Paying a wealth tax is just fine for George Soros. He is among more than a dozen billionaires who make up the richest people on the planet and don’t think they’re being taxed enough to cover their fair share. However, they have conditions. They have designated causes as well as the amounts for such a tax. The billionaires have signed a nonpartisan letter to 2020 presidential hopefuls calling for them to create a wealth tax. The request, while seeming to be bizarre, is gaining steam. It’s in line with the thoughts of many Americans who believe the rich, or wealthiest 1
CNBC has long been controversial in the financial news industry. As the leading financial TV media outlet, CNBC often relies on experts who leverage short-term price action to try and predict long-term movements. The phenomenon, which leads to vomiting camel patterns and other shenanigans, has only been amplified by the cryptocurrency market. To highlight the […]
A month after reports revealed that Coinbase was exploring a crypto exchange-traded fund (ETF) through a collaboration with BlackRock (BLK), the firm’s CEO, Larry Fink, has come out to clarify that there is no intention to launch such a trading product at this time. While speaking at the NYT DealBook Conference in Manhattan Thursday, Fink revealed that the firm is […]
Bitcoinist spoke with Yoni Assia, CEO of the largest social trading platform in the world eToro on their latest push to take cryptocurrency mainstream.
Interview with eToro CEO, Yoni Assia
With over 10 million users globally, eToro has become a somewhat of a household name. It is also no secret that the company has been a big supporter of Bitcoin and other cryptocurrencies for a few years now. Its logo is often seen alongside numerous cryptocurrencies almost everywhere in the UK and elsewhere.
Assia explained why eToro is so focused on raising cryptocurrency awareness, why regulation is important for mass adoption, and his opinion on ‘Bitcoin maximalism.’
2018 has been a harsh period for cryptocurrencies prices in general. Prices, in general, have been falling from late January until now, with the usual ups and downs. Nevertheless, as prices and technology rarely come hand-to-hand, during this period we’ve seen some conceptual improvements started being implemented, such as Ethereum side-chains and plasma or Bitcoin’s
Respected economist Professor Steve Hanke has chanted down central banks. While Hanke doesn’t tout cryptocurrency as an alternative, he does say that the world needs fewer central banks because these government-controlled entities are messing up economies and abusing monetary policy, while fueling inflation and loss of wealth.
Central Banks Have Crashed Economies Through Reckless Money Printing
Central banks have come under fire for aiding struggling economies to crash through reckless money creation, thereby fueling inflation. Prominent economist and currency expert Steve Hanke, who played a key role in establishing new currency in Argentina, Estonia, Bulgaria and Ecuador, says the world needs fewer state banks to prevent economic and cash crises.
To Mark Pascall, co-founder of BlockchainLabs New Zealand (NZ) and president of the Blockchain Association NZ, the blockchain space is more than just a new technology layer, it’s a “fundamentally different way for organizations and societies to operate.”
It represents a historical reversal of the movement toward an evermore centralized society.
“The major problem is that without mass decentralization, we get a bigger and bigger wealth disparity between the rich and the poor,” Pascall said in an interview with Bitcoin Magazine.
The post In-alpha-testing crypto-exclusive wealth management app B21 accepts cash via Flexepin partnership appeared first on CoinReport.
As chairman of the board of the Nighthawk Group, an international barter and trade organization involved in other luxury assets, James Bolin possesses a deep knowledge of global markets and commerce. Operating in several countries, Nighthawk and its partners has amassed a global presence that holds major strategic influence on the world monetary stage.
Credit Suisse’s latest estimates indicate that for the first time the richest 1% own 50.1% of all global wealth, a proportion that’s likely to move to the richest 1% owning two-thirds of global wealth by 2030.
World’s Rich Getting Richer
Global wealth inequality had improved between 2000 and the financial crisis of 2007-2008 but the trend since has seen global wealth statistics shifting. The top 1% of individuals have gained a greater proportion of the world’s total wealth.
Projections in a report by the UK Parliament suggest that the world’s wealthiest individuals, the top 1%, will own 64% of global wealth by 2030.
The Court of Amsterdam has found that bitcoin possesses “properties of wealth” following a civil rights case. Dutch repossession laws have been invoked to mandate the repayment of 0.591 BTC obliged by a contract between two individuals relating to bitcoin mining.
Dutch Court Publishing Findings Regarding Bitcoin Mining Contract
Earlier this week, the Court of Amsterdam published its findings in relation to a civil rights dispute between an individual and a private mining company.