Monthly Archives: March 2014

Massachusetts Snatches Child Over Psychiatric Treatment Disagreement

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“The Boston Globe reported that Suffolk County juvenile court Judge Joseph Johnston granted ‘permanent’ custody to the state DCF.  Justina was diagnosed with mitochondrial disease several years ago at Tufts Medical Center and put on a treatment plan to alleviate some of her symptoms. When her parents took her to Boston Children’s Hospital last year for complications with the flu, doctors there said she had somatoform disorder, a psychiatric disorder, instead.  After the Pelletiers disagreed with Boston Children’s treatment plan and tried to take her back to Tufts, they were accused of medical child abuse. DCF took custody of the teen on Feb. 13, 2013.”

http://www.theblaze.com/stories/2014/03/25/judge-gives-permanent-custody-of-justina-pelletier-to-state-agency/

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Kansas Wants Felony Charges For ‘False’ Complaints Of Police Abuse

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“There is a bill in the Kansas legislature that is a bad cop’s dream. House Bill 2698 would raise cops even higher above the rest of society by requiring anyone filing a complaint against a police officer to first sign a sworn affidavit clearly stating the allegation. If during the ensuing investigation clear evidence shows the claim to be false, then the complainant could face perjury charges.  There is a provision in the bill that would exempt law enforcement officers from making any oral or written statements regarding a complaint filed against them until they have been made fully aware of all facts related to the allegation, received a copy of the complaint, and all evidence related to the complaint.”

http://lionsofliberty.com/2014/03/21/felony-friday-kansas-bill-would-make-it-a-felony-to-report-false-complaints-of-police-abuse/

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How the US spends 26% of available tax revenue just to pay interest

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“In the Land of the Free, the government routinely doesn’t count interest payments that they make to the Social Security Trust Fund.  Taking this into account, total US interest payments in Fiscal Year 2013 were a whopping $415 billion, roughly 17% of total tax revenue.  Here’s the thing, though– it’s inappropriate to look at total tax revenue when we’re talking about making interest payments.  The IRS collected $2.49 trillion in taxes last year (net of refunds). But of this amount, $891 billion was from payroll tax.  According to FICA and the Social Security Act of 1935, however, this amount is tied directly to funding Social Security and Medicare. It is not to be used for interest payments.”

http://www.sovereignman.com/finance/us-now-spending-26-of-available-tax-revenue-just-to-pay-interest-14024/

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Hong Kong agrees to hand financial details of Americans to IRS

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“Hong Kong tax officials will soon be able to pass information about the finances of Americans working in Hong Kong to their US counterparts under an agreement signed yesterday as part of Washington’s global crackdown on tax evasion.  The Financial Services and Treasury Bureau said the tax-information exchange agreement allowed the US to file a request to the Inland Revenue Department ‘under specified conditions’. The bureau said that provided the basis for a further agreement that would enable US tax authorities to seek information directly from local banks.  Tax experts said the agreement was crucial for America’s controversial anti-tax evasion law, which takes effect in July.”

http://www.scmp.com/news/hong-kong/article/1457322/hong-kong-agrees-give-financial-data-americans-working-city-us-tax

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How rumor sparked panic and three-day bank run in Chinese city

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“The rumor spread quickly. A small rural lender in eastern China had turned down a customer’s request to withdraw 200,000 yuan ($32,200).  Bankers and local officials say it never happened, but true or not the rumor was all it took to spark a run on a bank as the story passed quickly from person to person, among depositors, bystanders and even bank employees.  Savers feared the bank in Yancheng, a city in Sheyang county, had run out of money and soon hundreds of customers had rushed to its doors demanding the withdrawal of their money despite assurances from regulators and the central bank that their money was safe.”

http://news.yahoo.com/chinas-sheyang-county-says-funds-protected-rumors-spark-010251702–sector.html

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Kraken Bitcoin Exchg. Passes ‘Proof of Reserves’ Cryptographic Audit

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“Bitcoin exchange Kraken has passed a cryptographically verifiable proof of reserves audit with flying colours.  The audit, which was carried out by Stefan Thomas on 11th and 22nd of March, proved that more than 100% of Kraken’s bitcoins are held in reserve.  The process was designed to allow the auditor to verify that the total amount of bitcoins held by Kraken matches the amount required to cover an anonymized set of customer balances.  Thomas said the audit was very strict, but at the same time it maintained ‘absolute privacy’ for customers. He also added that Kraken have expressed interest in conducting regular audits in the future, with different auditors each time.”

http://www.coindesk.com/krakens-audit-proves-holds-100-bitcoins-reserve/

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Kraken, a Bitcoin exchange, raises $5M

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“Kraken, an online exchange for Bitcoin, Litecoin, Namecoin, Ven, Ripple, and other digital currencies, has collected a tidy $5 million.  That’s $5 million in real, grown-up dollars.  ‘We are excited to get significant funding to expand Kraken, which already has the most advanced order types, from the newest of users to the most sophisticated traders,’ said Jesse Powell, founder and CEO of Kraken, in a statement.  Kraken publicly launched in September 2013, and now claims it is the top exchange in Europe.  The company also touts Kraken’s ‘strict regulatory compliance and professional array of advanced order types, the result of two years of development.'”

http://venturebeat.com/2014/03/25/kraken-a-bitcoin-exchange-raises-5m/

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Can bitcoin absorb hundreds of millions in institutional capital?

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“The bitcoin market is about to get slammed with more capital and more trading sophistication than it’s ever faced. Anyone who tells you they know what the impact of this inflow will be is smoking their own supply.  SecondMarket isn’t the only group bringing sophisticated investors into the bitcoin fold. Silbert’s suggestive tweet comes on the heels of Pantera Capital announcing the first close of $150 million in institutional capital for its Pantera Bitcoin fund earmarked for bitcoin trading.  In other words, bitcoin is about to go from a niche, hobbyist market to a mainstream one frequented by professionals.”

http://pando.com/2014/03/25/can-the-bitcoin-market-absorb-hundreds-of-millions-in-institutional-capital-were-about-to-find-out/

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Cryptocurrency Payment Processor GoCoin Gets $1.5m in Funding

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“GoCoin has announced it has raised $1.5m in funding in order to expand its operations as an international payments platform for cryptocurrencies.  GoCoin plans to use the funding to expand its sales and technology teams as demand for cryptocurrency payments grows.  GoCoin competes with Coinbase and BitPay in the bitcoin payment processor market.  A favorable regulatory environment in Singapore led GoCoin to incorporate its business there. And it is focused on markets outside of the US.  GoCoin started to accept litecoin back in January. It recently added support for dogecoin as well.”

http://www.coindesk.com/cryptocurrency-payment-processor-gocoin-gets-1-5m-funding/

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Agora Commodities Surpasses $10 Million in Bitcoin Sales

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“Agora Commodities was one of the earlier innovators in the Bitcoin market when they announced that they would begin accepting Bitcoin for payment for gold and silver. Since that time they have done over $10 million in Bitcoin transactions alone. In just under one year Agora Commodities has become the largest Bitcoin to Bullion dealer in the world.  Agora Commodities is the first full service Bitcoin to Bullion dealer. They offer all the most popular gold, silver, platinum, palladium, and rhodium investment grade bullion products at the lowest prices. Visit them on the web or (877) 576-7342 to find out how they can help you secure your financial future.”

http://www.digitaljournal.com/pr/1810619

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