{"id":6370,"date":"2018-04-17T21:14:21","date_gmt":"2018-04-17T21:14:21","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?p=6370"},"modified":"2018-11-07T22:44:24","modified_gmt":"2018-11-07T22:44:24","slug":"news-ny-attorney-general-inquiry-localbitcoins-kyc-baidu-copies-kodakone-cambridge-analytics-on-the-blockchain-coal-fired-followup","status":"publish","type":"post","link":"https:\/\/davidgerard.co.uk\/blockchain\/2018\/04\/17\/news-ny-attorney-general-inquiry-localbitcoins-kyc-baidu-copies-kodakone-cambridge-analytics-on-the-blockchain-coal-fired-followup\/","title":{"rendered":"News: NY Attorney General exchange inquiry, LocalBitcoins KYC, Baidu copies KodakOne, Cambridge Analytica on the blockchain, coal-fired followup"},"content":{"rendered":"<ul>\n<li>New York State Attorney General Eric Schneiderman has <a href=\"https:\/\/ag.ny.gov\/press-release\/ag-schneiderman-launches-inquiry-cryptocurrency-exchanges\">sent inquiry letters<\/a> to 13 cryptocurrency exchanges around the world, as part of a virtual currencies market integrity initiative. <a href=\"https:\/\/ag.ny.gov\/sites\/default\/files\/virtual_markets_integrity_initiative_questionnaire.pdf\">Here&#8217;s the questionnaire.<\/a> Many are not under New York state jurisdiction, but hey, why not ask nicely. Hopefully they&#8217;ll all still exist by deadline:<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin Magazine #1 from 2012 did not age very well. <a href=\"https:\/\/t.co\/TGBu41GsPF\">pic.twitter.com\/TGBu41GsPF<\/a><\/p>\n<p>&mdash; Karel (@karel_3d) <a href=\"https:\/\/twitter.com\/karel_3d\/status\/984594436435927041?ref_src=twsrc%5Etfw\">April 13, 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>But then, who could ever think that Bitcoin trading was ridiculously manipulated? The price does a <a href=\"https:\/\/twitter.com\/ButtCoin\/status\/985776396961308674\">Bart Simpson pattern:<\/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\">another truckload of USDA CERTIFIED 100% ORGANIC magical unicorn pony products dumped onto the blockchain around 12:00 UTC<\/p>\n<p>this is GOOD NEWS for someone probly <a href=\"https:\/\/t.co\/dBuvbAlmo9\">pic.twitter.com\/dBuvbAlmo9<\/a><\/p>\n<p>&mdash; Buttcoin (@ButtCoin) <a href=\"https:\/\/twitter.com\/ButtCoin\/status\/985640898049593347?ref_src=twsrc%5Etfw\">April 15, 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\">Bart Simpson pattern again <a href=\"https:\/\/t.co\/mKp1B2iWia\">pic.twitter.com\/mKp1B2iWia<\/a><\/p>\n<p>&mdash; Buttcoin (@ButtCoin) <a href=\"https:\/\/twitter.com\/ButtCoin\/status\/985776396961308674?ref_src=twsrc%5Etfw\">April 16, 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>Don&#8217;t want to deal on exchanges? <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2017\/12\/23\/why-you-cant-cash-out-pt-2-bitcoin-and-know-your-customer-anti-money-laundering-laws-kyc-aml\/\">Know Your Customer rules<\/a> too troublesome? Go to LocalBitcoins, and find someone to trade with directly! &#8230; oh, they&#8217;re now <a href=\"http:\/\/bitcoinist.com\/bye-anonymity-localbitcoins-id-kyc\/\">demanding ID for significant volumes<\/a> too.<\/li>\n<\/ul>\n<ul>\n<li>The UK Treasury Committee <a href=\"https:\/\/www.parliament.uk\/business\/committees\/committees-a-z\/commons-select\/treasury-committee\/inquiries1\/parliament-2017\/digital-currencies-17-19\/\">Digital Currencies inquiry<\/a> deadline has been extended to Monday 30 April 2018! Skeptics, <em>get your submission in<\/em>\u00a0\u2014 I understand they&#8217;ve been flooded with submissions from ardent Bitcoin fans, but what they&#8217;re after here is well-considered quality. Submissions from outside the UK are welcomed too.<\/li>\n<\/ul>\n<ul>\n<li>Baidu is launching <a href=\"https:\/\/image.baidu.com\/eco\/index?f=bdback\">Totem,<\/a> which appears to be a direct copy of Kodak&#8217;s ridiculous <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2018\/02\/07\/kodak-pt-4-kerrisdale-capitals-blistering-crypto-pre-mortem-for-kodak\/\">KodakOne initiative<\/a> \u2014 a stock photo site which uses <em>artificial intelligence<\/em> to scour the web for copyright violations, and which will &#8220;initiate online rights lawyers&#8221; to resolve disputes. On a Blockchain\u00a0\u2014 to be called Pic-Chain\u00a0\u2014 for some reason.<\/li>\n<\/ul>\n<ul>\n<li>You know that <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2018\/04\/12\/australian-coal-fired-power-plant-to-mine-bitcoin-just-a-penny-stock-pump-with-corrupt-backers\/\">Australian coal-fired power plant<\/a> that was supposedly reopening to mine Bitcoin? <a href=\"https:\/\/www.cnet.com\/news\/blockchain-coal-power-plant-mining-bitcoin-cryptocurrency\/\">Here&#8217;s a followup on the story.<\/a> From Mark Serrels at CNet, who I apparently scooped somewhat <em>(cough).<\/em><\/li>\n<\/ul>\n<ul>\n<li><strong>Bitcoiners:<\/strong> Bitcoin is the money of the future!<br \/>\n<strong>JP Morgan:<\/strong> Bitcoin is money? Sure, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-04-11\/jpmorgan-sued-over-cash-advance-fees-for-cryptocurrency-buys\">we&#8217;ll treat it like money then!<\/a><br \/>\n<strong>Bitcoiners:<\/strong> HOW DARE YOU SIR<\/li>\n<\/ul>\n<ul>\n<li>Cambridge Analytica <a href=\"https:\/\/www.reuters.com\/article\/us-cambridge-analytica-cryptocurrency\/cambridge-analytica-planned-to-issue-digital-currency-sources-idUSKBN1HO2UX\">planned an ICO!<\/a> And instead, they got <a href=\"https:\/\/www.theguardian.com\/news\/2018\/mar\/23\/judge-grants-search-warrant-for-cambridge-analyticas-offices\">The ICO.<\/a> They also planned to <a href=\"https:\/\/www.nytimes.com\/2018\/04\/17\/technology\/cambridge-analytica-initial-coin-offering.html\">market other tokens.<\/a><\/li>\n<\/ul>\n<ul>\n<li>How does <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2018\/01\/27\/where-do-ico-advisors-come-from-paid-endorsements-and-nothing-else\/\">ICO promotion<\/a> work? Like this:<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I can&#39;t take this gentleman up on his nice offer &#8212; but I do wonder how much other journalists charge to cover ICO projects. <a href=\"https:\/\/t.co\/b3ZEgPeRiZ\">pic.twitter.com\/b3ZEgPeRiZ<\/a><\/p>\n<p>&mdash; Nathaniel Popper (@nathanielpopper) <a href=\"https:\/\/twitter.com\/nathanielpopper\/status\/985931098206093313?ref_src=twsrc%5Etfw\">April 16, 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\">What I usually get: <a href=\"https:\/\/t.co\/EC367pUABA\">pic.twitter.com\/EC367pUABA<\/a><\/p>\n<p>&mdash; Peter Todd (@peterktodd) <a href=\"https:\/\/twitter.com\/peterktodd\/status\/985096133201616898?ref_src=twsrc%5Etfw\">April 14, 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><a href=\"https:\/\/jacobinmag.com\/2018\/04\/bitcoin-cryptocurrency-monetary-system\">The Dumb Money: The definitive explanation of why Bitcoin is stupid.<\/a> A readable Jacobin article! The obligatory leftist polemic is tacked onto the end and doesn&#8217;t get in the way. The rest is a good, accurate and apposite read.<\/li>\n<\/ul>\n<ul>\n<li>Hey, parents of children ages six and up! Have you recently awoken in a cold sweat, thinking that physical money and the existing global financial order are coming to a swift end and you need to turn your little family into a <a href=\"https:\/\/motherboard.vice.com\/en_us\/article\/8xkdw4\/welp-theres-a-cryptocurrency-wallet-for-young-children-now-pigzbe-wollo\">\u201cmicro-financing network?\u201d<\/a><\/li>\n<\/ul>\n<ul>\n<li>Me at the talk I&#8217;m giving on Thursday at the Berenberg <a href=\"https:\/\/www.berenberg.de\/en\/news\/berenberg-blockchain-from-hype-to-reality-conference-3689.html\">Blockchain: From Hype to Reality<\/a> conference (just got my slides in!):<\/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 hero we need <a href=\"https:\/\/t.co\/ldk2HuPsVT\">pic.twitter.com\/ldk2HuPsVT<\/a><\/p>\n<p>&mdash; Kevin Kuchta (@kkuchta) <a href=\"https:\/\/twitter.com\/kkuchta\/status\/983740731234729986?ref_src=twsrc%5Etfw\">April 10, 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>&#8220;Attack of the 50 Foot Blockchain&#8221; is still <a href=\"https:\/\/www.amazon.ca\/dp\/B073CPP581\/\">$3.49 on Kindle Canada<\/a> this month! Or there&#8217;s the <a href=\"https:\/\/www.amazon.ca\/Attack-50-Foot-Blockchain-Contracts\/dp\/1974000060\/\">lovely paperback!<\/a> Or a <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2018\/04\/13\/createspace-error-in-your-favour-signed-copies-of-attack-of-the-50-foot-blockchain-available-10-in-quantity\/\">signed paperback!<\/a><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>https:\/\/twitter.com\/TuurDemeester\/status\/984866799224225797<\/p>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">bitcoin.txt <a href=\"https:\/\/t.co\/n2j9xMp0oS\">pic.twitter.com\/n2j9xMp0oS<\/a><\/p>\n<p>&mdash; Socially Distant Brian Bucklew \u2091\u0364\uff1e\u223f\uff1c\u2091\u0364 \u221e\ud83c\udf2e (@unormal) <a href=\"https:\/\/twitter.com\/unormal\/status\/985676650070335494?ref_src=twsrc%5Etfw\">April 16, 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\">After reading Bitcoin Twitter for 72 hours non-stop, I finally get it.<br \/>Bitcoin is like the gold standard, but without its flaws, because blockchain.<br \/>It will usher in an era of unstoppable prosperity, much like cherry-picked periods in history &amp; only for the parts that were good.<\/p>\n<p>&mdash; Trolly McTrollface (@Tr0llyTr0llFace) <a href=\"https:\/\/twitter.com\/Tr0llyTr0llFace\/status\/985779407175540737?ref_src=twsrc%5Etfw\">April 16, 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\">Changing my name to blockchain triggered an account lockout lol <a href=\"https:\/\/t.co\/UKfV1Kk1Js\">pic.twitter.com\/UKfV1Kk1Js<\/a><\/p>\n<p>&mdash; Buttcoin (@ButtCoin) <a href=\"https:\/\/twitter.com\/ButtCoin\/status\/985320642969985027?ref_src=twsrc%5Etfw\">April 15, 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\">the cryptocurrency rollercoaster of DEATH <a href=\"https:\/\/t.co\/CXEIuIhuKZ\">pic.twitter.com\/CXEIuIhuKZ<\/a><\/p>\n<p>&mdash; Buttcoin (@ButtCoin) <a href=\"https:\/\/twitter.com\/ButtCoin\/status\/984548682610638848?ref_src=twsrc%5Etfw\">April 12, 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\">a brilliant economics professor hated to fail students, so he told his class that &quot;bitcoin is the future&quot;. by semester&#39;s end, all the worst students in the class had run into financial aid difficulties and transferred to community college. that professor&#39;s name? george soros<\/p>\n<p>&mdash; Buttcoin (@ButtCoin) <a href=\"https:\/\/twitter.com\/ButtCoin\/status\/984565743189622784?ref_src=twsrc%5Etfw\">April 12, 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>The NY Attorney General has not yet brought the hammer down on the exchanges. So far he&#8217;s just holding it in the air suggestively.<\/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":[597,542,595,582,9,599,583,75,372,6,596,594,584,598,457],"class_list":["post-6370","post","type-post","status-publish","format-standard","hentry","category-uncategorised","tag-baidu","tag-cambridge-analytica","tag-eric-schneiderman","tag-hunter-energy","tag-ico","tag-information-commissioners-office","tag-iot-group","tag-jpmorgan-chase","tag-kodakone","tag-links","tag-localbitcoins","tag-new-york","tag-richard-poole","tag-totem","tag-united-kingdom"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/6370","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=6370"}],"version-history":[{"count":13,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/6370\/revisions"}],"predecessor-version":[{"id":10729,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/6370\/revisions\/10729"}],"wp:attachment":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media?parent=6370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/categories?post=6370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/tags?post=6370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}