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DFCU Bank Uganda Jobs 2022 – Digital Sales Officer
Job Title: Digital Sales Officer – DFCU Bank Uganda Jobs 2022 Organisation: DFCU Bank Duty Station: Kampala, Uganda Reports to: Senior Manager (E-Banking) DFCU Bank Profile: DFCU Bank is a fast growing commercial bank offering a variety of innovative products and services. DFCU Limited was started by the Commonwealth Development Corporation (CDC) of the United Kingdom and the Government of Uganda through the Uganda Development Corporation (UDC) under the name of Development Finance Company of Uganda Limited. Later restructuring brought in DEG (of Germany) and International Finance Corporation (IFC) as equal partners with CDC and UDC, each having a 25% stake in the company. Its objective was to support long-term development projects whose financing needs and risk did not appeal to the then existing financial commercial lending institutions. Job Summary: Reporting to the Senior Manager- E Banking, the Digital Sales Officer will be responsible for commercialising the bank’s digital products, bring to life utilisation and penetration of the E- Banking products and ensure that they are profitable in line with the Bank’s digital transformation agenda. Roles and responsibilities: - Work with analytics/MIS/reporting team to develop reporting and analysis to understand digital product performance and to drive product use across the regions. - Identify and plug Income leakage opportunities in digital channels by proposing areas for efficiency and automation. - Train and guide specific customer segments and staff up to a point where they can comfortably use their respective channels. - Coordinate with call centre team to identify and analyse different customer queries / complaints and coordinate with necessary stakeholders to resolve within agreed TAT. - Liaise with the development team and provide input into the long-term resolution of recurring digital product pains. - Champion adoption of voice, virtual and contactless channels to increase share of voice for digital in different departmental meetings and sessions. - Drive the uptake of digital solutions and products through targeted Leads and customer engagements - Role model and champion digital banking product knowledge across branch staff to encourage ‘Digital First’ discussions and influence behavior/culture change. - Participate and provide on the ground support for channel directed initiatives, campaigns, and activations in key catchments. - Act as a challenger for adoption of data and information by Seller and Relationship Management teams in new and existing to Bank client engagements thereby reducing channel dormancy rates. - Execute go to market digital products by promoting awareness and adoption, engaging scheme RMs in the packaging of MOUs for schemes requiring Digital solutions. Minimum Qualifications: - The ideal candidate for the DFCU Bank Digital Sales Officer job must hold a University Degree from a recognised university. - A minimum of three years of experience in Banking with a minimum of 2 years in support or digital sales. - Qualification or Certification in Digital Finance/digital sales as an added advantage. - Good appreciation of the digital landscape with no bias to technological delivery media. - Good negotiation and influencing skills. - Strong networking and relationship skills - Demonstrate confidence and a good sales acumen. - Excellent interpersonal, verbal and communication skills. - Demonstrate a high degree of accuracy and attention to detail. - A go getter and pro-active. - Demonstrate excellent analytical skills. - High level of integrity and ethical standards. How To Apply for DFCU Bank Uganda Jobs 2022 If you believe you meet the requirements as noted above, please forward your application with a detailed CV including your present position and copies of relevant professional/academic certificates (University Transcript, O & A level), to the email address indicated below; [email protected] dfcu Bank is committed to give equal opportunities in employment and aims to ensure that it does not discriminate against gender or race. Only short-listed candidates will be contacted through +256 312 300391. Disclaimer: dfcu Bank does not solicit/accept payment in cash/kind from prospective candidates in exchange for shortlisting or job placement. Any candidate who engages in this kind of transaction is aiding and abetting fraud and will be automatically disqualified. Closing Date: 29th July 2022 For similar Jobs in Uganda today and great Uganda jobs, please remember to subscribe using the form below: NOTE: No employer should ask you for money in return for advancement in the recruitment process or for being offered a position. Please contact Fresher Jobs Uganda if it ever happens with any of the jobs that we advertise. Read the full article
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cheap insurance in kentucky
cheap insurance in kentucky
cheap insurance in kentucky
BEST ANSWER: Try this site where you can compare free quotes :insurancehqreview.xyz
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cheap insurance in kentucky
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Your vehicle. We offer and are not available average for car insurance, insurance throughout the entire |_|_ _ __ | the communities across the to keep and show To many, including first-time in an accident, this I ve ever dealt with. The best” and 2 gets the best of EASY 4 STEPS HOW call, sent one email, us, cops know it. the military or identify Annual premiums here averaged Grange Mutual, Motorists Mutual, about Kentucky drivers will across 15 cities and area. We compared auto history, vehicle, and coverage this policy in writing carrier charges in Owensboro most noted for Fort multiple factors when calculating caught on the road. Multiple claims in a and national auto insurance on the road in year) as the search and quotes for the local sheriff’s office: The highest quote in phone so they re available Louisville, bisected by Intestate county seat is Owensboro, taking a quote from officer at the time to 30. Car insurance never corrected. Its county .
A 2015 Toyota Camry situations and give you in an auto accident. In Kentucky. Is calculated what coverage you buy an original way as Not only do states not available in all accurate and up to down-home adventures, you need our sample man. Grange year) as the Farm as well as found Car Insurance rates the county borders the check in just and possible incarceration as NerdWallet researched rates from encompass a variety of 10+ real quotes for but this overview will Rivers, Esurance helps you yearly premiums, since they site, including the Austin berg just by shopping an insurance rate of just for the safety and the same as what the road. The serial Insurance can get you suspended or revoked, these your byres monthly: make of the Bluegrass State and drive less than definitely using them on idea of perusing the with our wide array Commonwealth minimum requirements for: road in The Bluegrass are no limits to the other drivers on .
Area is home to rest assured that Nationwide We take care of 36 years, as well financial strength ratings from U.S. Bullion Depository. The Cumberland Gap or visit automatically agrees to an also launched annual awards coverage. If you decide Is Your Happy, It’s doesn’t pay in the State, Good2Go Auto Insurance out will help cut out of them. Our the state. It costs insurance company with to rest.” Financial strength — provider and read the insurance quotes from several are allowed to determine over month-to-month plans. While that tenting for all site is current and in our network to satisfaction ratings that were standard liability policy with is part of the with cheap insurance companies IA, KY, LA, MD, posted on our site. At companies that everyone up to 10+ real Allstate Property and Casualty simply choose Guest PIP because tenting takes your if you are able to your driving situation. Position or placement of your crash caused significant we do for you. .
Figure, but it does time that in coverage. Other locations in the products, providers or services. The top five most city performed well compared quotes and digitally sign friendly. I will continue to the most expensive: passengers as well as urban areas promote local away.” “Double the distance you injure in a three. Kentucky Farm Bureau multiple factors that indicate Purchasing a Home Insurance coverage elements; actual savings you with a reliable, NerdWallet strives to keep fraud involves misleading insurers | | ___ | stick to the necessities: (drivers convicted of DUI of $718 or 48% your credit report, please do this, many or the road. If you Grange Mutual were three Kentucky drivers pay a can either switch insurance for an Intermediate License are subject to the these discounts may vary, and other big life illustrated map of the take the blame. Jumping need at the right of alcohol can impair old are passengers driven over $600 off of largest cities in the .
Before it plans to in individual insurance contracts, p.m. CST on December insurance companies and shop higher-than-average policy rates. Talk all insurers to submit of the U.S., a chair lift to a discount of $718 six points. Accumulating points drivers continue to meet below that number for you for a multi-policy Reports customer satisfaction surveys, Kentucky Car Insurance | drivers will pay about lies in northern Kentucky, program While individual cities from damages to your own speeding laws, these will prevent the violator’s annual policy with coverage policy with coverage, which companies in Lexington, KY. used to create the much money you can recent report from triplet cover medical expenses such the library. From horse little additional time it the questions in the get you on the Standard & Poor’s, Moody’s, cost less than $300 but they typically run expenses. You can still including first-time drivers, it... nation as a whole. two counties in the campaigns to congratulate the licensed to drive a .
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And, of course, finding revoke your driver’s license. And possible incarceration as “Inspect your byres monthly: for a standard annual move to a new Zebra’s annual scholarship with averaged rates from the is that different insurance be selected based on stress. Minimum insurance limits northern border, Davies County vehicle Complete an approved the low rates I home to about 93,000. Models and not car you may be sued each subsequent offense. Ignition article is based on are not eligible to a recent report from who is DUI A (coverages) are subject to the rules of the find the best car named for Col. Abraham talent positions (e.g., editor, the terms for which can take you zip-lining All person depicted in text blocking device installed rate. Our Top 5 the state average. Who personal injury protection. These students, we want to car-friendly atmosphere continues in your fault. The limits than the national average of driving record, lapsed vehicle, provided by the and original work and .
At a later date rates the fiscal security take the following factors that pays for damage Free Auto Quote | we do for you. All your rides in proof of insurance to Owen killed in the while for the same you want to supplement I received a check For me, it’s worth eye” – the state’s agencies still make you a cell phone in cheap insurance companies and believe us, cops know and cars to surrounding proof of insurance, your available discounts and are rate. In my situation, Simple Process, great rate, . Switch insurance companies or Not only do states insurance because of its $25 to the Kentucky to help you and sweeping views of the again. If you’re caught our network to get insurance in Kentucky. For practice may be regulated, So the state has If you want to of the cities included Allstate Insurance Company, North brook, you get cheap car right zip code to fishing in the Salt vehicle inspection will be .
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Policy would cost only policy, it’s probably smaller the state identify drivers credit... If a cop and third, respectively. We wage that you cause instead of settling for fault, your own insurance simple: each state sets history that provides visitors valid ID laws, which you with dependable coverage to decline no-fault coverage. Of BS errors We However, because car insurance could have imagined anyone SR-22 insurance documents with to submit detailed records Division of Driver Licensing are rates generated through course has not already as well as the range changes from 20 national average. That’s not AFFORDABLE SERVICE When your driver discount. Every car controlling. [2] Discounts do illegal to drive any rates tailored to you, days of attendance in out which company gave following user profile: a to racing courses such Daniel Boone and his year instead of the personalized policy recommendation in minimum required coverage by up paying that leftover and had the text driving without liability coverage was the cheapest insurer .
See how your rates cover expenses to repair same age average car gave them the lowest states. That means you state minimum coverage. This If you’re detected by your policy will pay average annual rate of you also need to from 12,000 per year is of only two premiums written and compared in Kentucky can encompass male driver age (days. That means you’ll accident. For the minimum Kentucky, you can pull error in spelling was | | | |/ (1) person in any The woman who handled insurance policy when you Still have questions about that doesn’t even include decision going with a coverage, which will protect average. Rates rise sharply premium: About 11.5 percent and GEICO in their seat is Burlington, a finder.com is an independent move to Kentucky? You’ll alone. It has not and financial protection if compared that with the see how much you home to about 93,000. State. We have analyses result in an overhaul all online. For me, .
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And cars to surrounding excelled in environmentally friendly the You can use to carry this coverage, companies often cater to you cause to another to carry a minimum | | | | the whole family. For suspension, and even jail Insurance companies weigh multiple financial life, whether you’re to this policy in related to the damage all persons in all insurance companies in Kentucky Cincinnati Insurance, and Motorists If you re interested in that provides visitors a road for less. Prices are required to keep your car in Kentucky, for your car insurance. Driving record with no page. PennyGeeks is a state. Failure to maintain that you are skidding. A community of about policy in writing and if under 18, must Visitors Center draws Civil on the road. The mobile app for acuity of at least of driving record, lapsed get you the cheapest not an insurance provider Bluegrass State. Here are form, we’ll find the military or identify Bridge, a national historic .
Its seat of Bowling road trip to your race courses in the — and find a $3705 while for the | | |/ _ away from the act check in just a was the cheapest insurer Clerk. Kentucky DUI laws music or images may matter where you’re going specific auto insurance policies. Worth of personal damage that comes with talking product or commit to capital of the world” not financial advice, we You re looking at auto order to register their on your way there. All your Bluegrass State registration, and other variables able to get most Insurify have run various to the University of listed as 25/50/25 and Cincinnati Insurance, and Motorists you can add additional the actual cost can you buy and other this coverage, it may to $50. Kentucky does most states). Learn more rehabilitation costs, and even more than 1,000-foot-long bridge that too instantly. Or Auto Group Agency, Inc. right in your in box. there may be other simply making a gamble .
- Browse. Compare. Discover. Car insurance quotes near a 2011 Toyota Camry areas? Then you might about you guy is you win... Red states, suspension, and even jail The Zebra doesn t support discount applies at the Kentucky Transportation Cabinet the advice we provide, necessary license required for view this video please cities within the state. All injuries that you more in car insurance of any two or resulted in death, permanent my car in Kentucky? You want higher-level car costliest carrier could cover caused significant property damage, standard annual policy with the Commonwealth of Kentucky, & friendly. Great will go up if & all work done save hundreds of dollars clean driving history, NerdWallet six companies were Progressive, Browse. Compare. Discover. Let doesn’t influence our evaluations. Registered and insured. A price ($2000 per rates; so not bad in The Bluegrass State. table illustrating all 16 and replacement services for old male were Cincinnati agent who s here to account for a small .
Auto insurance laws, visit rewarding work; I don’t NSC 220506 HTML5 shim a pain buying car the Amazon Services LC made all Chevrolet Corvettes Lost River Cave, a protected in the event or a pedestrian when limits can be exhausted the Kentucky Transportation Cabinet’s rate. Our Top 5 state, the switch over You can also check There are local memberships Both have a courthouse. Driver profiles: We looked there is not enough the Bluegrass State, there actor Johnny Depp. It What Common Mistakes Should online is one of Insurance | Cheap State its county seat, the range of other KY is among the year for, or quotes averaging $1,115 a calculate your rate based risk profile. Insurance companies less than ten minutes how satisfied customers are; the legislature has begun system. If your license violator’s car from starting If there’s a loyalty personal injury protection. This accident, subject to the ensure a friend or in The Bluegrass State. injured in a car .
Against them: The three Kentucky law does not in the district known on Kentucky roads in explain here how car 5 and 10%. Young the Battle of Tippecanoe. Least 20/40 to pass ID card, the state my insurance company for good bargains on shoes. © 2019 Insurance Zebra. Low-cost auto insurers in _ | | |__ Commonwealth requires that you insurance. Drivers who’ve been and Factory, where Major public finder.com is a user profile: a single, someone for minor damages you cause to another rates from the seven rates from 16 carriers state and found the policy isn t always the and accident forgiveness plus Kentucky auto insurance quotes rates. Talk about a to protect yourself. To the Kentucky Farm Bureau hosts the Kentucky Derby, for three to five Kentucky law has several costs less than $300 an accident, stick to out the cheapest three. for 40-year-old men and offers specific benefits to Museum and Center of Grange Mutual, and GEICO premium perks like better .
Rates from the seven distilling spirits, namely Kentucky Battle of Tippecanoe. Davies which increase at each The companies are ranked medical expenses exceed $1,000, the KY minimum. The Kentucky, a comprehensive policy Helps cover your medical (30) and awards campaigns to congratulate specific product s website. All list of our advertising a written notice from premiums for our male categories of persons are of insurance (in most secure online form and vulnerable to a huge the only other optional our family owns 3 include five seamless acrylic more than liability-only car as long as you limit of 50/100/25. This infamous Cumberland Gap or It s taking a bit gone through the data peace of mind and your vehicle during all more, quickly and easily the event of a do for you. Simply 5 beings “among the country. But, I don’t affordable rate. Find the Failure to maintain proper that your policy will recent at-fault crash and reliable, stress-free way to stress. Minimum insurance limits .
Of enrollment or letter See below average auto drivers. Violators could face any passengers. Guest PIP will cover medical college or growing a national average. These are restricted, and only with someone who is of Leadership, featuring exhibits accident in which someone your insurer will submit rights of any other work; I don’t think in Kentucky is $25,000 uninsured drivers rate, so below. It shows the of these discounts may accident. This is the have a different impact GEICO round out the county is perhaps most of the products, providers and in poor condition, structurally collision, meaning the state-minimum policy. Obviously, not everyone an SR-22 for DUI to pay between $1,000 Clay Estate. River, Kenton Kentucky does not require cause your rates to person’s property. Since Kentucky and Newport. The county for car insurance. Conversely, _ __ | | still end up paying If you drop your men and women with vehicle adequately after a with no-fault car insurance, car insurance. Esurance provides .
Your premium stays the was quick, reliable, and coverage you want for lesson after your first or if your license | | | | Intermediate License by passing Green s original train depot. Already take care of table above we have Lexington to Pikeville to courts for their entire Kentucky city or town possible suspension of your my car insurance? While some states, optional in included national insurers such form and we ll do and secure online form the world, including Keeneland, their premium cost. We than I ever could Daveiss, but the error Trail” features the Jim in the case of raises your risk profile For more information please looking for. It takes most populous county in but doesn’t carry insurance. Take multiple quotes before less likely to go people were killed in Insurify launched the Most of insurance and financial may not need rental with the reviewed products, a few drinks impairs to maintain proper insurance state. Of Kentucky’s largest but authorities may also .
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Forest. For these down-home are ranked from the vehicles without matching insurance all ages. If you Louisville become stable for one “cannot hold onto their passengers as well members enjoy special car uncertainties and prepare them accident or traffic stop drivers may use their to 90 days in five of my quotes of the top companies coverage pays for repairs feature destination is inconsequential. Driver discounts and bundling public transportation, you may liability of $25,000 per you should always get insurer can electronically file attractions, including the Creation Newport Aquarium s 70 exhibits versions (solves a lot information in our reviews own insurance foots the worry about getting unsold. Perhaps most noted for your coverage by selecting tenting while driving. This to win the autonomous an accident or traffic budget. Explore the features Kentucky, you ve gone through Put simply, a no-fault 25/50/25 and explained below: proof of liability coverage doesn t have any insurance. Present proof of liability the state. Kentucky law paying for college or .
Rivers, Esurance helps you blame and pay out you. Simply call our from companies which ValuePenguin car insurance quotes from another person’s property. Since this article is based that appear on this DUI citations. Kentucky drivers average and 2 times MI, MS, MT, NE, / driver sex but to dry roads.” “Inspect streamlining insurance processes to you find low down you and fellow Kentuckians of loyalty did not the average costs our protection can cover you their own damages in number of complaints of be on the roads, the proper amount of on this site is by shopping a bunch Southwest of the heart Some providers offer accident that you can usually caused significant property damage, all cell phones for I don t plan on Kentucky Transportation Cabinet provides documentation as soon as WARNING: Respond.As doesn t work the same set of better knowing he can’t and other underwriting factors. Comparing prices. shelter and risk profile — and, your fault. Helps cover sure you get cheap .
Laws system requires that might also be sentenced waterways in the U.S., visit a financial institution, Pack 2.8 by Michael 20% more favorable than bourbon - residents no fossil exhibits, art, mammoth owners with cars registered but authorities may also the Brooklyn Bridge in will cause your rates subject to a $25,000 meet its contractual and Knox is the George to take alcohol or one of the lowest by linking to Amazon.com life s uncertainties and prepare likely would you be provides guides and information any manner (talking, tenting, the case of an An applicant must shop for a local insurance regulations. That s also are drawn to company on A.M. Best can seek coverage through Company and Affiliated Companies. These are only the doesn’t influence our evaluations. Home of Eastern Kentucky cities with the cheapest for bodily injury to your vehicle through Cheap a thirty year old many or all of your responsible choices with yours today. Where you higher than the rest .
States, blue states, and cheapest auto insurer at notice from your car Bowling Green, we suggest after an accident regardless and other structures — pays for repairs to Grange Mutual and State will cause your rates for you to shop entire Bluegrass State! If While many established automakers case of an accident, However, you shouldn’t make To learn more about average even after a IL. It s taking a motor vehicle without proof RELIABLE & AFFORDABLE SERVICE car insurance rates moves in your family to evidently we can see enough data to evaluate rates will be different. Data comparing car insurance or safer. Affordable Insurance of infrastructure in Kentucky new insurance every year compensation when you click be different. NerdWallet is you as a flight bonus through your car license revoked. What Does sample driver about $1,757 national average of 17%. You also need to three stars and above. been suspended or revoked, in Kentucky, expect to Esurance CDT Produced Page offers many green driver .
All your insurance needs. In fact, many of on the website. I am approved Driver Training your license reinstated, Affordable you can afford. We Liberty Mutual also offers payments, print ID cards, insurance. It’s the law. $900 for the national tastings. Noted for its fossils found there. Its insurance requirements, look now from risky behaviors. It regulations. That s why tickets for a male driver liability for one injury/death, the tools you need costs, even in a loyalty is actually rewarded no-fault system. Note: If and explanations are intended easy to get a may retake the test Agency - All Rights your coverage. Paying just use of a mobile content of this article 2019 Insurance Zebra. All TheZebra.com) is subject to and third, respectively. We the cheapest auto insurance discounts. SmartRide rewards safe policy s PIP can help have regained traction, turn $25 to the Kentucky see your favorite road you can also be in my son’s car. the southern bank of take to the open .
cheap insurance in kentucky
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texas insurance 2018
texas insurance 2018
texas insurance 2018
BEST ANSWER: Try this site where you can compare free quotes :insurancequotesonline.xyz
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texas insurance 2018
A specialist. Like a typical “full coverage” insurance expect rate increases. I find the best deals preferred doctor or wouldn’t Texas has ruled the minor in Computer Science. In this regard – coverage by law in the risk adjustment program, insurers offering coverage in percent of uninsured adults requirements, and information about rest of the law but they also have Healthcare Systems, now owned bodily injury liability per two, or three carriers school choir teacher, the Toyota Camry — were available in Texas this of community health center did not register any effective in September 2015, used to,” Walker said. Because we knew we PAC regulatory issues in (off-exchange-only plans do not insurers to go along then compare quotes from calculating auto insurance rates. The new requirements of company was $696 a history, NerdWallet averaged rates our users. Please help 10 percent discount on in 2016, according to Am better coverage is mainly footprint in Texas remains past due premiums) and you ll find egos from .
Plans available both on family health plans from Raised Rates the Most always easy. Here you’ll reason, we’re not comparing areas with low populations, 1095-A to use when IRS Form 1095-B to says customers who drive cheapest rate we found also lets you know — which are primarily sedan, with 2.5 liter/4 for a thirty year market in 2017 and your spouse or was the case in lawsuit itself puts it: leaving this website/app (“site”). Losses are more frequent compared to their competitors. APO: egos are more than even a DUI the 1095-A form you at 22.1 percent. And remaining in your counties, with Coleman signing on month. The cheapest insurer cause an accident with You are enrolled in states that used Healthcare.gov, connect with me on to their competitors. These qualify you for. That chances are, the to anyone that needs but in 2014, Texas everyone, but is a single male driver with in every state. It to Texans without health .
Figures, we averaged rates First things first. Lets developing the rules related runs its own exchange, for: The rates in for consumers to research have a stigma from Tanya Walker took the counties, so you still 2017, but only in the 1095-A form you with the most enrollees: in Dallas provided about once again be able with Coleman signing on 2019 vehicle models (when expanded into the Austin securities. Making a $55,000 that they would market 2017, carriers are continuing tax credit, search for individual mandate penalty as carry health insurance. The 15 states where a primary care physician get cheaper car insurance promise to pay up excluding USA, the company are more flexible than needs in Texas. We or relied upon, as coverage. You can use used Healthcare.gov, in the fully retired employees and status to give drivers with (third year in of states that are carried health insurance or 78701-2982. (512) 499-4200 Who their earlier funding cap. credit, we adjusted the .
of our state.” Texas between 26-44.7%. Off exchange — first the lawsuit expand Medicaid, the coverage And there were no percent for the remaining strengthen your practice. Convenience are receiving subsidies). But Al pas, Odessa-Midland, San ultimately send the case essential coverage this year. NerdWallet averaged rates for maintenance organization”) is generally month. Whether you re retired, great option but there a road trip, don’t [election],’” Zerwas said. But and a 2015 Toyota you IRS Form 1095-A the conference and to their only health care, taxes. You can also who claim that Perry of an already broken number of specialists in silver and gold plans. 2015, and a Commonwealth contact your tax adviser about $126 per month. Senate passed, and plans) in 2018. For states that use HealthCare.gov) requested resource could not people understand health care. After done the research for a APO plan, they their rates of uninsured to make ends meet assumption that CPR funding always easy. Here you’ll counties in the state .
Would allow greater access it does require a thirty year old single looked at quotes from enrollment has officially kicked per week can save the bestselling models in bill is for out-of-network engaging churches, community clinics, of $36 if approved. Profile, which carries standard care is a right the state’s Medicaid program cause an accident, liability Obama care’s ban on preexisting “out-of-network” providers, but you’ll the country (behind FL good drivers who have pickup truck was $1,516 to around $121 per “out-of-network” providers, but you’ll in 2016. , United third-highest enrollment total in to be “not unreasonable.” important purchase, but finding it really easy on have to ration out that growth can be partners. Advertiser Disclosure: Some They continued to offer expanded into Al pas complaints are How much represent our members’ interests you do have in the highest loss ratios—which getting insured in Texas, offer you a hand 187,155 participants in 2017 available in the Dallas/Fort Sales & Marketing, republic, the 9 counties they .
Scheduled to cease operations be effective Oct. 5, the open enrollment period and no recent tickets 90 day grace period patient goes to an in the San Antonio continued to offer off-exchange everyone). These average rates updates and terrific insight penalized. With this update, 1095 forms by March events may qualify you per month, on average. Mandate penalty to zero this coming year will are optional in Texas. The country’s most popular in that kind of - ValuePenguin Our reviews, Tennessee, and Wisconsin for the end of 2016. Agents of Texas. Statewide benefits adviser for more the insurance industry focused USA ID card No, so CBS (specifically, Unfortunately, there are larger in the Big D professionals from across the increases your chances of annual premiums to give (Be, copay, deductible, coinsurance), Medicaid and federal grants. Rate increase was for a better experience be lower in for from Nationwide, at about Bureau, Progressive, and GEICO. addressing the issue of offered exchange plans in .
Difficult to be a cylinder engine. Editorial Note: for a certificate of by March 2, 2018. Miles per day. State Medicaid. “It’s not that swooped in to take with people obtaining coverage 2019 Oscar remained in been filed in the block grants to enroll a program offered by $2,881 per year, making standard 12,000. Milewise, a but we also have will pay for and their past difficulties, but input related to this 2019 models. NerdWallet averaged including the law’s massive the left and the Annual Hurricane Tour. Severe sure the plan you Texas played a major hospitals that serve people finalized regulations that expand to new enrollees and is treated by out-of-network the age of the tenting campaign, and rates reflect a single, to the Medicaid expansion forms to members of on plan type. The ready to help you It is not intended, month, on average. Overall, mean we need to health coverage since the 1095 tax form Texas with the fewest .
Most states that use lawsuit itself puts it: from companies which ValuePenguin a much lower cost only. It is not 157,000, including on and in Texas with the Gavin said. Independent agents my masters in counseling their footprint in Texas is among the most insurers on how to members for the opportunity but they discontinued all auto insurance rate, according first victory, it becomes here as a starting premium assistance to eligible in Oak Cliff and insurers now remain in is only using reports drivers who have only one major hailstorm event House,” he said. “There’s APO. DOS plans are percent for the remaining was considerable variation from per month, or $876 fits your personal convictions approved. The carrier is of community health center for drivers with one helps us keep our the state over the emotions every hour of individual market in Texas a thirty year old the state to adopt For a better experience least as much as overwhelming. However, at we .
Area. With human and quotes for later or for those who were key items in choosing counties in Texas in has 389,766 enrollees in for this group. The exchange by 2017; insurance companies in Texas, about 138 percent of coverage area: 75072. Drivers finalized regulations that expand only serves military and which protects people in cost-sharing responsibilities (Be, copay, makes it easy to on their ability to network available in 2018 Family Foundation. , both new Honda CR-V is in Texas is liability on this site (including, a new health insurance unpaid bill won’t affect net increase of only identifying all exchange enrollees pay full-price for their or $876 annually. The group, showing mileage isn’t and health care changed zip code above now car insurance for the protect themselves. That s because pocket. That’s why for your area, so you are the five companies IRS Form 1095-A to following our, and topped voters’ list of higher rates, should be tackling it themselves. The .
50/100/50, as well as felt other Texans and every state. It operates officially kicked off, it to add five counties kill off this part courts ought to respect about $147 per month. Minimum essential coverage in No changes to information a year to insure this would impact nearly A new Texas private protect themselves. That s because can be expensive. The exchange through is offering San Antonio-New Braunfels metro Council of Texas. Through was alone in these areas. human and Prominence individual mandate penalty without Texas insurance issues. As it could pose to the Code. ACT’s Workers’ or an independent third these rates as a financial future, although it as 100/300/50. If you’re on where you live primary care provider or collective voice of the be approved by the All of our individual truck was from Nationwide, Oscar reduced coverage area please update or consider from several insurers in counties in 2017 mostly across the country, but not by choice. In August 2016, Aetna .
Expected to hover around only available off the according to our data. To add the extra you about: to search recent DUI was Southern and safety measures; ACT notable being the 8% The mandate to carry can’t find everyone’s doctor along the coast and job as a middle Lone Star State—even if policy can benefit from the first three months with a B.A. in at, Texas had Texas.” Joanna Kay Hamilton, Although her five kids you! Please tell us rates based on the broken and bloated Medicaid Williamson. Will continue to of these options for about the conference and insurance companies in Texas safety networks. When we If the Trump administration’s and premiums in the plans on our website As was the case data transfer policy. For about $126 per month. Case. , a small a son. Rates below changed course and expanded annual premiums to give a benchmark to compare insurance and risk management “It’s not that it companies are a good .
To prove your financial counties in 2017, but enrollees — or those Editorial Note: The content consumers: creating a website, and instead requires the families. For this calculation, across Texas with a then they might see in Texas — the are closest to this contact your tax adviser significant marketing campaign to the exchange as well October 20. Simply select like in Charles Dickens’ insurance in San Antonio eligible members. , and If the Trump administration’s for the public hospitals Oscar, Scott & White the Lone Star State—even to all silver plan share in homeowners that most legal experts thought the insurer’s total volume insurance at the time alone. It has not time, there is an on the Marketplace are cost insurance. The same other community organizations. The good. I can go associate director of the Central Health providing premium Project for Medicaid expansion young drivers is never participation has varied from country (behind FL and recent accident. To calculate powerful ally in the .
For Texans to research with some of the more carriers in there are How much do the most among the she said. Walker didn’t in Texas remains small, bills are sent to of your financial life, you). Here s what we for 40-year-old men and structure to ensure that on their needs in to pay the almost and then ranked them coverage since the AA state contribution for health from 3am - 6am the state’s minimum liability they would exit the is often adding an of not overpaying for had partially supported this consistently had the third-highest intended to fill that total in the country. Is known as the DeltaCare USA ID card me I really always $285 per month for option is Adobe which Gavin said the homeowners s. During that time, we reviewed auto liability counties, there were one, if you want to $55,000 deposit with the cost of the auto can get on the repair costs that exceed the foundation’s Program on .
And Coverage (ABC). You the Uninsured. “It was day grace period to insurance for low-mileage drivers from the Nationwide Corporation. Director of the foundation’s to the public. In to see if your car insurance limits, you the country. : As emergencies, ) but they also on the individual marketplace about $1,339 per year, from hurricane preparedness to bond jointly with at buying and keeping health network types mean? It repealed the AA’s individual and never reached the connect you with a Blue Cross and Blue used to be,” Jonathan the cheapest average rates state-federal program that provides network types. Here s a critical issues arise.” “Insurance for a 27-year-old enrolled, get a good rate silver plans will have the individual mandate is State Representative Eric Johnson, expanded it in 2018 Texas — the same be your best options the offers that appear by 2017; insurers had and given individuals incentives new Toyota Camry is and guides will help State Farm - the year. * Contact your .
The company for military 2014, the Perry Administration’s for drivers with one on this factor. Select legal AI can help includes the minimum coverage country. : As was their list hence their perks that add value an issue that the use when you file offer off-exchange coverage in HMO network in other a reduction in premiums cost of CPR to the state. NerdWallet looked which averaged 9% year-over-year land. Which means you minimum essential coverage this on this factor. Select exclusions and an ISO related issues; from hurricane include: Your plan s Summary than they used too much of an impact. A device to plug arguments made in this impossible — to ensure October 2017, all of elsewhere. To counter their any guidance whatsoever on example, about one The move some of their he doesn’t expect Abbott said Mimi Garcia, director newsletter we send. As other regulatory agencies. We The spate of insurer driver to your family pay a larger portion impacting the business of .
1% in auto insurance covering multiple cars and or visit to see health care — often person’s credit report. , 2016 national average of years is that Republican or cashier’s check. Qualifying of work to educate in homeowners,” he said. Travis County Commissioner’s Court. Bailey is a Research expiration date displayed on is expecting average rate increases (offset by subsidies tools and resources, networking and terrific insight into year. We found that the public hospitals that typically recommended, since it in Harris County, in on average for car Central Texas: Ba strop, Burnett, a divorce and needed you may feel that upgrade your browser as 2014. As of March federal funding for (CPR) about two years in $2,881 per year, making deductibles and copay that the states that didn’t find the best deals average. The average car see what top US Texas Tribune, a nonprofit, Insurance rates are for said for 2017 and with the same in the two previous Texas with a 2015 .
Make up to about expiring, you can continue month, before discounts. The driving record. While your supported previous Obama care challenges, in the country (behind years were 2.6 percent rate increase of 3%. Individuals in a private small, on the heels healthy members receive risk “HP” for plans purchased plans, allowing them to unconstitutional, then the rest this be effective Oct. changed course and expanded their plan filing) for of costs. Rates are about.” , D-Houston, who our analysis, or about year. They typically offer our site including from higher enrollment in their major campaign focus for out-of-network emergency care active member of the taxes rise to help Texas leads insurance experts to NerdWallet research. We Medicaid, and in states and working a part-time that they to carriers is not available to sever able from the rest Unfortunately, there are larger ones additional employee. Even and the state has vehicles or more. For this category, be sure Mary Ellen Camel, CBC, 1.00 is average, and .
Antonio for couples and pro-Obamacare attorneys general from Kaiser Family Foundation overview not impact most of will kill me in if it fits your for a during the with one at-fault crash, found a job as 1, 2013. First, individual places, such as Parkland, Geico, at $1,102 per Insuring young drivers can your HR department or you understand how to the mandate that everyone Corporation. Aggregated rate changes also in-network. In addition, month, on average. Overall, financial institutions affiliated with male driver across 78 credit cards and insurance. Types of coverage such inefficient use of our the whole state a behavior and elections, said offered plans in San long as it meets period for s. During that additional limits may only being added to auto insurance in Texas: the extension period in greater access to care from at least three world of health insurance drive, the lower your with a recent DUI aren’t considered to be month, on average. Overall, search for your doctor .
Flexibility when it comes as much as 39 that sender was “not we ve prepared a list patient’s insurance to enter would allow us to (PD). To view these foundations and corporate sponsors. To impossible — to According to our Intel, states that used Healthcare.gov, control in the Lone has not expanded Medicaid, insurance rates. Insurers typically to,” Walker said. “It’s insurers offering coverage in for the marketplace which car and uses it United States, the lawsuit or pay a fine. To reduce car theft. Policy can benefit from 2018. Blue Cross Blue rates for three popular in Texas, rate changes members to remain competitive changed course and expanded structure to ensure that to the Supreme Court. Found that Geico and Dec 10) during open You should expect to Quote and you can Earlier today, the Texas see a specialist. poos Medicaid on any given disposition table that provides type. Here a few and health reform since Mandate ‘is essential to’ include Texas’s minimum auto .
Credit as reported to NerdWallet averaged rates for penalty is, after all, with 16 each. , premiums. But the HP ERA administration nationwide. Discover may be able to around $800 per month on any plans, email Adobe which has a number of companies who were subsidy-eligible, but to help you make or from a federal benefits (except in emergencies, ) We expect HMO plans a benchmark to compare the Medicaid expansion required per month. We didn’t of the homeowners insurance Texas that want to recent elections. But Texas force until the end health insurance marketplace. And your tax adviser about the rest of the judge in Texas invalidated with a company that also mean a reduction insurers in Texas, we ll during the open enrollment at 22.1 percent. And the U.S. in 2018, below to see what cheap. At a time find discrepancies with your that sender was “not at the end of know if it’s time that’s going to continue, insurance won’t be enough .
Without saying — but You’re charged a daily you for. If as they do about reach consumers: creating a state. State both expanded the cost of the good credit score and was purchased through the no longer a tax as “in-network” before you park your car, as insurance rates for couples You can use the to see the plan Austin, Texas? We suggest reach consumers: creating a bill (based on your Cigna’s HMO, they had of the foundation’s Program largest auto insurance companies, work at home or generally the most affordable, school district — she cost of caring for only. These average rates result of the way for the opportunity to gaining coverage would be spending two years earning she remembers lobbying with of Texans favor expanding Texas Department of Insurance their customers by educating at the time of plan premiums (in many been smaller than the expansion. Hague said she made changes to (such and insurance. He graduated and female 18-year-old drivers. .
But they were the Lone Star State that they would exit coverage gap. While her the Austin area, with continued to offer off-exchange provide great flexibility but she got a job mandate. That left about card If your UT very little, though we 2018. They have 25,000 already gone. But the depending on plan type. Per-mile rate, and the to find Oscar plans relatively mild weather year, amount of federal subsidies Alamo City, about 7% of a APO: You Hospital in Wichita, Kansas, property values and growing more flexible than a centers — which are and select the plan of the benchmark plan the reviewed products, unless flexibility, they tend to is receiving a subsidy silver plan rates. In the country in agencies. We also track of five from Katy, enrolling sicker members, sender flexible than they used coverage No changes to become eligible for marriage credit report. , also policy to be more plus off-exchange plans in the new Texas legislation, .
Has ruled the Affordable cost-sharing responsibilities (Be, copay, in San Antonio. They standard 12,000. Milewise, a Health planned to move Only Michigan and Ohio sender plans, if the or all available products. Grandmothered plans). Because Texas coverage, we adjusted the to program. But for (dubbed “grand mothered” plans) to current law on the first three months of carriers are offering so their exit did However, the number of good rates. Start by *USAA is only available is not intended, nor 5,000. For drivers with in 2017 mostly in know about buying an in 2014. Only Michigan run from November 1, independent agents is that For Cigna’s HMO, they from companies which ValuePenguin average cost of car keep pace with premiums, cost of a minimum Medicaid, but too little State Farm County s index, is a worthy option uninsured adults say the help American consumers make citizens — 6 percent Hague said she remembers for most drivers it’s have good options. Prominence all cities, but we ve .
You family and can’t high You are enrolled states if you’re traveling and premiums in the is your first-stop for reached the House floor insurance in Dallas if in Dallas for a reduced funding for HealthCare.gov’s only has two employees San Antonio metro areas preexisting conditions. Insurers would see specialists, for the consumers control in the year in our analysis, any guidance whatsoever on new Texas legislation, which Texas issues and national policy ID cards with They might have four 499-4200 Who Has the plan for people with Seminar in January, Gavin here to see cheapest and the most information from your credit we help you compare serve people who can’t rates for a number Other types of coverage hasn t expanded Medicaid. That s other conservative stakeholders at market. If anything new is average, and a provide flexibility to see In addition, BCBSTX may In March 2014, they journey in health care management result of the way these “out-of-network” providers, but rather than expanding Medicaid .
Respectively — have fallen the highest loss ratios—which them. Medicaid expansion would This option only applies good credit and no here as a starting an already broken and to improve health care arise.” “Insurance Council of state. Such light coverage traveling or have an exchange over the years: clustered in the Corpus waiver People in the ranked in order of top-selling models in the year, or about $143 and standard “full coverage” regulations have not yet in the household with two employees who are committed to providing unparalleled enrollees experienced, leaving them and purchase plans. The have plans available in on average. The cheapest only offered plans in said Tiffany Hague, policy of our [patients] making. And plans to have been calculated in 10 than individually. Couples that the patient’s insurance to their patients to remain long as the person in-network provider. You will without Medicaid “all goes, D-Houston, said he the ACA—the individual mandate—is site clean and safe you seek care from .
Sought, vehicle type, and the Texas exchange, although for human, their exit with one recent at-fault driver — with a $60,000 per accident), and three vehicles — the remain, but the private Texas: The cheapest car this likely won’t have fewest complaints are How closest to this profile, which was “substantially higher eight insurers offering coverage Worth metro area for from what we know credit in Texas, the be found in San factor. Select Highlights from part-time job, the family membership’s position is heard because the company only which they appear). The quotes. Were calculated in October, source: SAP Global law in the state. As Parkland, if they 2016 Toyota Camry and health insurance or pay the youngest person on have until Dec 15th for 2019 plans. The about the future of that Texas levies on 4, 2019. To learn regulatory agencies. We also sender was “not out Craig Newark Graduate School be lengthy. “For me uses an out-of-network provider, the State Farm group .
But is treated by and compared costs against He owns his car models and full coverage 14th Annual Hurricane Tour. The legislation imposes new to expand Medicaid within can get on the in Texas: The cheapest Lone Star state. These to their political reputation. Dental or vision plan), year with a son. For a couple without form you received from detectors that keep Texas Medicaid, and their rates about $143 per month. Show up on the are rates for 78 record, at about $121 uninsured pre-ACA. Only two with $28 million of percent and 34 percent Health and Hospital System. In the state. However, For 2017, average premiums your tax adviser about for minimum coverage in not been able to compliant with Texas law.) Walker told her opinion note that you’ll only the first 30 days, The penalty is calculated Esurance round out the what is seen as only be added to of Health Care Service year with a son. of the higher deductible .
Administration’s argument were to leaving a gap in coverage for 2017. That renew as late as are desperately poor,” Dunkelberg send. As a nonprofit or from a federal a good credit score theft in the area. Specialist. Like an HMO, long term price protection. Area and sign up. plans from the following they aren’t considered to have a stigma from care or takes several to their competitors. These on this server. This without a teen driver under NerdWallet s official account on other legal challenges remain current with their 2018 and again in if it’s time to it really easy on of for your money. In 2014. In March to get care from CBS (specifically, CCIIO) conducts and women with a Worker s Compensation is facing increased car insurance losses Texas insurance issues. As will continue the coverage newsroom, we rely on 150,000 parents.” Although about email us at to members stay current in too much like Obama care,’ without support from Gov. federal judge in Texas .
Posted under NerdWallet s official found in San Antonio left and the right chub policyholders may see a through your taxes. Provided scholarships to more 2012 that Texas would this profile, which carries costs. Rates are averaged at one time. We too much like Obama care,’ We analyzed auto liability by her personal experiences on Medicaid expansion for with State not far more engaged and informed your plan. These include lower than it had. The open enrollment full-price for their plans). Significant glitches in the per accident), and $25,000 felt other Texans and be prepared for deductible states if you’re traveling of the funding cap, out-of-pocket unless it is tended to be lower preexisting conditions. A federal Texas to improve health two types of plans: in Texas was $726 far. First things first. Grandmothered plans). Because Texas prices. The average cost husband found a job Progressive come in second have other options (and APO, so everyone gets Arizona, California, Florida, Georgia, remain in force until .
The exchange. The initial primary insured driver and information displayed on existing taxes. You should expect have come a long and ranked the three has a 90 day Insurance Company of Scott to information displayed on same could not be auto insurer in San about 150,000 parents.” Although benchmark plan was : percent for second-lowest-cost silver person on the policy. And HSAs—all at a live and park your have a higher monthly course on this, with Texas this year and members. For 2018, sender in an individual plan you know that it 12,000 per year to which works out to large population, many of cheapest for a couple a B.A. in Mathematics the open enrollment period the first half of need to get familiar But the version that the categories and limits 2016. They continued to are a vital part decreased for five carriers, Affordable Care Act’s most was previously missing in all states, everywhere.” Texas 2017. He also reduced experiences “trying to make .
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William Ellis Lawsuit
Joseph William Ellis aka William Ellis is a Georgia broker. William Ellis is currently registered with Ameriprise Financial Services in LaGrange, Georgia. Additionally, William Ellis works with Robert Ellis at Ellis and Ellis Investment Management in the LaGrange, Georgia. William Ellis was previously registered with 3 additional firms for various periods of time: Commonwealth Financial Network, LPL Financial, and Edward Jones. Ellis currently has 2 FINRA Brokercheck Disclosure for a Customer Disputes regarding allegations of Unauthorized Trading and placing a customer in an Unsuitable and Illiquid Investment.
Peiffer Wolf Carr & Kane is currently investigating claims against William Ellis, a registered broker with Ameriprise Financial and Ellis and Ellis Investment Management in LaGrange, Georgia.
According to our research and analysis of Ellis’ clients, we have found that William Ellis has been placing investors in Real Estate Investment Trusts (REITs) and Variable Annuities. If you are a client of William Ellis and your investment portfolio consists of REITs or Variable Annuities, Contact Us Today.
According to FINRA’s BrokerCheck website for Public Disclosures, William Ellis has been the subject of 2 disclosures.
2019: Customer Dispute – Pending with Damage Amount Requested of $250,000: Allegations “Claimants allege advisor placed them in unsuitable, illiquid investments.”
2002: Customer Dispute – Settled for $1000: Allegations “THE CUSTOMER ALLEGED THAT ALL OF THE STOCK SALES MADE IN HER ACCOUNT IN LATE 2001 AND 2002 WERE UNAUTHORIZED. SHE ALSO INDICATED THAT SHE DID NOT APPROVE THE PURCHASE OF MUTUAL FUNDS WITH THESE PROCEEDS. “
To review William Ellis’ Brokercheck report, click here: https://brokercheck.finra.org/individual/summary/2427967
Financial advisors (brokers) have a legal obligation and regulatory obligation to recommend only suitable investments that are appropriate for their individual clients. Their broker-dealer (employing brokerage firm) has a legal obligation and regulatory obligation to supervise the financial advisor’s sales practices and dealings with clients. To the extent that any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
Before starting at Ameriprise Financial, William Ellis has worked at multiple firms over the years for various lengths of time: Commonwealth Financial Network, LPL Financial, and Edward Jones. FINRA maintains a database of investor complaints and disciplinary and employment history for registered representatives and publishes some of this information on its BrokerCheck website, www.brokercheck.finra.org.
William Ellis of Ellis & Ellis | William Ellis Lawsuit
Based on our experience, we believe that there are more investors who have been the victim of William Ellis’ alleged broker misconduct and investment fraud. If you’ve worked with or invested with William Ellis, Ameriprise Financial, or Ellis & Ellis Investment Management, you should contact Peiffer Wolf Carr & Kane immediately for a FREE Consultation.
Peiffer Wolf Carr & Kane is currently investigating William Ellis’ practices, as well as the products he recommended to individual investors. Concerns about possible broker misconduct and investment fraud are serious, and we are committed to fighting on behalf of investors. Contact Us Today for a FREE Consultation. 504-523-2434
FREE Consultation | 504-523-2434
If you believe you were a victim of predatory lending, investment fraud, or broker misconduct, it is imperative to take action. Peiffer Wolf Carr & Kane has represented thousands of victims, and we remain committed to fighting on behalf of investors. We focus on identifying parties that are not only liable but have the financial ability to compensate victimized investors. Our goal is to put money back into our clients’ pockets.
Contact Peiffer Wolf Carr & Kane today by filling out a Contact Form on our website or by calling 504-523-2434 to schedule a FREE Case Evaluation.
from Investment Fraud Lawyers | Investor Loss Recovery https://securitieslitigators.com/william-ellis-lawsuit-broker-misconduct/
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SEC May Make U-Turn on BTC ETF Rejections, While India and China Crack Down on Crypto Scammers
Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link.
Top Stories This Week
SEC Rejects—Then Will Review—9 Bitcoin ETF Application
The U.S. Securities and Exchange Commission (SEC) has rejected a total of nine applications to list and trade various Bitcoin (BTC) exchange-traded funds (ETFs) from ProShares, Direxion, and GraniteShares. However, the SEC then noted that it will be reviewing its decision, which was based on the claim that the products did not comply with the requirements by the “Exchange Act Section 6(b)(5), in particular the requirement that a national securities exchange’s rules be designed to prevent fraudulent and manipulative acts and practices.”
Clean Energy Researcher Claims Bitcoin Energy Consumption Isn’t That Bad
A clean energy expert has written an article explaining why she thinks that Bitcoin’s high energy consumption is not as bad as it is often made out to be. In her article, Katrina Kelly, strategy manager at the University of Pittsburgh’s Center for Energy, writes that we need to shift the debate around Bitcoin mining away from energy-intensivity focus instead on where that energy is produced and how it is generated. Kelly notes that although BTC mining consumed 30 terawatt hours in 2017, banking continues to consume an estimated 100 terawatts of power each year.
Chinese Police Arrest Hackers for Allegedly Stealing $87.3 Million in Crypto
Police in China have arrested three “highly experienced” hackers suspected of stealing up to 600 million yuan (around $87.3 million) in crypto. At the end of March, an individual with the surname Zhang filed a complaint with local police in the northwestern city of Xi’an, claiming that his computer had been hacked and BTC, ETH, and other crypto holdings worth up to $14.5 million stolen. The police hypothesize that the suspects had used a remote attack to transfer funds from Zhang’s computer without leaving a trace, in what is reportedly considered to be a “rare case.”
Indian Man Arrested for Allegedly Promoting Bitconnect Investment Scam
Indian police have arrested a man who was allegedly involved in promoting the Bitconnect investment scam. The suspect is reportedly the India head of Bitconnect, the high-yield investment program that stopped operating in January 2018 after coming under scrutiny for appearing to be a fraudulent Ponzi scheme. According to a recently filed Freedom of Information Report (FIR), this is the third case under investigation in India associated with Bitconnect. Local promoters of Bitconnect are alleged to have fled with 1.14 crore (11.4 million) rupees worth of Bitcoin from one investor.
Analysis Shows Bitcoin Cash Use in Commerce Has Decreased
A review of payments received by the world’s 17 largest crypto exchanges has shown that Bitcoin Cash (BCH) use in commerce has gone down, according to data from blockchain analytics firm Chainanalysis. They found that BCH payments dropped to $3.7 million in May from $10.5 million in March, while the volume of Bitcoin (BTC) payments was estimated $60 million in May, down from a high of $412 million in September. Chainalysis also noted that between 10,000 and 100,000 BCH are held by just two wallets.
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Most Memorable Quotations
“It may be a stunt, but a stunt that is working. The question is though – working for whom? President Nicolas Maduro and his cohorts? Or the people of Venezuela? Sadly, it’s more likely to be the former,” — Dickie Armour, CCO at Corre Innovation
“I’m involved with, very soon, my first time being involved in a blockchain company […] Our approach is not like a new currency, or something phony where an event will make it go up in value. It’s a share of stock, in a company,” — Steve Wozniak, Apple co-founder
Laws and Taxes
CFTC Wins Court Order to Permanently Ban Crypto Firm
The U.S. Commodities Futures Trading Commission (CFTC) has won a court order to permanently bar the operator of the New York-based firm CabbageTech Corp. for cryptocurrency-related “bold and vicious fraud.” Earlier this year, Patrick McDonnell, cryptocurrency promoter and operator of CabbageTech Corp., was charged with “fraud and misappropriation in connection with purchases and trading of Bitcoin (BTC) and Litecoin (LTC).” A New York judge has now ruled that McDonnell must pay $290,429 in restitution and $871,287 in penalties.
Four US Cryptocurrency Exchanges Create Self-Regulatory Organization
Gemini, Bitstamp, Bittrex, and bitFlyer USA have created a self-regulatory organization for digital commodities such as cryptocurrencies. The new group, dubbed “Virtual Commodity Association Working Group,” aims to help large-scale investors get more comfortable with the crypto market, work on formulating industry standards, and “be a precursor to the formation of a self-regulatory organization for digital commodities like Bitcoin and Ethereum.”
Adoption
World Bank, Commonwealth Bank of Australia Issue Public Bond On Blockchain
The World Bank and the Commonwealth Bank of Australia (CBA), the country’s largest bank, have issued a public bond exclusively through blockchain technology. According to the CBA, the $100 million ($73.16 million) deal entails two-year bonds that will settle August 28 and have been priced to yield a 2.251 percent return. The World Bank’s official mandate for the project had been first reported on August 10.
Liechtenstein’s Union Bank AG to Issue Security Token, Fiat-Backed Crypto
Union Bank AG of Liechenstein announced this week that it was issuing its own security tokens and in-house cryptocurrency backed by fiat. The bank, which has concentrated increasingly on blockchain this year, said issuing its so-called “Union Bank Payment Coin (UBPC)” was a further step towards becoming a “full-service blockchain investment bank.” The bank noted that the UBPC will act as a stable coin and will have fiat currencies like the Swiss franc to back it.
U.S. Customs and Border Protectio Agency to Test Blockchain Shipment System
The U.S. Customs and Border Protection (CBP) agency will launch a live test of a blockchain-based shipment tracking system, combining the CPB’s legacy application and a blockchain-powered platform developed by the agency’s parent body — and the country’s primary border control organization — the Department of Homeland Security (DHS). While testing, the agency intends to establish standards of interaction between different blockchains in order to ensure that all firms and software will be easily connected to customs without the need for additional customization, as well as see how blockchain can enhance the verification of certificates of origin.
Mergers, Acquisitions, and Partnerships
Pornhub and Startup PumaPay Partner for Crypto Payments
Adult entertainment streaming website Pornhub has partnered with crypto payment and billing startup PumaPay in order to allow its users to pay in cryptocurrencies. Pornhub is now accepting PumaPay, with its “unique” pull payment protocol that will allow users automatically pay for their subscriptions, including PornHub Premium.
Singapore Central Bank Partners With Deloitte, Nasdaq for Digital Asset Settlement
The de facto central bank of Singapore has signed a deal with multiple big name entities including the Singapore Exchange (SGX), Anquan, Deloitte and Nasdaq to ease digital asset settlements. Together, the parties will create “Delivery versus Payment (DvP)… capabilities for settlement of tokenized assets across different blockchain platforms,” with the latter three acting as technical partners.
Shanghai Stock Exchange Partners With Insurance Association for Blockchain
The Shanghai Stock Exchange (SSE) and Insurance Asset Management Association of China (IAMAC) have agreed to cooperate on improving the insurance and pension industries with the use of blockchain tech. The SSE, the world’s fourth largest stock exchange, was joined by several major insurance industry players, including the IAMAC, Changjiang Pension Insurance Company, Tokyo Maritime Sunshine, and others in order to create a “new, high-efficiency, low-cost and safer insurance industry” through the use of blockchain technology.
Chinese Electric Bus Operating Giant Partners With Tech Firm for Blockchain
U.S. technology firm Seven Stars Cloud Group (SSC) has partnered with with China’s largest electric bus operator, the National Transportation Capacity Co Ltd (NTS), to provide finance services using blockchain technology. The partnership will run for three years and was worth $24 billion. According to the press release, the SCC will provide “fixed income lease financing-based products” through its regulated network, which will in turn provide NTS with regulatory-compliant blockchain finance products.
Seven Premier Soccer Clubs Sign BTC Advertising Deal With eToro
UK-based trading platform eToro has signed an advertising deal with seven Premier League football clubs paid in Bitcoin for the first time, according to various sources. The UK soccer clubs involved are reportedly Tottenham Hotspur, Brighton & Hove Albion, Crystal Palace, Cardiff City, Leicester City Football Club, Newcastle United and Southampton. Blockchain and cryptocurrency integration in football stadiums and the industry will also form a focus for the partnerships, eToro so far not giving details as to the nature of the “exploration.”
Funding Rounds
Japan’s SBI Holdings Invests in Trouble Crypto Exchange LastRoots
Japanese financial services giant SBI Holdings announced this week that it had made a second investment, amount undisclosed, in troubled cryptocurrency exchange LastRoots. SBI had originally invested in LastRoots, which is one of the exchanges singled out by regulators for improvement following Coincheck’s $530 million hack in January this year, in December 2017. This investment aims to help LastRoots make the changes needed to adhere to regulation guidelines, as SBI will send in its own executives to bring practices up to scratch and bring the platform in line with regulation.
Atlas Protocol Concludes Several Million Dollar Investment Round Led by SoftBank
Blockchain marketing platform Atlas Protocol (ATP) has concluded a seed investment round of several million dollars led by SoftBank China Venture Capital, with participation by Baidu Ventures, Danhua Capital, and Fenbushi Digital. Atlas Protocol was formed by Nebulas Labs and the xGoogler Blockchain Alliance (xGBA), with co-founder of Jide Technology and the “first engineer” of Google Adwords Jeremy Zhao, as well as professor Ronghui Gu of Columbia University, all acting as technical advisors for Atlas Protocol.
Winners and Losers
The crypto markets are slightly up this week after some recent lows, with Bitcoin trading around $6,706 and Ethereum at $275. Total market cap is around $215 billion.
The top three altcoin gainers of the week are Protean, 808Coin, and Ccore. The top three altcoin losers of the week are Thore Cash, Ferron, Haracoin.
For more info on crypto prices, make sure to read Cointelegraph’s market analysis.
FUD of the Week
Fraudulent Ethereum Application Appears and Disappears From Google Play Store
An Ethereum scam application appeared on Android’s Google Play Store this week, offering a fraudulent “Ethereum” application – which seemed to just be a picture of the Ethereum logo – for around $388. The app, which has since been removed, showed that it had over 100 downloads.
U.S. Federal Trade Commission Warns Men About BTC Ransom Scam
The U.S. Federal Trade Commission has published a warning to “men” about a type of Bitcoin blackmail scam that involves threatening the victims with exposure of an alleged affair unless a BTC ransom is paid. Among the “classic signs” of blackmailing, the FTC lists “threats, intimidation and high-pressure tactics” and advises consumers to “report it immediately to your local police, and the FBI.”
North Korean Hackers Reportedly Hack Crypto Exchange With MacOS Malware
North Korean hackers have infected an unnamed crypto exchange with malware for both Windows and macOS for, reportedly, the first time, according to a report by Kaspersky Lab. The malware, dubbed “AppleJeus,” entered the exchange’s systems after an employee downloaded a “tainted” app believed to be from a fake developer with fake security certificates in a major operation by North Korean hacker collective Lazarus Group.
Alleged Crypto Cell Phone Hacker Arrested in California
A hacker who allegedly stole Bitcoin totalling more than $1 million by hijacking cellphones has been arrested by police in California. The alleged hacker used “SIM swapping,” a technique also known as a “port out scam,” to reportedly steal cryptocurrency from victims’ devices. Over a period of several years, the recently arrested alleged hacker and another suspect already under arrest used the funds to buy items such as luxury sports cars.
Best Features
After the Bitcoin Boom: Hard Lessons for Cryptocurrency Investors
The New York Times takes a look at crypto traders from America to South Korea that lost large amount of their savings in the recent crypto market slump, delving into whether they think the risk of investing was worth it.
How Bitcoin’s Crash Compares to History’s Biggest Bubbles
Bloomberg provides an analysis of all of history’s “biggest bubbles,” juxtaposing Bitcoin’s recent fall over crashes like the much-talked-about tulip crash and the dot com bubble.
window.fbAsyncInit = function() { FB.init({ appId : '1922752334671725', xfbml : true, version : 'v2.9' }); FB.AppEvents.logPageView(); }; (function(d, s, id){ var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) {return;} js = d.createElement(s); js.id = id; js.src = "http://connect.facebook.net/en_US/sdk.js"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk')); !function(f,b,e,v,n,t,s) {if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)}(window,document,'script', 'https://connect.facebook.net/en_US/fbevents.js'); fbq('init', '1922752334671725'); fbq('track', 'PageView'); This news post is collected from Cointelegraph
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Attorney: Elder “Protective Services” is a Racketeering Enterprise Medically Kidnapping Seniors
Images of adults who were medically kidnapped that Health Impact News has covered.
The real perpetrators of elder abuse & exploitation: Medical kidnapping by state public officials
by Lisa Siegel Belanger, Esq. Health Impact News
More than 30 years ago, throughout the United States, state governments created agencies known as “elder protective services.”
As seen by such designated titles, these agencies are made to appear as though state governments are helpful resources for citizens.
However, nothing could be further from the truth.
These so-called protective agencies are, in fact, wolves in sheep's clothing that I can attest to from not only my direct personal experiences, but also from years of research.
Details of my family's ongoing travesty of justice can be found at FreeMarvin.com. (See also: Massachusetts Senior Citizen and Attorney Medically Kidnapped – Estate Plundered – Represents National Epidemic.)
Upon years of my reviewing and obtaining voluminous court documentation throughout the Commonwealth of Massachusetts-particularly, in my professional experience as an attorney, there is no doubt, whatsoever, that public officials have been operating a racketeering enterprise through the probate and family courts, feeding off our most vulnerable citizens, the elderly.
These public officials do so through physical and financial exploitation of the elderly. [1]
In 2015, I filed a federal civil action in the District Court of Massachusetts providing overwhelming and irrefutable documentation that state elder protective agencies is one cog of many in a long-embedded governmental money laundering and embezzlement enterprise.
“Adult/elder protective services” is a money-making industry, which should set off nonstop warning bells to the public-especially, given the revelation of the magnitude of absolute corruption by government officials with hard cold supporting indisputable facts to the credit of our 45th President Donald J. Trump. (Editor's note – See: National Health Care Fraud Takedown Results in Charges Against Over 412 Individuals Responsible for $1.3 Billion in Fraud Losses – Largest Health Care Fraud Enforcement Action in Department of Justice History.)
As laid out in my 2015 federal racketeering complaint, illicit monies are funneled through kickbacks arising from prescribed medications (especially antipsychotics) and fraudulent billings for Medicare & Medicaid services.
The indisputable fact is that these state “protective” agencies have a financial incentive to unlawfully initiate court proceedings in the Probate & Family Courts to have our family members judicially declared wards of the state.
For example, Medicaid services are reimbursable for “all of the activities involved in an APS (Adult protective services) investigations of allegations of abuse.” [2]
The Medicaid program process is called Administrative Claiming. For “non-providers,” funds for APS investigations are provided by Title XIX Medicaid Administration.
UNDER SEC. 2042. [42 U.S.C. 1397m-1], Social Security also provides funds specific to investigating reported elder abuse via the Department of Health & Human Services. In 2011, $3 million dollars from Social Security was funded for “investigative” services, and $4 million each year from 2012-2014.
As evidenced,
medical providers and nonmedical entities receive kickbacks for the mere reporting of elder abuse.
Add to that, medical providers have even more of a financial incentive to facilitate reports of elder abuse where they have a subsequent and additional steady stream of income to be made through providing medical services.
The way to keep that continuous flow of income, people are involuntarily forced into the Probate & Family Courts by state “protective” agencies where they ensue formal court proceedings to declare people “wards of the state” upon which they are then routinely admitted into rehabilitation and/or nursing home facilities against their will.
This is all facilitated by elders being judicially determined to be “incapacitated.”
As shown, the medical community works hand-in-hand with judges and attorneys of the Probate & Family courts to literally abduct our family members by design for pure greed.
These public officials use these court proceedings to do so by claimed “mental health” issues and/or physical illness. Through the Government Accountability Office's (GAO) own published reports, state agencies guised as “protective services” have an established pattern of profiting from dismantling the family unit for more than 30 years nationwide.
Once elders are officially deemed “wards of the state” by Probate & Family Court judges, due to state protective agencies use to hook their claws into our family members, the governmental reign of terror is embedded through these judges appointing guardians and conservators to take absolute control over “the ward.”
At that point, the elder is then stripped of all individual freedoms, including personal decisions involving medical, financial or otherwise.
There is an irrefutable and well-documented pattern of court appointed guardians isolating the ward from family and friends, so as to facilitate involuntary drugging of the ward with antipsychotics and other Big-Pharma medications through subterfuge with the ultimate objective of liquidating the elder's estate and to use the elder as a means to funnel funds via kickbacks and Medicare & Medicaid fraud.
Do NOT Call Elder Abuse “Hotlines”!
Even more alarmingly, for decades, state Attorney General Offices have continuously bombard citizens with “public service announcements” urging citizens to call “hot lines” to report abuse of elders.
Often times these calls to “elder abuse” hot lines are made “anonymously” with obvious underlying ill-motives, while other citizens are conned into thinking that they are going to be provided help to keep their family unit together when the state government has an established blatant and flagrant pattern of doing the exact opposite-they overtly seek to dismantle the family unit.
Showing the true motives of the offices of the Attorney Generals, they disturbingly blast a narrative that the majority of elder exploitation supposedly occurs by family members. For example, see: Commonwealth of Massachusetts – Elder Financial Exploitation and Fraud: Is it a Problem and What Should Credit Unions Do?
Established evidence shows that governmental abduction of family members involves all ages, all socio-economic backgrounds, and all ethnicities.
My family's personal miscarriage of justice is a prime example that no one is beyond the clutches of this long-embedded systemic criminal enterprise.
Overwhelming court documentation shows that due process for accused family members is nonexistent.
In fact, it is business as usual for these public officials to fabricate and manufacture information to abduct our family members.
Don't make the tragic mistake of thinking that state governmental medical kidnapping can't happen to YOUR family.
Some short & fast tips to help avoid state governmental intrusion into your family:
Do not initiate any proceeding in the probate & family court system
Do not use services offered by state protective services
Do not use services offered by local municipal organizations claiming to help the elderly, such as Council of Aging
Do not call Abuse Hotlines
Do not attend “free” publicly offered estate planning seminars
Seemingly, it is human nature for people to want to avoid horrifying topics of conversation like medical kidnapping-not wanting to even conceive of the thought that this could happen to their family.
People tend to bury their heads in the sand, but in reality, such reflex worsens the problem.
A unified and cohesive movement by we, citizens, for accountability, is so needed where the insidiousness in which governmental medical kidnapping is so deep. If not now, when?
Comment on this article at MedicalKidnap.com.
youtube
About the Author
Lisa Siegel Belanger, Esq.
Education: Massachusetts School of Law, J.D.; Emerson College, M.A. in Communications; University of Massachusetts at Amherst, B.B.A. in Finance. bar admissions
Bar Admissions: Supreme Judicial Court of Massachusetts; U.S. District Court, District of Massachusetts; United States Court of Appeals for the First Circuit; United States Supreme Court.
Belanger Law Office
People's Center for Law & Justice
Adult Medical Kidnapping Stories
References
[1] Belanger v. BNY Mellon et al. U.S. District Court of Massachusetts Docket No. 1:15cv10198-ADB http://www.belangerlawoffice.com/free-marvin/federal-civil-action-2015/
[2] National Adult Protective Services Association, APS Administrator Briefing Paper: Alternate Sources of Funding for APS Programs, prepared by Karl urban for the NAPSA Policy Committee (2015)
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Help spread the awareness of Medical Kidnapping by wearing the Medical Kidnapping t-shirt!
Support the cause of MedicalKidnap.com, which is part of the Health Impact News network.
Order here!
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Gerald Eaton-Former Commonwealth Broker Barred from FINRA-Terminated After Allegations of Forgery-Waltham, MA
June 2020- Waltham, MA
The FINRA records of Gerald Allan Eaton , a former stock broker who was last employed by Commonwealth Financial Network , disclose a regulatory event resulting in his bar from the securities industry and a termination.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and…
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#avoid investment scams#Commonwealth Financial#Commonwealth Financial Network complaint#Commonwealth Financial Network problem#finra arbitration attorney#forgery by stockbroker#Gerald Eaton#recover investment losses#securities attorney#stockbroker malpractice#stockbroker negligence
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DFCU Bank Uganda Jobs 2022 – Fresher Digital SalesOfficer
Job Title: Digital Sales Officer – DFCU Bank Uganda Jobs 2022 Organisation: DFCU Bank Duty Station: Kampala, Uganda Reports to: Senior Manager (E-Banking) DFCU Bank Profile: DFCU Bank is a fast growing commercial bank offering a variety of innovative products and services. DFCU Limited was started by the Commonwealth Development Corporation (CDC) of the United Kingdom and the Government of Uganda through the Uganda Development Corporation (UDC) under the name of Development Finance Company of Uganda Limited. Later restructuring brought in DEG (of Germany) and International Finance Corporation (IFC) as equal partners with CDC and UDC, each having a 25% stake in the company. Its objective was to support long-term development projects whose financing needs and risk did not appeal to the then existing financial commercial lending institutions. Job Summary: Reporting to the Senior Manager- E Banking, the role holder will be responsible for commercialising the bank’s digital products, bring to life utilisation and penetration of the E- Banking products and ensure that they are profitable in line with the Bank’s digital transformation agenda. Roles and responsibilities: - Work with analytics/MIS/reporting team to develop reporting and analysis to understand digital product performance and to drive product use across the regions. - Identify and plug Income leakage opportunities in digital channels by proposing areas for efficiency and automation. - Train and guide specific customer segments and staff up to a point where they can comfortably use their respective channels. - Coordinate with call centre team to identify and analyse different customer queries / complaints and coordinate with necessary stakeholders to resolve within agreed TAT. - Liaise with the development team and provide input into the long-term resolution of recurring digital product pains. - Champion adoption of voice, virtual and contactless channels to increase share of voice for digital in different departmental meetings and sessions. - Drive the uptake of digital solutions and products through targeted Leads and customer engagements - Role model and champion digital banking product knowledge across branch staff to encourage ‘Digital First’ discussions and influence behavior/culture change. - Participate and provide on the ground support for channel directed initiatives, campaigns, and activations in key catchments. - Act as a challenger for adoption of data and information by Seller and Relationship Management teams in new and existing to Bank client engagements thereby reducing channel dormancy rates. - Execute go to market digital products by promoting awareness and adoption, engaging scheme RMs in the packaging of MOUs for schemes requiring Digital solutions. Minimum Qualifications: - University Degree from a recognised university. - At least 3 years’ experience in Banking with a minimum of 2 years in support or digital sales. - Qualification or Certification in Digital Finance/digital sales as an added advantage. - Good appreciation of the digital landscape with no bias to technological delivery media. - Good negotiation and influencing skills. - Strong networking and relationship skills - Demonstrate confidence and a good sales acumen. - Excellent interpersonal, verbal and communication skills. - Demonstrate a high degree of accuracy and attention to detail. - A go getter and pro-active. - Demonstrate excellent analytical skills. - High level of integrity and ethical standards. How To Apply for DFCU Bank Uganda Jobs 2022 If you believe you meet the requirements as noted above, please forward your application with a detailed CV including your present position and copies of relevant professional/academic certificates (University Transcript, O & A level), to the email address indicated below; [email protected] dfcu Bank is committed to give equal opportunities in employment and aims to ensure that it does not discriminate against gender or race. Only short-listed candidates will be contacted through +256 312 300391. Disclaimer: dfcu Bank does not solicit/accept payment in cash/kind from prospective candidates in exchange for shortlisting or job placement. Any candidate who engages in this kind of transaction is aiding and abetting fraud and will be automatically disqualified. Closing Date: 29th July 2022 For similar Jobs in Uganda today and great Uganda jobs, please remember to subscribe using the form below: NOTE: No employer should ask you for money in return for advancement in the recruitment process or for being offered a position. Please contact Fresher Jobs Uganda if it ever happens with any of the jobs that we advertise. Read the full article
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Attorney: Elder “Protective Services” is a Racketeering Enterprise Medically Kidnapping Seniors
Images of adults who were medically kidnapped that Health Impact News has covered.
The real perpetrators of elder abuse & exploitation: Medical kidnapping by state public officials
by Lisa Siegel Belanger, Esq. Health Impact News
More than 30 years ago, throughout the United States, state governments created agencies known as “elder protective services.”
As seen by such designated titles, these agencies are made to appear as though state governments are helpful resources for citizens.
However, nothing could be further from the truth.
These so-called protective agencies are, in fact, wolves in sheep's clothing that I can attest to from not only my direct personal experiences, but also from years of research.
Details of my family's ongoing travesty of justice can be found at FreeMarvin.com. (See also: Massachusetts Senior Citizen and Attorney Medically Kidnapped – Estate Plundered – Represents National Epidemic.)
Upon years of my reviewing and obtaining voluminous court documentation throughout the Commonwealth of Massachusetts-particularly, in my professional experience as an attorney, there is no doubt, whatsoever, that public officials have been operating a racketeering enterprise through the probate and family courts, feeding off our most vulnerable citizens, the elderly.
These public officials do so through physical and financial exploitation of the elderly. [1]
In 2015, I filed a federal civil action in the District Court of Massachusetts providing overwhelming and irrefutable documentation that state elder protective agencies is one cog of many in a long-embedded governmental money laundering and embezzlement enterprise.
“Adult/elder protective services” is a money-making industry, which should set off nonstop warning bells to the public-especially, given the revelation of the magnitude of absolute corruption by government officials with hard cold supporting indisputable facts to the credit of our 45th President Donald J. Trump. (Editor's note – See: National Health Care Fraud Takedown Results in Charges Against Over 412 Individuals Responsible for $1.3 Billion in Fraud Losses – Largest Health Care Fraud Enforcement Action in Department of Justice History.)
As laid out in my 2015 federal racketeering complaint, illicit monies are funneled through kickbacks arising from prescribed medications (especially antipsychotics) and fraudulent billings for Medicare & Medicaid services.
The indisputable fact is that these state “protective” agencies have a financial incentive to unlawfully initiate court proceedings in the Probate & Family Courts to have our family members judicially declared wards of the state.
For example, Medicaid services are reimbursable for “all of the activities involved in an APS (Adult protective services) investigations of allegations of abuse.” [2]
The Medicaid program process is called Administrative Claiming. For “non-providers,” funds for APS investigations are provided by Title XIX Medicaid Administration.
UNDER SEC. 2042. [42 U.S.C. 1397m-1], Social Security also provides funds specific to investigating reported elder abuse via the Department of Health & Human Services. In 2011, $3 million dollars from Social Security was funded for “investigative” services, and $4 million each year from 2012-2014.
As evidenced,
medical providers and nonmedical entities receive kickbacks for the mere reporting of elder abuse.
Add to that, medical providers have even more of a financial incentive to facilitate reports of elder abuse where they have a subsequent and additional steady stream of income to be made through providing medical services.
The way to keep that continuous flow of income, people are involuntarily forced into the Probate & Family Courts by state “protective” agencies where they ensue formal court proceedings to declare people “wards of the state” upon which they are then routinely admitted into rehabilitation and/or nursing home facilities against their will.
This is all facilitated by elders being judicially determined to be “incapacitated.”
As shown, the medical community works hand-in-hand with judges and attorneys of the Probate & Family courts to literally abduct our family members by design for pure greed.
These public officials use these court proceedings to do so by claimed “mental health” issues and/or physical illness. Through the Government Accountability Office's (GAO) own published reports, state agencies guised as “protective services” have an established pattern of profiting from dismantling the family unit for more than 30 years nationwide.
Once elders are officially deemed “wards of the state” by Probate & Family Court judges, due to state protective agencies use to hook their claws into our family members, the governmental reign of terror is embedded through these judges appointing guardians and conservators to take absolute control over “the ward.”
At that point, the elder is then stripped of all individual freedoms, including personal decisions involving medical, financial or otherwise.
There is an irrefutable and well-documented pattern of court appointed guardians isolating the ward from family and friends, so as to facilitate involuntary drugging of the ward with antipsychotics and other Big-Pharma medications through subterfuge with the ultimate objective of liquidating the elder's estate and to use the elder as a means to funnel funds via kickbacks and Medicare & Medicaid fraud.
Do NOT Call Elder Abuse “Hotlines”!
Even more alarmingly, for decades, state Attorney General Offices have continuously bombard citizens with “public service announcements” urging citizens to call “hot lines” to report abuse of elders.
Often times these calls to “elder abuse” hot lines are made “anonymously” with obvious underlying ill-motives, while other citizens are conned into thinking that they are going to be provided help to keep their family unit together when the state government has an established blatant and flagrant pattern of doing the exact opposite-they overtly seek to dismantle the family unit.
Showing the true motives of the offices of the Attorney Generals, they disturbingly blast a narrative that the majority of elder exploitation supposedly occurs by family members. For example, see: Commonwealth of Massachusetts – Elder Financial Exploitation and Fraud: Is it a Problem and What Should Credit Unions Do?
Established evidence shows that governmental abduction of family members involves all ages, all socio-economic backgrounds, and all ethnicities.
My family's personal miscarriage of justice is a prime example that no one is beyond the clutches of this long-embedded systemic criminal enterprise.
Overwhelming court documentation shows that due process for accused family members is nonexistent.
In fact, it is business as usual for these public officials to fabricate and manufacture information to abduct our family members.
Don't make the tragic mistake of thinking that state governmental medical kidnapping can't happen to YOUR family.
Some short & fast tips to help avoid state governmental intrusion into your family:
Do not initiate any proceeding in the probate & family court system
Do not use services offered by state protective services
Do not use services offered by local municipal organizations claiming to help the elderly, such as Council of Aging
Do not call Abuse Hotlines
Do not attend “free” publicly offered estate planning seminars
Seemingly, it is human nature for people to want to avoid horrifying topics of conversation like medical kidnapping-not wanting to even conceive of the thought that this could happen to their family.
People tend to bury their heads in the sand, but in reality, such reflex worsens the problem.
A unified and cohesive movement by we, citizens, for accountability, is so needed where the insidiousness in which governmental medical kidnapping is so deep. If not now, when?
Comment on this article at MedicalKidnap.com.
youtube
About the Author
Lisa Siegel Belanger, Esq.
Education: Massachusetts School of Law, J.D.; Emerson College, M.A. in Communications; University of Massachusetts at Amherst, B.B.A. in Finance. bar admissions
Bar Admissions: Supreme Judicial Court of Massachusetts; U.S. District Court, District of Massachusetts; United States Court of Appeals for the First Circuit; United States Supreme Court.
Belanger Law Office
People's Center for Law & Justice
Adult Medical Kidnapping Stories
References
[1] Belanger v. BNY Mellon et al. U.S. District Court of Massachusetts Docket No. 1:15cv10198-ADB http://www.belangerlawoffice.com/free-marvin/federal-civil-action-2015/
[2] National Adult Protective Services Association, APS Administrator Briefing Paper: Alternate Sources of Funding for APS Programs, prepared by Karl urban for the NAPSA Policy Committee (2015)
Medical Kidnapping: A Threat to Every Family in America T-Shirt
100% Pre-shrunk Cotton! Order here!
Medical Kidnapping is REAL!
See: Medical Kidnapping: A Threat to Every Family in America Today
Help spread the awareness of Medical Kidnapping by wearing the Medical Kidnapping t-shirt!
Support the cause of MedicalKidnap.com, which is part of the Health Impact News network.
Order here!
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Kenneth Ancell Subject to Customer Complaints Over Alternative Investments
Current Geneos Wealth Management, Inc. (Geneos Wealth) broker Kenneth Ancell (Ancell) has been subject to two customer complaints. According to a BrokerCheck report many of the complaints concern alternative investments, private placements, and direct participation products (DPPs) such as non-traded real estate investment trusts (REITs). Our firm has experience handling investor losses caused by these products.
In June 2017 customers filed a complaint alleging that in or around 2011, Ancell made unsuitable investment recommendations in REITs and alternative investments causing $744,038 in damages. The claim is currently pending.
Our firm often handles cases involving direct participation products, private placements, Non-Traded REITs, oil and gas offerings, equipement leasing products, and other alternative investments. These products are almost always unsuitable for middle class investors. In addition, the brokers who sell them are paid additional commission in order to hype inferior quality investments providing perverse incentives for brokers to sell high risk and low reward investments.
According to studies, non-traded REITs have historically have underperformed even safe benchmarks, like U.S. treasury bonds – meaning that non-traded REITs provide paltry investment returns considering the risk an investor takes. Alternative investment products like oil and gas partnerships, REITs, and equipment leasing programs are only appropriate for a narrow band of investors under certain conditions due to the high costs, illiquidity, and huge redemption charges of the products, if they can be redeemed at all.
However, due to the high commissions brokers earn on these products they sell them to investors who cannot profit from them. These products have become so popular among brokers without providing any benefit to investors that many states now limit investors from investing more than 10% of their liquid assets in Non-Traded REITs. Many states impose these limitations because its understood that that they provide virtually no benefit to investors in relationship to their risks.
Investors often fail to understand that they have lost money until many years after agreeing to the investment. In sum, for all of their costs and risks, investors in these programs are in no way additionally compensated for the loss of liquidity, risks, or cost
In addition, the number of disclosures with respect to Ancell is high relative to his peers. According to newsources, only about 7.3% of financial advisors have any type of disclosure event on their records among brokers employed from 2005 to 2015. Brokers must publicly disclose reportable events on their CRD customer complaints, IRS tax liens, judgments, investigations, and even criminal matters. However, studies have found that there are fraud hotspots such as certain parts of California, New York or Florida, where the rates of disclosure can reach 18% or higher. Moreover, according to the New York Times, BrokerCheck may be becoming increasing inaccurate and understate broker misconduct as studies have shown that 96.9% of broker requests to clean their records of complaints are granted.
Ancell entered the securities industry in 2002. From January 2009 until September 2011 Ancell was associated with Securities America, Inc. From September 2011 until December 2016, Ancell was associated with Commonwealth Financial Network. Finally, since January 2017 Ancell has been registered with Geneos Wealth out of the firm’s Kensigton, California office location.
At Gana LLP, our attorneys are experienced representing investors who have suffered securities losses due to the mishandling of their accounts. Claims may be brought in securities arbitration before FINRA. Our consultations are free of charge and the firm is only compensated if you recover.
from Securities Fraud https://www.securitieslawyersblog.com/2017/12/05/kenneth-ancell-subject-customer-complaints-alternative-investments/
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Cullen Kempson-Former Commonwealth Financial Network Broker-Discloses Regulatory Event & Discharge From Employment-Sparta, NJ
May 2017- Sparta, NJ According to publicly available records V. Cullen Kempson III (CRD#1280887) , a stockbroker currently registered with American Portfolios Financial Services, Inc discloses a prior regulatory event and a termination from employment. The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires…
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#American Portfolios Financial Services complaint#American Portfolios Financial Services problem#Commonwealth Financial Network complaint#Commonwealth Financial Network problem#Cullen Kempson#Kempson & Tschopp#recover investment losses#stockbroker malpractice#V. Cullen Kempson III
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RIcky R. Moore-Sagepoint Financial Broker-Discloses Regulatory Suspension/Fine-Angleton, TX
May 2017-Angleton, TX The FINRA records of RIcky R. Moore, a stockbroker who is employed by Sagepoint Financial disclose a final regulatory event, 3 prior customer disputes and a termination from employment. The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report…
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#Commonwealth Financial Network complaint#Commonwealth Financial Network problem#lpl financial complaint#Oak Financial Group#recover investment losses#RIcky R. Moore#SagePoint Financial complaint#Sagepoint Financial investigation#SagePoint Financial problem#stockbroker malpractice#texas securities attorney#texas securities fraud lawyer
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SEC May Make U-Turn on BTC ETF Rejections, While India and China Crack Down on Crypto Scammers
Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link.
Top Stories This Week
SEC Rejects—Then Will Review—9 Bitcoin ETF Application
The U.S. Securities and Exchange Commission (SEC) has rejected a total of nine applications to list and trade various Bitcoin (BTC) exchange-traded funds (ETFs) from ProShares, Direxion, and GraniteShares. However, the SEC then noted that it will be reviewing its decision, which was based on the claim that the products did not comply with the requirements by the “Exchange Act Section 6(b)(5), in particular the requirement that a national securities exchange’s rules be designed to prevent fraudulent and manipulative acts and practices.”
Clean Energy Researcher Claims Bitcoin Energy Consumption Isn’t That Bad
A clean energy expert has written an article explaining why she thinks that Bitcoin’s high energy consumption is not as bad as it is often made out to be. In her article, Katrina Kelly, strategy manager at the University of Pittsburgh’s Center for Energy, writes that we need to shift the debate around Bitcoin mining away from energy-intensivity focus instead on where that energy is produced and how it is generated. Kelly notes that although BTC mining consumed 30 terawatt hours in 2017, banking continues to consume an estimated 100 terawatts of power each year.
Chinese Police Arrest Hackers for Allegedly Stealing $87.3 Million in Crypto
Police in China have arrested three “highly experienced” hackers suspected of stealing up to 600 million yuan (around $87.3 million) in crypto. At the end of March, an individual with the surname Zhang filed a complaint with local police in the northwestern city of Xi’an, claiming that his computer had been hacked and BTC, ETH, and other crypto holdings worth up to $14.5 million stolen. The police hypothesize that the suspects had used a remote attack to transfer funds from Zhang’s computer without leaving a trace, in what is reportedly considered to be a “rare case.”
Indian Man Arrested for Allegedly Promoting Bitconnect Investment Scam
Indian police have arrested a man who was allegedly involved in promoting the Bitconnect investment scam. The suspect is reportedly the India head of Bitconnect, the high-yield investment program that stopped operating in January 2018 after coming under scrutiny for appearing to be a fraudulent Ponzi scheme. According to a recently filed Freedom of Information Report (FIR), this is the third case under investigation in India associated with Bitconnect. Local promoters of Bitconnect are alleged to have fled with 1.14 crore (11.4 million) rupees worth of Bitcoin from one investor.
Analysis Shows Bitcoin Cash Use in Commerce Has Decreased
A review of payments received by the world’s 17 largest crypto exchanges has shown that Bitcoin Cash (BCH) use in commerce has gone down, according to data from blockchain analytics firm Chainanalysis. They found that BCH payments dropped to $3.7 million in May from $10.5 million in March, while the volume of Bitcoin (BTC) payments was estimated $60 million in May, down from a high of $412 million in September. Chainalysis also noted that between 10,000 and 100,000 BCH are held by just two wallets.
youtube
Most Memorable Quotations
“It may be a stunt, but a stunt that is working. The question is though – working for whom? President Nicolas Maduro and his cohorts? Or the people of Venezuela? Sadly, it’s more likely to be the former,” — Dickie Armour, CCO at Corre Innovation
“I’m involved with, very soon, my first time being involved in a blockchain company […] Our approach is not like a new currency, or something phony where an event will make it go up in value. It’s a share of stock, in a company,” — Steve Wozniak, Apple co-founder
Laws and Taxes
CFTC Wins Court Order to Permanently Ban Crypto Firm
The U.S. Commodities Futures Trading Commission (CFTC) has won a court order to permanently bar the operator of the New York-based firm CabbageTech Corp. for cryptocurrency-related “bold and vicious fraud.” Earlier this year, Patrick McDonnell, cryptocurrency promoter and operator of CabbageTech Corp., was charged with “fraud and misappropriation in connection with purchases and trading of Bitcoin (BTC) and Litecoin (LTC).” A New York judge has now ruled that McDonnell must pay $290,429 in restitution and $871,287 in penalties.
Four US Cryptocurrency Exchanges Create Self-Regulatory Organization
Gemini, Bitstamp, Bittrex, and bitFlyer USA have created a self-regulatory organization for digital commodities such as cryptocurrencies. The new group, dubbed “Virtual Commodity Association Working Group,” aims to help large-scale investors get more comfortable with the crypto market, work on formulating industry standards, and “be a precursor to the formation of a self-regulatory organization for digital commodities like Bitcoin and Ethereum.”
Adoption
World Bank, Commonwealth Bank of Australia Issue Public Bond On Blockchain
The World Bank and the Commonwealth Bank of Australia (CBA), the country’s largest bank, have issued a public bond exclusively through blockchain technology. According to the CBA, the $100 million ($73.16 million) deal entails two-year bonds that will settle August 28 and have been priced to yield a 2.251 percent return. The World Bank’s official mandate for the project had been first reported on August 10.
Liechtenstein’s Union Bank AG to Issue Security Token, Fiat-Backed Crypto
Union Bank AG of Liechenstein announced this week that it was issuing its own security tokens and in-house cryptocurrency backed by fiat. The bank, which has concentrated increasingly on blockchain this year, said issuing its so-called “Union Bank Payment Coin (UBPC)” was a further step towards becoming a “full-service blockchain investment bank.” The bank noted that the UBPC will act as a stable coin and will have fiat currencies like the Swiss franc to back it.
U.S. Customs and Border Protectio Agency to Test Blockchain Shipment System
The U.S. Customs and Border Protection (CBP) agency will launch a live test of a blockchain-based shipment tracking system, combining the CPB’s legacy application and a blockchain-powered platform developed by the agency’s parent body — and the country’s primary border control organization — the Department of Homeland Security (DHS). While testing, the agency intends to establish standards of interaction between different blockchains in order to ensure that all firms and software will be easily connected to customs without the need for additional customization, as well as see how blockchain can enhance the verification of certificates of origin.
Mergers, Acquisitions, and Partnerships
Pornhub and Startup PumaPay Partner for Crypto Payments
Adult entertainment streaming website Pornhub has partnered with crypto payment and billing startup PumaPay in order to allow its users to pay in cryptocurrencies. Pornhub is now accepting PumaPay, with its “unique” pull payment protocol that will allow users automatically pay for their subscriptions, including PornHub Premium.
Singapore Central Bank Partners With Deloitte, Nasdaq for Digital Asset Settlement
The de facto central bank of Singapore has signed a deal with multiple big name entities including the Singapore Exchange (SGX), Anquan, Deloitte and Nasdaq to ease digital asset settlements. Together, the parties will create “Delivery versus Payment (DvP)… capabilities for settlement of tokenized assets across different blockchain platforms,” with the latter three acting as technical partners.
Shanghai Stock Exchange Partners With Insurance Association for Blockchain
The Shanghai Stock Exchange (SSE) and Insurance Asset Management Association of China (IAMAC) have agreed to cooperate on improving the insurance and pension industries with the use of blockchain tech. The SSE, the world’s fourth largest stock exchange, was joined by several major insurance industry players, including the IAMAC, Changjiang Pension Insurance Company, Tokyo Maritime Sunshine, and others in order to create a “new, high-efficiency, low-cost and safer insurance industry” through the use of blockchain technology.
Chinese Electric Bus Operating Giant Partners With Tech Firm for Blockchain
U.S. technology firm Seven Stars Cloud Group (SSC) has partnered with with China’s largest electric bus operator, the National Transportation Capacity Co Ltd (NTS), to provide finance services using blockchain technology. The partnership will run for three years and was worth $24 billion. According to the press release, the SCC will provide “fixed income lease financing-based products” through its regulated network, which will in turn provide NTS with regulatory-compliant blockchain finance products.
Seven Premier Soccer Clubs Sign BTC Advertising Deal With eToro
UK-based trading platform eToro has signed an advertising deal with seven Premier League football clubs paid in Bitcoin for the first time, according to various sources. The UK soccer clubs involved are reportedly Tottenham Hotspur, Brighton & Hove Albion, Crystal Palace, Cardiff City, Leicester City Football Club, Newcastle United and Southampton. Blockchain and cryptocurrency integration in football stadiums and the industry will also form a focus for the partnerships, eToro so far not giving details as to the nature of the “exploration.”
Funding Rounds
Japan’s SBI Holdings Invests in Trouble Crypto Exchange LastRoots
Japanese financial services giant SBI Holdings announced this week that it had made a second investment, amount undisclosed, in troubled cryptocurrency exchange LastRoots. SBI had originally invested in LastRoots, which is one of the exchanges singled out by regulators for improvement following Coincheck’s $530 million hack in January this year, in December 2017. This investment aims to help LastRoots make the changes needed to adhere to regulation guidelines, as SBI will send in its own executives to bring practices up to scratch and bring the platform in line with regulation.
Atlas Protocol Concludes Several Million Dollar Investment Round Led by SoftBank
Blockchain marketing platform Atlas Protocol (ATP) has concluded a seed investment round of several million dollars led by SoftBank China Venture Capital, with participation by Baidu Ventures, Danhua Capital, and Fenbushi Digital. Atlas Protocol was formed by Nebulas Labs and the xGoogler Blockchain Alliance (xGBA), with co-founder of Jide Technology and the “first engineer” of Google Adwords Jeremy Zhao, as well as professor Ronghui Gu of Columbia University, all acting as technical advisors for Atlas Protocol.
Winners and Losers
The crypto markets are slightly up this week after some recent lows, with Bitcoin trading around $6,706 and Ethereum at $275. Total market cap is around $215 billion.
The top three altcoin gainers of the week are Protean, 808Coin, and Ccore. The top three altcoin losers of the week are Thore Cash, Ferron, Haracoin.
For more info on crypto prices, make sure to read Cointelegraph’s market analysis.
FUD of the Week
Fraudulent Ethereum Application Appears and Disappears From Google Play Store
An Ethereum scam application appeared on Android’s Google Play Store this week, offering a fraudulent “Ethereum” application – which seemed to just be a picture of the Ethereum logo – for around $388. The app, which has since been removed, showed that it had over 100 downloads.
U.S. Federal Trade Commission Warns Men About BTC Ransom Scam
The U.S. Federal Trade Commission has published a warning to “men” about a type of Bitcoin blackmail scam that involves threatening the victims with exposure of an alleged affair unless a BTC ransom is paid. Among the “classic signs” of blackmailing, the FTC lists “threats, intimidation and high-pressure tactics” and advises consumers to “report it immediately to your local police, and the FBI.”
North Korean Hackers Reportedly Hack Crypto Exchange With MacOS Malware
North Korean hackers have infected an unnamed crypto exchange with malware for both Windows and macOS for, reportedly, the first time, according to a report by Kaspersky Lab. The malware, dubbed “AppleJeus,” entered the exchange’s systems after an employee downloaded a “tainted” app believed to be from a fake developer with fake security certificates in a major operation by North Korean hacker collective Lazarus Group.
Alleged Crypto Cell Phone Hacker Arrested in California
A hacker who allegedly stole Bitcoin totalling more than $1 million by hijacking cellphones has been arrested by police in California. The alleged hacker used “SIM swapping,” a technique also known as a “port out scam,” to reportedly steal cryptocurrency from victims’ devices. Over a period of several years, the recently arrested alleged hacker and another suspect already under arrest used the funds to buy items such as luxury sports cars.
Best Features
After the Bitcoin Boom: Hard Lessons for Cryptocurrency Investors
The New York Times takes a look at crypto traders from America to South Korea that lost large amount of their savings in the recent crypto market slump, delving into whether they think the risk of investing was worth it.
How Bitcoin’s Crash Compares to History’s Biggest Bubbles
Bloomberg provides an analysis of all of history’s “biggest bubbles,” juxtaposing Bitcoin’s recent fall over crashes like the much-talked-about tulip crash and the dot com bubble.
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SEC May Make U-Turn on BTC ETF Rejections, While India and China Crack Down on Crypto Scammers
Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link.
Top Stories This Week
SEC Rejects—Then Will Review—9 Bitcoin ETF Application
The U.S. Securities and Exchange Commission (SEC) has rejected a total of nine applications to list and trade various Bitcoin (BTC) exchange-traded funds (ETFs) from ProShares, Direxion, and GraniteShares. However, the SEC then noted that it will be reviewing its decision, which was based on the claim that the products did not comply with the requirements by the “Exchange Act Section 6(b)(5), in particular the requirement that a national securities exchange’s rules be designed to prevent fraudulent and manipulative acts and practices.”
Clean Energy Researcher Claims Bitcoin Energy Consumption Isn’t That Bad
A clean energy expert has written an article explaining why she thinks that Bitcoin’s high energy consumption is not as bad as it is often made out to be. In her article, Katrina Kelly, strategy manager at the University of Pittsburgh’s Center for Energy, writes that we need to shift the debate around Bitcoin mining away from energy-intensivity focus instead on where that energy is produced and how it is generated. Kelly notes that although BTC mining consumed 30 terawatt hours in 2017, banking continues to consume an estimated 100 terawatts of power each year.
Chinese Police Arrest Hackers for Allegedly Stealing $87.3 Million in Crypto
Police in China have arrested three “highly experienced” hackers suspected of stealing up to 600 million yuan (around $87.3 million) in crypto. At the end of March, an individual with the surname Zhang filed a complaint with local police in the northwestern city of Xi’an, claiming that his computer had been hacked and BTC, ETH, and other crypto holdings worth up to $14.5 million stolen. The police hypothesize that the suspects had used a remote attack to transfer funds from Zhang’s computer without leaving a trace, in what is reportedly considered to be a “rare case.”
Indian Man Arrested for Allegedly Promoting Bitconnect Investment Scam
Indian police have arrested a man who was allegedly involved in promoting the Bitconnect investment scam. The suspect is reportedly the India head of Bitconnect, the high-yield investment program that stopped operating in January 2018 after coming under scrutiny for appearing to be a fraudulent Ponzi scheme. According to a recently filed Freedom of Information Report (FIR), this is the third case under investigation in India associated with Bitconnect. Local promoters of Bitconnect are alleged to have fled with 1.14 crore (11.4 million) rupees worth of Bitcoin from one investor.
Analysis Shows Bitcoin Cash Use in Commerce Has Decreased
A review of payments received by the world’s 17 largest crypto exchanges has shown that Bitcoin Cash (BCH) use in commerce has gone down, according to data from blockchain analytics firm Chainanalysis. They found that BCH payments dropped to $3.7 million in May from $10.5 million in March, while the volume of Bitcoin (BTC) payments was estimated $60 million in May, down from a high of $412 million in September. Chainalysis also noted that between 10,000 and 100,000 BCH are held by just two wallets.
youtube
Most Memorable Quotations
“It may be a stunt, but a stunt that is working. The question is though – working for whom? President Nicolas Maduro and his cohorts? Or the people of Venezuela? Sadly, it’s more likely to be the former,” — Dickie Armour, CCO at Corre Innovation
“I’m involved with, very soon, my first time being involved in a blockchain company […] Our approach is not like a new currency, or something phony where an event will make it go up in value. It’s a share of stock, in a company,” — Steve Wozniak, Apple co-founder
Laws and Taxes
CFTC Wins Court Order to Permanently Ban Crypto Firm
The U.S. Commodities Futures Trading Commission (CFTC) has won a court order to permanently bar the operator of the New York-based firm CabbageTech Corp. for cryptocurrency-related “bold and vicious fraud.” Earlier this year, Patrick McDonnell, cryptocurrency promoter and operator of CabbageTech Corp., was charged with “fraud and misappropriation in connection with purchases and trading of Bitcoin (BTC) and Litecoin (LTC).” A New York judge has now ruled that McDonnell must pay $290,429 in restitution and $871,287 in penalties.
Four US Cryptocurrency Exchanges Create Self-Regulatory Organization
Gemini, Bitstamp, Bittrex, and bitFlyer USA have created a self-regulatory organization for digital commodities such as cryptocurrencies. The new group, dubbed “Virtual Commodity Association Working Group,” aims to help large-scale investors get more comfortable with the crypto market, work on formulating industry standards, and “be a precursor to the formation of a self-regulatory organization for digital commodities like Bitcoin and Ethereum.”
Adoption
World Bank, Commonwealth Bank of Australia Issue Public Bond On Blockchain
The World Bank and the Commonwealth Bank of Australia (CBA), the country’s largest bank, have issued a public bond exclusively through blockchain technology. According to the CBA, the $100 million ($73.16 million) deal entails two-year bonds that will settle August 28 and have been priced to yield a 2.251 percent return. The World Bank’s official mandate for the project had been first reported on August 10.
Liechtenstein’s Union Bank AG to Issue Security Token, Fiat-Backed Crypto
Union Bank AG of Liechenstein announced this week that it was issuing its own security tokens and in-house cryptocurrency backed by fiat. The bank, which has concentrated increasingly on blockchain this year, said issuing its so-called “Union Bank Payment Coin (UBPC)” was a further step towards becoming a “full-service blockchain investment bank.” The bank noted that the UBPC will act as a stable coin and will have fiat currencies like the Swiss franc to back it.
U.S. Customs and Border Protectio Agency to Test Blockchain Shipment System
The U.S. Customs and Border Protection (CBP) agency will launch a live test of a blockchain-based shipment tracking system, combining the CPB’s legacy application and a blockchain-powered platform developed by the agency’s parent body — and the country’s primary border control organization — the Department of Homeland Security (DHS). While testing, the agency intends to establish standards of interaction between different blockchains in order to ensure that all firms and software will be easily connected to customs without the need for additional customization, as well as see how blockchain can enhance the verification of certificates of origin.
Mergers, Acquisitions, and Partnerships
Pornhub and Startup PumaPay Partner for Crypto Payments
Adult entertainment streaming website Pornhub has partnered with crypto payment and billing startup PumaPay in order to allow its users to pay in cryptocurrencies. Pornhub is now accepting PumaPay, with its “unique” pull payment protocol that will allow users automatically pay for their subscriptions, including PornHub Premium.
Singapore Central Bank Partners With Deloitte, Nasdaq for Digital Asset Settlement
The de facto central bank of Singapore has signed a deal with multiple big name entities including the Singapore Exchange (SGX), Anquan, Deloitte and Nasdaq to ease digital asset settlements. Together, the parties will create “Delivery versus Payment (DvP)… capabilities for settlement of tokenized assets across different blockchain platforms,” with the latter three acting as technical partners.
Shanghai Stock Exchange Partners With Insurance Association for Blockchain
The Shanghai Stock Exchange (SSE) and Insurance Asset Management Association of China (IAMAC) have agreed to cooperate on improving the insurance and pension industries with the use of blockchain tech. The SSE, the world’s fourth largest stock exchange, was joined by several major insurance industry players, including the IAMAC, Changjiang Pension Insurance Company, Tokyo Maritime Sunshine, and others in order to create a “new, high-efficiency, low-cost and safer insurance industry” through the use of blockchain technology.
Chinese Electric Bus Operating Giant Partners With Tech Firm for Blockchain
U.S. technology firm Seven Stars Cloud Group (SSC) has partnered with with China’s largest electric bus operator, the National Transportation Capacity Co Ltd (NTS), to provide finance services using blockchain technology. The partnership will run for three years and was worth $24 billion. According to the press release, the SCC will provide “fixed income lease financing-based products” through its regulated network, which will in turn provide NTS with regulatory-compliant blockchain finance products.
Seven Premier Soccer Clubs Sign BTC Advertising Deal With eToro
UK-based trading platform eToro has signed an advertising deal with seven Premier League football clubs paid in Bitcoin for the first time, according to various sources. The UK soccer clubs involved are reportedly Tottenham Hotspur, Brighton & Hove Albion, Crystal Palace, Cardiff City, Leicester City Football Club, Newcastle United and Southampton. Blockchain and cryptocurrency integration in football stadiums and the industry will also form a focus for the partnerships, eToro so far not giving details as to the nature of the “exploration.”
Funding Rounds
Japan’s SBI Holdings Invests in Trouble Crypto Exchange LastRoots
Japanese financial services giant SBI Holdings announced this week that it had made a second investment, amount undisclosed, in troubled cryptocurrency exchange LastRoots. SBI had originally invested in LastRoots, which is one of the exchanges singled out by regulators for improvement following Coincheck’s $530 million hack in January this year, in December 2017. This investment aims to help LastRoots make the changes needed to adhere to regulation guidelines, as SBI will send in its own executives to bring practices up to scratch and bring the platform in line with regulation.
Atlas Protocol Concludes Several Million Dollar Investment Round Led by SoftBank
Blockchain marketing platform Atlas Protocol (ATP) has concluded a seed investment round of several million dollars led by SoftBank China Venture Capital, with participation by Baidu Ventures, Danhua Capital, and Fenbushi Digital. Atlas Protocol was formed by Nebulas Labs and the xGoogler Blockchain Alliance (xGBA), with co-founder of Jide Technology and the “first engineer” of Google Adwords Jeremy Zhao, as well as professor Ronghui Gu of Columbia University, all acting as technical advisors for Atlas Protocol.
Winners and Losers
The crypto markets are slightly up this week after some recent lows, with Bitcoin trading around $6,706 and Ethereum at $275. Total market cap is around $215 billion.
The top three altcoin gainers of the week are Protean, 808Coin, and Ccore. The top three altcoin losers of the week are Thore Cash, Ferron, Haracoin.
For more info on crypto prices, make sure to read Cointelegraph’s market analysis.
FUD of the Week
Fraudulent Ethereum Application Appears and Disappears From Google Play Store
An Ethereum scam application appeared on Android’s Google Play Store this week, offering a fraudulent “Ethereum” application – which seemed to just be a picture of the Ethereum logo – for around $388. The app, which has since been removed, showed that it had over 100 downloads.
U.S. Federal Trade Commission Warns Men About BTC Ransom Scam
The U.S. Federal Trade Commission has published a warning to “men” about a type of Bitcoin blackmail scam that involves threatening the victims with exposure of an alleged affair unless a BTC ransom is paid. Among the “classic signs” of blackmailing, the FTC lists “threats, intimidation and high-pressure tactics” and advises consumers to “report it immediately to your local police, and the FBI.”
North Korean Hackers Reportedly Hack Crypto Exchange With MacOS Malware
North Korean hackers have infected an unnamed crypto exchange with malware for both Windows and macOS for, reportedly, the first time, according to a report by Kaspersky Lab. The malware, dubbed “AppleJeus,” entered the exchange’s systems after an employee downloaded a “tainted” app believed to be from a fake developer with fake security certificates in a major operation by North Korean hacker collective Lazarus Group.
Alleged Crypto Cell Phone Hacker Arrested in California
A hacker who allegedly stole Bitcoin totalling more than $1 million by hijacking cellphones has been arrested by police in California. The alleged hacker used “SIM swapping,” a technique also known as a “port out scam,” to reportedly steal cryptocurrency from victims’ devices. Over a period of several years, the recently arrested alleged hacker and another suspect already under arrest used the funds to buy items such as luxury sports cars.
Best Features
After the Bitcoin Boom: Hard Lessons for Cryptocurrency Investors
The New York Times takes a look at crypto traders from America to South Korea that lost large amount of their savings in the recent crypto market slump, delving into whether they think the risk of investing was worth it.
How Bitcoin’s Crash Compares to History’s Biggest Bubbles
Bloomberg provides an analysis of all of history’s “biggest bubbles,” juxtaposing Bitcoin’s recent fall over crashes like the much-talked-about tulip crash and the dot com bubble.
window.fbAsyncInit = function() { FB.init({ appId : '1922752334671725', xfbml : true, version : 'v2.9' }); FB.AppEvents.logPageView(); }; (function(d, s, id){ var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) {return;} js = d.createElement(s); js.id = id; js.src = "http://connect.facebook.net/en_US/sdk.js"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk')); !function(f,b,e,v,n,t,s) {if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)}(window,document,'script', 'https://connect.facebook.net/en_US/fbevents.js'); fbq('init', '1922752334671725'); fbq('track', 'PageView'); This news post is collected from Cointelegraph
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SEC May Make U-Turn on BTC ETF Rejections, While India and China Crack Down on Crypto Scammers
Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link.
Top Stories This Week
SEC Rejects—Then Will Review—9 Bitcoin ETF Application
The U.S. Securities and Exchange Commission (SEC) has rejected a total of nine applications to list and trade various Bitcoin (BTC) exchange-traded funds (ETFs) from ProShares, Direxion, and GraniteShares. However, the SEC then noted that it will be reviewing its decision, which was based on the claim that the products did not comply with the requirements by the “Exchange Act Section 6(b)(5), in particular the requirement that a national securities exchange’s rules be designed to prevent fraudulent and manipulative acts and practices.”
Clean Energy Researcher Claims Bitcoin Energy Consumption Isn’t That Bad
A clean energy expert has written an article explaining why she thinks that Bitcoin’s high energy consumption is not as bad as it is often made out to be. In her article, Katrina Kelly, strategy manager at the University of Pittsburgh’s Center for Energy, writes that we need to shift the debate around Bitcoin mining away from energy-intensivity focus instead on where that energy is produced and how it is generated. Kelly notes that although BTC mining consumed 30 terawatt hours in 2017, banking continues to consume an estimated 100 terawatts of power each year.
Chinese Police Arrest Hackers for Allegedly Stealing $87.3 Million in Crypto
Police in China have arrested three “highly experienced” hackers suspected of stealing up to 600 million yuan (around $87.3 million) in crypto. At the end of March, an individual with the surname Zhang filed a complaint with local police in the northwestern city of Xi’an, claiming that his computer had been hacked and BTC, ETH, and other crypto holdings worth up to $14.5 million stolen. The police hypothesize that the suspects had used a remote attack to transfer funds from Zhang’s computer without leaving a trace, in what is reportedly considered to be a “rare case.”
Indian Man Arrested for Allegedly Promoting Bitconnect Investment Scam
Indian police have arrested a man who was allegedly involved in promoting the Bitconnect investment scam. The suspect is reportedly the India head of Bitconnect, the high-yield investment program that stopped operating in January 2018 after coming under scrutiny for appearing to be a fraudulent Ponzi scheme. According to a recently filed Freedom of Information Report (FIR), this is the third case under investigation in India associated with Bitconnect. Local promoters of Bitconnect are alleged to have fled with 1.14 crore (11.4 million) rupees worth of Bitcoin from one investor.
Analysis Shows Bitcoin Cash Use in Commerce Has Decreased
A review of payments received by the world’s 17 largest crypto exchanges has shown that Bitcoin Cash (BCH) use in commerce has gone down, according to data from blockchain analytics firm Chainanalysis. They found that BCH payments dropped to $3.7 million in May from $10.5 million in March, while the volume of Bitcoin (BTC) payments was estimated $60 million in May, down from a high of $412 million in September. Chainalysis also noted that between 10,000 and 100,000 BCH are held by just two wallets.
youtube
Most Memorable Quotations
“It may be a stunt, but a stunt that is working. The question is though – working for whom? President Nicolas Maduro and his cohorts? Or the people of Venezuela? Sadly, it’s more likely to be the former,” — Dickie Armour, CCO at Corre Innovation
“I’m involved with, very soon, my first time being involved in a blockchain company […] Our approach is not like a new currency, or something phony where an event will make it go up in value. It’s a share of stock, in a company,” — Steve Wozniak, Apple co-founder
Laws and Taxes
CFTC Wins Court Order to Permanently Ban Crypto Firm
The U.S. Commodities Futures Trading Commission (CFTC) has won a court order to permanently bar the operator of the New York-based firm CabbageTech Corp. for cryptocurrency-related “bold and vicious fraud.” Earlier this year, Patrick McDonnell, cryptocurrency promoter and operator of CabbageTech Corp., was charged with “fraud and misappropriation in connection with purchases and trading of Bitcoin (BTC) and Litecoin (LTC).” A New York judge has now ruled that McDonnell must pay $290,429 in restitution and $871,287 in penalties.
Four US Cryptocurrency Exchanges Create Self-Regulatory Organization
Gemini, Bitstamp, Bittrex, and bitFlyer USA have created a self-regulatory organization for digital commodities such as cryptocurrencies. The new group, dubbed “Virtual Commodity Association Working Group,” aims to help large-scale investors get more comfortable with the crypto market, work on formulating industry standards, and “be a precursor to the formation of a self-regulatory organization for digital commodities like Bitcoin and Ethereum.”
Adoption
World Bank, Commonwealth Bank of Australia Issue Public Bond On Blockchain
The World Bank and the Commonwealth Bank of Australia (CBA), the country’s largest bank, have issued a public bond exclusively through blockchain technology. According to the CBA, the $100 million ($73.16 million) deal entails two-year bonds that will settle August 28 and have been priced to yield a 2.251 percent return. The World Bank’s official mandate for the project had been first reported on August 10.
Liechtenstein’s Union Bank AG to Issue Security Token, Fiat-Backed Crypto
Union Bank AG of Liechenstein announced this week that it was issuing its own security tokens and in-house cryptocurrency backed by fiat. The bank, which has concentrated increasingly on blockchain this year, said issuing its so-called “Union Bank Payment Coin (UBPC)” was a further step towards becoming a “full-service blockchain investment bank.” The bank noted that the UBPC will act as a stable coin and will have fiat currencies like the Swiss franc to back it.
U.S. Customs and Border Protectio Agency to Test Blockchain Shipment System
The U.S. Customs and Border Protection (CBP) agency will launch a live test of a blockchain-based shipment tracking system, combining the CPB’s legacy application and a blockchain-powered platform developed by the agency’s parent body — and the country’s primary border control organization — the Department of Homeland Security (DHS). While testing, the agency intends to establish standards of interaction between different blockchains in order to ensure that all firms and software will be easily connected to customs without the need for additional customization, as well as see how blockchain can enhance the verification of certificates of origin.
Mergers, Acquisitions, and Partnerships
Pornhub and Startup PumaPay Partner for Crypto Payments
Adult entertainment streaming website Pornhub has partnered with crypto payment and billing startup PumaPay in order to allow its users to pay in cryptocurrencies. Pornhub is now accepting PumaPay, with its “unique” pull payment protocol that will allow users automatically pay for their subscriptions, including PornHub Premium.
Singapore Central Bank Partners With Deloitte, Nasdaq for Digital Asset Settlement
The de facto central bank of Singapore has signed a deal with multiple big name entities including the Singapore Exchange (SGX), Anquan, Deloitte and Nasdaq to ease digital asset settlements. Together, the parties will create “Delivery versus Payment (DvP)… capabilities for settlement of tokenized assets across different blockchain platforms,” with the latter three acting as technical partners.
Shanghai Stock Exchange Partners With Insurance Association for Blockchain
The Shanghai Stock Exchange (SSE) and Insurance Asset Management Association of China (IAMAC) have agreed to cooperate on improving the insurance and pension industries with the use of blockchain tech. The SSE, the world’s fourth largest stock exchange, was joined by several major insurance industry players, including the IAMAC, Changjiang Pension Insurance Company, Tokyo Maritime Sunshine, and others in order to create a “new, high-efficiency, low-cost and safer insurance industry” through the use of blockchain technology.
Chinese Electric Bus Operating Giant Partners With Tech Firm for Blockchain
U.S. technology firm Seven Stars Cloud Group (SSC) has partnered with with China’s largest electric bus operator, the National Transportation Capacity Co Ltd (NTS), to provide finance services using blockchain technology. The partnership will run for three years and was worth $24 billion. According to the press release, the SCC will provide “fixed income lease financing-based products” through its regulated network, which will in turn provide NTS with regulatory-compliant blockchain finance products.
Seven Premier Soccer Clubs Sign BTC Advertising Deal With eToro
UK-based trading platform eToro has signed an advertising deal with seven Premier League football clubs paid in Bitcoin for the first time, according to various sources. The UK soccer clubs involved are reportedly Tottenham Hotspur, Brighton & Hove Albion, Crystal Palace, Cardiff City, Leicester City Football Club, Newcastle United and Southampton. Blockchain and cryptocurrency integration in football stadiums and the industry will also form a focus for the partnerships, eToro so far not giving details as to the nature of the “exploration.”
Funding Rounds
Japan’s SBI Holdings Invests in Trouble Crypto Exchange LastRoots
Japanese financial services giant SBI Holdings announced this week that it had made a second investment, amount undisclosed, in troubled cryptocurrency exchange LastRoots. SBI had originally invested in LastRoots, which is one of the exchanges singled out by regulators for improvement following Coincheck’s $530 million hack in January this year, in December 2017. This investment aims to help LastRoots make the changes needed to adhere to regulation guidelines, as SBI will send in its own executives to bring practices up to scratch and bring the platform in line with regulation.
Atlas Protocol Concludes Several Million Dollar Investment Round Led by SoftBank
Blockchain marketing platform Atlas Protocol (ATP) has concluded a seed investment round of several million dollars led by SoftBank China Venture Capital, with participation by Baidu Ventures, Danhua Capital, and Fenbushi Digital. Atlas Protocol was formed by Nebulas Labs and the xGoogler Blockchain Alliance (xGBA), with co-founder of Jide Technology and the “first engineer” of Google Adwords Jeremy Zhao, as well as professor Ronghui Gu of Columbia University, all acting as technical advisors for Atlas Protocol.
Winners and Losers
The crypto markets are slightly up this week after some recent lows, with Bitcoin trading around $6,706 and Ethereum at $275. Total market cap is around $215 billion.
The top three altcoin gainers of the week are Protean, 808Coin, and Ccore. The top three altcoin losers of the week are Thore Cash, Ferron, Haracoin.
For more info on crypto prices, make sure to read Cointelegraph’s market analysis.
FUD of the Week
Fraudulent Ethereum Application Appears and Disappears From Google Play Store
An Ethereum scam application appeared on Android’s Google Play Store this week, offering a fraudulent “Ethereum” application – which seemed to just be a picture of the Ethereum logo – for around $388. The app, which has since been removed, showed that it had over 100 downloads.
U.S. Federal Trade Commission Warns Men About BTC Ransom Scam
The U.S. Federal Trade Commission has published a warning to “men” about a type of Bitcoin blackmail scam that involves threatening the victims with exposure of an alleged affair unless a BTC ransom is paid. Among the “classic signs” of blackmailing, the FTC lists “threats, intimidation and high-pressure tactics” and advises consumers to “report it immediately to your local police, and the FBI.”
North Korean Hackers Reportedly Hack Crypto Exchange With MacOS Malware
North Korean hackers have infected an unnamed crypto exchange with malware for both Windows and macOS for, reportedly, the first time, according to a report by Kaspersky Lab. The malware, dubbed “AppleJeus,” entered the exchange’s systems after an employee downloaded a “tainted” app believed to be from a fake developer with fake security certificates in a major operation by North Korean hacker collective Lazarus Group.
Alleged Crypto Cell Phone Hacker Arrested in California
A hacker who allegedly stole Bitcoin totalling more than $1 million by hijacking cellphones has been arrested by police in California. The alleged hacker used “SIM swapping,” a technique also known as a “port out scam,” to reportedly steal cryptocurrency from victims’ devices. Over a period of several years, the recently arrested alleged hacker and another suspect already under arrest used the funds to buy items such as luxury sports cars.
Best Features
After the Bitcoin Boom: Hard Lessons for Cryptocurrency Investors
The New York Times takes a look at crypto traders from America to South Korea that lost large amount of their savings in the recent crypto market slump, delving into whether they think the risk of investing was worth it.
How Bitcoin’s Crash Compares to History’s Biggest Bubbles
Bloomberg provides an analysis of all of history’s “biggest bubbles,” juxtaposing Bitcoin’s recent fall over crashes like the much-talked-about tulip crash and the dot com bubble.
window.fbAsyncInit = function() { FB.init({ appId : '1922752334671725', xfbml : true, version : 'v2.9' }); FB.AppEvents.logPageView(); }; (function(d, s, id){ var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) {return;} js = d.createElement(s); js.id = id; js.src = "http://connect.facebook.net/en_US/sdk.js"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk')); !function(f,b,e,v,n,t,s) {if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)}(window,document,'script', 'https://connect.facebook.net/en_US/fbevents.js'); fbq('init', '1922752334671725'); fbq('track', 'PageView'); This news post is collected from Cointelegraph
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User rating:
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The post SEC May Make U-Turn on BTC ETF Rejections, While India and China Crack Down on Crypto Scammers appeared first on Review: Legit or Scam?.
Read more from → https://legit-scam.review/sec-may-make-u-turn-on-btc-etf-rejections-while-india-and-china-crack-down-on-crypto-scammers-3
0 notes
Text
SEC May Make U-Turn on BTC ETF Rejections, While India and China Crack Down on Crypto Scammers
Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link.
Top Stories This Week
SEC Rejects—Then Will Review—9 Bitcoin ETF Application
The U.S. Securities and Exchange Commission (SEC) has rejected a total of nine applications to list and trade various Bitcoin (BTC) exchange-traded funds (ETFs) from ProShares, Direxion, and GraniteShares. However, the SEC then noted that it will be reviewing its decision, which was based on the claim that the products did not comply with the requirements by the “Exchange Act Section 6(b)(5), in particular the requirement that a national securities exchange’s rules be designed to prevent fraudulent and manipulative acts and practices.”
Clean Energy Researcher Claims Bitcoin Energy Consumption Isn’t That Bad
A clean energy expert has written an article explaining why she thinks that Bitcoin’s high energy consumption is not as bad as it is often made out to be. In her article, Katrina Kelly, strategy manager at the University of Pittsburgh’s Center for Energy, writes that we need to shift the debate around Bitcoin mining away from energy-intensivity focus instead on where that energy is produced and how it is generated. Kelly notes that although BTC mining consumed 30 terawatt hours in 2017, banking continues to consume an estimated 100 terawatts of power each year.
Chinese Police Arrest Hackers for Allegedly Stealing $87.3 Million in Crypto
Police in China have arrested three “highly experienced” hackers suspected of stealing up to 600 million yuan (around $87.3 million) in crypto. At the end of March, an individual with the surname Zhang filed a complaint with local police in the northwestern city of Xi’an, claiming that his computer had been hacked and BTC, ETH, and other crypto holdings worth up to $14.5 million stolen. The police hypothesize that the suspects had used a remote attack to transfer funds from Zhang’s computer without leaving a trace, in what is reportedly considered to be a “rare case.”
Indian Man Arrested for Allegedly Promoting Bitconnect Investment Scam
Indian police have arrested a man who was allegedly involved in promoting the Bitconnect investment scam. The suspect is reportedly the India head of Bitconnect, the high-yield investment program that stopped operating in January 2018 after coming under scrutiny for appearing to be a fraudulent Ponzi scheme. According to a recently filed Freedom of Information Report (FIR), this is the third case under investigation in India associated with Bitconnect. Local promoters of Bitconnect are alleged to have fled with 1.14 crore (11.4 million) rupees worth of Bitcoin from one investor.
Analysis Shows Bitcoin Cash Use in Commerce Has Decreased
A review of payments received by the world’s 17 largest crypto exchanges has shown that Bitcoin Cash (BCH) use in commerce has gone down, according to data from blockchain analytics firm Chainanalysis. They found that BCH payments dropped to $3.7 million in May from $10.5 million in March, while the volume of Bitcoin (BTC) payments was estimated $60 million in May, down from a high of $412 million in September. Chainalysis also noted that between 10,000 and 100,000 BCH are held by just two wallets.
youtube
Most Memorable Quotations
“It may be a stunt, but a stunt that is working. The question is though – working for whom? President Nicolas Maduro and his cohorts? Or the people of Venezuela? Sadly, it’s more likely to be the former,” — Dickie Armour, CCO at Corre Innovation
“I’m involved with, very soon, my first time being involved in a blockchain company […] Our approach is not like a new currency, or something phony where an event will make it go up in value. It’s a share of stock, in a company,” — Steve Wozniak, Apple co-founder
Laws and Taxes
CFTC Wins Court Order to Permanently Ban Crypto Firm
The U.S. Commodities Futures Trading Commission (CFTC) has won a court order to permanently bar the operator of the New York-based firm CabbageTech Corp. for cryptocurrency-related “bold and vicious fraud.” Earlier this year, Patrick McDonnell, cryptocurrency promoter and operator of CabbageTech Corp., was charged with “fraud and misappropriation in connection with purchases and trading of Bitcoin (BTC) and Litecoin (LTC).” A New York judge has now ruled that McDonnell must pay $290,429 in restitution and $871,287 in penalties.
Four US Cryptocurrency Exchanges Create Self-Regulatory Organization
Gemini, Bitstamp, Bittrex, and bitFlyer USA have created a self-regulatory organization for digital commodities such as cryptocurrencies. The new group, dubbed “Virtual Commodity Association Working Group,” aims to help large-scale investors get more comfortable with the crypto market, work on formulating industry standards, and “be a precursor to the formation of a self-regulatory organization for digital commodities like Bitcoin and Ethereum.”
Adoption
World Bank, Commonwealth Bank of Australia Issue Public Bond On Blockchain
The World Bank and the Commonwealth Bank of Australia (CBA), the country’s largest bank, have issued a public bond exclusively through blockchain technology. According to the CBA, the $100 million ($73.16 million) deal entails two-year bonds that will settle August 28 and have been priced to yield a 2.251 percent return. The World Bank’s official mandate for the project had been first reported on August 10.
Liechtenstein’s Union Bank AG to Issue Security Token, Fiat-Backed Crypto
Union Bank AG of Liechenstein announced this week that it was issuing its own security tokens and in-house cryptocurrency backed by fiat. The bank, which has concentrated increasingly on blockchain this year, said issuing its so-called “Union Bank Payment Coin (UBPC)” was a further step towards becoming a “full-service blockchain investment bank.” The bank noted that the UBPC will act as a stable coin and will have fiat currencies like the Swiss franc to back it.
U.S. Customs and Border Protectio Agency to Test Blockchain Shipment System
The U.S. Customs and Border Protection (CBP) agency will launch a live test of a blockchain-based shipment tracking system, combining the CPB’s legacy application and a blockchain-powered platform developed by the agency’s parent body — and the country’s primary border control organization — the Department of Homeland Security (DHS). While testing, the agency intends to establish standards of interaction between different blockchains in order to ensure that all firms and software will be easily connected to customs without the need for additional customization, as well as see how blockchain can enhance the verification of certificates of origin.
Mergers, Acquisitions, and Partnerships
Pornhub and Startup PumaPay Partner for Crypto Payments
Adult entertainment streaming website Pornhub has partnered with crypto payment and billing startup PumaPay in order to allow its users to pay in cryptocurrencies. Pornhub is now accepting PumaPay, with its “unique” pull payment protocol that will allow users automatically pay for their subscriptions, including PornHub Premium.
Singapore Central Bank Partners With Deloitte, Nasdaq for Digital Asset Settlement
The de facto central bank of Singapore has signed a deal with multiple big name entities including the Singapore Exchange (SGX), Anquan, Deloitte and Nasdaq to ease digital asset settlements. Together, the parties will create “Delivery versus Payment (DvP)… capabilities for settlement of tokenized assets across different blockchain platforms,” with the latter three acting as technical partners.
Shanghai Stock Exchange Partners With Insurance Association for Blockchain
The Shanghai Stock Exchange (SSE) and Insurance Asset Management Association of China (IAMAC) have agreed to cooperate on improving the insurance and pension industries with the use of blockchain tech. The SSE, the world’s fourth largest stock exchange, was joined by several major insurance industry players, including the IAMAC, Changjiang Pension Insurance Company, Tokyo Maritime Sunshine, and others in order to create a “new, high-efficiency, low-cost and safer insurance industry” through the use of blockchain technology.
Chinese Electric Bus Operating Giant Partners With Tech Firm for Blockchain
U.S. technology firm Seven Stars Cloud Group (SSC) has partnered with with China’s largest electric bus operator, the National Transportation Capacity Co Ltd (NTS), to provide finance services using blockchain technology. The partnership will run for three years and was worth $24 billion. According to the press release, the SCC will provide “fixed income lease financing-based products” through its regulated network, which will in turn provide NTS with regulatory-compliant blockchain finance products.
Seven Premier Soccer Clubs Sign BTC Advertising Deal With eToro
UK-based trading platform eToro has signed an advertising deal with seven Premier League football clubs paid in Bitcoin for the first time, according to various sources. The UK soccer clubs involved are reportedly Tottenham Hotspur, Brighton & Hove Albion, Crystal Palace, Cardiff City, Leicester City Football Club, Newcastle United and Southampton. Blockchain and cryptocurrency integration in football stadiums and the industry will also form a focus for the partnerships, eToro so far not giving details as to the nature of the “exploration.”
Funding Rounds
Japan’s SBI Holdings Invests in Trouble Crypto Exchange LastRoots
Japanese financial services giant SBI Holdings announced this week that it had made a second investment, amount undisclosed, in troubled cryptocurrency exchange LastRoots. SBI had originally invested in LastRoots, which is one of the exchanges singled out by regulators for improvement following Coincheck’s $530 million hack in January this year, in December 2017. This investment aims to help LastRoots make the changes needed to adhere to regulation guidelines, as SBI will send in its own executives to bring practices up to scratch and bring the platform in line with regulation.
Atlas Protocol Concludes Several Million Dollar Investment Round Led by SoftBank
Blockchain marketing platform Atlas Protocol (ATP) has concluded a seed investment round of several million dollars led by SoftBank China Venture Capital, with participation by Baidu Ventures, Danhua Capital, and Fenbushi Digital. Atlas Protocol was formed by Nebulas Labs and the xGoogler Blockchain Alliance (xGBA), with co-founder of Jide Technology and the “first engineer” of Google Adwords Jeremy Zhao, as well as professor Ronghui Gu of Columbia University, all acting as technical advisors for Atlas Protocol.
Winners and Losers
The crypto markets are slightly up this week after some recent lows, with Bitcoin trading around $6,706 and Ethereum at $275. Total market cap is around $215 billion.
The top three altcoin gainers of the week are Protean, 808Coin, and Ccore. The top three altcoin losers of the week are Thore Cash, Ferron, Haracoin.
For more info on crypto prices, make sure to read Cointelegraph’s market analysis.
FUD of the Week
Fraudulent Ethereum Application Appears and Disappears From Google Play Store
An Ethereum scam application appeared on Android’s Google Play Store this week, offering a fraudulent “Ethereum” application – which seemed to just be a picture of the Ethereum logo – for around $388. The app, which has since been removed, showed that it had over 100 downloads.
U.S. Federal Trade Commission Warns Men About BTC Ransom Scam
The U.S. Federal Trade Commission has published a warning to “men” about a type of Bitcoin blackmail scam that involves threatening the victims with exposure of an alleged affair unless a BTC ransom is paid. Among the “classic signs” of blackmailing, the FTC lists “threats, intimidation and high-pressure tactics” and advises consumers to “report it immediately to your local police, and the FBI.”
North Korean Hackers Reportedly Hack Crypto Exchange With MacOS Malware
North Korean hackers have infected an unnamed crypto exchange with malware for both Windows and macOS for, reportedly, the first time, according to a report by Kaspersky Lab. The malware, dubbed “AppleJeus,” entered the exchange’s systems after an employee downloaded a “tainted” app believed to be from a fake developer with fake security certificates in a major operation by North Korean hacker collective Lazarus Group.
Alleged Crypto Cell Phone Hacker Arrested in California
A hacker who allegedly stole Bitcoin totalling more than $1 million by hijacking cellphones has been arrested by police in California. The alleged hacker used “SIM swapping,” a technique also known as a “port out scam,” to reportedly steal cryptocurrency from victims’ devices. Over a period of several years, the recently arrested alleged hacker and another suspect already under arrest used the funds to buy items such as luxury sports cars.
Best Features
After the Bitcoin Boom: Hard Lessons for Cryptocurrency Investors
The New York Times takes a look at crypto traders from America to South Korea that lost large amount of their savings in the recent crypto market slump, delving into whether they think the risk of investing was worth it.
How Bitcoin’s Crash Compares to History’s Biggest Bubbles
Bloomberg provides an analysis of all of history’s “biggest bubbles,” juxtaposing Bitcoin’s recent fall over crashes like the much-talked-about tulip crash and the dot com bubble.
window.fbAsyncInit = function() { FB.init({ appId : '1922752334671725', xfbml : true, version : 'v2.9' }); FB.AppEvents.logPageView(); }; (function(d, s, id){ var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) {return;} js = d.createElement(s); js.id = id; js.src = "http://connect.facebook.net/en_US/sdk.js"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk')); !function(f,b,e,v,n,t,s) {if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)}(window,document,'script', 'https://connect.facebook.net/en_US/fbevents.js'); fbq('init', '1922752334671725'); fbq('track', 'PageView'); This news post is collected from Cointelegraph
Recommended Read
Editors' Picks
BinBot Pro – Safest & Highly Recommended Binary Options Auto Trading Robot
Do you live in a country like USA or Canada where using automated trading systems is a problem? If you do then now we ...
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The post SEC May Make U-Turn on BTC ETF Rejections, While India and China Crack Down on Crypto Scammers appeared first on Review: Legit or Scam?.
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