Tag Archives: Technology

Tesla is losing over $4,000 on each car it sells

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“Tesla is losing over $4,000 on every sale it makes of its Model S car, according to a report on its most recent financials by Reuters. That brings the loss between April and June of this year to a whopping $359 million.  In response to this, the car manufacturer has been forced to cut its production budget for 2015-2016. However, the company’s founder Elon Musk has promised investors that by the first quarter of next year, his company will have made enough money to move into the mass production of its affordable Model E, which is expected to cost approximately $35,000.  It’s an ambitious deadline and it will certainly be interesting to see if Musk can stick to it.”

http://thenextweb.com/insider/2015/08/10/whats-that-musk/

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Could Shapeshifting ‘Material Support’ Doctrine Take A Bite Out Of Apple?

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“Recently, Congress, the administration, and pundits have not been shy about threatening to use material support against social media companies like Twitter. Wittes and Bedell reason, it’s not a great leap to see how a judge would find Apple equally guilty.  Apple would violate the law, the two write, if it continued to provide its encrypted services to a customer after the FBI has served a warrant for the customers’ communications.  Wittes and Bedell argue that ‘the sale of an encrypted phone by a major company to the general public cannot plausibly constitute material support for terrorism.’  We’re not so sure.”

http://www.defendingdissent.org/now/news/shapeshifting-material-support-apple/

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You May Soon Get Bitcoin-Bought Cannabis Delivered by Drone

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“A company near San Francisco has come up with a novel way to deliver bitcoin-purchased marijuana, via drone.  Trees, which claims to sell the ‘highest quality’ medicinal cannabis to people holding a medical recommendation, accepts payments in bitcoin alongside traditional payment methods such as cash, online bank transfer and credit cards.  A spokesperson for the company confirmed that drone deliveries were not currently available, due to local regulations. The drone delivery option, the spokesperson said, would be rolled-out in the future if and when the regulation around the flying devices settled.”

http://www.coindesk.com/drone-delivers-bitcoin-purchased-cannabis-in-california/

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Inside Barcelona’s Bitcoin Drug Lab

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“At the headquarters of Energy Control in Barcelona, Northern Spain, a nondescript envelope arrives. Hidden inside, between layers of cardboard and tape, are two fluorescent pink pills purchased from one of many eBay-style marketplaces on the dark web.  For €50-worth of bitcoin, the non-profit provides anyone in the world with a breakdown of the substances contained in their drugs – and the quantity – no questions asked.  Energy Control has been carrying out drug checking in raves and at its labs since 1998. Its dark web service, introduced in April 2014, operates under the same premise: to reduce harm among users by arming them with facts.”

http://www.coindesk.com/inside-barcelonas-bitcoin-drug-lab/

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Mt Gox CEO Mark Karpeles Arrested in Japan

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“Police arrested Mt Gox CEO Mark Karpeles today in Japan on allegations that he manipulated volume on the then-market leading bitcoin exchange platform prior to its 2014 collapse.  The formal action from the Tokyo Metropolitan Police follows escalating reports this week that Karpeles was facing criminal charges for fraud and embezzlement, and comes more than a year after Mt Gox first filed for bankruptcy protection in the US and Japan.  The news source stated that Karpeles has not yet been charged with any crimes, meaning he could be detained for up to 23 days before a formal charge without the possibility of bail.”

http://www.coindesk.com/mt-gox-ceo-mark-karpeles-arrested-in-japan/

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Firefox PDF exploit found in the wild

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“An advertisement on a news site in Russia was serving a Firefox exploit that searched for sensitive files and uploaded them to a server that appears to be in Ukraine. This morning Mozilla released security updates that fix the vulnerability. All Firefox users are urged to update to Firefox 39.0.3. The fix has also been shipped in Firefox ESR 38.1.1.  The vulnerability comes from the interaction of the mechanism that enforces JavaScript context separation (the ‘same origin policy’) and Firefox’s PDF Viewer. Mozilla products that don’t contain the PDF Viewer, such as Firefox for Android, are not vulnerable.  The exploit leaves no trace it has been run on the local machine.”

https://blog.mozilla.org/security/2015/08/06/firefox-exploit-found-in-the-wild/

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Over 4.5m records exposed as UCLA Health and CVS Health’s photo service hacked

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“University of California (UCLA) Health, which runs four hospitals, and drug retailer CVS Health’s photo service had millions of individuals’ private records exposed in a recent cyberattack, reports Reuters.  UCLA Health said that hackers breached its network on May 5, and had accessed systems that contained personal information on about 4.5 million patients and healthcare providers. On-going investigations have shown that attackers may have gained access as early as September 2014.  CVSPhoto, which offers photo printing services, noted that customer credit card information collected by an independent vendor that manages its site, may have been compromised.”

http://thenextweb.com/insider/2015/07/18/over-4-5m-records-exposed-as-ucla-health-and-cvs-healths-photo-service-hacked/

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Tesla’s first big vulnerability requires physical access to the car

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“The good news for Tesla drivers is that the attack requires physical access — Rogers and Mahaffey had to physically plug into the car’s onboard ethernet port — so it’s unlikely to be exploited at scale. Even when the remote shut down is successfully executed, the result isn’t as dangerous as it might be. When the Model S shuts down at low speeds, the parking brake is automatically engaged; at higher speeds, the car shifts into neutral, allowing the driver to steer it off the road without an abrupt stop.  Tesla has been working quickly to patch the vulnerabilities and has said it’s pushing out a full over-the-air patch to the bug later today, leaving almost no time for the bug to be exploited.”

http://www.theverge.com/2015/8/6/9108059/teslas-vulnerability-model-s-hacked

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Drone drops drugs into Ohio prison yard, inmate brawl ensues

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“It’s not quite the drone-delivery business model that Amazon is planning to offer.  But a drone carrying heroin, marijuana, and tobacco dropped its payload over a prison yard crowded with inmates, causing a brief melee before authorities stamped out the brawl with pepper spray, according to ODRC.  Local media reported Tuesday that the July 29 melee at the Mansfield Correctional Institution began moments after a drone let loose with the goods. At least nine inmates began fighting over the package while other inmates rushed toward the brawl.  None of the inmates are believed to have gotten away with the 65.4 grams of marijuana, 6.6 grams of heroin and 144.5 grams of tobacco.”

http://arstechnica.com/tech-policy/2015/08/drone-drops-drugs-into-ohio-prison-yard-inmate-brawl-ensues/

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ShapeShift Raises $525k, Reveals Erik Voorhees as Creator

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“The Swiss-based platform, which lets users swap between 25 digital currencies and tokens, differs from traditional exchanges in that it operates without user accounts and requires no form of registration.  As part of the funding announcement, entrepreneur Erik Voorhees has come forward as ShapeShift’s creator and CEO, having operated under the alias Beorn Gonthier – a reference to J R R Tolkein’s own shapeshifter – since its launch in 2013.  According to Voorhees, the $525,000 will go towards improvements to the exchange engine, as well as marketing and legal work in Switzerland, the company’s base. The ShapeShift team now includes eight full-time staffers, including four developers.”

http://www.coindesk.com/shapeshift-raises-525k-reveals-erik-voorhees-as-creator/

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