Tuesday, March 5, 2019

Coinbase Cuts Hacking Team Ties / Starbucks / Dorsey Keeps Buying / QuadrigaCX

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1. Coinbase will cut ties with several members of Neutrino who worked at controversial cybersecurity startup Hacking Team. That includes members of Neutrino's C-suite, including CEO Giancarlo Russo, CTO Alberto Ornaghi and chief research officer Marco Valleri. The decision comes after public outcry over Neutrino's ties to Hacking Team, which came to light following Coinbase's acquisition last month. Hacking Team allegedly sold spyware and questionable pieces of software to human rights abuser groups and governments. The members of Neutrino without ties to Hacking Team will still join ​​​​Coinbase's operation in London as was previously planned. –ETHEREUM WORLD NEWS

Coinbase to cut ties with Hacking Team members
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2. Starbucks will reportedly receive a "disproportionately high" equity reward for its continued adoption pledge for Bakkt, the New York Stock Exchange's forthcoming crypto trading platform. This, however, does not mean users can buy a caramel macchiato at their local store directly with bitcoin. The Bakkt software customers use will exchange their cryptocurrency for fiat, which will then be used to pay Starbucks. That way Starbucks itself never holds cryptocurrency. However, the arrangement may incentivize the company's 60 million customers per week to use crypto for small transactions. –THE BLOCK CRYPTO

Starbucks to receive equity for supporting Bakkt
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3. Twitter and Square CEO Jack Dorsey purchases the maximum $10,000 worth of bitcoin every week, he said on the "Tales from the Crypt" podcast. The amounts to about 2.7 BTC per week. Dorsey, who has been a vocal proponent of bitcoin and the lightning network in media interviews in recent weeks, did not say for how long he has been accumulating bitcoin. However, if he bought $10,000 worth of bitcoin every week for a year, that total would still only account for 0.0928 percent of his $5.6 billion net worth. –NEWS BTC

Jack Dorsey buys $10K in bitcoin per week
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4. The Federal Bureau of Investigation and the Royal Canadian Mounted Police have started investigations into beleaguered crypto exchange QuadrigaCX. Jesse Powell, the CEO of Kraken, said both law enforcement agencies contacted him as part of an effort to learn what happened at QuadrigaCX, which has been unable to account for $135 million in cryptocurrency following its founder's death in December. Powell said he believes QuadrigaCX did not put the cryptocurrency into cold storage as once believe, but into Internet-connected "hot wallets" on other exchanges. He added that the FBI and RCMP could issue subpoenas to other exchanges that reportedly received funds from QuadrigaCX. –FORTUNE

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5. Cryptocurrency miners are being deployed as rogue containers distributed on Docker's open source Hub. Identifying these items is difficult and they can be used as entry points to enterprise networks. Developers should check API calls and access rights from containers to prevent this situation. –TREND MICRO BLOG

This article first appeared in today's issue of Inside Security. Subscribe here!

6. Bitcoin.com CEO Roger Ver posted a screenshot that claims anonymous government-backed hackers tried to compromise one of his site's email accounts. –NEWS BTC

7. Julia Herbst ran into several complications while ordering pizza through LN.Pizza, a process that made her write, "The undertaking was, well, what's the opposite of seamless?" –BREAKER MAG

8. Two developers working in different countries sent a bitcoin lightning payment over ham radio waves. –COINDESK

9. Parjar.io added support for bitcoin cash on Telegram, giving users another way to tip one another. –REDDIT

10. The gross margin for bitcoin miners increased seven percent from January to February, its first increase in more than a year. –THE NEXT WEB

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Written and curated by David Stegon. He has been a reporter for 15 years, the past 10 focused on technology. Follow him @davidstegon.

Editing team: Kim Lyons (managing editor at Inside, a Pittsburgh-based journalist with recent bylines in the NYTimes and Columbia Journalism Review.) and Susmita Baral (senior editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).

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