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| August 19, 2018

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NBA Commish Adam Silver Lets Death Threat Sender Slide, Charges Dropped

August 18, 2018 |

The man who threatened to kill Adam Silver over an NBA roster spot just caught a huge break … and he has the commish to thank for it. 27-year-old David Pyant was arrested and charged with aggravated harassment back in May after sending an email to…

Norwegian Mining Company Receives Bomb Threat in Escalating Noise Complaint

August 17, 2018 |

Norwegian Mining Company Receives Bomb Threat in Escalating Noise Complaint

Kryptovault, a Norwegian company specializing in “large-scale cryptocurrency mining and data center operations,” has recently received a bomb threat amid escalating noise complaints pertaining to its virtual currency mining.

Also Read: Funds Frozen, Account Closed: UK Banks Target Cryptocurrency Owners

Norwegian Cloud Mining Company Receives Bomb Threat

Norwegian Mining Company Receives Bomb Threat in Escalating Noise ComplaintNorwegian mining and data center company, Kryptovault, has reportedly received a bomb threat amid intensifying complaints of noise pollution. Kryptovault currently operates facilities in the Norwegian cities of Follum, Honefuss, and Dale.

The threat received stated: “This is sabotage. If you are expanding crypto mining and filling the country with noise, then you will be sabotaging the peace. I am threatening to send you some explosives.”

Gjermund Hagesaeter, the managing director of Kryptovault, told local media that the company immediately informed police of the threat. “The threat has been reported to the police and these are also taking the whole issue very seriously indeed. We have also asked the police to assess whether any further action needs to be taken. The facility at Follum is located in a fenced area, so it would be difficult for any intruder to gain access but the one at Dale is far more accessible so we have warned everyone to be on their toes,” Mr. Hagesaeter said.

Kryptovault Employees Encouraged to Be Vigilant

The managing director emphasized that Kryptovault’s employees had been instructed to be extra vigilant in conducting their operations, especially those based in the company’s Dale facility. If any abnormal behavior is observed at the site, the company’s employees have been instructed to evacuate.

Lisbeth Edvardsen, the acting investigator at Honefoss police, has indicated that local authorities are taking the threat seriously, and are currently looking into the matter to assess what measures the police may take to respond to the threat.

The threat comes just days after the Common Council of the city of Salamanca, New York voted unanimously to pass a law that imposes “a moratorium on commercial cryptocurrency mining operations in the city.”

What is your reaction to the bomb threat received by Kryptovault? Join the discussion in the comments section below!

Images courtesy of Shutterstock

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The post Norwegian Mining Company Receives Bomb Threat in Escalating Noise Complaint appeared first on Bitcoin News.

Bitcoin News

Ocasio-Cortez’s vision to turn Uncle Sam into Santa Claus is impractical but poses a threat we can’t ignore

August 10, 2018 |

Democratic socialist Alexandria Ocasio-Cortez – the New York congressional candidate many in the media have fallen in love with – was handed rejection when many of the candidates she endorsed lost in Tuesday’s elections. But her radical and totally impractical ideas continue to pose a threat.
FOX News

Survey: Crypto Exchanges Want Regulation but See Strict Policies as a Threat

July 31, 2018 |

Survey: Crypto Exchanges Want Regulation but See Strict Policies as a Threat

The majority of crypto exchanges want to see the industry regulated, although many consider excessive regulation to be the biggest threat, according to a new study. A third of the platforms in the poll also fear a market crash that could suddenly devalue digital assets. A fifth of the exchanges dislike anonymity.    

Also read: Huobi Informs Users on Decision to Launch P2P Trading in India

Crypto Exchanges Want Regulation

Survey: Crypto Exchanges Want Regulation but See Strict Policies as a ThreatA new study reveals that a sizable majority of crypto exchanges, 88%, would like to see regulation in place that can help the rapidly developing industry mature, and a third of the companies trading coins say the greatest threat comes from the perceived criminality of the sector. 17% of the polled platforms, however, believe overly strict regulation is the biggest threat to cryptocurrency and its wider adoption. Another 40% say lifting the barriers to funding crypto activities by banks will improve the acceptance of cryptocurrencies.

The survey has been conducted by a Lithuania-based payment company, Mistertango, which has contacted 24 exchanges across Europe, Asia, South America and Oceania, with a total daily trading volume of over $ 100M USD. The authors have attempted to assess the attitudes towards regulation, anonymity and the maturation of the crypto market. Gabrielius Bilkštys, Business Manager at Mistertango, commented that “The industry is crying out for regulation and the response from partners has shown this”. He also said:

Uncertainty is the biggest fear, and regulation is critical to provide the stability we need. Unfortunately, there is no regulatory consensus – worldwide or otherwise. For cryptocurrencies to move towards the scale and ubiquity possessed by fiat currency, it needs cohesive, considered and comprehensive regulation. Thus, regulation will be a catalyst, not an inhibitor to the crypto market’s development.

According to Oleksandr Lutskevych, CEO of crypto exchange CEX.IO, the assumption that crypto companies want to avoid a regulated environment is far from the truth. Quoted in a press release, he noted that “Until now, the industry has not had its say on regulation […] The industry is all too aware that regulation will lead to the maturity of the market and ensure businesses remain free from suspicion of involvement with illegitimate uses of cryptocurrency.”

Survey: Crypto Exchanges Want Regulation but See Strict Policies as a Threat

A Call for Banks to Lift Barriers

Survey: Crypto Exchanges Want Regulation but See Strict Policies as a ThreatAt the same time, a very import development that crypto companies would like to see is a change in the attitudes of the traditional financial institutions. Almost 40% of the participants in the study have suggested that this would have the biggest impact on the wider acceptance of cryptocurrency, followed by about 30% who gave priority to increased but also positive regulation.

A key finding in the poll is that trading platforms generally favor the implementation of know your customer and anti-money laundering policies, despite the fact that precisely anonymity has drawn a lot of people to the crypto space. 55% of the questioned exchanges said crypto users should be subject to KYC and AML checks, similar to those employed by the providers of traditional financial services. A fifth of the respondents said that anonymity and the lack of transparency was the biggest threat.

Another important figure in the survey shows that a third of the respondents fear a significant crypto market crash that could unexpectedly devalue cryptocurrencies. They consider the possibility of such an event to be the major threat for the industry and the space, in general.

What are your thoughts on the findings in the study? Let us know in the comments section below.

Images courtesy of Shutterstock.

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The post Survey: Crypto Exchanges Want Regulation but See Strict Policies as a Threat appeared first on Bitcoin News.

Bitcoin News

GOP Senator on Latest Trump Threat: ‘Let’s Hope Not’

July 29, 2018 |

With President Trump tweeting about a possible government shutdown, Republican Sen. Ron Johnson appeared Sunday on CBS’s Face the Nation with a little pushback: “I certainly don’t like playing shutdown politics,” he says, per the Hill . “I don’t think it’d be helpful, so let’s try and avoid it.” Does he…

Trump ups tariff threat and slams the Fed and big trading partners

July 20, 2018 |

President Trump has indicated that he’s willing to hit every product imported from China with tariffs and again criticized the Federal Reserve, as well as some of the United States’ biggest trading partners.

The comments sent U.S. markets sliding early Friday.

In a taped interview with the business…

L.A. Times – Business

After Trump’s new tariff threat, China may either have to blink or widen the trade war

July 12, 2018 |

President Trump’s latest threat of tariffs against China, on imports totaling roughly $ 200 billion, substantially raises the stakes for Beijing and could push the two countries’ trade war beyond the tit-for-tat duties seen so far.

China’s Commerce Ministry said Wednesday that the nation would act…

L.A. Times – Business

The other North Korea threat — that almost never gets talked about

July 7, 2018 |

North Korea, struggling under crippling international economic sanctions, uses arms deals as an important source of millions of dollars in cash.
FOX News

German carmakers seek to defuse Trump threat on auto imports

July 5, 2018 |

German auto-industry leaders are making the case to the Trump administration that a trade feud with the U.S. will cause irreparable damage to global business.

The chief executive officers of Volkswagen AG, Daimler AG and BMW AG met Wednesday with the U.S ambassador to Germany to discuss looming…

L.A. Times – Business