America’s Debt Crisis Could Be Worse than That in Greece

Now for a truly frightening fact they are not telling you: The U.S. government itself is currently underwriting a large portion of that debt. Manuel estimated that around $4.6 trillion, or a little over 25%, of the national debt is in the form of intergovernmental holdings; that is, it is owed by one government agency to another.

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Greek Crisis Shows Limitations and Possibilities of Online Payment Solutions

It looks like Greeks are following the lead of Argentines, who already use Bitcoin to get around their nation’s cumbersome banking restrictions. If the drachma returns, it won’t be long before black money launderers that specialize in converting cash into Bitcoin start flourishing in Greece.

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Questionable Chinese App Files for $300 Million IPO

Momo is free to use, but it also sells digital content, such as apps and advertising. It also offers users a premium subscription service and accounts for business customers. Momo claims to have 180.3 million users, 25.5 million of whom supposedly use it every day. Momo also claims it made $13.9 million in revenue in the first half of 2013, most of which came from 2.3 million membership subscriptions.

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