J.P. Morgan Chase CEO Jamie Dimon has declared that he does not mind paying higher taxes as long as they are used where they are “most effective”. His comment comes as something of a bolt from the blue in the midst of a polarizing debate on whether the highest-earning Americans should be required to pay a top marginal tax rate of 70 percent as proposed by a number of prominent House Democrats. Speaking to CNBC on Wednesday, Dimon said: I believe that individuals earning the most can afford to pay more, and I have no problem paying higher taxes to address
Cameron and Tyler Winklevoss, early bitcoin investors and founders of the Gemini crypto exchange, don’t seem to be deterred by the current market slump. In fact, speaking to Bloomberg recently, Tyler Winklevoss said, “We’re totally at home in winter.” The twins confirmed they are pushing ahead with their firm’s plans, including a new mobile application,
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After what seems like an unnecessarily long bout of teasing, we can finally get our hands on all those lovely Venezuelan Petro.
As Bitcoinist reported earlier this month, the Petro has been finally launched by the Venezuela government. Today, the Vice-President of the Economy announced the release on Twitter with this lovely infographic.
— Vicepresidencia de Economía (@ViceEconomia) October 29, 2018
When combined with other technical tools, pivot points are valued among day traders for their ability to analyze price movement and more.
A UK hospital has begun offering the country’s first cryptocurrency “addiction” therapy as officials say Bitcoin represents a “classic bubble.”
When Checking Price Gets Serious
As local news media outlet The Scotsman reports, Castle Craig Hospital in the Scottish county of Peeblesshire will use techniques from “gambling addiction programs” to treat those who feel they have lost control.
“I see cryptocurrency trading as a way for people to escape from themselves, into another world, because they don’t like the world they’re in,” Chris Burn, a gambling therapist at Castle Craig Hospital told the publication.
Some blockchain applications are solutions looking for problems, but there are other issues that are just begging for help from decentralized technology. Managing and authenticating identity is one of the latter.
Traditional authentication processes in many industries use easily guessable identity questions, forgeable documents and unwieldy manual checks. As such, they are ripe for disruption. Armin Ebrahimi, CEO and founder of the blockchain-based ID management company ShoCard, said that the real challenge is focusing the lens.
“There are so many areas where solutions can apply; one of the challenges has been focusing on fewer verticals so that we can do a better job and not spread ourselves too thin,” he said.
Banks in Chile have closed the accounts for three of the country’s cryptocurrency trading platforms, sparking fears of an outright blanket ban in South America’s wealthiest nation.
Chilean Banks Put Cryptocurrency on Ice
Cryptocurrency exchanges Buda, Orionx, and CryptoMarket have filed appeals to a Chilean appeals court following the unexpected closure of their bank accounts from Itau Corpbanca, Bank of Nova Scotia, and state-owned Banco del Estado de Chile. The appeals court has agreed to hear the exchanges’ cases.
The move from the three Chilean banks reflects what appears to be an overarching blanket ban on cryptocurrency exchange accounts in South America’s wealthiest country.