We take a look at all sides of the recent Bitcoin crash & the fallout for the Miners. The Silk Road trial gets underway, with a major problem Plus how CISPA 3.0 could create a cyber police state.

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David Cameron seeks cooperation of US president over encryption crackdown | UK news

David Cameron is to urge Barack Obama to pressure internet firms such as Twitter and Facebook to do more to cooperate with Britain’s intelligence agencies as they seek to track the online activities of Islamist extremists.

Bitcoin Volatility Puts Miners Under Pressure

“The virtual currency Bitcoin lost 21 per cent of its value yesterday, equating to a total loss this year of 44 per cent. Reports have suggested that this rapid fall is squeezing computer supporting systems and is raising alarm about its future viability. Bitcoin’s value fell to $179.37, 85 per cent lower than its record peak of $1,165 at the end of 2013. In total, nearly $11.3bn has been lost in Bitcoin’s value since its 2013 high. The decline has raised concern for Bitcoin ‘miners’ who support the transactions made in the digital currency, and whose profits become squeezed as its price falls against traditional currencies.”

• Bitcoin Price Continues to Fall, Breaks $200 Mark

CryptoWall ransomware is back with new version after two months of silence | PCWorld

CryptoWall is a sophisticated ransomware program that encrypts the victims’ files with a strong cryptographic algorithm. Users are asked to pay the equivalent of $500 in bitcoin virtual currency in order to receive the decryption key that allows them to recover their files.

• Crowti update – CryptoWall 3.0 – Microsoft Malware Protection Center – Site Home – TechNet Blogs

There’s a Problem In the Silk Road Trial: the Jury Doesn’t Get the Internet – Slashdot

“The trial began this week for Ross Ulbricht, the 30-year-old Texas man accused of being the mastermind behind the dark net drug market, Silk Road. But as the jury began hearing testimony in the case, it was clear the technological knowledge gap would impede the proceedings. Judge Katherine Forrest said right off the bat when the case began that “highly technical” issues must be made clear to the jury. “If I believe things are not understandable to the average juror, we will talk about what might be a reasonable way to proceed at that time,” she said. After the first day of proceedings, Forrest told the prosecution to be more clear with explanations of concepts central to the case, noting she was unhappy with its “mumbo-jumbo” explanation of the anonymizing service Tor. She also requested all readings of chat transcripts include emoticons.”

Errata Security: Obama’s War on Hackers

In next week’s State of the Union address, President Obama will propose new laws against hacking that could make either retweeting or clicking on the above link illegal. The new laws make it a felony to intentionally access unauthorized information even if it’s been posted to a public website. The new laws make it a felony to traffic in information like passwords, where “trafficking” includes posting a link.

The post Slippery Bitcoin Road | Tech Talk Today 117 first appeared on Jupiter Broadcasting.

Butterfly Labs has shipped the first batch of their ASIC miners. David Perry joins us to chat about his 5GH/s Bitcoin miner, his experiences mining over the past week, and what he believes is Bitcoin’s image problem.

Plus: Have we reached a turning point for Bitcoin Mt Gox DDoSing? Bitcoin’s moment on the Colbert Report, the downside to Litecoin, your emails, and much more!

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• 3D printing for Bitcoin and Litecoin

• Is there some way to transfer bitcoins without paying the 0.05 transfer fee?

• Can different clients have different transaction fees?

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— Discussion —

• bitfloor

I am sorry to announce that due to circumstances outside of our control BitFloor must cease all trading operations indefinitely. Unfortunately, our US bank account is scheduled to be closed and we can no longer provide the same level of USD deposits and withdrawals as we have in the past. As such, I have made the decision to halt operations and return all funds.

• The Bitcoin Bubble Explained, Colbert-Style (Video)

Leave it to Stephen Colbert to cut through the chatter about bitcoins with his own brand of high-octane, self-interested analysis. In a segment about bitcoin trading that aired last week on The Colbert Report, Colbert posed: “If you don’t know what Bitcoin is — want to buy some bitcoins?”

• BitCoin, Or BetaCoin? What The Venture Capitalists Are Thinking

The next chapter of the story, he believes, will be the entry of a host of \”Smart money\” venture capitalists looking to build the currency\’s infrastructure.

• Have We Reached A Turning Point For Bitcoin Exchange DDoS?

Unlike past DDoS attacks, something very interesting happened yesterday: nothing. Trades trickled through and prices barely moved, remaining in a tight band for hours. The implications of that could be tremendously positive.

• Butterfly Labs ship Jalapeños ASIC Bitcoin miners to customers

The day has arrived, the Butterfly Labs forum Latest Update reads \”Jalapeños are making their way to their new homes. https://ow.ly/i/1WUo4″.

While there is no mention yet of numbers that have been shipped or when the other Butterfly Labs devices like the BitForce Single or Little Single will be shipping this will be welcome news to bitcoin miners everywhere.

• Shipping Update – Blogs – Bitcoin Mining Forum – Butterfly Labs

Monday 4/22 shipped 4 Jalapenos. 1 Customer and 3 developer units.

Tuesday 4/23 3 more to ship today to customers.

As we get ramped up here I won\’t be telling you how many we ship each day–just what day the orders were made that we are shipping. Right now I just want you to know the magnitude of the number of units so you can see we are not blowing these products out the door in great numbers. That will come later.

David Perry Gets a BFL Jalapeno, shares his Unboxing and Demo

• BFL Jalapeno Unboxing and Demo

BFL was kind enough to send me a pre-release demo unit so I could show everyone the awesomeness.

• Bitcoin\’s Image Problem

No matter what your personal politics say about Mr. Bernanke up there, you\’ve got to admit he looks pretty professional. Now what does the average mental image of a Bitcoiner look like?

• Coding In My Sleep – Dave’s Site

— Litecoin —

• Who is working on the JB Litecoin Pool?

• Real-time BTC-e LTC/USD chart

• Litecoin As a Means of Transactions (pros/cons list)

• Enjoying LTC, but some questions

— Grab Bag —

• bitcoinstatus.org

• Blockchain infographic)

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The post Flight of the Butterfly | Plan B 3 first appeared on Jupiter Broadcasting.