Central bank officials have projected their concerns onto investors, banking executives and the general public as to how much peer-to-peer decentralized virtual currencies such as bitcoin and litecoin could revolutionize both payment systems and currency. From making financial … [Read more...]
Marc Faber: Asset bubble to burst, U.S. economy not improving
Are asset prices in a bubble? If so, how much longer until that bubble bursts? According to Marc Faber, a legendary investor and editor of the Gloom, Boom & Doom Report, the bubble may already be in the process of blowing up. Speaking in an interview with CNBC on Tuesday, Faber, a … [Read more...]
4 in 10 U.S. households using cellphones as their primary number
Will landlines go the way of the rotary phone? Well, in many cases, the trend has already started as more and more consumers ditch the landline and opt to use their smartphones and cellphones as their primary point of contact, according to a new study. The latest data was compiled … [Read more...]
Software CEO predicts Federal Reserve’s future will be a computer program
If both white and blue collar workers can lose their jobs due to companies investing in automation then why can’t the Federal Reserve System and central banks across the globe experience the same thing? One software executive thinks that’s what the future of banking will look … [Read more...]
Baby Boomers are overweight and not financially prepared
Baby Boomers are on the verge of exiting the labor force in very large numbers, despite the Great Recession wiping out those who were born between the years 1946 and 1964. However, they may not be financially equipped for their long-term care needs, especially considering that a … [Read more...]
Michigan becomes latest state to issue bitcoin consumer advisory
After a dozen or so states issued consumer advisories and investor guidance alerts warning the general public about the risks and threats associated with investing in peer-to-peer decentralized virtual currencies, like bitcoin and litecoins, the alerts pretty much dwindled, until The … [Read more...]
Private cloud storage market will grow to $69 billion by 2018
Public and private cloud storage has become a popular feature for companies, governments, non-profit organizations and educational institutions over the past couple of years. Despite the number of concerns of corporations heading to the cloud, there are an estimated 600 million … [Read more...]
Google (GOOG) bans pornography from AdWords advertising network
Next time you search for something on Google (NASDAQ:GOOG), you won’t have to be subjected to any advertisements related to pornography because the search engine juggernaut has officially banned them. The company reiterated the announcement early last week when Google listed the … [Read more...]
U.S. study finds people would give up friends for smartphone
In today’s age, perhaps brotherly love has gone the way of flip phones. A new United States study discovered that a growing number of Americans are becoming addicted and dependent to their smartphone, and would even potentially isolate themselves just to be with a mobile … [Read more...]
Ireland central bank official warns virtual currencies ‘can challenge sovereignty of states’
For months now, several central bank officials have espoused the threats associated with digital currencies like bitcoin. Although the statements have listed the risks that are posed by bitcoins and other virtual currencies, a lot of officials mention the possibility of … [Read more...]
Steve Forbes: Defund IRS to object to Obama’s alleged executive abuse
Since entering the Oval Office, President Obama has been accused of abusing his power and expanding the role of the executive branch by bypassing Congress, signing executive orders and, as his critics accuse of him, possibly using the Internal Revenue Service (IRS) akin to President … [Read more...]
EBA urges Europe to shun bitcoin, virtual currencies until rules implemented
Should the European Union ignore bitcoin and other digital currencies until the proper banking regulations and rules are in place? That’s what the European Banking Authority (EBA) is urging in a new statement that is recommending the 28-state bloc establish safeguards to protect the … [Read more...]
GM, Philips nearly bought Pixar, almost stopped ‘Toy Story from being made
Over the years, Pixar has produced some of the greatest animated motion pictures ever made: "A Bug’s Life," "Toy Story," "Finding Nemo," "Monsters, Inc.," "Ratatouille" and much more. What if these films were never made and they never entered the imaginations of children … [Read more...]
ADP survey shows hiring jumped in June as 281,000 jobs added
Is the United States labor market finally starting to match the temperatures in the southeast? A new private survey of businesses suggests that the job market is beginning to heat up, which adds to projections that the U.S. economy is improving. Payroll processor ADP published the … [Read more...]
Now you can buy flowers at 1-800-FLOWERS with bitcoin
If you need to purchase flowers this month and you also happen to be a bitcoin enthusiast then 1-800-FLOWERS has you got covered throughout the entire month of July. The leading floral delivery company announced in a press release Tuesday that throughout the whole month of July it … [Read more...]
Janet Yellen confirms she won’t raise interest rates
Since former Federal Reserve Chairs Alan Greenspan and Ben Bernanke imposed artificially record-low interest rates, many investors have sought out riskier investments for greater rates of return. This has led numerous financial analysts and banking officials to call out bubbles in … [Read more...]
Websites with popular WordPress plug-in MailPoet face possible takeovers
Websites that run on WordPress and have downloaded the very popular MailPoet plug-in are susceptible to cyber infiltration and hackers could garner complete access to websites and take them over, according to a blog post from researchers. Daniel Cid, CTO of security firm Sucuri, … [Read more...]
Bank of Russia: Bitcoins ‘should not be rejected’
For the past several months, it has been unclear as to whether or not bitcoin was either entirely illegal in the Russian Federation or was facing tremendous regulations that would make it immensely difficult to utilize. In February, for instance, Russian authorities issued many … [Read more...]
IEA study: $80 billion worth of energy wasted for ‘smart’ devices last year
How much energy is that smart television in your home or that Internet modem on your desk wasting? According to the International Energy Agency (IEA), electronic devices in homes all over the world are wasting approximately $80 billion in energy due to inefficient technologies that … [Read more...]
Electronic retailer Newegg partners with BitPay to accept bitcoin
Add Newegg as the latest United States electronics retailer to the list of big name merchants accepting the peer-to-peer decentralized digital currency bitcoin. The company confirmed the move in a press release Tuesday. Newegg, one of the biggest electronics e-retailer in North … [Read more...]
