Jeff Bezos to pay $5bn under wealth tax? In a bid to accelerate wealth gap.

KEYPOINTS • Jeff Bezos would owe $5.7 billion in taxes for 2020 under the Ultra-Millionaire Tax Act proposed by a group of Senate and House Democrats and independent Sen. Bernie Sanders on Monday. • The tax would be a 2% annual levy on wealth over $50 million and 3% on wealth over $1 billion. • Elon Musk would owe $4.6 billion in 2020 and would still have a fortune of over $148 billion at the end of the year. • Bill Gates would have to pay $3.6 billion for 2020,…

Elon Musk to be blamed for fall in all Cryptos?, Losses $15.2 billion in a day.

Tesla CEO Elon Musk has yet again slipped to the number two spot on Bloomberg’s list of the world’s richest person. Musk’s net worth reduced by a whopping $15.2 billion in a day after Tesla shares slid 8.6% on Monday. E-tailer Amazon’s founder Jeff Bezos has once again topped the Bloomberg Billionaires Index. Bezos has $186 billion in wealth as against Musk’s $183 billion fortune.

Value of dogecoin falls after Tesla boss’ asks major holders to sell out.

Dogecoin surprisingly dipped nine per cent Monday to 0.057 cent, a day after Elon Musk offered support for the digital currency. Dogecoin, which recorded a high of 0.087 on February 7, is down by almost 34 per cent as of 3.30PM Nigerian time. On Sunday, billionaire Elon Musk said he would buy the coin if its top holders agreed to sell, saying he considered too much concentration of Dogecoin among its major holders the only “real issue”. If major Dogecoin holders sell most of their coins, it will get my…

Bitcoin hits new all-time high, thanks to Elon Musk

In the past 24 hours, Bitcoin (BTC) was trading between $42,521.62 and $48,142.19, which is the new all-time high following Tesla’s announcement yesterday of its $1.5 billion investment in the world’s leading cryptocurrency. As of 3:00 PM (UTC) today, BTC is at $46,577.83 (+6.95%).Other major cryptocurrencies are in the green today, with the exception of Dogecoin (DOGE), buoyed by Bitcoin’s sudden rise. BNB (BNB) is leading the charge with a 30.74% rise and a new ATH today at $101.