Archive for August 2nd, 2017 | Daily archive page

Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men earning, no bank transactions required There are no transaction fees and no need to give your real name. More merchants are beginning to accept them. Bitcoin can be used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally. Several marketplaces called bitcoin exchanges allow people to buy or sell bitcoins using different currencies. Mt. Gox is the largest bitcoin exchange. You can buy webhosting services, pizza or even manicures.  No one controls it. Bitcoins aren’t printed, like dollars or euros they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems. It’s the first example of a growing category of money known as crypto currency. Bitcoins are stored in a “digital wallet,” which exists either in the cloud or on a user’s computer. The wallet is a kind of virtual bank account that allows users to send or receive bitcoins, pay for goods or save their money. Unlike bank accounts, bitcoin wallets are not insured by the FDIC. Though each bitcoin transaction is recorded in a public log, names of buyers and sellers are never revealed only their wallet IDs. While that keeps bitcoin users’ transactions private, it also lets them buy or sell anything without easily tracing it back to them. Bitcoin is pseudonymous, meaning that funds are not tied to real-world entities but rather bitcoin addresses. Owners of bitcoin addresses are not explicitly identified, but all transactions on the blockchain are public. In addition, transactions can be linked to individuals and companies through “idioms of use” and corroborating public transaction data with known information on owners of certain addresses. Additionally, bitcoin exchanges, where bitcoins are traded for traditional currencies, may be required by law to collect personal information.That’s why it has become the currency of choice for people online buying drugs or other illicit activities. Bitcoin can be send in an instant worldwide. Users can use several accounts or multiple bitcoin addresses as they are not linked to names personal address or other personal identifying names. Today Bitcoin is worldly renowed as of 2017 there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.

A Saudi national, who was on his way to the United States for college, is going to be beheaded in his home country for attending a pro-democracy rally according to officials.  Mujtaba’a Al-Sweikat was 17 years old was arrested by attending anti-government protests last 2012 at the airport and was set to attend Western Michigan University in Kalamazoo as a student. He wanted to study finance. Al-Sweikat was detained at facility in Dammam, Saudi Arabia, since his arrest, according to MLive. He was sentenced to death on June 1, 2016. He was among the group of at least 14 people, including disabled Munir al-Adam, taken into custody for protesting against the ultra-conservative Saudi regime. Saudi Arabia was notorious in its beheadings they carried out 154 execution last 2016. The U.K.-based human rights group Reprieve denounced Al-Sweikat and al-Adam’s impending executions in a statement. The verdict was upheld by the country’s high court in May. According to the American Federation of Teachers (AFT), on Saturday he was moved to Riyadh, where executions usually take place. President Donald Trump visited Riyadh in May. He has repeatedly emphasized ties with Saudi Arabia and personal friendship with its monarch, King Salman. Western Michigan University’s executive director of university relations, Cheryl Roland, confirmed that al-Sweikat had been accepted to study at the college but said that the institution was unaware that “such a troubling reason” was behind his failure to show up on campus. AFT Michigan President David Hecker called on President Donald Trump to use his relationship with Saudi leaders to stop the executions. The statement did not indicate al-Sweikat’s current status, but stated that his beheading is “imminent.” The increasingly brutal Saudi Arabian regime has ramped up executions for protest-related offenses in recent days, and this latest move is extremely worrying,” said Maya Foa, director of Reprieve. Mujtaba was a promising 17-year-old boy on his way to study in Michigan when he was arrested, beaten, and later sentenced to death on the basis of a ‘confession’ extracted through torture. He now faces the imminent threat of beheading along with 14 others, including at least one other juvenile and a young disabled man. Mujtaba is part of a group facing execution by beheading for offenses related to attending protests, Reprieve said. Reprieve obtained information about Mujtaba and the others from his friends. They were convicted and sentenced to death by Saudi Arabia’s controversial Specialised Criminal Court, which, although established to hear terrorism cases, has been used by authorities to silence dissent through the use of the death penalty, All 14 men and boys were transferred recently to Riyadh from Dammam Mabahith prison in preparation for their execution. However, the current execution practice is so shrouded in secrecy that not even their families know when they will be executed; only the King, who issues a decree ordering their execution.