technology

Revealed: The NSA’s Secret Campaign to Crack, Undermine Internet Security

"The agency has circumvented or cracked much of the encryption, or digital scrambling, that guards global commerce and banking systems, protects sensitive data like trade secrets and medical records, and automatically secures the e-mails, Web searches, Internet chats and phone calls of Americans and others around the world. The agency, according to the documents and interviews with industry officials, deployed custom-built, superfast computers to break codes, and began collaborating with technology companies in the United States and abroad to build entry points into their products. The documents do not identify which companies have participated." Continue reading →

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Internet Governance Meltdown II: The Unilateral Right to Amend

"The U.S. government was one of the only commentators to express unqualified endorsement of the proposed changes in the registry agreement. And it was pressure from law enforcement interests promoted by the U.S. government that also led to the troubles in negotiating the RAA. We see accountability and responsibility for policy making migrating further and further away from the individuals and organizations who participate in ICANN’s bottom up process, and towards state actors and ICANN staff. A key contributor to this migration is the idea of a monarchical ability of the authorities to discern 'the public interest' and impose rules, top down, on the public itself to pursue that 'public interest.'" Continue reading →

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Sudden spike of Tor users likely caused by one “massive” botnet

"Researchers have found a new theory to explain the sudden spike in computers using the Tor anonymity network: a massive botnet that was recently updated to use Tor to communicate with its mothership. Making a C&C server a Tor hidden service makes sense from an attacker's perspective. Tor makes it much harder for white hats and law enforcement officers to identify the malware operators and to shut down the server. Instead of connecting to a registered IP address, an infected machine connects to a pseudo address such as vtipk3.onion that is hard—if not impossible—to trace. Researchers have been predicting that botnets would adopt Tor protocols since at least 2010." Continue reading →

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Bitcoin entrepreneur Voorhees doubles down in Panama City

"Erik Voorhees, the man who founded Bitcoin casino SatoshiDice for 45 Bitcoin and sold it a year later for $11.5 million worth of the currency is doubling down on the industry. Although Voorhees isn’t publicizing how much of the 126,315 Bitcoins he personally earned, he is investing them in startups tied to the virtual currency rather than cashing in the coins. At the moment, Voorhees is in Panama City running his new company, Coinapult, launched in April 2012, that lets users send Bitcoin via email or SMS. 'We moved down here because our target market is the developing nations, and the unbanked population (which is massive),' he wrote." Continue reading →

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Bitcoin’s dilemma: go mainstream, or stay radical?

"Bitcoin enthusiasts and libertarians the world over are in a state of confusion about the slowness with which the outside world is catching on to their new way of exchanging money. But regulators and lawmakers are now, very gradually, realising they need to do something about this growing beast, even if they don't quite know what that something is. If the 'teenage band' gets signed on a 'mainstream label' then it will inevitably stray into more commercially minded territory. However, if the managers of the labels are not listening closely or do not like what they hear, perhaps this period of underground innovation will continue." Continue reading →

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Paypal freezes $45,000 of Mailpile’s crowdfunded dollars

"The product aims to let users keep their mail local and under their own control rather than relying on Google, Microsoft, or another cloud e-mail provider. The crowdfunding campaign has exceeded its goal and things appeared to be going well for the company—until last weekend, when Mailpile's Brennan Novak awoke to a notification that Paypal was canceling his debit card and freezing his Paypal account, apparently on suspicion of fraudulent activity. Paypal will be keeping the funds frozen for a full year or until they have a verifiable 1.0 release of their product. Alternately, Paypal said, Mailpile could provide Paypal with 'an itemized budget and your development goal dates' for the project." Continue reading →

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Mapping the Bitcoin Economy Could Reveal Users’ Identities

"The new research comes at a time when investment in the bitcoin economy is booming (see “Bitcoin Hits the Big Time”), and as it is being scrutinized by U.S. authorities. In 2013, the U.S. Department of Homeland Security has seized a total of $5 million from Mt Gox, the largest exchange where people go to convert between bitcoins and conventional currencies. Last month, New York’s financial regulator subpoenaed 22 companies to gather information about their dealings with Bitcoin. 'The Bitcoin protocol still has huge potential for anonymity,' says Sarah Meiklejohn, who led the research project, 'but the way that people are using it is not achieving anonymity at all.'" Continue reading →

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How We Got Busted Buying Drugs On Silk Road’s Black Market

"To be clear, we weren’t caught by law enforcement–so far at least, our experiment last month in ordering small amounts of marijuana from three different Bitcoin-based online black markets hasn’t resulted in anyone getting arrested. But a few weeks after those purchases, I asked Sarah Meiklejohn, a Bitcoin-focused computer science researcher at the University of California at San Diego, to put the privacy of our black market transactions to the test by tracing the digital breadcrumbs that Bitcoin leaves behind. The result of her analysis: On Silk Road, and possibly on smaller competitor markets, our online drug buys were visible to practically anyone who took the time to look." Continue reading →

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Local Television Beats the Internet?

"Television has the reach of nearly 89% of the total U.S. population. The only thing that comes close to matching television’s reach is the Internet — currently hitting 73.1% of the population. Local television websites continue to draw in new viewers, and ad dollars have followed. Local online advertising revenues nationwide are up over 175.19% over the past five years — 1.3 times higher than the overall growth of Internet advertising spending. Companies are using excess spectrum to roll out additional channels that are even more tailored to specific viewer groups. This sets up whole new revenue streams that advertisers and content providers are eager to work with." Continue reading →

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Another 1.8 Million People Just Ditched Cable TV

"Another quarter, another dismal set of numbers for the TV business. About1.8 million people ended their cable TV subscriptions in Q2 2013, according to analysts at SNL Kagan. Where are all the cord-cutters going? Here's one theory: As the availability of free WiFi increases, folks whose primary access to video and the web is on mobile devices and tablets — the young and the poor, in other words — have a less urgent need for subscriber services. The pay TV business is still huge, of course. But the losses in old-fashioned cable are not being gained by telco/internet suppliers who also supply TV." Continue reading →

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