TagsTransfersAbout the authorCarlos VolcanoShare the loveHave your say Hakan Calhanoglu insists he’s happy with AC Milanby Carlos Volcano10 months agoSend to a friendShare the loveHakan Calhanoglu insists he’s happy at AC Milan.There’s been claims he will be sold next month.“I’m happy at Milan,” Calhanoglu told DAZN.“I’m happy with [Rino] Gattuso and his staff. I feel at home here in Milan.“The relationship [with Gattuso] is really good, even when he gets angry with me. I accept that, because he’s a good Coach with a winning mentality.“When it happens you’re better off not saying anything, otherwise you’ll get a clip round the ear…”
TagsTransfersAbout the authorCarlos VolcanoShare the loveHave your say Barcelona midfielder Rakitic: Valverde must decide his futureby Carlos Volcano10 months agoSend to a friendShare the loveBarcelona midfielder Ivan Rakitic says the players are happy playing for coach Ernesto Valverde.Valverde’s deal is up in the summer but he does have an option to extend it by an additional year. The coach says a decision will be made with the club later in the season.”It’s an issue for the boss and the club [to decide on],” Rakitic said. “We’re really happy with him and the whole coaching setup.”The most normal [scenario] would be that he continues with us, but we have to focus on our job, which is playing and winning football games. Let them [the club and Valverde] decide what’s for the best.”
The Government will continue to pursue an active legislative agenda in the new fiscal year, with a number of bills to be passed.This was disclosed by Governor General, His Excellency the Most Hon. Sir Patrick Allen, as he delivered the Throne Speech at Gordon House on Thursday, April 4, where he announced that theGovernment passed 25 of the 33 Bills brought to Parliament during the just-ended legislative year.The Governor General argued that despite “a shortened legislative year,” this achievement “was an improvement on the previous year’s performance and higher than the average of the previous three years.”As part of the process to speed up the passage of Bills, the Office of the Parliamentary Counsel will be strengthened, in keeping with a review undertaken by the Cabinet Office.For this legislative year, the administration intends to pass a Public Sector Procurement Bill to provide the framework for a Public Sector Procurement System and legally separate the National Contracts Commission from the Office of the Contractor General, the Head of State informed.Also to be brought to Parliament are: amendments of the Road Traffic Act and Transport Authority Act, with the objective of ensuring that the gaps in the road traffic legislation affecting enforcement of road traffic laws are addressed; an Omnibus Tax Incentive Bill to establish a transparent and coherent regime to govern all tax incentives; and a Secured Transactions Bill to provide for a modern legislative framework for secured transactions with the objective of increasing access to finance especially for small and medium-sized enterprises.Other legislation include a Charities Bill to facilitate the proper supervision of entities carrying out charitable activities; a Bill to establish a Statutory Framework for the Court Management Service; and legislation to provide for Collective Investment Schemes.The Government, during the year, will also seek to pass: a Bill to establish a single anti-corruption agency; legislation to enable the court to grant specified discounts on years of imprisonment in the case of guilty pleas for certain offences, which now attract mandatory minimum sentence; and the Evidence (Amendment) Bill, to simplify certain procedural requirements to the admissibility of computer-generated evidence, and to facilitate the admission of uncontested expert reports and other agreed documents without having to call the expert or other maker of the document to give evidence at the trial.By Alecia Smith-Edwards, JIS Reporter
Citation: How can criminals manipulate cryptocurrency markets? (2018, June 1) retrieved 18 July 2019 from https://phys.org/news/2018-06-criminals-cryptocurrency.html Cryptocurrencies like bitcoin are based on systems that are supposed to be inherently protected from fraud. Yet the U.S. Department of Justice has opened a criminal investigation into manipulation of bitcoin prices. How is that sort of activity even possible? Provided by The Conversation Now you see it, now you don’t. Credit: Syda Productions/Shutterstock.com Explore further There are fewer protections for cryptocurrency trading, in part because it’s so new. For instance, a high volatility in stock prices would trigger “circuit breakers” in the U.S., halting trading and resetting prices to limit investors’ losses. Cryptocurrency markets have no such built-in mechanisms. Exploiting anonymityAnother type of fraud the Justice Department is investigating is called “wash trading,” in which one person sets up what looks like a legitimate purchase-and-sale deal, but actually does the deal with himself or herself. That makes it look like there is more activity in the market than there actually is, artificially increasing demand and value.Anyone can have as many cryptocurrency accounts as they wish to set up. And many blockchain-based systems keep users’ identities anonymous. The transactions themselves – if they actually happen – are recorded and publicly viewable, but the accounts involved are only identified with bitcoin addresses, which are long alphanumeric codes like “1ExAmpLe0FaBiTco1NADr3sSV5tsGaMF6hd.”That anonymity can make it very hard to prove that wash trading is happening and challenges law enforcement to identify and catch fraudsters. At a June 2017 congressional hearing a former federal prosecutor told of cryptocurrency investigations revealing an account set up by a person claiming to be “Mickey Mouse” living at “123 Main Street.”Strengthening oversightSome countries are starting to regulate cryptocurrency markets, either under existing regulations or new ones. In 2015, for instance, a federal investigation found that the U.S. cryptocurrency company Ripple Labs had not properly followed anti-money laundering laws and rules about getting accurate customer identification information.In May 2018, 40 jurisdictions including U.S. states, Canadian provinces and national regulators in both countries launched a formal probe dubbed “Operation Cryptosweep,” to crack down on fraudulent cryptocurrency trading. They opened as many as 70 investigations and warned roughly 35 companies about potentially violating securities laws. The vast majority of cryptocurrency trading, however, happens in countries with few regulations and lax enforcement. For instance, from early 2014 to early 2017, about 90 percent of global bitcoin trading happened through Chinese cryptocurrency exchanges. At least some of those businesses allegedly falsely inflated trading volumes to attract new customers. China has since banned online cryptocurrency trading, but people are finding loopholes.The problems will likely shift to other countries that lack strong rules, which highlights the importance of international cooperation in investigations. Cryptocurrencies are a global phenomenon; the world’s nations – especially those with lots of trading activity – will have to work together to protect consumers. Bitcoin crash could derail other cryptocurrencies From researching blockchain and cryptocurrencies for the past three years, I know that blockchain systems have some immutable security features. For instance, if I sent you some amount of bitcoin, and that transaction were recorded in the blockchain ledger, I couldn’t force the system to give that money back. The technology itself prevents the transaction from being reversed.But that is only true if transactions happen within the system. And there are other elements of cryptocurrency technologies that actually make fraud easier.Trading bitcoin like stocksSome of the problems the Justice Department is investigating appear to have arisen because bitcoin enthusiasts are not treating cryptocurrencies as a means of payment like dollars. Rather, they’re behaving as if bitcoins and their ilk are speculative assets like stocks and bonds. So they’re placing orders to buy bitcoin in advance, only later completing the deal. One type of fraud investigators are looking into is called “spoofing,” in which people place orders but cancel them before the deal is finalized – often without even having to pay a service fee. That makes it look like there’s more demand for bitcoin than there actually is, driving up the value of each bitcoin.That sort of manipulation is possible with almost any type of asset. Bitcoin is more susceptible than stocks or bonds because so few people hold large amounts of bitcoin. The largest 1,000 bitcoin accounts hold 40 percent of all the bitcoins in existence – with almost 20 percent held in just 100 accounts.Many of the people who own large amounts of bitcoin have been in the cryptocurrency community for a number of years and know each other. They can take coordinated actions to increase or decrease prices – and because there’s no real regulation of cryptocurrency markets, it might not even be illegal for them to do so. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. This article was originally published on The Conversation. Read the original article.