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Showing posts with label the guardian. Show all posts
Showing posts with label the guardian. Show all posts
Thursday, May 26, 2016
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Tuesday, July 7, 2015
WHAT THE BRITISH PRESS REPORTS ....:
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Wednesday, December 25, 2013
Bitcoins tumbled in value after Chinese authorities acted to curb trading in the virtual currency.
The government has banned domestic third-party payment companies from providing clearing services for virtual currency trading platforms, according to a report in the China Business News.
BTCChina, the country's biggest Bitcoin trading platform, and other Bitcoin exchanges in the country rely on third-party providers to handle the transactions for bitcoin trading as they are not licensed to handle clearing services that enable investors to deposit and withdraw their money.
BTCChina, on its Twitter-like Weibo account, told users it "has no choice but to stop accepting yuan deposits".
Although traders can still make deposits in other currencies, the move has pummelled volumes on BTC and slashed bitcoin's value.
Prices on BTCChina stood at 2845 yuan ($468) each early on Wednesday, down 60pc from their high of 7,588 yuan in November.
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Chart from BTCChina showing sharp fall in value of Bitcoins
Chinese speculators have poured money into Bitcoins this year, driving the BTCChina price up 9,122pc from January 1 to November 30 and making the country at times the world's biggest Bitcoin market.
Authorities have raised concerns and two weeks ago China's central bank ordered financial institutions not to provide Bitcoin-related services and products and cautioned against its potential use in money-laundering.
Bitcoin is a form of cryptography-based e-money that offers a largely anonymous payment system.
Saturday, November 23, 2013
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Berners-Lee warned that "a growing tide of surveillance and censorship" posed a threat to the future of democracy, even as more and more people were using the internet to expose wrongdoing.
His remarks came before the second annual release of a global league table that classifies countries according to a set of freedoms. Since last year, the US has dropped from second place to fourth, while the UK has remained in third place. Sweden still tops the list, though Norway now takes second place. All of the Scandinavian countries – Sweden, Denmark and Norway – feature in the top 10.
The UK was poorly placed on privacy rights but was lifted by its high scores for availability of relevant content and the internet's political impact.
The table is compiled by comparing 81 countries, combining measures such as the extent of access to the internet, how much censorship is employed, and how "empowered" people are by its availability. The list has been expanded from the 61 countries surveyed last year.
Last year Berners-Lee introduced the inaugural index by pointing out that there was no off switch for the internet – a fact that was proving uncomfortable for a number of governments that had tried to shut down radical dissent in the previous 12 months through the Arab spring.
But this year his remarks focused more on the threat of surveillance, which has been highlighted by the Guardian's revelations about the extent of online spying and subversion of internet protocols by the US's National Security Agency and the UK's GCHQ.
The survey found that 76 of the 81 countries examined did not meet "best practice" standards for checks and balances on government interception of electronic communications.
Speaking before an event to launch the updated version of the index, the 58-year-old British computer scientist said: "One of the most encouraging findings of this year's Web Index is how the web and social media are increasingly spurring people to organise, take action and try to expose wrongdoing in every region of the world.
"But some governments are threatened by this, and a growing tide of surveillance and censorship now threatens the future of democracy.
"Bold steps are needed now to protect our fundamental rights to privacy and freedom of opinion and association online."
The survey also found that almost a third of countries surveyed block politically sensitive content.
Web innovators, experts and policymakers, including Berners-Lee and the Wikipedia chief Jimmy Wales, were gathering in London on Friday to assess the World Wide Web Foundation's independent annual measure of the web's impact.
Sunday, October 20, 2013
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The Senate deal doesn't include a provision granting federal agencies more flexibility to mitigate the effects of the across-the-board reductions known as the sequester. Congressional aides said the next round of cuts kick in when the stopgap spending measure ends in mid-January, motivating lawmakers to reach an agreement to ease the burden of the sequester's blunt cuts by then. The next round of reductions will bring annual spending levels down to $967 billion from $986 billion, largely through cuts to defense spending.
The setback in the House on Tuesday was the result of pressure from conservatives, who objected both to the Senate bill and Mr. Boehner's alternative because they gave Republicans too little of what they had been demanding. Conservatives have been pressing for major changes in the 2010 health-care law and additional measures to reduce the deficit.
GOP leaders had tried to build backing by including proposals sought by conservatives, including one that would have cut government health-insurance benefits for congressional and administration officials, including their staff, under the 2010 health-care law. But the bill met powerful headwinds when the conservative political group Heritage Action on Tuesday evening announced its opposition and said votes on the measure would be included in the group's influential ratings of lawmakers.
The White House Wednesday provided a little more clarity about when the Treasury will run out of its ability to borrow money. Mr. Carney said that moment will come "at the end of the day" Thursday. The Treasury had previously said the "extraordinary measures" it deployed to keep below the debt ceiling would run out on Oct. 17, without clarifying whether that meant midnight Wednesday or the subsequent day. Beyond Thursday, "the Treasury would have only cash on hand. It would not be able to borrow new money to meet obligations," Mr. Carney said. The Treasury has said that on Oct. 17 it would be left with only about $30 billion to pay the nation's bills.
There was palpable relief among Republicans who had been part of a bipartisan effort to break the deadlock. "We're ready to open the government and we are ready to make sure everyone around the world knows the U.S. pays its bills on time," said Sen. Lamar Alexander (R., Tenn.).
Saturday, September 29, 2012
Libor rate-setting is “no longer viable”.
Martin Wheatley, the incoming head of Britain's new market regulator, is
expected to recommend this week that the lobby body lose its supervisory role in
the setting of the rate. "If Mr Wheatley's recommendations include a change of
responsibility for Libor, the BBA will support that," the BBA said on Tuesday:
The review was announced following revelations three months ago that big banks
were had been attempting to rig Libor for years. The scandal led to a £290m fine
for Barclays, ongoing investigations into manipulation at other banks, criticism
of the rate and calls for a new benchmark that is more transparent and relevant
to the credit worthiness of banks. Sir Mervyn King, Governor of the Bank of
England, believes Libor has stopped working and should be replaced, while Mr
Wheatley, who is the chief executive-designate of the Financial Conduct
Authority, has said Libor rate-setting is “no longer viable”.
The BBA, a lobby group for banks, has been heavily criticised for its
oversight of Libor, which is used to price loans and transaction for businesses
and individuals worth more than $350 trillion globally. Libor is based on what a panel of banks expect to be charged rather than
measuring actual lending rates. It is not directly supervised by regulators in
Britain but has been overseen by the BBA since 1986. The Wheatley's review, due out on Friday, is expected to propose anchoring
Libor interest rates to real transactions, rather than rates which panel banks
believe they could borrow from their peers. (source telegraph.uk)
Saturday, August 18, 2012
STEP BY STEP ..." goose" step that is ...!!!
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Wednesday, March 2, 2011
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