Big Banks Enabled Jeffrey Epstein’s Sex Trafficking Crimes

Big Banks Enabled Jeffrey Epstein’s Sex Trafficking CrimesUnlike the unfounded narrative that cryptocurrency enables crime, big banks are more than happy to serve unsavory clients if it is lucrative enough for them. The latest example of this is a report that Jeffrey Epstein was apparently using his bank accounts to fund sex trafficking and possibly other crimes. Also Read: Deutsche Bank Collapse […]

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Crypto Regulations Are Changing Worldwide to Comply With FATF Standards

Crypto Regulations Are Changing Worldwide to Comply With FATF StandardsGovernments worldwide are changing the way they regulate crypto assets to comply with the global cryptocurrency standards set by the Financial Action Task Force (FATF). Some are amending existing laws, while others are creating a new system to cooperate and share data. Also read: China Publishes New Rankings of 37 Crypto Projects A New Crypto […]

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Big Banks, Big Troubles: HSBC, Deutsche, Societe, and Citi Lay Off Thousands Worldwide

Big Banks, Big Troubles: HSBC, Deutsche, Societe, and Citi Lay Off Thousands WorldwideBanking giants are in trouble and it’s starting to show. Key players in the industry have already announced massive job cuts and executives with hefty salaries have been dismissed. HSBC, the largest bank in Europe, has revealed it plans to lay off over 4,000 employees and Citigroup is preparing to shrink its trading staff slashing […]

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Money Laundering Fines Worth Billions Help Bankers Avoid Prosecution and Unpleasant Labels

Money Laundering Fines Worth Billions Help Bankers Avoid Prosecution and Unpleasant LabelsThe recent seizure of a cargo ship owned by JP Morgan, a vessel loaded with 20 tons of cocaine according to latest accounts, highlighted the risks of banks’ involvement in illicit activities, inadvertent or otherwise. And although U.S. authorities released the MSC Gayane after the owner, JP Morgan’s asset management arm, and the operator, Mediterranean […]

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In defense of torrents

With much fanfare from the Department of Justice, the alleged operator of the largest torrent site, Artem Vaulin, was arrested in Poland and the website was seized. Assistant Attorney General Leslie Caldwell said, “[Artem] Vaulin is charged with running today’s most visited illegal file-sharing website, responsible for unlawfully distributing well over $1 billion of copyrighted […]

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