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An anonymous reader writes with a link to a story at Forbes about what's said to the first Bitcoin hedge fund; the article goes into some of the details of how the (literally) valuable data is kept. A selection: "The private key itself is AES-256 encrypted. After exporting Bitcoin private keys from wallet.dat file, data is stored in a TrueCrypt container on three separate flash drives. Using Shamir's Secret Sharing algorithm, the container password is then split into three parts utilizing a 2-of-3 secret sharing model. Incorporating physical security with electronic security, each flash drive from various manufacturers is duplicated several times and, together with a CD-ROM, those items are vaulted in a bank safety deposit box in three different legal jurisdictions. To leverage geographic distribution as well, each bank stores only part of a key, so if a single deposit box is compromised, no funds are lost."

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In the North of Sweden, in Lappland, there is a university spinoff company named BehavioSec that decides you are you (or that a person using your computer is not you) by the way you type. Not the speed, but rhythm and style quirks, are what they detect and use for authentication. BehavioSec CEO/CTO Neil Costigan obviously knows far more about this than we do, which is why Tim Lord met with him at the 2013 RSA Conference and had him tell us exactly how BehavioSec's system works. As usual, we've provided both a video and a transcript (There's a small "Show/Hide Transcript" link immediately below the video) so you can either watch or read, whichever you prefer.

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Launderingmoney_thumb

Crowdfunding sites like Kickstarter are a great way for people with great ideas to get money while circumventing the traditional hurdles of appealing to venture capitalists. Turns out they are also a great way for people with stolen money to get around the law.

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On May 28, 1993, a remote and dusty thicket of the Australian outback shook for hundreds of miles around. Deep reverberating explosions could be heard far and wide, the night sky illuminated by sporadic flashes of unexplained light—all this allegedly witnessed by heavy goods drivers, gold prospectors and nomads traipsing the bush. Three truckers even spoke to an Australian geologist about the lights, claiming that they’d seen a “moon-sized fireball” which flew “from south to north with the speed of a jet plane.” They said “it was yellow-orange in colour and had a small blue-white tail, which lit up the sky as it headed immediately west for Banjawarn station.”

The strange event registered just shy of 4.0 on the Richter scale. Its blast could be heard over a radius of 90 square miles. The Australian government later dismissed the mysterious temblor as “probably being natural in origin”. IRIS, the U.S. federal seismology agency, said that the Earth-shaking detonation was “170 times larger than the largest mining explosion ever recorded in that Australian region” and was proven to have the force of a nuclear bomb.

Some scientists speculated that it could’ve been a meteorite. But authorities found no signs of a crater as they searched for one via helicopter. Despite the fact that the epicentre of the ominous blast pointed in all directions to a remote research facility manned by Aum Shinrikyo, the notorious Japanese death-cult noted for its attempts at mining uranium and its grim obsession with alternative weapons technology, the whole event was eventually shrugged off and forgotten about.

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A life of panhandling on the streets of Denver is brutal, boring and soul-crushing. Many of those who do it are long-time substance abusers, caught in a vicious cycle: You wouldn’t stand out there 12 hours a day unless you desperately needed heroin, and then only another dose of heroin would get you through another [...]

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