#asset transfer

[trendynewsnow]

Giuliani Faces Contempt of Court Over Asset Transfer Delays

Giuliani Faces Contempt of Court for Noncompliance After numerous missed deadlines and multiple extensions, Rudolph W. Giuliani, the former mayor of New York City, is on the verge of being held in contempt of court. This potential ruling arises from his failure to deliver assets worth $11 million to two poll workers he defamed in the aftermath of the 2020 presidential election. If the court finds…

Giuliani Faces Contempt of Court Over Asset Transfer Delays

[pavel-nosok]

The Fall of Multichain: A Tale of Unexpected Turbulence and Security Breaches

In an unforeseen chain of events that unfolded between May and July 2023, the CEO of Multichain, Zhaojun, was apprehended by Chinese authorities, destabilizing the blockchain project. The situation escalated when user assets began to be transferred to unknown addresses. From Seizure to Shutdown: The Multichain Saga According to the Multichain team’s testimony, the first wave of shock for the…

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[jaideb18-blog]

Why I Like Ravencoin

Ravencoin has only just celebrated its first birthday and it has already made the top 70 coins. It currently sits in 93rd position. It has gained a large amount of attention, particularly around the time of its recent bull run in late 2018. It’s now available on Binance and it’s been floating as low as 1 cent. It is a coin I am very excited about that I believe has huge growth potential.

The Ravencoin blockchain differs from the majority of other coins as it specializes only in the creation and peer-to-peer transfer of assets. There are no other intended uses for the coin, it simply focuses on what it was created for. You can exchange assets over other blockchains, such as Bitcoin and Ethereum, however it’s not their intended purpose. Ravencoin overcomes issues such as the slow and overly complex ledgers currently used for publicly traded assets.

Asset digitization is a very promising area of blockchain technology. Essentially a physical asset is represented on the blockchain. Ravencoin was designed to meet the demand for assets and securities to be tradable across borders.

Ravencoin is a fork of Bitcoin. It has a much larger supply of coins and is faster. The total supply of Ravencoins is 21 billion and of course we all know there will be 21 million bitcoins at their supply capacity. Ravencoin is 10 times faster than Bitcoin with a block time of just 1 minute. The developers have stated that Ravencoin is more energy efficient because it can be scaled to 1000 times the capacity and block reward of bitcoin. When it started there was no ICO and it started without a pre-mine. There is also no founders pool.

The developers of Ravencoin made the cryptocurrency an open-source project which gives users the ability to declare their virtual assets on the network. The network is transparent, decentralized and secure.

Any users of the Raven protocol are able to issue tokens on the Ravencoin blockchain. Tokens can be based on any asset and do not require mining. The properties of the token are determined by the user who issues it.

Tokens are transferable and work much the same way as Bitcoin. Most assets can be tokenized on the Ravencoin platform such as land deeds, gold bars, jewellery, art, cars, boats, silver coins etc.

Users are required to burn some RVN tokens and provide a unique token name  to create an asset token on the platform. Then, token properties are determined. These include number of tokens, number of decimals, and whether the supply is fixed or can be increased in the future.

Currently Ravencoin is only up to stage 3 of its 6 stage plan. It’s exciting times ahead for the cryptocurrency as it plans to add the ability to issue payment of rewards or dividends to asset holders, message token holders and implement token-based voting systems. When the market turns again and Ravencoins potential is reached it could jump right up into the top 10. When Binance listed it late last year the coin shot up 250% in under 2 weeks. There will be plenty more exchanges following suit and adding Ravencoin in the near future. This one’s definitely a coin to watch.

[cryptodigestnews-blog]

Swiss Stock Exchange Operator Buys Stake in PassOn

Swiss Stock Exchange Operator Buys Stake in PassOn

SIX, the company that operates Switzerland’s main stock exchange, has bought a minority stake in blockchain company, PassOn as it contemplates to provide a vibrant digital asset marketplace.

PassOn is a startup that focuses on using blockchain technology to manage how digital asset transfers regarding inheritances are done.

Earlier this year, SIX had announced that it would create a trading and…

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[bhrosley]

Why Retirees Would Want Life Insurance

Why Retirees Would Want Life Insurance

If you have a desire to leave money for your spouse or kids, life insurance is the best asset to leave them. 

Notice I said “asset,” not  “investment.” At death, don’t investments morph into just another asset? I think so and I try to convey this to my clients. Life insurance is not an investment, nor should it be compared to an investment.

However, if structured to be in force at death, then it…

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[neighbourhoodnews-blog]

England’s biggest community asset transfer

Neil Berry of Locality shares the story of what is believed to be the largest community asset transfer to take place in England. [Source: Locality, 3 June 2013]

[danielparriesq]

I will be putting my mother in a nursing home and want to keep the house.

Question:

I understand there is a law that lets you maintain ownership if you provided home care for family member for 2 years. I contacted the Medicaid office and they wouldn't answer the question directly.They told me to contact a lawyer.

Answer:

In Florida, a person's homestead has some pretty strong protections. One of those is that you are allowed to keep your home indefinitely as long as you do not express an intention to abandon the homestead. You may live in the home or you may rent it out. I include provisions in any lease that the owner has a right to move back into the home if she was ever able to do so.  I think you are referring to Florida Medicaid Manual section 1640.0609.04(5). It deals with the transfer of homestead to an adult son or daughter who has resided with the applicant for at least 2 years and provided care which prevented the applicant from needing to be moved to a nursing home sooner.  If your mother owes the property outright, she may retain ownership through out her lifetime even after moving into a nursing home. Her income cannot be used to pay taxes, insurance or other expenses of ownership. This is why a many people rent their homestead while in a nursing home. The taxes, insurance, and other expenses can be paid out of the rent collected. Because it is her homestead you or another family member could move in and simply pay the expenses to maintain the property.  As long as your mother is leaving her homestead to a blood relative, the home would also pass through probate free of creditors so Medicaid could not come after it after her passing. She can also deed the property using an enhanced life estate deed to you or other third party. The deed essentially transfers the property on her passing to you similarly to naming someone as a beneficiary on a bank account.  The main thing is that your goals can be accomplished and her home can be protected. You do need seek the assistance of a qualified elder law attorney to assist you with this. There may also be other planning methods or concerns that I cannot address with the information supplied. 

[neighbourhoodnews-blog]

Want to know more about community asset transfer?

In a two-part blog, Annemarie Naylor, head of assets at Locality, and Peter Kenyon, chair of the Bootstrap Company, share advice for communities that want to transfer their assets. Top tips for communities taking care of their assets - Part One [Published 19 March 2013 in The Guardian], Part Two [Published 21 March 2013 in The Guardian].