TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
The U.K.’s Financial Conduct Agency recently fined Merrill Lynch $45 million, once again sparking concerns over the massive derivatives market. The wealth management division of Bank of America failed to report more than 68 million derivatives transactions dating all the way back to 2014. It had already been forced to pay $20 million in 2015 for an earlier offense. Despite Read More…
The big boys, Apple and Google, are now actively developing a payment API for cryptos to use within their browsers. This is a double-edged sword and possibly indicates a shift in tax policy. I don’t trust either Apple or Google at all. The news from Coindesk about Apple and Google developing a payment API on the heels of multiple Read More…
Credit-reporting company Equifax shocked investors, and more than a third of America, when it announced on Thursday afternoon that hackers had breached its data systems, compromising the personal information of approximately 143 million U.S. consumers. The information accessed “primarily includes names, Social Security numbers, birth dates, addresses and, in some instances, driver’s license numbers.” In other words, pretty Read More…
Alcohol was once illegal in the U.S. – that’s almost too hard to comprehend, but it happened less than 100 years ago. Prohibition didn’t stop people from consuming booze, it simply made it harder to get, which attracted the attention of criminal parties and jacked up the price. Remember this valuable lesson: The market will Read More…
With 60% of stocks now being traded by bots that fake each other out in order to create buying opportunities, stock exchanges have lost their connection to the reason markets are created in the first place. The exchanges no longer exist as places for people to buy and sell ownership in a corporation. They exist Read More…
Just one year ago, blockchain technologies were largely unknown to 99% of the public, let alone adopted by the business world. Even though much of society is still completely in the dark when it comes to blockchain and the ways in which it will affect society moving forward, one thing has become abundantly clear: blockchain Read More…