Chinese care Banks to simply Say No to Bitcoins as Values Tumble

Chinese care Banks to simply Say No to Bitcoins as Values Tumble

As Chinese and Dutch authorities forbade their banks from accepting Bitcoins later final week, the cryptocurrency tumbled in value (Image: Information Week)

It’s almost come to symbolize the war between prepared society as well as the maverick movement away about them late last week from it, but whatever your views on Bitcoins the world’s most popular cryptocurrency and much in the news of late the news was not good. A stern warning from the central Chinese bank not to deal with the currency caused a tumble that, as of press time, had Bitcoins poised between $731 and $737 in US dollars after several weeks of skyrocketing value hikes that took the digital money from about $60 per Bitcoin last March to more than $1,200 in late November.

Meaningless Currency

The caution arrived after the bank noted that the cryptocurrency does not have any ‘real meaning’, does not have any backing that is legal shouldn’t be handled by the Asian country’s banking institutions at all. Also noted and most likely more during the base of the banking that is chinese’s disdain for the money had been the present high-profile connection between Bitcoins and money laundering and illegal items procurement, specially on web sites like Silk Road, which ended up being recently seized and shut down by the FBI, just to reopen a month later ‘under new management.’

Prior to the publicly issued warning, Bitcoins were gaining in appeal with the C […]

Moscow Illegal Gambling Dens are a genuine rat Race

Moscow Illegal Gambling Dens are a genuine rat Race

Prohibited Russian casinos in Moscow happen roosters that are using even rats for gambling purposes, police state.

It could not be considered a practice that many of us agree with, but the majority folks are familiar aided by the idea of cockfighting fighting roosters against each other to be able to gamble on the result. You probably also remember dog fighting being in the news (especially when it football that is involved Michael Vick). But rats being used for gambling purposes? That’s new to us.

Maybe Not Your Typical Sportsbook

Yet that’s exactly what authorities in Moscow found when they conducted a raid for an gambling that is illegal in the town. Police announced that during a raid of a bookmaker on Novy Arbat Street conducted month that is last they came across cages containing roosters, rats, as well as bugs all of which they believed had been used for gambling inside the venue.

Police didn’t say which establishment the strange collection of animals came from, though they did report also recovering more equipment that is traditional including eight computers that contained information on illegal gambling activities.

While there was no identification of the venue targeted in the raid, speculation in the media has fallen for an activity complex called Korona. Earlier this The Moscow News ran a piece detailing the activities going on at Korona, which is located on Novy Arbat year.

Cockfighting with Balloons […]

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