2016 September

Econimist Ken Rogoff: It’s Time to Reduce Physical Cash

Harvard professor and renowned economist Ken Rogoff has said that to tackle tax evasion and illicit activities the amount of physical cash around the world needs to be reduced. Speaking to CNBC, Rogoff said that cash provided the ideal avenue for tax evasion. He said: The evidence, I think, is overwhelming that that is a […]

Some Economists Really Hate Bitcoin

The vast majority of economists seem to have a serious distaste for Bitcoin. Whenever an economist who has received a Nobel Prize, teaches at an Ivy League school or works at a central bank comments on Bitcoin, they always seem to have something negative to say about the technology. Some of these individuals simply say […]

Bitcoin-Based, Peer-To-Peer Insurance Company Teambrella Releases Pre-Launch Demo Version

Teambrella, the innovative Bitcoin-based peer-to-peer insurance company, recently released a demo-version of its service. In anticipation of the product launch, anyone can now experience what Teambrella will look like and test how it will work. To gauge the process on Teambrella, Bitcoin Magazine spoke with Alex Paperno, one of three developers behind the project. The […]

Economists Propose a Digital Currency for Scotland, Backed by Scottish Parliament and Banks

Economists at Strathclyde University in Glasgow, Scotland, have warned that Scotland’s financial sector needs to accelerate its adoption of technology to avoid a future banking crisis. According to the economists, adopting leading-edge fintech could create 15,000 jobs in Scotland over 10 years and failing to do so would have the opposite effect. “Fintech is evolving […]

Wells Fargo Sales Scam: What Does It Say about the Banking System?

No matter what government regulators propose, corruption continues to plague the banking system. Today’s headline news of a record settlement against Wells Fargo shows how much good the Dodd-Frank Wall Street Reform and Consumer Protection Act has done for the average bank consumer.   Signed into law in 2010, Dodd-Frank was supposed to prevent the […]

Bitcoin Could See Credit Card Companies Sweating, Says Bank Report

A recently published bank report by Spanish banking giant Banco Santander is foreseeing a future wherein – if bitcoin is adopted in the mainstream – the fundamental business model of credit and debit card companies could be uprooted.   The post Bitcoin Could See Credit Card Companies Sweating, Says Bank Report appeared first on CCN: […]