Central bankers and several mainstream financial minds – Warren Buffett, Charlie Munger and Jamie Dimon – have surmised for quite some time now that peer-to-peer decentralized virtual currencies, predominantly bitcoins, will cease to exist because of what they say is due to a lack of … [Read more...]
Bitcoin expert Roger Ver: Bitcoin can stop governments waging war
Over the past century, governments all over the world have been involved in at least one-quarter of a billion deaths, according to various statistics from think-tanks and universities. This is defined as democide and governments in each corner of the globe have been complicit in wide … [Read more...]
Consumer credit up $26.85 billion totaling $3.18 trillion
For years, consumer debt has been a major burden for households across the United States. With the average credit card debt more than $15,000, one consumer would think that they should stay away from credit. According to the latest data, it has been quite the opposite for the credit … [Read more...]
Grandparents paying for their grandkids’ college amid retirement fiasco
Despite older Americans having a difficult time coming up with and maintaining funds for their retirement years, grandparents seem to have no problem doling out large sums of money for their grandkids’ expensive post-secondary tuition rates. A new study finds seniors are paying for … [Read more...]
Analysts say housing price gains will slow down over next two years
Despite the United States housing market making some gains since the real estate crash a few years ago, there are still some troubling signs that could prove another downturn is expected: mortgage rates are on the uptake, the number of mortgage applications has fallen and the overall … [Read more...]
Majority say the American Dream is unattainable amid homeownership declines
Decades ago, it was believed that if you owned a home, a car and had a steady job then you had attained the American Dream. Nowadays, most people think that this is unachievable in an economy that is leaving people without jobs and homes. According to a new CNNMoney poll, 59 … [Read more...]
Sorry dogecoin you’re no longer the biggest tippers, insert bitcoin
As of late, digital currencies have garnered mainstream media attention for their investment capabilities, their technological innovation and which financial expert is saying what. Often times it is not mentioned that virtual currencies, like bitcoin, dogecoin and litecoin, are also … [Read more...]
Dutch central bank urging banks to be cautious about bitcoin businesses
For the past several months, numerous central banks and governments have consistently published consumer alerts and investor advisories urging citizens to be cautious before they enter into the realm of peer-to-peer decentralized virtual currencies. These guidances have become quite … [Read more...]
New data suggest U.S economy isn’t performing up to par
The latest economic data may concern Federal Reserve economists and administration officials regarding a potential recovery in the United States. It suggests that sectors of the U.S. economy aren't necessarily performing as well as expected and they may pose a hindrance to economic … [Read more...]
Seattle council passes $15 minimum wage, to become highest in the nation
The Seattle city council overwhelmingly voted in favor of passing an ordinance that would raise the minimum wage to $15 over a period of several years. The measure would commence Apr. 1, 2015 and the phasing in would be different for four different groups. The issue has dominated … [Read more...]
Lawyers warn bitcoin could be used to hide assets in divorce cases
Over the past year, central banks and governments have warned that citizens could participate in tax evasion schemes by utilizing the peer-to-peer decentralized digital currency bitcoin. It is unclear if bitcoiners are doing so, but lawyers are now warning that bitcoin could be … [Read more...]
WalletHub: 90% want higher taxes on investment income
Over the past several years, there has been a lot of discussion of imposing higher taxes on investment income. Proponents of this move say the funds can be utilized to pay down the budget deficit, fund infrastructure projects and put towards education and healthcare. Opponents, … [Read more...]
Mark T. Williams “Professor Bitcorn”: Bitcoin is still overvalued, to dip in time
In December, when the peer-to-peer decentralized virtual currency bitcoin was reaching all-time highs, some economists (Professor Bitcorn) who lacked the capacity to make predictions or even describe what the cryptocurrency was, called for the utter demise of bitcoin and foresaw a … [Read more...]
UK to count drugs and prostitution to give GDP a boost
In the United Kingdom, drugs and prostitution adds nearly $17 billion to the overall economy, but these transactions only account for less than one percent of the economy. Although these are deemed as illicit activities, the British government has decided to include them into its … [Read more...]
Peter Schiff says only one customer has bought gold with bitcoin
Last week, it was announced that Peter Schiff’s Euro Pacific Metals was partnering up with BitPay in order to allow its clients to start purchasing gold and silver with bitcoin. The news went viral considering that Schiff has previously criticized bitcoin on numerous occasions and … [Read more...]
GAO report finds most Americans are claiming Social Security too early
Most Americans are claiming their Social Security benefits too soon and fewer than one in 10 retirees postpone claiming these benefits long enough in order to maximize their retirement funds, according to a new report by the Government Accountability Office (GAO). The common age … [Read more...]
Dish Network becomes largest company to accept bitcoin
Dish Network announced this past Thursday that it will become the largest company to date to begin accepting bitcoin for payments. The satellite television company confirmed that it will begin to permit its customers to pay for their satellite services in digital currency by September … [Read more...]
Study finds medical debt ruining American credit reports
Millions of healthcare patients across the United States are suffering from large sums of medical debt due to the growing costs of medical care, a paucity of insurance and questionable practices of healthcare institutions. It is quite easy for a patient to rack up anywhere from … [Read more...]
BitPay processing $1 million per day; Overstock.com gets $1.6 million in bitcoin payments
BitPay has become one of the biggest success stories in the bitcoin economy. Each month, the bitcoin payments processor continues to add merchants and businesses to its growing list – some of the names on its list include Zynga, TigerDirect, WordPress, Virgin Galactic, Euro Pacific … [Read more...]
Study discovers one-quarter of Americans saving nothing for retirement
The Great Recession, a crisis in the labor market and the rising cost of living are often some of the reasons why a significant number of Americans fail to save enough for a rainy day or for their retirement. According to Country Financial’s new Financial Security Index, … [Read more...]
