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Trump says he appreciates Mueller’s statement disputing BuzzFeed report

January 19, 2019 |

President Trump on Saturday said he appreciates FBI Special Counsel Robert Mueller releasing a statement disputing parts of a BuzzFeed news report claiming Trump directed Michael Cohen to lie to Congress about the timing of discussions over a proposed Trump Tower project in Moscow.
FOX News

Facebook removes bogus accounts it says had ties to state-sponsored Russian news service

January 18, 2019 |

Facebook Inc. said it disrupted two campaigns run by fake accounts with links to Russia and its Sputnik news service as it continues to grapple with misinformation on its platform.

Facebook removed 289 pages and 75 accounts it says were engaged in “inauthentic behavior” and targeted Facebook members…


L.A. Times – Business

Hungry for cash, Musk says company can no longer afford free Supercharging for new buyers

January 18, 2019 |

Tesla needs more cash. To help keep what it’s got from flying out the door, Chief Executive Elon Musk on Wednesday announced the end of a customer referral program that offers free Supercharging to new buyers.

“It’s adding too much cost to the cars, especially the Model 3,” Musk said in a tweet…


L.A. Times – Business

Pompeo to meet with North Korean envoy as possible second Kim-Trump summit looms, official says

January 18, 2019 |

Secretary of State Mike Pompeo will meet with North Korean representative Kim Yong Chol in Washington on Friday, as speculation continues over the possibility of a second meeting between President Trump and North Korean Leader Kim Jong Un, a U.S. official told Fox News on Thursday.
FOX News

No Reason to ‘Bury’ Cryptocurrencies, Russian PM Medvedev Says

January 17, 2019 |

Last year’s falling prices are not a good enough reason to “bury” cryptocurrencies, Russian Prime Minister Dmitry Medvedev said during a high-level economic conference. He believes Russia should carefully follow the developments around digital coins.  

Also read: Clickbait Media Uses Bitcoin and Russia to Pump Headlines Again

Russia Should Watch Carefully

Medvedev thinks the Russian Federation should watch the situation with cryptocurrencies, whose rates “showed extreme volatility” in an extremely bearish 2018. The value of some digital assets fell five-fold, the head of the Russian government noted during his appearance at the annual Gaidar economic forum. Quoted by Tass, he further elaborated:

This, of course, is not a reason to bury them. As with any social phenomenon, any economic institute, there are both bright sides and dark sides.

That’s why the Chairman of the Russian Council of Ministers says Russia should simply carefully follow what’s happening with cryptocurrencies.

Digital financial assets, a term applied to cryptocurrencies in official Russian documents, remain unregulated in the country. However, Medvedev’s comments come just weeks before the lower house of the Russian parliament, the State Duma, is expected to review on second reading a package of draft laws aimed at establishing order in the crypto industry.

No Reason to 'Bury' Cryptocurrencies, Russian PM Medvedev Says
Dmitry Medvedev, Prime Minister of Russia

Three bills were voted on first reading in the Duma in last May – “On Digital Financial Assets,” “On Attracting Investments Using Investment Platforms,” and “On Digital Rights.” Their final adoption was postponed multiple times but is now among the priorities for the spring session of the house. The drafts are part of a long list of bills designed to regulate different aspects of the digital economy.

‘Why Regulate What We Don’t Understand’

The Gaidar forum is an international event which is held at the Russian Presidential Academy of National Economy and Public Administration (Ranepa). Each year, it brings together economists, scientists, officials, political figures, and businessmen from around the world to discuss current trends in the socio-economic and political development of Russia. The country’s business environment and investment climate as well as the prospects for its integration in the global economy are some of the major topics of the conference.

No Reason to 'Bury' Cryptocurrencies, Russian PM Medvedev Says
Herman Gref, CEO of Sberbank

Russia does not need excessive regulation in the digital economy sector, said Sberbank CEO Herman Gref who was among this year’s participants in the forum. During a session devoted to digitalization, he pointed to the EU as bad example, noting that the General Data Protection Regulation (GDPR) directive has stopped progress in the fields of data technologies and artificial intelligence in Europe.

Gref, who was Russia’s minister of economic development and trade between 2000 and 2007, also noted there’s no full understanding in the country about what should be regulated in the digital sphere. Quoted by Russian media, he emphasized:

There is no need to hurry with regulation. It is not necessary to regulate what we still don’t fully see and understand.

Тhe prominent Russian banker warned that overregulation could hurt the development of new technologies in his country. Gref also said he favors the approach adopted by China and the United States where, in his words, no tight regulation has been applied yet.

During his speech, Gref called on the Russian government to refrain from introducing state monopolies in the development of new technologies and digital ecosystems. “Non-competitive models lead to non-competitiveness of any business model,” concluded the chief executive of the largest Russian bank, which is a state-owned company.

What are your expectations about future Russian policy toward cryptocurrencies? Tell us in the comments section below.


Images courtesy of Shutterstock.


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The post No Reason to ‘Bury’ Cryptocurrencies, Russian PM Medvedev Says appeared first on Bitcoin News.

Bitcoin News

China’s Confidence Rises in Its Military, U.S. Says

January 16, 2019 |

China’s military ambitions have given its leaders growing confidence about their capabilities, according to a new U.S. assessment that warns that Beijing may believe it can wage a regional conflict while maintaining its expanded global presence.
WSJ.com: What’s News Asia

Kenya President Says 14 Killed in Hotel Attack

January 16, 2019 |

Kenyan President Uhuru Kenyatta says 14 people were killed in Tuesday’s attack on a hotel complex in the capital and the operation to neutralize the attackers is now over. Kenyatta did not say Wednesday how many attackers were involved. He urged Kenyans to “go back to work without fear,” saying…
Newser

Cashshuffle Developer Says Privacy Project Nears Completion

January 16, 2019 |

Cashshuffle Developer Says Privacy Project Nears Completion

One of the Cashshuffle development team contributors, Josh Ellithorpe, revealed on Jan. 14 that the BCH-focused privacy shuffling protocol is near completion. The developers are planning to run a security audit on the code and have launched a fundraiser on the Bitbacker.io platform to help secure funding for the audit.

Also read: Crypto Luminary Impersonation Scammers on Social Media Raked in Millions in 2018

Cashshuffle Crowdfunds Security Audit on Bitbacker.io

Cashshuffle Developer Says Privacy Project Nears CompletionThe Cashshuffle protocol is an open source project being developed by the Electron Cash programmers and other well-known BCH developers. Cashshuffle is a client-server mixing application that allows servers to coordinate with users in order to shuffle bitcoin cash (BCH) UTXOs. After the coins are shuffled it is difficult for law enforcement and blockchain surveillance entities to track coin movements. News.Bitcoin.com has reported on the project’s roadmap on multiple occasions, and the project is nearing completion according to Cashshuffle contributor Josh Ellithorpe. A few hours ago, Ellithorpe launched a Bitbacker.io fundraiser to help raise BCH for the security check. So far there’s a slew of people who have donated $ 5-10 increments of BCH over the last 24 hours.  

“Getting ready for the Cashshuffle security audit from Kudelski Security — Can’t wait to finally release a mature privacy solution for BCH,” reads Ellithorpe’s fundraiser post.

The Cashshuffle concept was first announced back in 2017 and has seen steady development since then. Initially, there was the pre-release version launch and people experimenting with the plugin for the BCH wallet Electron Cash. “Privacy and fungibility go hand in hand and are vital for cryptocurrency — free people living in a free society should have a right to privacy without fearing the state peering into their personal finances,” Electron Cash developer Jonald Fyookball told news.Bitcoin.com at the time. Once the funds are raised, Ellithorpe believes Kudelski’s audit may take anywhere between three weeks to a month to finish.

Cashshuffle Developer Says Privacy Project Nears Completion
The free and open source protocol has its own website, Cashshuffle.com, which hosts the current plugin repository, the Cashshuffle server specification, and other documentation.   

Cashshuffle and Protocols Like It Will Increase Privacy

After the audit and a further code polish, the Cashshuffle protocol will likely become a default installation on the Electron Cash wallet, in contrast to the plugin available today, and it may see the light of day on mobile versions of the light client as well. The Cashshuffle team has been upfront about the project’s progress and development since the protocol’s plugin was launched. Last summer Ellithorpe and Fyookball detailed that Coinshuffle testing was going very well and they couldn’t wait to release it to the public.

Cashshuffle Developer Says Privacy Project Nears Completion
The Cashshuffle plugin.

At the time developers were working on solving a critical issue with cryptocurrency-centric tumbling and shuffling platforms — liquidity. Cashshuffle engineers designed a proof-of-concept automated liquidity bot that could provide shuffles if insufficient participants are online. The team had also discussed developing some kind of incentivization program similar to the join market protocol. Further, because the shuffle platform is open source, the Cashshuffle protocol can be implemented into other BCH light clients like the Bitcoin.com Wallet. Lots of Bitcoin Cash community members were thrilled to hear about the fungibility concept getting closer to being finished. A few BCH supporters also commented on Ellithorpe’s Bitbacker page.  

“Love fungibility features and building onchain — Thank you guys, keep up the great work,” the anonymous person wrote, while donating $ 5 in BCH to the security audit fundraiser.

What do you think about the Cashshuffle developers planning a security audit for the platform? Let us know what you think about this project in the comments section below.


Images credits: Shutterstock, Electron Cash, Cashshuffle website.


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The post Cashshuffle Developer Says Privacy Project Nears Completion appeared first on Bitcoin News.

Bitcoin News

CNN

Saudi teen in Canada says she’s lucky to have escaped

January 15, 2019 |

Rahaf Mohammed, the Saudi teenager who fled her family and was granted asylum in Canada, said Tuesday that she was fortunate to have escaped.
CNN.com – RSS Channel – Regions – Americas

Carol Channing, legendary Broadway actress, dies at 97, publicist says

January 15, 2019 |

Carol Channing, the legendary Broadway actress who portrayed Dolly Levi in “Hello Dolly!” has died, her publicist said in a statement Tuesday. Channing was 97.
FOX News