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| April 21, 2019

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Weinstein companies dismissed from sexual-misconduct class-action lawsuit

April 21, 2019 |

Harvey Weinstein’s former companies and their officers and directors were dismissed from a federal lawsuit filed by 10 women who claim the firms and executives aided the alleged sexual misconduct that led to the movie mogul’s ouster.

The women — actors and screenwriters who say they were assaulted…


L.A. Times – Business

Indiana hiker spots huge snake hanging from tree branch

April 20, 2019 |

A hiker in Zionsville, Indiana was in for a slithery surprise when she came across a huge eastern rat snake hanging from a tree branch.
FOX News

Notes from the Samsung Galaxy Fold: day four

April 20, 2019 |

Apologies for skipping day three. This kept me extremely busy yesterday. Though the Galaxy Fold remained a constant companion.

Before you ask (or after you ask on Twitter without having read beyond the headline), no it’s hasn’t broken yet. It’s actually been fairly robust, all things considered. But here’s the official line from Samsung on that,

A limited number of early Galaxy Fold samples were provided to media for review. We have received a few reports regarding the main display on the samples provided. We will thoroughly inspect these units in person to determine the cause of the matter.

Separately, a few reviewers reported having removed the top layer of the display causing damage to the screen. The main display on the Galaxy Fold features a top protective layer, which is part of the display structure designed to protect the screen from unintended scratches. Removing the protective layer or adding adhesives to the main display may cause damage. We will ensure this information is clearly delivered to our customers.

I’ll repeat what I said the other day: breakages and lemons have been known to happen with preproduction units. I’ve had it happen with device in a number of occasions in my many years of doing this. That said, between the amount of time it took Samsung to let us reviewers actually engage with the device and the percentage of problems we’ve seen from the limited sample size, the results so far are a bit of a cause for a concern.

The issue with the second bit  is that protective layer looks A LOT like the temporary covers the company’s phones ship with, which is an issue. I get why some folks attempted to peel it off. That’s a problem.

At this point into my life with the phone, I’m still impressed by the feat of engineering went into this technology, but in a lot of ways, it does still feel like a very first generation product. It’s big, it’s expensive and software needs tweaks to create a seamless (so to speak) experience between screens.

That said, there’s enough legacy good stuff that Samsung has built into the phone to make it otherwise a solid experience. If you do end up biting the bullet and buying a Fold, you’ve find many aspects of it to be a solid workhorse and good device, in spite of some of the idiosyncrasies here (assuming, you know, the screen works fine).

It’s a very interesting and very impressive device, and it does feel like a sign post of the future. But it’s also a sometimes awkward reminder that we’re not quite living in the future just yet.

Day One

Day Two

TechCrunch

Tesla to shrink board to seven directors from 11

April 20, 2019 |

Tesla to shrink board to seven directors from 11Brad Buss, Antonio Gracias, Stephen Jurvetson, and Linda Johnson Rice will not be standing for re-election in the upcoming annual meetings of stockholders in 2019 and 2020, the company said https://www.sec.gov/Archives/edgar/data/1318605/000156459019012123/tsla-8k_20190418.htm in a regulatory filing. Tesla said the decision did not result from any disagreement between the company and the directors. Of the four members who would exit the board, Buss and Gracias were part of Tesla’s disclosure controls committee, overseeing the implementation of the terms of the consent agreement between Tesla and the SEC.



Yahoo News – Latest News & Headlines

Russia Adopts Law to Isolate Runet From the Internet

April 19, 2019 |

Russia Adopts Law to Isolate Runet From the Internet

Runet, the Russian segment of the internet, is about to be isolated from the rest of the web. A new law adopted by the State Duma aims to do so in order to supposedly protect it from external threats and turn it into a “sovereign” space. Russian taxpayers and end users will pay the bill for the extra security that is likely to affect internet businesses including crypto platforms.

Also read: Lithuania to Adopt Crypto Regulations Even Stricter Than the EU’s

Is Moscow Building Russia’s Great Firewall?

This week, the lower house of the Russian parliament adopted on third and final reading a draft known as the “Digital Economy National Program.” The legislation still needs the approval of the Federation Council – the upper house – before it’s signed by President Putin but the decisive support in the Duma, where over two thirds of the deputies voted in favor, is a strong indication of the political will to pass and implement the law.

Some of its key provisions include the introduction of a system that will channel Russian internet traffic through government-controlled routing points as well as granting unlimited powers to Roskomnadzor, which will be able to cut off non-complying internet providers. The country’s telecom watchdog will set up a monitoring center that will detect threats and issue instructions. Roskomnadzor will also create and maintain a national domain name system (DNS).

Russia Adopts Law to Isolate Runet From the Internet

The new legislation is designed to ensure that online data transfers between Russian citizens, businesses and organizations are executed within the country instead of being routed internationally. Russia, which has been threatened by the West with sanctions over alleged cyber attacks, wants to build its own DNS system which will remain operational even if links to the servers based abroad are interrupted.

The Runet law is scheduled to enter into force in November this year, with the rules governing Russian domains and cryptographic protection of information expected to be introduced on January 1, 2021. The bill has already attracted criticism from different corners of Russian society, not least because its implementation has been estimated to cost the state budget at least 30 billion rubles (almost $ 500 million). There’s also a strong suspicion that Moscow intends to use the system for censorship purposes. Some have already likened it to China’s Great Firewall and protests have been held against it.

All Depends on the Opposition to the Law

Roskomsvoboda is one of the organizations that have voiced serious concerns regarding the adoption of the Runet law. It is fighting internet censorship while promoting freedom of information and self-regulation in the online space. Roskomsvoboda was established in 2012 when Russian authorities created a banned websites register. It is constantly monitoring the government’s legislative activities regarding internet regulation including restrictions imposed on web-based sources. News.Bitcoin.com contacted the project’s leader Artem Kozlyuk for his opinion on the upcoming changes.

“Of course we, like many other public organizations and internet companies, oppose the adoption of this absurd legal act,” he said noting that lawmakers assess “external threats” inadequately without defining them and prescribing counteractions. Kozlyuk believes Russian internet infrastructure will become more centralized under the new regulations, which will actually increase cyber risks. “Any decentralized system is always more robust against external influences, but the initiators of the bill are unwilling to realize that,” he added.

Russia Adopts Law to Isolate Runet From the Internet

The activist emphasized that the legal texts are quite unclear and the sponsors of the draft want to put everything under government control, from domain names and cryptography to traffic filtering and routing. All this will create multiple threats – economic, technical and legal. On top of that, the government’s working group on IT and communications has estimated that the annual costs of maintaining the sovereign Runet will reach 134 billion rubles (over $ 2 billion).

“If these expenses fall on the shoulders of telecom operators, that will lead to increased internet costs for Russians. Internet connection can also be slower and constantly failing due to the filtering equipment through which all traffic will be passing,” Kozlyuk elaborated. There’s also a risk of monopolizing the internet services market and regional shutdowns and disconnections will likely be much more common.

At the same time, Roskomsvoboda’s founder thinks that it would be very hard to completely disable the rest of the internet in Russia. According to Artem Kozlyuk, the effectiveness of the blockade will depend on the position of internet providers and their readiness to resist censorship. “If they do that, then I am sure that internet resources like Telegram will continue to be accessible to Russians. Many VPN services have already refused to redirect traffic to Roskomnadzor and this is encouraging,” he commented.

Russian Crypto Industry to Be Affected

The Runet law is likely to negatively affect crypto businesses in Russia, some of which have already started looking for better regulatory climates for this and many other reasons. Russian lawmakers have been postponing the adoption of a package of bills meant to regulate digital financial assets and related matters since last year. The Duma is now expected to adopt them on third reading this spring.

Russia Adopts Law to Isolate Runet From the Internet

“Currently, cryptocurrencies in our country are in the gray zone and crypto portals are often being prosecuted. But we have cases when our lawyers successfully challenged their illegal blocking,” remarked Artem Kozlyuk. Nevertheless, prosecutors continue to refer to Russian courts requesting the prohibition of one platform or another.

“Of course, in such conditions it’s difficult to provide these services and Russian developers have been looking towards other markets, where there are fewer risks of this kind and authorities demonstrate a more positive interest in this space,” said Kozlyuk.

What consequences do you expect from the new law isolating the Russian internet from the global web? Share your thoughts on the subject in the comments section below.


Images courtesy of Shutterstock.


Express yourself freely at Bitcoin.com’s user forums. We don’t censor on political grounds. Check forum.Bitcoin.com.

The post Russia Adopts Law to Isolate Runet From the Internet appeared first on Bitcoin News.

Bitcoin News

RBI Excludes Cryptocurrency From Indian Regulatory Sandbox

April 19, 2019 |

RBI Excludes Cryptocurrency From Indian Regulatory Sandbox

India’s central bank, the Reserve Bank of India (RBI), has unveiled its framework for a fintech regulatory sandbox. While blockchain and smart contracts are welcomed, the bank stated that cryptocurrency and related services “may not be accepted for testing.”

Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request

RBI Welcomes Blockchain Tech

The RBI published its draft framework for a fintech regulatory sandbox Thursday. The central bank explained that one of the recommendations the inter-regulatory fintech working group, which it set up in July 2016, came up with is to introduce a framework for a regulatory sandbox (RS). The RBI clarified that this framework includes “a well-defined space and duration where the financial sector regulator will provide the requisite regulatory guidance, so as to increase efficiency, manage risks and create new opportunities for consumers.”

The central bank proceeded to provide a list of innovative products, services, and technology which could be considered for testing. In addition to money transfer services, digital KYC, digital identification services, AI and machine learning applications, the list includes smart contracts and “applications under blockchain technologies.”

RBI Excludes Cryptocurrency From Indian Regulatory Sandbox

The working group included representatives from the RBI, the Securities and Exchange Board of India (SEBI), the Insurance Regulatory and Development Authority, the Pension Fund Regulatory and Development Authority, the National Payments Corporation of India, the Institute for Development and Research in Banking Technology, select banks and rating agencies.

Crypto Excluded From Sandbox

While noting that some entities may not be suitable for the sandbox “if the proposed financial service is similar to those that are already being offered in India,” the RBI noted an exception. Applicants that “can show that either a different technology is being gainfully applied or the same technology is being applied in a more efficient and effective manner” may be considered for the sandbox, the bank described.

Nonetheless, it continued with “An indicative negative list” of products, services, and technology “which may not be accepted for testing.” This list includes cryptocurrency, crypto assets services, crypto trading, crypto investing, as well as settling in crypto assets. It also includes initial coin offerings and “any product/services which have been banned by the regulators/Government of India,” the central bank wrote.

RBI Excludes Cryptocurrency From Indian Regulatory Sandbox

RBI’s Unchanging Stance Toward Crypto

India’s central bank has never been a fan of cryptocurrency. It issued a statement in December 2013, cautioning crypto “users, holders and traders … about the potential financial, operational, legal, customer protection and security related risks that they are exposing themselves to.” The bank issued another statement in February 2017, advising the public that it had not given any license or authorization to any entity or company dealing in cryptocurrency. It followed up with another statement in December of the same year, reiterating its concerns regarding the “risk of virtual currencies including bitcoins.”

On April 5 last year, the RBI published a statement on Developmental and Regulatory Policies, affirming that cryptocurrencies “raise concerns of consumer protection, market integrity and money laundering, among others.”

RBI Excludes Cryptocurrency From Indian Regulatory Sandbox

The following day, the central bank issued the infamous circular banning all regulated entities from dealing in cryptocurrencies or providing services to any person or entity dealing with cryptocurrency. Affected services include maintaining accounts, registering, trading, settling, clearing, lending, accepting cryptocurrency as collateral, opening accounts of exchanges dealing with cryptocurrency and transferring money in accounts relating to purchase or sale of cryptocurrencies.

The ban went into effect in July last year and a number of industry participants have filed writ petitions with the supreme court to lift the ban. The court is expected to hear the case on July 23, after repeatedly postponing it.

Do you think the RBI should allow crypto startups to participate in India’s regulatory sandbox? Let us know in the comments section below.


Images courtesy of Shutterstock.


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

The post RBI Excludes Cryptocurrency From Indian Regulatory Sandbox appeared first on Bitcoin News.

Bitcoin News

TMZ

Tekashi69 Sued by Danish Rapper Claiming He’s Blocked from Releasing Track

April 18, 2019 |

Tekashi69’s got a new banger just begging to be heard, but a Danish rapper claims his label’s stonewalling it and screwing him over … so he wants a judge to step in and help him out. According to new legal docs — obtained by TMZ — Tekashi struck…

TMZ.com

A Years-Old Used Razor Cracks Cases From the ’70s

April 18, 2019 |

Arthur Rudy Martinez was an early suspect in a pair of murders in Atascadero, Calif., in the late 1970s. It took 41 years to officially name the now-deceased man as the suspect. The San Luis Obispo County Sheriff’s Office credits that confirmation to a used razor kept for years by…
Newser

FCC chief seeks to deny China Mobile from operating in the U.S.

April 18, 2019 |

The top U.S. communications regulator urged the rejection of China Mobile Ltd.’s application to provide telecommunications services in the American market, opening another front in the trade fight between the world’s biggest economies.

Federal Communications Commission Chairman Ajit Pai said Wednesday…


L.A. Times – Business

Coin Time Machine Estimates Profit From Crypto Investments You Could Have Made

April 18, 2019 |

Coin Time Machine Estimates Profit From Crypto Investments You Could Have Made

Cryptocurrency prices, which have seen a significant increase since the beginning of April, have again awoken FOMO emotions in the crypto space. If you’d like to know how much profit you would have made if you’d bought certain coins right before the spike, there’s a simple tool that will perform the remorse-inducing calculation for you.

Also read: Bitcoin Forest Offers AI-Based Predictions for Crypto Markets

Calculator Answers the Question ‘What if I had Invested?’

Coin Time Machine is an easy to use website that helps answer the question “What if I had invested in cryptocurrency?” It is one of many “FOMO” calculators that are enjoying renewed interest from potential investors. The online platform allows you to estimate what your profit would have been today if you had bought cryptocurrency for a certain amount of fiat on a specific date, or simply didn’t sell your holdings.

The website offers numerous options including major world currencies like the U.S. dollar, euro, Japanese yen, and also the national currencies of countries where cryptos are popular, such as the Turkish lira.

The website can check prices of a great number of cryptocurrencies, including all of the most popular coins. Select a coin and then set a past date in the calendar when you could have made the crypto investment.

Coin Time Machine Estimates Profit From Crypto Investments You Could Have Made

Most cryptocurrencies registered significant gains in April. Among those with the largest market cap, bitcoin cash led the pack when prices jumped. According to Coin Time Machine, if you bought $ 1,000 of BCH exactly a month ago, you would now have 6.15 BCH worth $ 1,919.50 at the time of writing.

The calculator lets you know the profit you’ve missed to make. In this case, it would have been $ 919.50 – that’s a 91.95% change. The website also displays a chart showing the price of purchase, which was around $ 162 on March 18.

If you need a reliable real-time data about the current prices and market valuations of multiple cryptocurrencies, you can always check the Satoshi Pulse market cap aggregator. Bitcoin.com also offers you the opportunity to buy BCH and BTC with Visa or Mastercard in USD and EUR.

What other FOMO calculators do you know of? Tell us in the comments section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to third party companies or any of their affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any third party content, goods or services mentioned in this article.


Images courtesy of Shutterstock, Coin Time Machine.


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can 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 Coin Time Machine Estimates Profit From Crypto Investments You Could Have Made appeared first on Bitcoin News.

Bitcoin News