{"id":4436,"date":"2018-01-27T21:41:09","date_gmt":"2018-01-27T21:41:09","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?p=4436"},"modified":"2019-07-25T08:17:37","modified_gmt":"2019-07-25T08:17:37","slug":"news-coincheck-hack-crypto-miner-youtube-ads-cobinhood-goes-tether-only","status":"publish","type":"post","link":"https:\/\/davidgerard.co.uk\/blockchain\/2018\/01\/27\/news-coincheck-hack-crypto-miner-youtube-ads-cobinhood-goes-tether-only\/","title":{"rendered":"News: Coincheck hack, YouTube ads with crypto miners, Cobinhood exchange goes Tether-only"},"content":{"rendered":"<ul>\n<li><a href=\"https:\/\/www.ccn.com\/biggest-theft-history-know-far-530-million-coincheck-hack\/\">CCN&#8217;s writeup<\/a> of the Coincheck hack. At $530 million, it was the largest cryptocurrency theft ever. <a href=\"https:\/\/twitter.com\/ynakamura56\/status\/956911227556446208\">Only their NEM wallet<\/a> was hacked. The big security issues was that Coincheck kept way too many coins in hot wallets, live and accessible on the Internet. The stolen coins have been marked as being from the hack, which warns other exchanges not to take them; NEM has ruled out a fork to cancel the transaction.<\/li>\n<\/ul>\n<ul>\n<li>Make sure to use your adblock on YouTube\u00a0\u2014 even Google is incompetent to block <a href=\"https:\/\/arstechnica.com\/information-technology\/2018\/01\/now-even-youtube-serves-ads-with-cpu-draining-cryptocurrency-miners\/\">crypto-mining malware in advertisements.<\/a><\/li>\n<\/ul>\n<ul>\n<li>Tether&#8217;s actual use is to evade the banking system. Taiwanese exchange Cobinhood <a href=\"https:\/\/www.altcoinss.com\/news\/news-cobinhood-to-adopt-controversial-stablecoin-tether-after-termination-of-banking-services?uid=7114\">goes Tether-only<\/a> after its local banks all cut it off from actual money. Users&#8217; outstanding USD balances will be converted to Ether.<\/li>\n<\/ul>\n<ul>\n<li>Why are there so few women in crypto? Gosh, I bet human females must just not be as smart as men or they&#8217;re not into tech, it&#8217;s just <em>biotruths<\/em> \u2014 or perhaps there&#8217;s some sort of <a href=\"https:\/\/www.axios.com\/bitcoin-conference-stripclub-1516983254-35e78aad-ee30-4872-bfe6-13190dd46061.html\">stupendous cultural problem<\/a> such that the male Bitcoiners think organising an official conference after-party in a strip club is a good and welcoming idea. Who knows, really.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Petition to ban unsolicited drunk men from explaining Bitcoin to me 2018<\/p>\n<p>&mdash; Pigeon Fancier (@isabelzawtun) <a href=\"https:\/\/twitter.com\/isabelzawtun\/status\/949494517098524672?ref_src=twsrc%5Etfw\">January 6, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">emergency tinder bio update <a href=\"https:\/\/t.co\/DY5WvaIOt3\">pic.twitter.com\/DY5WvaIOt3<\/a><\/p>\n<p>&mdash; monicaheisey (@monicaheisey) <a href=\"https:\/\/twitter.com\/monicaheisey\/status\/956303583367983106?ref_src=twsrc%5Etfw\">January 24, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>John Reed Stark, who&#8217;s in private practice now, but worked for twenty years in enforcement at the SEC: Beware ICO Lawyers: As Regulatory Gatekeepers, <a href=\"https:\/\/www.linkedin.com\/pulse\/beware-ico-lawyers-youre-next-sec-target-john-reed-stark\">You&#8217;re the Next SEC Target.<\/a><\/li>\n<\/ul>\n<ul>\n<li><a href=\"https:\/\/www.project-syndicate.org\/commentary\/why-bitcoin-is-a-bubble-by-nouriel-roubini-2018-01\">Nouriel Roubini:<\/a> &#8220;The idea that hundreds of cryptocurrencies could viably operate together not only contradicts the very concept of money; it is utterly idiotic.&#8221;<\/li>\n<\/ul>\n<ul>\n<li>&#8220;Bitfinexed&#8221; on Bitfinex&#8217;s <a href=\"https:\/\/medium.com\/@bitfinexed\/bitfinex-fails-to-perform-promised-audits-instead-they-have-a-shareholder-tell-everyone-its-all-965ae7037b5d\">history of promising audits and not delivering them.<\/a><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Audits don\u2019t generally prove anything, except when your auditor runs away screaming, deletes a press release, and removes all mentions of you from their web site<\/p>\n<p>&mdash; Tony \u201cAbolish (Pol)ICE\u201d Arcieri \ud83e\udd80 (@bascule) <a href=\"https:\/\/twitter.com\/bascule\/status\/956666193061949440?ref_src=twsrc%5Etfw\">January 25, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">One bitcoin is currently worth 11,100 USDT. One USDT is worth one USD, as long as you don&#39;t actually ask for the USD.<\/p>\n<p>&mdash; Trolly McTrollface (@Tr0llyTr0llFace) <a href=\"https:\/\/twitter.com\/Tr0llyTr0llFace\/status\/955891753231544327?ref_src=twsrc%5Etfw\">January 23, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>Lightning talks at <a href=\"https:\/\/linux.conf.au\/\">Linux.conf.au<\/a> yesterday: Benno Rice, <a href=\"https:\/\/youtu.be\/3MDsu6iFAD0?t=1510\">25:10 on,<\/a> nicks and extends <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2017\/12\/28\/a-bitcoin-joke\/\">my Bitcoin joke.<\/a> The rest of the talks are good too.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<div class=\"jetpack-video-wrapper\"><span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe loading=\"lazy\" class=\"youtube-player\" width=\"735\" height=\"414\" src=\"https:\/\/www.youtube.com\/embed\/3MDsu6iFAD0?version=3&#038;rel=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;fs=1&#038;hl=en-GB&#038;autohide=2&#038;start=1510&#038;wmode=transparent\" allowfullscreen=\"true\" style=\"border:0;\" sandbox=\"allow-scripts allow-same-origin allow-popups allow-presentation allow-popups-to-escape-sandbox\"><\/iframe><\/span><\/div>\n<p>&nbsp;<\/p>\n<ul>\n<li>There&#8217;s an interview with me about Bitcoin in <a href=\"https:\/\/jungle.world\/\">Jungle World,<\/a> a German left-wing political magazine, 25 January 2018. I&#8217;ll link it, and the original interview in English, when the paywall comes down.<\/li>\n<\/ul>\n<ul>\n<li>Jungle World also has a piece on <a href=\"https:\/\/jungle.world\/artikel\/2018\/04\/reich-ohne-staat\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">bitcoin use by the alt-right.<\/a> It&#8217;s a pretty good article, at least through <a href=\"https:\/\/translate.google.com\/translate?sl=auto&amp;tl=en&amp;js=y&amp;prev=_t&amp;hl=en&amp;ie=UTF-8&amp;u=https%3A%2F%2Fjungle.world%2Fartikel%2F2018%2F04%2Freich-ohne-staat&amp;edit-text=\">Google Translate<\/a>, though I think it overstates the ideological attraction of bitcoin for the alt-right \u2014 because the alt-right are <i>stupid<\/i> neo-Nazis, and, despite not being so keen on leaving the basement, are much more like <a href=\"https:\/\/www.theguardian.com\/world\/shortcuts\/2017\/aug\/14\/tackle-neo-nazis-thinkers-thugs-charlottesville\">boot-Nazis than tie-Nazis.<\/a> I think they like Bitcoin mostly because they&#8217;re getting kicked off PayPal.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Yeah dude give all your money to the anonymous Pepe bitcoin investor. I am 100% sure he will 10x your money once you hand it over <a href=\"https:\/\/t.co\/42vKbcLzvc\">pic.twitter.com\/42vKbcLzvc<\/a><\/p>\n<p>&mdash; Ed Zitron (@edzitron) <a href=\"https:\/\/twitter.com\/edzitron\/status\/957037549662318594?ref_src=twsrc%5Etfw\">January 26, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Cryptographers experiencing what hackers went through in the 90\u2019s when the media redefines a key part of their identity into  something else. <br \/>\u201cOh you\u2019re a crypto expert? Which ICOs did you back?\u201d<\/p>\n<p>&mdash; Jeff Moss (@thedarktangent) <a href=\"https:\/\/twitter.com\/thedarktangent\/status\/957004983206989825?ref_src=twsrc%5Etfw\">January 26, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">If real estate agents used Bitcoin arguments:<br \/>Client: &quot;This house is in a horrible neighbourhood, it&#39;s overpriced, has only one window and there&#39;s no furnace.&quot;<br \/>Agent: &quot;Allow me to explain how concrete binds bricks together&quot;<br \/>Client: &quot;What&quot;<br \/>Agent: &quot;You don&#39;t understand real estate&quot;<\/p>\n<p>&mdash; Trolly McTrollface (@Tr0llyTr0llFace) <a href=\"https:\/\/twitter.com\/Tr0llyTr0llFace\/status\/956810183929483264?ref_src=twsrc%5Etfw\">January 26, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<br><br><div align=\"center\"><p><a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\"><img src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2021\/10\/become_a_patron_button.svg\" alt=\"Become a Patron!\" title=\"Become a Patron!\" width=217 height=51><\/a><br><p style=\"align:center;\" class=\"patreon-badge\"><i>Your subscriptions keep this site going. <a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\">Sign up today!<\/a><\/i><\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>Plus some interesting and useful opinion pieces.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[439,38,84,436,433,102,437,441,6,440,434,1184,530,39,435],"class_list":["post-4436","post","type-post","status-publish","format-standard","hentry","category-uncategorised","tag-benno-rice","tag-bitfinex","tag-bitfinexed","tag-cobinhood","tag-coincheck","tag-google","tag-john-reed-stark","tag-jungle-world","tag-links","tag-linux-conf-au","tag-nem","tag-neo-nazis","tag-nouriel-roubini","tag-tether","tag-youtube"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/4436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/comments?post=4436"}],"version-history":[{"count":19,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/4436\/revisions"}],"predecessor-version":[{"id":12363,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/4436\/revisions\/12363"}],"wp:attachment":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media?parent=4436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/categories?post=4436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/tags?post=4436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}