{"id":5862,"date":"2018-03-26T20:13:54","date_gmt":"2018-03-26T20:13:54","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?p=5862"},"modified":"2018-11-07T22:50:44","modified_gmt":"2018-11-07T22:50:44","slug":"news-krebs-on-coinhive-ledger-hardware-hack-regulators-vs-icos-sierra-leone-rip-mavrodi-jpmorgan-rokocoin","status":"publish","type":"post","link":"https:\/\/davidgerard.co.uk\/blockchain\/2018\/03\/26\/news-krebs-on-coinhive-ledger-hardware-hack-regulators-vs-icos-sierra-leone-rip-mavrodi-jpmorgan-rokocoin\/","title":{"rendered":"News: Krebs on CoinHive, Ledger hardware hack, regulators vs ICOs, Sierra Leone, RIP Mavrodi, JPMorgan, RokoCoin"},"content":{"rendered":"<p>If the <a href=\"https:\/\/www.ft.com\/content\/bddd293a-3118-11e8-ac48-10c6fdc22f03\">Financial Times<\/a> and <a href=\"https:\/\/twitter.com\/ReutersBiz\/status\/978286325261590528\">Reuters<\/a> had <a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\">subscribed<\/a> to this news blog, they&#8217;d have read about Twitter blocking crypto ads <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2018\/03\/20\/news-petro-and-russia-illegal-porn-on-the-blockchain-tether-mt-gox-twitter-bans-crypto-ads-nsa-scans-bitcoin-kodak-earnings-call-sierra-leone-election-not-on-the-blockchain\/\">a week ago<\/a>. Sign up today!<\/p>\n<p>(Admittedly I was quoting <a href=\"https:\/\/news.sky.com\/story\/twitter-to-prohibit-range-of-cryptocurrency-ads-11293387\">Sky News<\/a> &#8230; but nevertheless!)<\/p>\n<ul>\n<li>Brian Krebs (Krebs on Security) delves into <a href=\"https:\/\/krebsonsecurity.com\/2018\/03\/who-and-what-is-coinhive\/\">who in fact are CoinHive?<\/a> In case you were wondering why CoinHive seem strangely unable to control use of their code for malware: &#8220;Coinhive keeps 30 percent of whatever amount of Monero cryptocurrency that is mined using its code, whether or not a Web site has given consent to run it.&#8221; But when CoinHive does invalidate a spammer&#8217;s key, the mining doesn&#8217;t stop \u2014 &#8220;Coinhive keeps 100 percent of the cryptocurrency mined by sites tied to that account from then on.&#8221; Tracing <em>who actually runs<\/em> CoinHive is also interesting.<\/li>\n<\/ul>\n<ul>\n<li>ICO promoters are <a href=\"https:\/\/www.reuters.com\/article\/us-crypto-currencies-usa\/cryptocurrency-issuers-clean-up-shun-u-s-investors-as-sec-gets-tough-idUSKBN1GX2OX\">finally heeding SEC warnings<\/a> and trying to do things a bit more properly.<\/li>\n<\/ul>\n<ul>\n<li>It&#8217;s not just the SEC \u2014 the <a href=\"https:\/\/www.bna.com\/meet-state-enforcers-n57982090106\/\">individual states&#8217; regulators<\/a> are also coming after crypto scams in the US. (Remember that it was the Texas State Securities Board that took down Bitconnect.)<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>https:\/\/twitter.com\/NancyNakamoto\/status\/977916560265359363<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>Sierra Leone emphasises: Agora <a href=\"https:\/\/thenextweb.com\/hardfork\/2018\/03\/20\/sierra-leone-blockchain-elections\/\">straight-up lied<\/a> about having any involvement in the Sierra Leone election, and CoinDesk <a href=\"https:\/\/archive.is\/TvAWh\">ran<\/a> Agora&#8217;s completely false claims of involvement without, it&#8217;s clear, the slightest checking.<\/li>\n<\/ul>\n<ul>\n<li>Sergei Mavrodi, repeated Ponzi scheme proponent, <a href=\"https:\/\/en.wikipedia.org\/wiki\/MMM_Global\">Bitcoin pumper<\/a> and aspiring <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2017\/12\/27\/news-ibm-blockchain-sergei-mavrodi-carders-hate-bitcoin-blockchain-use-cases-market-manipulations\/\">ICO<\/a> promoter, <a href=\"http:\/\/tass.com\/society\/996107\">has died at 62.<\/a> (I got the <a href=\"https:\/\/en.wikipedia.org\/w\/index.php?title=Sergei_Mavrodi&amp;diff=832513263&amp;oldid=832513153\">confirmed Wikipedia kill.<\/a>)<\/li>\n<\/ul>\n<ul>\n<li><a href=\"https:\/\/www.usnews.com\/news\/technology\/articles\/2018-03-22\/jpmorgan-mulls-spin-off-of-blockchain-project-quorum-sources\">JPMorgan Mulls Spin-Off of Blockchain Project Quorum.<\/a> Notable in that JPMorgan&#8217;s Bitcoin interest group pumped up a lot of &#8220;business blockchain&#8221; hype in late 2013-early 2014.<\/li>\n<\/ul>\n<ul>\n<li>As with <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2018\/03\/20\/news-petro-and-russia-illegal-porn-on-the-blockchain-tether-mt-gox-twitter-bans-crypto-ads-nsa-scans-bitcoin-kodak-earnings-call-sierra-leone-election-not-on-the-blockchain\/\">upstate New York,<\/a> so with the Pacific North-West \u2014 Chelan County, Washington <a href=\"http:\/\/www.chelanpud.org\/about-us\/newsroom\/news\/2018\/03\/20\/pud-commissioners-halt-work-on-applications-from-bitcoin-similiar-data-operations\">isn&#8217;t happy with crypto miners.<\/a><\/li>\n<\/ul>\n<ul>\n<li>In the steps of Microsoft Azure and Oracle Cloud, Google Cloud starts <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-03-21\/google-is-said-to-work-on-its-own-blockchain-related-technology\">waving blockchains around.<\/a> (No actual details over the lack of detail in Bloomberg&#8217;s similar <a href=\"https:\/\/archive.is\/Ayhz5\">2016 story.<\/a>) The king of the space, Amazon, just lets <a href=\"https:\/\/aws.amazon.com\/partners\/blockchain\/\">&#8220;partners&#8221;<\/a> take care of this tickbox item.<\/li>\n<\/ul>\n<ul>\n<li>Saleem Rashid&#8217;s full technical write-up, video demonstration and proof-of-concept code for the new Ledger <a href=\"https:\/\/saleemrashid.com\/2018\/03\/20\/breaking-ledger-security-model\/\">hardware wallet vulnerability.<\/a> And Ledger <a href=\"https:\/\/twitter.com\/ndeet\/status\/976092116521832451\">demonstrate why &#8220;responsible disclosure&#8221; is a computer security weasel phrase meaning &#8220;cover up&#8221;:<\/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\">The only thing he did not agree too is to _not_ publish the vulnerability (the article above). According to his timeline (see article) he disclosed it responsibly to you on 11.11.2017? You had enough time to fix and address it properly, imo.<\/p>\n<p>&mdash; Andreas Tasch \u26a1 (@ndeet) <a href=\"https:\/\/twitter.com\/ndeet\/status\/976092116521832451?ref_src=twsrc%5Etfw\">March 20, 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>You know Mear One, who made that <a href=\"https:\/\/twitter.com\/lucianaberger\/status\/977183210051338241\/photo\/1\">grossly antisemitic conspiracy theory art<\/a> that UK Labour Party leader Jeremy Corbyn got in a pile of trouble for <a href=\"https:\/\/www.theguardian.com\/politics\/2018\/mar\/23\/corbyn-criticised-after-backing-artist-behind-antisemitic-mural\">commenting positively on<\/a> in 2012? You&#8217;ll be <em>not the slightest bit<\/em> amazed at what his <a href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=10155536934931478&amp;id=290156246477\">other interests<\/a> are (<a href=\"https:\/\/archive.is\/psnD3\">archive<\/a>).<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2018\/03\/26\/news-krebs-on-coinhive-ledger-hardware-hack-regulators-vs-icos-sierra-leone-rip-mavrodi-jpmorgan-rokocoin\/mear-one\/\" rel=\"attachment wp-att-5863\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-5863\" src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2018\/03\/mear-one.png\" alt=\"\" width=\"495\" height=\"668\" srcset=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2018\/03\/mear-one.png 495w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2018\/03\/mear-one-222x300.png 222w\" sizes=\"auto, (max-width: 495px) 100vw, 495px\" \/><\/a><\/p>\n<ul>\n<li>I wonder how the <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/icos-magic-beans-and-bubble-machines\/\">EOS.io ICO<\/a> will do on the Howey test for being a security. Perhaps Dan Larimer was <a href=\"https:\/\/twitter.com\/concourseqio\/status\/977019097195208704\">just joking.<\/a><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2018\/03\/26\/news-krebs-on-coinhive-ledger-hardware-hack-regulators-vs-icos-sierra-leone-rip-mavrodi-jpmorgan-rokocoin\/larimer-eos-promotion\/\" rel=\"attachment wp-att-5868\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-5868\" src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2018\/03\/larimer-eos-promotion.jpg\" alt=\"\" width=\"600\" height=\"594\" srcset=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2018\/03\/larimer-eos-promotion.jpg 600w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2018\/03\/larimer-eos-promotion-150x150.jpg 150w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2018\/03\/larimer-eos-promotion-300x297.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><a href=\"http:\/\/rokoco.in\">RokoCoin\u00ae<\/a> will ICO under a simple premise: in exchange for a modest fraction of a Bitcoin, investors will receive one RokoCoin\u00ae. The Bitcoin will be used to fund research into <a href=\"https:\/\/rationalwiki.org\/wiki\/Roko%27s_basilisk\">Friendly Artificial Intelligence:<\/a> friendly to those who possess a RokoCoin\u00ae.<\/li>\n<\/ul>\n<ul>\n<li><a href=\"https:\/\/www.moneyandbanking.com\/commentary\/2016\/12\/14\/why-a-gold-standard-is-a-very-bad-idea\">Why a gold standard is a very bad idea.<\/a> Doesn&#8217;t mention Bitcoin, but this is the bad idea Bitcoin aims to bring back.<\/li>\n<\/ul>\n<ul>\n<li>A nice <a href=\"https:\/\/www.infoq.com\/articles\/Attack-50ft-Blockchain-Review\">review of the book<\/a> on software development site InfoQ.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>https:\/\/twitter.com\/DanaSchwartzzz\/status\/977331581466460160<\/p>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The office is excitedly discussing blockchain technology and I am being the cryptogrinch by pointing out &quot;you could also do that with a database that has one table in it&quot; repeatedly<\/p>\n<p>&mdash; flip phone selfie (@angryaboutbikes) <a href=\"https:\/\/twitter.com\/angryaboutbikes\/status\/938816756449267712?ref_src=twsrc%5Etfw\">December 7, 2017<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I was drunk and at home I have two large buttons. They say \u201cmake bitcoin do good\u201d and \u201cmake bitcoin do bad\u201d and I hit the wrong one. I have to hit one each night like Desmond in Lost<\/p>\n<p>&mdash; Ed Zitron (@edzitron) <a href=\"https:\/\/twitter.com\/edzitron\/status\/953664579560554496?ref_src=twsrc%5Etfw\">January 17, 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<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">*number go down* bitcoin is the greatest innovation in the history of humanity and anyone who says otherwise is personally responsible for all the misery in the world that bitcoin could have easily stopped if it reached global adoption<\/p>\n<p> *number go up*  moneymoneymoneymoneymoney<\/p>\n<p>&mdash; Buttcoin (@ButtCoin) <a href=\"https:\/\/twitter.com\/ButtCoin\/status\/976938542827016199?ref_src=twsrc%5Etfw\">March 22, 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>And nothing about Twitter blocking crypto ads, because I posted about that last week.<\/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":[527,98,557,165,553,9,555,75,554,6,556,558,559,33,317,526,551,550,487,552],"class_list":["post-5862","post","type-post","status-publish","format-standard","hentry","category-uncategorised","tag-agora","tag-coindesk","tag-dan-larimer","tag-eos","tag-google-cloud","tag-ico","tag-jeremy-corbyn","tag-jpmorgan-chase","tag-ledger","tag-links","tag-mear-one","tag-quorum","tag-saleem-rashid","tag-sec","tag-sergei-mavrodi","tag-sierra-leone","tag-texas","tag-tssb","tag-twitter","tag-washington"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/5862","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=5862"}],"version-history":[{"count":25,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/5862\/revisions"}],"predecessor-version":[{"id":10730,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/5862\/revisions\/10730"}],"wp:attachment":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media?parent=5862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/categories?post=5862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/tags?post=5862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}