Category Archives: Money

Money & finances

4 Reasons Why Your Banking Relationship Is About to Significantly Change

4 Reasons Why Your Banking Relationship Is About to Significantly Change

U.S. Financial Companies As Russia Sanctions Loom

Will Google be your business banker? Think about it: Does your business really need a bank? Or maybe, you should just let Google handle it all.

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Why Alibaba’s Alipay And PayPal Will, And Should, Destroy Physical Banks

Why Alibaba’s Alipay And PayPal Will, And Should, Destroy Physical Banks

Who needs banks? I’m not questioning the basis of our financial system—I’m talking about  physical (high cost, low service) bank branches.

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Digital Cash – A Beginner’s Guide to Anonymous Digital Currency

Bitcoin and Anonymous Digital Cash

Since the early days of Bitcoin when it became popular as the payment option of choice on the ‘darknet‘ and amongst the merchants of marketplaces such as Silk Road, where buyers could browse through listings for a wide range of illegal drugs and firearms, digital currency – and Bitcoin in particular – has earned a reputation amongst the general public as a way to pay for things anonymously over the internet.

In many ways Bitcoin came to be viewed as if it were a kind of digital cash. Of course cash payments have always been the prefered payment method of choice amongst criminals because of its anonymity, but for the same reason it is also valued by regular members of the public who value their privacy and find the constant monitoring and recording of everything we do on the internet by both governments and corporations to be creepy and unpleasant. There are also other similarities between Bitcoin and cash, as with a wallet installed on your own computer you control your own coins and spend them without needing to have an account with a third party like a bank who can then impose charges on you for using your own money or risk your hard earned money on risky ‘casino banking’ trades.

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Getting paid for sharing pics? You might not get wealthy but every bit helps

You might not get wealthy doing it but I will take any extra money I can get.  I share enough pics, so I might as well get something for it and you might as well have the chance too!ban1468ban3

Charlie Shrem to plead guilty to federal charges related to Bitcoin transactions

shremOne of the most prominent names in Bitcoin will plead guilty to multiple federal charges in a New York court next Thursday, September 4th. According to Reuters, Charlie Shrem, an entrepreneur who’s made millions off of Bitcoin, has made a plea deal with authorities regarding charges that he illicitly transacted Bitcoin with users of the underground marketplace Silk Road. Shrem’s lawyer tells Reuters that he will plead guilty to the charge of unlicensed money transmission, which carries a maximum prison sentence of five years. He was also charged with one count of conspiracy to commit money laundering, and one count of willful failure to file a suspicious activity report with banking authorities. Combined, those charges carry an additional maximum sentence of 25 years in prison. It is not yet know if Shrem’s co-defendant, Robert Faiella (who allegedly purchased Bitcoins from Shrem before marking them up for sale on Silk Road), will also plead guilty. Shrem was arrested at JFK International Airport late this past January.


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WiredPay is PayPal’s next competitor

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