A Blockchain RegTech Solution to the World’s $200 Billion a year Identity Verification Crisis: Introducing Velix.ID

A Blockchain RegTech Solution to the World’s $200 Billion a year Identity Verification Crisis: Introducing Velix.ID Bitcoin Press Release:Blockchain RegTech Solution RegTech Startup Velix.ID are building a blockchain platform to ease the processes of identity verification and sharing across business and consumer markets globally. January 15th 2018, Singapore, Malaysia – In the fast-moving 21st century with… Please follow and like us:

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South Korea’s Bitcoin Crackdown Maybe Toned Down

The price of bitcoin, the world’s most popular cryptocurrency at present, took a beating Thursday after reports said South Korean Justice Minister Park Sang-ki was planning a ban on cryptocurrency exchanges in the country, which is a global hub for such trading platforms. But on Friday, the country’s finance minister reportedly made statements toning down the… Please follow and like us:

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Jamie Dimon predicts 4% GDP growth, retracts Bitcoin fraud charge

J.P. Morgan boss Jamie Dimon also regrets calling ‘bitcoin’ a fraud By Mike “Mish” Shedlock JPMorgan CEO Jamie Dimon is in the news twice Monday morning, once regarding GDP and once for a Bitcoin retraction. Jamie Dimon claims JP Morgan’s chief economist is wrong about the economy: Dimon Predicts 4% Growth. Dimon said he expects the… Please follow and like us:

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William Bozeman, Federal Reserve in patent fight over fraud detection software

William Bozeman, an independent inventor with a colorful history, says he used to have a good relationship with the Federal Reserve System and even helped improve its fraud detection efforts. He thought the Fed was working toward a licensing deal for some of his software, which he said could help spot fraudulent checks earlier than the… Please follow and like us:

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Question Posed: How Did Bob Corker Go from ‘Dead Broke’ to $69 Million Net Worth During 11 Years in U.S. Senate?

“How do you increase your net worth by 69 million dollars while you’re working full-time as a Senator?” That’s the question Rolling Stone reporter Matt Taibbi asked about Senator Bob Corker (R-TN) on Friday. Neither Taibbi nor Rolling Stone are fans of Corker (or of President Trump, Republicans, or conservatism in general). And Rolling Stone has… Please follow and like us:

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Broker Charged With Illegally Accepting $1M in Cash Kickbacks: Enforcement

The Securities and Exchange Commission charged a Wall Street stockbroker with illegally accepting more than $1 million in undisclosed kickbacks for giving certain customers preferential access to lucrative inital public offerings, enabling them to reap major trading profits in the secondary markets. The SEC alleges that Brian Hirsch subverted allocation policies and procedures at two brokerage… Please follow and like us:

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These Are the Biggest Threats to Investors, State Regulators Say

State securities regulators will be busy policing new and emerging scams in the new year. The North American Securities Administrators Association has just released its annual survey of state securities regulators’ top five current investment practices, products or schemes they’ve encountered over the past year as well as what they see as “emerging” threats in the… Please follow and like us:

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SEC Cyber Team Files First Charges Against ICO Scam

The recently formed cyber unit of the United States Security and Exchange Commission filed its first charges Monday after obtaining an emergency asset freeze to stop an alleged Initial Coin Offering (ICO) fraud. In a complaint filed in federal court in Brooklyn, New York, the SEC claimed Dominic Lacroix and his startup PlexCorps have been scamming… Please follow and like us:

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Disposable credit card numbers provide extra security

At a time when online credit card fraud seems like a foregone conclusion, here’s one potential solution: Instead of trying to prevent card numbers from being pilfered on the web, simply use numbers you don’t mind being stolen. That’s the pitch from a startups that specialize in offering virtual cards — credit or debit card numbers… Please follow and like us:

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Supreme Court to decide who is a protected business whistleblower

WASHINGTON — The Supreme Court is to hear arguments Tuesday in a case that could determine whether corporate whistleblowers are protected from being fired if they disclose wrongdoing to company officials rather than to the Securities and Exchange Commission. At issue is the scope of the Dodd-Frank Act, which aimed to encourage whistleblowers and prevent the… Please follow and like us:

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Why we need to save the Consumer Financial Protection Bureau

By Jeff Sovern, Professor of Law, St. John’s University, Gina M. Calabrese, Professor of Clinical Education, St. John’s University, and Ann L. Goldweber, Professor of Clinical Education, St. John’s University. Consumer Financial Protection Bureau Director Richard Cordray, center, plans to step down at the end of the month. AP Photo/Steve Helber Republicans in Congress and the… Please follow and like us:

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US sanctions 10 more Venezuelan government leaders

MIAMI — Denouncing last month’s regional Venezuelan elections as irregular, the Trump administration imposed new individual sanctions Thursday against 10 Venezuelans it accused of undermining democracy, censoring the news media and engaging in the corrupt administration of government-run food programs. The Treasury Department froze U.S. assets, banned U.S. travel and prohibited Americans from doing business with… Please follow and like us:

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FBI plants bull’s-eye on GM, Ford as UAW scandal widens

DETROIT — The FBI’s probe into financial shenanigans by UAW and auto executives has extended to General Motors and Ford, which join FCA in a growing scandal that focuses on stolen training funds, according to a source familiar with the investigation. At the heart of the probe is whether funds that were meant to train autoworkers… Please follow and like us:

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Cryptocurrencies – the Emerged Elephant in the Room

The world’s monetary landscape is shifting, and one of the biggest factors is the dramatic rise in the value of cryptocurrencies so far in 2017. Emerging from the online cypherpunk community, and developed in the late 2000s, cryptocurrencies are digitised coins with no physical format- essentially, it’s currency that exists exclusively in the online world, through… Please follow and like us:

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Yahoo says all 3 billion user accounts were exposed in hack: Here’s how to protect yourself!

Another day, another data breach announcement! Yahoo revealed Tuesday that the massive security breach back in 2013 impacted every single user in its database — all three billion accounts — which is triple the number the company originally estimated back in December of last year. After continuing to increase the number of potentially vulnerable users, Yahoo’s… Please follow and like us:

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