Vancouver lawyer Faiyaz Dean has agreed to stop practicing law in B.C.after he initially had his practice restricted — but not suspended or banned — by the Law Society of B.C.after a United States court ruled in late November he violated securities laws in relation to a pump-and-dump scheme and expelled him from penny stock…
General Crypto
General Crypto
Bitcoin as a reserve currency may only follow an economic collapse – AMBCrypto
It was no surprise that Bitcoin was birthed in the aftermath of the collapse of the traditional financial market.Corruption in banks and governments positioned the cryptocurrency, untethered from both realms, to make its mark on public minds and thereby become a beacon for financial freedom. More than a decade later, Bitcoin is seen more as…
Death toll rises to 24 in Cambodia building collapse, some still trapped
Death toll rises to 24 in Cambodia building collapse, some still trapped By Prak Chan Thul PHNOM PENH, Jan 5 (Reuters) – At least 24 people were killed and 23 injured after a building in Cambodia collapsed, trapping workers under rubble, officials said on Sunday.The seven-storey concrete building collapsed on Friday in the coastal town…
A big bet on Singapore’s digital banking | Analysis
E-banks target the digitally-savvy, connected generation and use mobile devices extensively Image Credit: Shutterstock The much-anticipated arrival of virtual banking in Singapore is unlikely to be an “aha” moment for consumer finance, but corporate banking will be different.One should expect disruption. The application period for Singapore’s first internet-only lenders ended last week with five known…
The European Union is no match for the financial crime gangs | Banking
European Union flags fly outside the European Commission headquarters in Brussels, Belgium.Image Credit: Reuters Europe’s reputation on financial crime took another battering in 2019.Several of the region’s biggest lenders, including ABN Amro Bank NV and Swedbank AB, were tarred by allegations that they let criminals move around their cash unhindered, a reminder that Danske Bank…
Bitcoin and cryptocurrency: Myths and realities – Part 3: The foundation – ft.lk
Every house needs a good foundation to stand on.Every tree requires strong roots to grow.Every train needs solid tracks to run on.Sensing a theme? Good! Roots, foundations, backbones, whichever term we use, a firm, solid base is important if you want something to last.So today, we delve into the reason that Bitcoin has lasted for…
HSBC Closes 2 Branches Following New Protests in Hong Kong – All Coins Daily
HSBC had two of its Hong Kong branches closed on Jan.2, the first working day of the year, following attacks by protesters during the latest anti-government demonstrations on New Year’s Day.The banking giant also closed seven indoor ATM clusters and announced on Friday it will suspend overnight services at 19 other ATM locations on weekends…
Iran crisis: Bitcoin price surges amid growing tensions with US
Bitcoin’s volatile history in pictures 1/8 Satoshi Nakamoto creates the first bitcoin block in 2009 On 3 January, 2009, the genesis block of bitcoin appeared.It came less than a year after the pseudonymous creator Satoshi Nakamoto detailed the cryptocurrency in a paper titled ‘Bitcoin: A peer-to-Peer Electronic Cash System’ Reuters 2/8 Bitcoin is used as…
Daily Market News: China hopes for a swift resolution to trade talks
Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for December 9, 2019.The text below is an excerpt and does not contain the full analysis. Highlights include: November Job Report Shatters Expectations: Last month, employers added 266,000 jobs during the month, around 80,000 more than consensus expectations.These…
A guide to scalability
Bitcoin is slow by design Blockchains were not necessarily built for speed.Satoshi designed bitcoin with security and decentralization top of mind, and acknowledged that the system would struggle versus centralized competitors such as the major credit card networks.Instead, bitcoin’s ten minute block times and small block sizes have helped preserve consensus of the global, leaderless…