Posts tagged with "money"

Protected: Bob Evans Farms Announces Grant Program for Veterans

This content is password protected. To view it please enter your password below:

360 MAGAZINE gaming illustration by Ivory Rowen.

Bitcoin And Online Casinos

Is Bitcoin a viable payment method for online casinos?

There are many payment methods that can be used at online casinos. Bitcoin is being accepted by a growing number of online gambling sites. Bitcoin never seems to be out of the papers these days, so is it a viable payment method for use at an online casino?

The mere fact that online casinos are accepting Bitcoin as a payment method speaks volumes. It is not going to be helpful to anyone if a payment method employed by them is going to cause big problems.

These online casinos will have put a great deal of thought into whether to allow the use of Bitcoin or not. It’s not an overnight decision. A great deal of thought has been put into their decision, and the fact they allow Bitcoin’s use should be seen as a huge vote of confidence in the cryptocurrency.

One site that supports this cryptocurrency is Bitcoin Games online casino. It’s important to do some research before joining any site. Taking a good look at a Bitcoin Games review is helpful. This review gives you plenty of information about the site.

Safety is so important when it comes to online payments. There is still a fair amount of financial fraud that takes place, and of which no one wants to become a victim. Bitcoin can help in this area because of the way it operates as a currency.

Unlike with a credit or debit card, there is no central bank in play with Bitcoin. It is the person who makes the financial transaction that owns the Bitcoin being used. The amount of personal information being made available to possible fraudsters is always a worry with banks, but that’s not the case if you are using Bitcoin. The fraudsters will be upset when realizing they can’t get their hands on your currency. The customer and the online casino itself will be impressed with this situation.

Another worry is that your bank account might be frozen. If you are using a debit or credit card for your financial transactions, it will cause you major problems. However, Bitcoin avoids these issues due to that lack of a central bank.

It’s not just a central bank that is absent. Furthermore, there’s no government to deal with this currency, though the Chinese government are doing their best to warn people off its use. Online sites will be happy that there’s no government to deal with, another reason they like using Bitcoin. There’s no taxation either and transactions cannot be reversed.

There are some disadvantages with Bitcoin, but that can be said of any payment method. How many times do you hear people moaning about their bank or PayPal? The main problem with Bitcoin is how its value can be volatile. That’s common with any relatively new currency and will hopefully settle down in the future. However, that’s more of a worry for those investing with Bitcoin. Just using Bitcoin to gamble online is a much better and safer way of using it.

Cash and wallet illustration for 360 Magazine

Digital Health Revenues to Jump 34% by 2023

Although the COVID-19 pandemic put enormous pressure on the global healthcare sector, one of the promising side effects has been the rapid growth of digital health services. During the crisis, hospitals were facing the most challenging public health threat they have ever experienced. However, digital health has stepped in providing innovative and effective solutions for chronic patients or those in need of immediate healthcare. As a result, the revenues of the entire sector jumped by 30% YoY, reaching $109bn in 2020.

According to data presented by Trading Platforms, digital health revenues are expected to hit $132.2bn in 2021. The entire industry is forecast to continue growing and reach a $177.5bn value by 2023, a 34% increase in two years.

Digital Fitness Revenues to Jump by 40% in Two Years, eHealth Segment Follows with a 27% Increase

The digital health market covers many technologies, including mobile health apps, connected wearable devices, and telemedicine. By tracking physical activities or identifying early signs of developing diseases, these technologies enable millions of people worldwide to monitor and record their health conditions more efficiently and in a user-friendly manner.

The surge in the use of the internet and smartphones and the shift towards a healthier lifestyle have been driving the impressive growth of the entire sector even before the pandemic. However, the COVID-19 has undoubtedly fueled the widespread use of digital health apps and solutions.

In 2019, the entire market generated $83.3bn in revenue, revealed the Statista data. After the pandemic struck, revenues jumped by $25.6bn in a year. The widespread use of digital health solutions is expected to continue this year, with the entire sector growing by 20% YoY. By 2023, global digital health revenues are forecast to increase by another $45.3bn.

As the largest segment of the market, digital fitness is expected to generate $76.3bn in revenue in 2021. By 2023, this figure is forecast to grow by nearly 40% to $106.2bn.

E-health services are set to witness a 27% growth in this period, with revenues rising from $55.8bn to $71.3bn.

China and the United States to Generate 50% of Total Revenues

The Statista survey also revealed the following years are set to witness substantial growth in the number of people using digital fitness apps and eHealth services.

In 2021, the unified market is expected to count close to 3 billion users, almost 40% more than before the pandemic struck. By 2023, this figure will jump over 3.5 billion and continue growing to 4 billion by 2025.

The number of people using digital fitness apps is expected to jump by 27% in the next two years, rising from 980 million to over 1.2 billion. The eHealth segment is forecast to witness a 17% growth in this period, with the number of users reaching 2.2 billion by 2023.

As the world`s largest digital health market, China is forecast to generate $38.5bn in revenue in 2021, up from $30.8bn last year. In the next two years, the Chinese market is expected to hit $52.7bn value.

With 261.6 million users and $26.3bn in revenue in 2021, the United States ranked as the second-largest market globally. By 2023, this figure is set to jump to $31.4bn.

India, Japan, and Germany follow with $6.2bn, $4.2bn, and $3.5bn in revenue in 2021, respectively. Statistics show that China and the US, as the two largest markets, are expected to generate nearly 50% of global digital health revenues this year. By 2023, their combined revenue share is expected to slip to 47%.

The full story can be read here.

LGBTQIA via Gabreille Archuletta for use by 360 Magazine

Ten Reasons Brands Should Celebrate Pride Month

By: Skyler Johnson 

As Pride Month approaches, it’s expected that we’ll see a number of pride-related products pop up. There are people that think brands celebrating Pride Month is “tacky” or “preachy.” However, it’s still important for brands to show their support for the LGBTQIA+ community, even if it’s just in the month of June. Here are a few reasons why:

10. Celebration of Pride Month Wasn’t As Good In 2020

Because of the Black Lives Matter Protests and Covid-19, brands didn’t celebrate Pride Month in 2020 the way they had in previous years. While they could have done both, a lot of companies didn’t. So, it’s extra important this year for brands to show that they still care about LGBTQIA+ individuals through celebrating Pride Month extra hard.

9. Generates Profit for Brands

Statistically, being in support of the LGBTQIA+ community has been shown to increase company sales. People will have more respect for those companies, and will be more likely to purchase their products. 

8. Supports LGBTQIA+ People for No Cost

While brands may have to change the packaging, that’s all they need to do to support Pride Month. There’s no real loss that can be had towards brands celebrating Pride Month, except for a few people thinking that it’s “preachy.”

7. Shows the Power of Brands

Brands are more powerful than you might think. After all, we’re constantly seeing them, and they are always affecting our lives, even if we don’t realize it. Everything we do– from brushing our teeth to putting on clothes–has us interacting with brands. And the actions of brands do affect us. Think about the uproar that Discord received over changing their logo. People got legitimately upset over the actions of a corporation. So people will be affected by brands that are supporting the LGBTQIA+ community, and may change a negative stance if their favorite brand supports it.

6. Recognizes the History of Hate Towards LGBTQIA+ People in the U.S.

It’s sickening how much hatred has been directed towards people just trying to live their lives. For a long time, there were laws that prohibited homosexuality and being trans was virtually impossible. 2015 was the year when gay marriage was declared legal, and that was only six years ago. Because of the long struggle with homophobia and transphobia, it’s important to recognize these people, and show them we care through the brands we as Americans deem as important.

5. Decreases Homophobia and Transphobia in the World

Although Americans are more accepting of LGBTQIA+ individuals compared to other countries (and even we’re not perfect), there are other countries that are much worse. A lot of countries still have laws that prohibit gay and trans individuals from being themselves. Given the international nature of these brands, they can help change the mindsets of people in countries that are much less accepting than the U.S.

4. Encourages Workplace Diversity

If members of the LGBTQIA+ community see that companies support them, they’ll be more likely to apply for jobs within the company. Diversity in the workplace has been shown to increase profit margins. 

3. Raises Awareness

I wouldn’t know about Marsha P. Johnson if they weren’t honored by Google during Pride Month. Brands can give people information on important people in the LGBT community, and makes people aware of history that would otherwise be forgotten. I was never taught about the Stonewall Riots in school, but Google allowed me to find information on this important piece of LGBTQIA+ history.

2. Supports LGBTQIA+ Individuals

LGBTQIA+ artists and creators have been historically marginalized due to their identity. There was a time, not long ago, when your career would end as a result of coming out. Now that there are more and more creatives able to have careers despite, or even because of, their identity. Brands should support those individuals via including them in their ad campaigns or creating a product inspired by them. Smirnoff’s partnership with drag queen Alyssa Edwards is a great example.

1. Gives Brands a Reason to Donate to Show they Care

A lot of brands have donated part of their proceeds to charity. LGBTQIA+ people are thus given the resources they need to survive and thrive.

Dolphin via Mina Tocalini for use by 360 Magazine

Venture Capital Funds Investing in Climate Change Innovation

Saving the planet from Climate Change devastation is one of the most important things we can do to date,  yet has often seen pushback from major investors who’ve focused their investments on safer industries like coal and oil. Luckily, there’s a growing trend of investment companies created for the purpose of saving the planet, promoting the idea that clean energy can benefit investors as well as our future, according to a new Venture Capital (VC) trend.

2021 has already seen multiple climate-focused fund launches. London-based One Planet Capital launched a fund for green tech, fintech, and sustainability-based B2C businesses, while actor Robert Downey Jr (Ironman, The Avengers) has founded FootPrint Coalition Ventures to invest in high-growth, sustainability-focused companies. European-based fund 2150 also launched this year, investing €200m ($240m) into start-ups developing sustainable technologies to lower carbon emissions in Europe’s cities. 

 The financial world used to think environmental issues couldn’t generate viable rewards, but another climate-focused fund, Congruent Ventures, believes a tipping point has been passed.

Congruent raises investment specifically for Climate Change solution start-ups and, with $300 million under management after closing its second fund at $175 million, managing partner and co-founder Abe Yokell said:

“If you brought up the word ‘cleantech’ to any institutional investor allocating to venture ten years ago, they would do their best to avoid the meeting, but now, there’s a fundamental belief that there will be significant financial returns investing broadly in climate tech over time.” 

Congruent’s portfolio includes electric vehicle charging provider Amply, which raised $13.2m last year from investors including Soros Fund Management and Siemens. Digitally controllable electrical panel company Span raised $20m in January through Congruent, with investors including Munich Re Ventures’ HSB Fund and Amazon’s Alexa Fund.

Congruent itself is well-founded, with investors including UC Investments, the Microsoft Climate Innovation Fund, Three Cairns Group, Jeremy and Hannelore Grantham Environmental Trust, and Surdna Foundation, among other institutions, foundations, and family offices.

Regulation A+ crowdfunding companies are also seeing investment, such as Digital Twins market leader Cityzenith, who recently launched their international ‘Clean Cities, Clean Future’ campaign as part of the Race to Zero movement.

Cities worldwide generate 70% of the world’s carbon emissions, but Cityzenith’s AI Digital Twin platform technology can help property asset management groups, city planners, and developers reduce emissions and move to carbon neutrality in the next ten years.

Cityzenith CEO Michael Jansen said at the launch of the ‘Clean Cities – Clean Future’ initiative: “We have to help the most polluted urban centers become carbon neutral, and we plan to do this by donating the company’s Digital Twin platform SmartWorldOS™ to key cities, one at a time, after every $1m we raise. We’re able to do this because of the recent surge of investment we’ve had as part of our $15m raise.”

Cityzenith is already benefiting from the funding shift, attracting $2.5m in investment since late 2020 through Regulation A+ crowdfunding and a surge in shares from $0.575 to $1.50 in just five months. The US company has raised $10m to date.

With a growing trend in climate change investment funds, hopefully we’ll be able to start decreasing carbon emissions and work towards saving the planet.

Money & Relationship illustration by Heather Skovlund for 360 Magazine

Money Issues × Relationships

Are Money Issues Ruining Your Relationship?

Read on for 5 tips to resolve them.

The COVID-19 pandemic has played havoc with families’ finances through lost jobs, squeezed budgets, increased debt, and missed payments.

Money and the decisions spouses make with it are one of the main sources of stress among couples, and sometimes money issues end relationships or cause divorce. But differences can be solved or managed if couples learn to listen to each other and work as a team to formulate a sensible plan, says financial planner Aaron Leak, the founder of ECL Private Wealth Management. 

“No matter how long you have been together, financial issues can wreak havoc on a committed relationship,” Leak says. “When couples don’t agree about spending and saving habits, it causes arguments and resentment.

“But understanding what you’re fighting about and why helps you and your partner come up with solutions. By being transparent and honest with each other about your finances, you can not only prevent arguments that strain your relationship, but you will strengthen it.”

Leak offers these tips for couples to address and resolve financial issues:

  • Understand your money styles. Think of some extreme examples of money styles in your circle. Like your friend, the foodie, who won’t touch a bottle of wine that costs less than $75. Or your sister who constantly surfs Amazon. Or your mom who washes aluminum foil, then folds and reuses it. Everyone has a money style, and it’s helpful to talk about it without any name-calling or labeling involved. Understanding your partner’s spending habits often involves a deep dive into money fears, scarcity memories and childhood traumas. Come up with a spending plan that works for both of you.
  • Decide how to divvy up the bills and save for future goals. You can both put all your earnings in a joint account and pay everything out of that. Or you can split bills down the middle and keep the rest of your own earnings for yourselves. Once you have decided how the bills get paid, you need to devise a plan for saving for your long-term goals. Remember that you need to work closely together as life changes arise – such as one of you losing a job or cutting back on hours to care for a parent. If 2020 has taught us anything, it’s that contingency plans are always advisable.
  • Create personal spending allowances that stay personal. Having some personal money that’s designated just for you each month can really help how you feel about your relationship. It can also help avoid relationship-ruining behavior like “financial infidelity,” when one spouse hides money or purchases from the other. The personal spending allowance gives each partner the chance to spend their money however they wish, no questions asked.
  • Face and eliminate undesirable debt. Couples should employ a strategy to pay off debt, such as paying off the higher-interest debt first or paying off the smallest loans first (the snowball method). Payments on credit cards, car loans, and student loans can devour monthly budgets, so the sooner they are paid off, the better.
  • Set a budget you can live with. One of the best ways to keep in sync with your partner financially is to have a budget as part of your overall plan. The budget includes your household bills, your personal spending allowance, your debt-paying strategy, and your monthly budget for long-term goals like retirement.

“Relationships take consistent work in order to be happy and successful, and money management is a big part of it,” Leak says. “The best way to be sure you and your spouse are staying on the same page financially is to talk honestly and without judgment.”

About Aaron Leak

Aaron Leak has 16 years of experience in the financial industry and is the founder of ECL Private Wealth Management. He holds Series 7, 6, 63 and 66 licenses as well as life, health, and property and casualty insurance licenses.

Piggy Bank illustration by Heather Skovlund for 360 Magazine

Future Fax Filing Tips

Tips for Tax Filing in the Future

Tax time is near, and soon everyone will be rushing to get their taxes filed. Last year, Americans were met with quite a few delays in getting their refunds with the onset of the pandemic.

If you have a refund coming, the sooner you file, the sooner that refund will make its way into your bank account.

If you’re like most tax filers, you probably want to do everything you can to reduce your overall tax bill. We know that taxes are needed to run the government, but there’s no need for you as an individual to pay more than you need to.

Here are a few areas to consider or understand for future tax filing years:

  • Funding tax-preferenced accounts. One way to save on taxes is by putting money in various tax-preferenced savings accounts such as an IRA, a 401(k), and others. Depending on the account type, you can deduct your contribution each year, defer paying taxes on growth or take withdrawals tax-free. In health savings accounts (HSA), you can do all three. There are eligibility requirements you need to meet. An HSA can only be used for medical expenses.  With a traditional IRA, you don’t pay taxes on your contributions, and you defer taxes on the account’s growth. You do pay taxes on withdrawals you make in retirement. A Roth IRA has different advantages. You can’t deduct your contributions now, but your money grows tax-free, and you aren’t taxed when you make withdrawals.
  • Using a 529 for K-12 private or college education. Many people are familiar with 529 plans, but they often think of these solely to save for a college education fund. But a 529 can also be used to pay for a private school in elementary and high school. The significant tax advantage with a 529 is that you don’t pay federal income taxes on the account’s growth. However, you must spend the money on qualified educational expenses and nothing else. This is essential to remember and understand because if you use the money for other reasons, you will pay taxes on that withdrawal, and you will also pay the penalty. A 529 account is something to consider if you have children or grandchildren and want a tax-efficient way to save for K-12 or college education.
  • Making charitable donations. Charitable donations are a great tool for reducing your tax bill. They come with the bonus of allowing you to make a positive impact in your community. Through charitable donations, you can reduce your income tax, capital gains tax, and estate tax. Some people view this most straightforwardly – you choose an organization that qualifies under the tax rules to donate to. There are other ways to contribute as well: You can establish a donor-advised fund, which is a personal charitable account opened in the name of the donors and held by a nonprofit organization. For example, let’s say you sell a stock and, instead of paying the capital gains tax, you choose to place the proceeds in a donor-advised fund. You can claim the total amount as a charitable deduction, although you don’t have to donate the money in one lump sum. The money remains in the fund and can be donated in small amounts over a period of years while drawing interest.

These are just a few things you can consider as you look for ways to reduce your tax bill. Your financial professional will be able to help you work your way through the process and find what works best for you and your situation.

Emmett Till illustration by Heather Skovlund for 360 Magazine

Emmett Till × Mamie Till Mobley

National Trust Partners’ Advocacy Leads to Roberts Temple: Emmett Till and Mamie Till Mobley Senate Bill

Sen. Tammy Duckworth introduced a bill with Senate Majority Whip Dick Durbin (D-IL), Sen. Cory Booker (D-NJ), and Sen. Roger Wicker (R-MS) as co-sponsors to establish Chicago’s Roberts Temple Church of God in Christ as a National Monument. The move would offer the highest level of federal support for the church and would ensure that the National Park Service will preserve, protect, and interpret its powerful impact on American civil rights history for generations to come. Civil rights activist Mamie Till Mobley was a member of Roberts Temple Church of God in Christ, and the church played a historic role in the funeral of Emmett Till, her fourteen-year-old son killed on August 28, 1955, during a visit with relatives in Money, Mississippi.

Rather than cover up the brutality of the murder, Mobley bravely decided to hold an open casket funeral at Roberts Temple Church of God in Christ so people could witness the bitter consequences of racism. When tens of thousands of people came to view young Till’s mangled body from September 3-6, 1955, and photographs of his mangled face were published in journals around the country, it ignited the Civil Rights Movement of the 1950s and 60s, similar to the way George Floyd’s death has impacted movements today. TIME magazine named a photo of the Till funeral one of the 100 most influential images of all time.

Last year, the National Trust for Historic Preservation placed Roberts Temple Church of God in Christ on its 11 Most Endangered Historic Places list, recognizing its groundbreaking significance and the need to restore and preserve the site. Support has continued through Trust grants and technical assistance as well as through advocacy to gain federal support to maintain the site. The Trust has partnered in this work with members of the Till and Roberts families, The Emmett Till Interpretive Center, the National Parks Conservation Association, Latham & Watkins LLP pro bono program, and other interests committed to the longevity of this historic landmark. Efforts are also ensuing to obtain National Park status for Roberts Temple Church of God in Christ, as well as for important sites linked to Emmett Till in Mississippi.

“The Roberts Temple Church is both extraordinarily and heartbreakingly important to Chicago, our state, and to our country’s history,” Sen. Tammy Duckworth said. “It’s time we recognize how historic sites can not only teach us about our history – but provoke us to build a more just future. By designating this church a historic site, we will help ensure that this awful chapter is not erased and that generations of Americans to come can show respect to Mamie and Emmett’s stories.”

The National Trust’s Chief Preservation Officer Katherine Malone-France said, “Our nation will benefit tremendously when Roberts Temple is designated a National Monument, lifting up its profoundly important role in American history. It is imperative that our country appropriately honors the site of Emmett Till’s funeral and of Mamie Till Mobley’s remarkable courage. We are honored to support the Roberts Temple congregation, the Till family, and the local community as they advance this designation and determine how to carry forward the legacies of this powerful place, as a unit of the National Park system.”

Reverend Wheeler Parker, who witnessed his cousin Emmett’s abduction in 1955, and his wife, Dr. Marvel McCain Parker, said, “We are grateful for the introduction of legislation to preserve the legacy of Emmett Till and Mamie Till Mobley by making Roberts Temple a National Monument, which will help to fulfill Mamie’s request for my wife and I to continue her work to ensure her son’s death was not in vain.”

Roberts Temple Church of God in Christ was founded in 1916 and is known as the “mother of all of the Churches of God in Christ in Illinois.” With its founding, it became a central place of worship and political organizing for many who migrated to Chicago from the South during the early 20th Century.

Today, the building remains in use by the Church of God in Christ denomination, now led by Elder Cleven Wardlow who said, “On behalf of the congregants of Roberts Temple and members of the Roberts Family, we strongly support this endeavor as well as the ongoing efforts by racial justice and preservation organizations to obtain federal protection for Roberts Temple.”

Patrick Weems, Executive Director of the Emmett Till Interpretive Center stated, “What took place at Roberts Temple changed the world. We commend the Roberts Temple congregation, the Roberts and Till families, especially Rev. Wheeler Parker, Jr., Dr. Marvel McCain Parker, and Ollie Gordon for their commitment to telling the truth, and we want to thank Senator Duckworth for her leadership in bringing forth this legislation.”

“The time for turning away from this painful chapter in American history is long over” stated Alan Spears, Senior Director for Cultural Resources. “The National Parks Conservation Association applauds Senator Duckworth for introducing this very significant piece of legislation commemorating the legacies of Emmett Till and Mamie Till Mobley.”
For more information on the campaign to designate the Roberts Temple Church of God in Christ National Monument visit their website.

Tech illustration by Sara Davidson for 360 Magazine

Tech Industry Billionaires

70% of the Top 10 Billionaires Generated Their Wealth from the Tech Industry.

Data researched by Trading platforms UK indicates that 70% of the top ten richest people amassed their wealth from the technology industry as of March 1, 2021. The top ten wealthiest individuals control a fortune of $1.14 trillion in total, with tech players accounting for $855.9 billion.

Amazon founder Jeff Bezos is the wealthiest person globally with a fortune of $181 billion, followed by Tesla CEO Elon Musk at $174 billion. Microsoft founder Bill Gates ranks third with a fortune of $135 billion.

The report explains some of the underlying factors leading to the tech sector’s dominance of the top ten rich list. According to the research report:

“The dominance of the rich list by the technology industry figures also points to the sector’s resilience in times of crisis. Technology rose to prominence due to its ability to offer solutions to help people cope with the coronavirus crisis. For instance, during the health crisis, most billionaires in the sector like Amazon’s Jeff Bezos amassed more wealth as more people leveraged on e-Commerce platforms amid the lockdown and stay at home measures.”

The U.S. and China together host 49% of the top 500 billionaires globally.

Additionally, the findings reveal that the United States has the highest number of billionaires globally at 156, while China ranks second at 86. The two countries, therefore, account for 49% of the top 500 billionaires globally.

Germany is third with 28 billionaires followed by Russia at 24. Hong Kong and France follow, with each having 17 billionaires. The United Kingdom and India each have 16 billionaires. Canada is ninth with 15 billionaires while Sweden is tenth with 11 billionaires.

The analysis also shows that the tech industry has the highest number of billionaires globally at 84. Industrial ranks second with 56 billionaires followed by diversified at 50 while the consumer has 43 billionaires. Finance has 37 billionaires, while entertainment has the least billionaires at 10.

For further statistics and information, please visit this website.