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ansible

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Member since: Fri Jul 1, 2016, 03:42 PM
Number of posts: 425

Journal Archives

Bitcoin, Ether Sink as 'Sense of Panic' Grips Crypto Investors

Source: Bloomberg

Bitcoin touched below $6,000 and dozens of smaller digital tokens including Ether retreated as this month’s sell-off in cryptocurrencies showed few signs of letting up.

The largest digital currency fell as much as 6.2 percent to $5,887, the lowest level since June, before paring some of the drop, according to Bloomberg composite pricing. Ether sank as much as 13 percent, while all but one of the 100 biggest cryptocurrencies tracked by Coinmarketcap.com recorded declines over the past 24 hours. The total market capitalization of virtual currencies dropped to $193 billion. That’s down from a peak of about $835 billion in January.

“Most cryptocurrencies have been overvalued for a very long time,” said Samson Mow, chief strategy officer at blockchain developer Blockstream Corp. “It’s hard to pin this move on any particular factor, but it feels like the opposite of last year when money piled in as people felt FOMO. Now it’s piling out as they sense panic.”

While cryptocurrencies rallied in July on hopes that a Bitcoin-backed exchange-traded fund would attract new investors, U.S. regulators have yet to sign off on multiple proposals for such a product. The letdown has coincided with growing concern that entrepreneurs who raised crypto-denominated funds via initial coin offerings are now cashing out of holdings such as Ether, the token for the Ethereum blockchain that is a popular platform for crypto projects.



Read more: https://www.bloomberg.com/news/articles/2018-08-14/bitcoin-sinks-below-6-000-as-almost-everything-crypto-tumbles

Police confronted over alleged 'bait truck' of Nike shoes left in black Chicago community



Community members confronted a circle of police in Chicago's Englewood neighborhood over a "bait truck" allegedly filled with Nike shoes and left open by police aiming to lure potential thieves and make arrests.

"Y'all dirty, man," a man tells officers in an online video of the incident published Thursday. "Y'all see kids playing ball and you pull a f----- Nike truck into the ghetto." Charles McKenzie, an anti-crime activist who put the video on Facebook, told Vox that the truck appeared next to a basketball court frequented by young people in the largely black neighborhood in the South Side of Chicago.

And while both local and federal agencies conduct such "bait" operations, the site reported, neither Chicago police nor the FBI offered comment on the truck. Authorities use everything from fake drugs and modified cars to GPS-affixed packages and bikes to weed out thieves nationwide. Theft of in-transit property, known as cargo theft, caused nearly $27 million in losses in 2016, according to FBI data.

But some community members perceived an alleged bait truck, left in an impoverished neighborhood near a basketball court, as an obvious attempt to target black youth as racially lopsided arrests unfold nationwide.

https://www.usatoday.com/story/news/nation-now/2018/08/08/bait-truck-video-shows-chicago-neighbors-confronting-police/936516002/

Florida bystander shoots gunman who opened fire at festival

Source: AOL

TITUSVILLE, Fla. (AP) — A bystander who was lawfully carrying a firearm shot a gunman who had started firing at a back-to-school festival along Florida's Space Coast.

Florida Today reported Monday that the gunman was shot in the head and airlifted to the hospital with life-threatening injuries. Police haven't yet identified the gunman from Saturday's shooting at the "Peace in the City" festival in Titusville.

Authorities say he got into a fistfight earlier in the day and returned to the park with a gun and opened fire. School supplies were handed out at the festival and there were around 150 people in the area when the shooting started.

The bystander was cooperating with investigators and wasn't expected to face charges. No one else was injured.



Read more: https://www.aol.com/article/news/2018/08/06/florida-bystander-shoots-gunman-who-opened-fire-at-festival/23497128/

China loses status as world's second-largest stock market amid trade war with US

Source: CNBC

Chinese shares ceded their ranking as the second-largest stock market in the world to Japan, the Financial Times reported on Friday.

Chinese stocks were worth a total of $6.09 trillion at the market close on Thursday, the FT said, referring to figures from Bloomberg. That compared to the $6.16 trillion market value of the Japanese shares at the end of the Thursday trading session.

China's market surpassed Japan in market value in November 2014 to become the world's second-largest, the FT said. The U.S. stock market, which continues to be the world's largest, was valued at $31 trillion at the end of Thursday, it added.

The change in rankings came after Asian markets declined in the previous session amid an elevation in trade tensions after the Trump administration said it was considering increasing a proposed tariff on $200 billion in Chinese goods to 25 percent compared to an initially announced 10 percent.



Read more: https://www.cnbc.com/2018/08/03/china-loses-status-as-worlds-second-largest-stock-market-to-japan.html

Cop's gun accidentally goes off at officer's funeral, 2 hurt

Source: NY Post

CRANSTON, R.I. — The Cranston police department is reviewing an incident in which a gun accidentally went off after the funeral for a slain Massachusetts police officer, slightly injuring two other officers.

The July 20 incident, just coming to light, involved a Cranston police sergeant who had been part of the honor guard for the funeral of Weymouth Police Sgt. Michael Chesna, who was fatally shot while investigating a car crash.

A police report says the Cranston officer, who was not identified, was changing out of his uniform on a bus outside Blue Hill Cemetery in Braintree, Massachusetts, when his gun accidentally slipped from his holster and went off.

Two Massachusetts Institute of Technology police officers who were in the area were slightly hurt by debris kicked up by the bullet. Both refused medical treatment.



Read more: https://nypost.com/2018/08/02/cops-gun-accidentally-goes-off-at-officers-funeral-2-injured/

32-Year-Old Arrested, Accused of Setting Destructive Cranston Fire in Idyllwild

Source: NBC

A 32-year-old man from Temecula was arrested on suspicion of arson Wednesday night after he was accused of setting multiple fires, one of which burned thousands of acres in the San Bernardino National Forest, destroyed homes and forced thousands to flee.

Brandon N. McGlover was arrested on suspicion of five counts of arson to wildland after the Cranston Fire erupted earlier the same day. The Cranston Fire consumed at least 4,700 acres, leveled five residential structures and closed roads.

The Cranston Fire was reported at around noon off state Route 74 in the forest area between Hemet and Mountain Center, according to the U.S. Forest Service. The fire was burning "with a rapid rate of spread," according to the USFS.

No injuries have been reported in connection with the blaze, which was zero percent contained as of Wednesday night. The cause of the fire has not been confirmed, but California Highway Patrol Officer Darren Meyer said a motorist who witnesses said was spotted "near the origin of the fire" was detained.





Read more: https://www.nbcsandiego.com/news/local/Hemet-Fire-Mountain-Center-Cranston-Highway-74-Smoke-evacuations-489151821.html

Florida man faked his murder using a gun and a weather balloon

The mysterious death of a Florida man has been solved, police say, after piecing together an elaborate suicide plot that included a weather balloon hoisting a gun into the sky. Palm Beach Gardens police began investigating the death of Alan Jay Abrahamson as a homicide. His body was found with a bullet wound to his chest in a field near his country club home in Palm Beach Gardens, Florida, on Jan. 25. Abrahamson, known to carry $200 to $300 in cash, had no cash in his wallet. His watch was missing. Police, who found no weapon or shell casings, began searching for suspects. They did find a pair of small scissors.

A $3,000 reward drew no leads. As time went on, police had more questions about what really happened to the well-loved man, "known for his extraordinary smile, contagious laugh and the twinkle in his eyes," according to his obituary in The Palm Beach Post. Surveillance video obtained a few days after the death shows Abrahamson's last moments: Wearing a long-sleeve sweatshirt, blue ball cap, shorts and sneakers, Abrahamson walks off of a sidewalk and off camera. Something was in his left hand. About 37 minutes passes. Then, a gunshot is heard.

An email found on Abrahamson's phone suggested he bought a weather balloon on Christmas day of last year. A purchase none of his friends could explain. He didn't have an interest in aerial photographer or meteorology. He also purchased helium tanks. In February, police entertained the idea that Abrahamson's death might have been a suicide. The working theory became: He tied a gun to a string, attached it to the weather balloon, and once the shot was fired, the balloon carried the weapon away from the scene.

"Although the theory seemed far-fetched, it was plausible," a police report states. A blood stain on Abrahamson's sweatshirt appeared to support the claim: A long thin line of blood had traveled up — "indicating that something was in the blood and dragged across to the top of the shirt," police note.

https://www.usatoday.com/story/news/nation-now/2018/07/16/florida-man-faked-his-murder-using-gun-and-weather-balloon/787566002/

Britain's Daily Mirror front page headline for today - HOW DARE YOU



https://twitter.com/andylines/status/1017878691429351425

Arizona woman, 92, shot, killed son who tried putting her in assisted living

An elderly mother in Arizona allegedly shot and killed her son on Monday after she learned of his plans to put her in a nursing home, officials said.

Anna Blessing, 92, had been thinking about her son's intentions to put her in a home for days, the Maricopa County Sheriff's Office stated in a news release. She confronted him on Monday morning with two pistols that she hid in her robe, according to police.

Blessing told police "she removed the handgun and fired multiple rounds striking and killing her son." It was at that point that the elderly woman reportedly pointed the gun at her son's girlfriend and a struggle ensued.

The weapon reportedly "dislodged" from Blessing's hand, before she grabbed a second gun and tried to point it at the girlfriend, who knocked it out of Blessing's hand.

The girlfriend called police and Blessing was taken into custody. She was charged with one count of first-degree murder, one count of aggravated assault with a deadly weapon and one count of kidnapping.

http://www.foxnews.com/us/2018/07/03/arizona-woman-92-shot-killed-son-who-tried-putting-her-in-assisted-living-cops-say.html

California bows to beverage industry, blocks soda taxes

A new push by the beverage industry is slowing the expansion of soda taxes in California and elsewhere. California cities pioneered soda taxes as a way to combat obesity, diabetes and heart disease, but the Legislature and Gov. Jerry Brown on Thursday bowed to pressure from beverage companies and reluctantly banned local taxes on soda for the next 12 years.

It follows similar bans recently passed in Arizona and Michigan. Voters in Oregon will decide on a statewide ban in November. The American Beverage Association, which represents Coca-Cola, PepsiCo and others, has backed the moves after several cities passed taxes on sugary drinks in recent years.

California’s ban is part of a last-minute maneuver to block a beverage industry-backed ballot measure that would make it much harder for cities and counties to raise taxes of any kind. The ABA said in a statement the legislation is about keeping groceries, including drinks, affordable. Lawmakers approved the proposal despite deep reluctance.

“This industry is aiming a nuclear weapon at government in California and saying, ‘If you don’t do what we want we are going to pull the trigger and you are not going to be able to fund basic government services,’” said Sen. Scott Wiener, a Democrat from San Francisco, which has a soda tax.

https://www.nbcnews.com/health/heart-health/california-bows-beverage-industry-blocks-soda-taxes-n887796
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