The Open Enigma Project

The Open Enigma Project

Yes, there is now a kit for building your own enigma machine. This is so cool.

“The Enigma, particularly the M4, is the most notorious encryption device of all time, as it served in the infamous German U-boat fleet and secured the most classified communications in the Third Reich,” Sanderson told Crave. “We figured we should be able — via software — to emulate older models if we built the top of the line….Just like Edison, Alan Turing and his team at Bletchley Park came up through process of elimination of every way a light bulb or message cannot be made, Alan Turing is viewed as the father of modern computers — but we prefer to see him as the first hacker,” Tessier said.

It’s Official, Bitcoin is Property, Not “Currency” according to IRS

It’s Official, Bitcoin is Property, Not “Currency” according to IRS

It will be interesting to see how this plays out. 

This would mean every miner would need copious records, and if transactions are treated like property transactions, people will be discouraged to use bitcoin as a simple medium for everyday exchange in the US – for example to buy a Whole Foods or Target gift card on Gyft.

From the article IRS QA excerpt:

Q-8: Does a taxpayer who “mines” virtual currency (for example, uses computer resources to validate Bitcoin transactions and maintain the public Bitcoin transaction ledger) realize gross income upon receipt of the virtual currency resulting from those activities?

A-8: Yes, when a taxpayer successfully “mines” virtual currency, the fair market value of the virtual currency as of the date of receipt is includible in gross income. See Publication 525, Taxable and Nontaxable Income, for more information on taxable income.

Facebook Security Director Joins Coinbase

Facebook Security Director Joins Coinbase Ryan posted on Facebook that he’s joining Coinbase. That is sure to be an exciting role.

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Chinese Wallet Proves Funds Via Cryptography ?

Chinese Wallet Proves Funds Via Cryptography ? The Chinese startup Bifubao claims it has solved the problem of proving exchanges and wallets have the funds they say they do, using its new user-verifiable wallet service.

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On Stephen Colbert at the RSA Conference

On Stephen Colbert at the RSA Conference CloudFog: Stephen Colbert’s solution to all of your secure data requirements From the Bristol Crypto Blog: “Colbert may not be an expert on cybersecurity, nor the legal and political issues surrounding it, but he does make a living from scrutinising society and highlighting absurdities in human behaviour — […]

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Cyberwarfare expert cancels Vancouver talk over fear of revealing critical infrastructure risks

Cyberwarfare expert cancels Vancouver talk over fear of revealing critical infrastructure risks In a Twitter post, Filiol, who is a veteran of the French military with a background in intelligence and computer warfare wrote: CSW 20014 cancelled talk: It’s a personal decision after wise/strong suggestions. Will explain later my decision. Thanks for your support — […]

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Wikipedia Co-Founder Jimmy Wales Accidentally Starts A Bitcoin Donation Campaign For Wikipedia

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Originally posted on TechCrunch:
Is Jimmy Wales testing out Bitcoin donations for Wikipedia? He is certainly considering it, according to a thread on Reddit. It first started with a tweet — Wikipedia co-founder set up a personal Coinbase account. Playing with BTC today: I just bought 0.1 bitcoin with @Coinbase!— Jimmy Wales (@jimmy_wales) March…

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Another hot wallet theft, Flexcoin closes

Another hot wallet theft, Flexcoin closes Flexcoin, the “bitcoin bank” closed today after it’s hot wallet was hacked. The greatest irony seems to be that the money of the internet, cannot actually ever be stored on the internet.

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Cryptographer’s Panel

Interesting Panel from this week’s RSA conference. The second half of this panel goes beyond the typical Snowden /NSA conversation and has interesting comments about advances this year in the field. One of the most interesting bits is about cracking computer encryption by merely listening to the sound a computer produces, from as much as […]

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This isn’t My Little Pony

This isn’t My Little Pony    But it clearly is a bad mare day in digital Equestria. Funny thing, this same botnet was reported back in December here: Two Million stolen Facebook, Twitter , Yahoo , ADP passwords found on Pony Botnet Server It’s interesting that no one seemed to take this seriously enough at that […]

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