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After that, anyone involved in binary options is punishable with up to two years in jail.

Fifty-three Knesset members voted for the law and none voted against it. The binary options industry, some of which has closed down in Israel in recent months as the legislation made its way through the Knesset, is an Israel-based enterprise which flourished with almost no intervention by law enforcement since Lee Elbaz LinkedIn Fewer than 20 Israelis have been arrested for binary options fraud, and none has been indicted. Our government officials go to international conferences and their colleagues abroad raise their eyebrows because of this industry.

The top of the FBI website on March 15, , dominated by a binary options fraud warning.

We are talking about criminals at various levels of crime organizations, up to the very top. The Times of Israel arranged for victims of the fraud to testify to the committee, including the family of Fred Turbide — a Canadian father of four who died by suicide in December having been duped out of his life savings by an Israel-based binary options firm. Hundreds of firms have operated from Israel, employing thousands of Israelis, defrauding customers all over the world. Fraudulent Israeli binary options companies ostensibly offer customers worldwide a potentially profitable short-term investment.

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But in reality — through rigged trading platforms, refusal to pay out, and other ruses — these companies fleece the vast majority of customers of most or all of their money. The fraudulent salespeople routinely conceal where they are located, misrepresent what they are selling, and use false identities. The law that passed on Monday was a constrained version of the draft law that was introduced earlier this year. The original bill would not only have banned the entire binary options industry, but also forex and CFD companies that operate from Israel without a license.

It was subsequently watered down to apply narrowly to binary options.

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The audible expressions of delight as the concept "clicked" with different students around the room made this lesson one of those teaching moments I will never forget. The students worked with a partner using a set of five cards with dots on one side 1, 2, 4, 8, The cards were arranged face down with the "one" card on the far right. The cards are turned over and back in turn to create the numbers from , and the numbers were recorded as they went, in both decimal and binary systems.

As the students worked in pairs, one student concentrated on the cards and the other was recording the sequence, but there was a lot of discussion about patterns they were noticing as they went. The dot cards were used in subsequent lessons as a warm up and review, with students developing some fluency at using the cards to represent numbers.

Converting from decimal to binary (video) | Khan Academy

Students who were quickly able to use the dots cards to represent the numbers to 31 were able to extend the written pattern further by adding another place. Each finger is assigned a place value and then is said to be either on or off if it is up or down. A fist is 0, when the thumb is held out, this is 1, etc. Some students found it useful to label their fingers with the place value numbers 1, 2, 4, 8, 16 to make it easier to keep track. Students were encouraged to think about the patterns they noticed as they attempted this activity, and to consider quicker ways to work out the binary equivalent of a given number.

Build a binary clock

Video resources The students enjoyed watching some short videos that explained the binary system in different ways. The visual aids helped some children to grasp the concept more easily, and having access to the videos allowed students to view the video more than once if they were still not understanding the binary number system. The first video, What are Binary Numbers, with James May, was well received by the students as it was quite humorous. The visual representation of both the decimal and binary systems were useful to most students. A few of the jokes went over the students' heads, but they particularly liked the joke about the two types of people, which become more relevant to them as their understanding grew.

Lesson Overview

The second video, Binary Numbers and Base Systems Explained as Fast as Possible, compares the decimal and binary numbers in reasonably simple terms, although the speaker is quite fast. Students only need to watch the first part of the video. After , the video is an advertisement for online tutorials. Binary numbers appear in blocks in horizontal rows across the screen, with a decimal number to the right.

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Students must change the binary blocks to match the decimal number, or enter the decimal number using a keypad to match the binary number. As each correct answer is entered, the row clears. As more rows appear and the game play speeds up, it becomes more challenging. If the screen becomes full, the player must start again. As a further challenge, the players were asked to record their high scores in binary and compare them to see who was fastest in the class.