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A whopping 80% of American adults believe the financial system favors those with “powerful interests,” while 20% currently own cryptocurrency — a new survey has revealed.Commissioned by crypto exchange Coinbase, the February online survey of more than 2,000 American adults found that 80% of respondents said the “global financial system
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Over the past few decades, the inequality of wealth distribution globally has become all the starker.For example, as of 2022, the top 10% of Americans hold nearly 70% of US wealth. This means that 90% of the country only takes home 30% of the wealth. South Africa is another example,
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Russian punk rock collective Pussy Riot is planning to launch a DAO for LBTQ+ and women artists.As the group’s co-founder Nadya Tolokonnikova told Cryptox, the DAO will be working on reducing the gender inequality that still marks the nonfungible token (NFT) space and, more broadly, the crypto industry. Despite the
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JPMorgan wants more QE from the Federal Reserve. Meanwhile, CEO Jamie Dimon is arguing that wealth inequality is a growing problem in the U.S. economy. Here’s why Dimon’s comments are so hypocritical. In a move that surprised nobody, JPMorgan Chase joined Goldman Sachs in claiming that the Federal Reserve
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Bitcoin (BTC) whales may have made headlines this month, but its wealth is more evenly distributed in 2019 — the opposite of major altcoins.That was among the findings of research by Clovr, which analyzed wallets and transactions from various cryptocurrencies in November.Bitcoin majority ownership requirement still topThe results showed
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