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Showing results for tags 'banks'.
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I am an American citizen, wondering about this topic. My pipe dream was unite our people, we could benefit each other and we aren't too different. We could unite and work together more effectively against global issues. -
I give it six months before Bitcoin is just a thing of the past. Several exchange nodes have been hit via cyberattacks. This is the most damaging attack on the currency system. I had predicted this to my friends, and looks like the prediction is coming true. I had a feeling if the currency was to fail or encounter major problems, it is not with the currency itself but the infrastructure and systems on which it is built is vulnerable to cyber attacks. If you understand fiat money is based on nothing, bitcoin is based on even less. Now about 750,000 bitcoins could potentially be lost. ht
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First heard this story yesterday, and I can't say I was surprised by it: HSBC receives get-out-of-jail-free card in a real-life game of Monopoly. The New York Times reports this week that megabank HSBC has escaped criminal prosecution for money laundering that probably funded terrorists and narcotics traffickers. Why? Because regulators and prosecutors were petrified that an indictment would undermine the entire financial system. The Times quotes anonymous government sources who confessed fears about bringing formal charges because doing so would be a "death sentence" for the bank. So they
