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| December 12, 2018

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Daughter of India’s Richest Man Plans Star-Packed Wedding

December 11, 2018 |

The daughter of India’s richest man is about to say “I do” and she’s invited some of America’s most recognizable names in business, politics, and entertainment to help her celebrate. Per USA Today , Isha Ambani’s guest list includes Beyoncé , Hillary Clinton and Arianna Huffington. The wedding will take place in…
Newser

CNN

Beyonce performs at pre-wedding party for daughter of India’s richest man

December 11, 2018 |

Chartered jets arriving in Udaipur for Indian heiress Isha Ambani’s wedding contributed to a four-fold increase in flight traffic at the city’s airport Saturday. The next day, celebrity guests were treated to an intimate private concert by Beyoncé.
CNN.com – RSS Channel – World

5 Richest Counties in US Have Something in Common

December 10, 2018 |

New numbers from the US census show that the median household income for counties around the nation is $ 57,652, reports US News & World Report . Some counties, however, do far better than others. Witness the top five, which share a common trait: They’re all around the DC area: Loudoun…
Newser

Midterm winners make history on Election Night, from youngest woman elected to Congress to richest governor

November 7, 2018 |

From one state’s first elected female senator to the richest governor ever, here’s a look at a handful of candidates with historic wins.
FOX News

The Daily: Whales Join China’s Richest Ranks, Seniors Take a Swing at Bitcoin

October 11, 2018 |

The Daily: Whales Join China’s Richest Ranks, Seniors Take a Swing at Bitcoin

In today’s edition of The Daily, we look at the cryptocurrency entrepreneurs who now rank among the richest people in China, the limited return to operations of 1Broker, and a rather amusing attempt to explain Bitcoin to older folks by the AARP.

Also Read: London’s LBX Launches Solution for Bank-Shunned Crypto Companies

China’s Wealthiest Whales

The Daily: Whales Join China’s Richest Ranks, Seniors Take a Swing at BitcoinThe Hurun China Rich List 2018, the Chinese answer to the Forbes 400, was released on Wednesday and for the first time includes a total of 14 people working in the cryptocurrency space. This is the 20th annual ranking of the richest individuals in China, with a wealth cut-off of 2 billion yuan ($ 290 million). A total of 1,893 individuals made the list this year.

Two Bitmain executives — Zhan Ketuan (95th place with 29.5 billion yuan), age 39, and Jihan Wu (204th place with 16.5 billion yuan), age 32 — led the way. The third Chinese crypto whale, 41-year-old Binance founder Zhao Changpeng, took 230th place on the list at roughly 15 billion yuan. The report also noted that the blockchain industry is now officially the fastest-growing source of billionaires in China.

Other well-known crypto personalities on the list include Okex’s founder Star Xu, with 10 billion yuan, who took 354th place, as well as Leon Li of Huobi, who was ranked 556th, with 7 billion yuan.

1Broker to Start Processing
Withdrawal Requests Today

Marshall Islands-registered contracts-for-difference broker 1pool Ltd., which operates the 1Broker brand, has announced that the company will revive some if its functions today. The team tweeted that they will start processing clients’ withdrawal requests at 12:00 (UTC).

Three U.S. agencies took action against the international, bitcoin-funded securities dealer last month, including seizing its website domain for a period. The U.S. authorities alleged at the time that an undercover special agent with the Federal Bureau of Investigation “successfully purchased several security-based swaps on 1Broker’s platform from the U.S. despite not meeting the discretionary investment thresholds required by the federal securities laws.”

‘A Bunch of Computer Code’

The Daily: Whales Join China’s Richest Ranks, Seniors Take a Swing at BitcoinIt can be very difficult to explain the invention of cryptocurrency in a sentence or two, given that it’s a topic involving cryptography, computer science and economics. This is particularly true if one is trying to reach an audience that might be frightened or put off by new technologies and unfamiliar terms.

The AARP (formerly the American Association of Retired Persons) published a glossary of “Wall Street buzzwords” this week to help senior citizens improve their financial literacy and cut away the confusion when talking with high-finance big shots. But the list took a somewhat funny swipe at Bitcoin, while echoing some particularly tired tropes.

The glossary defines Bitcoin as “a bunch of computer code that a bunch of criminals, idealists and speculators agree is worth ‘real’ money. Sadly, its real-money value swings widely, making it impractical except for criminals, idealists and speculators.”

The AARP also defines Blockchain as: “1. A different bunch of computer code containing an unalterable record of a series of transactions. The most famous is a digital ledger recording all bitcoin transfers. 2. A word often uttered by companies hoping to snare investors’ attention — and dollars.”

The rest of the terms were also written in a comical way. For example, one entry defines an ETF as “marry a mutual fund to a stock and this is their baby.”

What do you think about today’s news tidbits? Share your thoughts in the comments section below.


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The post The Daily: Whales Join China’s Richest Ranks, Seniors Take a Swing at Bitcoin appeared first on Bitcoin News.

Bitcoin News

‘Gambling Mecca’ Is About to Become Richest Place on Earth

August 10, 2018 |

A “gambling mecca” is set to oust Qatar as the richest place on Earth, per the International Monetary Fund’s newest stats. Bloomberg reports that the IMF’s World Economic Outlook database has pegged Macau as the planet’s wealthiest place, with its economy on track to reach the equivalent of $ 143,116…
Newser

Jeff Bezos becomes the richest person in modern history, topping $150 billion

July 16, 2018 |

Jeff Bezos is the richest person in modern history.

The Amazon.com Inc. founder’s net worth broke $ 150 billion Monday morning, according to the Bloomberg Billionaires Index. That’s about $ 55 billion more than Microsoft Corp. co-founder Bill Gates, the world’s second-richest person.

Bezos, 54, has…


L.A. Times – Business

Move Over, Buffett. There’s a New No. 3 on Richest List

July 8, 2018 |

Facebook shares climbed 2.4% on Friday to a record $ 203.23, reports Bloomberg , a performance fine enough to vault founder Mark Zuckerberg past the vaunted Oracle of Omaha on the list of the world’s richest people. The surge put Zuck at a net worth of $ 81.6 billion, which…
Newser

Nation’s Richest Doctor Set to Buy LA Times

February 7, 2018 |

The Los Angeles Times is on the verge of a sale that would take it from its Chicago-based parent company and put it in the hands of a local billionaire doctor, a person with knowledge of the deal tells the AP . Dr. Patrick Soon-Shiong is expected to pay Tronc Inc….
Newser