Did the NSA Outline Bitcoin In 1996?
The NSA was one of the first organizations to describe a Bitcoin-like system. About twelve years before Satoshi Nakamoto published his legendary white paper to the Metzdowd.com cryptography mailing list, a group of NSA information security researchers published a paper entitled How to Make a Mint: the Cryptography of Anonymous Electronic Cash in two prominent places, the first being an MIT mailing list and the second being much more prominent, The American Law Review (Vol. 46, Issue 4 ). The paper outlines a system very much like Bitcoin in which secure financial transactions are possible....
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A fascinating 18-year-old report from the US government shows that cryptocurrencies have been making officials nervous for quite some time. The report, called “How to Make a Mint: The Cryptography of Electronic Cash,” was published by the National Security Agency back in 1996. That’s the same agency recording your phone calls today. Of particular note are the fact that the NSA’s cryptographers were describing digital currencies that would be recognizable by many readers today, and that questions of money laundering and tax evasion had them wringing their hands incessantly then, too. The....
Here's a look at what we are focusing on in the bitcoin price this evening. Sometimes, we outline our key levels in the bitcoin price, and then action throughout the day disappoints. Specifically, when this happens, we generally see a ranging of price between the two levels in question, and a failure to break either resistance or support and, by proxy, a failure of our strategy to put us in any profitable trades. As things have turned out today, that’s exactly what has happened. Price basically bounced around our key support level for a short period, before ranging slowly towards....
The Federal Reserve is expected to outline how it intends to monitor FinTech innovations today in a research paper, according to a report from The Wall Street Journal. Even though the Fed has been visiting FinTech startups to understand what it is they do, the research is unlikely to hold any definitive decisions now. It is reported that the Federal Reserve is looking into banks’ decisions when they engage with FinTech firms to determine fraud or money laundering. Issuing a Digital Dollar? The Bank of England’s RSCoin, the Bank of Canada’s CAD-Coin, and Senegal’s eCFA digital currency in....
International financial institution HSBC is looking for marketing interns to join their team this summer. So it's no surprise they are taking to employment testing websites like GapJumpers to try and identify who the best candidate for the role is. Identified by Reddit user 'yakka2', HSBC is asking potential marketing intern candidates to outline bitcoin benefits as they apply to the HSBC business model in the form of a position paper. Here's the full text from the prompt (found here). HSBC is one of the leading international banks. Technology plays a big part of the banking world....
Central bank digital currencies can have broad implications for the global balance of power, experts say.