Bitcoin Drops as Chinese Exchanges Stop Cryptocurrency Withdrawals – Finance Magnates

From as high as $1070 recently, the price of Bitcoin fell to as low as $910 today before settling around $985 as of now. This comes afterat least two of the leading Chinese exchanges, OKCoin and Huobi, notified clients of an immediate ban on Bitcoin and Litecoin withdrawals, with RMB withdrawals unaffected, while theyupgrade their AML systems according to the law which is estimated to take a month.

Want to learn more? Bobby Lee, the CEO of BTCC, will be giving the keynote speech about Bitcoin and China atthe iFX EXPO in Hong Kong, register now.

Earlier today,the Chinese central bank officially called on nine of the smaller cryptocurrency trading venues in the country to followKYC/AML rulesbut that failed to make a serious impact to the BTC/USD exchange rate.

Charles Hayter, the CEO of CryptoCompare.com, explained: When China sneezes Bitcoin catches a cold. The PBoC moves to regulate Bitcoin more stringently will bring short term woes but will ultimately strengthen the ecosystem.Volumes can be expected to again slow in China as more friction is incorporated in the form of KYC and AML policies. For the duration of this transition the CNY-BTC pairs can be expected to trade at a discount to other fiat-BTC pairs.

Hayter added: The Chinese authorities momentum has been considered and communicative but past scandals have seen governments make examples although the Chinese Bitcoin exchanges cant be said to be anything other than cowering at present. At the moment bitcoin is in limbo caught between Chinese regulatory moves on the one hand and scaling, the potential for ETF approval with the resultant flow of institutional money on the other. Then there is global uncertainty with bitcoin acting as a form of digital gold.

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Bitcoin Drops as Chinese Exchanges Stop Cryptocurrency Withdrawals - Finance Magnates

Singer Tatiana Moroz launches artist cryptocurrency – Bankless Times

Singer Tatiana Moroz announced the early beta launch of the first cryptocurrency for artists at The Blockchain Event in Ft. Lauderdale, FL.

TATIANACOIN will unite artists and fans through advanced blockchain technology. Fans will be able to steam music while supporting Ms. Moroz, chat with her and other fans, and access unique multimedia content, private concerts and merchandise.

Tatiana Moroz

In a release, Ms. Morozsaid artists struggle in a system that can earn them less than one penny per stream and intense competition for fan loyalty.

After experiencing firsthand the troubles artists face trying to make a name for themselves, I sought a revolutionary way for artists and fans to help each other through incentivized financial support and social connectivity.The only way to achieve this is through the power of the blockchain, a technology that presents countless opportunities for artists and musicians.

TATIANACOIN is the first instance of what we call an ArtistCoin: a digital currency that removes the middleman and smooths contracts, payments and communications. ArtistCoins will enable songwriters, record labels, and publishers to seamlessly register their work, view tamper-proof payment contracts, and distribute songs with all the splits built in.

This will streamline the licensing process and ensure all the parties are fairly compensated.

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Singer Tatiana Moroz launches artist cryptocurrency - Bankless Times

4 Reasons New Cryptocurrencies Keep Getting Worse The Merkle – The Merkle

There is no shortage in the world of cryptocurrencies, as new coins are seemingly being created every single day. This massive influx of new cryptocurrencies only floods the ecosystem, though, as the number of currencies having any intrinsic value is fairly limited. It is also much harder to come up with a valuable and creative idea, rather than copying code and hoping to raise a lot of money during an ICO.

Ever since alternative cryptocurrencies became a thing, there has been a growing number of new coins. Unfortunately, very few of these currencies offer something new. In fact, most of them copy existing code from a different currency and change a few of the variables. We even have a tutorial on how to create an altcoin in under an hour. A lot of developers create multiple coins along the way, hoping for some people to invest bitcoin into their worthless project. With over 7,000 altcoins in existence today, it is evident the market is oversaturated and running out of ideas.

An often heard sentiment among altcointraders is how there are particular times of the year when alternative cryptocurrencies seem to do well. The phrase alts are back is uttered quite often, even though this statement has no meaning whatsoever. While it is true one can make a good profit from a new altcoin once it hits its first exchange, the successes are short-lived every single time.

This is also one of the biggest dangers when investing in altcoins. Every time a new coin hits an exchange, there will be pump-and-dump cycles which will catch newcomer somewhere. Rest assured the vast majority of outcomes offers no value and only serve to make a select group of people richer every time a new coin is listed on an exchange.

One of the things a lot of people have problems with is just how every new altcoin has to provide some sort of financial benefit to the developers. Either a fixed amount of coins is controlled by the developers, or they organize an ICO to raise money. Satoshi Nakamoto created bitcoin without any financial incentive whatsoever, as running an initial coin offering or creating a pre-mine was never the objective in the first place.

Even though there are projects with a legitimate ICO in the cryptocurrency world, the whole concept of raising money before even showing what the code can do has gotten somewhat of a bad reputation. Investing in an idea is very difficult in the cryptocurrency world, as most of these ideas exist in other currencies already. Moreover, with a growing number of ICOs, there is a bigger chance investors will buy an altcoin that is abandoned by the developer once the money changes hands.

There is no way to ignore the obvious elephant in the room here. Most altcoins, with the exception of maybe two dozen, are scams. Anyone who invests money into these projects will lose funds over time. One could even argue there is no need for additional cryptocurrencies at this point, as even Bitcoin hasnt caught mainstream attention quite yet. Developers are more than welcome to submit their idea for features, privacy, and anonymity to existing branches of cryptocurrency development. Not every new idea warrants the creation of yet another altcoin.

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4 Reasons New Cryptocurrencies Keep Getting Worse The Merkle - The Merkle

Will Cryptocurrency Abuse be an Enforcement Focus for the IRS this Tax Season? – JD Supra (press release)

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Will Cryptocurrency Abuse be an Enforcement Focus for the IRS this Tax Season? - JD Supra (press release)

11 Of The Craziest Discoveries From Wikileaks (VIDEO) – Collective Evolution

We're creating a positive news network. We need your help.

Since 2006, Wikileaks has been exposing government and elite corruption, high-levelcrime, and other wrongdoings by leaking secret and classified information. Wikileaks founder, Julian Assange, has been targeted multiple times by mainstream media, which often refersto Wikileaks as fake news.

The irony is that the documents published by Wikileaks and theclaims theyve made have yet to bedisproven, which is something many mainstream news outlets cannot say about their own broadcasts.Unlike mainstream media, Wikileaks hashelped keep the public conscious of whats actually going on in the world.

The following video exposes some of the craziest stories Wikileaks has uncovered. Its interesting to think that without Wikileaks, we may never have discovered the truth about some of these subjects!

Some of the topics include: journalists death as a result of the U.S, military, secret military prisons, scientology, tampereddata in support of climate change, the Australian governments internet blacklist, a major cover-up by an oil company, and more.

You can watch the video here:

If you just watched that video and had no idea about some of the corruption that goes onwithin the government, the elite, and large corporations, I understand that it can be difficult to learn the truth. Government was created to serve the needs of the people and corporations cant bend laws,right? Although this was probably true at some point, weve come a long way from that ideal.

Its not so difficult for corporations and the elite to avoid lawswhen theyre the ones writing them, which is why theyre known as the shadow government.

At the moment, we live in a world where a select few groups control the overall population. The well-being of a country is determined by finance, so those who control the finances (big banks) essentially control the population. When you live in a world that values profit over people, its easy to understand how all of this can occur.

John C. Calhoun, the 7th Vice President of the United States, put it perfectly when he said: A power has risen up in the government greater than the people themselves, consisting of many, and various, and powerful interests, combined into one mass, and held together by the cohesive power of the vast surplus in the banks.

Recommended:The Biggest Secret: The Book That Will Change the World

Its crucial to understand that, as we become more conscious of whats going on in the world, we gain more power to create positive change. One of the main reasons the elite has so much control is because they work hard to keep the population ignorant of their existence.

Increased amounts of disclosure can help us change our reality and can eventrigger the Ascension process. You may have noticed that many people who are conscious of their spiritual nature will develop a better understanding of whats going on in the world, or that people who are conscious of the elite and the secrets within society also end up being attracted to spirituality.

This is in part becauseour DNA is like a living library, full of information waiting to be unlocked and thatcan be obtained through meditation or education. Being fully conscious of your surroundings and yourselfwill raise your vibration and, through the law of attraction, allow you to come into knowledge becauseyoure ready for it.

Everything that happens outside of us is a reflection of the collective consciousness. So, you are actually somewhat responsible for the actions of the elite and the overarching decisions made in society. However, this also means that you can help change our reality. Disclosure is the key to creating positive change, and its organizations like Wikileaks and other alternative media outlets that can help us do so.

One of the biggest problems cancer patients face is that their doctors aren't telling them everything they need to know and patients don't know the right questions to ask.

Our friend (and 13-year cancer survivor) Chris Wark just finished creating a free guide for cancer patients and their loved ones called 20 Questions For Your Oncologist.

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11 Of The Craziest Discoveries From Wikileaks (VIDEO) - Collective Evolution

Chelsea Manning’s ‘Welcome Home Fund’ Raises $40K in First Day – Newsweek

A welcome home fund for incarcerated whistleblower Chelsea Manning has raised more than $40,000 in its first 24 hours.

The GoFundMe campaign was set up by friends and family of the 29-year-old transgender woman, who has spent the past seven years in prison for leaking classified military documents to WikiLeaks.

More than 900 people have donated to the fund, which will be deposited directly into Mannings bank account in time for her release from prison on May 17.

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People hold signs calling for the release of imprisoned wikileaks whistleblower Chelsea Manning while marching in a gay pride parade in San Francisco. She is now preparing to be released after Barack Obama commuted her prison sentence. REUTERS/Elijah Nouvelage/File Photo

Chelsea has been through so much, so we wanted to make sure she has her basic needs met while she transitions back into the free world, Evan Greer, a friend of Manning and an activist who helped set up the fund, tells Newsweek .

She has been such an inspiration to so many people, and has done so much to further human rights for all and increase visibility for transgender prisonersI think people are grateful for the opportunity to be able to give something back to her.

Greer was one of the leading campaigners calling for then president Barack Obama to commute Mannings sentence and called the decision a major victory for free speech and human rights. The former U.S. soldier has reportedly attempted suicide twice during her controversial incarceration.

Funds raised will be used to cover Mannings basic living expenses for the first year after she is released, including housing, food, clothing and healthcare.

Manning has said she plans to return to Maryland, where she lived before she was incarcerated, though has not stated publicly what she will do once she is free.

Only Chelsea can speak to her exact plans once she is freed, Greer says, but I know that she intends to continue doing what she has always done: using her voice to help others and try to make the world a better place.

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Chelsea Manning's 'Welcome Home Fund' Raises $40K in First Day - Newsweek

$21.5k in 20hrs: Chelsea Manning GoFundMe page thriving ahead of whistleblower’s release – RT

A fundraising campaign is underway to help whistleblower and former US Army intelligence analyst Chelsea Manning cover living expenses when she is released from prison on May 17.

Manning was convicted under the Espionage Act in 2013 after leaking hundreds of thousands of classified US government documents to WikiLeaks.

She was originally due to be released in 2045, but her 35-year sentence was commuted by former US President Barack Obama last month during his final days in office.

READ MORE: Obama commutes much of Chelsea Manning's sentence

Campaigners are now preparing for the former army privates release and have launched a GoFundMe page called the Chelsea Manning Welcome Home Fund with a financial target of $100,000. The fund has already raised more than $21,500 in 20 hours.

For the first time in her life, Chelsea will have the opportunity to live freely as her authentic self, to grow her hair, engage with her friends, and build her own networks of love and support, the page states.

The campaign organized by friends and family of the transgender woman aims to raise money to meet Mannings survival needs as she is released from military custody after seven years.

Remarking on the whistleblowers time in solitary confinement and systemic denial of healthcare, the fundraising drive notes the logistical, emotional, and financial support Manning will now need to safely transition into the free world.

The money accumulated will go directly to Mannings rent, utilities, healthcare, clothing and other living expenses for the first year after she is released, according to the group.

Formerly known as Bradley Manning, the whistleblower was initially denied sexual reassignment surgery by the Department of Defense, but the treatment was later approved just months before the commutation was announced.

Manning made two suicide attempts during her time in prison and was subjected to long periods of solitary confinement.

News of Mannings commutation was welcomed by her supporters, including NSA whistleblower Edward Snowden.

However, it was met with some opposition, particularly from members of the Republican party.

President Trump blasted Manning as an ungrateful traitor on Twitter after she criticized Obamas legacy in an opinion piece.

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$21.5k in 20hrs: Chelsea Manning GoFundMe page thriving ahead of whistleblower's release - RT

Will Edward Snowden Go To Jail? US Indicts A Former NSA Contractor For Violating Espionage Act – International Business Times

As Edward Snowden awaited possible extradition on the other side of the world, another National Security Agency contractor accused of stealing and leaking a large trove of classified information faced federal charges this week amounting to a potential 200 years in prison over his violation of the Espionage Act.

A federal grand jury in Baltimore found Wednesday that, over the course of up to 20 years, Harold Hal Martin, 52, flagrantly abused the trust placed in him by the government while working as a government contractor, U.S. Attorney Rod Rosenstein said in a Thursday Justice Department press release. Martin, who allegedly revealed many of the NSAs powerful hacking and overseas spying tools, faces 20 counts of willful retention of national defense information, each of which carries a maximum sentence of 10 years. He will first appear in court at 11 a.m. Tuesday. Martin at one point workedfor the tech-consulting firm Booz Allen Hamilton, the same contracting company that once employed Snowden.

Meanwhile, the Russian lawyer for Snowden told the Kremlin-owned news agency Sputnik Tuesday that Russia, where the more famous NSA whistleblower and former Booz Allen Hamilton contractor is evading arrest by the American government, had not received any extradition requests from the U.S. This claim should be taken with a grain of salt, however, as the lawyer, Anatoly Kucherena, also told the state news agency that the U.S. had not issued charges against Snowden. A 2013 Justice Department press release confirms that he faces charges of unauthorized disclosure of national defense information, unauthorized disclosure of classified communication intelligence and theft of government property.

Unlike U.S. Army leaker Chelsea Manning, Snowden was not among the 1,715 people granted commutations by former President Barack Obama on his way out of office, nor was he among the 212 people pardoned, as Snowden hadnt presented himself in court before the end of Obamas tenure.

President Donald Trump is not expected to take a softer stance. His appointee to run the Central Intelligence Agency, Mike Pompeo, once called for Snowdens execution. In a 2013 interview with Fox & Friends, Trump has called Snowden a terrible guy and hinted at Snowdens execution himself.

Correction:A previous version of this article mischaracterized where Harold Martin worked during the time of his NSA leak. Martin was employed withseven different contractors during the period of his illegal activity.

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Will Edward Snowden Go To Jail? US Indicts A Former NSA Contractor For Violating Espionage Act - International Business Times

Encryption virus scam is no laughing matter – Sentinel & Enterprise

Norm Morin

In case you haven't heard, there are plenty of scams circulating on the Internet.

The most popular one is the encryption virus scam. This one is real nasty. If your computer is infected, any documents, pictures, or any personal files will be encrypted. For all purposes, your files are as good as gone.

The usual delivery method is by email. You might receive a fake notice of a missed delivery. When you open the attachment included in the email, the virus is launched. The virus encrypts any files that your computer has and will attempt to encrypt any files that are available to your computer on the local network.

Viruses used to be considered pranks, files could be deleted but the encryption virus attempts to extort you for access to your files. This is serious business. Encryption virus scams generate big money for criminals. Every anti-virus developer has statistics available. It doesn't matter whose information you believe, criminals are making big money.

Viruses are pretty old news. It didn't seem like law enforcement was doing anything about the encryption virus scammers. The scammers have caused serious damages with impunity. You won't see any big news headlines that encryption virus scammers are being apprehended. The news media seems more preoccupied with scaring the public. The encryption virus scammers are being apprehended and convicted of their crimes. They are getting serious jail sentences.

The best defense against the encryption virus is having a good backup.

It is too late to think about the encryption virus after your computer is infected. You can't do much to recover from the virus. Are you comfortable to pay the ransom? Would you pay a criminal to give you access to your files? When the virus first appeared, the ransomware developers operated on an honor system. They promised to give victims keys to gain access to their files. The current scammers may or may not give the victims keys to unlock their files. Would you expect to get your files back if you paid the ransom?

One has to wonder, after the ransomware scams are stopped, what will be the next scam? How many times during the day have you been accosted by scammers. It tax season and scammers have turned their attention to people expecting tax refunds. Money will always attract scammers. Don't get taken by a con, use common sense.

Norm Morin is founder of NKC Systems computer repair and consulting. Call 978-453-1355; visit 155 Broadway Road, Dracut; or email techside@nkcsystems.com.

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Encryption virus scam is no laughing matter - Sentinel & Enterprise

FBI Attorney: Tech Companies Are Helping Dumb Criminals By Providing Quality Encryption – Consumerist

Much of the debate about encrypted devices and messaging services has been centered on more sophisticated criminal or terrorist activities, where the people involved are actively searching out ways to avoid detection by law enforcement. However, the FBIs top attorney contends that tech companies may be inadvertently giving dimwitted crooks a leg up by making quality encryption so widely available.

End-to-end encryption, or decryption of devices, is increasingly available by default, said FBI General Counsel James A. Brady yesterday at a Center for Strategic & International Studies panel discussion on privacy and law enforcement. Your average bad guy, whos not particularly sophisticated, can avail himself of high quality encryption, so thats part of our problem.

Brady seemed to question the logic of making full-disk encryption the default on phones and other devices, when in his view most people arent thinking about this issue.

The super-sophisticated bad guys are always going to be able to find tools to try to thwart us, he added. They think about it actively and they will endeavor to do that.

To demonstrate the volume of encryption challenges law enforcement now faces, Brady says that in just three months of 2016, the FBI attempted to access 2,870 different devices; this includes devices brought to the agency by state and local authorities in need of assistance.

Of those, 1,715 were encrypted and protected by password locks, but the FBI was only able to crack the passwords for 470, leaving the contents of 1,245 devices still locked up tight.

Lawful hacking the process of getting a court to compel a company to aid in opening a secured device provides some relief, said Brady, but only some. Its slow, its expensive, its fragile; its just not a comprehensive solution to this problem. Well use it when necessary, but its not a panacea.

Its not as difficult to obtain metadata things like when and who you texted or emailed, but without any content but Brady noted that this is rarely the kind of information that can lead to a criminal prosecution.

After both Apple and Google moved to encrypt their smartphone operating systems so that even they couldnt access a device without a password, Bradys boss, FBI Director James Comey, called on Congress to come up with some solution to make it less difficult for law enforcement to access suspects locked devices.

Brady, without suggesting anything specific, also noted that its ultimately up to lawmakers to sort out where to draw the line.

At the end of the day, the FBI works for the American people and we will use whatever tools you want us to have to deal with the threats that you want us to address, he explained.

So far, suggestions about what such a law would look like have been limited to make tech companies put in a back door or require that tech companies be able to crack their own encryption upon request. Privacy and cybersecurity advocates say that such practices and policies are effectively like leaving out a welcome mat to hackers.

No matter how thick the door or tough the lock, the house is now more vulnerable to intrusion in at least three ways: The door can be battered down, wrote Washington Post tech columnist Craig Timberg in 2014. The keys can be stolen. And all the things that make doors work the hinges, the lock, the door jamb become targets for attackers. They need to defeat only one to make the whole system fail.

Brady, at yesterdays panel, tried to downplay the level of access the FBI seeks, but also provided such an all-encompassing description of the factors in play that its doubtful any policy could address even a majority of them.

The FBI is not pushing some particular solution, said Brady, who then showed off his predilection for making lists: Were not trying to undermine encryption. Were not trying to create a backdoor. We dont want a golden key. We dont want any of that. We want something that is safe and effective.

We need some type of solution, he continued, that adequately addresses all of the values that I think we all share with respect to protecting public safety, protecting cybersecurity, maintaining the innovativeness and competitiveness of U.S. companies, protecting privacy, free expression, freedom of association all of that.

Brady conceded that it may require multiple policies, but Whatever we come up with its gotta really accommodate all of those values otherwise its not really a solution.

This battle over encryption between the FBI and tech companies was pushed into the spotlight following the Dec. 2015 terrorist attack in San Bernardino, CA. The FBI had sought to compel Apples help in unlocking one of the killers iPhones, but Apple fought back. The company said that not only did it not have the ability to crack the encryption, but that forcing a company to find a vulnerability in its own security put other users at risk and allegedly violated Apples rights.

That matter was never resolved when an unnamed third party provided the FBI with a solution for bypassing the encryption.

Victoria A. Espinel, President and CEO of BSA|The Software Alliance, said its important to separate the bigger policy issues from individual tragedies, as the rhetoric from both sides of this debate can make it difficult to find common ground.

Individual horrible events can create understandably pressure on policymakers, explained Espinel, adding that this discussion needs to happen now, but outside the shadow of a particular event.

Brady agreed, noting that time is of the essence. We should move forward quickly, smartly, but promptly because we dont want to have this debate driven by some type of catastrophe down the road.

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FBI Attorney: Tech Companies Are Helping Dumb Criminals By Providing Quality Encryption - Consumerist