Cryptocurrency (and related fuckery)

Data extortionists who stole up to 1 terabyte of data from Nvidia have delivered one of the most unusual ultimatums ever in the annals of cybercrime: allow Nvidia’s graphics cards to mine cryptocurrencies faster or face the imminent release of the company’s crown-jewel source code.

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Oh My God Reaction GIF by reactionseditor

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If they all crypto harder, they don’t actually get more blockchains, do they :confused:

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It’s a goddamn cult, isn’t it?

I hope this one doesn’t go all People’s Temple or Heaven’s Gate, for everyone’s sake, but it would not surprise me in the least if a bunch of people “investing” in NFTs end up blowing out their brains or stepping in front of a train when the bubble finally bursts for good.

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Well, the ones running AMD miners won’t for sure…

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Just amounts to “we’re looking into it”

Would have preferred to see it banned outright, but I guess that’s why we’re not China :grimacing:

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Good interview with the SEC’s former head of Internet enforcement on why crypto is good for scams and…well, really that’s all it’s good for

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I’ve seen a lot of identical news articles on the “open letter” sent to SalesForce by over 400 employees in protest of their stated plans in the NFT space.

I haven’t been able to locate the contents of the open letter. Has anyone seen this? I might need it as reference for my own org.

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The largest heist in history…

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Opened a new tab in Brave, and got this.

Oh Brave, why do you have to be this way?

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I really wish I had a bunch more “likes” I could give this article. It is spot on.

David “DSHR” Rosenthal told us the technological side of the story, this interview with John Stark is the legal and regulatory side and really well laid out.

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killitwithfire

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Europe advances crypto-coin regulation – without potential ban on Bitcoin

Europe’s lawmakers this week moved ahead with their proposed cryptocurrency regulations, having ditched a rule that might have banned financial services from dealing in Bitcoin and Ethereum.

The European Union is considering ways to regulate digital coins, particularly to stamp out money laundering, and as such in 2020 drew up a draft framework dubbed the Markets in Crypto Assets (MiCA) to achieve this. During the development of this red tape, an amendment was proposed that, depending on its interpretation, could have made it illegal for app and web services to handle transactions involving proof-of-work coins, such as Bitcoin and Ethereum.

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