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Owners of BitMEX, a Leading Bitcoin Exchange, Face Criminal Charges (nytimes.com) 24

Posted by BeauHD from the largest-and-most-established-exchange dept.
An anonymous reader quotes a report from The New York Times: American authorities brought criminal charges on Thursday against the owners of one of the world's biggest cryptocurrency trading exchanges, BitMEX, accusing them of allowing the Hong Kong-based company to launder money and engage in other illegal transactions. Federal prosecutors in Manhattan indicted the chief executive of BitMEX, Arthur Hayes, and three co-owners: Benjamin Delo, Samuel Reed and Gregory Dwyer. Mr. Dwyer was arrested in Massachusetts on Thursday, while the other three men remained at large, authorities said.

Prosecutors said BitMEX had taken few steps to limit customers even after being informed that the exchange was being used by hackers to launder stolen money, and by people in countries under sanctions, like Iran. "BitMEX made itself available as a vehicle for money laundering and sanctions violations," the indictment released on Thursday said. BitMEX has handled more than $1.5 billion of trades each day recently, making it one of the five biggest exchanges on most days. BitMEX and Mr. Hayes have been known for pushing the limits in the unregulated cryptocurrency industry.

After it was founded in 2014, BitMEX grew popular by allowing traders to buy and sell contracts tied to the value of Bitcoin -- known as derivatives, or futures -- with few of the restrictions and rules that were in place in other exchanges. That allowed investors to take out enormous loans and make risky trades. The relaxed attitude also made it possible for people all over the world to easily move money in and out of BitMEX without the basic identity checks that can prevent money laundering. In August, BitMEX put in place some of those verification checks.

Submission + - Publishers Worry as Ebooks Fly off Libraries' Virtual Shelves (wired.com)

Submitted by Anonymous Coward
An anonymous reader writes: After the pandemic closed many libraries’ physical branches this spring, checkouts of ebooks are up 52 percent from the same period last year, according to OverDrive, which partners with 50,000 libraries worldwide. Hoopla, another service that connects libraries to publishers, says 439 library systems in the US and Canada have joined since March, boosting its membership by 20 percent. Some public libraries, new to digital collections, delight in exposing their readers to a new kind of reading. The library in Archer City, Texas, population 9,000, received a grant to join OverDrive this summer. The new ebook collection “has really been wonderful,” says library director Gretchen Abernathy-Kuck. “So much of the last few months has been stressful and negative.” The ebooks are “something positive. It was something new.”

But the surging popularity of library ebooks also has heightened longstanding tensions between publishers, who fear that digital borrowing eats into their sales, and public librarians, who are trying to serve their communities during a once-in-a-generation crisis. Since 2011, the industry’s big-five publishers—Penguin Random House, Hachette Book Group, HarperCollins, Simon and Schuster, and Macmillan—have limited library lending of ebooks, either by time—two years, for example—or number of checkouts—most often, 26 or 52 times. Readers can browse, download, join waiting lists for, and return digital library books from the comfort of their home, and the books are automatically removed from their devices at the end of the lending period. The result: Libraries typically pay between $20 and $65 per copy—an industry average of $40, according to one recent survey—compared with the $15 an individual might pay to buy the same ebook online. Instead of owning an ebook copy forever, librarians must decide at the end of the licensing term whether to renew.

Submission + - Blizzard In Hot Water With Lawmakers For Hearthstone Player Ban (theverge.com)

Submitted by jimminy_cricket
jimminy_cricket writes: Due to the ban placed on a Hearthstone player for supporting Hong Kong protestors, Blizzard is now receiving criticism from US senators. Quoting The Verge:
"‘Blizzard shows it is willing to humiliate itself to please the Chinese Communist Party,’ Sen. Ron Wyden said."

Submission + - Ebay shop scrapes Thingiverse, sells designs in violation of Creative Commons (all3dp.com)

Submitted by He Who Has No Name
He Who Has No Name writes: A little over a week ago, Thingiverse user Loubie posted Sad Face! to Thingiverse, protesting the use — without permission — of their designs and those of others by JustPrint3D, an Ebay seller marketing physical prints of the designs in question (over 2,000 by some counts). Despite a terse and legally shaky denial of any wrongdoing by JustPrint3D, there are obviously multiple violations of various iterations of the Creative Commons licenses (several forms of the CC license are options for Thingiverse uploaders to assign to their Things when uploading, and one is the default). Now MakerBot itself is wading into the uproar firmly on the side of its users, and has released a statement mentioning potential legal action.

Submission + - Obama Administration Set to Expand Sharing of Data That NSA Intercepts (nytimes.com)

Submitted by schwit1
schwit1 writes: The Obama administration is on the verge of permitting the National Security Agency to share more of the private communications it intercepts with other American intelligence agencies without first applying any privacy protections to them, according to officials familiar with the deliberations.

The change would relax longstanding restrictions on access to the contents of the phone calls and email the security agency vacuums up around the world, including bulk collection of satellite transmissions, communications between foreigners as they cross network switches in the United States, and messages acquired overseas or provided by allies.

The idea is to let more experts across American intelligence gain direct access to unprocessed information, increasing the chances that they will recognize any possible nuggets of value. That also means more officials will be looking at private messages — not only foreigners' phone calls and emails that have not yet had irrelevant personal information screened out, but also communications to, from, or about Americans that the NSA's foreign intelligence programs swept in incidentally.

Civil liberties advocates criticized the change, arguing that it will weaken privacy protections. They said the government should disclose how much American content the NSA collects incidentally — which agency officials have said is hard to measure — and let the public debate what the rules should be for handling that information.

Comment Re:Caffiene, Nicotine, Preservatives, and Sugar. . (Score 4, Insightful) 352

by Artifex (#51583093) Attached to: My typical daily caffeine intake, circa early 2016:

Maybe people will start smoking again once they fix the issues it causes using nanotechnology :D

Can't solve the problems it causes in oxygen-rich environments, like space stations (and perhaps eventually pressurized buildings in high-pollution areas), that way. Smoking in low- or no-gravity would be harder, regardless, without fans or something to ensure fresh oxygen and removal of waste gases buildup. And then your air scrubbers have to be more complicated and work harder to deal with your exhaust, and you need robots or cleaning time devoted to remove residue off surfaces and out of circuitry. Much more efficient all around to eat or drink or contact-absorb your adulterant of choice. I'm not even going to say inject, because a limited supply of needles in spaceflight or remote locations, with subsequent issues of disposal, should be reserved for medical necessity.

Submission + - Cops are asking Ancestry.com and 23andMe for their customers' DNA (fusion.net)

Submitted by Anonymous Coward
An anonymous reader writes: When companies like Ancestry.com and 23andMe first invited people to send in their DNA for genealogy tracing and medical diagnostic tests, privacy advocates warned about the creation of giant genetic databases that might one day be used against participants by law enforcement. DNA, after all, can be a key to solving crimes. It “has serious information about you and your family,” genetic privacy advocate Jeremy Gruber told me back in 2010 when such services were just getting popular.
Now, five years later, when 23andMe and Ancestry both have over a million customers, those warnings are looking prescient.

Submission + - Collecting Private Flight Data On The World Economic Forum Atendees With RTL-SDR

Submitted by Anonymous Coward
An anonymous reader writes: Every year politicians and business men meet at the World Economic Forum in the small mountain town of Davos, Switzerland to discuss various topics and create business deals. This year Quartz, an online newspaper/magazine sent a journalist to the forum tasked with writing a unconventional story about the forum: he was asked to monitor the private helicopter traffic coming in and out of Davos from transponder broadcast of ADS-B data. Using an $20 RTL-SDR dongle, Raspberry Pi and ADS-B collinear antenna they monitored the flights over Davos. From the data they were able to determine the flight paths that many helicopters took, the types of helicopters used and the most popular flight times.

Submission + - Fallout 4 release raises questions about reviews of buggy games (kotaku.com)

Submitted by RogueyWon
RogueyWon writes: Fallout 4, the latest instalment in the long-running video-game series and one of the most hyped titles of the year, was released on 10 November. The game has generally been reviewing well, currently holding a Metacritic score of 89. However, a number of reviewers have noted the very large number of bugs present in all versions of the game and have, in some cases, reflected on the difficulty that these pose for reviewers, despite still awarding positive overall write-ups. Can it be ethical to recommend a product to consumers on the basis of its strengths, despite knowing that it contains serious faults?

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