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arusso • Jul 19, 2024, 10:38 am EDT

Microsoft’s Blue Screen of Death Disrupts Global IT Systems

A recent software update from cybersecurity company CrowdStrike has caused widespread IT system disruptions across numerous critical sectors worldwide. Banks, airports, TV stations, healthcare organizations, hotels, and various other businesses are grappling with significant outages, resulting in grounded flights and considerable operational chaos. In the early hours of Friday, companies in Australia running Microsoft’s Windows operating system began reporting Blue Screen of Death (BSOD) errors on their devices. Shortly after, similar reports started pouring in from around the world, including the UK, India, Germany, the Netherlands, and the US. Notably, TV station Sky News went offline, and US airlines United,

3 minutes

johnd • Jul 12, 2024, 2:07 pm EDT

AT&T Data Breach Highlights Need to Rethink Data Collection Practices

In a stark reminder of the risks in the digital age, AT&T has disclosed a massive data breach exposing the call and text records of tens of millions of its cellphone customers and many non-AT&T customers. The breach, which occurred between May 1, 2022, and October 31, 2022, brings to light critical issues in how and why data is collected and stored, raising questions about the necessity and security of such practices. The Scope of the Breach AT&T’s announcement revealed that the compromised data includes the telephone numbers of “nearly all” of its cellular customers, as well as those of

3 minutes

satoshin • Jul 9, 2024, 10:09 am EDT

RNC Embraces Pro-Bitcoin Stance in 2024 Party Platform

In a significant move, the Republican National Committee (RNC) has endorsed a pro-crypto, pro-Bitcoin stance in its draft of the 2024 party platform. Titled “America First: A Return to Common Sense,” the document was approved by an RNC panel and is set to face a final vote on Tuesday. The draft includes a dedicated section on digital assets and Bitcoin, emphasizing the party’s support for the growing digital asset sector. Chapter three of the platform, “Build the Greatest Economy in History,” outlines the RNC’s commitment to defending the right to mine bitcoin and ensuring every American can self-custody their digital

3 minutes

arusso • Jul 2, 2024, 10:34 am EDT

Sony Enters Crypto Arena with Launch of an Exchange

Electronics giant Sony, valued at $105 billion, is making a bold move into the cryptocurrency market with the launch of its own bitcoin and crypto exchange, S.BLOX. This strategic initiative follows Sony’s acquisition of Amber Japan, a notable exchange formerly known as DeCurret before being taken over by Singapore-based Amber Group in 2022. Purchased through Sony’s subsidiary, Quetta Web, Amber Japan has now been rebranded as S.BLOX. Sony’s entry into the crypto space marks a significant step in the company’s evolution. The exact launch date for S.BLOX remains under wraps, but Sony has announced plans for substantial upgrades to the

2 minutes

johnd • Jul 1, 2024, 12:29 pm EDT

Mt. Gox Set to Return Billions in Bitcoin to Victims: A Decade-Long Wait Finally Ends

In the cryptocurrency world, few stories are as infamous as the rise and fall of Mt. Gox, the Tokyo-based bitcoin exchange that once dominated the market. Now, after a decade-long legal and financial odyssey, Mt. Gox is set to repay its users nearly $9 billion worth of tokens. This momentous event, scheduled to begin in early July, marks a significant milestone for the thousands of creditors who have waited years for restitution. Mt. Gox’s downfall began in early 2014, when a series of devastating hacks led to the loss of up to 950,000 bitcoins, valued at over $59 billion today.

3 minutes

carlp • Jun 28, 2024, 2:51 pm EDT

Coinbase Launches Legal Offensive Against SEC and FDIC

Coinbase, the largest U.S. crypto exchange, has filed lawsuits against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) to obtain documents related to their approaches to crypto regulation. Filed on Thursday in a Washington, D.C. district court, these lawsuits aim to uncover what Coinbase describes as a coordinated effort by federal financial regulators to pressure banks into denying crypto firms access to the banking system. A Coinbase spokeswoman stated, “For years, financial regulators – including the SEC, the FDIC, and the Federal Reserve Board – have used every tool at their disposal to try to

3 minutes

arusso • Jun 27, 2024, 12:48 pm EDT

Louisiana Passes Landmark Bill to Protect Bitcoin Rights and Ban CBDCs

In a groundbreaking move, Louisiana has become the fourth state to pass a law defending Bitcoin rights, joining the ranks of Oklahoma, Montana, and Arkansas. The Satoshi Action Fund successfully championed House Bill 488, which Governor Jeff Landry signed into law following bipartisan approval from both the House and Senate. This landmark legislation, led by Representative Mark Wright and supported by Senator Jean-Paul Coussan, is designed to ensure continued access to Bitcoin while placing restrictions on Central Bank Digital Currencies (CBDCs). Key Features of HB 488 The new law enshrines several critical protections for Bitcoin holders and miners, signaling Louisiana’s

4 minutes

carlp • Jun 22, 2024, 12:36 am EDT

Winklevoss Twins Donate Over $2 Million in Bitcoin to Trump: A Stand Against the Biden Administration’s Crypto Policies

In a significant show of support for former President Donald Trump, Cameron and Tyler Winklevoss have donated 30.94 Bitcoin, valued at over $2 million, to his campaign. The Winklevoss twins, renowned for their early investment in Bitcoin and the founding of the Gemini cryptocurrency exchange, made the announcement on X, expressing their discontent with the Biden Administration’s aggressive and hostile approach to bitcoin and cryptocurrency regulation. A Unified Front for Crypto Advocacy The Winklevoss twins are not alone in their support for Trump. Their donation is part of a broader trend among prominent figures in the cryptocurrency community, including Bitcoin

3 minutes

johnd • Jun 21, 2024, 11:48 am EDT

SEC Ends Investigation Into Ethereum 2.0, Consensys Announces

Background on the SEC Investigation In April, blockchain development company Consensys received a Wells Notice from the U.S. Securities and Exchange Commission (SEC), a precursor to legal action, concerning its MetaMask wallet. The wallet enables users to self-custody Ethereum (ETH) and other cryptocurrencies. The SEC’s investigation aimed to ascertain whether Ethereum, the second-largest cryptocurrency by market cap, should be classified as a security. Consensys’ Legal Action Against SEC Consensys filed a lawsuit against the SEC, seeking to stop the investigation. The company argued that Ethereum qualifies as a commodity, not a security, placing it outside the SEC’s regulatory scope. This

2 minutes

Kenneth Shortrede • Jun 19, 2024, 11:24 am EDT

Apple’s AI Integration: Privacy Sacrificed at the Altar of Security

This is an opinion piece written by Kenneth Shortrede, Senior Software Engineer at Byte Federal. His opinions are his own, Byte Federal stands with him against the relentless invasion and erosion of privacy across the globe. In its relentless march towards innovation, Apple has announced plans to weave artificial intelligence (AI) into every fabric of its ecosystem. This ambitious vision promises a seamless, intuitive user experience powered by sophisticated AI algorithms. However, beneath this veneer of convenience lies a stark reality: the erosion of user privacy. Apple has long marketed itself as a champion of user privacy, often touting its

4 minutes