Android Pay Adds 60 Banks in a Day

Typical examples of the new financial institutions on Android Pay include the Rock Canyon Bank, the North Texas Credit Union and the Libertyville Savings Bank. The major coup for Alphabet (NASDAQ: GOOGL) here is getting all the credit unions signed up.

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How President Trump can Double the Price of Bitcoin Overnight

Interestingly enough, Trump does not have to actually abolish the $20, $50 and $100 bills to double cryptocurrency prices. All he has to do to float the idea, even if Congress kills it the damage will be done.

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Android Pay Adds International Remittances

WorldRemit might become a major player in the remittance and finance business because it has raised $148 million in venture capital. The next logical step for WorldRemit will be to launch its own digital wallet.

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Cryptocurrency Explosion

• Ethereum’s value increased by 335.6% between May 13 and June 13, 2017. On May 14, 2017 a unit of ether was trading at $89.61 less than a month later it was fetching $388.41 in the open market.

• Ethereum gained $299.96 in value between May 13 and June 13, 2017.

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Android Pay is now in Canada

Two of Canada’s Big Five banks; TD and RBC, are not on the list of those supporting Android Pay. Both institutions support Apple Pay so that’s a real blow to Android Pay north of the border. Interac debit cards are scheduled to start supporting Android Pay on June 5.

Another notable absence is American Express which is supporting Apple Pay in Canada. Amex supports Android Pay in the United States so it should not be long before that card supports it in Canada. This was the second major rollout for Android Pay in a little over a week. The app debuted in Russia on May 23.

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$54 Billion invested in Cryptocurrencies

There is now $54 billion invested in 600 different publicly traded cryptocurrencies, research by City University of London economist Abeer El Bahrawy indicates. El Bahrawy made that discovery while trying to determine the size and scope of the cryptocurrency market, MIT Technology Review reported

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A Few Thoughts on Bubbles, Bitcoin and CEOS

Crytpocurrencies; like the internet in the 1990s, are a great technology with a bright future but people are being over optimistic. Just as it took 20 years for online retail to mature and go mainstream, so it will take 10 to 20 years before cryptocurrencies truly go mainstream. Expect a lot of ups and downs between now and then.

My prediction is that both bitcoin and ethereum will take a big fall real soon. Wait until that happens and buy because they will come back. The technology is good but it is grossly overpriced.

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Limitless Apple Pay Sued, Android Pay arrives in Russia

Android Pay is supported by 15 Russian Banks; including Alfa-Bank, Bank Okrtite, Sberbank, Raiffeisenbank, Tinkoff Bank and VTB24. It will also work with Russian payment services such as ASSIST and Payture.

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$2,200 bitcoin and $182 Ethereum: it’s Bubble Time!!

investors are panicking because they think assets like stocks, bonds and real estate are about to collapse. So they are dumping as much money as possible into highly-liquid assets such as cryptocurrencies. There is some evidence to support this thesis: last month hedge fund billionaire; and former Goldman Sachs partner, Mike Novogratz revealed that he has 10% of his money in ethereum and bitcoin.

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Is Barrick Gold the Best Value in Mining Socks?

If you must invest in a gold company buy Barrick, it is cheap and fairly safe. You may not make a lot of money; ABX is scheduled is to pay a dividend of 3¢ on May 30, 2017, but at least your investment will grow. Barrick Gold shareholders with a return on equity of 18.38% which is more than you can say for most gold miners.

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