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How the Rich Get Richer


Davide Malacrino is an Economist in the Research Department of the International Monetary Fund (IMF). ______ Wealth begets wealth. This simple concept of privilege has added to growing discontent with inequality that has escalated under the shadow of the COVID-19 pandemic. A paper co-authored this...

Crypto-Keen Chinese Giant-Owned 200 YO Bank Lures BTC-Hungry Rich Investors


More than 200-year-old German lender Hauck & Aufhäuser (H&A), owned by the crypto-keen Chinese conglomerate Fosun, about to offer a new product to high-net-worth individuals and professional investors, looking to invest in cryptoassets. The bank said it is teaming up with the Berlin-based...

Onchain Data Shows Rising Bitcoin Whale Index Surpassing 4-Year High


Onchain analytics from the research and analysis firm Glassnode shows that the number of bitcoin whales (addresses with at least 1,000 bitcoins) has surpassed 1,900 clusters. The number of network participants in terms of 1,000 coin whales hasn’t been this high since 2016. Seven-day trailing...

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