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According to estimates released today by the U.S. Census Bureau’s American Community Survey (ACS), the median household income in the United States fell by 0.8 percent in 2022. The median household income last year was $74,755, adjusted for inflation. Despite the median household income being adjusted for inflation, the dip is an indication of why…
” Marathon Digital bungles crypto impairment sums, will reissue financials “ Bitcoin (BTC) miner Marathon Digitial will reissue a number of previous financial statements after the Securities and Exchange Commission (SEC) pointed out some accounting errors the firm made. According to a Feb. 27 SEC filing, Marathon will restate its unaudited Q1, Q2, and Q3…
” Two Bored Apes sell for $1M each: Nifty Newsletter, Nov. 23–29 “ In this week’s newsletter, read about how two Bored Ape nonfungible tokens (NFTs) sold for almost $1 million during the bear market and how the word “metaverse” made it into the top three finalists for Oxford Word of the Year. Check out…
” The metaverse is a new frontier for earning passive income “ When new technologies and platforms are created, there are incredible discovery phases in which economic activity eventually picks up and starts taking shape. The metaverse is arguably in that discovery phase, with many entrepreneurs finding ways to earn passive income on it. As…
” Indian crypto trading volumes slump following hefty taxes “ Trading volume on three major Indian crypto exchanges plummeted 72.5% on average since July 1, when a 1% tax per transaction was enforced in the country. The Tax Deducted at Source (TDS) came into effect on July 1 and appears to have negatively affected traders…
” CeFi interest on the wane: Will BlockFi, Ledn and Nexo rates trend lower? “ Generating a yield on crypto is increasingly tricky. The Terra ecosystem implosion — where up to $50 billion was wiped out — led to a decline in decentralized finance (DeFi) protocols offering interest. At the other end of the table, centralized…
“Joe Biden to propose ‘billionaire’s tax’ on richest Americans: report” The Biden Administration is poised to announce a new tax on the wealthy that could send Elon Musk into orbit. Biden’s “Billionaire Minimum Income Tax” proposal would set a 20 percent tax rate floor on Americans worth more than $100 million — hitting not only…
“# Can crypto be used to prove financial independence for travel visas? ” For international travelers still able to cross borders amid an ongoing pandemic, using cryptocurrency to prove they have the means to sustain themselves abroad is a relatively new concept. Many countries around the world are closed to visitors in an effort to…
“#Young, working Canadians face a dilemma: eat, or pay the bills?” A few months ago, Alex Fecioru was working two jobs, both of which aligned with his long term goals. He spent half his time mixing live music at a local Eastern European music venue, and the rest freelance sound editing on the side. That…
“#Facts Trump Dems’ claims on Donald’s economy” When President Donald Trump took office in 2017, economists around the world had accepted the fact that the US economy had entered the “new normal” where economic growth would be low, and wage growth nonexistent. Trump’s team argued that deregulation, trade policy and tax cuts could bring us…