Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[psycodad]

FUD ?

https://www.newsbtc.com/2020/01/31/bitcoin-investors-be-aware-kraken-finds-way-to-hack-into-trezor-hardware-wallets/

Nope, fucking scary actually.
But it seems not Trezors fault, the STM32 micro misbehaves when it is voltage "glitched".
Basically the device is useless as hardware wallet without replacement, except when the seed is protected by a BIP39 passphrase (which is what Kraken recommends as fix/cure).

^ Krakens blog article is really very detailed and well written. You need only a minimal electronic understanding to reproduce the attack. (<- Meaning the crims will be up to speed quickly).

[JayJuanGee]

Let’s see now, off the top of my head:

A history of bad behavior, including admitting that their service providers were selling that data?

So they replaced them.

Hiring a team that worked for oppressive Middle East regimes to silence dissent?

And is said team still silencing dissent in the Middle East?

Holding Bcash lol hostage for three months to pump the price?

'Hostage'. You funny. Under the circumstances, waiting for demonstrated value before acking seems reasonable.

A history of insider trading?  

_What_ history of insider trading?

1.  They allowed them to do it in the first place.

2.  Probably.  I have no idea.

3.  Does demonstrated value require active trading on other major exchanges for 2.5 months?  Very cute.  We all know why CB stalled releasing the fork coins for 3 months.

4.  I guess you don’t remember Roger Ver defending their insider trading on the basis you should want more, not less insider trading.  Or maybe it was before your time.

The bcash shenanigans should have been obvious to almost anyone who was paying attention.  They first said that they were not going to distribute it, then they said it would be into the new year and then they did distributed in a spontaneous way that happened to coincide with a Roger Ver interview on CNBC or some other outlet.. and then they got their bcash trading stuck at a $9,000+ convenience price.

Their (brian et al) getting involved with the segwit2x signing and then getting involved in shitcoins and indexes of shitcoins and confusing descriptions on their website regarding the significance of king daddy  are also no less egregious behaviors. 

Even if you might feel that they are getting some pressures from three lettered federal agencies regarding various kinds of compliances... gotta wonder about the integrity of coinbase, no?  One good thing  seems to be that they have not suffered any major attacks, yet.. but gosh they seem to be accumulating a lot of bitcoin.. so how are they going to weigh in with those, at some opportune time?  Good guys?  Jbreher seems more than willing to defend them, but jbreher does not seem to have the greatest of track records in these parts in terms of his understanding the importance of king daddy.... but rather wants to attack king daddy in various ways...

Respect your elders (referring to king daddy), jbreher...!!!!!!!!!!   

[vroom]

FUD ?

https://www.newsbtc.com/2020/01/31/bitcoin-investors-be-aware-kraken-finds-way-to-hack-into-trezor-hardware-wallets/

Nope, fucking scary actually.
But it seems not Trezors fault, the STM32 micro misbehaves when it is voltage "glitched".
Basically the device is useless as hardware wallet without replacement, except when the seed is protected by a BIP39 passphrase (which is what Kraken recommends as fix/cure).

^ Krakens blog article is really very detailed and well written. You need only a minimal electronic understanding to reproduce the attack. (<- Meaning the crims will be up to speed quickly).

wow, just wow. Hardware wallets only have one purpose, protect the private key. Is it really that hard to design a secure hardware? I wonder when they find a bug in ledger wallets which can not be fixed with a software update.

[Paashaas]

FUD ?

https://www.newsbtc.com/2020/01/31/bitcoin-investors-be-aware-kraken-finds-way-to-hack-into-trezor-hardware-wallets/

Nope, fucking scary actually.
But it seems not Trezors fault, the STM32 micro misbehaves when it is voltage "glitched".
Basically the device is useless as hardware wallet without replacement, except when the seed is protected by a BIP39 passphrase (which is what Kraken recommends as fix/cure).

^ Krakens blog article is really very detailed and well written. You need only a minimal electronic understanding to reproduce the attack. (<- Meaning the crims will be up to speed quickly).

Not a new exploit just old rehased FUD, use a passphrase (like we all do) and have to be able to defend from physical attacks.

[VB1001]

Big size https://i.imgur.com/2EaHKmt.jpg

Updated new Hat:

- dragonvslinux

Page views www.wohats.com

31 Jan. / 3836

[jojo69]

Is it really that hard to design a secure hardware?

Yes 

The only secure hardware solutions involve proprietary, non open source, chips which, of course, have their own set of drawbacks.

Just wait until we start experiencing supply chain attacks.

[JimboToronto]

FUD ?

https://www.newsbtc.com/2020/01/31/bitcoin-investors-be-aware-kraken-finds-way-to-hack-into-trezor-hardware-wallets/

Nope, fucking scary actually.
But it seems not Trezors fault, the STM32 micro misbehaves when it is voltage "glitched".
Basically the device is useless as hardware wallet without replacement, except when the seed is protected by a BIP39 passphrase (which is what Kraken recommends as fix/cure).

^ Krakens blog article is really very detailed and well written. You need only a minimal electronic understanding to reproduce the attack. (<- Meaning the crims will be up to speed quickly).

wow, just wow. Hardware wallets only have one purpose, protect the private key. Is it really that hard to design a secure hardware? I wonder when they find a bug in ledger wallets which can not be fixed with a software update.

I hate to say, "I told you so" but I could never understand why people would spend money on hardware wallets with their risk of vulnerability when new addresses can be created easily, securely, and for free. Laziness I guess.

Is protecting private keys all that more difficult than protecting pass/seed phrases?

[JayJuanGee]

"safe word" == "pain in the ass" ??  

You switching too?

Fuck!!!!   Not going to know anyone anymore around these here parts by their titles of the good ole days..... #nohomo

Remember about 6 months ago, people were accusing you of having had sold your account because of your seeming personality change??  hahahahaha..... like you had experienced some kind of traumatic episode in ur life to alter ur online persona....


but keep posting the sparsely clothed chicpics and we will surely appreciate that u is the real u ....    (you pervert...!!!!! that one is for greta)   

[gentlemand]

Laziness I guess.

Convenience.

By far the bigger risk is online theft. Being able to transact on demand knowing you can't be got at is a fine feature.

[DaRude]

Is it really that hard to design a secure hardware?

Yes  

The only secure hardware solutions involve proprietary, non open source, chips which, of course, have their own set of drawbacks.

Just wait until we start experiencing supply chain attacks.

No need to recreate the wheel, but it won't be cheap until big boys get involved and start offering it on smartphones

https://en.wikipedia.org/wiki/Hardware_security_module
https://en.wikipedia.org/wiki/Common_Criteria
https://en.wikipedia.org/wiki/FIPS_140

[JayJuanGee]

Laziness I guess.

Convenience.

By far the bigger risk is online theft. Being able to transact on demand knowing you can't be got at is a fine feature.

Apparently, a lot of people lose coins from mere carelessness and even over complicating matters.. and therefore lose access to their private keys because they have not adequately backed up or even adequately figured out a way to remember their password/private keys... So, surely convenience is going to remain a very important factor to managing and remembering how to access private keys... and maybe even a good idea to make sure to access all coins once or twice a year, just to be sure that you remember how to do it and to think about where and how your backups are stored (in the event that the system that you are using has back-ups).

Not trying to distract from some of the online theft or the various risks regarding third parties or even intermediary services that allow for online storage and access... one of the upsides of theft, rather than loss would be that the coins are still in circulation (I suppose that could be framed as a downside, too, because a complete loss does increase the scarcity which increases the value of the coins of everyone else).

[VB1001]

Kraken Identifies Critical Flaw in Trezor Hardware Wallets

https://blog.kraken.com/post/3662/kraken-identifies-critical-flaw-in-trezor-hardware-wallets/

Video: https://www.youtube.com/watch?time_continue=2&v=6pKuHYwrGkU&feature=emb_logo

Trezor: Our Response to the Read Protection Downgrade Attack

https://blog.trezor.io/our-response-to-the-read-protection-downgrade-attack-28d23f8949c6

[jojo69]

gnar  


so many times, it could have been me



https://www.youtube.com/watch?v=C7VNUc-ggZc

o7

https://www.youtube.com/watch?v=ouZSLckCvgQ

[fillippone]

*NYC HAS FIRST CORONAVIRUS CASE IN QUEENS: NY DAILY NEWS

(you read it here first)

[lightfoot]

FUD ?

https://www.newsbtc.com/2020/01/31/bitcoin-investors-be-aware-kraken-finds-way-to-hack-into-trezor-hardware-wallets/

Nope, fucking scary actually.
But it seems not Trezors fault, the STM32 micro misbehaves when it is voltage "glitched".
Basically the device is useless as hardware wallet without replacement, except when the seed is protected by a BIP39 passphrase (which is what Kraken recommends as fix/cure).

^ Krakens blog article is really very detailed and well written. You need only a minimal electronic understanding to reproduce the attack. (<- Meaning the crims will be up to speed quickly).

On the positive side, it means that people who have forgotten their trezor pin can now get access to their bitcoins.

[Lambie Slayer]

There has been a fierce battle between Coronavirus and Porn for supremacy in google searches over the last 7 days. Coronavirus is winning right now but appears to have peaked and about to cede to King Porn.

The fate of humanity is at stake.

https://trends.google.com/trends/explore?date=now%207-d&q=coronavirus,porn

[fillippone]

There has been a fierce battle between Coronavirus and Porn for the title of the internets most googled word over the last 7 days. Coronavirus is winning right now but appears to have peaked and about to cede to King Porn.

The fate of humanity is at stake.

https://trends.google.com/trends/explore?date=now%207-d&q=coronavirus,porn

Who the hell google "porn" in 2020?

[Lambie Slayer]

There has been a fierce battle between Coronavirus and Porn for the title of the internets most googled word over the last 7 days. Coronavirus is winning right now but appears to have peaked and about to cede to King Porn.

The fate of humanity is at stake.

https://trends.google.com/trends/explore?date=now%207-d&q=coronavirus,porn

Who the hell google "porn" in 2020?

Apparently most of the internet. I had read porn was the most googled word, but it seems thats wrong and some words like News and Facebook are a bit higher.

[Lambie Slayer]

Sorry gents, false alarm. Humanity is SAFU, people across the world still prefer googling Facebook over Coronavirus. Spending hours a day looking at pics of each others food is still the top priority. Carry on.

https://trends.google.com/trends/explore?date=today%201-m&q=facebook,coronavirus

[VB1001]

Deribit to Launch Daily BTC Options as Regulated Competition Heats Up

Deribit announced this week it would begin offering daily bitcoin index options Feb. 3. Scheduled every day at 08:00 UTC, users will be able to begin trading options at a strike price of $125. Contracts expire two days after being listed.

The exchange will try to offer contracts that move within a 5 percent range around at-the-money (ATM) levels, Deribit's post said. The news gives traders a much wider range of expiry dates, and the platform will now have contracts that expire every day.

"These short-dated expiries are specifically interesting for investors and traders with a short-term view based on for example macroeconomic data or events," the post reads. Deribit's chief communication officer, Luuk Strijers, told CoinDesk the exchange had introduced daily options in response to "market demand."

https://www.coindesk.com/deribit-to-launch-daily-btc-options-as-regulated-competition-heats-up