Bitcoin prices were reeling on Thursday, following reports that South Korea’s government plans to ban cryptocurrency trading.
South Korea’s Justice Minister Park Sang-ki said the government was preparing a bill to ban trading of the virtual currency on domestic exchanges, Reuters reported.
“There are great concerns regarding virtual currencies and the justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges,” Park said told a news conference, according to Reuters.
But, after bitcoin collapsed, a few hours later South Korea’s presidential office said a ban on the country’s virtual coin exchanges had not yet been finalized, though it was one of the measures being considered.w
In South Korea, police and tax authorities raided local exchanges on alleged tax evasion, Reuters reported.
Government bodies around the world have been clamping down on bitcoin in some form. Last weekend, Bloomberg reported that Chinese authorities had outlined proposals to discourage bitcoin mining. Bitcoin miners are prevalent in China due to low operational costs.
“It’s going to be a nightmare for people who are worried about doing the right thing,” Andrew Schaefer, a federally licensed tax expert in Florida who represents taxpayers before the Internal Revenue Service, said to WaPo. At stake this year could be tens of billions in profit and perhaps more, Schaefer said, judging by the surge of interest in bitcoin. A significant chunk of that could be subject to federal and state taxes based on how many people sold their assets.
ICE Barricades Entrances to Prevent Protestors from Entering Government Building
U.S. Immigration and Customs Enforcement officers barricaded an employee and visitor entrance Wednesday to prevent activists from performing an “occupation” of the agency’s D.C. headquarters.
Several dozen activists had intended to enter the building to protest Trump administration deportation and border detention policies, but arrived to find temporary fencing and a line of officers blocking their way.
Amid heavy rain, activists chanted slogans anyhow, including “quit your jobs!” at Department of Homeland Security guards and ICE employees who peered from windows.
The protest was organized by Movimiento Cosecha and was advertised in a press release as a demonstration by “undocumented activists and allies,” as similar protests occur in other cities.
Christian Leader Robert Jeffress Condemns Jews to Hell During Speech at Jerusalem Embassy Opening.
Robert Jeffress, one of Trump’s personal religious leaders decided to insult the entire National of Israel today, by condemning all Jews to hell during the opening of the American Embassy in Jerusalem.
Robert Jeffress says ‘you can’t be saved by being a Jew,’ and ‘Mormonism is a heresy from the pit of hell.’ He’s said the same about Islam,” Said Mitt Romney, who is running for a Senate seat representing Utah, wrote. “Such a religious bigot should not be giving the prayer that opens the United States Embassy in Jerusalem.”
The Anti-Defamation League also criticized Jeffress on twitter, writing: “Today is a day of celebration as the US Embassy opens in Jerusalem. The choice of Pastor Robert Jeffress to offer a prayer sends exactly the wrong message. Jeffress has a history of bigoted comments about LGBTQ people, Jews, Muslims, Christians and other religions.”
Both evangelical pastors chosen by Trump to bless the US embassy opening – Jeffress and Hagee – are adamant zealots for Jewish conversion – nothing more grossly insulting to Jewish history and the endurance of Judaism could possibly have been dreamed up.
— Simon Schama (@simon_schama) May 14, 2018
This man is an embarrassment to the United States and to the Christian faith. It’s hard to get reputable clergy to attend such an event but this is shameful.
Who Is Robert Jeffress? ‘Bigot’ Pastor From Texas Due to Speak at U.S. Jerusalem Embassy Move https://t.co/oq96Veby6C
— Richard W. Painter (@RWPUSA) May 14, 2018
Alexander Nix, CEO of Cambridge Analytica has been Suspended by Board
Alexander Nix, the CEO of Cambridge Analytica, the firm at the heart of the data-mining scandal, has been suspended.
The company said in a statement: “The board of Cambridge Analytica has announced today that it has suspended CEO Alexander Nix with immediate effect pending a full, independent investigation.
“In the view of the board, Mr Nix’s recent comments secretly recorded by Channel 4 and other allegations do not represent the values or operations of the firm and his suspension reflects the seriousness with which we view this violation.”
Cambridge Analytica said its chief data officer Alexander Tayler had been appointed acting chief executive while an investigation was carried out by Julian Malins QC whose findings they would “share publicly in due course”.
“The board will be monitoring the situation closely, working closely with Dr Tayler, to ensure that Cambridge Analytica, in all of its operations, represents the firm’s values and delivers the highest-quality service to its clients.”
- State and Federal Regulators Initiate Nationwide Fraudulent Charity Sweep
- NRA’s Chris Loesch Tried to Get Me Fired from My Job
- Porn Star to CEO | Josh Royal of Aventus Digital
- Trump Replays His Own Rallies on White House TVs 24/7
- Councilman Williams Criticizes Hochul for Refusing to Debate Him in NYS Lieutenant Governor Race
Hate2 weeks ago
Christian Music Festival Legend Found Guilty of Being a Pedophile for 16 Years
Democrats2 weeks ago
Councilman Williams Criticizes Hochul for Refusing to Debate Him in NYS Lieutenant Governor Race
Uncategorized2 weeks ago
Trump Replays His Own Rallies on White House TVs 24/7
GOP2 weeks ago
NRA’s Chris Loesch Tried to Get Me Fired from My Job
Business2 weeks ago
Porn Star to CEO | Josh Royal of Aventus Digital
GOP2 weeks ago
Facebook Bans Alex Jones After Threatening Women and Immigrants
Crime7 days ago
State and Federal Regulators Initiate Nationwide Fraudulent Charity Sweep