chris

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Bank of America: Bitcoin Will Be 'Serious Competitor' to Cash | Inc.com

For the first time since the mysterious Satoshi Nakamoto created Bitcoin in 2009, a major Wall Street bank has issued an opinion on the cryptocurrency--Bank of America is betting on Bitcoin's legitimacy, according to a report released today.<p>Bank of America Merrill Lynch claims Bitcoin may "emerge …

Bitcoin

MELTDOWN: BITCOIN CRASHES TO $576

Currently, Bitcoin is back to the $700 level. This is still down a whopping 35%.<p>The sharp moves come in the wake of China's clampdown on the controversial digital currency.<p>Earlier this week, the People's Bank of China announced it was barring the country's banks from handling the Bitcoin. (That …

Pope Francis' latest cool confession: He was a bouncer

Pope Francis revealed that he once worked as a bouncer at a nightclub in Buenos Aires — and it's starting a big conversation on social media, calling Francis the coolest pope ever.<p>Jon Favreau (@jonfavs) tweeted a suggestion for an off-beat dramedy about the pope as a bouncer: "Heaven can wait, and …

Bitcoin value soars above $1,000 on Mt. Gox exchange

The digital currency's rapid rise in value -- one Bitcoin traded for around $200 in November -- underscores its increasing popularity.<p>The dollar value of a single Bitcoin is on the rise.<p>Mt. Gox, a popular exchange for Bitcoin traders, has seen the conversion rate on its service explode over the …

Cryptocurrency

State successes show ACA can work

With all the waves of bad news about the Obamacare website and the canceled policies, it would be easy to conclude that nothing in this law will ever work — that it’s just too big and complicated and messy.<p>But that’s not the complete picture of the Affordable Care Act rollout. There are a few …

The Vatican's Journey From Anti-Communism to Anti-Capitalism

The pope's strong condemnation of income inequality and free markets shows how much has changed in the Catholic Church since the Cold War.<p>Reuters<p>Pope Francis is once again shaking things up in the Catholic Church. On Tuesday, he issued his first “apostolic exhortation,” declaring a new enemy for …

Pope Francis calls for powers to be stripped from Vatican

Pope Francis says "excessive centralisation" complicates the Church, in his first "apostolic exhortation", but avoids controversial issues such as women priests and abortion<p><b>The Pope</b> has outlined his vision for the future of the Catholic Church, call for powers to be stripped from the <b>Vatican</b>, …

Christianity

What the Brosurance and Creepy Uncle Sam Ads Don't Get About Millennials

Obamacare's biggest fans and staunchest enemies are desperately trying to get their message to young folks—and boy are they failing.<p>There’s a term that those in the health-care conversation use to describe my age group. Ordinarily, we’re known as Millennials, Generation Y, or just plain “young …

Officials: Slower health spending growth may boost jobs

The new report reflects studies that show lower-than-normal increases in health care costs and spending.<p>WASHINGTON — Buoyed by a report showing that health care spending has risen by the lowest rate ever recorded, White House officials said Wednesday a continuation of the trend could lead to more …

Boozy Cures for the Common Cold

Steel yourself against cold and flu season with boozy, steaming-hot drinks that double, however arguably, as preventive medicine<p>Feel a cold coming on? Make yourself a drink. When made with flu-fighting ingredients like honey, ginger, herbal tea, and chiles, cocktails can help you beat your winter …

Alternative Medicine

As Bitcoin prices surge past $750, a new high, U.S. agencies set to argue in favor (updated)

Bitcoin prices have exploded over the past week, and just in time: Federal agencies are gearing up to defend the digital currency’s legitimacy in a Senate hearing today.<p>The United States Department of Justice and Securities and Exchanges Commission will argue in favor of Bitcoin’s viability, with …

Bitcoin hits $700 high as Senate stages hearing on virtual currency

US officials discuss 'potential to promote more efficient global commerce' but acknowledge 'challenges to law enforcement'<p>Bitcoin hit new highs on Monday, as the Senate held its first hearing on the controversial virtual currency.<p>The currency topped $700 on the MT Gox exchange, where it is traded, …

Xbox One Vs. PS4: The Console Wars Are Just Getting Started

It’s quite possible that all that momentum Sony's had leading up to the launch of the PS4 will dry up now that the machine is in the wild. System issues, faulty HDMI ports, and a real lack of compelling first-party games all work against the next-gen console.<p>Meanwhile, the Xbox One is still out of …

Associated Press News

Why the Chromebook pundits are simply out of touch with reality

Advertisement<p>75 Comments<p>Credit: Google<p>The Chromebook(s goog) pundits have their heads in the sand again. In the past week, I’ve read not one, but two …

New York State considers licensing Bitcoin traders

On Friday, the New York State Department of Financial Services announced it will be holding a public hearing on virtual currency regulation, specifically considering whether a certification called "BitLicense" might help manage the spread of online currencies like Bitcoin. The new license would …

If Bitcoin Is So Secure, Why Have There Been Dozens of Bitcoin Bank Robberies And Millions In Losses?

Bitcoin.org, the semi-official voice of the Bitcoin community, says "the whole system is protected by heavily peer-reviewed cryptographic algorithms like those used for online banking. No organization or individual can control Bitcoin, and the network remains secure even if not all of its users can …

Bitcoin

Bitcoin Companies and Entrepreneurs Can't Get Bank Accounts

In the first week of July, Jay Shore got bad news. U.S. Bank and Chase informed him they were closing the accounts for his company, Coinabul, a San Diego-based precious metals buyer that sells silver and gold for Bitcoin. They didn’t want to house his half-million dollars. Chase was mum on the …

France Rethinks The Sanctity Of Its Day Of Rest

There's a fight going on for the soul of France. Since 1906, Sunday has been deemed a collective day of rest in the country, and French law only allows stores to open on Sundays under very specific conditions — for example, if they're in a high tourist area. Sunday work is also tightly …

Watchdog: Koch-Backed Group Bending Tax Code

Cit­izens for Re­spons­ib­il­ity and Eth­ics in Wash­ing­ton, the cam­paign fin­ance watch­dog, is call­ing on the IRS to in­vest­ig­ate Free­dom …

Conscience

Koch Brothers' Groups Pay $1 Million for Not Disclosing Contributions

This article is from the archive of our partner .<p>Two dark money groups linked to conservative billionaire brothers Charles and David Koch have paid a …