US Launches Criminal Probe Into Bitcoin Price Manipulation

The Justice Department has opened a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies, dramatically ratcheting up U.S. scrutiny of red-hot markets that critics say are rife with misconduct, Bloomberg reported Thursday, citing people familiar with the matter. From the report: The investigation is focused on illegal practices that can influence prices -- such as spoofing, or flooding the market with fake orders to trick other traders into buying or selling, said the people, who asked not to be identified because the review is private. Federal prosecutors are working with the Commodity Futures Trading Commission, a financial regulator that oversees derivatives tied to Bitcoin, the people said. Authorities worry that virtual currencies are susceptible to fraud for multiple reasons: skepticism that all exchanges are actively pursuing cheaters, wild price swings that could make it easy to push valuations around and a lack of regulations like the ones that govern stocks and other assets.

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Trump Cancels Singapore Summit With North Korean Leader Kim Jong Un

President Donald Trump has cancelled his much anticipated meeting with North Korean leader Kim Jong Un that was scheduled to take place in Singapore on June 12, he announced moments ago. In a letter to Kim, the president said; "I was very much looking forward to being there with you. Sadly, based on the tremendous anger an open hostility displayed in your most recent statement, I feel it is inappropriate, at this time to have this long-planned meeting. Therefore, please let this letter to serve to represent that the Singapore summit, for the good of both parties, but to the detriment of the world, will not take place." He added, "You talk about your nuclear capabilities, but ours are so massive and powerful that I pray to God they will never have to be used."

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Singapore ISPs Block 53 Pirate Sites Following MPAA Legal Action

53 piracy websites, including The Pirate Bay and KickassTorrents, have been blocked in Singapore following the most sweeping action taken by copyright holders in the country in more than a decade. From a report: A new wave of blocks announced this week are the country's most significant so far, with dozens of 'pirate' sites targeted following a successful application by the MPAA earlier this year. [...] "In Singapore, these sites are responsible for a major portion of copyright infringement of films and television shows," an MPAA spokesman told The Straits Times. "This action by rights ïowners is necessary to protectï the creative industry, enabling creators to create and keep their jobs, protect their works, and ensure the continued provision of high-quality content to audienceïsï."

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Facebook Asks British Users To Submit Their Nudes as Protection Against Revenge Porn

Mark Wilson writes: Following on from a trial in Australia, Facebook is rolling out anti-revenge porn measures to the UK. In order that it can protect British users from failing victim to revenge porn, the social network is asking them to send in naked photos of themselves. The basic premise of the idea is: send us nudes, and we'll stop others from seeing them .

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Personal Records of Nearly 1 Million South Africans Leaked Online

Tefo Mohapi, reporting for iAfrikan: Barely a year after South Africa's largest data leak was revealed in 2017, the country has suffered yet another data leak as 934,000 personal records of South Africans have been leaked publicly online. The data includes, among others, national identity numbers (ID numbers), e-mail addresses, full names, as well as plain text passwords to what appears to be a traffic fines related online system. Working together with Troy Hunt, an Australian Security consultant and founder of haveibeenpwned, along with an anonymous source that has been communicating with iAfrikan and Hunt, we've managed to establish that the data was backed up or posted publicly by one of the companies responsible for traffic fines online payments in South Africa. "I have a new leak which might be worthwhile, the database leak contains 1 million records of personal information of South African citizens. Including Identity numbers, cell phone numbers, email addresses, and passwords. I am aware of the website this was leaked from," said our source upon initial contact.

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US Government Can’t Get Controversial Kaspersky Lab Software Off Its Networks

The law says American agencies must eliminate the use of Kaspersky Lab software by October. But U.S. officials say that's impossible as the security suite is embedded too deep in our infrastructure, The Daily Beast reported Wednesday. From a report: Multiple divisions of the U.S. government are confronting the reality that code written by the Moscow-based security company is embedded deep within American infrastructure, in routers, firewalls, and other hardware -- and nobody is certain how to get rid of it. "It's messy, and it's going to take way longer than a year," said one U.S. official. "Congress didn't give anyone money to replace these devices, and the budget had no wiggle-room to begin with." At issue is a provision of the National Defense Authorization Act (NDAA) enacted last December that requires the government to fully purge itself of "any hardware, software, or services developed or provided, in whole or in part," by Kaspersky Lab. The law was a dramatic expansion of an earlier DHS directive that only outlawed "Kaspersky-branded" products. Both measures came after months of saber rattling by the U.S., which has grown increasingly anxious about Kaspersky's presence in federal networks in the wake of Russia's 2016 election interference campaign.

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NYC Transit Boss Unveils Sweeping 10-Year Subway Modernization Plan

The Metropolitan Transportation Authority (MTA) on Wednesday unveiled a sweeping plan to modernize the city's subway system over the next 10 years. From a report: The proposal, which new New York City Transit President Andy Byford called "Fast Forward," centers on overhauling the mass transit network's signaling system -- some of which dates back to the early 20th century -- 30 years sooner than current Subway Action Plan. But it won't come without a good bit of pain: sources told News 4 that Byford's plan would require entire lines to be taken out of service during overnight and weekend hours for extended periods. Byford -- who took over the task of running the city's subways and buses earlier this year -- said in an MTA meeting Wednesday that the work would be split into two five-year chunks. Over the first five years parts or all of the 4,5, 6, E, F, M, R, A, C, E and G lines would receive modern signaling systems. That would include the entirety of the Lexington Avenue line, which carries the 4, 5 and 6 trains and is the most-used mass transit line in the United States.

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President Trump Can’t Block People On Twitter, Court Rules

Reader drunken_boxer777 writes: US District Judge Buchwald issued a 75-page ruling today clearly articulating why Donald Trump cannot block Twitter users, as it violates their First Amendment rights. "Turning to the merits of plaintiffs' First Amendment claim, we hold that the speech in which they seek to engage is protected by the First Amendment and that the President and Scavino exert governmental control over certain aspects of the @realDonaldTrump account, including the interactive space of the tweets sent from the account. That interactive space is susceptible to analysis under the Supreme Court's forum doctrines, and is properly characterized as a designated public forum. The viewpoint-based exclusion of the individual plaintiffs from that designated public forum is proscribed by the First Amendment and cannot be justified by the President's personal First Amendment interests." Further reading: Bloomberg.

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Next PlayStation Is Three Years Off, Sony Says

Don't hold your breath for the fifth-generation PlayStation. From a report: Sony wants to spend three more years readying its next videogame move [Editor's note: the link may be paywalled; alternative source], the head of the PlayStation business said Wednesday. That would mark a slight slowdown in the six-to-seven-year update cycle for the console since the first one in 1994. The PlayStation 4 went on sale in 2013 and has sold more than 79 million units. [...] Speaking to a small group of reporters, Tsuyoshi "John" Kodera, who took over last October. said the network-services side of PlayStation is changing the way Sony thinks about product introductions. "We need to depart from the traditional way of looking at the console life cycle," he said. "We're no longer in a time when you can think just about the console or just about the network like they're two different things."

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UK Military Fears Robots Learning War From Video Games

Robots that train themselves in battle tactics by playing video games could be used to mount cyber-attacks, the UK military fears. From a report: The warning is in a Ministry of Defence report on artificial intelligence. Researchers in Silicon Valley are using strategy games, such as Starcraft II, to teach systems how to solve complex problems on their own. But artificial intelligence (AI) programs can then "be readily adapted" to wage cyber-warfare, the MoD says. Officials are particularly concerned about the ability of rogue states and terrorists to mount advanced persistent threat attacks, which can disable critical infrastructure and steal sensitive information.

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