rich this is the influence of Marc Rich
Switzerland, Marc Rich, I think there's a lot of reactors in Switzerland that we don't know about buried deep beneath the hills there
That's Allen Dulles type thinking
As well as Taiwan and Turkey
So this really is where the money is--a thousand times more valuable, I think the HEU then the gold
Now here's the mixed oxide fuel
And the nice part about mixed oxide fuel--this could be coming from weapons programs right
So it could utilize surplus weapons-grade Uranium
And then you can use it in these CANDU reactors--these fast reactors okay
So you could build those CANDUs in China you can build them in Iran you could build them in Pakistan you can build them in India South Africa all over the world, through Canada, and there you go you're in business
And then you can sign the nuclear deal later on--the one two three agreement later on
And here's your can do reactors and I think this--the partnership with Trudeau's have been it's been a long time
Not just the current Trudeau, but the father--they had a very strong relationship with the Clintons--a good business relationship
And again, you can use and leverage--if you insert yourself and infiltrate yourself into these national laboratories with Awan-type infiltration program--it really works well
And I think these Dukes--these are the kind of the insiders
They consider themselves maybe the knowledge Dukes
And I think they have some progenitors that they look to and
They go--there was almost smart Nazi scientists this is released--celebrated there's a facility I visited in northern France, which is the Peda Munda v2 rocket plant
It's incredibly automated for 80 years ago, really quite impressive
And then there's this kind of the the bad boy of the bunch--that was not a Nazi u-boat commander the wolf pack
This is the--Navy irregular warfare under--three three three 333 half evil--the Wolf Pack idea
And I think really the Dukes if the Dukes had any attitude, it would be more like the Nazi u-boat commander kind of thing
A stealth infiltration etc
And then there's a good heap of of Nazi Intelligence thrown in there as well in this group in the Dukes
This is where I think the FBI side of the Dukes is
Not the Navy Intel side, but more the FBI side which is really the same thing I guess
But man this looks like Rod Rosenstein
Having seen Rod Rosenstein up close, I thought it was Reinhardt Gehlen when I saw him
I said that's not Rod Rosenstein that's Rhinehart Gehlen
And somebody said no no that's he's testifying in front of Congress
That's Rod Rosenstein
So anyway but what the Nazis did Indian Intel did was their strategy was hey we're not strong--in Africa as the US or Britain especially Britain England
So we're gonna develop these groups
We're gonna leverage these current groups that are on the ground and to get the mining
Get the land get the Uranium, get the gold, get them molybdenum whatever they needed right for war
And isn't Isis that exact same thing?
Isn't really aren't the Awans really just an expression of the old Nazi modus operandi?
Now I'm not saying these current dukes are Nazis
But there is kind of this Pax urania, through our Intelligence and through our knowledge into our brainpower, and through our knowledge of military, and through our knowledge of Intelligence, we're going to end up ruling the world through this valuable resources that's worth a thousand times more than gold
Just a quick review of yesterday it's in cars remember the Uranium is in cars that's going to be down at the Navy Yard real close to where that Democratic National Committee high-speed line is
I think the Dukes are going to be the key to this story, all the way through, these dukes of nuclear hazard
I'm talking about Anthony Weiner, and Cheryl Mills, and it's going to be the Mueller, McCabe, Comey, Rosenstein bunch--all that bunch
The idea that mixed fuel Uranium and plutonium would come into the United States from Russia beginning in 1998, to a company called U.S. Enrichment, which the Dukes which the Dukes all put together with their hand-picked person that they put in there called the Kroupniks, and have Saipov truckers, truck it all around
The idea that none of that would be diverted, especially when you could create, and use a plant created in Canada called a CANDU reactor, to move and create and build these plants in China, over in Iran, as well as Pakistan, India, UAE, Saudi Arabia, and you could divert that fuel there and make money rather than storing it and down blending it that's almost a waste product the fact that we did that and let that happen is a mockery on the taxpayers of the United States, as also we were gonna build a MOX plant down there, to burn this fuel
30 billion dollars was spent
It's only 30 percent complete
Did that money go to these different power stations around the world?
I think it did
Uranium One is a big story it's gonna get bigger
So I'll talk about the Navy Yard here in a second
This weird police force--this story from a year ago, which is Kamala Harris's guiding keel is her assistant works with these 33 fake police forces in 33 different states
Are those of 33 Blackberries? We'll find out
We'll drill in a little bit more in the Naval Observatory
And then finally with Edmund Burke here saying the famous statement not Wilberforce
Wilberforce moved out slavery--he was a contemporary of Edmund Burke, but Edmund Burke gets credit for the Fourth Estate
So quickly moving to [Brandon Kiel][bk2]---this is this guy Henry, David Henry who died right before this 33 state investigation could really kick off
And Kiel here is Kamala Harris's kind of right-hand man literally right-hand man
So, again, this weird police force kind of weird it's like is this the perfect cover for color-of-law operations and drugs?
Absolutely I think it is of course we've got Campbell's Soup here
Now being offered up as a in testimony Uranium One we're still not getting to the key question of the day
And then I'll just go here to this weird Masonic Police Force
They even had their own badges
They even had their own weird badges
And of course all the heraldry and costuming that you would expect a Navy Masonic order to have
Quickly will move toward the Navy observatory here in little circle on the Navy observatory remember this is the eye of G.O.D.
You can see not only ship traffic all over the world all the different navies of the world, but also air traffic
You've got also foot traffic now, with some of these nano satellites
Here's your british embassy here's Craig Marie getting that hard drive for the DNC emails, right, and through the fence
And then of course you have Hillary's address here at 3067 White Haven
If you were working with somebody like, oh let's say a spy named Christopher Steelee, that would be convenient to be so close to the British Embassy
And then of course it's just a half mile walk over here to Wisconsin Avenue, where Carter Page lives
Now he lives suspiciously also close to the China China China Embassy, where you get the visas
He worked in San Diego
Is this the dragon distillery connection?
Is this the quad connection with Bannon?
Did he work with Bannon at the Pentagon?
None of this stuff is coming out yet, so it'd be interesting how this goes
Let's talked about another Navy location now down here at the Naval sea command system
This is the operational command
This is the Chief of Naval Operations and across the street of course we have the high speed line on fibre to the Democratic National Committee
Of course we've got the rail abbas cabs over here with--choose your cab, and a nice cover where we can meet somebody in a ball park with thousands and thousands of people
We ever get in trouble, we can go over the bridge here to Anacostia DHS--we're safe
We can take a helicopter over to Ocean City Maryland
And then fly down to Florida
And then get a jet anywhere where the FIVEEYES can take us
In New Zealand or Australia or else Canada or the UK, and we can still continue operations there
Do I think Imran worked here instead of downtown?
Yes I do, because the Rao Abbas cabs getting people started
Bringing them in in an infiltration program--or let's call it a paperclip operation--would be key to be near all this stuff
(sorry about that)
So anyway I'll just move on to the FISA, which is the last big story today
Over a year ago this is this is March 1st last year I talked about them getting a June warrant, because I saw--the the whole press leaks the press leaks
I didn't know that time about Papadopoulos, but the press leaks were happening in June
So I said if they are going to get have a color-of-law to cover this thing, you're gonna have to have a warrant in June
And I believed that there was a FISA court that met
But I saw their their time when they don't meet very often around July 12th
And I surmised that they tried to go to the FISA Court to overrule, maybe it would got rejected, and then they went to the FISA Court to get it approved
Or the other way around
Maybe it was rejected or maybe was approved and then it was overturned, later overturned
Probably was rejected first by Rudy, and then in June, and then they overturned that and approved it in July, since all three of these folks are Clinton appointees
But we'll see but
Here I was but so I still believe that signing July then goes to October, then goes to if it fits the timing better, and I still think that there was a FISA Court of review if Rudy Judge Rudy Contreras shot blocked the first FISA, which I think is the case
So that sets up today for the big memo the Schiff memo
And sometimes all you have to do is put two stories together this story I did about 50 days ago in front of the Navy Lodge here in Washington DC
Remember enter America, Inter America is the company that Imran Awan worked for at this location
So is Imran Awan supplying 33 secure phones--33 secure phones--not a masonic number--but 33 secure phones for these Navy fake cops in these 33 states?
These Navy fake mason cops
I mean there they are there's the badge
I didn't make this up
So now I've seen my sister of color
I've seen my sister of color Maxine Waters associated with Mr. Henry Grand Wizard Henry here
I just want to say right now as a Cherokee, I totally want to defend my sister of color as being abused in this situation
She's obviously been tricked, hoodwinked, otherwise fooled by these grand Wizards of [whatever]
They they kind of I don't really think these are the same two people he does the beards not as big but maybe that is the same guy,
But anyway they died conveniently before these trials
Interestingly enough we were at the Capitol yesterday and Inter America was demonstrating all kinds of products--all kinds of food products inside, as well there's there being a lot of dreamers at inside the Rayburn office building yesterday
And I thought "wow what a great way to bring stuff into America"
Enter America through the food products, as I've said many many many times
So you can go back to me being in front of this Navy Lodge, I think all the way back a hundred and fifty days, probably further back
But this is where I think this is the Technology Center
This is where they're getting the people who are running the food products in and out
And I think it's gonna be a lot of different Inter-America products
But the people running them in and out of the United States are using Imran's Blackberries in these 33 states
We just find out what 33 states the Grand Wizard here is overseeing, I think you're going to find the answer
I think one of them is San Francisco, unfortunately
One of them is Nancy Pelosi's district
Even though this is the Los Angeles Times story and they were operating out of Chinatown Becerra's old place, I think they're also operating out of the Mission District in San Francisco and the the Navy Yard, down by the Embarcadero, where Kate Steinle was killed
I believe is one of the key entry points as well as across the bay in Oakland is another key entry point
And I believe we're gonna find the Masons are Masons there with Anthony Weiner's trusted staff's BlackBerry's there as well
It's day 113 part 3 and the new face involved here is going to be this guy named Oleg Deripaska
Just think about a pasta like a seafood linguini Podesta pasta, daring you
Getting up and or maybe pointing a derringer at you the little pasta jumps up off the plate points a derringer at you
And then you'll never forget Oleg Deripaska
Why is he important? Because he's sort of a second generation from this Marc Rich generation
Marc Rich made a deal celled sold out Russia, basically
All the mineral wealth--he sold out Russia
And there was a episode I did a while back a long time ago 450 days ago--it was of a journalist sitting in the hotel I believe was the Moscow Hilton watching the White House in Moscow, being hit with shells, and them trying to do as many deals as they could with all the metals and mining in Russia
And I believe it was Boris Yeltsin's son-in-law
And I believe all like Deripaska knows that son-in-law pretty well
So Oleg got the aluminum company
But it was really all about a company called Glencore and I'll get there in a second
But now you've seen this come out or like Deripaska come out into this new controversy that we have with Mark Warner Senator Mark Warner
With Mark Warner trying to set up a meeting between Oleg Deripaska and also Mark Warner
So if you don't remember Oleg Deripaska he different Strzok for different folks
He's Andy McCabe's lifelong friend
Everywhere and he seemed to be here was Oleg Deripaska
This is a great article by by Thomas Paine last year, talking about how these Case Files wherever Oleg Deripaska was is where Andy McCabe was gonna find Andy McCabe has been involved Uranium One especially since 1998 every step along the way with Oleg Deripaska every step along the way
Read this article it's a great article
So if you haven't heard about the Mark Warner this is what Mark Warner looks like right there
He is trying to do a back-channel secret meeting with for Steele and an intermediary for this Russian oligarch
Now for some reason theHill does not name the Russian oligarch, which is Oleg Deripaska
And that is the the key thing here is "hey we got to get this story straight"
We got to somehow turn this around, get it back onto Trump, get it off of us
Somehow, some way, Mark Rubio thinks this back-channel type communication, in the midst of the embroiler that we're currently in, with trying to overthrow the president, is somehow a good idea--to defend this kind of ex-parte communication, which is highly suspect in the least
But as I said it all leads back to Glencore
Glencore buys Oleg Deripaska's company
Basically what they do is they shard it into many little companies
And then they bring them all back into Glencore
If you don't remember, Glencore was started by Marc Rich in 1990 or 1974
Long long history with the Clintons 44 years now
Again, as I said, this is all just oh yeah the Iran-Contra it's just now Awan-Contra they're the same to me now
So anyway metals and mining metals and mining metals and mining
That's what it is about
And all you have to do is go down to countries that we've learned about through Mark Lambert
Oh here's the Mopani mines that Glencore's in
I wonder if Mark Lambert's gonna be near the Malpani mine?
Oh Democratic Republic of Congo
I wonder if they're going to be near the Shinkolobwe mine?
Copper here--there's also going to be Uranium as Katanga down here in the Katanga province, right?
what they did is they took all these metal and mining information that the Russians had, and they just they just stole it!
I mean not stole it, but bought it for pennies on the dollar
I was actually in Czechoslovakia in 1989 while this is all going on
I witnessed it firsthand
A lot of it was being sold through Czechoslovakia at the time
Western Sahara, where have we heard that before? For the mining there, for the phosphate
And then of course these paradise papers came out
This isn't the Panama papers, but look at this guy named Dan Gertler, who was making all of these deals in Congo
And if you remember OFAC which is the overseas company overseas part of the Treasury Department, that seizes assets
Dan Gertler was one of the seven that was recently I think it was November December hit with sanctions
So this is all coming together
This is why the Rothschilds are selling too, because the Rothschilds are involved in this as well
And they don't want to lose their assets
They're gonna get it into Bitcoin as fast as possible
So this is really collapsing
I believe this guy Laufman who just left
And then I heard another aide outside of Reibeci just left of the FBI
This is collapsing so fast, it's hard to keep up with
It but we'll see where it goes Laufman would be great to get an interview
Somebody should enter on the internet should do a long-form interview with Laufman
Anybody who knows how to get a hold of Laufman, we'd love to interview them as well
You don't know where to start
Everything is collapsing so quickly, but we're gonna try
But it's all going to come back to Marc Rich
As we've said, Awan-Contra, Iran-Contra same thing
Thoughts on my culminating analysis of Russia's involvement in the U.S elections?
It has been a running theme lately that the U.S. government blaming Russia for the DNC/Podesta leaks is an attempt at deflection and is false. In the past few days, however, some very interesting pieces of information have come out from three different well-respected cybersecurity companies tasked with investigating the leaks or the groups behind these leaks. These companies are CrowsdStrike, Symantec, and SecureWorks. I think it is important that we cast away the media's non-technical analyses and go straight to the source. The proof is that the hackers used Bitly to mask the malicious URL and trick people into thinking the URL was legitimate. They made two mistakes, however. First, they accidentally left two of their Bitly accounts public, rather than setting them to private. This allowed security researchers to view some general account information, like what URLs were shortened and what they were changed to. Second, they used Gmail's official numeric ID for each person inside of their maliciously crafted URLs. This allowed cybersecurity researchers to find out exactly who had been targeted. The founder of CrowdStrike is a Russian-American and his company has been tasked with investigating the DNC/Podesta leaks. He blames Mother Russia. Relevant excerpts:
Alperovitch is the thirty-six-year-old cofounder of the cybersecurity firm CrowdStrike, and late the previous night, his company had been asked by the Democratic National Committee to investigate a possible breach of its network. A CrowdStrike security expert had sent the DNC a proprietary software package, called Falcon, that monitors the networks of its clients in real time. Falcon "lit up," the email said, within ten seconds of being installed at the DNC: Russia was in the network. Alperovitch, a slight man with a sharp, quick demeanor, called the analyst who had emailed the report. "Are we sure it's Russia?" he asked. The analyst said there was no doubt. Falcon had detected malicious software, or malware, that was stealing data and sending it to the same servers that had been used in a 2015 attack on the German Bundestag. The code and techniques used against the DNC resembled those from earlier attacks on the White House and the State Department. The analyst, a former intelligence officer, told Alperovitch that Falcon had identified not one but two Russian intruders: Cozy Bear, a group CrowdStrike's experts believed was affiliated with the FSB, Russia's answer to the CIA; and Fancy Bear, which they had linked to the GRU, Russian military intelligence. Alperovitch then called Shawn Henry, a tall, bald fifty-four-year-old former executive assistant director at the FBI who is now CrowdStrike's president of services. Henry led a forensics team that retraced the hackers' steps and pieced together the pathology of the breach. Over the next two weeks, they learned that Cozy Bear had been stealing emails from the DNC for more than a year. Fancy Bear, on the other hand, had been in the network for only a few weeks. Its target was the DNC research department, specifically the material that the committee was compiling on Donald Trump and other Republicans. Meanwhile, a CrowdStrike group called the Overwatch team used Falcon to monitor the hackers, a process known as shoulder-surfing. For the next two days, three CrowdStrike employees worked inside DNC headquarters, replacing the software and setting up new login credentials using what Alperovitch considers to be the most secure means of choosing a password: flipping through the dictionary at random. (After this article was posted online, Alperovitch noted that the passwords included random characters in addition to the words.) The Overwatch team kept an eye on Falcon to ensure there were no new intrusions. On Sunday night, once the operation was complete, Alperovitch took his team to celebrate at the Brazilian steakhouse Fogo de Chão. ... Aperovitch's June 14 blog post garnered so much media attention that even its ebullient author felt slightly overwhelmed. Inevitably there were questions about the strange names his company had given the Russian hackers. As it happened, "Fancy Bear" and "Cozy Bear" were part of a coding system Alperovitch had created. Animals signified the hackers' country of origin: Russians were bears, Chinese were pandas, Iranians were kittens, and North Koreans were named for the chollima, a mythical winged horse. By company tradition, the analyst who discovers a new hacker gets to choose the first part of the nickname. Cozy Bear got its nickname because the letters coz appeared in its malware code. Fancy Bear, meanwhile, used malware that included the word Sofacy, which reminded the analyst who found it of the Iggy Azalea song "Fancy." The day after the media maelstrom, the reporters were back with less friendly questions: Had Alperovitch gotten his facts right? Was he certain Russia was behind the DNC hacks? The doubts were prompted by the appearance of a blogger claiming to be from Eastern Europe who called himself Guccifer 2.0. Guccifer said that the breach was his, not Russia's. "DNC'S servers hacked by a lone hacker," he wrote in a blog post that included stolen files from the DNC. "I guess CrowdStrike customers should think twice about company's competence," Guccifer wrote. "Fuck CrowdStrike!!!!!!!!!" an incorrect attribution in public. "Did we miss something?" he asked CrowdStrike's forensics team. Henry and his staff went back over the evidence, all of which supported their original conclusion. Alperovitch had also never seen someone claim to be the only intruder on a site. "No hacker goes into the network and does a full forensic investigation," he told me. Being called out, he said, was "very shocking. It was clearly an attack on us as well as on the DNC." Alperovitch initially thought that the leaks were standard espionage and that Guccifer's attacks on CrowdStrike were just a noisy reaction to being busted. "I thought, Okay, they got really upset that they were caught," he said. But after documents from the DNC continued to leak, Alperovitch decided the situation was far worse than that. He concluded that the Russians wanted to use the leaked files to manipulate U. S. voters—a first. "It hit me that, holy crap, this is an influence operation. They're actually trying to inject themselves into the election," he said. "I believe that we may very well wake up on the morning the day after the election and find statements from Russian adversaries saying, 'Do not trust the result.' " ... Days later, Alperovitch got a call from a Reuters reporter asking whether the Democratic Congressional Campaign Committee had been hacked. CrowdStrike had, in fact, been working on a breach at the DCCC; once again, Alperovitch believed that Russia was responsible. Now, however, he suspected that only Fancy Bear was involved. A lawyer for the DCCC gave Alperovitch permission to confirm the leak and to name Russia as the suspected author. Two weeks later, files from the DCCC began to appear on Guccifer 2.0's website. This time he released information about Democratic congressional candidates who were running close races in Florida, Ohio, Illinois, and Pennsylvania. On August 12, he went further, publishing a spreadsheet that included the personal email addresses and phone numbers of nearly two hundred Democratic members of Congress. ... Alperovitch's friends in government told him privately that an official attribution so close to the election would look political. If the government named Russia, it would be accused of carrying water for Hillary Clinton. The explanations upset Alperovitch. The silence of the American government began to feel both familiar and dangerous. "It doesn't help us if two years from now someone gets indicted," he said. After Michelle Obama's passport was published online, on September 22, Alperovitch threw up his hands in exasperation. "That is Putin giving us the finger," he told me.
Source: The Russian Expat Leading the Fight to Protect America The guy responsible for ousting Stuxnet as being an American/Israeli cyberworm (no friend of the U.S. government/establishment) also says that his company, Symantec, has found that Russia was responsible for the leaks:
It is pretty clear judging by the indicators of compromise [IOCs]. The binaries that were used to hack the DNC as well as Podesta’s email as well as some other Democratic campaign folks, those IOCs match binaries and also infrastructure that was used in attacks that were previously recorded by others as having Russian origin. That much we can confirm. So if you believe other people’s—primarily government’s—attribution that those previous attacks were Russian, then these attacks are definitely connected. We’re talking about the same binaries, the same tools, the same infrastructure. We’ve analyzed the tools, the binaries, and the infrastructure that was used in the attack, and from that we can confirm that it’s connected to a group that has two names. One is Sofacy, or “Cozy Bear,” and The Dukes, which is also known as “Fancy Bear.” From the binary analysis point of view, I can tell you that the activities of these attackers have been during Russian working hours, either centered on UTC+3 or UTC+4; they don’t work Russian holidays; they work Monday to Friday; there are language identifiers inside that are Russian; when you look at all the victim profiles they would be in interest to the Russian nation-state. So all of that stuff fits the profile. Now, could all those things be false flags? Sure. Other government entities obviously have come out and said it is the Russian state, and the binary forensics would definitely match that. There was another attack that happened in the Ukraine. So in December, in the Ukraine, all the power went out to about 260,000 households, or customers. They basically infiltrated the power company, got access to the machines that controlled the power, they flipped the computer switches off and shut down the power, and then they began to wipe all the machines and devices—overriding the hard drives and trashing the machines so that they couldn’t be started up again, or so that the switches couldn’t come on again. Ukrainians were able to get power back after six hours by switching to manual mode. They went off their computer monitor mode and physically flipped the switches to bring the power back up. What’s interesting about that case is the fact that they were more behind technologically actually helped them. Something very similar could easily happen in the U.S. and we’re much more beholden to computing infrastructure here, so our ability to switch to manual mode here would be much more difficult.
Is there linkage between the DNC and Podesta hacks and the 2014 State Department hacks that were also believed to be carried out by Russia?
Yeah, these are being conducted by the same groups. We know that from the IOCs—by looking at the tools they use and the infrastructure they use. Many of these attacks were happening prior to the nomination of Trump. Based on that theory, people believe that there was a general plan for disruption, and it may be the case now that the easiest and best way to do so is in the manner you speak, but these attacks did not just start happening post-Trump’s nomination. So in that sense, there is a feeling that it’s not a very Trump-specific activity versus an election disruption activity. This is the easiest way for them to disrupt the election.
In mid-2015, CTU researchers discovered TG-4127 using the accoounts-google . com domain in spearphishing attacks targeting Google Account users. The domain was used in a phishing URL submitted to Phishtank, a website that allows users to report phishing links (see Figure 1). Figure 1. Example of accoounts-google . com used in a phishing URL. Recipients who clicked the link were presented with a fake Google Account login page (see Figure 2). The threat actors could use entered credentials to access the contents of the associated Gmail account. Figure 2. Fake Google Account login page. Encoded target details Analysis of the phishing URL revealed that it includes two Base64-encoded values (see Figure 3). The decoded Base64 values (see Table 1) match the Gmail account and its associated Google Account username. If a target clicks the phishing link, the username field of the displayed fake Google Account login page is prepopulated with the individual’s email address. Figure 3. Spearphishing URL. Table 1. Decoded Base64 values from the phishing URL used by TG-4127. Use of the Bitly URL-shortening service A Bitly URL was uploaded to Phishtank at almost the same time as the original spearphishing URL (see Figure 4). Figure 4. Bitly phishing URL submitted at same time as accoounts-google . com phishing URL. Using a tool on Bitly’s website, CTU researchers determined that the Bitly URL redirected to the original phishing URL (see Figure 5). Analysis of activity associated with the Bitly account used to create the shortened URL revealed that it had been used to create more than 3,000 shortened links used to target more than 1,800 Google Accounts. Figure 5. Link-shortener page for bit.ly/1PXQ8zP that reveals the full URL. Target analysis CTU researchers analyzed the Google Accounts targeted by TG-4127 to gain insight about the targets and the threat group’s intent. Focus on Russia and former Soviet states Most of the targeted accounts are linked to intelligence gathering or information control within Russia or former Soviet states. The majority of the activity appears to focus on Russia’s military involvement in eastern Ukraine; for example, the email address targeted by the most phishing attempts (nine) was linked to a spokesperson for the Ukrainian prime minister. Other targets included individuals in political, military, and diplomatic positions in former Soviet states, as well as journalists, human rights organizations, and regional advocacy groups in Russia. Other targets worldwide Analysis of targeted individuals outside of Russia and the former Soviet states revealed that they work in a wide range of industry verticals (see Figure 6). The groups can be divided into two broad categories:
Authors, journalists, NGOs, and political activists (36%)
Government personnel, military personnel, government supply chain, and aerospace researchers (64%)
TG-4127 likely targeted the groups in the first category because they criticized Russia. The groups in the second category may have information useful to the Russian government. Figure 6. TG-4127 targeting outside of Russia and former Soviet states. Authors and journalists More than half (53%) of the targeted authors and journalists are Russia or Ukraine subject matter experts (see Figure 7). It is likely that the Russian state has an interest in how it is portrayed in the media. U.S.-based military spouses who wrote online content about the military and military families were also targeted. The threat actors may have been attempting to learn about broader military issues in the U.S., or gain operational insight into the military activity of the target’s spouse. Figure 7. Subject matter expertise of authors and journalists targeted by TG-4127. Government supply chain CTU researchers identified individuals who were likely targeted due to their position within the supply chain of organizations of interest to TG-4127 (e.g., defense and government networks). Figure 8 shows the distribution by category. The targets included a systems engineer working on a military simulation tool, a consultant specializing in unmanned aerial systems, an IT security consultant working for NATO, and a director of federal sales for the security arm of a multinational technology company. The threat actors likely aimed to exploit the individuals’ access to and knowledge of government clients’ information. Figure 8. Categories of supply chain targets. Government / military personnel TG-4127 likely targeted current and former military and government personnel for potential operational insight gained from access to their personal communications. Most of the activity focused on individuals based in the U.S. or working in NATO-linked roles (see Figure 9). Figure 9. Nation or organization of government/military targets. TG-4127 targeted high-profile Syrian rebel leaders, including a leader of the Syrian National Coalition. Russian forces have supported Syrian President Bashar al-Assad’s regime since September 2015, so it is likely the threat actors are seeking to gain intelligence on rebel forces to assist Russian and Assad regime military operations. Success of the phishing campaign CTU researchers analyzed 4,396 phishing URLs sent to 1,881 Google Accounts between March and September, 2015. More than half (59%) of the URLs were accessed, suggesting that the recipients at least opened the phishing page. From the available data, it is not possible to determine how many of those Google Accounts were compromised. Most of the targeted accounts received multiple phishing attempts, which may indicate that previous attempts had been unsuccessful. However, 35% of accounts that accessed the malicious link were not subject to additional attempts, possibly indicating that the compromise was successful. Of the accounts targeted once, CTU researchers determined that 60% of the recipients clicked the malicious Bitly. Of the accounts that were targeted more than once, 57% of the recipients clicked the malicious link in the repeated attempts. These results likely encourage threat actors to make additional attempts if the initial phishing email is unsuccessful.
Spearphishing details The short links in the spearphishing emails redirected victims to a TG-4127-controlled URL that spoofed a legitimate Google domain. A Base64-encoded string containing the victim's full email address is passed with this URL, prepopulating a fake Google login page displayed to the victim. If a victim enters their credentials, TG-4127 can establish a session with Google and access the victim's account. The threat actors may be able to keep this session alive and maintain persistent access. Hillary for America TG-4127 exploited the Hillary for America campaign's use of Gmail and leveraged campaign employees' expectation of the standard Gmail login page to access their email account. When presented with TG-4127's spoofed login page (see Figure 1), victims might be convinced it was the legitimate login page for their hillaryclinton.com email account. Figure 1. Example of a TG-4127 fake Google Account login page. CTU researchers observed the first short links targeting hillaryclinton.com email addresses being created in mid-March 2016; the last link was created in mid-May. During this period, TG-4127 created 213 short links targeting 108 email addresses on the hillaryclinton.com domain. Through open-source research, CTU researchers identified the owners of 66 of the targeted email addresses. There was no open-source footprint for the remaining 42 addresses, suggesting that TG-4127 acquired them from another source, possibly other intelligence activity. The identified email owners held a wide range of responsibilities within the Hillary for America campaign, extending from senior figures to junior employees and the group mailboxes for various regional offices. Targeted senior figures managed communications and media affairs, policy, speech writing, finance, and travel, while junior figures arranged schedules and travel for Hillary Clinton's campaign trail. Targets held the following titles:
National political director
Director of strategic communications
Director of scheduling
Director of travel
Traveling press secretary
Publicly available Bitly data reveals how many of the short links were clicked, likely by a victim opening a spearphishing email and clicking the link to the fake Gmail login page. Only 20 of the 213 short links have been clicked as of this publication. Eleven of the links were clicked once, four were clicked twice, two were clicked three times, and two were clicked four times. Democratic National Committee CTU researchers do not have evidence that these spearphishing emails are connected to the DNC network compromise that was revealed on June 14. However, a coincidence seems unlikely, and CTU researchers suspect that TG-4127 used the spearphishing emails or similar techniques to gain an initial foothold in the DNC network. Personal email accounts CTU researchers identified TG-4127 targeting 26 personal gmail.com accounts belonging to individuals linked to the Hillary for America campaign, the DNC, or other aspects of U.S. national politics. Five of the individuals also had a hillaryclinton.com email account that was targeted by TG-4127. Many of these individuals held communications, media, finance, or policy roles. They include the director of speechwriting for Hillary for America and the deputy director office of the chair at the DNC. TG-4127 created 150 short links targeting this group. As of this publication, 40 of the links have been clicked at least once. Related activity and implications Although the 2015 campaign did not focus on individuals associated with U.S. politics, open-source evidence suggests that TG-4127 targeted individuals connected to the U.S. White House in early 2015. The threat group also reportedly targeted the German parliament and German Chancellor Angela Merkel's Christian Democratic Union party. CTU researchers have not observed TG-4127 use this technique (using Bitly short links) to target the U.S. Republican party or the other U.S. presidential candidates whose campaigns were active between mid-March and mid-May.
Source: Threat Group-4127 Targets Hillary Clinton Presidential Campaign Read these two articles for more context: How Hackers Broke Into John Podesta and Colin Powell’s Gmail Accounts How Russia Pulled Off the Biggest Election Hack in U.S. History Guccifer2.0, The Shadow Brokers, and DCLeaks, who have all leaked U.S. documents/cyberweapons, love talking about the "U.S. elite" and "corruption" in America, along with saying "the elections are rigged." I wonder why these people suddenly became so interested in the U.S. election? Regardless, we know from the Bit.ly victim profiles that Podesta, the DNC, Ukrainian/Russian journalists, Bellingcat and other enemies of Russia were targeted by these groups. This also means that those targeted by DCLeaks and Guccifer2.0 were the same people, and that the aforementioned entities are actually one. Why would they lie about being separate groups? Lastly, I have gone through all the public statements made by these groups, by going through their TwitteTumblMedium/WordPress/web posts. Here are some of the comments made by DCLeaks, Guccifer2.0 and The Shadow Brokers. Tell me if you notice a common theme: DCLeaks Known for hacking the emails of former Secretary of State Colin Powell and former NATO General Breedlove, as well as Soros' OSF intranet documents.
George Soros is a Hungarian-American business magnate, investor, philanthropist, political activist and author who is of Hungarian-Jewish ancestry and holds dual citizenship. He drives more than 50 global and regional programs and foundations. Soros is named an architect and a sponsor of almost every revolution and coup around the world for the last 25 years. The USA is thought to be a vampire due to him and his puppets, not a lighthouse of freedom and democracy. His minions spill blood of millions and millions of people just to make him even more rich. Soros is an oligarch sponsoring the Democratic party, Hillary Clinton, hundreds of politicians all over the world. This website is designed to let everyone inside George Soros’ Open Society Foundation and related organisations. We present you the workplans, strategies, priorities and other activities of Soros. These documents shed light on one of the most influential network operating worldwide.
Welcome another cog in the U.S. political and military machine. CAPT Pistole's emails released documents reveal the billionaire’s attempt to organize a “national movement” to create a federalized police force. Looks like Clinton's staff doesn't care about security.Wonder from whom did they learn it.. FBI hq is a great place for club meeting especially when Clinton is under investigation
A further look at their Twitter account reveals that they mostly re-tweet WikiLeaks/RT/PressTV, hate Clinton, like Trump, love talking about the email scandal, post conspiracy theories about Mark Zuckerberg, exclusively target Russia's enemies (like former NATO General Breedlove, Soros, Colin Powell, etc,.), defend Russia from being attacked, and have a penchant for focusing on news portraying the U.S. elections/debates as "rigged":
Check the private correspondence between Philip Breedlove and Harlan Ullman Check restricted documents of George Soros’ Open Society Foundation Check restricted documents leaked from Hillary Clinton's presidential campaign staff Emails show Obama saw US involvement in Russia talks as a 'threat' 'Gen. plotted against Obama on Russia' Check George Soros's OSF plans to counter Russian policy and traditional values Check Soros internal files A New McCarthyism: @ggreenwald on Clinton Camp's Attempts to Link @wikileaks, Trump & @DrJillStein to Russia
Together we’ll be able to throw off the political elite, the rich clans that exploit the world! Fuck the lies and conspirators like DNC!!! Who inspires me? Not the guys like Rambo or Terminator or any other like them. The world has changed. Assange, Snowden, and Manning are the heroes of the computer age. They struggle for truth and justice; they struggle to make our world better, more honest and clear. People like them make us hope for tomorrow. They are the modern heroes, they make history right now. Marcel Lazar is another hero of mine. He inspired me and showed me the way. He proved that even the powers that be have weak points. Anyway it seems that IT-companies and special services can’t realize that people like me act just following their ideas but not for money. They missed the bus with Assange and Snowden, they are not ready to live in the modern world. They are not ready to meet people who are smart and brave, who are eager to fight for their ideals, who can sacrifice themselves for the better future. Working for a boss makes them slow I suppose. Do you need more proof? don’t want to disappoint anyone, but none of the candidates has my sympathies. Each of them has skeletons in the closet and I think people have a right to know the truth about the politicians. As for me, I see great differences between Hillary Clinton and Donald Trump. Hillary seems so much false to me, she got all her money from political activities and lobbying, she is a slave of moguls, she is bought and sold. She never had to work hard and never risked everything she had. Her words don’t meet her actions. And her collusion with the DNC turned the primaries into farce. Opposite to her, Donald Trump has earned his money himself. And at least he is sincere in what he says. His position is straight and clear. Anyway that doesn’t mean that I support him. I’m totally against his ideas about closing borders and deportation policy. It’s a nonsense, absolute bullshit. I have nothing to say about Bernie Sanders. It seems he never had a chance to win the nomination as the Democratic Party itself stood against him! Here are the DCCC docs on Florida: reports, memos, briefings, dossiers, etc. You can have a look at who you are going to elect now. It may seem the congressional primaries are also becoming a farce. As you can see, the private server of the Clinton clan contains docs and donors lists of the Democratic committees, PACs, etc. Does it surprise you? It looks like big banks and corporations agreed to donate to the Democrats a certain percentage of the allocated TARP funds. I found out something interesting in emails between DNC employees and Hillary Clinton campaign staff. Democrats prepare a new provocation against Trump. After Trump sent his financial report in May it appeared on DNC servers at once. DNC rushed to analyze it and asked the Jones Mandel company to make an effective investigation. I won’t be surprised if some mainstream media like the New York Times or CNN publish soon Trump’s financial docs. No doubt who could give them. I’d like to warn you that the Democrats may rig the elections on November 8. This may be possible because of the software installed in the FEC networks by the large IT companies. As I’ve already said, their software is of poor quality, with many holes and vulnerabilities. I have registered in the FEC electronic system as an independent election observer; so I will monitor that the elections are held honestly. I also call on other hackers to join me, monitor the elections from inside and inform the U.S. society about the facts of electoral fraud.
Source: https://guccifer2.wordpress.com Here and here he claims that he's the source of WikiLeaks' DNC documents. He frequently re-tweets WikiLeaks, just like DCLeaks. He re-tweets and follows conspiracy theory outlets like Alex Jones and Roger Stone, just like DCLeaks followed RT and PressTV. Of course, he sprang back to life two days before Election Day, to complain about "Democrats rigging the election." I thought he didn't favour any political party? Source: https://twitter.com/GUCCIFER_2 The Shadow Brokers Known for leaking the NSA's elite hacking entity's, Equation Group's, cyberweapons.
!! Attention Wealthy Elites !!!
We have final message for “Wealthy Elites”. We know what is wealthy but what is Elites? Elites is making laws protect self and friends, lie and fuck other peoples. Elites is breaking laws, regular peoples go to jail, life ruin, family ruin, but not Elites. Elites is breaking laws, many peoples know Elites guilty, Elites call top friends at law enforcement and government agencies, offer bribes, make promise future handjobs, (but no blowjobs). Elites top friends announce, no law broken, no crime commit. Reporters (not call journalist) make living say write only nice things about Elites, convince dumb cattle, is just politics, everything is awesome, check out our ads and our prostitutes. Then Elites runs for president. Why run for president when already control country like dictatorship? What this have do with fun Cyber Weapons Auction? We want make sure Wealthy Elite recognizes the danger cyber weapons, this message, our auction, poses to their wealth and control. Let us spell out for Elites. Your wealth and control depends on electronic data. You see what “Equation Group” can do. You see what cryptolockers and stuxnet can do. You see free files we give for free. You see attacks on banks and SWIFT in news. Maybe there is Equation Group version of cryptolocker+stuxnet for banks and financial systems? If Equation Group lose control of cyber weapons, who else lose or find cyber weapons? If electronic data go bye bye where leave Wealthy Elites? Maybe with dumb cattle? “Do you feel in charge?” Wealthy Elites, you send bitcoins, you bid in auction, maybe big advantage for you?
TheShadowBrokers is having special trick or treat for Amerikanskis tonight. But first questions. Why is DirtyGrandpa threating CIA cyberwar with Russia? Why not threating with NSA or CyberCommand? CIA is cyber B-Team, yes? Where is cyber A-Team? Maybe threating is not being for external propaganda? Maybe is being for internal propaganda? Oldest control trick in book, yes? Waving flag, blaming problems on external sources, not taking responsibility for failures. But neverminding, hacking DNC is way way most important than EquationGroup losing capabilities. Amerikanskis is not knowing USSA cyber capabilities is being screwed? Where is being “free press”? Is ABC, NBC, CBS, FOX negligent in duties of informing Amerikanskis? Guessing “Free Press” is not being “Free as in free beer” or “Free as in free of government influence? Let us be speaking regarding corruption. If Peoples#1 is having $1.00 and Peoples#2 is having $1000.00 which peoples is having more money? Which peoples is having more spending power? Voter$1 is giving $1 to politician and Voter$1000 is giving $1000 to politician, which voters is having more political power? Is both voters having equal political power? “one person, one vote”? Politicians, lobbyist, media, even SCOTUS (supreme court) is saying this is being true, money is not corrupting. In binary world, maybe. But world is not being binary, is it? What about peoples#3, VoterUndecided? VoterUndecided is giving no moneys and no votes. Politician is needing money for campaign to buy advertising, positive media stories, advisors, pollsters, operatives to be making VoterUndecided vote for politician. Political fundrasing, now which voter is having more political power? VoterUndecided votes for politician and politician wins. Re-election is coming. Government budget decision is required. Voter$1 is wanting politician to be spending taxes on education for making children into great thinkers, leaders, scientists. Voter$1000 is shareholder of defense & intelligence company is wanting politician spending taxes on spying and war to be making benefit self, for great profit. Political favors, now, which voter is having more political power? Did theshadowbrokers lose Amerikanskis? Amerikanskis is still thinking “one person, one vote”? Money isn’t corrupting elections, politics, govenments? USSA elections is coming! 60% of Amerikansky never voting. Best scenario is meaning half of remaining red or blue fanatics or 20% of the most fanatical is picking USSA government? A great power. A free country. A good-doer. TheShadowBrokers is having suggestion. On November 8th, instead of not voting, maybe be stopping the vote all together? Maybe being grinch who stopped election from coming? Maybe hacking election is being the best idea? #hackelection2016. If peoples is not being hackers, then #disruptelection2016, #disruptcorruption2016. Maybe peoples not be going to work, be finding local polling places and protesting, blocking , disrupting , smashing equipment, tearing up ballots? The wealthy elites is being weakest during elections and transition of power. Is being why USSA is targeting elections in foreign countries. Don’t beleiving? Remembering Iran elections? Rembering stuxnet? Maybe is not Russia hacking election, maybe is being payback from Iran? Ok peoples theshadowbrokers is promising you a trick or treating, here it is https://mega.nz/#F!D1Q2EQpD!Lb09shM5XMZsQ_5_E1l4eQhttps://yadi.sk/d/NCEyJQsBxrQxz Password = payus This is being equation group pitchimpair (redirector) keys, many missions into your networks is/was coming from these ip addresses. Is being unfortunate no peoples is already owning eqgrp_auction_file. Auction file is having tools for to making connect to these pitchimpairs. Maybe tools no more installed? Maybe is being cleaned up? To peoples is being owner of pitchimpair computers, don’t be looking for files, rootkit will self destruct. Be making cold forensic image. @GCHQ @Belgacom TheShadowBrokers is making special effort not to using foul language, bigotry, or making any funny. Be seeing if NBC, ABC, CBS, FOX is making stories about now? Maybe political hacks is being more important? How bad do you want it to get? When you are ready to make the bleeding stop, payus, so we can move onto the next game. The game where you try to catch us cashing out! Swag us out!
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