Cryptocurrency ICOs Must Stop Flying Blind On Money-Laundering Risks

Companies have raised as much as $4 billion this year through token crowd sales, or Initial Coin Offerings, a new mechanism that many startups using blockchain technology in some way have used to bypass traditional venture capital funding routes. That is a lot of money flowing to entities to fund their ideas and develop their products.… Please follow and like us:

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2017: The year the bitcoin craze reached Wall Street

Bitcoin burst out of the shadows in 2017, seducing Wall Street and individual investors alike even though many still struggle to understand precisely what it is. The cryptocurrency’s rise is also pushing regulators to consider taking action after years of simply urging caution. Bitcoin started the year at $1,000 per unit in January but by mid-December… Please follow and like us:

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China and France ink 71 deals

China and France signed more than 70 agreements covering economic and financial cooperation on Friday aimed at strengthening bilateral trade and investment relations and for the joint development of the advanced manufacturing industry. The fifth China-France High-Level Economic and Financial Dialogue, which was held in Beijing from Thursday, co-chaired by Chinese Vice-Premier Ma Kai and French… Please follow and like us:

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Gold demand hits lowest level since 2009: industry

Global demand for gold dropped nine percent in the third quarter, hit by weak buying in key market India, industry body the World Gold Council said Thursday. World demand in the three months to the end of September fell to 915 tonnes compared with one year earlier to stand at the lowest level since the third… Please follow and like us:

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HSBC Q3 profits up five-fold to $4.6 bn on booming Asia

Profits at banking giant HSBC leapt five fold in the third quarter to $4.6 billion, the company said Monday, as business booms in Asia and a huge restructuring drive bears fruit. The massive jump in pre-tax profits came weeks after a new chief executive was unveiled as part of a management overhaul that has seen the… Please follow and like us:

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Bitcoin offers a way around economic sanctions

Bitcoin is a digital currency that exists only online. The value of each bitcoin unit is set by supply and demand in market transactions every day, just like most currencies are today. Since it was launched in 2009, bitcoin has been celebrated, especially by libertarians as a freedom-enhancing innovation potentially freeing people from government control. But… Please follow and like us:

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Why Does the Price of Bitcoin Keep Rising?

The media has announced the death of bitcoin more than 100 times since its inception in 2009, yet its value continues to rise and reach new records. The price of bitcoin hit all-time highs for four days in a row this week, peaking at $1,293 on Friday. With gold trading at $1,230 an ounce, this is… Please follow and like us:

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