Will Switzerland soon be home to an expansive bitcoin market? Perhaps, but it depends on how the Swiss Financial Market Authority (FINMA) acts moving forward. Recently, FINMA modified its Collective Investment Schemes Ordinance by adding the peer-to-peer decentralized digital … [Read more...]
SEC warns investors of bitcoin frauds, Ponzi schemes
A long list of central banks, federal governments, departments and state governments have warned about the usual risks associated with the peer-to-peer decentralized digital currency bitcoin. The latest to do so is the United States Securities and Exchange Commission (SEC), which is … [Read more...]
Buy your own ski resort for $1.40 in Austria
Have you ever wanted to own a ski resort? Just imagine: skiing the slopes, cuddling up by a fire, drinking a cup of hot chocolate and enjoying the sights and sounds of nature. Well, now you can for a buck and some change. The small Austrian ski resort located in the southern … [Read more...]
Roger ‘Bitcoin Jesus’ Ver believes Amazon will soon accept bitcoin
Last month, an Amazon executive confirmed that the online retail juggernaut would not be accepting bitcoin because it did not see enough demand. The company did launch its own Amazon Coins virtual currency. One bitcoin expert thinks Amazon will eventually allow its customers to pay … [Read more...]
Federal Reserve: Skipping college will mean losing out on $800,000
Years ago, post-secondary institutions and public officials touted that if students were to attend university then they can earn $1 million more than a non-university graduate. That figure has since been disputed because the number was distorted due to the growing number of … [Read more...]
Sri Lanka’s textile, garment exports up 6.6% to $396 million
The Economics Research Department of the Central Bank of Sri Lanka published a report entitled "External Sector Performance," in which it highlighted that the South Asian country’s earnings from textiles and garments exports rose 6.6 percent to $396.2 million in the month of February, … [Read more...]
NJ Governor proposes e-cigarette tax to tackle $807 million deficit
New Jersey Republican Governor Chris Christie is proposing a new tax on electronic cigarettes, also known as e-cigs, in order to reduce the $807 million budget deficit. The Garden State would allocate the estimated $35 million in revenues into the pot of general spending. Christie … [Read more...]
Survey: 47% of companies open to paying workers in bitcoin, 10% already do
Another poll regarding bitcoin has been released. This time, the poll sought the opinions of 150 companies dealing with the peer-to-peer decentralized digital currency bitcoin and their views on adopting a cryptocurrency payroll. The survey, which was conducted by BitWage, … [Read more...]
Jim Rogers believes gold will hit bottom again in next two years
Jim Rogers, founder of the Rogers International Commodity Index and bestselling author of "Hot Commodities," has long been a proponent of precious metals and a staunch critic of the Federal Reserve System and its monetary stimulus. He sat down with HardAssetsInvestor.com late last … [Read more...]
Bitcoin needs better consumer protection: Blockchain.info COO
When the bitcoin community discusses about one improvement that the peer-to-peer decentralized digital currency needs, there are a large number of bitcoiners that say it needs better consumer protection, whether it’s through governmental legislation or self-regulations. Speaking in … [Read more...]
Michael Novogratz of Fortress Investment Group: Bitcoin will threaten banks with peer-to-peer lending
In recent months, bitcoin has garnered the support from some high-profile Wall Street investors. From pouring money into bitcoin ventures to acquiring stock associated with the digital currency, it seems there are more bulls in bitcoin these days and is becoming a popular … [Read more...]
Eurozone youth unemployment rate stands at 23.7% or 19 million people
Last week, new employment data in Europe was published and reported that the eurozone’s seasonally-adjusted unemployment rate was 11.8 percent in the month of March. According to Eurostat, the European Union’s statistics office, close to 19 million people remain unemployed in the … [Read more...]
Wisconsin political candidate Mark Clear returns bitcoin donations
The state of Wisconsin is in the bitcoin headlines again. This time the news is surrounding Mark Clear, a Madison alderman who is running for state representative. Clear is believed to the first Badger State politician to incorporate bitcoin into his campaign fundraising arsenal. … [Read more...]
U.S. Department of Defense to study bitcoin as potential terrorist threat
For close to a year now, governments, central banks and law enforcement agencies have been quite blunt in their viewpoints that bitcoin and other digital currencies are associated with illicit transactions and criminal activities, such as money laundering and terrorism financing. The … [Read more...]
Chinese bank announces it won’t allow clients to transact bitcoin, litecoin
Upon orders from the People’s Bank of China (PBOC), financial institutions are beginning to institute restrictions on client accounts to prevent them from taking part in transactions involving bitcoin and litecoin. China Construction Bank confirmed Wednesday on its website that it … [Read more...]
Republican Senator Rand Paul: Back bitcoin by stocks
Libertarians who are critics of bitcoin like to own a currency that is backed by something that is tangible and physical, such as gold and silver bullion. This is one of the premises behind the Austrian School of Economics, the economic theory supported by most libertarians … [Read more...]
Study finds people like food better if they think it’s expensive
Let’s face it: we all like going out to eat at a nice restaurant once a while – for some, more than others. Sometimes the food is worth the price, while during other occasions we ask ourselves if the meal was even worth the $30 (plus tip). Well, according to a new study, our liking of … [Read more...]
Congressional data finds 67% of Obamacare enrollees have paid their premiums
Data gathered by the United States House Energy and Commerce Committee highlights that 67 percent of Americans enrolled in the Obamacare marketplace had paid their first monthly premium (as of Apr. 15). Many critics of the Affordable Care Act (ACA) say the enrollment process isn’t … [Read more...]
Bank of Canada unconcerned about growing popularity of bitcoin
The Bank of Canada is not concerned about the growing popularity of bitcoin. Delivering testimony to the Senate banking committee Thursday, the nation’s top banking officials explained that it was still too early to tell if the cryptocurrency industry will go mainstream. It if … [Read more...]
Larry Summers former US Treasury Secretary: It’s a serious mistake to write off bitcoin
Larry Summers, former United States Treasury Secretary and economic advisor to President Obama, was candid in his viewpoints regarding the economy, the financial system and bitcoin in an interview with the Wall Street Journal on Wednesday. He began the interview by labeling the … [Read more...]
