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Manhattan District Attorney Cy Vance has been on a mission to end the anonymity of shell companies for years. On Wednesday, Vance testified before the House task force in Washington D.C. in support of passing the Transparency and Law Enforcement Assistance Act, which would require state incorporation forms to disclose the identify of beneficial owners […]

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After proposing rules last year, New York State’s Department of Financial Services has granted a license to bitcoin exchange itBit, allowing the company to immediately begin accepting US customers. This makes itBit the first and only U.S. licensed and regulated bitcoin exchange as a trust charter company in full compliance with New York and federal […]

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Bitcoin, the free-wheeling, scam-infested, “fuck the system” techno-libertarian cryptocurrency, lost the dyed hair and leather jacket. He finally bought a nice suit, shined leather shoes and grew up. On Wednesday night, finance and venture capital firms, bitcoin startups, economic think-tanks, and former government big-wigs gathered to talk bitcoin at the Museum of American Finance. Previous […]

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For our generation, retirement has become a fairy tale that most of our parents are still far from achieving. However, MintLife, the blog of the popular personal finance app Mint, is dead serious. Last week, they quietly posted an infographic, and one particular screenshot of it has been making the rounds on Tumblr. It details the personal […]

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The MtGox Bitcoin Exchange is dead. Their website is a “sorry we’re closed” message. Yesterday they deleted all their tweets. Their old office is empty and their new office is a virtual office — a PO Box with a secretary. The sudden collapse of MtGox has left MtGox investors with nothing and cost 15% for investors on other exchanges in […]

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Just days ago, Brooklyn education and arts space 3rd Ward suddenly went dark. Rumors of bankruptcy and foreclosure spread, though the owners had recently opened new locations in Philadelphia and Brooklyn. The financial woes are presumably linked to the company spending a bit too much on each of these new properties without first properly securing […]

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Knowing about strip clubs and porn is central to a successful career in the financial sector regardless of geographical location, but that’s after work and certainly not during a live telecast from Sydney’s Macquarie Bank like an employee in the background is seen doing. […]

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