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Security forces of the rival Palestinian governments routinely use torture and arbitrary arrests, among other tactics, to quash dissent by peaceful activists and political rivals, Human Rights Watch said Tuesday.
By July of 2019, Rep. Ro Khanna (D-Fremont) aims to see the House of Representatives pass landmark legislation shielding consumers from the onslaught of data breaches and the anxiety and confusion over the misuse of their personal information on the web.
To nudge such legislation along, Khanna…
Cardi B playing Coretta Scott King will be the most unforgettable and hilarious thing you see today — it will also be the most inappropriate. Guaranteed. Cardi stepped into the role of Martin Luther King Jr.’s late wife for a skit called “Real…
A prominent leader of Cambodia’s land rights movement and three female activists imprisoned with her were freed Monday under a royal pardon.
On Wednesday, August 15, blockchain firm and mining organization Coingeek, led by entrepreneur Calvin Ayre, announced that the company has signed a deal with Canada-based Squire Mining Limited. Coingeek details the company will have exclusive rights to Squire’s new ASIC chips and mining rigs that mine bitcoin cash (BCH) and a variety of other cryptocurrencies.
Coingeek Partners With Squire Mining to Deploy Next-Generation ASIC Hardware
News.Bitcoin.com recently reported on Squire Mining Limited (CSE: SQR) securing $ 25,500,000 CAD (~$ 19.5 million USD) in private placement financing and its exclusive distributor agreement. According to the company, Squire plans on using the funds to deploy a next-generation 10nm application-specific integrated circuit (ASIC) and mining rig. Following this announcement, Coingeek revealed the company has entered into a partnership with Squire. The deal will allow Coingeek the right to market, promote, solicit, and sell the new ASIC semiconductors and mining rigs using the Coingeek logo and brand.
“This next generation equipment is being designed with a projected hashrate that is expected to be significantly faster while utilizing less power than the leading crypto-mining equipment currently available on the market today,” Coingeek explains.
Moreover, Squire has also entered into an exclusive distributor agreement with associates of Bitcoin BCH’s largest mining company, Coingeek.com, which will be granted the exclusive right to market, promote, solicit, sell and distribute Squire’s new ASIC chips and mining rigs to Bitcoin BCH and other altcoin miners throughout the world.
The Firm Invites All Enterprise Level Miners to Attend Coingeek Week to See the 10nm Chip Designed by Peter Kim
According to Squire, the next-generation 10nm chips will be developed by well-known semiconductor and system architect Peter Kim. Squire signed a letter of intent with Kim on March 14 which includes the creation and commercialization of next-generation 10nm ASIC chips.
Coingeek plans to showcase the new mining hardware this November during the company’s next conference in London. The firm details that initial sales will be geared towards BCH miners because bitcoin cash has incredible utility as digital money that scales and allows applications that use microtransactions to thrive.
“We will have a booth at the Coingeek.com Week Conference during the last week of November,” Coingeek notes.
All enterprise level miners are invited to come to this event to meet with us and discuss how this product can improve your business.
What do you think about Coingeek partnering with Squire in order to produce next-generation ASIC chips? Let us know your thoughts on this subject in the comments section below.
Images via Shutterstock, Coingeek, and Pixabay.
At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up 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.
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Civil unrest in Nicaragua that began in mid-April has left at least 317 people dead, according to the Inter-American Commission on Human Rights.
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If you’ve ever thought of acquiring a digital, virtual citizenship, there are a couple of new options on the table – a ‘Satoshi Nakamoto Republic’ and a ‘Soviet Land’ on blockchain, among others. True, ‘crypto passports’ often come with coin offerings that you might not necessarily be interested in — But the blockchain republics also promise social justice, new or forgotten models of governance, voting rights for every citizen.
Also read: This ICO Project Wants to Detokenize Itself
‘Soviet Land’ to Issue its Own Crypto Ruble
The idea of a crypto state, a blockchain republic, is not new but the marketing strategies for selling it are changing all the time. The authors of the latest such project have decided to attract “citizens” by invoking nostalgic memories of a state whose founding principles were quite different from the political foundations of the crypto-space. The blockchain-based “Soviet Land” has been recently proclaimed in the Russian Federation, the successor of the Soviet Union which was dissolved in 1991. Almost three decades later, many Russians regret the loss of the safety and security of the Soviet era as political freedom didn’t bring economic prosperity for all.
The Soviet Land is meant to be a digital recreation of the USSR, with its own constitution, citizenship, and social security system. The project is targeting people born in the former Soviet Union and their children. The blockchain USSR has its own cryptocurrency, the Soviet Land Crypto Ruble (SLCR). The SLCR token is supposed to underpin all transactions in the Soviet Land and should be used in payments, both “international” and between legal entities and private individuals within the virtual state.
There’s also an incentive for new citizens – the founders of the blockchain state promise to compensate all people who had deposits in the USSR’s savings bank with funds in the “national cryptocurrency.” The developers, however, have still to answer an important question – can the crypto rubles be exchanged for fiat and withdrawn at the holder’s request.
According to Soviet Land’s creator, Andrey Milenin, the state aims to provide its citizens with the opportunity to restore social justice and participate in government. There’s one little problem though – he claims the blockchain USSR will be based on a “centralized system of individual government.” And the question is, how would a blockchain state, decentralized by default, function under a system of centralized management?
Blockchain Republic to Erect Statues of Satoshi
Another proposal in the category of crypto/blockchain states is the Satoshi Nakamoto Republic. The project will soon conduct an Initial Coin Offering (ICO) to raise funds it wants to use to finance some ambitious plans, including the purchase of an island where a Satoshi Nakamoto City will be built and the “virtual decentralized blockchain-republic” will be founded.
The Ukraine-based startup has included in its mission a commitment to erect physical and virtual monuments of the creator of Bitcoin all over the world and to install in its planned city with the same name “the biggest (real) monument […] named in honour of Satoshi Nakamoto.”
The company has already announced its first project – an initiative to erect a monument of Satoshi in Ukraine’s capital, Kiev. The plan is to place the figure right on the spot where the statue of Vladimir Lenin, founder, and leader of the Soviet Union, used to stand before it was toppled down and destroyed by protesters in the riotous winter of 2013. A virtual Satoshi monument, a digital statue will also be visible via a mobile app.
One of the major goals of the Satoshi Nakamoto Republic is the “creation of a new model of governance, in which all citizens have the right to vote, which is fixed on blockchain” to ensure the “impossibility of falsifications.” Besides citizens, ambassadors and congressmen are also wanted. The virtual republic will issue, sell and use its own SNRC token.
Russia’s Central Bank Warns of ICO Pyramids
And while the fate and the ultimate goals of these projects are still unclear, the Russian Central Bank has reported a new trend in crime related to financial pyramids. Russia and the other countries from the former Eastern Bloc had bad experiences with them in the 90s, and their number is growing again. The CBR now claims that 80 such schemes, using cryptocurrency to attract potential investors, have been discovered since the beginning of this year.
A representative of the bank recently said that the minimum investment in such fraudulent schemes is currently between 80,000 and 100,000 rubles (~$ 1,250 – $ 1,500 USD) which is considerably more than in the case with “traditional” financial pyramids – 30,000 to 50,000 rubles (~$ 500 – $ 800). Many of these projects are presented as Initial Coin Offerings (ICOs), the bank official noted.
A report released earlier this year revealed that ICO startups with Russian participation have raised $ 310 million dollars before the end of last year. According to another study, the Russian Federation has hosted six of the top 100 ICO projects. However, an academic research published in July showed that less than half of all ICOs survive the first four months after the token sale.
What do you think about the so-called crypto/blockchain states? Share your opinions in the comments section below.
Images courtesy of Shutterstock, Satoshi Nakamoto Republic.
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The post Blockchain States Lure Citizens with Political Nostalgia and Voting Rights appeared first on Bitcoin News.
Civil rights groups and lawmakers express concerns about a TSA program that tracks domestic travelersJuly 31, 2018 | dailybusinessnews
Civil rights groups and lawmakers are demanding that the Transportation Security Administration explain a program that tasks federal air marshals at airports and on domestic flights to track and monitor Americans who have committed no crimes.
The program, called Quiet Skies, was first reported…
Civil rights icon and Georgia Rep. John Lewis is in an Atlanta-area hospital after falling ill on a flight to his home state on Saturday, reports WSB-TV . “There is no cause for alarm,” a spokeswoman told ABC News . “He will be fine. He’s resting comfortably and expects to be released…