Financial regulators in 25 states have given their blessing to the first regulated bitcoin exchange, which opens for trading Monday. As reported by re/code, the exchange is run by Coinbase, and arrives on the heels of the Winklevoss twins’ — dare we say, Winklevii — announcement that they hope to open their own regulated exchange for bitcoin.
The portion of the 3.5 million jobs added to the economy since mid-2009 that pay between $38,000 and $68,000, nowhere near the number lost during the recession. In a new series, the Associated Press explores the role technology plays in “hollowing out” of middle class jobs.
How much the FHA estimates home buyers will save when it lowers the rate it charges to insure mortgages by half a percent. FHA loans are popular with first-time homebuyers because they require a smaller down payment. Some say the change will likely help only some home-hunting rookies.
The portion of borrowers using income-based repayment with their federal student loans at the end of last year, nearly doubling the year before. The New York Times’ Upshot traces the rise of these types of loans, and how they’re combatting the country’s record $1.1 trillion in student loan debt.
How much, on average, the top 1 percent of Americans earn a year. But not all 1 percenters are created equal. A new study shows that income gap is narrower in states where wages are rising for the bottom 99 percent.
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