The Founder of Litecoin Says He No Longer Owns Any Litecoin

“[W]henever I tweet about Litecoin price or even just good or bads news, I get accused of doing it for personal benefit. Some people even think I short LTC! So in a sense, it is conflict of interest for me to hold LTC and tweet about it because I have so much influence,” Lee, who was also an early engineering hire for crypto trading platform Coinbase, wrote on r/litecoin. “For this reason, in the past days, I have sold and donated all my LTC.”
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While an unencumbered founder may generate trust and goodwill in the short term, the question remains if Lee knows something Litecoin speculators don’t. Even the person (or people) who operated under the alias of Satoshi Nakamoto did not sell, donate, or delete their stake in Bitcoin before disappearing. Nor would it be an easy task to find a startup founder (an imperfect analogy to be sure) that did not have some level of investment in their own product. Lee notes in the same Reddit post that, “when Litecoin succeeds, I will still be rewarded in lots of different ways, just not directly via ownership of coins.”

Source: The Founder of Litecoin Says He No Longer Owns Any Litecoin

Coinbase Freezes Bitcoin Cash Trades, Launches Insider Trading Probe

Coinbase, one of the world’s most popular cryptocurrency apps, surprised its users by adding Bitcoin Cash to its offerings on Tuesday. But it appears that not everyone trading in the altcoin was blindsided by the move. Before the announcement, prices for Bitcoin Cash began climbing in other markets, and now a self-investigation of possible insider trading has been initiated.

Source: Coinbase Freezes Bitcoin Cash Trades, Launches Insider Trading Probe

The wild west of unregulated currencies! It’s nice to see these guys jumping through hoops to show that they have responsible policies in the hopes that they won’t get heavily regulated by local governments in an international setting, giving them a huge disadvantage to other companies in the same – but unregulated – space.

Lightwear: Introducing Magic Leap’s $1.9 Billion Dollar Invstement Mixed Reality Goggles

Magic Leap today revealed a mixed reality headset that it believes reinvents the way people will interact with computers and reality. Unlike the opaque diver’s masks of virtual reality – which replace the real world with a virtual one – Magic Leap’s device, called Lightwear, resembles goggles, which you can see through as if you’re wearing a special pair of glasses. The goggles are tethered to a powerful pocket-sized computer, called the Lightpack, and can inject life-like moving and reactive people, robots, spaceships – anything – into a person’s view of the real world.
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Where the 1830s technology uses two flat images, virtual reality essentially uses two screens. Abovitz thought there had to be a better way. He was uninterested in improving virtual reality; instead, he sought a better way to create images that can be placed into a person’s view of the real world. In short, he was interested in mixed reality.
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The first was something called the analog light field signal. The light field is essentially all of the light bouncing off all of the objects in a world. When you take a picture, you’re capturing a very thin slice of that light field. The eye, however, sees much more of that light field, allowing a person to perceive depth, movement and a lot of other visual subtleties. The other thing that Abovitz wanted to figure out was how that light field signal makes its way into your brain through the eye and into the visual cortex.“The world you perceive is actually built in your visual cortex,” he says. “The idea is that your visual cortex and a good part of the brain is like a rendering engine and that the world you see outside is being rendered by roughly a 100 trillion neural-connections.”
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technology didn’t need to capture the entirety of the light field and recreate it; it just needed to grab the right bits of that light field and feed it to the visual cortex through the eye. Abovitz calls it a system engineering view of the brain. “Our thought was, if we could figure out this signal and or approximate it, maybe it would be really cool to encode that into a wafer,” he says. “That we could make a small wafer that could emit the digital light field signal back through the front again. That was the key idea.”

Suddenly, Abovitz went from trying to solve the problem to needing to engineer the solution. He was sure if they could create a chip that would deliver the right parts of a light field to the brain, he could trick it into thinking it was seeing real things that weren’t there. The realization meant that they were trying to get rid of the display and just use what humans already have. “There were two core zen ideas: The no-display-is-the-best-display and what’s-outside-is-actually-inside. And they turned out to be, at least from what we’ve seen so far, completely true. Everything you think is outside of you is completely rendered internally by you, co-created by you plus the analog light field signal.
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The light field photonics, which can line up a fake reality in your natural light real one, may be the most obvious of the innovations on display, but there’s much more. The visual perception system is actively tracking the world you’re moving through, noting things like flat surfaces, walls, objects. The result is a headset that sees what you do, and that can then have its creations behave appropriately, whether that means hanging a mixed reality monitor next to your real one, or making sure the floating fish in your living room don’t drift through a couch. That room mapping is also used to keep track of the things you place in your world so they’re there waiting for you when you come back. Line up six monitors above your desk and go to sleep, the next day they’ll be exactly where you left them.

Source: Lightwear: Introducing Magic Leap’s Mixed Reality Goggles – Rolling Stone



Well I don’t like the design language much, but it does look a lot better (and lighter!) than the VR stuff out there

Bitcoin exchange Youbit shuts after second hack attack – BBC News

A crypto-currency exchange in South Korea is shutting down after it was hacked for the second time in less than eight months.

Youbit, which lets people buy and sell bitcoins and other virtual currencies, has filed for bankruptcy after losing 17% of its assets in the cyber-attack.

It did not disclose how much the assets were worth at the time of the attack.

In April, Youbit, formerly called Yapizon, lost 4,000 bitcoins now worth $73m (£55m) to cyberthieves.

Source: Bitcoin exchange Youbit shuts after second hack attack – BBC News

Yup, it’s the wild west out there with those Bitcoins!

Dozens of Companies Are Using Facebook to Exclude Older Workers

Verizon is among dozens of the nation’s leading employers — including Amazon, Goldman Sachs, Target and Facebook itself — that placed recruitment ads limited to particular age groups, an investigation by ProPublica and The New York Times has found.

The ability of advertisers to deliver their message to the precise audience most likely to respond is the cornerstone of Facebook’s business model. But using the system to expose job opportunities only to certain age groups has raised concerns about fairness to older workers.

Several experts questioned whether the practice is in keeping with the federal Age Discrimination in Employment Act of 1967, which prohibits bias against people 40 or older in hiring or employment. Many jurisdictions make it a crime to “aid” or “abet” age discrimination, a provision that could apply to companies like Facebook that distribute job ads.

“It’s blatantly unlawful,” said Debra Katz, a Washington employment lawyer who represents victims of discrimination.

Facebook defended the practice. “Used responsibly, age-based targeting for employment purposes is an accepted industry practice and for good reason: it helps employers recruit and people of all ages find work,” said Rob Goldman, a Facebook vice president.

Source: Dozens of Companies Are Using Facebook to Exclude Older… — ProPublica

The statement by Rob Goldman defies belief! Being ageist is good for people of all ages? No, Rob, being ageist is only good for those people who’s age you are targetting.

Windows 10 Facial Recognition Feature Can Be Bypassed with a low res Photo

You can bypass Windows Hello with a low-res printed photoIn a report published yesterday, German pen-testing company SySS GmbH says it discovered that Windows Hello is vulnerable to the simplest and most common attack against facial recognition biometrics software — the doomsday scenario of using a printed photo of the device’s owner.Researchers say that by using a laser color printout of a low-resolution (340×340 pixels) photo of the device owner’s face, modified to the near IR spectrum, they were able to unlock several Windows devices where Windows Hello had been previously activated.The attack worked even if the “enhanced anti-spoofing” feature had been enabled in the Windows Hello settings panel, albeit for these attacks SySS researchers said they needed a photo of a higher resolution of 480×480 pixels (which in reality is still a low-resolution photo).

Source: Windows 10 Facial Recognition Feature Can Be Bypassed with a Photo

Hackers Used DC Police Surveillance System to Distribute Ransomware

A Romanian man and woman are accused of hacking into the outdoor surveillance system deployed by Washington DC police, which they used to distribute ransomware.The two suspects are named Mihai Alexandru Isvanca and Eveline Cismaru, Romanian nationals, both arrested last week by Romanian authorities part of Operation Bakovia that culminated with the arrest of five suspects on charges of distributing email spam laced with the CTB-Locker and Cerber ransomware strains.Hackers breached 123 of 187 of Washington police CCTV camerasAccording to an affidavit filed by the US Secret Service, the two are accused of hacking into 123 of the 187 security cameras deployed part of the Metropolitan Police Department of the District of Columbia (MPDC) closed-circuit TV system that Washington police uses to keep an eye on public spaces across the city.
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The two supposedly hacked MPDC cameras and computers on January 9. Washington police discovered the intrusion on January 12 and shut down the system for four days until January 15 to clean and secure their network.

The shutdown of Washington, DC’s entire CCTV system took place two weeks ahead of President Trump’s inauguration ceremony and caused a stir in US media, as many initially pinned it on foreign nation-state hackers.

Source: Hackers Used DC Police Surveillance System to Distribute Cerber Ransomware

Nissan Canada Finance hacked, up to 1.1m Canucks exposed

Nissan Canada’s vehicle-financing wing has been hacked, putting personal information on as many as 1.13 million customers in the hands of miscreants.
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According to Nissan Canada, the exposed data includes at least customer names, addresses, vehicle makes and models, vehicle identification numbers (VINs), credit scores, loan amounts and monthly payment figures.

“We are still investigating precisely what personal information has been impacted,” the biz said, adding that it was working with the cops and infosec experts to work out what the heck happened. “At this time, there is no indication that customers who financed vehicles outside of Canada are affected.”

Nissan Canada admitted it discovered on Monday, December 11, that it had been hacked, and alerted the world, er, 10 days later.

Source: Braking news: Nissan Canada hacked, up to 1.1m Canucks exposed • The Register

 Gemini • Psion come alive again running linux and android

Gemini brings the Psion Series 5 design into the 21st century. Psion’s designer, Martin Riddiford of Therefore, has devised a new keyboard and hinge, which allows the machine to spring open and snap shut, just like Psions used to, and stand firmly on a flat surface without keeling over. Inside is a full phone board, MediaTek’s 10-core chip.It dual boots between Android – yes, with full Google Play Services – and Linux.

Source: How’s this for a stocking filler next year? El Reg catches up with Gemini • The Register

Yes, your old iPhone is slowing down: iOS hits brakes on CPUs as batteries wear out

It turns out Apple’s mobile operating system includes a throttling mechanism for devices with weary batteries, designed to limit CPU utilization in order to prevent peak power demands that the battery is no longer capable of providing. In other words, the OS secretly stalls the CPU on older iPhones to stop them rapidly draining their aging batteries to zero.When the CPU runs slower, though, so do the apps on the device, and some of the iPhone users who experienced this first hand have been wondering why.

Source: Yes, your old iPhone is slowing down: iOS hits brakes on CPUs as batteries wear out • The Register

Chinese Adups Backdoor Still Active on Many Android Devices

Back in mid-November 2016, US cyber-security firm Kryptowire revealed it discovered that firmware code created by a Chinese company called Adups was collecting vasts amount of user information and sending it to servers located in China.According to Kryptowire, the backdoor code was collecting SMS messages, call history, address books, app lists, phone hardware identifiers, but it was also capable of installing new apps or updating existing ones.
[…]
At the time, experts believed Adups shipped out the backdoored component to other phone vendors and the component eventually made its way inside over 700 million devices, most of which were low-budget Android phones, and in some cases, some Android Barnes & Noble NOOK tablets.

Following the revelations, many online stores reacted by refusing to sell phone models known to be vulnerable. With pressure from smartphone manufacturers and even the DHS, Adups eventually shipped out a version of the FOTA component without the backdoor and data collection code, even if in a presentation at the Black Hat 2017 security conference held in Las Vegas in August, Kryptowire researchers said that some devices were still sending data to the Adups servers.
[…]
But Malwarebytes says it found another Adups component doing bad things. Just like the previous Adups backdoor, this app is also unremovable, and users can’t disable it either.

This second component is found on phones under two names, such as com.adups.fota.sysoper or com.fw.upgrade.sysoper, which appear in the phone’s app list with the name UpgradeSys (FWUpgradeProvider.apk).

The good news is that this one does not collect user data, but instead only includes the ability “to install and/or update apps without a user’s knowledge or consent,” according to Nathan Collier, Senior Malware Intelligence Analyst.
[…]
The only way to remove the suspicious component is if users root their devices, something that many phone manufacturers recommend against, as it could open smartphones to even more dangerous threats

Source: Chinese Backdoor Still Active on Many Android Devices

Ghostery, uBlock, Privacy Badger lead the anti-tracking browser extensions

A group of researchers in France and Japan say RequestPolicyContinued and NoScript have the toughest policies, while Ghostery and uBlock Origin offer good blocking performance and a better user experience.

The study also gave a nod to the EFF’s Privacy Badger, which uses heuristics rather than block lists, but once trained is nearly as good as Ghostery or uBlock, demonstrating that its heuristics are reliable.

Source: Ghostery, uBlock lead the anti-track pack