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Category Archives: Financial System

The Regulation of Cryptocurrencies – Between a Currency and a Financial Product

Jabotinsky, Hadar Yoana, The Regulation of Cryptocurrencies – Between a Currency and a Financial Product (February 7, 2018). Hebrew University of Jerusalem Legal Research Paper No. 18-10. Available at SSRN: https://ssrn.com/abstract=3119591 or http://dx.doi.org/10.2139/ssrn.3119591  – “As cryptocurrencies gain popularity, the issue of how to regulate them becomes more pressing. The attractiveness of cryptocurrencies is due in part to their decentralized, peer-to-peer structure. This makes them an alternative to national currencies which are controlled by central banks. Given that these cryptocurrencies are already replacing some of the “regular” national currencies and financial products, the question then arises: should they be regulated? And if so, how? This paper draws the legal distinction between cryptocurrencies which are in fact currency and those which are securities disguised as currency. It further suggests that in cases where a token is indeed a security, regular securities regulation should apply. In all other cases anti-fraud measures should be in place in order to protect investors. Further regulation should only be put in place if the cryptocurrency starts increasing systemic risk in the general financial system.”

Capital One hacker took data from more than 30 companies, new court docs reveal

ZDNet: “Paige A. Thompson, the hacker accused of breaching US bank Capital One, is also believed to have stolen data from more than 30 other companies, US prosecutors said in new court documents filed today and obtained by ZDNet. “The government’s investigation over the last two weeks has revealed that Thompson’s theft of Capital One’s… Continue Reading

Meet the next generation of entrepreneurs. They’re all over 65.

MIT Technology Review – Meet the next generation of entrepreneurs. They’re all over 65. “…That’s why Kamber created Senior Planet, a tech-themed community center that preps seniors to hack their way through a world conspiring to keep them sidelined. The glass door reads “Aging with Attitude.” With its sleek grays and wood tables, it rivals… Continue Reading

Researchers map global economy in collaboration with LinkedIn

Phys.Org: “A small team of researchers at Indiana University has created the first global map of labor flow in collaboration with the world’s largest professional social network, LinkedIn. The work is reported in the journal Nature Communications. The study’s lead authors are Jaehyuk Park and Ian Wood, Ph.D. students working with Yong Yeol “Y.Y.” Ahn,… Continue Reading

Virtual currencies in the USA

Thompson Coburn LLP via Lexology – “Given the convenience of established currency and payment systems, what is driving the ever-growing interest in Bitcoin and other virtual currencies? Interest comes from a confluence of several factors. The recent increase in the price of bitcoin showcased the status of this virtual currency as an asset class for… Continue Reading

The Essential Guide to the Federal Budget

PoliticoPro Blog [free]: To receive federal funding, federal agencies must begin developing their budgets 18 months ahead of the next fiscal year. They must also monitor the progress of their requests as they are pushed and pulled through the White House, House of Representatives and Senate. The federal budget process: step-by-step – Download the entire… Continue Reading

Researchers map global economy in collaboration with LinkedIn

Phys.org: A small team of researchers at Indiana University has created the first global map of labor flow in collaboration with the world’s largest professional social network, LinkedIn. “The work is reported in the journal Nature Communications. The study’s lead authors are Jaehyuk Park and Ian Wood, Ph.D. students working with Yong Yeol “Y.Y.” Ahn,… Continue Reading

Our lax cybersecurity policies put our elections and our data at risk

CNN Perspectives – Andrew Grotto – “Our national discussions about cybersecurity and privacy follow a frustrating pattern: a headline-grabbing incident like the recent Capital One breach occurs, Congress wrings its hands and policymakers more or less move on. So it is no surprise cybersecurity hasn’t been much of a focus as the race to the… Continue Reading

Pete Recommends – Weekly highlights on cyber security issues July 28, 2019

Via LLRX – Pete Recommends – Weekly highlights on cyber security issues July 28, 2019  – Privacy and security issues impact every aspect of our lives – home, work, travel, education, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the… Continue Reading

New York Review of Books – Real Americans

Joseph O’Neil – August 15, 2019 Issue – Reviewing: This America: The Case for the Nation by Jill Lepore Liveright, 150 pp., and This Land Is Our Land: An Immigrant’s Manifesto by Suketu Mehta Farrar, Straus and Giroux, 306 pp. “A poignant quality of anachronism threatens these exigent, idealistic books by the writer-professors Jill Lepore… Continue Reading

Equifax data breach settlement: How to file a claim for $125 or free credit reporting

USAToday: “If you were affected by the 2017 Equifax data breach, you can now file a claim for a piece of the settlement. The credit-reporting company has agreed to pay between $575 million and $700 million to settle state and federal investigations related to a massive security incident that exposed the personal information of more than 147 million… Continue Reading