Hedge Fund Billionaire has 10% of Money in Bitcoin and Ethereum

That means Novogratz might own around $230 million worth of the popular cryptocurrencies. The Forbes 500 named Novogratz as the 407th richest person in the world with a fortune of $2.3 billion.

Read more

Does Square Make Money?

Square (NYSE: SQ) is one of those companies that looks like it would be a great value investment on paper.

Read more

Should Central Banks Adopt Digital Currencies?

The PBOC is in a rush to develop a digital currency because of China’s experience with bitcoin. China is the world’s largest market for bitcoin because the cryptocurrency allows the country’s residents to easily bypass its’ rigid currency controls.

The central bankers apparently hope that issuing their own cryptocurrency will give them some control over the situation. Some control is better than no control which is what they have right now.

Read more

India Moves to Kill Cash

This marks a paradigm shift in India’s economy because it is essentially an effort to force Indians to adopt the kind of electronic currency already widely used in the United States and Europe. The bills withdrawn were the largest denomination currencies issued in India.

Read more