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Robert Mueller Appealed For 35 Blank Citations For Its Trial Against Paul Manafort

Special adviser Robert Mueller, who is directing the inquiry about the Russian interference in the presidential election in 2016, has appealed a judge for 35 citations in the blank, as one of the actions of its trial versus Paul Manafort, the ex-chairman of the presidential campaign of Donald Trump.

Hypothetically, this request means that federal prosecutors could appeal to the testimonies of exactly 35 witnesses that might assert against Paul Manafort.

“It is respectfully requested that the Clerk of said Court issue subpoenas as indicated below for appearance before said Court at Alexandria Virginia, in the United States District Court at 10:00 o’clock am, on 10th day of July 2018, then and there to testify on behalf of the United States,” states Mueller’s request document which was listed on April 6th by a districtual court in the state of Virginia.

Paul Manafort pleaded not guilty to allegations of illegalities such as fraud, tax evasion, and money laundering.

“Specifically given the nature of the charges against the defendant and the apparent weight of the evidence against him, the defendant faces the very real possibility of spending the rest of his life in prison,” wrote Judge Thomas Selby Elliss III in a court order.

Manafort’s lawyers work on dropping the allegations which are not linked to the 2016 elections

Mr. Paul Manafort is a renowned political operative with strong bonds to the Republicans and has spent a substantial share of his work as a political adviser in Ukraine.

In reply to the accusations, the lawyer of Paul Manafort has claimed that any allegation that’s not directly connected to the US presidential election of 2016 has to be discarded.

Mr. Paul Manafort is a renowned political operative with strong bonds to the Republicans and has spent a substantial share of his work as a political adviser in Ukraine.

In reply to the accusations, the lawyer of Paul Manafort has claimed that any allegation that’s not directly connected to the US presidential election of 2016 has to be discarded.

“The conduct alleged here was not discovered because of the special counsel’s investigation into alleged coordination; nor was it ‘demonstrably related to’ that investigation,” says a document in the support of Mr. Paul Manafort, which also mentions that few alleged tax infractions would have transpired before Donald Trump even submitted his candidacy to the presidential elections of 2016.

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Crypto Finance News

JPMorgan To Get Sued for Bitcoin Fraud

On the off chance that Jamie Dimon didn’t have confidence that karma can change his plans, he might be an adherent at this point.

So what happened?

JPMorgan has been hit with a lawsuit on affirmations of attaching unannounced layers of expenses in addition to enthusiasm in the wake of surprising the feet of digital currency financial specialists, as indicated by a Reuters report. No big surprise the decentralized upset has arrived.

The bank put the kibosh on credit card buys for digital forms of money prior this year when it additionally started contention by regarding crypto buys as loans, the last of which summon higher expenses. JPMorgan’s CEO Jamie Dimon scandalously called Bitcoin a misrepresentation a while back, and now those words are causing issues down the road for him.

The plaintiff, Brady Tucker, is from Idaho and the claim was documented in a New York court. He asserts that JPMorgan charged extra layers of expenses and considerably higher interest on the loans versus what they charge for credit card buys. The bank declined to move.

A Chase representative disclosed to Reuters that while the bank put a restriction on charge card buys for Bitcoin and Altcoins, they did as such due to the credit risk which was included and called attention to the fact that clients could, in any case, utilize their financial records-liked check cards for buys and bypass expenses. JPMorgan wasn’t the main bank to boycott charge card use for Bitcoin, as Bank of America, Citi and others made similar moves in the midst of a pullback in the Bitcoin cost in the new year.

About the lawsuit

In the interim, the plaintiff is battling back subsequent to being charged these additional expenses, incorporating more than $140 in charges and another $20, in addition to in- sudden interest charges fixing to almost about 6 transactions ideal about a similar time Chase executed the boycott.

As per the claim, there are hundreds and conceivably thousands of other Chase clients who were correspondingly met with these unforeseen expenses in their records. While the suit might be about the charges, it wouldn’t astonishment to discover that it’s additionally about the principles.

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Finance News

Chinese Online Payment Company Could Raise More Than $150 Billion from Investors

Online payments have taken over cash operations at a speed rate. Nowadays, people would rather pay through online methods than by classical means. Investors from all over the world felt the worldwide need to make payments by modern means and created companies specialized in this kind of operations.

One of these smart businessmen is Jack Ma. He has created a company that is already worth over $150 billion. Now, he seems to be willing to do the same thing with Ant Financial, a name that is becoming huge in the world of online payments.
Several reports say that the Chinese tech company is willing to raise billions of dollars from business people who will become its’ investors. In their opinion, the company would be worth $150 billion and this is an estimation prior to the initial public offering.

Ant is part of another company founded by Ma, Alibaba. The holding was valued at $168 billion in 2014, when it was first published at the New York Stock Exchange. Now, the value has considerably grown up to over $445 billion.

Better known as Alipay platform, Ant Financial has serious competition to face; the WeChat Pay platform owned by Tencent is choosing by millions of Chinese shoppers every day. This is not surprising, since everything is bought in China through mobile payment apps. Since the trend is similar all over the world, Ant had the perfect conditions for expanding its services around the Earth.

The difference was made thanks to the diverse services provided to users: next to the online payments, the company also offers an app for the money market fund and opportunities for businesses. These options drawn many investors.

According to economical publications, Ant is heading towards raising at least $8-10 billion only from investors and they will use the money to continue their international expanding. So far, they have partnerships with other mobile payment platforms like Kakao Pay in South Korea, Dana in Indonesia, Paytm in India and GCash in the Philippines.

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Crypto News

European Commission Encourages EU Countries To Commit To Blockchain Technology

In the framework of Digital Day 2018, an event about the digital environment and the countries of the European Union, the Vice-president of the Digital Single Market project of the European Commission, Andrus Ansip, gave a speech in which he invited the EU countries to commit to the development of blockchain technology, as it has now become very popular and of daily use.

The opening speech, issued in Brussels, was disseminated through the official website of the European Commission on Tuesday.

Ansip began by pointing out the achievements of the Commission regarding digital environments and new technologies, as well as the possible future of the European Union in these areas and the approach in other important areas of the EU’s Digital Single Market.

“This year I will again ask the [EU] countries to commit themselves to the digital future and based on data from all over Europe, with a focus on Artificial Intelligence (AI), digital healthcare, and blockchain technologies,” said Andrus Ansip, the VP for the Digital Single Market of the European Commission.

The European Commission sees the advantages offered by the blockchain technology

Furthermore, blockchain technology is being used in almost every sector or area, from financial, health or data storage, to education or entertainment. Europe, in general, has demonstrated its intentions to adopt more and more the use of such technology, which is increasingly used and popular.

“I would like to see EU countries commit themselves in a similar way to blockchain technologies, which are now being withdrawn from the laboratory and are becoming mainstream. As with IA: we must take advantage of this new opportunity to innovate,” added Andrus Ansip.

Also, in the speech, special emphasis was placed on the health sector, because technology, including blockchain, can bring innovation, increase efficiency, and even promote a healthy life.

Essentially, Ansip believes that the digital economy, characterized by cryptocurrencies market and blockchain technologies, together with new legal frameworks will gain force so that a solid Digital Single Market is being built. The representative of the European Commission also said that Europe is a continent well positioned to fulfill a leadership role, especially in the areas of AI and blockchain technology.

Categories
Finance News

Zuckerberg Invited to Start a Social Media Company in China after his Testimony in the U.S Congress

Everybody knows that, lately, Facebook has been involved in a huge data sharing scandal. This unfortunate event caused the social media giant a lot of trouble, since the company had lost a lot of its’ stock market value and their users’ confidence. As a result, the Chairman and CEO, Mark Zuckerberg, has been invited to testify on this matter in front of the U.S Congress.

The decision to appear in front of the Congress was welcomed by Facebook users. They considered that Zuckerberg wants to be transparent and make up for the damage, so now Facebook is a company with increasing market value. Furthermore, the Chinese have been impressed by Zuckerberg’s speech, considering it honest and transparent.

Now, they almost consider him a hero and are inviting him to start a social media network in China. This move is surprising, since in 2010 the country banned Facebook.

What could be the grounds for a social network like Facebook in China

It seems that people have many reasons to think that Zuckerberg will move to China and start a social network there. Over the years, he has learned Mandarin and has declared his affinity for Xi Jinping’s book, so he could be prepared for a total change in his personal and professional life.

The absence of Facebook has helped China develop its own social technology. The best example is Tencent, the Chinese equivalent of Facebook, a network that in 2017 had a market value more important than Facebook, of over $500 billion. Considering this, we can imagine why Zuckerberg wouldn’t want to break up Facebook – he knows that this would mean an important boom for China’s companies and a big loss for American ones.

Until we will know for sure what will happen with Facebook and whether the company’s CEO will move it in China, we can still enjoy the benefits of online communication. Facebook remains one of the most appreciated social networks.

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