Ex-Indian Lawmaker to be 'Offender' in BTC Extortion Case

The name of Nalin Kotadiya appears in the case of 200 bitcoins which policemen allegedly extorted from businessman
19 June 2018   1806

The court found Nalin Kotadiya, a former member of the Indian Legislative Assembly, implicated in the case of extorting bitcoins worth $ 1.3 million, guilty of evading justice, says SoinDesk.

The city court of Ahmedabad granted the request of the Criminal Investigation Department (CID) to recognize Cotadia as a "fugitive". According to Indian law, an ex-deputy is prohibited from traveling abroad, he can be arrested by any resident of the country, said Indian Express.

This decision was followed after repeated calls by Nalin Kotadiya to the court, which he ignored. Representatives of CID, having a warrant for his arrest, also could not find him at home.

The name of Nalin Kotadiya appears in the case of 200 bitcoins (at that time about $ 1.7 million), which policemen allegedly extorted from businessman Shailes Bhatta in February this year. According to new data, Kotadiya contributed to the abduction of Bhatta.

As noted by CoinDesk, CID already suspected Bhutt and his partner Kirita Paladia of extorting about $ 22 million in cash and bitcoins from a member of BitConnect, a financial pyramid that ceased operations in India in January this year.

BNC to Monitor BTC Community's Mood

The system called Twitter Sentiment analyzes over 34M BTC-related Twitter posts each week, using AI to track the mood of the community
22 January 2020   121

Blockchain-based New Zealand-based research firm Brave New Coin (BNC) has unveiled a new system for measuring the mood of the Bitcoin community based on Twitter messages.

According to BNC, the new Twitter Sentiment rating system analyzes over 34 million BTC-related Twitter posts each week. The company uses artificial intelligence (AI) algorithms that look for records containing the words bitcoin, $ BTC and BTC and others.

BNC notes that user sentiment continues to be a “significant” factor in the price and dynamics of digital assets, and a new technique has been developed to track these sentiments. According to the BNC, it took 18 months to launch the Bitcoin Twitter Sentiment. The data obtained is divided into seven categories - Opinion, Technical Information, Inside the Network, Advertising, Bots, Macros and Hacking.

For the week ending January 17, the most common entries were in the Opinion category - their number was 30.42% of all data received. In second place was the category Technical Information, and in third inside the network (includes information on mining and hashrate).

BNC spokeswoman Pierre Ansaldi said that during the first quarter of this year, the company will also launch community sentiment analysis tools for other crypto assets.