The rapid rise of Bitcoin has prompted extensive discussion about the nexus between virtual currencies and financial crime. This paper examines the financial crime risks involving virtual currencies, the challenges that come with attempting to address those risks, and considers the implications for key stakeholders.
The enormous attention given to Bitcoin’s rise has prompted security agencies to ponder whether cryptocurrencies could become a terrorist financing tool. A recent case suggests terrorists may be testing the waters. But overreaction could stifle an important new financial technology.
The launch of more than 100 satellites on board the Indian Polar Space Launch Vehicle (PSLV) last week has smashed the previous world record held by Russia since 2014. India’s space programme is driven by regional competition and security concerns, national ambition in the scientific domain and, above all, a laser focus on cost effectiveness.
Worrying reactor test results have prompted the Ministry of Defence to schedule an unexpected reactor replacement for the UK’s oldest nuclear-armed submarine, at a cost of £120 million. If forensic tests exacerbate these concerns, the financial costs of reactor replacement may not be the UK’s only worry.
There seems to be a political consensus on the need for surveillance of digital data that is proportionate to the danger faced by UK citizens. However, to counter threats, agencies face the challenge of sifting through huge volumes of data while maintaining the trust of the public.
The recently Oscar-nominated film Gravity underscored the very real danger of space debris from old and existing satellites and space missions in the low earth orbit. Reducing the number of satellite missions will not be enough, and there are a number of initiatives underway to have space junk removed.
Though it has been around for over a hundred years, the idea of wireless electricity has been gathering momentum recently. Now, even the defence community is looking to revolutionise this technology for battlefield use.
Last week, the normally secretive ‘Skunk Works’ division of the Lockheed Martin company unveiled a new, remotely piloted, hypersonic jet with strike and reconnaissance capabilities. Given the right investment, it has the potential to revolutionise military aerospace technology.
Laser weapons have dominated futuristic weaponry in science fiction for decades, whilst the military has used lasers as range finders and to designate targets for guided weapons since the Vietnam War...