Bitcoin Currency Of Choice For Scams And Kidnappings in India

An Indian Bitcoin investor who lost his money in a scam has allegedly kidnapped a trader and demanded Bitcoin ransom as revenge. According to the local news source Indian Express, a man by the name of Deepak, currently in police custody, kidnapped Banur trader Ashu Jain after accruing debts of around six mln rupees. Having purchased Bitcoins he never received, as well as building up stock market debts, Deepak and a crew of accomplices demanded payment in the virtual currency for Jain’s safe…

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Why I Quit Google and Built an App that Teaches Personal Finance to Kids

Kids, Finance

Many of my friends thought I was crazy to leave a great position at Google to help parents and kids learn about money. Maybe they’re right. Building a creative, engaging app to teach financial literacy to kids is challenging. But it’s also important work. Given that many schools aren’t yet teaching personal finance in the classroom, I felt compelled to make this work my mission. I founded Pennybox with a simple yet audacious goal: educate kids and families about money….

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Cheat Sheet: How to Prioritize your Savings and Debt

People always seem have questions about their financial priorities: Should I invest or pay off debt? Save in my work 401(k) or open an IRA? This cheat sheet will tell you. It helps you visualize your financial priorities in the most basic terms. It’s sort of like the previously mentioned “Ladder Method,” which tells you how to prioritize your investments. But this “retirement wrapper,” as Reddit puts it, includes all of your finances in general: debt and emergency funds, too. Plus, it…

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Ransomware Extorted $28 Million in Cryptocurrencies Last Year

On June 22, the Federal Bureau of Investigation presented its annual Internet Crime Report for the year of 2016. The FBI analyzed the victim reports at the Internet Crime Complaint Center (IC3) and used the information from their database to publish the annual study. It is important to mention that, according to the Department of Justice’s research, only an estimated 15 percent of the U.S. fraud victims reported their crimes to law enforcement. The FBI highlighted multiple “hot topics” regarding…

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Bitcoin ETFs: How Do They Work?

One can buy the most popular cryptocurrency, the bitcoin, at any designated bitcoin exchange. But what if one wants to buy and hold bitcoins as a long-term investment like a stock? For those who are excited about the better future valuations of bitcoin, but are less tech-savvy or worry about bitcoin thefts from their digital wallets, the recently announced bitcoin exchange-traded fund (ETF) is a way to go. The increasing popularity and mass adoption of bitcoin just got another shot…

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Do this today and avoid tax-filing stress

Tax Day can be daunting for the procrastinator, and holding off on filing your tax returns until the last possible minute can cost you. This year, Tax Day falls on April 18 instead of April 15 because of the weekend and a holiday (Emancipation Day), but that doesn’t mean you should wait for those extra few days to file. Gathering your documents and receipts, meeting with an accountant and even retaining records for next year can relieve potential stress and…

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The U.S. Government Gives Free Energy Efficient Windows to Homeowners if They Qualify

If your zip code qualifies, The U.S. Department of Energy will  finance energy efficient windows for your family’s home! Thanks to a little-known government program, middle class homeowners in specific zip codes can get $1,000’s in tax credits and rebates to install new energy efficient windows for $0 out of their own pocket.  Find out if your zip code qualifies Millions of Americans who would love to change their old windows don’t realize the government could cover all the expenses….

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Simple Ways to Save Money on Your Electric Bill

Over the past several years, my wife and I have been on a mission to live frugally, reduce our debt load, and rebuild our net worth.  This follows a downturn in the real estate market as well as massive medial bills due to a health crisis that my wife suffered. In a effort to save on electricity, I have been known to go on an “LED patrol” where I look for any LED (the lights that indicate that a device…

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How interest rate increases will impact you

On Wednesday, December 14, the Federal Reserve raised its key short-term interest rate by a quarter-point, from 0.5% to 0.75%, which is still considered low. Most banks then raised their prime rate to 3.75% from 3.5%. It was the second rate hike in 13 months. For most of the last decade interest rates were untouched, in an attempt to improve the economy after the financial crisis. If you applied for a credit card or even a mortgage, these low interest…

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Why you should stop comparing your finances to friends'

Your friends are all flying to Las Vegas for the ultimate bachelorette party. Your Facebook and Instagram feeds are full of expensive cars, lavish gifts, and incredible new brownstones. It’s so easy to give in to the pressure to go along, post along, and purchase along with those around you. After all, you only have one life, so why not live as well as everyone else? Turns out, the fact that you only have one life to live is exactlywhy…

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