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FBI’s crypto-banning policy

12 March 2018  |   161

Today we present you now:

  • FBI, Google and cryptocurrencies
  • Egyptian authorities suspected of hidden mining
  • An Indian policeman and Bitcoin extortion
  • Bitcoin’s course and Mt.Gox

The Federal Bureau of Investigation of the United States is now forcing Google to ban advertising concerning cryptocurrencies and ICOs, just like Facebook has done.

An FBI representative has stated: “You’re seeing ICOs that are raising large amounts of money and there’s nothing behind them in certain cases, but members of the public are so hyped they’re throwing money at them”.

Apparently, the FBI already sees some progress on Google’s ads policy, since they are constantly improving it and identifying crypto-advertisements. However, the pressure will only cease when Google finally finds a way to completely ban this kind of advertisement.

Egyptian authorities are suspected of infiltrating citizens' computers for hidden crypto-mining. Monero mining was apparently being carried out through some equipment installed in Egypt’s Telecom network. The scheme was uncovered by researchers at the University of Toronto.

The head of the police station in India was arrested on suspicion of criminal conspiracy to kidnap a man and extort Bitcoins. According to the evidence, the policeman, alongside his accomplices, abducted the businessman and demanded him to transfer to their account, all his cryptocurrencies. Since the criminals weren’t able to get what they were looking for, they’ve thrown the victim out of the car in the nearest city, from where he contacted the police.

On the weekend, Bitcoin’s price dropped to 8 thousand dollars. Today, it was apparently recovering once more and reached figures above 9 thousand dollars.

According to analysts, one of the reasons for this fall was the mass 40 thousand Bitcoins sale by Mt Gox’s former trustee, Nobuaki Kobayashi. On September 18th, another trial concerning the exchange’s bankruptcy is scheduled to take place. There are reasons to assume that after this mass sale, Kobayashi will not re-enter the market, and this is good news for the Bitcoin’s price. However, not all investors are optimistic, since some speculate that another trustee is getting ready to sell 1 hundred and 66 thousand Bitcoins.

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