Bitcoin is a cryptocurrency, just like Litecoin or Ether, but with many unique properties that make it much more attractive to some people than others. Each bitcoin is created (or mined) using an encrypted code, which is a string of numbers and letters. The same equation used to create the code can “unlock” it (like a virtual key). Unlike traditional currencies, Bitcoin has no government or central bank behind it. Instead, users secure their money’s value by agreeing on its use through a network of computers called nodes. Once created, the first BTC was sent from Satoshi Nakamoto (guru of Bitcoin) to Hal Finney in 2009 for the equivalent of about $5 USD!
Read more ...Access to credit can help small businesses grow and expand their markets, or it can leave you strapped with unnecessary debt. Whether you’re looking for a loan to buy a needed piece of equipment or an installment plan for a new business, it’s important to ensure that the loan is risk-free and you don’t have to pay interest on the entire amount in order to prevent the growing of unproductive debt. Consumer credit is any financial product that allows users to borrow money, such as credit cards and mortgages. The Bureau of Economic Analysis’s consumer spending accounts for most of the nation’s GDP, and it also includes mortgage payments. The Consumer Credit Trends tool tracks originations for mortgages, credit cards, auto loans, and student loans. It also tracks inquiries for mortgages and credit cards to determine if trends are being sustained or changing. By tracking trends over time, this tool can help warn of potential problems in a given market.
Read more ...According to a report by the Shoresh Institute for Socio-Economic Research written by Professor Dan Ben-David, 50% of Israeli children living in the fast-growing regions of Israel are receiving inadequate education. According to Israeli law, all Israeli state schools must take 80% of the students in their respective communities. During 2008-2012, many schools simply did not enroll the required number of students because they felt they could not offer an adequate education or there simply wasn't enough funding.
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