What is a ‘Ponzi Scheme’, you ask? “A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns for older investors by acquiring new investors. This is similar to a pyramid scheme in that both are based on using new investors’ funds to […]
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Swimming with the sharks makes perfect sense in our evolving corporate world.
Bitcoin has been around since 2009, but it really wasn’t until recently that it finally hit the mainstream consciousness of investors and the general public. As of this writing 1 bitcoin is now worth over $5,600 USD. And its meteoric rise doesn’t look to be abating any time soon. Its potential to reshape how we […]
A California city is launching the first US experiment in basic income — and residents will get $6,000 a year
Stockton, California Mayor Michael Tubbs is leading the charge on a basic income experiment in his recovering town.
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.
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.
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.
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.
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.
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.
Meanwhile, mobile payment apps are being adopted in smaller numbers
Visa has declared war on cash and its “opening salvo” is to start paying restaurants $10,000 to go completely cash free.