Category Archives: Uncategorized

xxx Prosecutors said that beginning in April 2014, the trio obtained inside information by hacking two U.S. law firms and targeting the email accounts of law firm partners working on mergers and acquisitions. From U.S. accuses Chinese citizens of hacking law firms, insider trading | Reuters xxx

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xxx n 1822 Turner, a Bank clerk, stole £10,000 by altering the transfer book. The rascal, however, was too clever for the Bank, and escaped. From The Bank of England | British History Online xxx

xxx A regular occurrence in London, when asking for a fare receipt, is an offer of a couple of unsigned receipts or an offer to put any figure down. The taxi driver keeps no duplicate record of the transaction. This deprives the taxman of the cab driver’s tax and encourages the customer to cheat theirContinue reading “How black cab drivers and passengers collude to cheat the taxman”

As my colleague Neil McEvoy and I wrote in the DEMOS Quarterly way back in 1996 Endogenous money is money created within a market whereas exogenous money is money created by some outside authority and imposed on a market. We’re used to the second – where the outside authority is the government – and haveContinue reading “POST Money and markets”

xxx Developed by Carsten van Berkel and Stefan Leendertse of N = 5, an Amsterdam-based advertising agency, the contactless payment jacket allows people to donate 1€ to the wearer using their contactless smart card. From Amsterdam Introduces Contactless Payment Jackets for Beggars | Oddity Central – Collecting Oddities xxx //embedr.flickr.com/assets/client-code.js  xxxx

xxx The fate of a defaulted $45 million Chinese corporate bond sold through an Alibaba-backed online wealth management platform was thrown into doubt on Monday… China Guangfa Bank Co Ltd (CGB) said guarantee documents, official seals and personal seals presented by the insurer of the bonds “are all fake” and that it has reported theContinue reading “China bank calls documents fake after bond default on Alibaba-linked platform | Reuters”

xxx In a similar vein, Barclays customers will tap their PIN into a keypad mounted on the card which will create a range of security ciphers. The codes will be generated at a timed interval by a tiny clock and appear next to the signature strip. From Enigma technology to make new ultra-secure bank card ThisContinue reading “Enigma technology to make new ultra-secure bank card”

xxx Unified Payment Interface, or UPI, provided by various banks could be considered safer than other modes in this respect. In case of UPI, one needs to enter only the Virtual Payment Address, or VPA, of the recipient, which is more secure and easy than sharing credentials such as account numbers and IFSC codes. FromContinue reading “Digital payment: Post demonetisation, which digital payment method to use? Here’s how to choose – The Economic Times”

xxx Financial services companies, for example, are finding that the private blockchain networks they’ve set up with a limited number of trusted counterparties can significantly reduce transaction costs. From The Truth About Blockchain This is not at all clear to me. If anyone has any actual figures about this I would be genuinely interested inContinue reading “The Truth About Blockchain”