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.
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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 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.
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 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 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 Overstock.com and NBA team the Sacramento Kings would accept the digital currency as payment.
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.
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’ […]
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?
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 […]