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.
Continue reading… “Will cryptocurrencies trash cash? ‘Fedcoin’ could do it”
There are more ways to pay for goods and services now than ever before, and as such paper money seems increasingly old-fashioned.
Continue reading… “Cash is quickly becoming obsolete in China”
Japan has risen above the U.S. in the worldwide rankings for the largest bitcoinexchange market. The country now accounts for roughly 48 percent of the global market share, reaching a high of 51 percent over the weekend.
Continue reading… “The US is no longer the world’s largest Bitcoin market”
Today’s artificial intelligence (AI), most experts will agree, is still far from what’s called a general AI — one that can perform any task human beings are capable of. Yet, despite limitations, AIs have become rather powerful — at least enough to beat human beings in their own games, or even to take over performing certain tasks in a number of industries. In Canada, AI is gearing up for a new role: Horizons ETFs Management, Inc. is preparing to launch the Horizons Active A.I. Global Equity ETF on November 1.
Continue reading… “The world’s first AI exchange-traded fund is set to run in Canada”
With the cryptocurrency market cap now estimated to be in the hundreds of billions of dollars and a sort of familiar frenzy kicking into overdrive, here’s another reminder that widespread adoption by the U.S. public has not yet materialized.
Continue reading… “Most Americans remain blissfully unaware of the blockchain revolution”
Stockton, California Mayor Michael Tubbs is leading the charge on a basic income experiment in his recovering town.
Russia and China see a new way to completely control their financial systems.
Continue reading… “Authoritarian cryptocurrencies are coming”
In a remarkably frank talk at a Bank of England conference, the Managing Director of the International Monetary Fund has speculated that Bitcoin and cryptocurrency have as much of a future as the Internet itself. It could displace central banks, conventional banking, and challenge the monopoly of national monies.
Continue reading… “IMF head forsees the end of banking and the triumph of cryptocurrency”
Distressed Communities Index
Economic prosperity is concentrated in America’s elite zip codes, but economic stability outside of those communities is rapidly deteriorating.
Continue reading… “The large parts of America left behind by today’s economy”
Bitcoin is on an ever-upward trend lately. Today, the world’s first and most popular cryptocurrency is flirting with $4,500 in valuation. Bitcoin is now more than three times more valuable than gold., and, according to one expert, Ronnie Moas of Standpoint Research, we are still only at the tip of the iceberg.
Continue reading… “Expert predicts bitcoin will be worth up to $20000 in the next three years”
Wells Fargo has started an initiative to cut expenses by $2 billion by the end of 2019 and that is done partially by eliminating 450 branches across the country. They originally operated the largest branch network in the United States, with almost 6,000 locations.
Continue reading… “Wells Fargo closing 450 branches nationwide”
SHANGHAI — There is an audacious economic phenomenon happening in China.
It has nothing to do with debt, infrastructure spending or the other major economic topics du jour. It has to do with cash — specifically, how China is systematically and rapidly doing away with paper money and coins. Continue reading… “In Urban China, cash is rapidly becoming obsolete”
By delving into the futuring techniques of Futurist Thomas Frey, you’ll embark on an enlightening journey.
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