The Risk Of A ‘Catastrophic’ U.S. Bitcoin Ban ‘Is Now Past’

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Deutsche Bank Gets Raided After Calling Bitcoin a Risk for Criminal Activity

Deutsche Bank Gets Raided After Calling Bitcoin a Risk for Criminal Activity submitted by Suberg to Bitcoin [link] [comments]

The growth of Bitcoin and other cryptocurrencies is a bad sign for the global banking system, warned the Basel Committee. The banking supervision forum said that crypto assets had become popular despite exhibiting a high degree of volatility and risk.

The growth of Bitcoin and other cryptocurrencies is a bad sign for the global banking system, warned the Basel Committee. The banking supervision forum said that crypto assets had become popular despite exhibiting a high degree of volatility and risk. submitted by himadri-saha to CryptoCurrency [link] [comments]

Bitcoin reorg: Recovering exchange losses is like a bail-out for banks mismanaging risk, says Andreas Antonopoulos

Bitcoin reorg: Recovering exchange losses is like a bail-out for banks mismanaging risk, says Andreas Antonopoulos submitted by n4bb to CoinPath [link] [comments]

Banks Issue Last Minute Warning About Risks Of Bitcoin Futures, Ask Regulator For Review

Banks Issue Last Minute Warning About Risks Of Bitcoin Futures, Ask Regulator For Review submitted by c63amg11c to Bitcoin [link] [comments]

Deutsche Bank Gets Raided After Calling Bitcoin a Risk for Criminal Activity - Bitcoinist

Deutsche Bank Gets Raided After Calling Bitcoin a Risk for Criminal Activity - Bitcoinist submitted by ulros to fbitcoin [link] [comments]

Deutsche Bank Gets Raided After Calling Bitcoin a Risk for Criminal Activity

Deutsche Bank Gets Raided After Calling Bitcoin a Risk for Criminal Activity submitted by n4bb to CoinPath [link] [comments]

11-30 00:34 - 'Deutsche Bank Gets Raided After Calling Bitcoin a Risk for Criminal Activity' (bitcoinbreaking.news) by /u/BitcoinBreakingNews removed from /r/Bitcoin within 217-227min

Deutsche Bank Gets Raided After Calling Bitcoin a Risk for Criminal Activity
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Author: BitcoinBreakingNews
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Deutsche Bank Gets Raided After Calling Bitcoin a Risk for Criminal Activity

Deutsche Bank Gets Raided After Calling Bitcoin a Risk for Criminal Activity submitted by Ranzware to BitNewsLive [link] [comments]

Deutsche Bank Gets Raided After Calling Bitcoin a Risk for Criminal Activity

Deutsche Bank Gets Raided After Calling Bitcoin a Risk for Criminal Activity submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Banks Issue Last Minute Warning About Risks Of Bitcoin Futures, Ask Regulator For Review

Banks Issue Last Minute Warning About Risks Of Bitcoin Futures, Ask Regulator For Review submitted by BitEthsa to ethtrader [link] [comments]

UK national risk assessment for terrorist financing & money laundering: Banks are #1 risk. Bitcoin is lowest risk.

UK national risk assessment for terrorist financing & money laundering: Banks are #1 risk. Bitcoin is lowest risk. submitted by scotty321 to btc [link] [comments]

[Holger Zschaepitz] Slow start expected for new #bitcoin futures as tight risk limits imposed by banks and brokers keep all but a handf… https://t.co/GX0FJEdfjQ

[Holger Zschaepitz] Slow start expected for new #bitcoin futures as tight risk limits imposed by banks and brokers keep all but a handf… https://t.co/GX0FJEdfjQ submitted by jeff98379 to newstweetfeed [link] [comments]

Banks Issue Last Minute Warning About Risks Of Bitcoin Futures, Ask Regulator For Review

Banks Issue Last Minute Warning About Risks Of Bitcoin Futures, Ask Regulator For Review submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Deutsche Bank's list of 30 market risks for 2018. Inflation #1. Bitcoin crash #13. Good news for Bitcoin

Deutsche Bank's list of 30 market risks for 2018. Inflation #1. Bitcoin crash #13. Good news for Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

[This is the reason Bitcoin exists, banks implement poor monetary policy that spreads risk to public, fiat-currency hodlers beware] The Fed Is Preparing $1 Trillion In QE For The Next Recession: Deutsche

[This is the reason Bitcoin exists, banks implement poor monetary policy that spreads risk to public, fiat-currency hodlers beware] The Fed Is Preparing $1 Trillion In QE For The Next Recession: Deutsche submitted by pimpingken to Bitcoin [link] [comments]

Even in Switzerland, where financial authorities approved a private bank for bitcoin asset management, the Crypto Valley Association distributed Tuesday a paper by local lawyers to define three categories of tokens and four kinds of associated risks.

submitted by originblock to u/originblock [link] [comments]

Blockchain Surveillance Tool Created for Banks to Visualize Bitcoin Risks

Blockchain Surveillance Tool Created for Banks to Visualize Bitcoin Risks submitted by CryptoCurrencyNews to CryptoCurrency [link] [comments]

Blockchain Surveillance Tool Created for Banks to Visualize Bitcoin Risks

Blockchain Surveillance Tool Created for Banks to Visualize Bitcoin Risks submitted by castom to Bitcoin [link] [comments]

Blockchain Surveillance Tool Created for Banks to Visualize Bitcoin Risks

Blockchain Surveillance Tool Created for Banks to Visualize Bitcoin Risks submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Could Bitcoin be a viable hedge for (say) a Spaniard against the risk of a Cyprus-style loss of bank savings?

The idea would be that in the event of such an attack on bank accounts where people's money is taken or threatened, the resulting increase in price of BTC would mitigate or cover the loss of bank savings. Is that likely to work out? If so, how much BTC would you hedge per $10K in savings?
submitted by kukkuzejt to Bitcoin [link] [comments]

[This is the reason Bitcoin exists, banks implement poor monetary policy that spreads risk to public, fiat-currency hodlers beware] The Fed Is Preparing $1 Trillion In QE For The Next Recession: Deutsche

[This is the reason Bitcoin exists, banks implement poor monetary policy that spreads risk to public, fiat-currency hodlers beware] The Fed Is Preparing $1 Trillion In QE For The Next Recession: Deutsche submitted by BitcoinAllBot to BitcoinAll [link] [comments]

US OFAC issues advisory: ransom payments for ransomware may involve felony charges and personal civil liability for staff.

Relevant Excerpt:
Under the authority of the International Emergency Economic Powers Act (IEEPA) or the Trading with the Enemy Act (TWEA),9 U.S. persons are generally prohibited from engaging in transactions, directly or indirectly, with individuals or entities (“persons”) on OFAC’s Specially Designated Nationals and Blocked Persons List (SDN List), other blocked persons, and those covered by comprehensive country or region embargoes (e.g., Cuba, the Crimea region of Ukraine, Iran, North Korea, and Syria). Additionally, any transaction that causes a violation under IEEPA, including transactions by a non-U.S. person which causes a U.S. person to violate any IEEPA-based sanctions, is also prohibited. U.S. persons, wherever located, are also generally prohibited from facilitating actions of non-U.S. persons, which could not be directly performed by U.S. persons due to U.S. sanctions regulations. OFAC may impose civil penalties for sanctions violations based on strict liability, meaning that a person subject to U.S. jurisdiction may be held civilly liable even if it did not know or have reason to know it was engaging in a transaction with a person that is prohibited under sanctions laws and regulations administered by OFAC.
Sauce Here: https://home.treasury.gov/system/files/126/ofac_ransomware_advisory_10012020_1.pdf
OFAC Sanctions list here: https://sanctionssearch.ofac.treas.gov/
Analysis: Both TWEA and IEEPA carries Criminal and Civil penalties, so under these acts they can fine the company, fine staff directly, or press criminal charges. We know the US Government as part of both the 5 eyes agreements and domestic bank monitoring programs under FACTA monitors all international wire transfers. Bitcoin and other cryptocurrencies generally leave a paper trail that can be traced back to who purchased the currency.
What I expect to start happening here is most CFO's are going to write off the cost of the ransom as a tax deduction which tips off the IRS that a ransom of some kind was paid. I expect the next step is the IRS is going to start asking for additional proof of payment and additional information about the cases. That puts CFO's in a bind, because I expect both the IRS, and federal courts, won't let it fly that you didn't know who you were paying money to under the TWEA. They'll sit on the data, and when eventually an APT Group gets compromised, they'll trace the payments back via said tax records. At that point, if your org paid under this, that data gets used to open up a search warrant and then they rip you a new one especially if the payment was substantial.
The bigger issue here is it opens up tremendous liability for security services firms and insurers who pay ransoms on behalf of clients or advise clients to pay ransoms.
Now is a good time to review your backup strategy and ensure you have tested backups that are isolated from your infrastructure.
For those of you with your hands tied behind your back, now is a good time to gently remind your management staff, and especially the CFO if you have their ear, that they cannot rely on the renound cryptographic competence of our eastern european bretheren, and that their worst-case risk is a determined remote attacker and adversary of the US infecting your network, destroying the data while making it look like a ransomware attack, selling you worthless encryption keys to fund their operation before flaunting the fact they took you for a fool with a press release taking credit for the attack to tip off state government you paid them in order to further disrupt the company operations via putting your talented technical staff or c-suite staff in handcuffs and injuring your PR.
To those of you in the business who are afraid of being scapegoated or in a tenuous situation, getchu some evidence tape and some tags, some vanilla envelopes and a glue stick. Print 2 copies, put one copy in a folder, seal it with evidence tape and a tag, then use your handy glue stick to adhere the other vanilla folder to its back and put the 2nd copy in so you can review the paperwork without breaking the evidence seal and shove that sucker in a fire proof safe or safety deposit box. Also, Mailstore home is free.
TL;DR: If your company is attacked by ransomware, tell the management only facts of the occurance you know, what you can and cannot do for them, and don't advise them of anything upto and including getting a security services firm involved. I wouldn't even tell them paying the ransom might work. If you're going to have a verbal conversation, make it a one-on-one.
Happy Saturday all!
submitted by JohnWickBOFH to sysadmin [link] [comments]

Miner Centralization: BIG RISK For Bitcoin?? Trading Bitcoin: 4 Steps to Calculate Your Position Size ... Warren Buffett: Bitcoin Is An Asset That Creates Nothing ... WARNING: The Truth About Bitcoin - YouTube RACE FOR THE CASH! Bitcoin Results, High Risk Coin Pusher ...

He reiterated his views that Bitcoin is an alternative to banks and would save the investors from them. Draper is advising millennials to “start building their empire by investing in a model that doesn't cost them 2.5 to 4% every time they swap their credit card.” “My money is at risk in banks. They’re hacked all the time. In 2017, JPMorgan’s CEO Jamie Dimon even labeled bitcoin as a “fraud” but now JP Morgan banks major cryptocurrency companies including Gemini and Coinbase. Here are the top 10 risks of bitcoin investing and how to avoid getting caught up in them. 10. The Volatile And Fluctuating Market. The price of bitcoin is constantly changing. As of November 6 ... You banks have a role. Go do the banking role.'” ... Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the ... Banking institutions that are considering whether to accept virtual currencies, such as Bitcoin, must consider the risks involved, including money-laundering. Learn

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Miner Centralization: BIG RISK For Bitcoin??

Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome. #Bitcoin #BTC #mining #China #Halving #cryptocurrency #bitmain #control Berkshire Hathaway CEO Warren Buffett speaks to CNBC's Becky Quick about what he thinks about bitcoin and the cryptocurrency markets. For more of Warren Buff... It is time for an updated video on the risk metric to identify where Bitcoin is, and where it is likely headed over the next few years. The risk metric of BT... If you've ever wondered how Bitcoin really works and what the potential risks are, you're in the right place. Subscribe to TheHub http://goo.gl/87YJzG Have y... Lets talk about Bitcoin and what I THINK caused the recent jump in price - enjoy! Add me on Instagram: GPStephan The YouTube Creator Academy: Learn EXACTLY h...

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