At Brain Bar Budapest, a large hall that was plastered in dark and leafy plants struggled to hold a sea of attendees. The crowd gathered to watch Steve Fuller, author of Humanity 2.0 and the Auguste Comte Chair in Social Epistemology at Warwick University, debate Zoltán Pogátsa, a Hungarian political economist. The topic at hand? […]
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How much money it takes to be “rich” varies from city to city. About 20% of Americans are upper-income, or “rich,” meaning they earn at least two times the national median household income. The amount of money it takes to be considered rich is largest in San Jose, California.
China has pursued numerous commercial and infrastructure deals around the world in recent years. Critics see this as a Chinese effort to extent its influence abroad. These financial maneuvers are a source of concern for many — including the head of the US Navy.
LONDON) – Four out of every five dollars of wealth generated in 2017 ended up in the pockets of the richest one percent, while the poorest half of humanity got nothing, a report published by Oxfam found on Monday.
Privacy and anonymity are all the rage, and these coins are benefiting big time.
More than eight years since the birth of bitcoin, central banks around the world are increasingly recognizing the potential upsides and downsides of digital currencies.
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 […]
Bitcoin futures debut with 26% rally, trigger Cboe trading halts.
The cryptocurrency hype train obviously has no brakes. But could it eventually replace cash in the US? According to the thinking of economists cited by the Bank for International Settlements, it just might. And to the chagrin of the anti-establishment types that fueled bitcoin’s early rise, it will likely be run by the Federal Reserve.
There are more ways to pay for goods and services now than ever before, and as such paper money seems increasingly old-fashioned.