...WORLD OF BITCOINS ¬¬¬ CONTENTS Page(s) 1. Introduction 3 2. Features of Bitcoin 4-9 3. Bitcoin Mining 10-11 4. Legality of Bitcoins in different countries 12-13 5. Pros and Cons of Recent Developments of Bitcoin 14-15 6. Legal Aspects of Bitcoin in India 16-19 7. Conclusion 20 8. References 21-23 INTRODUCTION We live in a world where transactions are made by traditional methods using separate currencies. This system has been implemented since the dawn of time. But for a more modern approach, a new form of currency called as crypto currency have been introduced by various organizations around the world. The first crypto currency to be introduced is the Bitcoin. Bitcoin is the creation of a computer programmer named using the pseudonym Satoshi Nakamoto that made its debut in January 2009. This is an open source, peer- to-peer, digital currency that has no physical manifestations. Unlike earlier digital currencies that had some central controlling person or entity, the USP of Bitcoin lies in its network being completely decentralized, with all parts of transactions performed by the users of the system. This is similar to the U.S. dollar so, Bitcoin is a fiat currency in that it is not redeemable for some amount of another commodity i.e. Bitcoin in itself...
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...Invented in January of 2009, Bitcoin is the world’s first online digital crypto-currency. Rather than relying on central authorities, Bitcoin uses cryptography to control its creation and management. In today’s day and age, cryptography is heavily based on mathematical theory, which Bitcoin creators used to create computational algorithms as a means of securing electronic Bitcoin transactions. From a globalization perspective, the dramatic rise of Bitcoins is of particular importance because of the threat it poses to the centralized global monetary system, as well as central banks of governments all over the world. For the basis of this report we will examine two reputable news sources, the British Broadcasting Corporation (BBC) and the Canadian Broadcasting Corporation (CBC), and review their coverage on Bitcoins, to produce an in depth analytical analysis of the global impact that this decentralised digital currency poses. Brief Introduction into the Background of Bitcoins In 2009 when Bitcoins were first unveiled to the global market, it was introduced as an alternative to the failing fiscal policy of the global monetary system, which was seen as a catalyst for guiding the world into the 2008 recession. Both news outlets recognized developer or developers, Satoshi Nakamoto, as the pseudonym for the creator of the Bitcoin protocol, which is based on “a fundamental critique of the world’s monetary system” (Mendoza, 2012, para. 4). Nakamoto expanded on this critique through...
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...DMBA 610 Knowledge Integration Exam Fall 2015 ________________________________________Please read all instructions carefully before you begin. 1) Use the provided Student Exam Answer Sheet. Include your responses to all questions in the column, “Your Response” next to the appropriate question. This ONE Exam Answer Sheet document should be saved with your last name and "final," -- e.g. "Smithfinal"-- and posted in your Assignment Folder no later than 11:59 PM (EST), Sunday, November 15th, 2015. This exam also must be submitted to Turnitin.com It is recommended that you submit your exam to Turnitin.com at least 24 hours before the deadline to allow you sufficient time to address any issues identified in the Originality Report prior to posting your exam in your Assignment Folder. Please note: The exam questions are already included on the Answer Sheet. If the exam content is recognized as non-original by Turnitin, it will be ignored in analyzing your Turnitin report. Do not include any repeat of the exam case content on your Answer Sheet. Only place your answers and references on the Answer Sheet. 2) No extensions may be granted on this assignment; be sure to submit it on time and check to make sure that the document you submitted is readable and what you intended to submit. NOTE: This is an individual assignment. Any discussion or collaboration regarding the assignment constitutes a violation of UMUC's Academic Dishonesty and Plagiarism Policy. If you have any...
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...in Japan, the Shogun implemented a systematic plan, which separated the four main classes. Namely: The samurai (warriors) at the top, followed by farmers, artisans, and lastly peasants. The Shoguns were considered to be the bureaucrats of the country. In comparison the peasant class accounted for 80 % Japan’s population were restricted to engaging activities that were associated with agricultural and farming. The reason for this is that the Shogun wanted to ensure that those with authority and power were able to generate a stable source of income from their land, while leaving the peasants with little to survive on. The political stability of the Tokugawa period was under threat due to the colonial expansions of countries such as Portugal and Spain into Asia, via catholic missionaries (1). The reason why the Towkugwa Shogun`s feared catholic missionaries, was that they believe that their forging ideology and beliefs would conflict with their own, which could potentially lead to them being overruled by the peasant class. This is because man peasants were now converting to Christianity. In order to ensure this never occurred the Shogun enforced a decree, in which banned the practise and preaching of Christianity would be completely banned the practise and preaching of...
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...Modelling the Counterfeiting of Bank Notes: A Literature Review Ben Fung and Enchuan Shao, Currency Department • Ensuring that the threat of counterfeiting remains low is critical to maintaining the public’s confidence in bank notes as a means of payment . In the past 50 years, Canada has experienced two major episodes of counterfeiting at levels that threatened public confidence . The Bank of Canada has since developed a comprehensive anti-counterfeiting strategy that has brought counterfeiting under control and that supports public confidence by staying ahead of counterfeiters . Research that models the behaviour of relevant parties—the counterfeiters, the merchants and the central bank—helps to improve our understanding of their respective decisions: whether or not to produce counterfeit notes, whether or not to verify and accept bank notes offered, and what level of security to apply to bank notes . This research also sheds light on the importance of policies against counterfeiting . • I n June 2011, the Bank of Canada unveiled its new $100 and $50 notes to the public. The Bank’s new series of polymer bank notes, which incorporates innovative security features that are not only easy to verify but also difficult to counterfeit, marks a significant advance in counterfeiting deterrence. Issuing new, more-secure bank notes is one of four components in the Bank’s comprehensive anticounterfeiting strategy, which was developed during the most recent episode of high levels...
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...DAWN NEWSPAPER | PAKISTAN HISTORY TERM REPORT | 20th February, 2014 | Anoosha HaroonSaneeza AsrarShafaq ShafqatNazia KhanSyeda Aminah Asim12/18/2014 | NATIONAL ANOOSHA HAROON Headline “PLEA TO BOOK MUSHARRAF IN DRONE CASE REJECTED” Drone attacks in Pakistan started off in 2004-2005 under the presidency of General Pervez Musharraf and targets the northern areas especially North-Waziristan. These U.S drone attacks have been condemned by all political parties and they have protested to show their agitation. The reason behind these drone attacks is to get rid or terrorists and Talibans but it is not the most efficient and precise way as U.S claims it to be. Because many innocent civilians have lost their lives because of these drone attacks. Lately, a petition was filed against Mr. Musharraf and alleged him for making a deal with U.S secretly and that there should be a legal action against him. This petition also requested the court to direct the Secretariat police to register an FIR against the former president General Retired Pervez Musharraf. The petiton referred to an interview which Mr. Musharraf gave in April, 2013 in which he said that yes he did allow U.S drone attacks “but only on few occasions when target was isolated and there was no chance[s] of collateral damage”. This was the first time that any Pakistani official accepted the fact that they had granted permission of drone strikes. This petition was however rejected and considered as not...
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...Acknowledgements I would like to appreciate God Almighty for his faithfulness and for the strength, without him I am nothing. I would like to thank my supervisor Dr Hatem Ahriz for his guidance throughout the writing of this report. I would like to thank Richboy and Ete Akumagba for their guidance and for proof reading this report. I would like to thank my family for their support and love. ii Abstract This era of explosive usage of networks have seen the rise of several opportunities and possibilities in the IT sector. Unfortunately, cybercrime is also on the rise with several forms of attack including, but not limited to botnet attacks. A Botnet can simply be seen as a network of compromised set of systems that can be controlled by an attacker. These systems are able to take malicious actions as needed by the attacker without the consent of the device owner and can cause havoc. This paper is the first part of a two-part report and discusses on several reportedly known botnets and describes how they work and their mode of infection. Several historic attacks and the reported damage have been given to give a good picture and raise the bar on the capabilities of botnets. Several existing tools have been considered and examined which are useful for detecting and terminating botnets. You would find that each tool has its own detection strategy, which may have an advantage on some end than others. iii Table of Contents Declaration ................
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...Commission needs to update it to hinder incoming threats and keep pace with the new international standards. My interest into this topic arose from mafia stories. When I was very young and I listened to tales about heroes such as Giovanni Falcone, Paolo Borsellino, Carlo Dalla Chiesa, I realized I wanted to try fighting, even just in my small way, criminal organizations. From 70’s until the early 90’s Italy was affected by continuous acts of violence carried out by terrorists and organized crime, which contributed to spread terror and uncertainty in a context which saw our country weakened by corruption. Things change and criminals’ ways to operate do too, but there is a need that never goes out of fashion for them: the attempt to conceal or disguise the true nature, source and ownership of the proceeds which have a criminal or illicit origin and transform those into seemingly legitimate income. Consequences would be a very strong negative impact on national GDP and, therefore, undermined stability and reputation of the financial sector. That is to say criminals will always try to take advantage of flaws of the system for their illicit purposes, using different techniques. The discipline related to AML (anti-money laundering) needs to be constantly implemented, reviewed and periodically revised, taking into account the constantly changing nature of the phenomenon in question and terrorist financing threats. This explains why EU needed to go again through the discipline...
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...WikiLeaks This article is about the website and organisation. For the Australian political party, see The Wikileaks Party. Note that WikiLeaks has no connection whatsoever to Wikipedia or its parent, the Wikimedia Foundation, which operates the encyclopedia. WikiLeaks The logo of WikiLeaks, an hourglass with one globe leaking to the second | | Web address | WikiLeaks.org [1] a | Slogan | We open governments. | Commercial? | No | Type of site | Document archive and disclosure | Registration | None | Available in | English, but the documents are written in various languages | Owner | Sunshine Press | Created by | Julian Assange | Launched | 4 October 2006 | Alexa rank | 14,957 (April 2014[2]) | Current status | Online | WikiLeaks is an international, online, non-profit, journalistic organisation which publishes secret information, news leaks, and classified media from anonymous sources. Its website, initiated in 2006 in Iceland by the organization Sunshine Press, claimed a database of more than 1.2 million documents within a year of its launch. Julian Assange, an Australian Internet activist, is generally described as its founder, editor-in-chief, and director. Kristinn Hrafnsson, Joseph Farrell, and Sarah Harrison are the only other publicly known and acknowledged associates of Julian Assange. Hrafnsson is also a member of Sunshine Press Productions along with Assange, Ingi Ragnar Ingason, and Gavin MacFadyen.[3][4] The group has released...
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...outcome if not in terms of causes, are likely in the short term, but – also akin to Japan – a deflationary spiral is not), and LSE Professor Paul De Grauwe (there is a real risk of this outcome or worse unless policies change). We conclude that Euro area economies and assets could escape Japan’s fate but warn that Euro area stagnation would have a greater impact on the global economy than did Japan’s. Inside Interview with Masaaki Shirakawa Former Governor of the Bank of Japan 4 Headed for Japanese-style deflation? Silvia Ardagna, GS Rates Strategy 6 Interview with Huw Pill GS Chief European Economist 8 Euro area stagnation and its discontents Jose Ursua, GS Global Economics Research 10 Interview with Paul De Grauwe Professor, London School of Economics 14 European equities: a different story Sharon Bell, GS Portfolio Strategy 16 A look back at Japan’s deflation drivers Naohiko Baba, GS Japan Economics 18 Source: www.istockphoto.com I don’t see why [sovereign QE] couldn’t be as effective [in the Euro area] as in the US and in the UK. But even full-blown QE would lose full effectiveness if fiscal policies don’t...
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...COMPUTER CRIMES A Case Study submitted in partial fulfilment of the requirements for the completion of the course in CIS401M: IT ETHICS AND LEADERSHIP Term 3, Academic Year 2014-2015 by LORETO V. SIBAYAN PAUL MATTHEW G. AVILA Master of Science in Information Technology College of Computer Studies April 2014 TABLE OF CONTENTS ABSTRACT 5 CHAPTER 1 1.0 INTRODUCTION 6 CHAPTER 2 2.0 OVERVIEW OF LITERATURE 8 2.1 CYBERCRIME 9 2.2 THEORIES OF CRIME 2.2.1 CRIMINOLOGICAL THEORIES 10 2.2.2 PSYCHOLOGICAL THEORIES 12 2.3 TYPES OF CRIME 14 2.3 CAUSES CYBERCRIME 19 2.4 CYBERCRIME PREVENTION 22 CHAPTER 3 3.0 ANALYSIS CYBERCRIME CASES 26 SUMMARY OF CYBERCRIME CASES 38 CONCLUSION AND RECOMMENDATION 43 REFERENCES 44 ABSTRACT The 21st century has brought about certain influences in the lives of everyone including the way we do business transactions, the way we gain education and the way we communicate; these influences are mostly revolutionized through the use of modern day technology and though these technologies have been proven to be beneficial to the entire society, it also carries with it aspects that can be worrying for everyone. Certain professionals in the said field use their expertise to illegally develop ways on how to take advantage of others with of course the use of technology hence cybercrime...
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...Business and management terms dictionary 21-Gun Salute - Traditional honour given to royalty and heads of state, derived from the old signal of peaceful intent, when multiple firing practically removed capability for immediate threat due to re-loading time. 24-Carat/Karat - The purest form of gold (karat is US-English spelling, too soft for jewellery, hence gold jewellery is made of 22-carat, 18-carat, or 9-carat gold, etc., in which other metals such as copper are mixed. Carat is a measure of purity in which 24 parts equate (virtually) to 100% gold. 18-carat is therefore 75% gold. Less than 10-carat gold is generally not sold as gold. The carat measure of diamonds is different, for which carat is a measure of weight (1 carat = 200mg). 24-hour Society - Refers to a way of life available to many in the modern world in which people can work socialize, shop, bank, etc., 24 hours a day. The phenomenon has caused significant new thinking in business, management, marketing, etc., and continues to do so. ...
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...Anthropology Lecture 1 introduction Common Misconceptions with Drugs . The effect of a drug is caused solely by its pharmacological properties and effects. . Some drugs are instantly addictive . The gateway/ stepping stone theory - the use of 1 drug leads to the use of other more dangerous drugs What are drugs ? Krivanek's definition : Drugs are substances that are introduced into the body knowingly but not as food. Therefore illicit drugs, legal recreational drugs and legal but regulated pharmaceutical drugs that aren't recreational at all. - Whether if a drug is considered bad and is prohibited depends on the culture of the society in a particular period. What is culture ? The definition of culture = Through Roger keesing and Andrew Strathern's definition it is a system of shared ideas, rules and meanings that underlie and are expressed in the ways that human live. - This includes : law, beliefs, political economy, media and popular culture - this perceives ideas about what is normal and abnormal to society. " Culture is always changing and contested, not unified" Enthography as a method for studying drug use It is a process of observing, recoding and describing other peoples way of life through intimate participation the community being studied". - Participation observation, involving yourself in the life of the community , taking up the life of the other person, observing their actions, asking questions and learning what questions...
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...CIS 534 - Advanced Network Security Design 1 CIS 534 Advanced Network Security Design CIS 534 - Advanced Network Security Design 2 Table of Contents Toolwire Lab 1:Analyzing IP Protocols with Wireshark ........................................................................ 6 Introduction ............................................................................................................................................. 6 Learning Objectives ................................................................................................................................ 6 Tools and Software ................................................................................................................................. 7 Deliverables ............................................................................................................................................. 7 Evaluation Criteria and Rubrics ........................................................................................................... 7 Hands-On Steps ....................................................................................................................................... 8 Part 1: Exploring Wireshark ............................................................................................................... 8 Part 2: Analyzing Wireshark Capture Information .......................................................................... 12 Lab #1 - Assessment Worksheet...
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