Fiat money will lose its significance to gold and the cryptocurrencies in the next twenty years, said Robert Kiyosaki, bestselling author of “Rich Dad Poor Dad” and his latest ,”Why The Rich Are Getting Richer.” The self-proclaimed gold bug is one of few investors to be bullish on both bitcoin and gold, noting that the […]
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The SEC is scrutinizing Ether, second only to bitcoin in value, to determine if it should be considered a security; the decision could affect other digital currencies launched through initial coin offerings. The second most valuable cryptocurrency behind bitcoin, Ethereum, is under regulatory scrutiny by the Securities and Exchange Commission (SEC), which is considering whether […]
A recent analysis of American debt revealed a startling shift: Borrowers between the ages of 45 and 74 now owe more money in education-related debt, on average, than do younger college graduates. People under age 35 with student debt owe $32,900 on average, according to data from the Fed’s 2016 Survey of Consumer Finances. That […]
The co-Founder of Nuo, Varun Deshpande announced on twitter that they are opening a bank in Singapore. This is not just a normal bank but a virtual bank for cryptocurrencies. He also stated that they will open an ATM for virtual digital money as well. They are also introducing a new technology- Advanced Robotic Account […]
Basic income will be widespread by the 2030s, according to Google futurist and director of engineering Ray Kurzweil. Kurzweil is known for making seemingly wild predictions. In 2016, he predicted that by 2029, medical technology will add an extra year to human life expectancies on an annual basis.
It seems Mastercard is gradually softening its stance on cryptocurrency, after CEO Ajay Banga downplayed non-government mandated digital currencies as “junk” back in October last year. In a conversation with Financial Times, Ari Sarkar, Mastercard co-president for the Asia-Pacific region, said the company is open to explore cryptocurrencies created and backed by governments.
The Future of Bitcoin It’s going to be big … or, not. A version of the technology that’s meant to make cryptocurrency payments faster and cheaper went live Thursday.
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? […]
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.