Bitcoins to finance terrorist networks

During a public conference held in early January, officials from the PPATK (Pusat Pelaporan dan Analisis Transaksi Keuangan) – an independent agency created in 2002 to track money-laundering activities in Indonesia – stated that the Islamic State is strongly suspected of financing its operations through bitcoin platforms and PayPal online services. Yvan Yustiavandana, research director at PPATK, declared that terrorist groups seem to favour modern and sophisticated online payment instruments, probably because transactions made through those channels are more difficult to track and almost anonymous.

The Indonesian authorities have found evidence that Bahrun Naim, leader of a regional group affiliated to the Islamic State and the alleged perpetrator of a terrorist attack in Jakarta in 2016, exploited digital currencies to transfer money to other members.

Even the European Union is currently debating on introducing stricter regulations on cryptocurrencies, such as bitcoins, as they seem to be mostly used for illegal transactions.

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Bitcoin to banknotes

Headline-making Bitcoin is now a cryptocurrency-cum-banknote as it moves into a new dimension: the real world. It might sound like an oxymoron, but the digital currency is now available in two denominations, the 0.01 and the 0.05 BTC that can be found in Singapore at the Megafash Suntec City store.

Manufactured by the Swiss startup Tangem, the banknote has an integrated hardware system based on one of Samsung’s semiconductor chips. The notes are “cheap enough to hand over” and, according to Bitcoin News, need “no special infrastructure, no complicated applications”. The user simply needs an NFC– capable smartphone to check the note’s assets.

The Zug-based company states that these smart banknotes are “comparable to a well-protected paper banknote”, a clear acknowledgement that tangible money is indeed a secure and practical tool for a number of transactions. The bottom line is that things are coming full circle: from digital to tangible and from crypto to banknote. Even on the Tangem website, the company speaks of a “cash-like” product to promote its digital note.

The message is loud and clear, and certainly the motive behind Tangem’s offer, that cryptocurrencies are generally inaccessible to the majority of the population as they are not well understood and not particularly user-friendly. The advantage of a banknote is that it’s concrete and that any given transaction simply requires an exchange of notes, nothing more. No computer, no fancy infrastructure, no wifi.

Tangem delivered the first 10,000 notes to Singapore early this month after having undergone a comprehensive security audit by Kudelski Group.

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The Best Ways I’ve Found To Make Money Online From Home

Have you been looking for a way to make money online without having to know much of the internet stuff? Wanting to work at home but don’t know how to do it? Here is the key gem: Between all the tricks on joining the craft beer movement, opening a gallery or being a tour operator, you will find clever advice that anybody can apply to make money online quickly.

The most basic way to make money online is through affiliate marketing. It is really easy. Basically you set up an ad for someone she is selling something and when they click through and buy it, you make money! Simple enough if you have no technical skill at all. Here are some simple tips on how to earn using affiliate marketing:

Drop-shipping is one of the most useful methods. You select a product in which you believe there is a demand and then drop-ship it to your customers in small quantities. You make money from the difference between what the stock costs and what you sell it for. For this method, it is important to note that you may need to make space for your inventory on your premises or perhaps wait until you have a build of an inventory before you can start drop-shipping; but the advantages make it a good choice for those seeking to make money online from their spare time.

Paid surveys are a great way to earn some extra cash. These can be accessed easily and there are many sites where you can get paid from spending your spare time. There is one site, though, which is said to pay $200 a week for twelve weeks straight – you can’t beat that kind of money making potential. With paid surveys, it is important to note that the sites are generally scams, and that you need to do some research to ensure you are making good money making opportunities.

Finally, a passive income generating method that can bring in money on autopilot is eToro’s Forex trading. This works by allowing you to invest on a demo account and earn money from the performance of the currencies being exchanged. The best thing about this system is that it allows you to do virtually anything and still see profits coming in. eToro has an average starting price of less than $50 and can generate an income of five figures in just a few months.

These are the best things I have found for making money online from your home. Though none of them are as good as, say, a paid-online course, they are much more affordable and can provide a valuable education to start earning money immediately online. With just a little research, you should be able to find a legitimate opportunity to get paid to learn the basics of making money in the currency markets. This is a truly remarkable opportunity.

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