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| November 15, 2018

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Probe Archives -

Police Probe Motive in Southern California Bar Shooting

November 9, 2018 |

A five-year Marine Corps veteran opened fire at a crowded country-music bar in Thousand Oaks., Calif., killing 12 people and injuring others before shooting himself, authorities said.
WSJ.com: What’s News Asia

Indonesia Crash Probe Zeros In on Faulty Flight-Control Gear

November 8, 2018 |

Indonesian investigators said a malfunctioning flight-control system fed widely divergent readings to the pilot and co-pilot during the second-to-last flight of the Lion Air jet that plummeted into the sea last week.
WSJ.com: What’s News Asia

Police Probe Alleged Anti-Semitic Hate Crimes by U.K. Labour Party Members

November 3, 2018 |

British police are investigating alleged anti-Semitic hate crimes by purported members of the main opposition Labour Party, the latest escalation of the party’s long-running struggle against accusations of anti-Jewish bias.
WSJ.com: What’s News Europe

Regulations Roundup: Ebang IPO Challenged by Probe, Plattsburgh Passes Mining Guidelines

November 3, 2018 |

Regulations Roundup: Ebang IPO Challenged by Criminal Probe, Plattsburgh Passes New Mining Guidelines

In recent regulatory news, a criminal investigation may prevent Ebang from conducting an initial public offering, Plattsburgh has passed new regulations governing commercial mining operations, and Ron Paul has endorsed precious metals and cryptocurrencies as a viable alternative to fiat currency.

Also Read: Another Token Project Launches on the Bitcoin Cash Network

Criminal Accusations Pose Hurdle to Ebang IPO

Regulations Roundup: Ebang IPO Challenged by Probe, Plattsburgh Passes Mining GuidelinesReports are alleging that major mining manufacturer Ebang Communications has become embroiled in a criminal investigation that may pose a challenge to the company’s initial public offering intentions.

The investigation pertains to a transaction valued at 524.9 million Chinese yuan (approximately $ 76.18 million) between Ebang and wealth management company Yindou.com. Between March and April, it is alleged that Ebang transferred 380 million yuan (roughly $ 55.15 million) back to Yindou, leaving 144.9 million yuan (approximately $ 21 million).

According to Sina Finance, Ebang is accused of receiving the remaining funds in exchange for potentially laundering money, inflating sales revenue, or collecting a fictitious sales contract in order to bolster the company’s chances at securing its attempted public listing on the Hong Kong Stock Exchange (Hkex).

According to a rough translation, Sina asserts that investors “submitted questioning material to Hkex to prevent Ebang International from listing in Hong Kong” on Oct. 12.

Plattsburgh Council Passes New Regulations for Commercial Miners

Regulations Roundup: Ebang IPO Challenged by Probe, Plattsburgh Passes Mining GuidelinesThe Plattsburgh Common Council has passed regulations mandating new noise and fire safety requirements for commercial mining facilities. The legislation was unanimously passed last week.

According to Sun Community News, the new guidelines state that “no mining facility can produce noise above 90 decibels that can be heard further than 25 feet from the exterior of the building,” and mandate that miners apply for special use permits.

The new rules will apply to miners operating in the City of Plattsburgh, New York in 11 months time – once the current 18-month moratorium on commercial mining in Plattsburgh has been lifted.

Ron Paul Advocates Adoption of Precious Metals and Cryptocurrencies

Regulations Roundup: Ebang IPO Challenged by Probe, Plattsburgh Passes Mining GuidelinesRetired American politician Ron Paul recently published an article describing the Federal Reserve as “crazy.”

The article asserts that “government-created fiat currency” is “anything but stable,” arguing that “Central banks constantly increase and decrease the money supply in an attempt to control the economy by controlling the interest rates.” Paul argues that such policies “create an illusion of prosperity,” however when “reality catches up… there is a recession or worse, leading the Fed to start the whole boom-and-bust cycle over again.”

Paul asserts that “market money” is a viable alternative to fiat money, advocating for the passing of the “Audit the Fed bill,” which would allow “people to use alternative currencies, and exempting all transactions in precious metals and cryptocurrencies from capital gains taxes and other taxes.”

Do you think Ebang’s initial public offering will be halted? Share your thoughts in the comments section below! 


Images courtesy of Shutterstock, ebang.cn


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The post Regulations Roundup: Ebang IPO Challenged by Probe, Plattsburgh Passes Mining Guidelines appeared first on Bitcoin News.

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Probe Launched After Babies Born Missing Arms in France

November 2, 2018 |

Some two dozen infants in rural areas of France have been born missing arms and hands since 2000, and now public health officials in that country have launched an investigation to uncover the cause of the defects. Recently, 11 new cases of such birth defects occurring in infants born in…
Newser

CNN

Ku Klux Klan robes in Northern Ireland spark hate crime probe

October 29, 2018 |

Eight individuals dressed in Ku Klux Klan uniforms posed for photographs outside an Islamic center in Northern Ireland on Sunday evening, sparking condemnation from politicians and Muslim leaders.
CNN.com – RSS Channel – World

Tesla Faces Deepening Probe Over Whether It Misstated Production Figures

October 28, 2018 |

Tesla, with a fresh civil fraud settlement now behind it, faces a new legal problem: a deepening criminal investigation.
WSJ.com: US Business

Tesla Faces Deepening Probe Over Whether It Misstated Production Figures

October 27, 2018 |

Tesla, with a fresh civil fraud settlement now behind it, faces a new legal problem: a deepening criminal investigation.
WSJ.com: What’s News Asia

Grassley Asks DoJ to Probe Kavanaugh Accuser

October 25, 2018 |

Senate Judiciary Committee Chairman Chuck Grassley on Thursday asked for a criminal investigation into whether Julie Swetnick and her attorney, Michael Avenatti, conspired to provide false statements to Congress and obstructed a congressional investigation during the confirmation process for Supreme Court Justice Brett Kavanaugh, the AP reports. Grassley wrote in…
Newser

FBI Personnel Recalled From Asia Amid Probe Into Prostitution, Partying

October 12, 2018 |

Several FBI employees have been recalled to Washington from cities in Asia in recent months as the agency investigates allegations related to parties and interactions with prostitutes, according to people familiar with the matter.
WSJ.com: What’s News Asia