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Capitol riots have led online platforms to crack down on livestreams ahead of the inauguration

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Facebook plans to block “the creation of any new Facebook events” near the White House, the US Capitol and any state capitol buildings through Inauguration Day.

“We’re monitoring for signals of violence or other threats both in Washington, DC and across all 50 states,” the company said in a statement. “In the lead up to Inauguration Day, we have implemented a series of additional measures to continue preventing attempts to use our services for violence.”

YouTube says it has removed multiple videos shot during the assault on the Capitol that appeared to incite violence or show Capitol rioters carrying firearms. The company told CNN it will continue to remove livestreams and other content that violate its guidelines on hate, harassment and election integrity.

And DLive, a streaming service popular with gamers, announced after the Capitol attack it had suspended seven of its users for incitement of violence and illegal activities on January 6.

DLive has since announced additional measures and said it’s blocking all livestreams from the Washington, DC, area on Inauguration Day.

Some fear the Capitol livestreams could inspire further violence

Security experts fear extremists like the ones who invaded the Capitol may be motivated by widely shared images portraying that siege as a success.

The Capitol livestreams provided a platform to spread hate while encouraging those who film them to pander to their followers, said Pete Eliadis, a former law enforcement official and founder of Intelligence Consulting Partners.

Eliadis believes the streamers’ revealing their vantage point inside the Capitol also has broader national security ramifications.

Protesters storming the US Capitol building on January 6.

“It’s being watched by state actors all over the world. … If I’m a bad actor, I know the layout of the Capitol … I can see the defenses, the police response and I can counter that now,” he told CNN. “That’s a huge challenge on a larger scale platform.”

Mob mentality and instant gratification also play a big role,he said.

“Individuals are filming this, they’re blasting it to their followers, their followers are picking it up and it’s bringing immediate feedback and instantaneous reward,” he said. “You’re seeing the impact of your filming, you’re getting that adrenaline rush, you’re almost pandering to your audience. “

That gives the “influencers” more incentive to frame the story through their own lenses, which leads to a dangerous form of power that “enhances the ideology and the movement,” Eliadis said.

Extremists can earn money from livestreams

Some streaming services offer opportunities for their users to make money.

For example, DLive allows users to buy “lemons,” a form of digital currency, using a credit card or cryptocurrency. Each lemon is worth $0.012, and users can donate lemons to a streamer, which can be converted into real money.

On DLive, users can host talk shows, stream their gaming sessions or stream other events in real time — and earn money doing it.

Three women tape signs thanking US Capitol Police officers in a tunnel toward the House of Representatives in the wake of the January 6 attack.

Some commenters watching on DLive called the Capitol assault a “second revolution” and awarded lemons to a handful of users who were streaming from in or around the building.

DLive later intervened, freezing those accounts and saying that lemons donated to those users would be returned to donors.

All streaming platforms have their own influencers who equate fame with money. To stand out, some users engage in a degree of acting — almost like they’re starring in their own movies — to earn revenue, said Cindy Otis, vice president of analysis at Alethea Group, which tracks disinformation and social media manipulation.

And most users will flock to platforms where they can monetize their content, Otis said. For extremists, that can mean smaller, fringe platforms which have less restrictive policies on content and advertise themselves as homes for “uncensored” speech, she said.

Some extremists have moved to more permissive corners of the internet

As platforms crack down on hate speech and incendiary content, extremist ideologies are finding new homes, says Megan Squire, a professor at Elon University in North Carolina and an expert on online extremism.

After the attack on the Capitol, some alternative livestream channels saw growth of up to 200% within hours, Squire told CNN.

Armed National Guard troops are helping to secure government buildings and maintaining a perimeter around the US  Capitol.

“When they are removed from mainstream platforms, extremists and other bad actors will sometimes gravitate to lesser-known platforms in order to continue whatever behaviors got them banned in the first place,” Squire said. “Typically these behaviors include violent rhetoric, hate speech, trolling and harassment, and so on.”

For political extremists, one appeal of fringe or less tightly run platforms can be lax content oversight.

“There is always a risk that any platform that does not have good content moderation standards and strategies will be used by bad actors,” Squire said. “There are smaller platforms that do a great job of content moderation, and there are large platforms that do a terrible job. It’s less about the size than it is about how committed the platform is to enforcing its own standards of behavior.”

Even on smaller platforms such as DLive, extremists make up only a fraction of users.

DLive says the vast majority of its users focus on gaming, with less than 10% talking about current events or politics. And Squire said some DLive gamers are using the platform’s community chats to applaud the suspension of the Capitol rioters and express their frustration at being associated with White supremacists.



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Bitcoin, Ethereum and Altcoins Drop After Tagging Resistance

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Bitcoin price topped near the key USD 52,000 resistance level and started a fresh decline. BTC broke the USD 50,000 and USD 48,000 support levels. It even tested USD 46,000 and it is currently (05:00 UTC) struggling to recover above USD 48,000.

Similarly, there was a fresh decline in most major altcoins. ETH failed to settle above USD 1,665 and declined over USD 150. XRP/USD traded below the USD 0.450 support zone and it might continue lower.

Total market capitalization

Bitcoin, Ethereum and Altcoins Drop After Tagging Resistance 101
Source: www.tradingview.com

Bitcoin price

After a failed attempt to clear USD 52,000, bitcoin price started a fresh decline. BTC broke a couple of important supports near USD 50,000 and USD 48,000. The gained pace below USD 48,000 and it even tested the USD 46,000 level. An immediate resistance on the upside is near the USD 48,000 level. The first major resistance is now forming near the USD 50,000 pivot level.
On the downside, the USD 46,000 zone is a short-term support. The key breakdown support is near the USD 45,000 level, below which there is a risk of a sharp decline to USD 42,000.

Ethereum price

Ethereum price struggled to settle above the USD 1,665 resistance and started a fresh drop. ETH broke the USD 1,600 and USD 1,550 support level. It even broke USD 1,500 and tested USD 1,450. The price is now consolidating losses near USD 1,500, with an immediate resistance at USD 1,550.
If ether price fails to start a recovery wave above USD 1,550 and USD 1,600, there could be a heavy downward move below the USD 1,450 support.

BNB, litecoin, and XRP price

Binance Coin (BNB) failed to stay above the USD 250 support level and declined below USD 235. BNB even spiked below USD 225 and tested USD 220. The price is now back above USD 225, but the previous support at USD 235 and USD 242 could prevent gains. The main resistance is now forming near the USD 250 level.
Litecoin (LTC) declined below the USD 180 level and it even spiked below the USD 172 support. However, the bulls were active above USD 165 and the price is recovering higher. It is trading above USD 170, but there are chances of a strong selling interest near the USD 180 and USD 182 levels. On the downside, the USD 165 level is a major support zone.
XRP price followed bitcoin and broke the USD 0.450 support level. It even broke the USD 0.420 support and traded close to USD 0.410. The price is now recovering higher, but the previous support at USD 0.450 and USD 0.455 could possibly act as hurdles in the near term.

Other altcoins market today

Many altcoins declined over 10%, including XVS, CAKE, STX, DODO, IOST, ICX, SOL, HT, COMP, FTM, BNT, NPXS, DOGE, ATOM, and AVAX. Conversely, 1INCH gained over 20% and it climbed towards USD 4.50.

Overall, bitcoin price failed to clear a major resistance near USD 52,000 and started a fresh decline. If BTC fails to stay above USD 45,000, the bears might aim for USD 42,000.
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Bitcoin, Ethereum and Altcoins Drop After Tagging Resistance 102



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Duma Committee Chief Throws up Roadblock to Russia’s Crypto Tax Plans

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Duma Committee Chief Throws up Roadblock to Russia’s Crypto Tax Plans 101
Source: Adobe/3dmitry

A parliamentary legislation committee leader has stated that there is a need to provide with legal status and legally binding definitions for crypto-related terms in Russia before proceeding with further tax-related lawmaking and regulation. The move potentially throws a spanner into the works of the government’s much-maligned crypto tax proposal, which has already passed its first reading in parliament this month.

Per Interfax, the Chairman of the Committee on State Building and Legislation, Pavel Krasheninnikov, spoke of the need to “legalize” cryptoassets – something that the country’s only piece of crypto-related legislation to date failed to do, instead making use of ambiguous language such as “digital assets,” which could refer to stablecoins, central bank digital currencies and security token offerings, as well as crytoassets like bitcoin (BTC).

The issue of legal status has become a sticking point for Moscow, which is seeking to modify the tax code so that crypto profits can be taxed in Russia beginning in 2022. A number of parties have pointed out (including a presidential advisory body), however, that it is impossible to ask courts to ensure taxes are placed on crypto when the very notion of crypto does not yet exist in the Russian legal framework.

The news agency quoted Krasheninnikov as stating, at a meeting of Yekaterinburg political leaders,

“On the one hand, [cryptoassets] are not recognized as an [asset class]. On the other hand, the government has introduced a bill that requires [cryptoassets] to be taxed. We have told them to decide: either you tax it, which means [cryptoassets] are an [asset class] or, if you say that [cryptoassets] are not an [asset class], do something about it.”

Krasheninnikov also pointed out another possible legal wrinkle: The fact that the aforementioned piece of already-promulgated legislation outlaws payments made in cryptoassets.

If the government wants to assert that crypto is an asset class, the committee chief said that it would then be “necessary to enable transactions,” make it “legal, not as is currently the case.”

It would also be necessary to allow the possibility of inheriting crypto and allow for the “joint ownership” of crypto funds.
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Learn more:
Lawyers Take Aim at Russia’s Crypto Legislation
The G7 Taxman Is Coming for Your Crypto Profits
Here Are the Ways Governments Could Attack Bitcoin – and None of them Sound Hot
Can’t Beat Crypto Regulators? Educate Them
Regulators Ponder Strategy As Bitcoin & Co Are Too Large to Ignore
A Hint From Davos: Regulating Crypto Is ‘in the Public Interest’



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Giant Rakuten to Let Customers Charge E-Pay Accounts with BTC, ETH, BCH

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Giant Rakuten to Let Customers Charge E-Pay Accounts with BTC, ETH, BCH 101
Rakuten CEO Hiroshi Mikitani. Source: Rakuten

The Japanese e-commerce and business giant Rakuten has taken yet another significant step into the world of crypto – by linking its crypto platform with its e-pay operations.

In an official release, the firm announced that it would allow customers of its Rakuten Wallet crypto wallet and exchange platform to top up their e-pay accounts using bitcoin (BTC), ethereum (ETH) and bitcoin cash (BCH), in what it claimed was a Japanese first: The company stated that no other firms allowed “charge-free” crypto-to-e-pay transactions.

The company operates its own Rakuten Cash and Rakuten Pay ecosystems, which allows customers to spend their money via smartphone apps at participating outlets, including the convenience store chains Lawson and 7 Eleven, as well as the Seiyu supermarket group.

Rakuten Cash can also be exchanged for Rakuten Points, which can be used to pay at partner firms like McDonald’s in Japan, as well as the retail chain FamilyMart.

The gateway will mean that crypto customers will also be able to spend their tokens on a range of Rakuten’s own products and services, including its mobile operations, travel, streaming services, as well as its Kobo e-books and audiobooks retailing platform.

The company noted that only customers of its standard crypto wallet would be able to access the Rakuten Cash-buying function, and not the users of its crypto margin trading app – Wallet Pro.

To drum up support for its new offer, the firm announced that it would credit anyone seeking to top up their Rakuten Cash wallets using crypto would receive additional points – as part of a campaign that will run until March 24.

In a further boost for crypto users, the firm will be adding a tab to its e-pay app that will navigate users directly to a Rakuten Wallet-hosted crypto pay interface.

The firm stated that the service would launch in spring this year and crypto transactions would be restricted to a minimum of around USD 9.50, with a maximum monthly limit of USD 950,000.
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Learn more:
Business Heavyweight Rakuten Offers Bitcoin ‘Cashback’ on Pizza Delivery
BIS and SWIFT Intensify Race With Crypto For Cross-Border Payments
Bill Gates Champions His Own ‘Digital Money’ – But What Is It?
PayPal Touts Crypto For Its ‘Super App,’ But It Won’t Buy Bitcoin Just Yet
Digital Yuan Must Dethrone Alipay, WeChat Pay Before Taking on USD – Researcher



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