Tag: breaking

Bill Weld Announces 2020 Exploratory Committee

Ryan Lau | @agorisms

Friday morning, Bill Weld officially announced the formation of a presidential exploratory committee. The former governor of Massachusetts is looking to challenge President Trump in the primary. In late January, he declared that he would be considering a run. Not long before, he switched his party affiliation from Libertarian to Republican.

Continue reading “Bill Weld Announces 2020 Exploratory Committee”

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Nikolas Cruz Pointed Gun at Family, Report Says

By Jason Patterson | United States

19-year-old Nikolas Cruz, suspected to be responsible for killing 17 students at Parkland Highschool, has also reportedly had other family incidents. These include pointing a gun at his brother and his mother.

The suspect’s younger brother, Zachary Cruz, spoke to the Miami Herald in an interview about his sibling.

Zachary, 18, told the outlet his brother once pointed a loaded gun at him. The incident came after a spat when their mother came home from food shopping. Zachary said he’d knocked a jar of Nutella from his brother’s hands after he saw Nikolas stick his fingers in it.

He claimed that his brother then ran up to his room and retrieved his gun, loaded it when he came down and then held it up to his older brother as their mother watched, according to the report.

“If you’re gonna shoot me, shoot me!” Zachary said he yelled at his brother.

” Thankfully ” The moment de-escalated quickly, with Nikolas putting the gun away and returning to watch TV, he told the Herald. But Zachary said the moment stuck with him and he “never messed with him again.”

He also recalled a time that he did the same to his mother, Nik got his AR-15 and put it to my mom’s head,” Zachary said. “He was yelling at her because she wouldn’t take him to a cabin”. It wasn’t clear if the weapon was loaded. The brother said their mother ran to her car and drove away.

“He was in the middle of the driveway, in the middle of the street with his AR-15,” Zachary told the Herald. “I had 911 ready to go on my phone. I guess he just came up and he put his gun away and I hung up.”

He also told the reporter that his brother suffered a depressive disorder and often self-harmed.


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Kodak Raising Crypto Funds for Image Copyright Blockchain

Eli Ridder | @EliRidder

Kodak, famed for its photography products, is working with Wenn Digital in raising money for its blockchain image copyright system in a token offering for a partner cryptocurrency. 

On May 21, the Wenn-created KODAKCoin will be offered to the public with the aim of raising $50 million USD and to fund the KODAKOne blockchain that seeks to protect the copyright of image media registered on the platform.

Shares in Kodak bounced upwards to $13.25 in January when the Wenn deal was announced, before dropping to below half that when news of the blockchain’s rollout delay was announced due to regulatory issues.

“We really took a step back and decided that we would ensure that all Ts were crossed and Is dotted before we embark on a public sale,” Cam Chell, chairman and co-founder of KODAKOne, told Reuters news agency in an interview.

“I think $50 million is our sweet spot,” Mr. Chell said.

Blockchain is the digital system behind the likes of Bitcoin, and is a shared database of information that maintained and kept in check by a network of computers connected to the internet.

A similar strategy was utilized by Filecoin in the late summer and early Autumn of last year, and some $200 million was raised by the network that facilitates the storage, retrieval and transmission of data, reported Reuters.


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Crypto Investors Expect Trades to Continue after India Ban

By Eli Ridder | @EliRidder

After India’s government decided in early April to block official financial institutions from carrying out formal cryptocurrency transactions, trade activity has increased with strength. 

Reports citing exchange operators, investors and observers say that Indians are quickly taking advantage of the three-month window given by the Reserve Bank for institutions to cut off cryptocurrency traders and exchanges.

Those that invest now are able to convert digital funds into the formal rupees currency and rupees into crypto, which can later be switched for other coins via the private trading platforms well established locally and internationally.

Prices of the unstable Bitcoin in India are back up to 618,000 rupees or $9,570 USD, recovering from a low of 350,001 rupees after the central bank’s announcement in early April.

Several investors, according to Reuters news agency, are holding out that New Delhi will curl back on their crypto legislation and instead regulate the cryptocurrencies over the complete ban.

Legislatures fear digital money could be used to finance illegal activities, with the finance minister saying that they should be banned from being used as a payment system.

A conglomerate including members from the central bank, the finance ministry and market regulator Securities and Exchange Board of India is expected to soon formulate a recommendation on what to do next, local reports say.

This comes a week after Iran made a similar move, but for different reasons, with Tehran citing concerns of money-laundering amid an economic crisis proceeding a potential return of sanctions due to the United States pulling from the nuclear deal.

An Iranian official announced on Saturday that the country has developed a local digital currency.

“The central bank’s [ban] does not mean the prohibition or restriction of the use of the digital currency in domestic development,” government minister Mohammad Javad Azari-Jahromi was quoted as saying by state news agency IRNA.

“Last week, at a joint meeting to review the progress of the [local cryptocurrency] project, it was announced that the experimental model was ready.”

India, considered the world’s largest democracy, has been challenged in court by crypto traders, who say that the ban is unconstitutional, and pushing digital money out of the official banks is counterproductive as it will be easier for fraud to occur.

Lawyers are advising crypto clients to hold onto their investments and take a “wait and see” approach to the current situation, with some trading moving to peer-to-peer networks or social media services such as the popular Telegram app.

“Unlike fiat currency, prices of virtual currencies are based on people’s beliefs and aspirations,” BuyUcoin’s Thakral told Reuters.

“The long-term vision for us and the people who are investing now is that cryptocurrencies are here to stay.”


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France Is Severely Cutting Taxes On Bitcoin

By Nick Hamilton | United States

Earlier this year, France and Germany came to a consensus that they needed to tax and regulate Bitcoin.

However, on April 26th, France turned over a new leaf. The nation cut taxes by more than half on the crypto-currency, from 45% to 19%, excluding other social taxes.

With this social contribution tax, France will tax Bitcoin at 34.5%, which is still almost a 25% tax cut.

This comes due to a change in the classification of cryptocurrency. France is now classifying Bitcoin as a capital gain, meaning that it get’s the flat tax of 19%, per French law.

At the G20 Summit in Buenos Aires last March, Germany and France both advocated heavily for regulation of the currency. The French Financial Minister, Bruno Le Maire, sent out a series of tweets on March 19th about regulating Bitcoin with other EU countries, which you can read here. However, clearly, Mr Le Maire has had a change of heart, and it definitely picked up a huge win in France yesterday.

Since the ruling yesterday, Bitcoin saw a jump to over $9k, and is maintaining that early this morning pretty nicely. The currency has been on an upwards trend lately. Thus, this tax cut could very well motivate more French to buy it, as France is one of the more economically stable states of the EU, with many citizens looking to invest in crypto-currency.

However, this is not the only means of relaxed taxation we’ve seen from the EU. Germany announced on March 1st, 2018 that they support crypto-currencies as a form of payment. This also means that the government will not tax miners that receive block rewards, due to their services being voluntary. So, even though both France and Germany have called for heavy regulation, they’ve been very lenient on taxation.

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