Connect with us

World News

Who will get Kim Kardashian’s Bitcoin in the event of her divorce?

Published

on

One of the most high-profile stories in terms of American celebrities in recent weeks has been the news that Kim Kardashian and Kanye West, one of the most famous couples in the world, are apparently headed towards a divorce. This has been in the offing for quite some time, with various signs showing that the couple may not be living in marital bliss anymore after around six years of marriage, and this is likely to be a story that many in the USA and the rest of the world will continue to follow as it develops in 2021. However, oddly enough, there is something here which has garnered the interest of some in the world of finance, specifically in cryptocurrencies as well, due to the Bitcoin that Kim Kardashian owns.

 

Cryptocurrencies have been growing in popularity over the last 12 months or so like never before, with the likes of Bitcoin and Ethereum seeing their prices increase multiple times. In general, the use of blockchain to underpin crypto transactions has been a big reason for its attractiveness, since that makes transactions rapid, safe and anonymous. Many celebrities have been showing interest in crypto during this time as well, and the price that Bitcoin has reached probably makes it accessible, at least if you want to own a full token, only to the rich and famous. However, many industries and businesses are also working on ways to integrate cryptocurrencies into their operations, and the world of online gambilng has been leading this effort. New crypto casinos offer bitcoin gambling, for those interested to have a look, and can allow users a list of new crypto slot games. Thus, Bitcoin and other crypto tokens have seen a lot of interest from businesses, the general public and celebrities, and therefore the question of ownership for Kardashian’s tokens is an interesting one.

 

In 2018, Kardashian was given 1 BTC by Matthew Rozak, the chairman and co-founder of the blockchain firm Bloq, and a founding partner of Tally Capital, as a gift. That token, which would have been worth around $8,000 at the time, is now around $37,000 in value, and even though those numbers are a pittance compared to Kardashian’s overall income and net worth, there are unlikely to be any assets she owns that have almost quintupled in value in around 18 months. Thus, it is likely that this is going to be a valuable asset which will come up during the divorce proceedings, as to its ownership.

 

The couple apparently do have a prenuptial agreement to help settle the ownership of assets in the event of a divorce, but it is unknown if it covers digital assets and crypto. According to California state law, the token would be treated as a Community Property, and therefore would be split equally between both of them, since it was acquired after the marriage. Of course, this assumes that Kardashian does not own any more Bitcoin. If she did, they could form a part of the dispute as well, with Kanye West well within his rights to demand proof of ownership and value, even with private keys being needed to be delivered if a court asks for them. On the other hand, West has been on record talking about the benefits of Bitcoin, so it is possible that he owns some as well. Thus, the couple’s potential ownership of Bitcoin, by either one of them, could be an interesting side-plot in their wider divorce proceedings, which is why this has also picked attention among those in the fintech and crypto space. 

 

Advertisement

World News

Jamie Foxx reveals why he’ll never get married

Published

on

Jamie Foxx, who is one one of Hollywood’s most eligible bachelors, has revealed why he plans on never getting married. (more…)

Continue Reading

World News

HBO Max Acquires Morgan Freeman & Lori McCreary’s THE KILLING OF KENNETH CHAMBERLAIN For Streaming Starting November 19

Published

on

Following the Gravitas Ventures day and date theatrical release, HBO Max has acquired exclusive streaming rights to the award-winning, critically-acclaimed film THE KILLING OF KENNETH CHAMBERLAIN. The film will debut on the platform Friday, November 19. Based on a true story, the film was directed by David Midell (NightLights), produced by Midell and Enrico Natale of Redbird Entertainment, and executive produced by Lori McCreary, Morgan Freeman and Gary Lucchesi of Revelations Entertainment, along with Sharad Chib, Chris Paladino and Milan Chakraborty.

THE KILLING OF KENNETH CHAMBERLAIN, which won a bevy of prestigious awards during its festival run, tells the heart-breaking true story of the events that led to the death of Kenneth Chamberlain Sr., an elderly African American veteran with bipolar disorder who was killed by the police during a welfare check after his medical alert device was accidentally activated. Through a series of unfortunate circumstances and the overly aggressive policing tactics that make the news on an all-too-frequent basis, the life of Kenneth Chamberlain Sr. ended at the hands of those who were sworn to “protect and serve.”

The film’s HBO Max debut date, November 19, 2021, is the 10-year anniversary of Kenneth Chamberlain Sr.’s death.

While the title of the film gives away its tragic end, the real-time reenactment of Chamberlain’s final moments alive are a powerful reminder of how interactions with the police can, and do, end for many people of color, and people with mental health challenges, in the United States.

As a former behavioral therapist, and on the autism spectrum himself, director David Midell comes to this material with an added layer of personal experience. “Our goal all along has been to ask important questions about how our criminal justice system treats people of color, people in low-income areas, and people living with mental health challenges.

“I always say it’s bigger than my dad,” Kenneth Chamberlain Jr. said. “It’s about all the lives that have been lost in this pandemic of killing black men, women and children. And I just hope that the film is…going to force a discussion.”

Producing partners Freeman and McCreary were incensed that the film could not find distribution, and immediately offered to help by using Freeman’s voice and Revelations’ brand to help amplify the story. “We simply could not stand by and see this film ignored. Kenneth Chamberlain Sr.’s story, whose death in 2011 was largely ignored by the national media, deserves to be known by the world,” states Freeman and McCreary.

THE KILLING OF KENNETH CHAMBERLAIN comes at an important time in the national conversation about systemic racism and is a searing example of law enforcement’s sometimes callous and cruel treatment of people of color, echoing recent high-profile incidents involving George Floyd, Breonna Taylor, among countless others. THE KILLING OF KENNETH CHAMBERLAIN world-premiered at the Austin Film Festival and won the Audience Award and the Narrative Jury Award there. At the Urbanworld Film Festival last year, it claimed the Jury Award for best US Narrative, and continued winning at festivals, and led to an independent Spirit Award Nomination for David Midell in the “Someone to Watch” category.

Continue Reading

World News

Kourtney Kardashian and Travis Barker are engaged

Published

on

Kourtney Kardashian has confirmed her engagement to Travis Barker with a romantic post on Instagram. (more…)

Continue Reading

World News

Squid Game is Netflix’s ‘biggest ever’ series launched

Published

on

Netflix says “Squid Game” is its biggest series launch of all time. (more…)

Continue Reading

World News

Tyga accused of domestic violence by ex-girlfriend Camaryn Swanson

Published

on

Tyga is facing accusations of domestic violence from his ex-girlfriend. (more…)

Continue Reading

World News

Demi Lovato claims the word ‘alien’ is offensive to extraterrestrials

Published

on

Demi Lovato thinks the word “alien” is offensive to extraterrestrials. (more…)

Continue Reading

Win

Watching gossip makes playing online a much more enjoyable experience. A good show can certainly improve any immersion. The bitcoin casino scene has exceptional games available for you to play while watching your shows. Crypto casino is a great way to mix gaming, and gossip, as you can watch all your shows, and it will be an enjoyable experience.

Trending