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Bitcoin Just Spiked Back Above $6000

October 29, 2017 Tyler Durden 0

It’s 9am in San Francisco (and 5pm in Barcelona), so it’s time to panic-buy some crypto-currency…

Bitcoin just surged over $200, back over $6000.


For now the catalyst is unclear. However, amid increasing tensions folowing Spain’s impositin of Article 155, as reports, Catalonia, which is fighting for independence from Spain, is considering an e-residency program similar to the one in Estonia. Catalonia is also considering adopting its own digital token or cryptocurrency.

The Government of Catalonia, the Generalitat de Catalunya, has sent representatives to Estonia to learn about the e-residency program, which offers a government-issued digital identity card that provides a way to operate a location-independent business online.

Dani Marco, the director of SmartCatalonia, an official Catalan agency, said the Estonians built a model of economic development from scratch. Marco appears to be heading Catalonia’s e-residency initiative.

Catalonia continues to move forward with plans to create an economy separate from Spain, according to El Pais, Spain’s leading newspaper. Estonia’s e-residency program serves as Catalonia’s model and could emulate an Estonian proposal to issue national blockchain based tokens.

E-Residency Benefits

El Pais reported that Catalonia is interested in Estonia’s e-residency program since the program has no borders. The e-residency program has attracted more than 20,000 entrepreneurs from 143 countries since 2014, including 336 from Spain.

El Pais further reported that Catalonia has the largest number of entrepreneurs and those working with virtual currencies in Spain.

Vitalik Buterin Weighs In

Blockchain experts in Catalonia have sought help from Vitalik Buterin, Ethereum’s founder, according to El Pais. Vitalik advised the Catalonians to create an ICO to offer a currency that would work in tandem with the financing of a business project for the virtual residence program. The e-residency ecosystem could create an economic community independent of a central bank.

Estonia recently proposed “Estcoin,” a national cryptocurrency. If the country follows through on this plan, it would be the first national government to launch an ICO.

Kaspar Korjus, managing director for Estonia’s e-residency program, posted a Medium blog in August claiming Estonia could offer Estcoins to residents. The coins could be managed by the Republic of Estonia, but accessed by anyone through the e-residency program. The program would launch an ICO to offer the coins.

Korjus also said the ability to start a location independent company is the main factor driving the growth of the e-residency program.

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Vietnam’s Central Bank Seeks to Ban Bitcoin Activities

October 29, 2017 Kevin Helms 0

Vietnam's Central Bank Seeks to Ban Bitcoin ActivitiesThe State Bank of Vietnam has developed a legal framework for digital currencies. The bank has submitted its proposals to its government, seeking to ban activities relating to bitcoin including issuance, distribution, and use. Bitcoin users may be subject to criminal prosecution and fined up to 200 million dong. Also read: Japan’s SBI Group Launching Eight […]

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Liberia ruling party contests result of presidential vote

October 29, 2017 rbksa 0
Agence France Presse
Sun, 2017-10-29 18:46

Monrovia: Liberia’s ruling party on Sunday announced a formal complaint against the electoral commission over the outcome of the October 10 presidential poll, days before a runoff involving its candidate, Vice President Joseph Boakai.
The Unity Party said it would join two other parties in seeking “a logical legal conclusion as quickly as permissible under Liberian law,” following the Liberty Party and All Liberian Party (ALP) in lodging complaints with the National Elections Commission (NEC).
A statement released by the three parties said the poll, which saw former international footballer George Weah take the most votes, was “characterised by massive systematic irregularities and fraud.”
The statement also accused incumbent President Ellen Johnson Sirleaf, also of the Unity Party, of “interfering” with the election by meeting polling officials at her residence.
The meeting, which took place before the poll, “clearly amounted to interference with the electoral process and has no legal basis or justification whatsoever,” the parties said.
Boakai and Weah are due to contest the final round for the presidency on November 7 after no single candidate won more than 50 percent of the vote on October 10.

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French women rally against sexual abuse under #MeToo banner

October 29, 2017 rbksa 0
Associated Press
Sun, 2017-10-29 03:00

PARIS: French women are protesting sexual abuse and harassment in 11 cities across the country under the #MeToo banner in the wake of mounting allegations against Hollywood mogul Harvey Weinstein.
Women’s group Les Effronte-e-s has called on women to “go on the street to show … we are thousands and thousands who have to live, cushion the blow, digest it and handle often-traumatizing experiences.”
In Paris, a few hundred people gathered on the Republic Plaza for the protest Sunday.
French statistics show that over 80,000 adult women face rape or attempted rape every year in the country but only 10 percent file a complaint.
The French government last week proposed a bill aiming to eventually make harassment against women in French streets an offense that will be punished with fines.

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Speculation rife as first arrest in US Russia probe said near

October 29, 2017 rbksa 0
Agence France Presse
Sun, 2017-10-29 18:28

WASHINGTON: Official Washington was abuzz this weekend over reports that a grand jury has charged at least one person stemming from the US probe of Russia’s attempts to tilt the 2016 presidential elections in Donald Trump’s favor.
There was no indication, in reporting by CNN that other media later confirmed, of who might be charged or what crimes might be alleged in the ongoing inquiry led by former FBI chief Robert Mueller.
But Trump, in a rapid burst of tweets Sunday, again denounced the investigation as a “witch hunt” and repeated his denials of any collusion with Russia.
Mueller’s team has remained mum about reports that a first arrest could be made as early as Monday. He is empowered to pursue not only Russian interference but any other crimes his large team of prosecutors should uncover.
But Chris Christie, a Republican governor close to Trump, said Sunday on ABC that “the important thing about today for the American people to know is the president is not under investigation. And no one has told him that he is.”

Typically, such an inquiry would first target lower-level people while building a case against those higher up.
Representative Adam Schiff of California, the ranking Democrat on the House intelligence committee, demurred Sunday when asked whether Trump was under investigation. “I can’t answer that one way or the other,” he told ABC.
But he mentioned two possible targets on whom much speculation has focused: former national security adviser Michael Flynn and former Trump campaign director Paul Manafort, both of them once involved in undeclared lobbying for foreign interests.
It was not clear that Christie would know whether Trump is in fact being investigated. He may have been referring to a remark in May by former FBI chief James Comey, who told a Senate panel in May that Trump was not a target of the inquiry.
As the Mueller investigation nears a dramatic new phase, Republican officials and right-leaning media have stepped up their attacks on Democrats, above all on Trump’s rival in last year’s election, Hillary Clinton — attacks that Democrats dismiss as blatant attempts to divert attention.
Trump, in his tweets Sunday, again complained of Clinton’s handling of emails while secretary of state, of Democratic Party funding of what he said was a “fake” dossier on Trump’s background, and of a US sale during the Obama administration of uranium rights to Russia.
“There is so much GUILT by Democrats/Clinton, and now the facts are pouring out. DO SOMETHING!” Trump tweeted.
In the uranium case, Russian energy company Rosatom sought in 2010 to buy a share in Toronto-based UraniumOne. A panel of nine US government agencies, including the State Department, approved the sale, though Clinton says she was “not personally involved.”
As Mueller’s inquiry advances, there have been calls from some Republicans — and from the conservative editorial board of the Wall Street Journal — for him to resign. Christie cautioned on Sunday that the former FBI chief should be “very, very careful.”
Democrats meantime have warned that if Trump were to fire Mueller — or issue preemptive pardons to anyone caught in his net — it would be crossing a line.

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