Bitcoin Passes $1000 Mark

From USA Today:

Happy Thanksgiving Bitcoin.  The value of the so-called cryptocurrency surged above $1,000 as it becomes easier to use as a way to pay and easier to access for investors looking for an alternative to gold.

One Bitcoin was briefly worth $1.073 on Wednesday, up from less than $100 earlier this year, according to Mt. Gox, which hosts and operates a popular Bitcoin trading platform. Later in the day it dropped back to $930.

"Bitcoin is just starting to break out into the mainstream," said Eric Tilenius, executive-in-residence at Scale Venture Partners, who has a small percentage of his investment portfolio in the digital currency.

Bitcoin Black Friday Shopping

From CNN:

The Bitcoin community is gearing up for a holiday shopping spree by hosting its own Black Friday event.

Hundreds of merchants will be joining "Bitcoin Friday" on Nov. 29, selling everything from Christmas trees to clothes, to web domains.

Bitcoin Friday deals include unlocked phones from GSM Nation and discounted plane tickets from Cheapair.com. OKCupid, which has been accepting bitcoins since April, will be participating as well.

Media outlets are jumping into the Bitcoin deals bandwagon too: GOOD Magazine is giving away $5 discounts for subscriptions and the Free Press is slashing shipping costs. Reddit is also offering a deal on "Reddit Gold."

Beware the NSA Botnet

From Tech Dirt:

Over the weekend, the Dutch media operation NRC published yet anhad infected 50,000 computer networks with malware. The only really new thing here is the number. We already knew the NSA's TAO (Tailored Access Operations) group was infecting computers around the globe using packet injection, via a system it calls "quantum injection", and that it's used these to install malware on key computers inside Belgacom, the Belgian telco giant. However, the latest report basically shows that the NSA has been able to compromise computers and networks in the same manner all around the globe . . .
other Ed Snowden slide, showing how the NSA

Bitcoin Gets Galactic Boost

From The Verge:

Richard Branson believes in Bitcoin, and he's putting his money where his mouth is. The billionaire CEO has announced that his commercial space startup Virgin Galactic will now accept payment from future astronauts in the virtual currency.

"Virgin Galactic is a company looking into the future, so is Bitcoin," Branson writes in a blog post on the Virgin site. "So it makes sense we would offer Bitcoin as a way to pay for your journey to space."

Google Exec: "Encrypt Everything!"

From The Verge:

Since revelations of the NSA's widespread data collection and monitoring earlier this year, Google has staunchly denied working with the government agency and has taken it to task on a number of occasions. After calling the NSA surveillance "outrageous" earlier this month, Google executive chairman Eric Schmidt has come out against the agency again in an interview with Bloomberg News. "The solution to government surveillance is to encrypt everything," Schmidt said in a speed at the Johns Hopkins University School of Advanced International Studies. "We can end government censorship in a decade."

The Surveillance Industry Index

Privacy International has released a Surveillance Industry Index.  From PI:

Privacy International is pleased to announce the Surveillance Industry Index,
the most comprehensive publicly available database on the private surveillance sector.

Over the last four years, Privacy International has been gathering information from various sources that details how the sector sells its technologies, what the technologies are capable of and in some cases, which governments a technology has been sold to. Through our collection of materials and brochures at surveillance trade shows around the world, and by incorporating certain information provided by Wikileaks and Omega Research Foundation, this collection of documents represents the largest single index on the private surveillance sector ever assembled. All told, there are 1,203 documents detailing 97 surveillance technologies contained within the database. The Index features 338 companies that develop these technologies in 36 countries around the world.

This research was conducted as part of our Big Brother Incorporated project, an investigation into the international surveillance trade that focuses on the sale of technologies by Western companies to repressive regimes intent on using them as tools of political control.

What we found, and what we are publishing, is downright scary . . .

Police Pay Cryptolocker Ransom

From The Herald News:

A computer virus that encrypts files and then demands that victims pay a “ransom” to decrypt those items recently hit the Swansea Police Department.
The department paid $750 for two Bitcoins — an online currency — to decrypt several images and word documents in its computer system, Swansea Police Lt. Gregory Ryan said.

“It was an education for (those who) had to deal with it,” Ryan said, adding that the virus did not affect the software program that the police department uses for police reports and booking photos. . . .

CryptoLocker, a new Windows ransomware virus sweeping across the country, hit the Swansea Police Department on Nov. 6. The virus encrypted several files that could only be decrypted through the purchase of Bitcoins, an unregulated digital currency, to pay for the special “decryption key.” A countdown clock appeared on a computer screen showing how much time the department had to buy the key before all the files were deleted.