This is all time high score what England made in the history of cricket against any team. This is amazing figure 444 on 3 wickets. Pakistan can do anything but can not win this match by chasing these runs which is like a mountain. Well done England making history in one day international format against Pakistan. The result of this match can be imagined even now.
Yes, 444 runs are huge score in ODI cricket history. And superbly played by all England batsman. Well century from Alex Hales, And in final overs what a match, it looks like I am watching highlights. Fantastic batting from Morgan and Buttler. They smash the Pakistan bowlers. Now Pakistan 21/0, # overs completed. Let's see how Pak batsman will play now. Pakistan is playing excellent fight back innings. Now 11 overs 86 runs but they lost 3 main wickets. Sharjeel Khan played aggressively batting but unfortunately he got out for 58 runs. England bowler Chris Woakes bowled superbly and picked all 3 wickets. I think Pakistan don't have a chance to win this match. Pakistan didn't have a chance chasing 444. They finally ended up at 275, giving England a win by 169 runs |
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China's top search engine freezes Bitcoin ads without warninghttp://economictimes.indiatimes.com/news/international/business/chinas-top-search-engine-freezes-bitcoin-ads-without-warning/articleshow/53871774.cms
Baidu Inc. has quietly removed advertising for bitcoin and all other forms of virtual currency from its online service, two of China's largest bitcoin exchanges say, signaling a growing wariness over the proliferation of online scammers.
The country's most popular search engine froze cryptocurrency ads from Thursday, according to local exchanges OKCoin and Huobi. Huobi Chief Executive Officer Leon Li and OKCoin's Jiang Anming, a member of its search engine marketing team, separately confirmed the ban to Bloomberg News. The company declined to comment.
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Blockchain tech to aid filter blood diamonds for sectorhttp://timesofindia.indiatimes.com/city/surat/Blockchain-tech-to-aid-filter-blood-diamonds-for-sector/articleshow/53852403.cmsSoon, diamantaires in Mumbai and Surat will have to equip themselves with the 'blockchain' technology to enhance security and prevent conflict diamonds from entering the market.
The Kimberley Process Certification Scheme (KPCS), a global industry watchdog for clean trade in diamonds, is working on a pilot project that will use the technology to monitor the KP statistics globally. The move will help ensure permanent blockage of blood diamonds from war-torn areas to enter the mainstream market.
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Bitcoin for bankshttp://www.business-standard.com/article/opinion/bitcoin-for-banks-116082401593_1.htmlUBS is unlikely to declare itself the real Satoshi Nakamoto anytime soon, but its own bitcoin-like digital currency could give it a head start on other distributed database aficionados in investment banking. The Swiss bank on August 24 said four financial firms, BNY Mellon, Deutsche Bank, ICAP and Santander, had joined its attempt to develop a so-called "Utility Settlement Coin" (USC). In contrast to the libertarian cryptocurrency, its adoption depends resolutely on the approval of a central authority.
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First case of 'digital kidnapping' in Punjab, cyber criminals seek ransom from pharma companyhttp://indiatoday.intoday.in/technology/story/digital-kidnapping-punjab-cyber-criminals/1/748289.htmlAlthough often reported in America and Europe, where private companies have found themselves at the mercy cyber criminals sitting in eastern European or Asian countries, for India - and particular for Punjab - the case is unique.
The modus operandi and the aims of these cyber criminals instances are clear. They get into the computers of a company, put in a malware or virus and then lock the data with strong encryption. Their next move is to demand money in lieu of the data that they have captured.
Shri Dhanvantari Herbals too soon received the demand for ransom. The cyber criminals wanted the company to pay them using Bitcoins, the digital currency with current exchange rate of around Rs 40,000 for one Bitcoin. This currency, which is moved using P2P channels, leaves little trace and it is almost impossible for most law enforcement agencies to connect senders and receivers of Bitcoins. This is one of the reasons why it is the favourite way to trade for cybercriminals, especially in the dark net.
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Both elements of the plan are open to legal challenge, lawyers said. Imposing losses on customers who were not hacked appears to go against the company's terms of service, said Ryan Straus, a Fenwick & West lawyer
[/i]
This sort of is a very strong point. They can't just take funds from everyone and spread the 36% of losses like this. Have they commented yet on how the exchange was hacked or the 2 sigs were compromised ? They say that this is what most resembles what will happen in a liquidation scenario. Of course, this will be challenged in courts. Their aim should be to raise money quickly and liquidate these tokens. |
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Overseas remittances' costs to reduce with new systemhttp://timesofindia.indiatimes.com/business/india-business/Overseas-remittances-costs-to-reduce-with-new-system/articleshow/53767362.cms
In the world of international banking, small may not be beautiful for customers. And no where is it more ugly than in the world of cross-border payments.Smaller remmittances of $50 or 100 Saudi riyals incur a heftier inter-bank transaction fee than larger remmittances of $50,000 or $1 million from a corporate account. Which would indirectly mean that the cab driver or kindergarten teacher or thousands of blue collar workers overseas would pay as much as 8%25% in transaction fee on every dollar heshe sends to India, versus a 5%-7% charge that an IT major like Cognizant or NetApp would have to pay.
Enter Ripple's disruptive technology of distributed ledger for cross-border payments, which might prove to be an equaliser of sorts in the world of remmittances, as it brings down transaction costs sizeably. Ripple, which has offices in San Francisco, New York, London, Luxembourg and Sydney, said a number of banks in India have shown interest in the technology given its ease of usage over blockchain.
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TCS throws weight behind blockchainhttp://www.livemint.com/Companies/bXjPtlHZRK46FQVb2hxhyN/TCS-throws-weight-behind-blockchain.htmlTata Consultancy Services Ltd (TCS) is throwing its weight behind blockchain and getting ready to launch core banking software based on the underlying technology behind virtual currency Bitcoin.
This will make India’s largest software exporter only the second large company globally to do so. Incidentally, local rival Infosys Ltd launched a blockchain framework for Finacle, its core banking platform, earlier this year.
None of the other large companies, including Swiss banking software provider Temenos Group AG and Germany’s SAP AG, have any blockchain-based software in their core banking platform.
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A troll just used bitcoin transactions to Rickroll the NSA hackershttp://tech.firstpost.com/news-analysis/a-troll-just-used-bitcoin-transactions-to-rickroll-the-nsa-hackers-330501.htmlAn anonymous troll used a series of bitcoin transactions to rickroll the Shadow Brokers. The Shadow Brokers are the group that recently hacked the NSA associated threat actor, the Equation Group. The Shadow Brokers are auctioning stolen NSA surveillance tools, which includes zero day exploits.
It is the bitcoin address that the Shadow Group is demanding payment on that got trolled. The details of all bitcoin transactions are available publicly, to track the blockchain. The blockchain is the underlying technology that facilitates bitcoin transactions. On August 17, between 6:12 and 6:14 pm local time, someone made a series of transactions to the Shadow Brokers. The transactions were of 0.001337 BTC (Roughly Rs 50) each. The numbers spell out a stylised version of the word “elite”, which is kind of like rubbing salt in an open wound.
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After $65 million hack, questions of whether bitcoin can be safehttp://www.livemint.com/Money/5uzp73cti1ouRLUxf2vs0I/After-65-million-hack-questions-of-whether-bitcoin-can-be.htmlIt seemed bitcoin exchange Bitfinex was doing all the right things. In the end, that didn’t stop hackers from stealing $65 million.
The latest in a long list of attacks on the digital currency since its birth in 2009 has been particularly vexing for the bitcoin community. Not only was Bitfinex the largest exchange for US dollar transactions, but the hack highlights that the industry hasn’t figured out critical security, despite years of learning from mistakes and making improvements to its infrastructure.
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Do not create unnecessary thread.btc are not directly connected to any bank.You pay transition fee as exchange fee.
I guess the OP is talking about what happens after he sells his BTC and the fiat flows to the bank account. Will he be liable to pay taxes at that point? The answer is yes. |
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Bitcoin theft: Here's why Bitfinex's recovery plan may not succeedhttp://timesofindia.indiatimes.com/tech/tech-news/Bitcoin-theft-Heres-why-Bitfinexs-recovery-plan-may-not-succeed/articleshow/53708297.cmsThe Hong Kong-based exchange said on August 2 that hackers had stolen 119,756 from some clients' accounts, the second-biggest such hack in dollar terms, and later said it would spread the losses across all its customers, whether or not they had been hacked or even held bitcoin. It said customers would forfeit 36% of their holdings and be given "BFX tokens" instead that could be redeemed by the exchange or converted to shares in its parent company iFinex.
Both elements of the plan are open to legal challenge, lawyers said. Imposing losses on customers who were not hacked appears to go against the company's terms of service, said Ryan Straus, a Fenwick & West lawyer who advises financial technology companies on regulation and co-authored the US chapter of a book on bitcoin law.
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Insurers to adopt robotic process, blockchain technologieshttp://www.business-standard.com/article/news-ians/insurers-to-adopt-robotic-process-blockchain-technologies-116081201167_1.htmlIndian insurers should adopt technologies like robotic process automation, blockchain technology, Internet of Things (IoT) and others to improve their processses and re-configure the insurance business model, states a joint study by Confederation of Indian Industry (CII) and EY.
According to the study titled Insurer of the Future, robotic process automation can replicate human behaviour and execute non-judgemental sequence of activities helping insurers to automate client servicing activities, said CII in a statement issued on Friday.
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Banks and tech firms apply blockchain to trade financehttp://www.business-standard.com/article/reuters/banks-and-tech-firms-apply-blockchain-to-trade-finance-116081001347_1.htmlAn HSBC and Bank of America Merrill Lynch venture and financial technology firm R3 said separately on Wednesday that they had created ways of using blockchain technology to simplify trade finance processes.
The two banks said they had joined with the Infocomm Development Authority of Singapore to emulate a letter of credit (LOC) transaction. Letters of credit are one of the most widely used ways to reduce risk between importers and exporters, helping guarantee more than $2 trillion worth of transactions, but the process creates a large paper trail and is time consuming.
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US To Auction $1.6-Million Bitcoin From Various Caseshttp://profit.ndtv.com/news/international-business/article-us-to-auction-1-6-million-bitcoin-from-various-cases-1441805The US government said on Monday that it plans to auction over 2,700 bitcoin that were forfeited during several cases, including the prosecution of the creator of the online black market known as Silk Road.
The US Marshals Service said that the online auction would be held on August 22, and that potential bidders must register by August 18. The bitcoin are worth about $1.6 million, according to the Bitstamp exchange.
The auction is the latest by the Marshals Service of the digital currency. It completed four prior auctions from June 2014 to November 2015 of bitcoin seized during the prosecution of Ross Ulbricht, who authorities say ran Silk Road.
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