Image Image Image Image Image Image Image Image Image Image Image Image

| June 23, 2018

Scroll to top

Top

bans Archives -

Delta bans pit bulls as emotional support animals, citing dog attacks

June 22, 2018 |

Kathryn Hurley, a director at a Los Angeles dog rescue service, has been flying for years with her pit bull dog, Jax, an emotional support animal that has been trained to behave on a flight.

She learned the hard way that Delta Air Lines has new restrictions on traveling with animals: Hurley had…


L.A. Times – Business

Censorship, Bans, and ETH Scams: Twitter Suspends Bitmain’s Official Account

June 16, 2018 |

Censorship, Bans, and ETH Scams: Twitter Suspends Bitmain's Official Account

This week the Twitter handle @Bitmaintech was locked down because Twitter administrators claimed the account belongs to a 4-year-old. The Twitter handle’s owner and Bitmain’s head of marketing have complained to the social media company’s support team and Twitter’s CEO Jack Dorsey. The account lockdown marks the second high profile bitcoin-related account that’s been banned from Twitter in just a few months.

Also Read: Study Reveals ASIC Miners Represent 30% of the Equihash Mining Hashrate

The Official Bitmain Tech Twitter Account Has Been Suspended

On June 14 Bitmain Tech’s head of marketing Nishant Sharma tweeted to his followers that the company’s official Twitter account @Bitmaintech had been banned from Twitter. At the moment the Twitter account is completely inaccessible to the public and the Beijing-based company’s active ad campaigns have been paused.   

Censorship, Bans, and ETH Scams: Twitter Suspends Bitmain's Official Account
The official @Bitmaintech Twitter account was locked on June 14, 2018.

Bitmain’s account accumulated thousands of Twitter followers over the past four years and now the account is unable to post or utilize the social media platform in any manner until the case is resolved.          

“The @Bitmaintech account is temporarily inaccessible because apparently, Twitter thinks that the people behind the account are as old as Bitmain i.e. 4 years old,” says Sharma.

It should be back soon (and long before Bitmain turns 13). @Jack help please. Case# 85911059

The Recent @Bitcoin Account Suspension

The account removal comes at an awkward time for the Twitter CEO, Jack Dorsey, who has been asked to address multiple issues tied to the social media platform. For instance, just recently the @Bitcoin account was banned and the topic was very controversial. The account with over 750,000 followers was initially suspended and then the account was restored with a much lower follower count than it had prior to the ban. Some people accused Dorsey of being biased and showing a conflict of interest towards supporters of the Lightning Network (LN) by allowing the banning of the @Bitcoin account. The reason for this speculation is due to Dorsey’s recent investment into the LN project.

Censorship, Bans, and ETH Scams: Twitter Suspends Bitmain's Official Account Censorship, Bans, and ETH Scams: Twitter Suspends Bitmain's Official Account

 Legitimate Accounts Banned, but ETH Bot Impersonation Thrives

Twitter users within the cryptocurrency industry are also dealing with the vast amounts of scamming ETH bots that have cloned nearly every well-known person in the crypto-community. The ETH bots have managed to scam millions worth of ether because Twitter will not remove the fraudulent accounts impersonating digital currency luminaries. So essentially people are pretty frustrated that Twitter has managed to ban and censor legitimate users like @Bitcoin and @Bitmaintech, while allowing fraudulent scammers to run amuck all over the platform.

Censorship, Bans, and ETH Scams: Twitter Suspends Bitmain's Official Account

The case of Bitmain losing it’s official account, because Twitter admins believe it belongs to a four-year-old, seems absurd, but Twitter has been a whacky place lately, and the company hasn’t been very responsive. The issues with Twitter also follows the recent accusations and admissions stemming from other social media platform CEOs abusing their powers. Back in 2016, the Reddit CEO Steve Huffman admitted to editing comments on the pro-Donald Trump subreddit, r/the_donald. This year Facebook’s Mark Zuckerberg has been scrutinized for selling user data to Cambridge Analytica. And now Twitter users are complaining about banned accounts and censorship and many of them are pointing their fingers at Jack.   

What do you think about Bitmain’s Twitter account getting banned because admins believe the account belongs to a four-year-old child? Do you think Jack Dorsey and Twitter have a lot of explaining to do? Let us know your thoughts on this subject in the comment section below.


Images via Pixabay, Bitmaintech, the Twitter logo, @bitcoin, @bitmaintech, @laurashin 


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Censorship, Bans, and ETH Scams: Twitter Suspends Bitmain’s Official Account appeared first on Bitcoin News.

Bitcoin News

UN: Plastic bans can work, but need planning and enforcement

June 5, 2018 |

The U.N. says government bans on plastic can be effective in cutting back on waste but poor planning and follow-through have left many such bans ineffective.
FOX News

World’s Second Largest Search Engine Bans Crypto Ads

May 16, 2018 |

World’s Second Largest Search Engine Bans Crypto Ads

Melissa Alsoszatai-Petheo, of Microsoft’s Bing search engine, announced its advertising arm is banning all cryptocurrency advertisements. This follows market leaders such as Google, Facebook, and Twitter either severely restricting crypto ads or banning them altogether.

Also read: Ethereum Futures in US One Step Closer as CME Deal is Struck

Microsoft’s Bing Search Engine Bans Crypto Ads

Advertiser Policy Manager, Melissa Alsoszatai-Petheo, posted an update to Microsoft’s Bing search engine ad policy. Bing Ads to Disallow Cryptocurrency Advertising is the title of the company’s rather obvious move. “We are always evaluating our policies to ensure a safe and engaging experience for our Bing users and the digital advertising ecosystem,” Ms. Alsoszatai-Petheo began. “Because cryptocurrency and related products are not regulated, we have found them to present a possible elevated risk to our users with the potential for bad actors to participate in predatory behaviors, or otherwise scam consumers.”

World’s Second Largest Search Engine Bans Crypto Ads

Bing has consistently ranked a very distant second behind the Google juggernaut, which gobbles up better than 60% of search traffic on the internet. Google at the beginning of 2018 announced a far more specific series of cryptocurrency related prohibitions, down to defining contract for difference (CFDs) products.

It wasn’t too much later when Facebook followed, as we reported at the end of January, with “a new ruling issued on January 30, ‘ads must not promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, or cryptocurrency.’” Twitter too, a mere two months later, presented its new advertising policy, severely restricting initial coin offering (ICOs) and token sales.

World’s Second Largest Search Engine Bans Crypto Ads

Protection is the Pretext

“To help protect our users from this risk,” the notice from Bing continued, “we have made the decision to disallow advertising for cryptocurrency, cryptocurrency related products, and un-regulated binary options. Bing Ads will implement this change to our financial product and services policy globally in June, with enforcement rolling out in late June to early July.”

Other than seeking a press cycle of promotion, it does appear “scams” were a bit of a problem during 2017, according to Bing’s annual report. “Tech scams are widely used by bad actors and we rejected 25 million ads in this category in 2017,” they insisted. And under the banner of misleading ads, Bing noted how last “year, we took down 30 million such ads, 20,000 such websites and 43,500 bad actors.”

Do you think crypto ad bans will have a negative impact? Share your thoughts in the comments section below. 


Images courtesy of Shutterstock.


Do you agree with us that Bitcoin is the best invention since sliced bread? Thought so. That’s why we are building this online universe revolving around anything and everything Bitcoin. We have a store. And a forum. And a casino, a pool and real-time price statistics.

The post World’s Second Largest Search Engine Bans Crypto Ads appeared first on Bitcoin News.

Bitcoin News

Zimbabwe Bans All Cryptocurrency Activity, Businesses Have 2 Month Grace Period

May 13, 2018 |

Zimbabwe Bans All Cryptocurrency Activity, Businesses Have 2 Month Grace Period

Zimbabwe’s central bank issued Circular to Banking Institutions No. 2/2018: Virtual Currencies, effectively banning all crypto activity in the African nation. Businesses dealing in decentralized currencies have 60 days to comply.

Also read: India’s Supreme Court Keeps Ban on Banks’ Crypto Services, For Now

Zimbabwe Bans Crypto

Issued 11 May, the Reserve Bank of Zimbabwe, the country’s central bank, laid out seven points in ordering the shutter of things crypto within the southeast African nation. Referencing two previous circulars going back as far as three years ago, the notice explains “’banking institutions’ attention is once again drawn to the risks involved with virtual currencies and the need to ensure strict adherence to sound risk management. Our investigations have revealed that the major cryptocurrency exchanges facilitating the trade of virtual currencies in Zimbabwe are Bitfinance (Private) Limited (Golix) and Styx24. Golix has gone further to set up an ATM machine through which cryptocurrency transactions are facilitated.”

Indeed, these pages first reported on the Golix crypto ATM last month, highlighting how “‘Since we got the machine, lots of people have come to check it out, to touch it,’ Golix representative Tawanda Kembo told Bitcoin.com. ‘At least 10-20 people walk in every day, since we launched it last Friday.’”

Zimbabwe Bans All Cryptocurrency Activity, Businesses Have 2 Month Grace Period

Crypto was widely thought to be something of a saving grace for the population, as we explained how the nation has a notorious relationship with monetary policy. “There is an acute liquidity crisis In Zimbabwe,” News.Bitcoin.com reported, “and so getting physical US dollars is both cumbersome and expensive (and illegal, the cash has to be bought on the black market).”

Fall of last year, another Golix spokesperson insisted, “there is currently more demand than supply of bitcoins… Interest in bitcoin has peaked as people cannot send money outside or pay for international transactions using formal banks. People have had to look for alternatives and bitcoin has been a useful solution which can be used to purchase goods on Amazon or to pay for vehicles from international suppliers and traders.”

A Government Known for Monetary Nonsense Unironically Fears Cryptocurrency

Famous for their many thousands of percent hyperinflation, Zimbabwe’s central bank unironically feared this week of how financial “regulators around the world have identified the dangers and risks presented by virtual currencies to financial stability which include risk of loss due to price volatility, theft or fraud, money laundering and other criminal activities. Further, cryptocurrencies can be used to facilitate tax evasion as well as externalization of funds in violation of a country’s laws.”

Zimbabwe Bans All Cryptocurrency Activity, Businesses Have 2 Month Grace PeriodThe order requires “all financial institutions … ensure that they do not use, trade, hold and/or transact in any way in virtual currencies; ensure that they do not provide banking services to facilitate any person or entity in dealing with or settling virtual currencies; and exit any existing relationships with virtual currency exchanges within sixty days of the date of this Circular and proceed to liquidate and restitute existing account balances.”

Prior to using a haunting turn of phrase, at the end of the order, to be “advised accordingly,” the country’s monetary authority hammered home the point by attempting to cover all the possible permutations of crypto business. The ban includes “maintaining accounts, registering, trading, clearing, collateral arrangements, remittances, payment and settlement accounts, giving loans against virtual tokens, accepting them as collateral, opening accounts of exchanges dealing with them and transfer / receipt of money in accounts relating to purchase / sale of virtual currencies.” 

What do you think the future holds for Zimbabweans with regard to crypto? Let us know in the comments section below.


Images courtesy of Shutterstock.


Need to calculate your bitcoin holdings? Check our tools section.

The post Zimbabwe Bans All Cryptocurrency Activity, Businesses Have 2 Month Grace Period appeared first on Bitcoin News.

Bitcoin News

Traffic Alert: Kansas Bans Cop Sex With Motorists

May 12, 2018 |

Kansas has passed a law that most people probably assumed the state already had. The new law bans police officers from having sex with motorists that they pull over, reports the Wichita Eagle . Although Kansas did have a law prohibiting police from having sex with people in jail, the new…
Newser

United Airlines bans dozens of dog and cat breeds from cargo hold under new pet travel policy

May 2, 2018 |

In response to the controversial death of a dog on a United Airlines flight in March, the carrier is overhauling its pet travel policy, including banning the transport of dozens of breeds of dogs and cats in the cargo compartment.

Passengers can still bring small pets, including many of the breeds…


L.A. Times – Business

Kenya Bans 1st Cannes Film Over ‘Lesbianism’

April 27, 2018 |

Kenya has banned its first feature film to premiere at the Cannes Film Festival, accusing it of having “clear intent to promote lesbianism in Kenya contrary to the law,” reports the AP . Director Wanuri Kahiu says she is “incredibly sorry” to confirm the ban of Rafiki , or Friend , by the…
Newser

Central Bank of Iran Bans Banks from Crypto

April 23, 2018 |

Central Bank of Iran Bans Banks from Crypto

Iran’s central bank has issued a statement banning the country’s banks and financial institutions from dealing with cryptocurrencies such as bitcoin, citing money laundering and terrorism financing risks. However, the local crypto community in Iran believes that the ban will not affect them and some exchanges continue to operate normally.

Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales

Banned by Central Bank

Central Bank of Iran Bans Banks from CryptoThe Central Bank of Iran (CBI) has issued a statement on Monday banning the use of cryptocurrencies including bitcoin by banks and financial institutions. This announcement came “amid ongoing debate over how best to regulate the technology,” the AFP elaborated.

According to the CBI, “the government’s money laundering committee had taken the decision in late December and it was now being put into effect,” the news outlet conveyed and quoted the central bank explaining:

All cryptocurrencies have the capacity to be turned into a means for money laundering and financing terrorism and in general can be turned into a means for transferring criminals’ money.

The central bank noted that banks and financial institutions in Iran were informed a few days ago, Mehr News reported.

The ban comes at a tenuous time for the Iranian economy. Between now and May 12, both the EU and the US are expected to decide on a new round of economic sanctions targeting Tehran. This could restore the harsh international controls on Iran that were lifted in the 2015 nuclear treaty between Iran and six major powers, including the US.

Effects of Crypto Community in Iran

Monday’s announcement follows another prohibition recently announced by the central bank, banning foreign fiat currency exchanges.

Central Bank of Iran Bans Banks from Crypto
Mohammad-Javad Azari Jahromi.

The Iranian government has mixed views on cryptocurrency, however. In February, the country’s telecom minister, Mohammad-Javad Azari Jahromi, tweeted the news that his ministry and the CBI are investigating the prospect of running their own initial coin offering (ICO) together. The resulting cryptocurrency would serve as “an experimental model for the country’s banking system,” he believes.

While many people in Iran see cryptocurrencies as a way to overcome problems with international sanctions and the country’s banking system, there are also those who fear “the technology could undermine the country’s already weak banking system and exacerbate capital flight,” the AFP explained.

Central Bank of Iran Bans Banks from Crypto“Iranians working in the fledgling private cryptocurrency market said the ban was unlikely to affect their operations,” the publication further described. A local crypto exchange Coinex has, however, halted activity on its platform in response to the central bank’s action, citing “we always want to make sure we comply with the law,” Hadi Nemati, who works for the exchange, told the news outlet. “But I have seen other crypto exchanges were still working normally,” he clarified, adding:

This ruling referred directly to banks, financial institutions and currency exchangers that work with the central bank…In my opinion, it doesn’t include the general public — it’s not a total ban on cryptocurrencies.

What do you think of the Iranian central bank’s action? Let us know in the comments section below.


Images courtesy of Shutterstock and Mohammad-Javad Azari Jahromi.


Need to calculate your bitcoin holdings? Check our tools section.

The post Central Bank of Iran Bans Banks from Crypto appeared first on Bitcoin News.

Bitcoin News

Russian Court Bans Telegram, Founder Pavel Durov Defiant

April 14, 2018 |

Russian Court Bans Telegram, Pavel Durov Defiant

Russian security services ordered Telegram to hand over access to encrypted user messages, but the messaging application (app) refused. Founder Pavel Durov didn’t bother to send lawyers to Moscow’s Tagansky court, and the court dutifully ruled against his company, taking less than 20 minutes in decreeing an immediate ban.

Also read: CBS’s NCIS Los Angeles Weaves Stolen Bitcoin Into Script, LL Cool J Is on the Case

Russian Court Bans Telegram

Dmitri S. Peskov, Kremlin spokesperson, stressed, “There is a certain legislation that demands certain data to be passed to certain services of the Russian Federation.” Judge Yulia Smolina agreed, ruling, “The ban on access to information will be in force until the [Federal Security Service’s] demands are met on providing keys for decrypting user messages,” TASS reported.

Russian Court Bans Telegram, Pavel Durov Defiant

Roskomnadzor, a censuring media body responsible for attempting to ban everything from Github to pornography to white nationalist websites, evidently made the most vigorous appeal in urging the court to shutter Telegram. Last month, the company appealed before the Supreme Court over Russia’s Federal Security Service’s (FSB) 800,000 ruble fine. The FSB ordered Telegram to decrypt messages in accordance with relatively recent anti-terrorism laws. “We don’t do deals with marketers, data miners or government agencies. Since the day we launched in August 2013 we haven’t disclosed a single byte of our users’ private data to third parties,” a Telegram blog post insisted.

The only comment made at press time by Pavel Durov, regarding 13 April’s decision, came in a post to his personal Telegram channel, and it seemed every bit defiant as the 33 year old, “The power that local governments have over IT corporations is based on money. At any given moment, a government can crash their stocks by threatening to block revenue streams from its markets and thus force these companies to do strange things (remember how last year Apple moved Icloud servers to China). At Telegram, we have the luxury of not caring about revenue streams or ad sales. Privacy is not for sale, and human rights should not be compromised out of fear or greed.” Mr. Durov is a native Russian, but bailed in 2014 after his first enterprise, a social networking site called Vkontakte (VK), he claimed, was taken over by Putin in retaliation to Mr. Durov’s then-refusal to hand over user information as well.

Russian Court Bans Telegram, Pavel Durov Defiant
Pavel Durov

Legal Setback for a Company Thriving

Though Telegram has formal appeal rights, the court ruled with a sense of urgency, allowing the Roskomnadzor to take immediate action against the company. An irony not lost on officials is that they too use Telegram for communication purposes, and that includes President Putin’s own press office. Rumors are that it will move to Viber. 

Russian Court Bans Telegram, Pavel Durov Defiant

Telegram’s lawyer, Pavel Chikov, warned, “[Russia has] demonstrated again and again that the court system is devoted to serving the interests of the authorities. They no longer even care about basic external appearances.” Though both Facebook and Google have butted heads with Russian authorities, Telegram is only the second universal platform to be formally banned (Linkedin was the first).

Other than legal woes, the company has been on something of a growth spurt of late. It recently celebrated 200 million users, and is presently raising billions in what is being called the biggest initial coin offering so far.

Do you think Telegram will be impacted by the ban? Let us know in the comments section below.


Images courtesy of Shutterstock. 


Need to calculate your bitcoin holdings? Check our tools section.

The post Russian Court Bans Telegram, Founder Pavel Durov Defiant appeared first on Bitcoin News.

Bitcoin News