Subscribe

Search
Thursday
Jan182018

South Korea Wants To Ban Crypto Trade, While Government Officials And Big Banks Make Millions

South Korea’s market-rattling drama over an impending cryptocurrency trade ban added another layer of complexity today. While the government has been deliberately vague about when and how strictly it will crack down on cryptocurrency activities, it has emerged that at least one financial regulatory employee was allegedly banking on the cryptocurrency craze through insider trading and big banks made millions of dollars last year on commissions.

The Financial Supervisory Service director Choi Heung-sik told lawmakers his agency is investigating a claim that one of its three employees who are part of a pan-government crypto regulation task force was using internal information to profit off cryptocurrency.

Click to read more...

Thursday
Jan182018

Sweden to publish leaflets warning citizens over potential war

EDITOR'S NOTE: If there is an attack on Sweden... Russia won't be behind it! It's just more bullshit propaganda!

Sweden is preparing to issue leaflets to 4.7 million households this spring amid growing fears it could be dragged into the perils of war.

The leaflets, which urge citizens to prepare for "crisis and catastrophes in peacetime, but also for different kinds of attacks on society and Sweden," is the latest step in the country's revamped defense strategy in response to perceived Russian aggression.

The pamphlet is prompted partly by the "security situation in our neighborhood," meaning the Baltic area, a Civil Contingencies Agency spokesperson told CNN on Wednesday.

Click to read more...

Thursday
Jan182018

What Twitter’s DM Scandal Says About Their Approach to Transparency

Twitter is under fire this week after media organization Project Veritas published undercover footage of engineers from the company saying that employees — “at least, three or four hundred people” read users’ posts and supposedly private Direct Messages.

The company denied the claim, telling BuzzFeed News, “We do not proactively review DMs. Period. A limited number of employees have access to such information, for legitimate work purposes, and we enforce strict access protocols for those employees.”

Twitter hasn’t been great with disclosing its policies around how it manages content and users on its platform, but it seems like the company could have avoided looking as bad as it did.

Click to read more...

Thursday
Jan182018

Senate votes to extend NSA spying program

THE HILL

The Senate on Thursday passed an extension of a government surveillance program, sending the bill to President Trump's desk.

Senators voted 65-34 on the bill, which includes a six-year extension with minimal changes to the National Security Agency (NSA) program.

The vote comes after a tension-filled hour on the Senate floor earlier this week. Opponents tried, but failed, to mount a filibuster to force additional debate on the legislation, with both sides spotted lobbying key holdouts.

And opponents rallied against the bill ahead of Thursday's vote, arguing the legislation is being rushed through.

Click to read more...

Thursday
Jan182018

Julian Assange calls effort of corporations to control Internet discourse “an existential threat to humanity”

The following statement was sent by WikiLeaks founder Julian Assange to the January 16 webinar Organizing Resistance to Internet Censorship, featuring journalist Chris Hedges and WSWS Chairperson David North. Assange sent the statement from the Ecuadorian embassy in London, where he has been trapped for five and a half years. (See today's report on the webinar here)

The future of humanity is the struggle between humans that control machines and machines that control humans.

Click to read more...

Thursday
Jan182018

Dave Janda: Arrests & Prosecutions Are Coming For The Elite

Wednesday
Jan172018

Q Anon, A False Flag Attempt Is Headed Our Way

Wednesday
Jan172018

Senate advances bill to renew NSA's internet surveillance program

The U.S. Senate on Tuesday advanced a bill to renew the National Security Agency’s warrantless internet surveillance program, as a final push by privacy advocates to derail the measure came up one vote short. The vote marked a disappointing end to a years-long effort by a coalition of liberal Democrats and libertarian-leaning Republicans to redefine the scope of U.S. intelligence collection in the wake of the 2013 disclosures of classified surveillance secrets by former NSA contractor Edward Snowden.

The legislation just cleared the procedural 60-vote threshold required to limit debate in the Senate and was expected to earn the simple majority required to officially pass through the chamber sometime later this week.

Click to read more...

Wednesday
Jan172018

Department Working With IRS to Police Crypto Exchanges

The U.S. Department of Treasury is ramping up its enforcement against the potential for money laundering and criminal financing through cryptocurrencies.

Improving "anti-money laundering/combating the financing of terrorism (AML/CFT)” rules is one part of regulating the "evolving threat" of cryptocurrencies, according to Under Secretary for Terrorism and Financial Intelligence Sigal Mandelker, who testified before the Senate Banking, Housing and Urban Affairs Committee on Wednesday.

Financial institutions need to implement new rules to ensure they are complying with new regulations, which will include a new "due diligence" rule which takes effect in May 2018, she said.

Click to read more...

Tuesday
Jan162018

If Bitcoin is Worth Anything, then Verge is Worth More

MEDIUM

A currency has two sources of value. One is extrinsic and the other is intrinsic. The extrinsic value of a currency is its purchasing power. It can buy milk and bread. It can be used to pay rent. Without that power, currency is worth nothing.

The intrinsic value of a currency is more relative. It is the ease with which it facilitates exchange compared to other available options. Gold can be traded for milk and bread, but gold is difficult to lug around. Goods and services can be bartered for other goods and services, but only in specific markets.

What makes a currency successful is the relative ease with which it mediates all those exchanges.

Click to read more...

Tuesday
Jan162018

Can Governments Ban Bitcoin and Cryptocurrency?

Tuesday
Jan162018

If You Look Behind The Curtain, The Economy Is Breaking Apart

Tuesday
Jan162018

Trump Administration Wants to Arrest Mayors of 'Sanctuary Cities'

EDITOR'S NOTE: That would make my day!

The Department of Justice is considering subjecting state and local officials to criminal charges if they implement or enforce so-called sanctuary policies that bar jurisdictions from cooperating with immigration authorities. Immigration advocates argue such a move would be illegal.

Department of Homeland Security Secretary Kirstjen Nielsen made the disclosure Tuesday during a Senate committee hearing on the department’s operations.

“The Department of Justice is reviewing what avenues might be available,” Nielsen said. “The context of this is of course not only putting my [Immigration and Customs Enforcement] officers at risk, but also finding an efficient and effective way to enforce our immigration laws.”

Click to read more...