A big increase of Litecoin mining is being planned by a group of developers who call themselves SegWit or Segregated Witness Signaling. SegWit has launched a new mining protocol; or soft fork that is making hundreds of new blocks of Litecoin available for mining. The latest SegWit … [Read more...]
Jeff Bezos No Longer in Diapers
Amazon is closing down the operations of its Quidsi unit which runs websites such as diapers.com and soap.com. The reason behind the closure is a lack of profitability. Quidsi was bought by Amazon for $500 million in 2010. Quidsi ran others sites such as Casa.com which dealt with … [Read more...]
Litecoin Price is Exploding, Could We be Witnessing the Next Ethereum
Ethereum is not the only cryptocurrency experiencing skyrocketing prices. Prices of the sixth largest cryptocurrency LiteCoin are also going through the roof. Litecoin prices rose by 70% on March 30, 2017, going from $4.18 to $7.04 a piece in just a few hours. The price is far from … [Read more...]
Bitcoin Could Lose Half its Value Facing Coordinated 51% Attack
Speculation that the Bitcoin Unlimited (BU) Project is planning something big; possibly a 51% attack, may becoming a reality. The project’s members might be planning to start larger blocks of bitcoin in an attempt to create a new blockchain. If they were to succeed the BU miners … [Read more...]
Ford Says Enough is Enough After 91 Years and Closes It’s Doors
American automaker Ford (NYSE:F) is closing its manufacturing facilities in Australia, bringing to an end more than 90 years of its car-making business on the island country. The final six-cylinder Ford Falcon rolled off the company’s assembly line at its plant in the Broadmeadows … [Read more...]
Considering Payday Loans, Consider This First
A payday loan, also referred to as a payroll loan, a salary loan, a payday advance, a short-term or cash advance loan, or a small dollar loan, is basically what it says on the tin. It’s intended to be short-term, it tends to be rather small, and it is unsecured thus you do not need to … [Read more...]
Where’s the Beef? McDonald’s Bigger Badder Burgers
McDonald's is continuing its initiative to revamp its image and cater to a wider audience. One of the ways it is doing so is by introducing larger sirloin burgers to its menu and respond to the age-old question that consumers have of, "Hey, where's the beef?" Fast-food juggernaut … [Read more...]
Payday Loan Lenders Watch Out, CFPB is After You
After talking the tough talk on the payday loan industry, the Consumer Finance Protection Bureau (CFPB) is now walking the tough walk after it released a series of rules for the sector. CFPB director Richard Cordray is scheduled to outline a proposed regulatory framework Thursday … [Read more...]
Burger King Cologne Will Have You Smelling Like a Whopper
April Fool's Day is upon us, a day when many newspapers, brands and companies pull pranks and jokes on an unsuspecting general public. Is the latest publicity stunt and public relations move from Burger King nothing but a prank? One of the most popular fast-food joints in the world … [Read more...]
If You Don’t Mind Being Spied on Rent from Hertz
Would you rent a car if the company installed a camera on the dashboard facing the driver? If you happen to travel a lot and rent a great number of vehicles then you may have come across a recent addition from Hertz: a camera facing you. The latest trend for vehicle owners and car … [Read more...]
Drones are Hurting the Real Estate Market
The real estate marketing industry has dramatically changed in recent years. With a highly competitive and expensive housing market and a hiccup in sales, agents and homeowners are employing a wide spectrum of marketing tricks to get potential homebuyers to sign on the line which is … [Read more...]
Ukraine Hikes Benchmark Interest Rate to 30%
One year after suffering a full-blown economic collapse because of the intense conflict with the Russian Federation, the Ukraine government and central bank are attempting to find out ways to revamp the overall economy and financial markets as the hryvnia has lost most of its … [Read more...]
Coca-Cola CEO Says “No” to Bonus Amid Bad Corporate Performance
The general public detests CEOs that receive multi-million-dollar bonuses and severance packages whether or not the company performs well. For instance, Canadians were outraged last month when Target CEO Gregg Steinhafel was given a walk-away package - or golden handshake - of $61 … [Read more...]
Russia’s Central Bank Cuts Key Interest Rate Amid Recession
The Russian central bank confirmed Friday that it has cut its key interest rate by one percentage point to 14 percent as part of efforts to stabilize and support the economy, which is in the midst of a horrific recession. In a statement (via the Associated Press), the Bank of … [Read more...]
U.S Stocks Rise on News of Bank of England Interest Rates
It has been six years since the Bank of England (BOE) decided to slash interest rates to combat the global economic meltdown. Since then, the BOE has consistently delayed any move to hike rates, even though present central bank governor Mark Carney has repeatedly hinted at such an … [Read more...]
Costco, Citi and Visa Partner to Create Credit Card Program
Another nail in the coffin of American Express? It could be so after Costco announced that it would be replacing the fledgling credit card company with an exclusive co-branded program with Visa and Citigroup beginning Apr. 1, 2016. The warehouse club retailer stated Monday it … [Read more...]
IRS Issues Refunds to 40 Million People Totalling $125 billion
With only one month into the tax filing season, the Internal Revenue Service (IRS) has already issued tax refunds to more than 40 million people worth a total of about $125 billion, not bad for a tax-collecting agency that has experienced budget cuts and limited tax examiners. The … [Read more...]
Ben Lawsky Warns of ‘Armageddon’ Cyber Attack on Banks, [Bitcoin Sounding Better?]
With the advancement in technology, the prevalence of cyberspace within government and the immense connectivity within the national infrastructure, it has been warned for years that a catastrophic cyber attack could very well transpire and wreak havoc on the overall economy. One of … [Read more...]
You’re Safe, Tax Audit Rate at All Time Low
For the next couple of months, millions of Americans will be sending the Internal Revenue Service their tax returns, and hope they can receive a refund. It's also the time of the year that many individuals fear being audited by bureaucrats and tax collectors. Well, those taxpayers can … [Read more...]
Soaring Cost of Living Forces Canadians to Cash Out Retirement Accounts
The cost of living for the average Canadians is soaring. With inadequate wages, higher taxes, a lack of prominent positions in the labor market and ubiquity of living paycheck to paycheck, more Canadians are cashing out their Register Retirement Savings Plans (RRSPs) prematurely in … [Read more...]
