According to reports, a Toronto-based online brokerage company backed by Drake is valued at $4 billion. The company, Wealthsimple, received roughly $610 million during its last round of funding. However, Drake isn’t the only famous Canadian investing in the company. Some of the other investors include actors Michael J. Fox, and Ryan Reynolds, in addition
According to reports, House Democrats have approved a bill that would make Washington D.C. the 51st state of the United States. Granting statehood to the District of Columbia would enfranchise 712,000 Americans. “This country was founded on the principles of no taxation without representation and consent of the governed. But D.C. residents are taxed without
According to reports, Nas and his Queensbridge Venture Partners’ investment into the cryptocurrency Coinbase could be paying off soon. The currency is expected to reach over $100 billion in valuation after the stock lists on Wednesday. QVP co-founder Anthony Saleh noted that they were also backers of Robinhood in 2013, along with Dropbox and Lyft,
PayPal co-founder Peter Thiel warned that the United States should enforce tighter regulations on cryptocurrencies during a virtual roundtable. He also expressed his concern that China is using Bitcoin to corrode the U.S. financial system. “Even though I’m a pro-crypto, pro-bitcoin maximalist person, I do wonder whether, at this point, Bitcoin should also be thought
As the minimum wage has remained stagnant at $7.25 an hour for over a decade, Wall Street bonuses have grown 1,217% since 1985. According to the study, the minimum wage would be $44.12 per hour if the pace of minimum wage grew at the same pace as Wall Street bonuses. While the cost of living
The Biden administration just recently signed a $1.9 trillion COVID-19 relief bill this past Thursday, which will help the economy in a major way after the toll the pandemic has taken in the last year. Now, news surfaced noting that Joe Biden is preparing to propose the first major federal tax hike since 1993 in order to
Previously, it was revealed that Tesla was investing $1.5 billion into Bitcoin, and expected to start accepting the cryptocurrency as payment. Now, news surfaced noting that Bitcoin’s value has risen past its all-time high to a value of $60,000. Binance tweeted a chart of where the value was a year ago from March 13, where
Eddie Griffin touches on what Bitcoin was actually used for in its beginning stages and what actually drove Ethereum to drop almost 50% in 24 hours!
