Bill Gates news

An American business magnate, investor, author, philanthropist, humanitarian, and principal founder of Microsoft Corporation.

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Bill Gates Added $16B to 2019 Net Worth Despite Giving $35B to Charity, Says Bloomberg

Coinspeaker Bill Gates Added $16B to 2019 Net Worth Despite Giving $35B to Charity, Says BloombergPrincipal Founder of the Microsoft Corporation, Bill Gates, has been very popular for many years not just for his contribution to the tech space but is also known far and wide for how much wealth he’s been able to amass over the years.Gates who is also known for his many humanitarian efforts including consistent philanthropy, gave away more than $35 billion of his wealth to charity in 2019 alone, according to Bloomberg. Regardless of this, Gates still added $16 billion to his net worth in less than 10 months, bringing his total wealth to about $106 billion. Gates is currently the world’s second-richest, only after Jeff Bezos – founder and CEO of Amazon.Gates has spoken about his investment methods, expressing that he’s usually not unnecessarily careful with related efforts. Currently, Gates has about 60% of his entire net worth in investments including stocks and index funds, a very large percentage for anyone even when they aren’t the second richest in the world. According to Gates:“We’re not, you know, in some defensive posture where we’re mostly in cash, or anything like that. The strategy that’s been used on the investments is to be over 60% in equities.”Apart from the large percentage in investments, it’s also pretty unusual to see billionaires put in so much investment into stocks and index funds. What’s more common is a wider range of diversification across the stock market as well as other routes including real estate, government bonds and also investments in viable startups.This feat, especially regarding his investments, has been largely credited to Gates’ investment chief, Michael Larson, who manages Cascade Investment, L.L.C., an American holding and investment firm based in Washington and controlled by Gates himself.Gates also spoke on taxes and has pushed for an increase in income taxes for some of America’s most wealthy people. If this happens, Gates’ fortunes might dwindle depending on how much tax is added but apparently, the billionaire doesn’t mind and is all for wealth tax even though he’s not sure the government will approve. Still speaking in the interview, Gates said:“I doubt, you know, the U.S. will do a wealth tax but I wouldn’t be against it. The closest thing we have to it is the estate tax. And I’ve been a huge proponent that that should go back to the level of 55% that it was a few decades ago.”As much as Gates is bullish on the stock market, the billionaire doesn’t think that everything will continue rising consistently in the future. According to him:“There’s reason to think absolute returns for the next decade will be less than they have been for the last several decades.”Gates also spoke about his foundation’s efforts to tackle inequality, naming it the greatest obstacle to creating a decent life in the world’s poorest countries. Even in America, it is said that for at least 90 years now, just about 0.1$ of its riches people have controlled more wealth in the country. Gates mentions that inequality is worse in other countries and the Bill & Melinda Gates Foundation is actively working on that, specifically mentioning the mortality rates in other parts of the world as well.At the time of writing MSFT stock is up by +0.78% making $137.39 per share. The company’s market cap makes $1.057T.Bill Gates Added $16B to 2019 Net Worth Despite Giving $35B to Charity, Says Bloomberg
Coinspeaker

Dow Futures Slide but Bill Gates Is Still Bullish as Hell

Dow Jones Industrial Average (DJIA) futures slid lower in pre-market trading Wednesday. The stock market is in wait-and-see mode ahead of the Federal Reserve’s interest rate decision this afternoon. But Bill Gates is shrugging off any uncertainty. In an interview with Bloomberg, the billionaire Microsoft founder said he’s still bullish on the US economy and […] The post Dow Futures Slide but Bill Gates Is Still Bullish as Hell appeared first on CCN.com
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Bill Gates Is $16 Billion Richer in 2019 and He’s Still ‘Bullish’ on Stocks

Bill Gates has tacked on an additional $16 billion to his net worth in 2019, bringing the billionaire’s wealth total to $106 billion — and he’s still bullish on both the stock market and US economy. However, his bullishness is also tempered by a bit of realism as we move into the next decade and […] The post Bill Gates Is $16 Billion Richer in 2019 and He’s Still ‘Bullish’ on Stocks appeared first on CCN.com
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Bill Gates & Michelle Obama Are Most Admired but Who Are Top Earners?

In a poll from YouGov, the top three most admired men in the world are Bill Gates, Barack Obama, and Jackie Chan. The topmost admired women are Michelle Obama, Oprah Winfrey, and Angelina Jolie. Now, naturally, none of those people are starving on the street. Let’s take a look at their net worth – it […] The post Bill Gates & Michelle Obama Are Most Admired but Who Are Top Earners? appeared first on CCN Markets
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IOTA Introduces Permanode Tech For Long-Term Data-Storage

The IOTA Foundation is taking a major step towards ensuring permanency in the Tangle, announcing a “Permanode” technology called Chronicle. IOTA is designed as a protocol for the permissionless and frictionless exchange of value between machines and humans, with the Tangle acting as a distributed ledger. Using the new permanode technology, users will be able to securely store data, where it will be  “verifiable to third parties for free.”   While some data doesn’t need to be stored for years, decades, or lifetimes, certain sorts of data require greater permanence. “For example,” the IOTA blog explains, “financial data must be stored for 10 years in some cases, and identity data needs to be kept for the lifetime of the identity.”  The IOTA Foundation describes the new permanode technology as a “crucial building block” for enabling these types of use-cases. The Foundation describes Chronicle as the “official permanode solution,” enabling easy access to the Tangle’s entire history, which is stored indefinitely via the technology.  The system is described as a “distributed fault-tolerant permanode that scales out and up…”     source: IOTA Foundation   Chronicle has some unique and interesting use-cases for community members and businesses, such as offering “query as a service.” Node owners might find a new stream of revenue charging IOTA tokens to access Tangle data. Further services could be added through “Multiplex networks,” offering “microservices… that can communicate with public and private dataset(s) under different policies.”  Chronicle is due for a third-party audit to ensure it is ‘water-tight’ before it is released to the public. The IOTA Foundation invites community members to take part in the work, with grants available for “developing and expanding the notion of permanodes.”   source: CoinMarketCap   IOTA joined the altcoin surge today, enjoying a healthy bump of more than 14% in value against USD and BTC over the past 24 hours. The token has enjoyed a positive week, with over 10% growth in USD price over the past seven days.   The post IOTA Introduces Permanode Tech For Long-Term Data-Storage appeared first on Crypto Briefing.
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HUGE Altcoin Updates! Stellar, Binance US, Tomochain, Digibyte, NEO, Monero, Bitcoin Bakkt

Binance Adds BNB to Binance US https://finance.yahoo.com/news/binance-us-adding-7th-coin-102155751.html A brief history of the world of crypto. Plus, all of the latest news and updates from the Stellar Developers ecosystem https://medium.com/stellar-community/stellar-dev-digest-issue-14-ea71609a22b0 How TomoChain’s TomoZ intends to take on Ethereum market share! https://twitter.com/TomoChainANN/status/1173152916888096768 https://twitter.com/Altcoinbuzzio/status/1172575745584971777 https://www.altcoinbuzz.io/crypto-news/product-release/how-tomochains-tomoz-intends-to-take-on-ethereum-market-share/ Virtual Rehab with Virtual Reality is now solving real-world problems https://cryptodaily.co.uk/2019/09/apple-entry-blockchain-via-rumoured-vr-project https://www.zerohedge.com/news/2019-09-09/virtual-reality-now-solving-real-world-problems Celer Network and NEO Are Launching a Partnership https://www.altcoinbuzz.io/crypto-news/partnerships/celer-network-and-neo-are-launching-a-partnership/ Bitcoin #Bakkt Tweet https://twitter.com/Bakkt/status/1173683919687966720 Big! #Monero ready to use Zcoin’s Privacy protocol https://www.altcoinbuzz.io/crypto-news/product-release/big-monero-ready-to-use-zcoin-privacy-protocol/ #digibyte lists on UpHold https://twitter.com/DigiByteCoin/status/1173623829652004866 #bitcoin #cryptocurrency #altcoin #altcoins #crypto #btc $BTC #bitcoinprice #ethereum #electroneum #cardano #enjin #crypto.com #hpb #digibyte #bitcoinnews #btcnews #libra #chainlink #ripple #xrp #xrpripple #binance #bitcoinnewstoday #cryptonews #litecoin #cryptocurrencynews #news Bitcoin cryptocurrency altcoin altcoins crypto btc $BTC bitcoin price ethereum electroneum enjin crypto.com cardano digibyte bitcoin news btc libra chainlink ripple xrp ripple Binance bitcoin news today crypto news Litecoin cryptocurrency news hpb high performance blockchain $xrp $enj $etn $ltc $dgb $ada NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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Celsius Network Offers up To 12% APR on USDC, TUSD, USDT and Other Stablecoins

The Celsius app offers the industry highest rates and supports six different stablecoins all eligible to earn up to 12.03% annually with interest paid out weekly Celsius Network (https://celsius.network/), the industry-leading cryptocurrency platform, announces today it has increased interest rates for stablecoin deposits to 12.03% APR. Users who choose to earn interest in Celsius Network's blockchain-based CEL token can earn up to 30% more than the 9.25% depositors who are paid in-kind on their coins. Celsius is raising its rates because it is consistently earning higher returns on its deposits and distributes 80% of its income to its depositors; as it earns more, it distributes more. Unlike other platforms, ...Full story available on Benzinga.com
Benzinga

VanEck, SolidX Pull Bitcoin ETF Filing From SEC Consideration

Less than two weeks after VanEck and SolidX rolled out the VanEck SolidX Bitcoin Trust ETF (XBTC), a bitcoin exchange traded product aimed at institutional investors, the firms said they're withdrawing plans for bitcoin exchange traded fund aimed at a broader swath of investors. What Happened The ETF issuer and the fintech firm pulled the filing from consideration by the Securities and Exchange Commission on Sept. 13. The agency had delayed an ultimate decision on that product, as it has with various other bitcoin ETF proposals, several times, but was facing a hard and fast deadline of Oct. 18 to approve or disapprove the VanEck SolidX Bitcoin Trust. “Tuesday’s filing marks the second time VanEck and SolidX withdrew the proposed ETF. ...Full story available on Benzinga.com
Benzinga

IOTA Introduces Chronicle Permanode to Amend Scalability Issues

IOTA, a permissionless trust protocol designed to revolutionize the Internet of Things (IoT) ecosystem by facilitating a frictionless exchange of value between machines and humans, has announced the launch of Chronicle, a permanode solution the team hopes will give node operators an unlimited amount of storage space in their Tangle distributed database, according to aRead MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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