Panama Papers whistleblower speaks out, targets ‘wrongdoing by the elite’
The whistleblower who unleashed the world’s largest ever stash of secret documents, known as the Panama Papers, has finally spoken out. In a 1,800-word statement titled The Revolution Will Be Digitized, “John Doe” takes aim at income inequality, offshore money…
Edward Snowden: Panama whistleblower’s manifesto is essential reading
Berlin (dpa) – US whistleblower Edward Snowden described the manifesto of the source of the Panama Papers leak as essential reading, ahead of the online release of more data expected Monday. “The anonymous source of the #PanamaPapers speaks for the…
How to Survive the Fintech Onslaught
The concept of what defines disruptive technology, a term coined by Harvard business professor Clayton Christensen, is controversial. But the power of high-tech innovation, of course, is not. Do traditional financial firms face the kind of threat today that taxi…
Ransomware Biggest Cybersecurity Threat
TEHRAN (FNA)- Simple attacks plus user willingness to pay ransoms to get their files back means ransomware is on the rise, warn Kaspersky researchers. Ransomware has replaced advanced persistent threat (APT) network attacks as the most problematic cyberthreat — and…
The Wall Street Journal Gets it Wrong on Bitcoin – Again
You really can forgive the Wall Street Journal on this one. Bitcoin is a powerful financial innovation that is in the process of reinventing and disintermediating the business models of a huge proportion of their readership. Further, Bitcoin has been…
The Reason We Can’t Trust the Government – Corruption Approved by the Supreme Court
What the hell. We live in a land where if you are poor, you can be busted for the smallest infractions (see the ‘broken windows’ theory of policing), and once you are in the clutches of the ‘justice’ system,…
Using TOR May Get You Searched By the FBI
The US Supreme Court has approved a rule change that if not countered by congressional action (fat chance) will result in the FBI having the right to hack and search any internet connected device running anonymizing software. This is un-American….
‘An Absolutely Breathtaking Conflict Of Interest’
As the sole overseer of North Carolina’s $90 billion pension fund, Treasurer Janet Cowell is responsible for protecting her state’s retired workers. It’s a full-time job for which she earns $124,676 a year. But that will not be her only…
TBTF: How Bankers’ Blood Will Be Spilled On The 2016 Battleground
Karen Shaw Petrou’s memorandum to the Federal Financial Analytics clients on TBTF banks, how bankers’ blood will be spilled on the 2016 battleground. TBTF: How Bankers’ Blood Will Be Spilled On The 2016 Battleground How will financial firms fare in…
New York To License 2 More Bitcoin Businesses: Report
New York state’s financial regulator is about to issue “bitlicenses” to Coinbase and Ripple Labs, allowing the San Francisco-based bitcoin companies to operate in the state. The New York State Department of Financial Services recently received applications from both companies,…