Mainstream News

Exante Adds Share Trading To Global Bitcoin Hedge Fund

"Exante is the king of bitcoin funds. The tradeable fund shares are distributed exclusively through the Exante Hedge Fund Marketplace platform. Authorized and regulated by the Malta Financial Services Authority, Exante offers the Bitcoin Fund with an initial minimum subscription of $100,000 and a 0.5% fee for subscriptions and redemptions (1 Bitcoin Fund share = 1 bitcoin). The fund carries a 1.75% annual fee (payable in bitcoin to preserve the ratio) for managing the intricate security necessary to safeguard the bitcoin private keys. Current assets under management in the Bitcoin Fund are $9.76 million (93,000 BTC) and there is no performance-based fee." Continue reading →

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Bulgarian protesters: ‘Even if we are smiling, we are angry’

"The spark that ignited this latest crisis in the EU’s poorest country was the Socialist-backed government’s decision earlier this month to appoint a 32-year-old media mogul to head a powerful state security authority. For the protesters, this showed that the new administration was in cahoots with the same old powerful business interests and that its promises of a new era of transparency and accountability were lies. Even though the government quickly reversed the security chief decision, between 7,000 and 10,000 people have taken part in daily demonstrations since June 14 – marching and dancing, shouting and singing along Sofia’s boulevards every evening." Continue reading →

Continue ReadingBulgarian protesters: ‘Even if we are smiling, we are angry’

The daily smart pill that can remember all your passwords

"The tiny swallowable capsules contain a minute chip that transmits an individual’s personal details. Electronic devices will be able to read the unique signal, ending the need for passwords and paper forms of ID, such as passports - and freeing users from such mundane tasks as recalling countless codes and security answers. Already approved by the both the U.S. Food and Drug Administration and European regulators, the ingestible sensor is powered by a battery using the acid in the wearer’s stomach. It then sends a tiny signal that can be read by mobile devices and allows them to verify the identity of an individual." Continue reading →

Continue ReadingThe daily smart pill that can remember all your passwords

Snap up a pint in Britain’s first Bitcoin pub

"Bitcoin has its first British boozer. The Pembury Tavern in Hackney, east London – as well as its sister pubs in Cambridge, Norwich and Peterborough – are now accepting the virtual currency. The system is quick and effective. The bar staff press two buttons on the till and the screen displays a QR code. The customer opens their digital Bitcoin wallet, takes a snap of the screen and confirms the payment. The staff press one more button and the transaction is complete. Snapping the QR code in a crowded bar could be a challenge but in a quiet pub it is faster than paying by card." Continue reading →

Continue ReadingSnap up a pint in Britain’s first Bitcoin pub

New Gold Import Tax In Sri Lanka

"Sri Lanka has announced a 10 per cent tax on gold imports in what observers said was a bid to curb smuggling to India as global markets trading in the precious metal reported sharp price drops to 2010 levels. Earlier this week India — the world’s largest consumer of gold — hiked import duty on the precious metal to eight per cent to stem surging demand and reduce the country’s ballooning current account deficit, as consumers sought to exploit the fall in prices. Local industry watchers say the new tax in Sri Lanka would push up local prices and claimed the government move was aimed at curbing local traders who smuggle gold into India." Continue reading →

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Cops enforce wrong speed limit, will prosecute tickets anyway

"For months the speed limit on that portion of River Watch was marked incorrectly. Police say the tickets they issued during that time are valid, but some drivers are wondering whether they should have been charged for violating an incorrect speed limit. Augusta Traffic Engineer Steve Cassell said the contractor in charge of the project had authorization to reduce the speed limit, but only during specific hours and under certain conditions. According to a plan approved by Georgia DOT, the speed limit could be reduced between 9 a.m. and 3 p.m., but not during peak traffic times, such as when drivers were leaving work." Continue reading →

Continue ReadingCops enforce wrong speed limit, will prosecute tickets anyway

Heated exchange after Baton Rouge cop pulls over fellow officer driving recklessly

"In the video, off-duty BRPD officer David Stewart pulls over a swerving white pickup truck that he says was doing more than twice the 45 mph speed limit. The stop happened on Juban Road in Livingston Parish. Stewart said he pulled the vehicle over and contacted the Livingston Parish Sheriff's department because he thought the driver may be impaired or having a 'road rage' fit. However, after the driver, Cpl. Brian Harrison, identified himself as a Baton Rouge police officer, the dash-mounted camera in Stewart's vehicle then captured a heated 4-minute exchange between the two men." Continue reading →

Continue ReadingHeated exchange after Baton Rouge cop pulls over fellow officer driving recklessly

China Central Bank Warns Banks on Liquidity

"China's central bank, breaking its long silence on a liquidity squeeze that has strained funding at many of the nation's banks, suggested they shouldn't look to authorities to solve their cash shortage. The surge in the cost of short-term funds, which banks use to lend to each other, stemmed from an overstretched financial sector—as inflows of funds from abroad slowed—and a mismatch between banks' short-term funding needs and long-term loans. On Monday, concerns over the funding problems led to a wave of selling in shares of midsize banks, many of them heavily reliant on the interbank market for their funds." Continue reading →

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Credit Suisse faces $1.2-billion US penalty over taxes

"Credit Suisse faces a penalty of $1.2 billion (1.1 billion francs) from US authorities over cases of tax evasion involving American clients, a Swiss lawyer estimates. The cantonal banks of Zurich and Basel are also believed among those targeted. Last week, MPs in Bern rejected an agreement with the US, backed by the Swiss federal government, to temporarily lift banking secrecy laws to allow Swiss banks to settle with American authorities over past tax evasion cases. The agreement was never made public but was expected to include significant fines against 14 Swiss banks." Continue reading →

Continue ReadingCredit Suisse faces $1.2-billion US penalty over taxes

Spying fears highlight worth of Swiss data centres

"‘Trust’ is the watchword of the expanding Swiss data storage industry as it quietly carves out a highly lucrative global niche. Recent revelations of U.S. intelligence agency spying, coupled with ongoing reports of espionage emanating from China, may have raised public consciousness of the dangers to data but the industry has known about it for years. Some data storage providers have taken security to extremes, housing their servers in ex-military alpine bunkers, such as the aptly-named ‘Fort Knox’ in canton Bern. One company using the bunker, Siag – which labels itself the 'Swiss private bank for digital assets' - refuses to deal with US clients on security grounds." Continue reading →

Continue ReadingSpying fears highlight worth of Swiss data centres