Mark Carney to stay at Bank of England until 2019, sparking relief and disappointment – as it happened

  • Duncan Weldon, head of research at Resolution Group, suggests Mark Carney has played the game rather well….
  • Adam Marshall, Director General of the British Chambers of Commerce (BCC), is pleased that Mark Carney has decided his future.
  • Sorrell: Carney may be hurt by unjustified criticism
  • Tyrie: Carney has a lot of explaining to do….
  • Andrew Tyrie, the influential chair of parliament’s Treasury Committee, is determined to find out why Mark Carney is only going to serve a six year term.

Bank of England governor will stay on for an extra 12 months to provide stability after Britain triggers Article 50
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New bitcoin rival promises anonymity for online purchases

New #bitcoin rival promises anonymity for online purchases #Software #Currencies #Crime

  • According to Robinson, there is demand for greater anonymity among users of crypto currencies as more and more realize that bitcoin can be traced.
  • “Bitcoin has been accepted by regulators and government because there is some level of accountability,” explained Robinson.
  • Zcash launched last Friday and is currently worth $498 dollars per coin, in comparison to $706 for one bitcoin.
  • Robinson also pointed out that Zcash has been created by a private company, which – while it does not have to rely on the open-source community to develop the currency as with bitcoin — could potentially be sued by governments or regulators in order to reveal information.
  • Zcash uses a technique called “zero-knowledge proofs” to ensure coin exchanges are valid but without revealing extra information to either user.

A new cryptocurrency launched late last week, claiming to allow users to make online purchases anonymously.
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Forged rail tickets sold on ‘dark web’, BBC investigation reveals

  • Forged rail tickets sold on ‘dark web’, BBC investigation reveals
  • The BBC is not responsible for the content of external Internet sites
  • Watch a full report on BBC Inside Out South East – BBC One on Monday 31 October 19:30 GMT.
  • The Rail Delivery Group, which represents train companies, said fare dodgers “deprived the railway” of about £200m a year.
  • Media caption BBC South East bought a forged first class ticket from Hastings to Manchester

Forged rail tickets are being sold on the “dark web” and used at stations without detection, a BBC investigation finds.
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Number of young seeking help for anxiety rises

  • Tips for helping children with anxiety
  • The NSPCC’s Childline counselled 11,706 young people for anxiety in 2015-16 – a 35% rise from the 8,642 in 2014-15.
  • “Often we fail to notice the impact these stories are having on young people.”
  • “The good news is that so many children are able to express their anxiety to Childline, knowing that we will take them seriously, so that we are able to reassure them.”
  • The number of young people in the UK seeking help for anxiety has increased sharply, a children’s charity has said.

The number of young people in the UK seeking help for anxiety has increased by 35% in just a year, the NSPCC says.
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How to Get Zcash, Bitcoin’s Anonymous Baby Cousin

  • Zcash also notably addresses another of the biggest pitfalls of bitcoin and its ilk: that big corporations with tons of dedicated computers are pretty much the only ones with any shot at mining the cryptocurrency.
  • Zcash, which went live on Friday with version 1.0 “Sprout,” is essentially an experimental fork of bitcoin that attempts to address an inherent contradiction of the supposedly “untraceable” cryptocurrency.
  • A newly-launched cryptocurrency created by expert cryptographers holds the distinction of being the only one explicitly designed to provide bitcoin’s biggest missing feature: anonymity.
  • As Zcash’s creators put it: “If bitcoin is like http for money, Zcash is https,” referring to the now-ubiquitous secure protocol that protects a website’s visitors from eavesdropping.
  • A zero-knowledge proof is a way to mathematically prove a statement is true without revealing any of the information you’d normally need to prove it.

The most promising cryptocurrency since bitcoin is ready to be mined—if you dare.
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Blockchain technology trialled to tackle slavery in the fishing industry

  • Technology could be used to differentiate fish caught sustainably to those caught illegally, or linked to human rights abuses
  • The pilot shows that complex, global supply chains can be made transparent by using blockchain technology.”
  • With the seafood industry notorious for human rights abuses and illegal fishing, campaigners hope the technology, piloted by a UK-based company Provenance , could help retailers, manufacturers and restaurants prove the origins of their fish.
  • Smartphones could be used to scan fish products used in the trial to access information on their origins and journey to the supermarket shelf.
  • Blockchain technology trialled to tackle slavery in the fishing industry

Technology could be used to differentiate fish caught sustainably to those caught illegally, or linked to human rights abuses
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Railway ticket machines in Switzerland will soon sell Bitcoin

Railway ticket machines in Switzerland will soon sell #bitcoin #crypto #news   #ResidualBit…

  • Starting Nov. 11, customers on the Swiss railway will be able to trade their Swiss francs for Bitcoins on ticket machines.
  • Railway ticket machines in Switzerland will soon sell Bitcoin
  • While people will be able to buy Bitcoin, train tickets will not be for sale using Bitcoins.
  • While people will be able to buy Bitcoin, train tickets will not be available for purchase using the digital money.
  • The BBC reported that SweePay, a Swiss financial services company, will make the transactions possible by lending its conversion service to the SBB machines.

Starting Nov. 11, customers on the Swiss railway will be able to trade their Swiss francs for Bitcoins on ticket machines. While people will be able to buy Bitcoin, train tickets will not be for sale using Bitcoins.
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