Despite the negative publicity that bitcoin has garnered so far this year, one early backer of the digital currency and prolific technology professional is planning to invest millions of dollars more into the virtual currency. It was reported by the Wall Street Journal this weekend … [Read more...]
It’s important to separate bitcoin from its technology
Will bitcoin go the way of MySpace and become the original source for a new and improved technology? The website paved the way for social networks everywhere before being triumphed by Facebook and Twitter. In the near future, will bitcoin meet its demise just to be succeeded by a more … [Read more...]
Stock guru Bill Miller endorses bitcoin as ‘venture bet’ with ‘huge returns’
We reported Thursday that United States angel investors and venture capitalists have poured tens of millions of dollars into bitcoin startups. They’re not necessarily doing it to change the world, but the potential for immense returns on their investments could prove quite … [Read more...]
With $100 billion in debt the USPS is on deck for a government bailout
It is widely known that the United States Postal Service (USPS) isn't necessarily on the best financial footing since prior to the Great Recession. In fact, things have gotten so bad for the Post Office that it made headlines late last year when it was reported it defaulted on $5.6 … [Read more...]
Is it time to end bitcoin speculation for profit
Since bitcoin inched its way to more than $1,000 late last year, most of the news reports and discussions have been whether or not bitcoin will go to $10,000, how can someone earn money with bitcoin and is it too late to invest in the digital currency. Since most financial … [Read more...]
Peter Schiff: Fed’s QE creating massive stock, real estate bubbles for 1%
It has long been argued since the beginning of the Federal Reserve’s quantitative easing program that bubbles are being formed and once they burst then the United States economy would be in worse shape than at the height of the Great Recession. Peter Schiff, president of Euro … [Read more...]
Report: Pay-TV subscriptions drop while streaming makes significant gains
It seems more Americans are cutting the cable cord in favor of online streaming capabilities. SNL Kagan, a private research firm, published the results of a study that discovered the total number of Americans who subscribe for cable, satellite and fiber television services declined … [Read more...]
North American bitcoin startups garner $98.6 million from investors
What’s one of the biggest things in the market today that angel investors are pouring their money into? Bitcoin startups, an industry that received $117 million to this date in investments from venture capitalists, according to a report from Aite Group, a research firm, entitled … [Read more...]
The end of smartphones and beginning of wearables
From the 1930s to 1970s, Dick Tracy was one of the most popular cartoon strips and radio shows in the world. Solving crimes with his yellow fedora hat, quick wit and electronic gadgets, particularly his highly advanced watch, Dick Tracy was as iconic as Coca Cola. Years later, … [Read more...]
$2 trillion flows through the U.S black market annually and the governments focus is bitcoin
For several months, central banking and government officials have lambasted bitcoin for being the currency of choice for those operating the underground economy. The black market in any nation, especially a state with numerous laws, is quite lucrative: the United States underground … [Read more...]
Ottawa bitcoin exchange defrauded of $100,000 in ‘ridiculous’ heist
Ottawa police have initiated an investigation into an Oct. 1, 2013 incident that led to a bitcoin exchange to being defrauded of more than $100,000 in a heist that has been described as anything but smart. This incident is just another theft of the digital currency to add to the … [Read more...]
BlackBerry lays off 120 employees at Waterloo headquarters
BlackBerry, the once dominant smartphone maker known as Research in Motion (RIM), confirmed Monday that it would be laying off an additional 120 employees in its product development and wireless technology divisions at its headquarters in Waterloo, Ontario. The staff reduction was … [Read more...]
Federal Reserve balance sheet growing out of control reaching $4 trillion in 2013
The Federal Reserve announced Friday that its balance sheet soared to $4 trillion by the end of last year. In efforts to revive the United States economy, the nation’s central bank made immense asset acquisitions of $1.1 trillion as part of its monthly $85 billion quantitative easing … [Read more...]
Under Secretary for terrorism and financial intelligence wants federal banking laws applied to bitcoin
David Cohen, Treasury undersecretary for terrorism and financial intelligence, delivered a speech to Bloomberg News in New York on Tuesday, in which he called for federal banking laws to apply to bitcoin because of the major threat that the digital currency possesses: anonymity. By … [Read more...]
Bank of Thailand urges citizens to look at Mt. Gox to see bitcoin risks
The present status of bitcoin in Thailand remains to be confusing to say the least. After shutting down the nation’s largest bitcoin exchange platform, bitcoin.co.th, and then ultimately banning the digital currency, authorities allowed the website to resume operations and thus … [Read more...]
Could Goldman Sachs $200 billion savings claim spell doom for bitcoin
In a Goldman Sachs report entitled "All About Bitcoin," one of the world’s largest financial institutions said that it doesn't necessarily see bitcoin as a viable, legitimate currency. Instead, it noted that bitcoin will likely become an innovative payments technology. One … [Read more...]
Obama Band-Aid: Raising minimum wage is not a viable solution
United States President Barack Obama has been arguing as of late for a minimum wage of $10.10 per hour, an increase from the current federal $7.25. He garnered support from a large number of economists in January, but on Friday he received opposition from more than 500 economists … [Read more...]
BTC-e, Bitstamp handling 75% of trades amid Mt. Gox collapse
After the collapse of one of the largest bitcoin exchange platforms in the world, Mt. Gox, numerous bitcoiners have looked elsewhere to handle their digital currency holdings. Bitcoin exchanges BTC-e and Bitstamp are taking advantage of Mt. Gox’s losses and presently handling a … [Read more...]
Smart businesses are interested in bitcoin’s marketing, low-cost transactions
Businesses don’t want to bring down the Federal Reserve. Merchants aren't interested in ending the conventional financial system. Retailers aren’t looking to eliminate Visa, MasterCard or PayPal. No, they’re a neutral body and just want to succeed in today’s difficult economy. Over … [Read more...]
New startup lets you trade in your old electronics for bitcoin
Consumers have acquired a lot of technology, particularly in the past five years with the rise of smartphones, tablets and inexpensive DSLR cameras. However, as we upgrade, what do we do with our older electronics? Well, how about trading them in for bitcoin? A new startup called … [Read more...]
