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Tag: charity

With bitcoin ticking over $28,000, now might be a good time to give some of it to charity

Finance
Getty ImagesSitting on a growing bitcoin fortune? Consider giving away some of it to charity.As 2020 draws to a close, the cryptocurrency has seen a massive surge in appreciation. The value of a single unit of bitcoin is now hovering around $ 28,000.Though longtime holders of the virtual currency are rejoicing, they run the risk of winding up overweight in bitcoin. That is, the massive run-up in values could suddenly result in investors having more exposure toward bitcoin — and its risks — than they'd like.Similarly, while cashing out of your holdings might seem attractive, it could come with a hefty capital gains tax bill on the appreciation.More from Advisor Insight:How financial advisors say to use your $ 600 stimulus checkHere's who's likely eligible for a second stimulus checkCovid ...
Bird charity warns of harm from new wind farm

Bird charity warns of harm from new wind farm

Science
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No funds available: Depositors at India’s PMC Bank survive on loans, charity

No funds available: Depositors at India’s PMC Bank survive on loans, charity

Finance
MUMBAI/NEW DELHI: In February, 82-year-old Kishan Lal appealed to India's finance minister for help, saying in a Twitter message he was ready to donate his kidney and eyes if someone could help arrange funds to treat his daughter, who had a brain tumour. The Lals had enough savings to tide over the medical crisis - more than Rs 25 lakh in Punjab & Maharashtra Co-operative (PMC) Bank. But withdrawals were capped at Rs 50,000 from each account at the time because authorities were investigating fraud at PMC. The withdrawal cap is now at Rs 1,00,000 per depositor. "I just borrowed money from wherever I could, I had to save my daughter," said Lal. "If I had access to my own money, I'd not have been ashamed." The Reserve Bank of India (RBI) took control of PMC last September after it was acc...
Audi suspends driver Daniel Abt for cheating in esports charity event

Audi suspends driver Daniel Abt for cheating in esports charity event

Sports
May 26 (UPI) -- Audi has suspended Formula E driver Daniel Abt after he cheated during a charity esports event. Abt was suspended from the Formula E team after he was disqualified from the weekend online race. He was also ordered to pay nearly $ 11,000 to charity. Organizers of the tournament discovered that Abt facilitated a deal with a professional gamer to compete in the official esports race under Abt's name. Formula E drivers normally use electric cars in their races, but now compete virtually while their season is suspended due to the coronavirus pandemic. Drivers competed last weekend in a Race at Home Challenge with simulators from remote locations. The races raised money for UNICEF. Professional gamer Lorenz Hoerzing drove Abt's car during the race. He was disqualified from all ...
‘Please help us’: Girl, 6, finds prisoner message in Tesco charity card

‘Please help us’: Girl, 6, finds prisoner message in Tesco charity card

Business
A message by foreign prisoners in China pleading for help has been found in a Tesco charity card by a six-year-old girl.The company has stopped working with a factory in China after Florence Widdicombe, from Tooting in London, opened a card featuring a kitten wearing a Santa hat to find the message. Tesco donates £300,000 a year to the British Heart Foundation, Cancer Research UK and Diabetes UK from the sales of the cards. Image: Tesco's charity Christmas cards raise £300,000 each year for three major British health charities. Pic: Tesco The message, in capital letters, read: "We are foreign prisoners in Shanghai Qingpu prison China."Forced to work against our will. Please help us and notify human rights organisation." ...