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Cryptocurrency and what lies ahead for banking and finance

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My name is Steve Sorensen, CPA. While being an accountant is my job, my passion lies with helping people with their finances by giving advice and discussing about the latest banking and financial trends. Image source: ethnews.com Today, I want to put the spotlight on one of the most popular (some would say infamous) financial and technological trends in recent times – cryptocurrency. The favored son of blockchain technology, no other technological breakthrough has held as much promise and controversy as cryptocurrency. The main issue for traditionalists is quite obvious – cryptocurrency does away with banks. This brings me to the second Steve Sorensen point – how has cryptocurrency affected global banking as a whole? Theoretically, fractional-reserve banking will shoulder most of the brunt of the changes brought about cryptocurrency. Financial experts foresee a shift to the overall number of credits given, which may threaten the stability of banking as a whole. Howe
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Seven tips to help you generate more income amidst COVID-19

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Image source: fool.com Many employees lost their jobs or have their work on hold due to the global health crisis that is COVID-19. With majority of the industries working from home, there is an opportunity to make more money from online gigs. Online tutoring has been quite a stable industry for many years. Now that more students are using computers for learning, tutoring sites have job openings for those who are interested in teaching kids. Market your career expertise . Digital marketers, writers, and editors can sell their expertise on LinkedIn and other network building platforms. During these times, people are inclined to learn new skills and are willing to pay huge money to experts who can share their best practices. Steve Sorensen embezzlement . Image source: nursebuff.com Take online surveys . Brands and research groups are looking for individuals who can share their opinions on topics and are willing to spend a few minutes answering surveys. It’s not a h
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Swindler’s list: History's biggest swindlers

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The allure of wealth and financial freedom has always been the goal of most people since the dawn of currency. Today, people can accrue money by working, but most people don’t earn enough to get rich, or at least to become rich enough not to worry about their finances. This is why there are swindlers who employ financial scams. People who are always looking for ways to earn money in the easiest and quickest way possible are prime targets for swindlers, and history has several big names to use as examples. Here are some of the biggest swindlers in the country. Steve Sorensen Embezzlement. Charles Ponzi Charles Ponzi is the father of the Ponzi scheme. What started as a legitimate business ended up as the foundation of the pyramid scheme. Basically, he used money from new investors to pay his old investors who end up re-investing on his business. At the height of his career, Ponzi was earning one million dollars per day. Steve Sorensen Embezzlement . Lou Pearlman Lou Pearl
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