New rules could make crypto hugely expensive for banks

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The Basel Committee has warned banks of market and credit risk, fraud, hacking, money laundering and terrorist financing risk when it comes to cryptos. Photo: Getty Images

A top global banking regulator has proposed strict rules for cryptos that could make them costly for banks, and has put bitcoin (BTC-USD) in its highest risk category.

The Basel Committee on Banking Supervision believes banks should set aside enough capital to cover losses on any bitcoin holdings in full and has issued a public consultation on proposals for the treatment of banks’ cryptoasset exposures.

One proposal is to attach a 1,250% risk

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CryptoSara: Transforming the Insurance Industry through AI and Blockchain

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BAAR, SWITZERLAND / ACCESSWIRE / June 10, 2021 / Artificial intelligence (AI) and cryptocurrencies may seem like an odd couple, but they are a pairing poised for big success. Blockchain is a distributed database technology that has already proved its worth in the financial world, where trust and security play a fundamental role. A decentralized data base transforms the concept of trust in virtual networks, because its users rely on open source code that minimizes the possibility of undesirable actions by third parties.

 

Without data, blockchain is only a theory with no real-world applications. The information stored in the blocks

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Lockton boosts global construction business with series of hires

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Lockton has expanded its global construction practice (GCP) with several senior hires – James Cook, deputy international practice leader; Steve Leeming, senior vice president, international construction, and Lewis Coward, head of placement.

The three new hires will join from Marsh, where they all currently hold senior vice president roles. Coward will begin with Lockton later this month, while Cook and Leeming will follow in September. They will work with international clients and major global projects from Lockton’s London-based GCP team.

“The arrival of James, Steve and Lewis adds significant additional expertise and experience to an already high calibre team,” said

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Here’s why cryptocurrency crashes on weekends

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Jack Taylor | Getty Images News | Getty Images

Cryptocurrency is known for volatility and some experts say crashes tend to happen on weekends.

“This has been a phenomenon in crypto for several years,” said Stephen McKeon, associate professor of finance at the University of Oregon in Eugene, and partner at Collab+Currency, a cryptocurrency-focused investment fund. 

These weekend dips may have significant effects as regulators weigh the future of digital currency, experts say. Here’s why these crashes may be happening.

Less trading on weekends

One of the reasons for weekend cryptocurrency volatility is there are fewer trades, said Amin Shams,

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How To Leverage Your Employees’ Personal Brands To Grow Your Business Equity

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Jon Michail is Founder & Group CEO of Image Group International & best-selling author of Life Branding. Follow him on LinkedIn & Twitter.

In recent years, the ease of creating and growing a personal brand has increased because of technological tools (such as social media) that have removed the old gatekeeping middlemen who once stood in the way of anyone starting down this path without prior connections.

That’s great, but personal branding is still often thought of as exactly that — personal thoughts and values linked to an individual.

Personal Branding Vs. Company Branding

What many unagile companies have

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What does it mean for cryptocurrency?

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By Tom Wilson and Karin Strohecker

LONDON (Reuters) – El Salvador has become the first country in the world to adopt bitcoin as legal tender, with President Nayib Bukele touting its use for its potential to help Salvadorans living abroad to send remittances back home.

Here’s what the move means for bitcoin as a mainstream currency – and emerging markets such as El Salvador:

WHAT DOES THE LAW SAY?

El Salvador’s law means bitcoin will have equal footing with the dollar, which became its official currency 20 years ago.

Making bitcoin “legal tender” means shops and businesses must accept it

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