Rights Archives -
Two giants of the video game industry — Santa Monica’s Activision Blizzard and Washington-based game developer Bungie — are getting a surprise divorce, with just one year left to go on a 10-year contract inked in 2010.
Bungie announced the split in a blog post Thursday afternoon, and both companies…
Florida election official Brenda Snipes’ constitutional rights violated when she was suspended, judge rulesJanuary 10, 2019 | dailybusinessnews
Former Broward County elections supervisor Brenda Snipes may be getting redeemed, as a Florida federal judge ruled Wednesday that former Gov. and current U.S. Sen. Rick Scott violated her constitutional rights when he suspended and “vilified” her without first allowing her to make her own case.
When reporting on cryptocurrency, the mainstream media often focuses on price drops relating to USD. But a human rights activist reminds the general public that Bitcoin is not another commodity or stock on the market, rather, a tool for liberation.
Bitcoin is a Tool for Freedom, Not Speculation
Alex Gladstein, Chief Strategy Officer at the Human Rights Foundation, has published an article titled ”Why Bitcoin Matters for Freedom” in Time Magazine. In it he explains how cryptocurrency can help people retake control of their lives from oppressive regimes.
“Speculation, fraud, and greed in the cryptocurrency and blockchain industry have overshadowed the real, liberating potential of Satoshi Nakamoto’s invention,” writes Gladstein. “For people living under authoritarian governments, Bitcoin can be a valuable financial tool as a censorship-resistant medium of exchange.”
The article focuses on the current situation in Venezuela as the prime example of its thesis. It details how Venezuelans are using Bitcoin to evade runaway hyperinflation and harsh capital controls. It also shows how after greatly devaluing citizens’ savings, the Maduro regime is using the banking system to confiscate much of the money sent from abroad by people that want to help their families back home.
Taking Bitcoin From 40 Million Users to 4 Billion
Beyond Venezuela, the article notes how Bitcoin can help citizens suffering from inflation in Zimbabwe, those who want to avoid mass surveillance in China, NGOs that have their bank accounts frozen in Russia, and refugees without access to basic banking services. It also explains that cash fiat is used without government permission, but can be made virtually useless by hyperinflation and that many countries are moving to become cashless societies – thus strengthening the need for cryptocurrency.
“Less than 1% of the world’s population — no more than 40 million people — have ever used Bitcoin. But, according to the Human Rights Foundation, more than 50% of the world’s population lives under an authoritarian regime,” writes Gladstein. “If we invest the time and resources to develop user-friendly wallets, more exchanges, and better educational materials for Bitcoin, it has the potential to make a real difference for the 4 billion people who can’t trust their rulers or who can’t access the banking system. For them, Bitcoin can be a way out.”
When will we see widespread Bitcoin adoption by people living under authoritarian regimes? Share your thoughts in the comments section below.
Images courtesy of Shutterstock.
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The post Billions Living Under Authoritarian Regimes Need Bitcoin Says Human Rights Activist appeared first on Bitcoin News.
A human rights lawyer detained three years ago in China finally got his day in court Wednesday, but not even his wife knows how it went. The proceedings for Wang Quanzhang, accused of subversion, were closed to the public, reports the New York Times , and police would not even let…
Mattel Inc. shares’ losing streak continued Monday after the toymaker lost the licensing rights for certain DC Comics products, including boys’ action toys, and Goldman Sachs analysts cut their estimates for the company.
Toronto-based Spin Master Corp. will be the new licensee for DC in the boys’…
The home of the Los Angeles Galaxy soccer franchise will get its third name next season since opening just 15 years ago.
Hospital operator Dignity Health will take over naming rights of the StubHub Center in a 10-year deal announced Thursday with stadium owner AEG. The stadium will now be called…
The judges at the Greek supreme court have been accused of violating Alexander Vinnik’s rights. The alleged Btc-e operator has been detained in Greece since July last year. The hearing against his extradition to France has also reportedly been postponed.
Alexander Vinnik, who allegedly operated the former cryptocurrency exchange Btc-e, has been detained in Greece since July last year. He was accused by the U.S. of laundering $ 4-9 billion through the exchange.
His attorney, Zoe Konstantopoulou, told a court session on Monday that the judges of the Greek supreme court “have blatantly breached the rights” of the Russian national, Tass wrote. The session was to appeal against the ruling of Vinnik’s extradition to France.
Konstantopoulou was quoted as saying: “You have violated the rights of Alexander Vinnik, who hasn’t received an official translation of the French request by November 17 … those documents haven’t been translated into Russian, they have no seals and signatures … You only employ this practice towards Vinnik because he is a Russian. You wouldn’t do this with any Greek, or EU citizen.”
A Sputnik correspondent reported from the court on Monday that the hearing for the appeal of Vinnik’s extradition to France has been postponed until Nov. 29.
The Charges and Extradition Requests
Vinnik was detained in Greece on July 25 last year on a warrant issued by the U.S. Department of Justice (DOJ). A grand jury in the Northern District of California indicted Vinnik and Btc-e for operating an unlicensed money service business, money laundering, and related crimes. “The indictment alleges that Vinnik obtained funds from the hack of Mt. Gox and laundered those funds through various online exchanges, including his own Btc-e and a now defunct digital currency exchange, Tradehill, based in San Francisco, California,” the DOJ wrote.
After Vinnik was detained, Russia sought his extradition. France also sent a similar request in June and Greece is pressing criminal charges against him, Tass conveyed. In May, he allegedly confessed to charges of fraud and money laundering.
Vinnik, however, told the news outlet that he was only a technical expert at Btc-e. “I gave some advice to that platform. That’s not a crime, and the exchange itself is not a crime, it is just a platform for exchanging cryptocurrency,” he claims.
Furthermore, the New York Times reported that Vinnik is accused of operating Btc-e at a time when American prosecutors say “hackers used such funds to finance the electronic break-in at the Democratic National Committee and other targets.”
What do you think of Vinnik’s case? Let us know in the comments section below.
Images courtesy of Shutterstock, the DOJ, AP Photo/Petros Giannakouris, and AFP/Sakis Mitrolidis.
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The post Greek Court Accused of Violating the Rights of Alleged Btc-e Operator, Postpones Hearing appeared first on Bitcoin News.
A U.N. committee on human rights approved a resolution Thursday urging Iran to stop its widespread use of arbitrary detention and expressing serious concern at its “alarmingly high” use of the death penalty.
It would typically be pretty expensive to option a Stephen King story. But students at the Blaenau Gwent Film Academy in Wales, UK, just optioned one for a single dollar. Alfie Evans, 16, and Cerys Cliff, 14, are adapting “Stationary Bike,” from King’s collection Just After Sunset , into a script,…