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Top banking trends of 2014

April 14th, 2014 at 9:41 am » Comments Off

The rapid expansion in ownership of smartphones and tablet devices make today’s consumer want to research financial services on demand. The banking industry has experienced a strong recovery after one of the worst financial crisis. In the evolving banking landscape in emerging economies, the industry is quickly transforming.    

How rich and poor Americans spend money now and 30 years ago

April 5th, 2014 at 8:04 am » Comments Off

Rent has nearly doubled as a share of a poorer family’s spending. Every year, the Bureau of Labor Statistics tells us what the typical American spends on everything from his rent to his reading material. There’s just one problem. In a country with growing income inequality, the typical American leaves out a lot of Americans.    

Bitcoin: How the digital currency is changing everything

March 19th, 2014 at 8:22 am » Comments Off

Bitcoin Today, the single most prominent, and telling, feature of bitcoin is its massive controversy in the media. Not a single day goes by without an article or televised mention about its dangers, risks, and dubious mainstream appeal.    

How China’s official bankcard is used to smuggle money

March 15th, 2014 at 8:01 am » Comments Off

Chinese government-supported payment card network, China UnionPay. There are a growing numbers of people in China who are using the country’s state-backed bankcards to illegally smuggle billions of dollars abroad, according to a report by Reuters.    

Millennials see financial institutions as irrelevant

March 11th, 2014 at 11:14 am » Comments Off

Millennials are looking for ways to live bank-free in the future. Scratch polled 10,000 millennials to find out which industry was most prime for disruption. The results from the poll found that banks make up four of their top 10 most hated brands, but millennials increasingly viewed these financial institutions as irrelevant.    

Bitcoin is not only digital currency, it’s Napster for finance

February 20th, 2014 at 11:54 am » Comments Off

Bitcoin will start its transformation from a mere currency into an entire open-source. Bitcoin’s valuation didn’t just skyrocket in 2013, but its infrastructure, services, and adoption exploded as well, culminating in recent announcements that major online retailer and NBA team the Sacramento Kings would accept the digital currency as payment.    

Bitcoin and other money fictions

February 4th, 2014 at 11:40 am » Comments Off

Bitcoin What should we be thinking about a currency like Bitcoin? The first thing we should remember is that money is a sort of collective fiction. What money we choose to trust says much about how we see the world.    

There are now 83 (and counting) cryptocurrencies in the world

February 1st, 2014 at 9:05 am » Comments Off

In the cryptocurrency world, Bitcoin (and Litecoin) garner the most attention, but there are now 83 (and counting) virtual currencies to store your wealth in. Bitcoin’s market cap is over $10 billionis and is by far the highest but we wonder whether the miasma of mimiccers – from Unobtainium to the ironically-named StableCoin and from ‘Philospher Stones’ […]

Is China’s credit bubble about to burst?

January 23rd, 2014 at 11:33 am » Comments Off

China’s shadow banks have increased credit from 120 to 190 percent of GDP. A historic credit boom, unregulated lenders promising high, “risk-free” returns, and surging property prices making it all go – is this the U.S. in 2004, or China in 2014?    

Feds are free to sell seized Silk Road bitcoins worth $25 million

January 21st, 2014 at 2:42 pm » Comments Off

The U.S. Marshals will likely auction off the Bitcoins. The online drug bazaar, Silk Road, was taken down this past October by the feds.  Nearly, 30,000 bitcoins in Silk Road’s coffers was seized in the process.  Last week, the Manhattan U.S. Attorney’s office, which is prosecuting the Silk Road case, announced that a judge had […]

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