President Joe Biden will seek to raise taxes on millionaire investors to fund education and other spending priorities as part of the administration’s effort to overhaul the U.S. economy. As part of the plan, Biden will seek an increase in the tax on capital gains to 39.6% from 20% for those Americans earning more than $1 million, according to multiple outlets, including Bloomberg News and The New York Times.
Biden will seek an increase in the tax on capital gains to 39.6% for those Americans earning more than $1 million, according to reports.
Biden will seek to raise taxes on millionaire investors to fund education and other spending priorities as part of an effort to overhaul the U.S. economy.
Reports said the president is expected to release the proposal formally next week as a way to fund spending in the upcoming American Families Plan.
The Ethernity Chain team under massive community demand is pleased to release our roadmap to give insight into the next steps we will be taking as a platform as we continue to expand our offerings of our aNFT (“authenticated” NFT) marketplace. This outline provides a guide for Ethernity Chain’s next steps through 2021 and gives users a scope of the platform and our growth as a company.
What is Ethernity Chain?
Ethernity is the groundbreaking authenticated NFT project which auctions verified artwork featuring the top artists and stars from music, film, sports, and entertainment. Each of these digital artworks is represented as a non-fungible token (NFT). The pieces feature well-known public figures and a portion of all funds raised from the endeavor will be donated to charitable causes. Ethernity Chain combines the utility of DEFI and merges it with NFTs to create an exclusive pipeline to rare, collectible content from notable figures and well-established digital artists.
China Power Outage: 40% Bitcoin Hash Rate Reduction
There was a power outage at a province in China, causing a 40% reduction in the Bitcoin hash rate because the miners were taken offline. This is a warning sign reminding us that too much of the network is dependent off of China, and shows us that Bitcoin needs is not as decentralized as it needs to be.
Mark Cuban, owner of the Dallas Mavericks and an art collector, launched a new website called Lazy.com as a simple digital art gallery for users to display NFTs.
“People bought NFTs, they created them, they need a lazy way to show them off. There really was not an easy way to do it before Lazy.com. I wanted an easy way to show my NFTs and a way to put them in my social bios, my email signature, and any place I can stick a URL. People are curious about what other people collect. There wasn’t a super-easy way to do it.”
When sharing technical analysis for different cryptocurrencies, Market Cipher Trading is used to analyze and decipher what's happening in the market. Market Cipher has proven to be a valuable tool for traders, as it combines multiple indicators into a comprehensive overview that overlays across chart data.
To better understand what the different Market Cipher trading symbols and indicators mean, the shapes and symbols are explained in this comprehensive guide.