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carlp • Oct 20, 2023, 1:41 pm EDT

Major Banks Accelerate Closure of Branches Nationwide; BofA Leads with Over 50 Shutdowns in a Single Week

Consolidation within the banking sector continues to accelerate as major financial institutions across the United States are rapidly shuttering physical bank branches, raising concerns among consumers and highlighting the shifting landscape of banking in the digital age. October Bank Closures Based on a recent bulletin released by the Office of the Comptroller of the Currency (OCC), Bank of America has taken the lead in this trend, closing down a staggering 21 branches within the first week of October. Wells Fargo closely followed with 15 closures, while US Bank and JPMorgan Chase reported the closure of nine and three branches, respectively.

3 minutes

arusso • Oct 13, 2023, 12:40 pm EDT

On Ulysses S. Grant and Sound Money

We recently received an email from Lee Bratcher, Founder and President of the Texas Blockchain Council, that we agreed with whole heartedly and wanted to share with our audience. “During the economic downturn of 1873, President Ulysses S. Grant took a firm stand for sound money that positioned the U.S. for our meteoric rise during the turn of the 19th century (Some trivia: Grant’s real first name was Hiram but due to a typo at West Point, they had his name down as Ulysses and from then on he was known as Ulysses). During his presidency, advocates for an easy

2 minutes

carlp • Aug 4, 2023, 10:44 am EDT

FCC Issues Record-Breaking $300 Million Fine

The Federal Communications Commission (FCC) has announced a record penalty of nearly $300 million against a transnational network of companies, which made over five billion auto warranty scam robocalls in a three-month span during 2021. The extensive operation executed a scheme violating multiple federal statutes and FCC regulations, marking the largest illegal robocall endeavor the agency has ever tackled. The illegal operation worked under numerous names, including Sumco Panama, Virtual Telecom, Davis Telecom, Geist Telecom, Fugle Telecom, Tech Direct, Mobi Telecom, and Posting Express. Central to the activity were two individuals, Roy M. Cox and Aaron Michael Jones, both of

3 minutes

arusso • Jul 17, 2023, 12:48 pm EDT

Russia and Southeast Asian Nations Eye De-dollarization in Trade Settlements

In a paradigm-shifting move, Russia is discussing the use of national currencies in trade settlements with 10 Southeast Asian nations, as revealed by Russian Foreign Minister Sergey Lavrov. These nations are members of the Association of Southeast Asian Nations (ASEAN), comprising Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. The discussions come amidst a global push to “de-dollarize” economies and reduce dependence on the US dollar, particularly among nations looking to assert greater autonomy in the global financial landscape. The shift aligns with Russia’s goal of promoting a multipolar world order, a stance the country maintains despite

3 minutes

johnd • Jul 11, 2023, 11:25 am EDT

The Bank of England’s Digital Pound and Its Implications

The Bank of England’s prospective digital pound, dubbed “Britcoin” by Prime Minister Rishi Sunak, heralds a transformative shift in the financial ecosystem, increasing government control over financial transactions. This is according to Susie Violet Ward, a financial analyst, who expressed her concerns on NTD’s “British Thought Leaders” programme. An unprecedented 130 nations are exploring central bank digital currencies (CBDCs), as the Atlantic Council reports, and the BoE is at the forefront of the movement. Still in the deliberation phase, the Bank and the Treasury are examining public opinions about the implementation of Britcoin. If Britcoin becomes a reality, it could

3 minutes

tinam • Jan 14, 2023, 3:54 pm EST

Your Comprehensive Guide; How To Use ByteWallet

ByteWallet is an innovative digital wallet allowing users to manage their cryptocurrency assets easily. With its user-friendly interface, advanced security features, and a wide range of supported cryptocurrencies, ByteWallet has quickly become one of the most popular wallet options for cryptocurrency enthusiasts. This comprehensive guide will show you how to use ByteWallet effectively and get the most out of its features. We’ve got you covered, from setting up your wallet to making transactions. So, whether you’re a seasoned crypto investor or a beginner, read on to learn how to use ByteWallet and start managing your digital assets like a pro.

3 minutes

tinam • Oct 21, 2022, 8:34 am EDT

Why Rising Inflation Represents Another Blow To Basic Financial Privacy For American Citizens

Concerns about higher consumer prices and rising inflation globally are shining the spotlight on how inflation damages financial privacy.

4 minutes

tinam • Oct 10, 2022, 7:45 am EDT

As Hyperinflation Becomes The Norm, Argentinians Place Their Trust In Crypto

Despite a bitter crypto winter in 2022, digital asset adoption continues to take off across Central and especially South America as hyperinflation and various challenges from the COVID-19 pandemic accelerated general digital adoption.  Within South America, Brazil ranks as one of the hottest global markets for Web3 projects. In addition, Colombia’s new president, Gustavo Petro, explained in 2021 how “virtual currency is pure information and therefore energy.”  Amid massive hyperinflation and economic turmoil, Venezuelans, toiling under an oppressive government, have been turning to digital assets like Bitcoin as a fiat alternative.  Even the government itself is trying to get involved.  The nation’s government-invented ‘Petro’ (PTR) cryptocurrency

4 minutes

tinam • Oct 5, 2022, 11:11 am EDT

Robert Kiyosaki Touts Bitcoin As A ‘Buy’ Amid Epic Market Crash Predictions

Rich Dad Poor Dad author Robert Kiyosaki is never shy about sharing his bold and often in-your-face financial predictions.  The notable businessman and author issued another ringing call-to-arms for the “poor to get rich” in an early October 2022 email blast.  He touted buying opportunities he believes will emerge in the coming months and encouraged followers to pay attention to activity by leading financial entities like the Federal Reserve.  Robert Kiyosaki Speaks The Truth Kiyosaki also Tweeted to his 2.1 million followers on October 2nd that investors should buy Bitcoin, gold, and silver if the U.S. Dollar gets more robust based

3 minutes

tinam • Jul 27, 2022, 11:50 am EDT

Byte Federal Bitcoin ATM: How to Use the Best Bitcoin ATM

At the beginning of 2021, there were about 14,000 Bitcoin ATMs around the globe. By the end of the year, there were around 34,000 Bitcoin ATMs. And the market keeps growing. If you want to take advantage of one of these new Bitcoin ATMs, there are many other things to know before you learn how to buy and sell cryptocurrency.  Each different ATM operates differently, but if you are interested in how to use a Byte Federal Bitcoin ATM, keep reading to learn all you need to know.  What Is a Bitcoin ATM? A Bitcoin ATM is just like a regular ATM

9 minutes