Cryptocurrency has become a very intriguing asset class to investors all around the world. Having witnessed bitcoin’s occasional spikes in value — which rewarded plenty of fairly casual traders with small fortunes — many are keen on catching the next significant crypto wave. The only trouble is that the...
Headquartered in North Carolina, Bank of America is one of the country's top two largest banking institutions. The multi-national financial institution also has major hubs in Hong Kong, New York, Toronto and Minnesota. When BankAmerica was acquired by NationsBank in 1998, Bank of America was officially formed....
A recent crackdown on illicit cash outflows has sent a shiver down the spines of many a corrupt official or so-called entrepreneur in developing countries. This new development comes courtesy of a recent G20 resolution to place meaningful and actionable restrictions on banking secrecy and illegal money...
Back in late 2012, it was revealed that then Attorney General Eric Holder dismissed a recommendation to prosecute HSBC for anti-money laundering, according to a staff investigation by the House Financial Services Committee. HSBC avoided prosecution because of the described "systemic importance" that they had towards the...
Global financial institution U.S. Bank has just announced a major new hiring. They have seen fit to employ Tanushree Luke as the new head of their Artificial Intelligence department. This is an exciting and, to a large degree, unprecedented move that is sure to cause ripples throughout...
The traceability of Bitcoin transactions is a question of privacy, anonymity, motives, and intentions. In our world of identity theft, money laundering, government regulations, fiat currencies, centralized versus decentralized control the issue of using Bitcoin in particular and cryptocurrency in general spurs some curiosity and investigation.
The basic answer to...
