One week after California lawmakers passed a bill that would update currency laws and thus effectively legalizing bitcoins, digital currencies and other alternative currencies, Democratic Governor Jerry Brown signed the bill into law. Signing the legislation placed on his desk Saturday, the measure will eviscerate the hindrances that bitcoin and other peer-to-peer decentralized virtual currencies […]
Archives for June 2014
Newspaper retracts, apologizes for endorsement of Obama in 2008
Six years into his administration and a lot of people in the United States today regret casting a ballot for the struggling Commander in Chief. A poll earlier this year found that nearly three-quarters (71 percent) of voters “regret” voting to reelect President Obama in 2012. Well, it seems some newspapers are also lamenting their […]
Jim Rogers: ‘Depressed’ palladium one of best commodity investments
Jim Rogers, financial guru and founder of Rogers International Commodity Index (RICI), believes the “supercycle” of the commodities market will continue to push ahead, while “depressed” palladium remains one of the best investment picks in the sector. Speaking in an exclusive interview with the Bullion Desk late last week, Rogers discussed how most bull markets […]
Week in Review: Jun. 23 – Jun. 29
In case you missed any of this week’s articles, here is a round-up of some of the most read pieces written by the Economic Collapse News staff: U.S. map looks at largest companies by revenues in each state Mainstream investor predicts sovereign debt market bubble will burst in 2016 (hot) 15 ways it has become […]
CFPB to take active role in bitcoin development activities
As a growing number of businesses and consumers turn toward digital currencies, they are getting more attention from the United States Consumer Financial Protection Bureau (CFPB). In a recent report by the Government Accountability Office, it was proposed that the bureau needed to take on a more active role in developing policies for digital currencies. […]