Could Bitcoin Go Legit?
Posted by News Fetcher on May 30 '13 at 04:30 PM
By samzenpus from Slashdot's turning-over-a-new-leaf department
Velcroman1 writes "On May 15, the Department of Homeland Security seized a digital bank account used by 'MtGox,' the world's largest exchange, where people buy and sell bitcoins. DHS alleged, and a judge agreed, that there is 'probable cause' that MtGox is an 'unlicensed money service business.' If proven, the penalty for operating such a business is a fine and up to 5 years in jail. FoxNews.com caught up with several bitcoin exchanges, including CampBX, MtGox, CoinLab and more, to ask them how they've navigated the regulatory waters — and how to go legit."
In other shady bitcoin news, it appears the demise of Liberty Reserve
has caused hackers to find a new alternative. twoheadedboy writes "Despite suggestions Bitcoin might be the ideal currency for dealers on the dark web, it appears Perfect Money, a Panama-based operation, is proving the most popular alternative to the now-defunct Liberty Reserve. A source working the underground forums told TechWeekEurope that, for now, fraudsters are rapidly migrating to Perfect Money. Many vendors have started accepting it, having previously primarily used Liberty Reserve, which was shut down following the arrest of its founder and four other members this past week. Internet fraudsters might be interested in Perfect Money as it has distanced itself from the U.S., cutting off all new American registrations. However, one forum user said he was turned down by Perfect Money as their 'type of activity is not welcome.' Other currencies may yet win out."Read Replies (0)
By timothy from Slashdot's send-you-this-file-in-order-to-have-your-advice department
New submitter m.alessandrini writes "I've been using Debian for a long time, and I'm not a novice at all; I install system updates almost daily, I avoid risky behaviors on Internet, and like all Linux users I always felt safe. Yesterday my webcam suddenly turned on, and turned off after several minutes. I'm pretty sure it was nothing serious, but I started thinking about malware. At work I use noscript and other tools, but at home I have a more relaxed browser to be used by other family members, too. Here I'm not talking about rootkits or privilege escalation (I trust Debian), I think more of normal user compromise. For example, these days much malware come from malicious scripts in sites, even in advertising banners inside trusted sites, and this is more 'cross-platform' than normal viruses. So, what about non-root user malware? How much could this be real? And how can you diagnose it?"Read Replies (0)
By Roblimo from Slashdot's we-would-love-to-love-you-again-because-you're-a-good-old-friend department
, "With Wii Street U powered by Google, you can step into Google Street View with an immersive experience that feels like you’re actually there! View a 360-degree Google Maps Street View of locations all over the world using the Wii U GamePad motion controls. Use the GamePad touch screen to type in an address or location and explore, or instantly travel to over 70 fascinating, hand-picked locations around the globe." It all looks lovely, but can't we do most of this with Android phones? And couldn't a smart developer make the Google Street View Android phone experience even more immersive, so we wouldn't all need to buy a Wii U
? Nintendo, we love you, but the Wii U still looks pretty dead
unless it gets some major rethinking, and this Street View app doesn't seem to be it.Read Replies (0)