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A California city is launching the first US experiment in basic income — and residents will get $6,000 a year

October 20th, 2017 at 10:20 am » Comments Off

Stockton, California Mayor Michael Tubbs is leading the charge on a basic income experiment in his recovering town.



Why colleges are borrowing billions

October 17th, 2017 at 12:28 am » Comments Off

Higher-education institutions are overspending on renovations and new facilities that they hope will boost enrollment, but experts say this plan could lead to financial crisis.



Study: over half of for-profit students defaulted on loans

October 7th, 2017 at 1:24 pm » Comments Off

WASHINGTON — Students who attended for-profit colleges were twice as likely or more to default on their loans than students who attended public schools, according to a federal study published Thursday.



China has banned ICOs

September 5th, 2017 at 10:36 am » Comments Off

It is looking like a new era is coming for ICOs, at least those in China for now. In the U.S., the SEC has issued official warnings around the risks of ICOs, also known as token sales, but the Chinese government looks set to beat it to implementing regulation around the rapidly growing fundraising option.



A ‘human swarm’ has figured out where Jeff Bezos should donate his money

August 15th, 2017 at 9:48 am » Comments Off

Jeff Bezos tweeted in June that he wanted short-term, high-impact ways to do social good. An artificial intelligence platform put 46,000 suggestions to a vote, using a method inspired by how bees swarm. Universal access to clean drinking water was the winner.  



SEC concludes that “initial coin offerings” may be securities

August 3rd, 2017 at 8:58 am » Comments Off

After an investigation, the Securities and Exchange Commission has concluded that organizations offering or selling digital assets using blockchains or distributed ledgers may be subject to securities laws, depending on the circumstances. This includes “initial coin offerings” (ICOs), a recently popularized crowdfunding method by which an organization issues virtual currencies or tokens.



7 cryptocurrency predictions from the experts

August 1st, 2017 at 2:18 pm » Comments Off

Fortune convened some top cryptocurrency entrepreneurs, venture capitalists, bankers, and others to chat about the future of digital money at Fortune’s Brainstorm Tech conference in Aspen, Colo. last week. A select group met at the Aspen Institute for a breakfast roundtable discussion on Wednesday morning.



P2P payment transactions to exceed $120 billion this year

July 30th, 2017 at 3:56 pm » Comments Off

Meanwhile, mobile payment apps are being adopted in smaller numbers



The war in cash intensifies: Visa offers restaurants $10,000 to go cashless

July 22nd, 2017 at 3:04 pm » Comments Off

Visa has declared war on cash and its “opening salvo” is to start paying restaurants $10,000 to go completely cash free.



Poised to overtake bitcoin this year, Ethereum is changing the way we think about cryptocurrency

July 17th, 2017 at 12:15 pm » Comments Off

Vitalik Buterin is the brains behind what some say is the next generation of bitcoin, called Ethereum.



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