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US network C-SPAN suspends Steve Scully over lies about Twitter hack

US political network C-SPAN has suspended a producer, Steve Scully, over his repeated lies concerning his Twitter account being hacked. Scully had been a candidate to moderate the second US presidential debate, which has since been canceled. The producer and editor has admitted to lying about his Twitter account being hacked as recently as October 8th. In addition to being accused of lying about Twitter hacks, Scully has also been accused of having a political bias, which is still an open topic. President Trump has commented that Scully is a part of an anti-Trump group, although this group doesn't have specific ties to a political party in the USA.

Why it matters?

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US files tax evasion charges against Robert Brockman in largest case ever

US Federal prosecutors have filed tax evasion charges against billionaire Robert Brockman in the largest tax evasion case in the history of the country. Brockman used offshore bank accounts and shell companies to avoid paying as much as $2 billion in taxes he owed to the US government. The accounts were held in tax havens like Switzerland, the Caribbean, and Bermuda. The billionaire was apprehended as a result of a deal that the US government struck with Robert Smith, another billionaire who was also using complex financial arrangements to evade taxes. Smith was forced to pay around $140 million in fines, and also helped the government apprehend Brockman.

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Bitcoin may benefit as IMF head calls for new “Bretton Woods” agreement

Bitcoin may be a beneficiary of a new monetary world order. The established financial system is under a tremendous amount of strain, and trillions of dollars have been created over the course of 2020. Additionally, most governments are running massive deficits, which is unlikely to end anytime soon. The new managing managing director of the IMF, Kristalina Georgieva, thinks that drastic action may need to be taken.

She commented,

“Today we face a new Bretton Woods “moment.” A pandemic that has already cost more than a million lives. An economic calamity that will make the world economy 4.4 % smaller this year and strip an estimated $11 trillion of output by next year. And untold human desperation in the face of huge disruption and rising poverty for the first time in decades.”

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Filecoin network mining operations strike just one day after platform launch

Protocol Labs' Filecoin platform has effectively been brought to a halt do to insufficient mining resources. The architecture that Filecoin uses requires that miners stake a substantial number of FIL, or Filecoin tokens in order to build blocks, however, as the project is new, there are very few FIL tokens available. As a result, it is very hard for the miners to operate the platform, or even acquire FIL tokens in order to begin mining on the platform. As a result of the situation, Protocol Labs may distribute FIL tokens as a reward to miners, so that the system can begin operating in the way that the company had hoped it would.

Why it matters?