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Bitcoin has beaten all traditional investment strategies in the past year and over the past decade, according to International Investrment. $1,000 invested a decade ago in bitcoins would be worth $11,136 today, compared to $8,140 if invested in tech stocks and $4,917 if invested in growth stocks . The same $1,000 invested in bitcoin at the start of 2021 was worth $1,615 at the end of the year.

However, this investment remains highly speculative and fell below US$40,000 in January, its lowest level since September. Cryptoassets are also more than ever in the sights of fraudsters. In 2021, the latter received $14 billion in digital currencies, according to Chainalysis, as a result of fraud, ransomware attacks and illicit transactions on the underground internet. The creators of the Squid coin, a currency inspired by the popular Korean series squid gamenotably disappeared with $3.3 million belonging to investors.

United States

Fed No. 2 resigns

U.S. Federal Reserve (Fed) Vice Chairman Richard Clarida quit his post in January after failing to disclose certain financial transactions in February 2020, Politico reports. On February 27, 2020, Richard Clarida moved between US$1 million and US$5 million from a bond fund to an equity fund. The next day, Fed Chairman Jerome Powell announced that the central bank intended to protect the economy from the fallout of the COVID-19 pandemic.

Last year, the presidents of the Dallas and Boston branches of the Fed resigned under similar circumstances. They had been buying and selling stocks and property-related assets in 2020, even as the Fed bailed out financial markets. Jerome Powell then maintained that the rules concerning conflicts of interest will be reviewed. The institution’s top brass will no longer be able to trade stocks and bonds, but only trade diversified products like mutual funds.


The City has not lost its attractiveness

The City remains the leading European financial center more than a year after the entry into force of Brexit, reports the Luxemberger Wort. However, British financial services are not covered by the trade agreement signed between the United Kingdom and the European Union and do not benefit from the advantages offered by the EU to third countries. They cannot, for example, offer shares listed in the EU to their European clients. Amsterdam has also become the leading European stock exchange. It exchanges 9.2 million euros of shares per day, against 8.6 million in London, according to Les Echos. But the City remains dominant in many other markets, such as foreign exchange and derivatives. According to EY, “only” 7,400 jobs would have migrated from the United Kingdom to the continent after Brexit. However, British financial services employ more than a million people. The sector would have created more than 30,000 jobs in 2021, says the recruitment firm Morgan McKinley.


Cryptocurrencies in the sights of the government

Thais who profit from cryptocurrencies must now pay a 15% tax, says Netcost-Security. The Ministry of Finance also intends to increase monitoring and has recommended that investors identify their affected income in these assets and declare their taxes. Retail investors and cryptocurrency miners who fail to pay their taxes will be penalized. Cryptocurrency exchanges are however excluded from capital gains tax.

These new tax rules were imposed following a spike in market capitalization and business activity in this area in Thailand. The crypto-asset industry has been targeted by the government of this Southeast Asian nation to offset losses in the tourism sector, which has been hit hard by the COVID-19 pandemic. Bitkub, one of the largest crypto exchanges in the country, also plans to soon allow tourists to make payments in cryptocurrency. C 15% This is the tax payable by Thais who make gains on cryptocurrencies.

In the twittersphere
The #cryptocurrencies main threat of #fraud in 2022. @NASAA_IE >>> Finance and Investment
@FI_Quebec12:05 14 January 2022

US #pension plans are massively injecting capital into private #investments, sometimes ignoring the risks and costs inherent in these investments

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1:50 PM January 11, 2022

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