Singaporean Olympic Athletes Earn 20X More Per Gold Medal Than U S Counterparts

According to data acquired by Finbold, Singaporean athletes earn $744,000 for winning the gold medal, $372,000 for the silver medal, and $286,000 for the bronze medal. The gold prize money is at least 20 times more than the $37,500 earned by United States athletes. For silver and bronze medals, U.S. athletes earn $22,500 and $15,000, respectively. Among selected 12 countries, Singaporean athlete earnings rank in the first spot while the U....

December 3, 2022 · 3 min · 542 words · Edith Whittle

Softbank Accounted For 25 Of The Uk S 2019 Fintech Investment Finbold

The Bank’s mega transactions in technology companies have caused jitters among some investors about the valuations of these companies. Commentators also wonder whether the firms in SoftBank’s portfolio have too much money. Last year, the Vision Fund invested $800 million in Greensill. It followed that with $440 million in OakNorth, two London-based business lenders, as reported by industry group Innovate Finance. The two investments accounted for a quarter of the $4....

December 3, 2022 · 3 min · 599 words · Crystal Hunsinger

Study Only 1 In 4 Workers Say Their Employer Is Transparent About Pay Finbold

Nowadays, one in every four employees believes there is a widespread lack of pay transparency and fairness at their companies. Indeed, only 23% of workers believe their company is clear about how employees are compensated and that it is okay to inquire about their salary according to the results of a recent Salary.com survey [PDF]. Nearly half of workers (46%) believe they are not paid adequately compared to persons in the same function at other organizations, and more than a third (37%) think they’re not paid fairly compared to their internal colleagues....

December 3, 2022 · 2 min · 373 words · Vance Hansen

Survey Americans Prefer Investing In Cryptocurrencies Than Etfs

The poll by media outlet CNBC revealed that 11% of Americans have invested in cryptocurrencies. The figure highlights the shift from traditional finance investment products like exchange-traded funds that recorded a share of 10%. The study was published on August 23 and indicates that stocks at 31% are the top investment product, followed by mutual funds at 25%, while 12% of Americans own bonds. The survey was conducted between Aug 04 to 11, 2021, sampling feedback from 5,530 adults....

December 3, 2022 · 3 min · 433 words · Crystal Natale

Tether Responds To U S Judge S Order To Produce Documents Calls It A Routine Discovery

Specifically, Tether said that it had already agreed to produce the relevant documents from the judge’s order and that the problem was in the scope of the required documents, according to its blog post on September 21. ‘Meritless’ and ‘baseless’ case In the post, the platform called this a “routine discovery order” which “does not in any way substantiate plaintiffs’ meritless claims,” adding that: As a reminder, Tether and cryptocurrency exchange Bitfinex are being sued over allegations that they conspired to issue the stablecoin in order to manipulate the price of Bitcoin (BTC)....

December 3, 2022 · 2 min · 271 words · Ruthie May

The Great Depression Explained 1929 1939 Economic Recession

Thus, in this guide, we will examine the Great Depression, how it came about, its effects on the United States economy as well as the eventual path to recovery. What is The Great Depression? The stock market crash of 1929 was what carried the U.S. into the Depression, wiping out millions of investor dollars and sending Wall Street into a frenzy. Over the next several years, public spending and investment plummeted, causing steep industrial output and employment declines as failing businesses laid off workers....

December 3, 2022 · 15 min · 3107 words · Rachel Heskett

The Rise Of Uk S Open Ended Investment Companies Finbold

What are Open-Ended Investment Companies Open-ended investment companies (OEICs) are the funds structured to invest in equities, bonds, and other securities in the UK. They trade on the London Stock Exchange, and their value depends on the value of the underlying assets. They are termed open-ended as they can create new shares for new investors and cancel shares of investors who exit. Open-ended investment companies pool the money of investors and invest in diversified securities to reduce the risk....

December 3, 2022 · 4 min · 750 words · Charlotte Johnson

Three Arrows Founders Break Silence After Weeks On The Run Due To Death Threats

Su Zhu and Kyle Davies, claim that their botched crypto speculation triggered cascading margin calls on loans that should never have been issued in the first place, according to a Bloomberg report on July 22. The two 35-year-olds had turned 3AC into a crypto trading giant before its collapse, bankrupting creditors and accelerating a selloff that forced investors of Bitcoin and other tokens to take significant losses. They admitted that the collapse caused considerable suffering, but for the most part, they avoided inquiries about the impact it had on those working in related industries....

December 3, 2022 · 3 min · 468 words · Marilyn Sohre

Three Reasons Why Gold Loses To Crypto According To Ethereum S Co Founder

The Ethereum co-founder replied to a query posted on Twitter by Zach Weinersmith, author of Soonish, on October 26, who questioned the advantages of cryptocurrencies compared to gold. In the reply, Buterin said, “crypto is the better bet” compared to the yellow metal declaring that “gold has less adoption than crypto.” Buterin retorted that gold is “very difficult to utilize when doing business with persons who cannot be trusted” and “incredibly inconvenient....

December 3, 2022 · 2 min · 311 words · Alicia Chang

Trump S Digital World Acquisition Plummets 12 To A 6 Month Low As Musk Reaches Twitter Deal

This loss comes as a response to Elon Musk agreeing to buy Twitter (NASDAQ: TWTR) for $44 billion. With this move, Musk pulled off one of the biggest leveraged buyouts in history by paying up $54.20 per share for the social media company. Musk tweeted: What is happening with social media stocks It’s also worth mentioning that the news on April 25 aided the cryptocurrency Dogecoin (DOGE), the meme coin Musk seemingly helped propel to the mainstream is also now enjoying a 30% rise thanks to his Twitter action....

December 3, 2022 · 2 min · 365 words · Dennis Shook

Tsla Stock Dwindles As New Tesla Factories Lose Billions

In other news, Tesla plans to suspend production at its Shanghai plant in the first two weeks of July with the aim of upgrading it to produce 22,000 vehicles per week, according to Cnvepost. The renewed lockdowns in China prevented the company from reaching its original plans of producing 8,000 Model 3 and 14,000 Model Y per week. TSLA chart and analysis On the whole, shares of the company created a wide trading channel between $600 on the low end and $800 on the high end, and have been bouncing between these prices in the last two months....

December 3, 2022 · 2 min · 345 words · Richard Santos

Uk Parliament Member M Hancock Would Consider Investing In Bitcoin Owing To Its Potential Finbold

However, there is one area of the economy that hasn’t received much attention until now: cryptocurrency. British politician Matt Hancock told The Express that Brexit provides the United Kingdom with the chance to establish a “dynamic” regulatory framework for cryptocurrencies rather than being compelled to adopt the EU’s “restrictive” structure. The Member of Parliament also believes that the technology might open up new opportunities for the United Kingdom. When Hancock was explicitly asked whether crypto may play a role in a post-Brexit economy, he responded affirmatively: Questioned on whether he has invested in Bitcoin himself, Mr....

December 3, 2022 · 2 min · 244 words · Maria Sliz

Ukraine Bans Buying Cryptocurrencies With The Local Currency Hryvnia

On April 21, the National Bank announced the measure, which means persons will only be allowed to purchase assets that are immediately converted (exchanged) for cash and that are associated with quasi-cash transactions, using just their own foreign currency, up to a maximum of UAH 100,000 each month (around $3,300). The relevant limit is also applicable to cross-border peer-to-peer transactions with non-cash transactions carried out utilizing payment cards provided to accounts opened in a foreign currency....

December 3, 2022 · 2 min · 324 words · Jose Norman

Vitalik Buterin Admits Fees Are A Huge Problem For Ethereum S Usability Finbold

Speaking during an interview with Time magazine, Buterin noted that high fees are derailing Ethereum’s usability as the migration to the proof of stake (PoW) continues. Furthermore, Buterin also expressed his frustration with the impact of high fees and how it’s affecting the implementation of critical projects. At the same time, he showed optimism that if sharding is carried out, the fees could come down. Besides high fees, Buterin stated that the decentralized goal of the platform might be derailed by bad actors who are after personal gains....

December 3, 2022 · 2 min · 243 words · Barbara Tremblay

What Does Oomf Mean On Twitter

For instance, “RT” and “LRT”, which means “retweet” and “last retweet”, can only be used on Twitter. Another popular abbreviation is “OOMF”, which has been used consistently on the platform for years. This article details the meaning of “OOMF” and the several other top abbreviations you must know on Twitter. How Do You Use “OOMF” on Twitter? Twitter is infamously known as the platform you use when you want to get feisty or throw shade at someone....

December 3, 2022 · 4 min · 643 words · Eugene Cronin

What Does Added Me Back Mean On Snapchat

If you are not friends with someone, you cannot view their profile or do anything on their account. When you receive an “added me back” notification on Snapchat, you may wonder if that means you are friends with the other party. If you have received such a notification and want to know what it means, read this post. It is easy to tell when someone adds you as their friend on Snapchat, and one way of confirming it is when you receive the “added you back” notification....

December 3, 2022 · 4 min · 640 words · Kristina Trussell

What Does Ffs Mean In Discord

Like other social media platforms, Discord has lingo users often use to communicate with friends. One of these terms is ‘ffs.’ Even though this term is not unique to Discord, It can be confusing if you don’t know what it means. So, what does ‘ffs’ mean on Discord? To learn more about the origin of ‘ffs,’ instances to use it, and its origin, read this article to the end....

December 3, 2022 · 4 min · 644 words · Thomas Valencia

What Does Lls Mean On Facebook

In this article, we’d love to clearly explain “LLS” on Facebook, its synonym, and how to use this slang on social media correctly. Without further ado, let’s get this show on the road! What Does “LLS” Mean on Facebook As you all know, Facebook is a great social media platform that allows us to connect with other global users as long as we can access the Internet. Besides, Facebook gets its name on the scoresheet thanks to various features regarding entertaining, educating, marketing, and more....

December 3, 2022 · 6 min · 1151 words · Charles Coston

What Does Obj Mean On Discord

For someone new to Discord, this can quickly get confusing, and you may think there is an issue with your Discord, but that’s not it. Read on to understand what OBJ means on Discord, This guide covers what OBJ means on Discord and why you see it on your Discord message. Still, we will cover frequently asked questions about OBJ on Discord. What Is “OBJ” on Discord? Discord and other applications utilize characters for the computer to interpret a given message....

December 3, 2022 · 2 min · 335 words · Robert Holsworth

What Does The Red Square Mean On Snapchat

Snapchat makes it easier for users to send plain texts, clips, photographs, or audio to their friends. Snapchat further differentiates these messages using colored symbols such as red squares. Snapchat makes everyday conversation with friends easier. It has many features and symbols that make Snapchat a fun platform. However, these symbols have different meanings making Snapchat users confused. I’ll decode the colored symbols on your Snapchat chat screen. Snapchat Chat Screen Colored Symbols Talking to a friend on Snapchat is similar to face-to-face conversations....

December 3, 2022 · 4 min · 744 words · Shawanda Buchanan