Banking’s worst nightmare is here

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We’ve seen enough. We’re going BIG on the death of big banking.

If you’ve ever had to spend time at a bank opening a simple checking account, or even worse—closing a bank account—you won’t be surprised to hear that Americans are abandoning traditional branch banking by the millions.

Even bank executives concede the massive shift in their business.

Deloitte reports that 3 out of 4 banking executives agree that their work is going to drastically change over the next 3-5 years due to digital business trends.

But even they aren’t prepared for what’s coming…

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Bird is the fastest startup ever to reach a $1 billion valuation

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Electric scooter startup Bird is the fastest company to reach a valuation of $1 billion.

Bird, one of many scooter startups currently sweeping the US, was last valued at $400 million after closing $100 million in series B funding in early March. In late May, Bird was reported to be raising $150 million in series C funding led by Sequoia Capital, at a $1 billion valuation.

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Bitcoin sees Wall Street warm to trading virtual currency

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SAN FRANCISCO — Some of the biggest names on Wall Street are warming up to Bitcoin, a virtual currency that for nearly a decade has been consigned to the unregulated fringes of the financial world.

The parent company of the New York Stock Exchange has been working on an online trading platform that would allow large investors to buy and hold Bitcoin, according to emails and documents viewed by The New York Times and four people briefed on the effort who asked to remain anonymous because the plans were still confidential.

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Experts May Have a Viable Alternative to Universal Basic Income

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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? Whether or not Universal Basic Income (UBI) will be the “social security net of the future.”

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Bitcoin is the total opposite or a Ponzi scheme- here’s why

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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 pay the earlier backers. For both Ponzi schemes and pyramid schemes, eventually there isn’t enough money to go around, and the schemes unravel.” — Investopedia

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Why your bank hates you for loving bitcoin

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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 understand and use money is real. But the big question is why are banks and governments so steadfastly against it?

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