Bitcoin And Crypto-Currency
Treasury Expects To Issue Over $1 Trillion In Debt In 2018 (#GotBitcoin?)
Debt issuance this year could be highest since 2010, the Treasury said, as higher government spending and stagnant tax revenues have pushed the deficit higher. Treasury Expects To Issue Over $1 Trillion In Debt In 2018 The U.S. Treasury Department estimates it will issue more than $1 trillion in debt this…
Foreign Buying of U.S. Treasurys Softens, Unsettling Financial Markets (#GotBitcoin)
Investor pullback has fueled a bond selloff and shaken a nine-year-long rally in stocks. Foreign Buying of U.S. Treasurys Softens, Unsettling Financial Markets (#GotBitcoin) Overseas investors, traders and central bankers are buying fewer Treasurys, a potential turning point for a $15 trillion market at the center of global finance and…
Can Bitcoin Become a Dominant (Reserve) Currency?
Proponents says there’s a consumer need for an alternative currency, while detractors say cryptocurrencies will remain in the hands of mostly speculators. Can Bitcoin Become a Dominant (Reserve) Currency? Bitcoin turns 10 at the end of the month. And over the past decade, there has been no shortage of headlines about…
Fidelity Says It Will Trade Bitcoin for Hedge Funds (#GotBitcoin?)
The firm’s Digital Asset Services unit will deal in bitcoin and ether, the two largest digital currencies. Fidelity Says It Will Trade Bitcoin for Hedge Funds (#GotBitcoin?) Fidelity Investments said it will store and trade bitcoin for hedge funds and other professional investors, becoming one of the first Wall Street…
U.S. Government Deficit Grew 17% In Fiscal 2018 Sets A Record
The federal deficit widened last year amid higher government spending—including rising interest costs on the debt and increased funding for the military—and flat revenues following last year’s tax cut. U.S. Government Deficit Grew 17% In Fiscal 2018 Sets A Record In 2019 (#GotBitcoin?) Tax-law changes led to flat revenue in…
Emerging Field of Social Physics Shows Promise In Cybercrime Detection (#GotBitcoin?)
A few weeks ago I wrote about social physics, a new discipline that aims to help us better understand and predict the behavior of human groups. Social physics is based on the premise that all event-data representing human activity contain a special set of group behavior patterns. As long as…
Poor Cyber Practices Plague The Pentagon (#GotBitcoin?)
Good day, CIOs. Or perhaps we should say, goodbye, because the results are in from a U.S. Government Accountability Office cybersecurity study of the Defense Department's newest weapons systems. They are not encouraging. "DOD likely has an entire generation of systems that were designed and built without adequately considering cybersecurity,"…
The $210 Billion Risk In Your 401(k) (#GotBitcoin?)
Annual defaults on loans taken against investors’ 401(k)s threaten to reduce the wealth in U.S. retirement accounts by about $210 billion when the lost savings are compounded over employees’ careers. The $210 Billion Risk In Your 401(k) (#GotBitcoin?) Annual defaults on loans taken against investors’ 401(k)s threaten to reduce the…
Inheritance Planning For Cryptocurrencies (#GotBitcoin?)
Inheritance Planning For Cryptocurrencies: 3 Steps In 3 Minutes. Inheritance Planning For Cryptocurrencies (#GotBitcoin?) I’ll be expanding these ideas in a forthcoming article and book but with prices skyrocketing, and so many new people owning tokens for the first time, I want to provide a quick reference guide that you…
Cryptocurrencies and Blockchains: How Are They Doing After 10 Years? (#GotBitcoin?)
It wasn’t supposed to have worked out like this. Bitcoin was created about a decade ago, with the release of the original design paper, Bitcoin: A Peer-to-Peer Electronic Cash System, under the pen name of Satoshi Nakamoto. Bitcoin aimed to become a decentralized cryptocurrency and digital payment system that would…
How Dirty Money Disappears Into the Black Hole of Cryptocurrency (#GotBitcoin?)
Journal investigation documents suspicious trades through venture capital-backed ShapeShift. How Dirty Money Disappears Into the Black Hole of Cryptocurrency (#GotBitcoin?) A North Korean agent, a stolen-credit-card peddler and the mastermind of an $80 million Ponzi scheme had a common problem. They needed to launder their dirty money. They found a…
Shoppers Love Rewards Credit Cards. Retailers Hate Them (#GotBitcoin?)
Merchants want the right to reject some rewards credit cards, citing high interchange fees. Shoppers Love Rewards Credit Cards. Retailers Hate Them Consumers have become addicted to credit cards with generous rewards programs. Retailers are trying to cut them off. Large merchants including Amazon.com Inc., Target Corp. and Home Depot Inc.…