Search
UN Report Urges Fed to Suspend Interest Rate Hikes, Presses for ‘Public Spending’ Increases
4.10.2022
The United Nations Conference on Trade and Development (UNCTAD) has warned that the U.S. Federal Reserve’s interest rate hikes and the slew of other central banks raising rates, could pose harm to the global economy. UNCTAD calculated that for every Fed basis point rise, the economic output...
One in Seven Wealthy People Now Owns ‘Digital Assets’ – Survey
15.6.2022
A new report has found that global high-rollers are spending more money than ever on crypto, which has become “an essential part” of rich individuals’ investment portfolios.
The claim was made in a wealth management study from Capgemini, a Paris, France-based IT services and consulting company....
Wealthy Coinbase clients are still 'hodling' Bitcoin since December 2020, data suggests
31.5.2022
Institutions that reportedly purchased 10,939 BTC from Coinbase in December 2020 are not selling yet
Crypto Industry Lobbies Against Bills Targeting Russian Oligarchs Evading Sanctions Using Cryptocurrency
3.5.2022
The crypto industry is lobbying U.S. lawmakers against two bills aimed at preventing Russian oligarchs from using cryptocurrency to avoid sanctions. The U.S. and many other countries placed sanctions on them after Russia began its invasion of Ukraine. Bills Preventing Wealthy Russians From Using...
Ukraine's Wealthy Finding It Hard to Buy Crypto Amid Geopolitical Tension
23.2.2022
US Senator on Crypto: We Need Real Solutions to Make the Financial System Work for Everyone, Not Just the Wealthy
30.12.2021
U.S. Senator Elizabeth Warren has argued that cryptocurrency is not a path to financial inclusion like crypto advocates claim. “Bitcoin ownership is even more concentrated within the top 1% than dollars,” she said, emphasizing the need for “real solutions to make the financial...
‘An Act of War Against the Middle-Class’ — Americans Criticize Janet Yellen’s Idea to Tax ‘Unrealized Capital Gains’
25.10.2021
The 78th United States secretary of the treasury Janet Yellen told CNN’s “State of the Union” on Sunday that U.S. lawmakers are considering taxing unrealized capital gains. According to Yellen, the funds collected would help finance things related to climate and social change....
Vontobel's wealthy clients are interested in crypto, says CEO
28.7.2021
The Swiss bank said some of the firm’s clients are allocating part of their portfolios to crypto
JPMorgan Begins Offering 5 Cryptocurrency Funds to Clients
23.7.2021
Global investment bank JPMorgan has reportedly green-lighted its advisors to provide clients with access to five cryptocurrency funds. The funds are available to all JPMorgan’s wealth management clients seeking investment advice. The move makes JPMorgan the first large bank to expand crypto...
Dogecoin Co-Founder Criticizes Crypto World, States It Is Managed by Powerful Cartels
16.7.2021
In a recent twitterstorm, Dogecoin founder co-founder Jordan Palmer stated he wouldn’t return to the cryptocurrency world. Palmer unleashed harsh criticisms of the cryptocurrency industry, calling it “hyper capitalistic,” and managed by “powerful cartels” of wealthy...
Former pro sailer brokers tax-haven passports for wealthy crypto clients
12.7.2021
Rich crypto investors are purchasing passports in tax havens for less than $200,000
Korean Government Confiscates $47 Million in Crypto From Tax Evaders
24.6.2021
South Korean authorities have identified thousands of tax evaders as part of an intensifying crackdown on tax dodging among crypto investors. Following a prolonged investigation, the government has reportedly seized cryptocurrency worth millions of dollars. Tax Agents Target Wealthy Tax Evaders...
Switzerland’s Largest Bank UBS Mulls Over Cryptocurrency Services
11.5.2021
Swiss investment bank UBS Group is reportedly exploring offering cryptocurrency services to its wealthy clients. UBS joins a growing list of major investment banks that are either already offering or planning to offer crypto investments to their clients, including Morgan Stanley, Goldman Sachs,...
Goldman Sachs to Offer ‘Full Spectrum’ of Bitcoin Investments
31.3.2021
Goldman Sachs has revealed that it will be offering bitcoin investments to its wealth management clients. The investment bank reportedly plans to offer a “full spectrum” of bitcoin investments, “whether that’s through the physical bitcoin, derivatives or traditional...
Boomers Next to Adopt Crypto, a Trillion Dollars Could Flow Into Bitcoin Over the Next Year, Says Novogratz
29.3.2021
Galaxy Digital CEO Mike Novogratz has predicted that as much as a trillion dollars could flow into bitcoin over the next year as wealthy baby boomers get into cryptocurrency. With the example of Morgan Stanley, he says that more banks will start offering bitcoin exposure to their customers....
JMP Securities Expects $1.5 Trillion to Flow Into Bitcoin as Retail Wealth Management Industry Follows Morgan Stanley to Offer BTC to Clients
24.3.2021
JMP Securities has predicted that “$1.5 trillion of incremental capital” could flow into bitcoin, an amount greater than the cryptocurrency’s current market cap. The firm sees more wealth management companies following Morgan Stanley’s example to offer bitcoin to their...
Hyperbitcoinization’s Small Minority: Economist Says Bitcoin’s Growing Success Will Lead to Perverse Consequences
1.3.2021
Last Sunday, the price of bitcoin touched an all-time price high at $58,354 per unit and surpassed a $1 trillion market capitalization. Bitcoin’s value has dipped since then, but the decentralized crypto asset’s market still captures a large $900 billion valuation. On February 26,...
Thailand tourism board targets wealthy Japanese crypto holders
19.2.2021
Well-heeled Japanese crypto holders are being targeted by Thailand’s tourism industry
Dubai Government Licensing Entity Now Accepts Bitcoin for Payments
17.2.2021
A government-owned entity in Dubai has started accepting bitcoin, ether and tether as payment for its services, according to local media reports. Kiklabb is a free trade zone that helps companies set up shop in Dubai, a wealthy city and emirate in the United Arab Emirates (UAE). Kiklabb issues...
Wealthy Bitcoin critic Peter Schiff is soliciting BTC birthday gifts for his son
27.8.2020
Peter Schiff is back at it again