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Showing posts from September, 2019

This AI Platform Identifies Privacy Threats in Social Networks and Messengers

Preserving your online privacy has become almost a lost cause these days. Thankfully, some entrepreneurial minds have taken it upon themselves to help web users stay informed of privacy risks and take action to thwart attempts to access their personal data. Guard is a platform which is doing exactly that. Also read: Bankers Start to Recognize Bitcoin’s Role in Financial Evolution Reading the User Agreement Everyone has multiple online accounts, and most of us are worried about their digital personality being targeted by data collectors and marketing researchers. But we are also guilty of compromising our own security as very few people actually read the small print when subscribing to a service. The people behind Guard have analyzed the privacy policies of major social networks, forums, and messengers, including some of those that are widely used by the crypto community. Their quest has produced some interesting and helpful results. The developers have examined the user agreeme
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Massive Layoffs: Banks Cutting Nearly 60,000 Jobs Worldwide

Banks are laying off workers across the globe as revenue declines throughout the sector. According to reports, banks have announced nearly 60,000 job cuts so far this year, with most of the layoffs happening in Europe, especially in Germany. Also read: Panic at 137 Bank Branches as RBI Limits Withdrawals to ₹1,000 Almost 60,000 Job Cuts Bank employees are being laid off worldwide. Negative interest rates, political uncertainty and threats of trade wars on a global level have all played their part in eroding banks’ balance sheets, along with interest rate cuts which further reduce margins. According to year-to-date company filings and labor union disclosures compiled by Bloomberg, banks have announced that they are cutting 58,200 jobs so far this year. The biggest layoffs are in Europe, where 52,424 jobs, or 90% of the total layoffs, are being slashed, as the European banking sector continues to struggle with profitability. Moreover, 2,769 workers in North America are being let go,
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IRS Releases ‘Tax Cheat’ Info Raising Concerns About Crypto Theft

The U.S. Internal Revenue Service (IRS) released a new report and infographic on Thursday illustrating unpaid or underpaid taxes for the years 2011 – 2013. The numbers reflect estimates based on the last such findings, for the years 2008 – 2010. With commissioner Chuck Rettig citing the importance of voluntary compliance, and crypto’s popularity on the rise, the IRS is growing increasingly concerned with opportunities for tax evasion afforded by the new digital money. Also Read: Bitcoin Is a Viable Way to Remove the State From Your Life Voluntary Compliance The new report and colorful, accompanying infographic don’t show anything out of range from the agency’s estimates last go-round, which found that 83.8% of taxes were paid “voluntarily and on time” for the years 2008 – 2010. The new data shows an 83.6% rate, which is basically unchanged, but also doesn’t show any marked improvement, either. The gross tax gap for the current data has $441 billion in taxes unpaid and/or underrepo
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Bitcoin Is a Viable Way to Remove the State From Your Life

The last decade has seen central banks print trillions of dollars, governments grown much larger, wars continue with no end, and ordinary citizens taxed even more. Thankfully there are individuals and small pockets of people all around the world who believe something is wrong. Many of these people have a plan to help end the illegitimacy of the nation states. Whether it be through protests, unschooling, and spreading stateless education, there are various methods available in this day and age. Bitcoin and the cryptoconomy are also great forms of protest, providing an experiment of voluntarily trade in an untaxed, unregulated economy. Also read: Software Engineer Reveals Oracle Creation Platform for Bitcoin Cash Satoshi’s Invention Unleashed an Alternative to the Rigged Financial System Despite the negativity surroundings the failures of governments worldwide, some people have a strategy to fight back. As the years have progressed, bureaucrats have continued to plunder the everyday
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International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli
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Bankers Start to Recognize Bitcoin’s Role in Financial Evolution

Digitization, disruption, blockchain, and frictionless payments. It’s amazing how prominent figures from the financial elite can provide a pretty detailed description of decentralized money without uttering “bitcoin” or “crypto.” But the fact of the matter is that clever businessmen in any industry, banking is no exception, would quickly spot emerging competition, analyze its strengths, and move to catch up with it before it’s too late. Cryptocurrencies bring financial evolution that’s hard to ignore anymore. Also read: The Number of Cryptocurrency Wallets Is Growing Exponentially Central Banks Have No Tools Left to Deal With Crisis Speaking during the Sibos 2019 conference held recently in one of the world’s financial capitals, London, Deutsche Bank CEO Christian Sewing turned attention towards the problems of the global economy, the serious challenges his and other banks are facing, and emphasized the need to adapt to a rapidly changing environment. Sewing was appointed head of
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Bitcoin Cash Meetups Help Plant the Seeds of Economic Freedom

Our newsdesk recently caught up with Bitcoin.com’s community manager Chris Bridgman who discussed the recent expansion of Bitcoin Cash-focused meetups worldwide. Over the last two years, Bridgman and his partner Akane Yokoo have seen BCH meetups grow from a small handful to around 90 BCH-based gatherings in a number of different countries. Also read: Software Engineer Reveals Oracle Creation Platform for Bitcoin Cash Growing the Bitcoin Cash Community There are numerous ways people can learn about cryptocurrencies and blockchain technology and most of the time individuals research these subjects online. However, learning everything online can be daunting to some people as it can be much harder to ask questions and sometimes online forums are filled with useless trolling and infighting. Bitcoin Cash meetups, however, offer a different ‘hands-on’ approach to learning and spreading the knowledge of BCH to the masses. In the last few years, the BCH community has grown significantly
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