How Tron is Changing the Cryptocurrency World

The cryptocurrency world has been quite crazy over the past year or so with many individuals deciding to get into the space who otherwise would not have without the high amount of publicity as of recently. One of the newest coins to enter the space and be able to make a large impact on it as well is known as TRON or TRX. The founders of the coin, hailing from China, have stated their goals of changing the world’s entertainment industry by using this coin.

Trending Now: Bitcoin Price & Blockchain Technology Have Investors Hungry For Opportunity

According to the website for Tron, “Tron (TRX) is a blockchain-based platform that seeks to decentralize the internet, or rather content-sharing on the internet, ensuring that artists, creatives, musicians, authoring can release their content without having to use a middle company, be it Amazon, YouTube, Apple, or Facebook.” The coin was founded by Justin Sun, a 26 year old with quite a large online following. Forbes recently listed Sun as 30 under 30 for Asia back in 2015, which him working for another cryptocurrency based company earlier on known as Ripple, which has become quite popular. The University of Penn student has been one of the most vocal users of cryptocurrency in the modern day.

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He hosts a one-hour livestream about the coin, and frequently makes announcements regarding what the coin is up to and new partnerships. The coin has the hopes of becoming the next big thing in the entertainment industry, helping to transform the way that individuals are paid online for their content. The hopes are high that this coin will continue to change the way that content is monetized online, providing a revolutionary system for creators to come together with a valid way to earn money. Only time will tell how successful the coin is at accomplishing this goal.

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Hamas Founder Linked To Iran Dies After Mysterious “Accidental” Self-Inflicted Gunshot Wound

A senior Hamas official and one of the Palestinian terror group’s founding fathers has died after suffering a head wound in what reports are describing as an “unexplained shooting” . Hamas announced that Imad al-Alami died Tuesday after being unconscious since a January 9 mysterious incident said to have occurred at his Gaza City home, which sparked widespread speculation over what happened.

Fueling the speculation was a hasty Hamas statement released on January 9 which initially claimed he had died of “natural causes” but a subsequent statement was quickly issued saying he accidentally shot himself in the head while “inspecting his personal weapon in his home and is in critical condition.” The 62-year old Alami, who also went by Abu Hamam, had been in critical condition in a Gaza hospital for the three weeks before his death.

Imad al-Alami was classified as a “specially designated global terrorist” by the US in 2003 after a lifetime overseeing Hamas military operations. Image source: Arab News

Alami was classified as a “specially designated global terrorist” by the US in 2003 after spending a career holding key posts within Hamas’ policy-making body, which included years heading up Hamas headquarters-in-exile offices in Damascus, before returning to the Gaza strip in 2012. He also oversaw Hamas military operations in the West Bank during his time in Syria.

More significant, however, is that he was among the most internationally connected of Hamas’ founding members, having maintained extensive ties with Iran – a major financial sponsor and weapons supplier to Hamas – and with a close personal relationship with Hezbollah Secretary-General Hassan Nasrallah. Alami was further widely acknowledged to be in line as the designated successor to current Hamas head Ismail Haniyeh, and was active in operations as late as 2014, when he was seriously wounded – reportedly by Israeli airstrike during Israel’s ‘Operation Protective Edge’ – which resulted in the loss of one of his legs.

But adding further mystery to the Hamas leader’s final years, other sources claim his 2014 wounds were the result of a brutal attack by other factions within Hamas, possibly under the direction of a rival senior Hamas official with which he was fueding, Fathi Hamad.

After the January 9 reported “self-inflicted gunshot wound” Israeli media also theorized that there may be more to the story. Israel’s YNet News reported at the time:

The circumstances behind the injury are still unclear. It is possible he tried to take his own life after being diagnosed with cancer a year ago, or that he was hurt in an assassination attempt. A third option is that his handgun accidentally discharged, hitting him.

And Israel’s Arutz Sheva also commented on the divergent claims concerning his death within Palestinian leadership:

The shooting incident fueled a variety of conspiracy theories within the Palestinian Authority, ranging from claims al-Alami was assassinated, to suggestions he may have committed suicide following years of serious health problems.

Alami’s death comes two months after increased violence and tensions within Gaza and the Palestinian territories precipitated by President Trump’s early December announcement of formal US recognition of Jerusalem and the capital of Israel. The move unleashed a wave of violent clashes between Palestinian demonstrators and Israeli security forces, resulting in multiple deaths. Dozens of rockets were also launched out of Gaza, with Hamas leadership calling for a new ‘intifada’ – or mass uprising against Israeli occupation – soon after Trump’s announcement. 

Recently ISIS has also attempted to make inroads into Gaza and has reportedly come into increased conflict with Hamas leadership, which ISIS has condemned for its closeness to Shia Iran, which is seen a apostate. In early January the Middle East English daily Arab News reported, “Daesh [ISIS] last week released a video calling on its members and supporters in Gaza to fight Hamas, which it accused of moving closer to Iran. The video ended with an extremist from Gaza, killing another Sinai person by shooting him in the back of the head for allegedly collaborating with Hamas’s military wing to obtain arms through Sinai.”

Tensions between Israel and Iran have also escalated dramatically of late as the Syrian government supported by its Iranian allies have consolidated power over much of Syria, fully connecting the so-called Iranian ‘land bridge’ linking Tehran, Baghdad, Damascus and Lebanon. In early January Israeli media widely reported substantial rumors that both the US and Israel had green-lighted intelligence operations aimed at assassinating Iran’s top military officer, Iranian Revolutionary Guard al-Quds Force commander Maj. Gen. Qassem Soleimani.

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PA security forces target activists who protested US trade delegation

Palestinian Authority (PA) forces yesterday detained a Palestinian activist and summoned for interrogation four others after a protest targeting an American trade delegation in Bethlehem.

According to Ma’an News Agency, Mohammad Lutfi, “a local activist and resident of the Aida refugee camp”, was arrested yesterday evening by PA security forces.

Three other activists “identified as Anas Abu Srour, Ahmad Odeh, Ibrahim Msallam, were summoned for interrogation with PA special security in Bethlehem”, as well as an unnamed fourth activist.

Shortly after Lutfi was detained, “dozens” of Palestinians from Aida refugee camp and the surrounding area went to the PA headquarters to demand his release. Lutfi was subsequently freed, but only after he, with the others, agreed to appear for interrogation today.

US: Aid to continue if UNRWA changes school books

Yesterday, a number of Palestinian activists disrupted a meeting of Palestinian officials and American delegates at the office of the Bethlehem Chamber of Commerce and Industry.

The protesters held signs denouncing US President Donald Trump’s recognition of Jerusalem as Israel’s capital, and told the Americans that they “are not welcome here anymore”.

Trump’s Jerusalem declaration, as well as a number of tweets and cuts to the UN refugee agency, have “sparked protests and calls for a full boycott of American intervention in Palestinian political, economic, and civilian life”, reported Ma’an.

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Bitcoin Price Watch; Here’s What’s On This Morning

It’s Tuesday morning out of Europe and it’s time to take a look at how things are moving in the bitcoin price in an attempt to figure out whether there’s any way we can interpret the action we’ve seen and use it to put together a strategy for the session going forward.

During the session last night, we were hoping to see some degree of strength in the bitcoin price so as to definitively be able to say that there’s enough in the tank to justify a long-term bullish bias.

As it turns out, we didn’t really get what we were looking for. Things have been pretty volatile, so we can’t say for sure whether the long-term bullish bias is entirely out of the question, but we would like to get some confirmation near term and, in all honesty, we’re getting more of a confirmation to the reverse bias than anything else.

Anyway, let’s try and get some levels in place that we can use pushing forward into the session today and see if we can use these levels to put together a bias for this morning. As ever, before we get started, take a quick look at the chart below to get an idea where things stand. It’s a one-minute candlestick chart and it’s got our primary range overlaid in black.

As the chart shows, then, the range we are looking at comes in as defined by support to the downside at 10850 and resistance to the upside at 11000.

Standard breakout rules apply, so we’ll be looking at jumping into a long entry if we get a close above resistance, towards a target of 11200. Conversely, if we get a close below support, we’ll jump in short towards an immediate downside target of 10750.

Let’s see how things play out and we’ll revisit and update tomorrow.

Happy trading!

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Aid groups: Palestinian school under imminent threat of demolition by Israel

A Palestinian primary school funded by European donors is under threat of imminent demolition by Israeli occupation authorities, according to a statement by aid agencies this morning.

A statement issued in the name of the Norwegian Refugee Council, Action Against Hunger and Save the Children said the Israeli Supreme Court has dismissed a petition to safeguard the school, which serves the Palestinian community of Al-Muntar in the occupied West Bank.

Al-Muntar, which is located in so-called “Area C” of the West Bank, close to occupied East Jerusalem, has “already suffered displacement and destruction of property in the past”, the statement says.

The threatened school is the “only one” serving the community, the NGOs say, with 33 pupils aged 5-11 currently attending, though “it was meant to be expanded to receive over 70 pupils this year”.

Read: Israel demolishes school in Bedouin community in Jerusalem

Israel’s Supreme Court, however, sitting as the High Court of Justice, has ruled that the school constitutes an illegitimate attempt “to create facts on the ground”. The school thus “risks being demolished from 1st February onwards, when an injunction protecting it from demolition expires”.

The Norwegian Refugee Council’s Country Director in Palestine, Kate O’Rourke, slammed the court’s claim that the school creates “facts on the ground”.

“In reality,” she stated, “these are being created by illegal settlements, not by Palestinian schools, which are needed to ensure Palestinian children’s fundamental right to education.”

Attacks on West Bank schools are one of many elements making up the coercive environment that pushes Palestinians off their land in order to make way for Israeli settlement expansion.

According to the aid groups, new figures “reveal there are 61 schools in the West Bank, including East Jerusalem, that have pending demolition or stop work orders from the Israeli authorities”.

In 2016, meanwhile, “there were 256 education-related violations affecting 29,230 students across the Occupied Palestinian Territory”.

These included “threats of violence and harassment from Israeli settlers or soldiers on the journey to school, military activity in or around their schools, military or police arresting and detaining children from their classrooms, lost time due to the closure of a military area or firing zone, delays crossing checkpoints, threats of destruction and demolition of schools and stop work orders.”

Read: Israel attacks Palestinian school children with gas and sound bombs

The Country Director for Action Against Hunger, Gonzalo Codina, said: “The existing Palestinian schools are overstretched, and the Israeli authorities are not issuing the required building permits for Palestinian communities like the one at Al-Muntar. Now that a donor-funded school is again at risk of being demolished, we have to ask: Where can these children study safely?”

Meanwhile, Save the Children’s Country Director Jennifer Moorehead warned that “children’s fundamental right to education is under growing threat”.

“The school in Al-Muntar, a very remote and vulnerable community, has enabled children and especially girls to attend school for the first time. Now children as young as five face having their future demolished before their eyes.”

She added: “We urgently call on the international community to increase diplomatic pressure on the Israeli government to protect Palestinian children’s right to education and to prevent the demolition and seizure of school infrastructure.”

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Oil retailers shares rally 4-5% after IOC posts strong Q3 nos, crude oil prices fall

State-run Indian Oil Corporation's third quarter standalone profit more than doubled to Rs 7,883 crore, from Rs 3,696.3 crore in previous quarter and revenue from operations grew by 22.2 percent to Rs 1.1 lakh crore in Q3 on sequential basis. Gross refining margin for the quarter ended December 2017 …

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Iraq’s SOMO’s January exports 3.5 mln bpd –oil official

BAGHDAD, Jan 29 (Reuters) – Crude oil exports by Iraq state-oil marketer SOMO ran at an average rate of 3.5 million barrels per day in January, an Iraqi oil official said on Monday. Next week, the country plans to start exports to Iran from the northern Kirkuk oilfield using tanker trucks, he said. (Reporting …

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Saudi billionaire to keep control of broadcaster MBC

Saudi Arabia’s Waleed Al-Ibrahim will keep management control of regional television broadcaster MBC after his release from detention in the country’s “corruption probe”, a senior MBC executive told Reuters today.

The executive, speaking on condition of anonymity under briefing rules, said Ibrahim’s 40 per cent stake in MBC would not change and that he was found innocent of any wrongdoing in the probe.

Ibrahim, who at the weekend was released along with at least half a dozen other prominent Saudi businessmen detained in the probe, reiterated his allegiance to Saudi Arabia and the ruling family, the executive told Reuters.

Dozens of people were detained in the crackdown which has consolidated Prince Mohammed Bin Salman’s power while alarming much of the traditional business establishment. Billionaire Prince Al-Waleed Bin Talal, Saudi Arabia’s best-known international investor, was amongst those detained, however he was freed on Saturday.

The allegations against the men include money laundering, bribery, extortion and taking advantage of public office for personal gain, a Saudi official told Reuters.

A royal decree said the crackdown was launched in response to “exploitation by some of the weak souls who have put their own interests above the public interest, in order to, illicitly accrue money”.

Read: Saudi Arabia sentences human rights activists to prison

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USD/CAD awaits verdict on NAFTA – one scenario is more priced in than the other

The Canadian dollar enjoyed a wide range of upbeat economic figures, a rate hike, and also rising oil prices, but its gains were limited. Worries that the North American Free Trade Agreement would be abandoned by the US, kept the loonie back. Last week, the US dollar took another plunge, mostly ignited by Mnuchin’s endorsement […]

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Russia Developing System to Identify Crypto Miners but Considers Giving Them Tax Break

Russia Developing System to Identify Crypto Miners but Considers Giving Them Tax Break

A Russian ministry is preparing a bill for the regulation of cryptocurrency mining which reportedly includes a “special system” to detect crypto miners. In addition, there may be a 2-year tax break for miners as well as energy quotas and special tariffs.

Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies

System to Detect Miners

The Russian Ministry of Communications and Mass Media is reportedly developing a system to identify cryptocurrency miners in Russia so that they can be taxed, Vedomosti reported last week. The publication elaborated:

There will be a special system for detecting miners – according to the structure of current consumption and Internet traffic, to correlate the capacity of the mining equipment with the amount of cryptocurrency that the miner declares on the crypto exchange.

Russia Developing System to Identify Crypto Miners but Considers Giving Them Tax BreakAccording to the publication, two people familiar with the matter have confirmed that this information is included in the mining regulation prepared by the Ministry of Communications. The bill is expected to be submitted to the State Duma by February 1.

This is not the first time Russia has explored ways to identify miners. In October, the chairman of the State Duma Committee on Financial Markets, Anatoly Aksakov, noted the possibility of using electricity consumption to track crypto miners.

The Feasibility of This Tracking Method

Russia Developing System to Identify Crypto Miners but Considers Giving Them Tax BreakThe Ministry of Energy believes that “technically, this is possible, but it is necessary to understand that such processes and activities should be economically feasible,” Ria Novosti reported. “Perhaps it is worthwhile to monitor only the large nodes that provide this activity on an industrial scale,” the ministry explained.

Experts told the news outlet that “The main question is how the authorities will detect the consumers’ accounts that earn cryptocurrencies, and not those who watch TV or heat apartments,” adding that:

It is extremely difficult to track whether a consumer in his apartment is crypto [mining] or downloading a series of films.

“Detection of miners by the profile of their power consumption and Internet traffic will be very difficult to realize,” explained Andrei Koptelov, director of the Center for Economic Research at the Synergy University. “It is virtually impossible to distinguish between what consumes electricity, a mining farm or household heater, and the means of private virtual networks allow you to encrypt traffic.”

Tax Holidays, Energy Quotas, and Special Tariffs

While emphasizing that crypto mining will be taxed, RBC reported that the Ministry of Communication is considering special benefits for miners:

For starters, the miners will be given two years of tax holidays with compulsory accounting. Then they will be obliged to pay profit [income] tax, but they will not pay VAT.

Russia Developing System to Identify Crypto Miners but Considers Giving Them Tax BreakHowever, Deputy Finance Minister Alexei Moiseev told reporters last week that his ministry “does not see the need for tax holidays for miners,” Ria Novosti reported.

In addition, the Ministry of Communications also plans to give miners “energy quotas and a special tariff,” the news outlet detailed.

A representative of the Ministry of Energy attended the meeting held by the Ministry of Communications to discuss Russia’s mining regulation last week. “So far no one has been able to explain why” there should be special tariffs for miners, the Energy ministry stated. “In the Russian Federation, currently the existing tariffs are among the lowest in the world, which already makes computing facilities in Russia quite attractive,” the ministry’s press service asserted.

Do you think Russia will be able to identify crypto miners? Should miners be given tax holidays, energy quotas, and special tariffs? Let us know in the comments section below.

Images courtesy of Shutterstock.

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