Category Archives: Uncategorized

xxx “Cities with immigrant communities also tend to have higher rates of unbanked residents, like Los Angeles, where 8.6 percent of the population doesn’t have bank accounts. People avoid financial institutions for numerous reasons, including in order to stay away from monthly charge fees, overdraft penalties, or minimum balance requirements. Some people also don’t haveContinue reading “Philadelphia bans cashless stores, moving against a cashless society – Vox”

xxx According to the complaint, in October 2017, Edwards downloaded thousands of FinCEN files containing highly sensitive information relating to Russia, Iran and terrorist groups such as ISIS, to a flash drive. Edwards does not appear to have been involved in any official projects or tasks relating to these files. Throughout the course of 2018,Continue reading “Arrest of FinCEN Employee for Unlawful Disclosure of SARs and SAR Information – Lexology”

The British approach to creating a national digital identity scheme is, to say the least, unusual. Sky News recently summarised the situation well by saying “thanks to its ill-conceived porn block, the government has quietly blundered into the creation of a digital passport – then outsourced its development to private firms”. One of these privateContinue reading “POST Private parts”

xxx I lost north of $100,000 last Wednesday. It evaporated over a 24-hour time span in a “SIM port attack” that drained my Coinbase account. From The Most Expensive Lesson Of My Life: Details of SIM port hack. xxx

xxx Venture capitalists have all aligned on the best solution: kitchens that only serve delivery customers, known as “cloud”, “ghost” or “dark” kitchens, that use a combination of advanced food preparation, underused real estate and algorithm-driven optimisation to lower overheads and increase output. From The start-ups building ‘dark kitchens’ for Uber Eats and Deliveroo |Continue reading “The start-ups building ‘dark kitchens’ for Uber Eats and Deliveroo | Financial Times”

A few years ago, along with colleagues at Consult Hyperion, I was looking at the potential for the blockchain in the identity space. (Put to one side what is meant by blockchain and what is meant by identity.) One of the ideas that came out at that time was to record the create, read, updateContinue reading “Virtual shared ledger made real”

xxx “Where does an alleged war criminal accused of torture and directing mass executions look for work while living in the United States? For Yusuf Abdi Ali, there was an easy answer: Uber and Lyft. Within a couple of days of applying to be a ride-share driver, Ali said he was approved to shuttle passengersContinue reading “Accused war criminal is an Uber driver – CNN”

xxx “One critical difference with a traditional bank run is that, in a digital run, the money presumably stays within the banking system, but is moved to another bank.” From “Bank runs in the digital era | FT Alphaville”. I hadn’t really thought much about this. In an old-fashioned bank run where panicked customers stormContinue reading “Bank runs in the digital era | FT Alphaville”

xxx The first known case of humans going to court over investment losses triggered by autonomous machines will test the limits of liability. From Who to Sue When a Robot Loses Your Fortune – Bloomberg. xxx

xxx The RBI plans to reach people who have yet to adopt electronic payments and says it expects a “revolutionary shift” towards digital means of payment over the coming decade. It warns cash “entails a significant cost” to the economy From RBI unveils vision for e-payments overhaul – Central Banking. xxx