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Blackout of social networks revealed that part of society is nomophobic

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Accelerating Growth on Social Media
geralt / Pixabay

The blackout of social networks (Instagram, WhatsApp and Facebook) on Monday (4) revealed chaos far beyond a technological issue. We live in a society increasingly dependent on digital content and this can pose serious risks to your physical and mental health. People had to spend hours without access to their favorite digital content and many revealed how dependent they are on these tools.

Through this event, I monitored people’s behavior during and after the return of social networks. If, while the blackout lasted, the person picked up his cell phone to constantly look for something to do or analyzed whether he had already returned. If the person sought other social networks, this is already a warning for a possible addiction. Depending on the degree that it affected, revealing the size of the problem.

It is necessary to remember that a short time ago we did not have these networks and we lived. What happens today with self-indulgence so that we are not able to use other means and arguments in everyday life? To find out if the person is suffering from this addiction, see some situations that happened to many users during this time when the applications were down.

  • He stood looking at his cell phone not knowing what to do;
  • I would enter applications constantly to see if it was back;
  • You got into apps you didn’t use and got lost;
  • He felt agony;
  • Existential Void;
  • He became impatient and/or irritated;
  • He had the impression of receiving notification;
  • Mood change.

If you experienced some or many of these symptoms during Monday (4), during the blackout of social networks, it’s a good idea to turn on the warning sign, as these symptoms are related to nomophobia. To make matters worse, there are cases in which the person feels this absence so much that they may experience nausea, sweating, among other physical symptoms.

But what causes nomophobia?
Nomophobia is a phobia caused by discomfort and/or anxiety when the individual is without access to communication through electronic devices.

In the brain, in the region of the basal ganglia, working with the limbic system, the sensation of pleasure that the release of dopamine promotes with each new like or expectation of a message received on the social network transforms the habit into addiction, encouraging people to become increasingly online seeking reward, increasing anxiety that works as a pendency for this search.

Furthermore, the function of dopamine is to provide positive feedback, a reward to the body, which becomes a constant search. This is compensatory, as the anxiety itself tends to seek more or get into a bad atmosphere asking for more reward. Like an intermittent and gradual cycle.

People who use social media to work in their daily lives reported feeling relieved and dropping their braces during the blackout. This occurs because the social network is being exploited as a professional responsibility in these circumstances; when we do something out of obligation, we are rewarded for doing something out of obligation. In contrast to folks who use social media for fun, it becomes a need with time.

This does not include influencers, who justify the addiction to the social network as a profession, or the production of content on the social network that has become a profitable profession, yet, in this way, it is part of the vicious cycle.

Excel: Six Functions You Need to Know to Use at Work

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Graphs
Image by janjf93 from Pixabay

Excel is one of the most used programs by professionals. Microsoft’s spreadsheet editor has features that go far beyond formulas: it allows you to create visual panels, perform data searches, Excel functions create graphics for presentations, among countless other features. The tools are available in their entirety for the desktop — whether in Windows or macOS — and, to a large extent, also in Android and iPhone (iOS) mobile apps.
The spreadsheet program in the Office suite concentrates several options that help in the day-to-day — professional and personal — of its users. MKTPlace has separated a list with six useful functions for those who work with the editor.

1. Dashboards
A dashboard is a visual dashboard that shows all the important information about a business or process. It helps organize data and metrics that will be taken into account when making decisions. This ability is interesting for many professions, but it is especially used by IT professionals and in business management.

In Excel, the first step to create a dashboard is to build a spreadsheet with the data you want to display in the dashboard. Then you need to select it, go to the “Insert” menu and select “Pivot Table”.

Select two fields and create the pivot table, repeating the process with different fields to form multiple tables. The next step is to build dynamic charts with the assembled tables. At the end, you’ll have a dashboard full of information organized in a much more intuitive way than in the original spreadsheet.

2. Graphics
Graphing is another visual solution for organizing data. They are used by a huge amount of professionals such as managers, accountants, IT workers, human resources and others. The function is also very useful for students and teachers, as well as anyone who wants to give presentations.

Excel has a huge variety of chart types, such as pie, bar, line, column, area, radar, among others. To generate a graph, just select the table with the database, click on the “Insert” menu and select the preferred model. Each type can even be customized with colors, styles, fonts, alignments and design to the user’s taste.

3. NPV
Excel functions allows you to calculate the Net Present Value (NPV), an account used by investors to find the real gain of an application. The calculation is necessary for both individual investors and entrepreneurs who wish to increase their company’s equity.

Microsoft’s spreadsheet editor has the VPL function. The formula is “=vpl(rate;value)”, without quotes, and must be typed in a blank cell. If there is more than one period, it must be added in sequence.

Net Present Value
Net Present Value

4. Pivot table
Excel pivot tables synthesize data from very large tables, making it easy to analyze information. They are automatically updated when the values ​​in the original table are changed, keeping the information always correct. These characteristics make the resource interesting for positions that deal with a large volume of information, such as personnel department managers, marketers, developers, etc.

After selecting a simple table, go to “Insert” and choose “Pivot Table”. As described in creating dashboards, you can create multiple pivot tables using different fields from the same original table. They can be entered in the same spreadsheet as the original or in a new one — the automatic update will work just as well.

5. Conditional formatting
Conditional formatting is for highlighting cells based on certain values ​​or parameters. For example, you want to quickly see which months you spent more than US$1000 in the supermarket. To do this, just take the household budget spreadsheet and apply conditional formatting so that Excel will redden the cells larger than this amount.

The feature, which can be used by virtually all professionals who work behind their computer screen, is located within the “Home Page”. Select the table and click on the menu to view the tool. Excel provides a shortcut to the most popular templates, but you can edit conditional formatting by going to “More rules” to create your own standards.

6. PROCV
Excel’s VLOOKUP function lets you find data in rows of a table or a range. It performs a vertical search — that is, along a column — based on a given value and offering in response other data from the corresponding row, where the searched value was found. In this way, it links different tables, avoiding duplication of data and typing errors.

Its formula is “=VLOOKUP(search_value;table_array;column_index_num;[search_range])”, without quotes. In this string, “search_value” is what you want to find; “table_array” is the interval where the function will perform the search; “column_index_num” is the number of the column where the answer will be displayed; and “search_range”, optional padding, allows the user to define whether they want VLOOKUP to find an exact or approximate match. Yes, Excel functions are so usefull!

Asian markets grapple with Evergrande fallout as declare over a China energy crunch grows

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Color Mundi
Image by TeeFarm from Pixabay

Asian stocks mostly fell on Tuesday as traders remained concerned about China Evergrande Community’s unresolved financial problem and assessed the functional impact of China’s increasing energy constraint.

The largest Asia-Pacific stock index from Morgan Stanley Capital World goes live today. Following a choppy day on Wall Street, Japan fell 0.13 percent on Tuesday.

The benchmark S&P/ASX200 index in Australia fell over 1% in early trade Tuesday, while the Nikkei in Japan fell 0.6 percent.

On the start, China’s blue chip index CSI300 gained 0.1 percent, while Hong Kong’s Hold Seng Index gained 0.44 percent.

The type ahead for Evergrande, the sector’s most indebted property developer, is being forensically scrutinized by retailers after the company remaining Friday did now not meet a closing date to beget an curiosity fee to offshore bondholders.

Evergrande has 30 days to beget the fee prior to it falls into default and Shenzen authorities are actually investigating the company’s wealth administration unit.

With out making reference to Evergrande, the Individuals’s Monetary establishment of China (PBOC) acknowledged Monday in a commentary posted to its net predicament that it might presumably perchance “safeguard the respectable rights of housing customers.”

Widening vitality shortages in China, throughout the interim, halted manufacturing at a sequence of factories together with suppliers to Apple and Tesla, and are anticipated to hit the nation’s manufacturing sector and related present chains.

Analysts cautioned the persevering with blackouts may perchance perchance affect the nation’s listed industrial shares.

“What we gaze in China with the builders and the blackouts goes to be a unfavorable weight on the Asian markets,” Tai Hui, JPMorgan Asset Administration’s Asian chief market strategist informed Reuters.

 

European shares hit 2-month lows on inflation worries

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European Union
Image by M. H. from Pixabay

European shares slumped to their lowest in two months on Friday, as warnings from corporations and manufacturing facility say recordsdata highlighted the economic headwinds from present-chain constraints and elevated costs.

The Europe-wide index fell 0.4% in a extinct originate to October, which has historically been a tricky month for equities, with know-how, miners and banks main large declines. The STOXX 600 ended the week with declines of two.2%.

On-line electricals retailer AO World Plc tumbled 24.3%, saying a shortage of transport drivers in Britain and completely different disruptions within the realm current chain hit revenue improvement within the first half of of the yr.

Throughout the meantime, a inquire of confirmed euro zone manufacturing improvement remained stable in September nonetheless say took a mammoth hit from current chain bottlenecks which may presumably presumably be inclined to persist and protect inflationary pressures extreme.

“Just because it seems the ECB will protect its protection for the foreseeable future, would not imply that elevated inflation must be omitted,” talked about David Madden, market analyst at Equiti Capital.

Underwhelming figures from Asian factories and in a single day losses on Wall Highway dented the realm mood as shoppers awaited a file that’s anticipated to degree to euro zone inflation surged to a 13-year extreme.

With govt bond yields surging to multi-month highs and considerations about inflation coming to the fore, the benchmark STOXX 600 closed September 3.4% lower in its worst month-to-month exhibiting in virtually a yr.

“For equities, this combination of slowing improvement – albeit at a extreme stage of search recordsdata from – rising inflation and elevated bond yields has meant slightly bit elevated volatility, lower market returns and a rotation beneath the ground,” Goldman Sachs (NYSE:) strategist Sharon Bell talked about in a hint.

“It hasn’t helped that earnings revisions possess additionally started to slack from their frenetic dart earlier within the yr.”

BofA International Evaluation lower its outlook for European shares, predicting a decline of in relation to 10% by year-cease given a shift within the macro backdrop in opposition to “anti-goldilocks”, the place slowing improvement is accompanied by elevated low cost prices.

BMW AG rose 1.3% after lifting its annual revenue margin forecast as elevated costs for current and veteran autos outweighed the type of present-chain factors.

French roar-owned utility EDF (PA:) and vitality neighborhood Engie rose 5.9% and a pair of.5%, respectively, with merchants pointing to discount that electrical energy tariffs had been untouched by the supervisor in its opinion to own a have a look at further mark rises.

France’s most practical telecoms neighborhood Orange fell 0.8% after it talked about it’ll steal insurer Groupama’s 21.7% stake in Orange Financial institution, its on-line banking unit.

Coinbase reveals that hackers stole cryptocurrencies from at least 6,000 customers

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Coinbase reveals that hackers stole cryptocurrencies from at least 6,000 customers

According to a security statement provided to consumers impacted by the incident, hackers took funds from the accounts of at least 6,000 clients at the cryptocurrency brokerage Coinbase on Friday (1).

According to Coinbase, the theft took place between March and May of this year, when unauthorized third parties took advantage of a weakness in the firm’s account recovery procedure to obtain access to victims’ accounts and move funds to bitcoin wallets not affiliated with the company.

According to the Reuters news agency, a Coinbase representative said, “We quickly rectified the vulnerability and began to work with these clients to recover control of their accounts and compensate them for lost cash.”

Coinbase further explained that hackers needed to know emails, passwords and phone numbers associated with accounts to managed to carry out the attack as it was done. This raises questions of how hackers managed to apply the scam, with discussions on the net of which employees could be involved in the case. Nevertheless, the brokerage stated that there is no evidence to indicate that the information was obtained from the company .

Coinbase shares traded on the New York Stock Exchange closed with a high of 1.61% this session, following the very positive day market attainment, quoted at US$ 231.15. (With Reuters)

GeForce RTX 40 series can cost up to twice as much to avoid mining

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Laptop NVidia
Image by StockSnap from Pixabay

Nvidia’s GeForce RTX 40 series graphics cards can be launched for even steeper prices than the previous generation. The new values ​​can range from US$ 399 to US$ 2,999 .

The information was released this Monday (13) by the Chinese website My Drivers. According to the page, Nvidia is adopting the price increase strategy to discourage the use of the pieces by cryptocurrency miners and to get back the line for hardcore gamers.

The company even released specific pieces aimed at mining and even put blockers on game models, but that didn’t help. Reports from March indicated that it is possible to circumvent the so-called hash rates on common boards.

GeForce RTX

Because of the scenario, which has even contributed to the scarcity of plates and the increase in prices, Nvidia seems to have seen the readjustment policy as the only way to bring the market “back to normal”. And the increases, compared to the GeForce RTX 30 series, reach 100%. Check the comparison below:

RTX 3060: $329/RTX 4060: $399 (21% increase);
RTX 3070: $499/RTX 4070: $799 (60% increase);
RTX 3080: $699/RTX 4080: $1,199 (71% increase);
RTX 3080 Ti: $1,199/RTX 4080 Ti: $1,999 (66% increase);
RTX 3090: $1,499/RTX 4090: $2,999 (100% increase).

Other models
Last week, the YouTube channel Graphically Challenged had already released a forecast of product prices. The values ​​match those reported by My Drivers, and the list still reveals alleged prices for the GeForce RTX 4050 (US$ 279), RTX 4050 Ti (US$ 329) and RTX 4060 Ti (US$ 499).

Nvidia has not commented on the matter and the expectation is that the new series of graphics cards will be unveiled next year for release in late 2022.

Yahoo Announces Former CEO of Tinder as New Chief Executive

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Yahoo Logo

Yahoo announces former CEO of Tinder as new chief executive. Again a separate company with the original name, Yahoo now has a new CEO. Taking over the role is Jim Lanzone, who previously held the role of Executive Manager at the Tinder Relationship App.

Lanzone will be responsible for managing Yahoo after the company’s latest market move. Under the name Verizon Media, it was acquired by investment fund Apollo Global Management. Despite not having detailed plans for the company yet, the group has in its hands a portal widely accessed around the world, Yahoo.com, in addition to services such as email and news on sports, technology and finance. AOL, a former content provider and portal, is also part of the package.

Lanzone
by  Wikimedia Commons 

Prior to joining Match Group, Lanzone worked for more than a decade for US broadcaster CBS, including as the head of the conglomerate’s interactive arm. He replaces Guru Gowrappan, who is now a “senior advisor” within Apollo’s own executive board.

Replacement
At the same time, the Match Group has already confirmed who will occupy the chair of CEO of Tinder. The chosen one is Renate Nyborg, who since October 2020 was general manager of the platform in the Europe, Africa and Middle East regions.

Chosen for her leadership in expansion regions and in times of high service, the first woman to hold the position at the company begins work on September 27th.

The American company will  be affected after Yahoo announces former CEO of Tinder as new Chief Executive.

JEDI Cloud: Pentagon cancels $10 billion contract with Microsoft

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Pentagon and Microsoft
Image by David Mark from Pixabay

The US Department of Defense has officially canceled a contract to provide cloud storage services. Microsoft had an agreement with the Department and it won. The company was made official as the winner of the $10 billion deal for the JEDI Cloud project, promoted by the Pentagon, in October 2019, but there were some setbacks.

In recent days, the Pentagon has restarted procedures and transformed the plan into a new multi-buyer contract and will seek joint proposals from Microsoft and Amazon, and is also willing to analyze possible proposals from other interested companies that manage to meet the necessary requirements. The idea is for the new decision to be final, especially given the current delay in proceeding with the project.

Although some Microsoft workers objected to the decision to make a proposal, JEDI would have seen Microsoft supply cloud services for data storage, artificial intelligence activities, and other computer needs. JEDI was put on hold as a result of the lawsuit, but a judge permitted the matter to go to trial this spring.

In 2018, there was a third party interested in the business, but Google withdrew from competing for the JEDI Cloud project and was deemed unable to provide the necessary structure. On the other hand, Amazon, which was defeated, accused then US President Donald Trump of favoring its rival in the choice.

In court, the process went ahead in April this year with a favorable opinion to Amazon’s prosecution — which probably influenced the recent move by the government.

Amazon celebrated the Pentagon’s new decision in a statement, while Microsoft said it respects the decision and that the country’s security is more important than contracts.

Great Communicators Don’t Use PowerPoint

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sir Ken Robinson

There is scientific evidence that PowerPoint – not the software, but the concept – is not very productive. And it is shown by the fact that great communicators don’t use PowerPoint. The problem is that displaying words on a screen while speaking (regardless of whether you’re reading or showing the pictures) doesn’t increase audience understanding and retention. Therefore, time spent building a PowerPoint presentation is wasted.

In any case, the world’s truly great communicators have long since abandoned PowerPoint (and its clones) in favor of non-slide approaches. Here are four alternative methods:

1. Go totally without slides (Sir Ken Robinson)
One of the most watched (62 million views) and most loved TED Talks of all time features educational reformer Sir Ken Robinson. Rather than clogging up his message with slides, he presents his ideas in a way so engaging and clear that his words go to the heart and stay in the brain.

While this oratory approach requires effort to create and rehearse, it is effort that really increases audience understanding and retention. As an added benefit, a speech without slides focuses on the speaker rather than the screen, creating a deeper emotional connection between speaker and audience.

Another advantage is that when people don’t know they’re going to receive a slide handout, they’re much more likely to take notes, an activity that greatly increases retention, especially when done with a pen or pencil.

2. Start with a briefing document (Jeff Bezos)
Instead of giving presentations at his meetings, Jeff Bezos requires the caller to prepare a 1-3 page briefing document containing the relevant ideas and requested decisions. Participants spend the first five minutes silently reading the document and then lead a brief discussion of its content.

Creating a fully formed, readable, self-contained document requires you to carefully consider your ideas and then express yourself clearly. This is more work than creating an outline of bullets, but it ensures that you communicate more accurately, which is beneficial for everyone. That shows us great communicators don’t use PowerPoint.

Also, a summary document is more useful to take with you than a set of slides (or a video of your presentation) because it contains fully formed thoughts that can be read and absorbed quickly. The hard copy also provides a place where participants can take notes.

3. Provide workbooks to fill in the blanks (Tony Robbins)
One of the most memorable performances I’ve ever experienced was at a Tony Robbins event a few years ago. Robbins, who has recently been controversial but remains a phenomenally effective communicator, distributed bound books containing the points he planned to make, but with blank areas for the audience to fill in the missing parts.

Creating this type of workbook takes about the same effort as creating a slideshow, but it makes the presentation more memorable rather than harder to understand. In fact, I still remember many of the points that Robbins made … more than two decades later.

4. Avoid meetings altogether (Mark Cuban)
Finally, there’s the Gordian solution: just stop holding meetings altogether. It is notorious that Mark Cuban only goes to meetings when he is on the TV show Shark Tank. Otherwise, he conducts business entirely via email.

I’m not sure this approach is practical for everyone, but it’s worth it, it’s been over a year since I’ve been submitted to a PowerPoint presentation. (Although I gave it another day, which in retrospect was a method of communication I should have avoided.)

Yes, great communicators don’t use PowerPoint. But let’s face it: 90 percent of the time you can ask a would-be presenter “what’s the gist, in three sentences” and you’ll get more conversational results than if you watched an entire PowerPoint presentation. Rule of thumb: Instead of PowerPoint, get to the point.

Silver Economy: Population aging brings business opportunities

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Silver Economy
Image by 👀 Mabel Amber, who will one day from Pixabay

The silver economy moved US$ 15 trillion worldwide in 2020

By 2050, one-fifth of the world’s population will be 60 years old or older — that’s more than 2 billion people. In 2030, the number of elderly people will exceed the total number of children between zero and 14 years old.

“The Silver Economy”, a study carried out in 2018 for the European Commission by the Technopolis Group and Oxford Economics, notes that in 2015 in Europe, 39% of the population – 199 million people – was over 50 years old and spending on products and private services amounting to approximately € 3,300 billion. An estimate that in 2025 it is expected to reach 222 million people, equal to 42.9% of the European population, with a spending capacity of approximately 5,000 billion euros.

In this scenario, the so-called silver economy, the set of products, services and solutions aimed at individuals over 60 years of age, has gained prominence. To give you an idea, according to the Harvard Business Review, this market moved US$ 15 trillion in the world in 2020.

In many countries we still have a movement of opening companies for this discovery. Many have not yet managed to perceive opportunities. The numbers we have are already relevant, but they will still grow much more. The future perspective is of a growing market both from the point of view of entrepreneurship and large companies that end up creating new products, services and solutions for this audience.

So this shows us the great potential that this sector of the economy has for new investors. Maybe it’s the opportunity to check if this is not the way to start a new business

Windows 11, the presentation and release of the new Microsoft operating system

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Windows 11

Windows 11 was unveiled by Microsoft. Not a simple update and at a time that is anything but casual: for the most popular operating system in the world, with over 1.3 billion users, it is time for a new generation, designed for a new phase of the world. The pandemic has put the personal computer back at the center of our lives, after years in which the rise of the smartphone seemed irresistible. And Microsoft is ready to seize the opportunity, as CEO Satya Nadella himself admitted: “With Windows 11 we give a new meaning to the role of Windows in the world.” And he cited three aspects around which the idea of ​​the Redmond company revolves: “Windows now recognizes us, there cannot be a ‘personal computer’ without a personal ‘digital agent’; Windows is a stage to create, to free the ingenuity that is in each of us; Windows is not an operating system but it is a platform to create your own platforms, communities and businesses, “said the man who led the company to new triumphs, up to the very recent milestone of $ 2 trillion in capitalization on Wall Street.

Android apps on Windows

In Nadella’s words, there is the turning point that the Indian-born manager has given the company: an “open” Microsoft, based above all on the cloud and on interoperability with other platforms and other systems. And here, one of the most surprising announcements, Windows 11 will be able to run Android apps (through a partnership with Amazon and its Amazon Appstore). The apps of Android can be opened alongside other software.

Something new was needed

With Windows 11 Microsoft wants to propose the Windows “of the next decade and beyond” as Nadella said again. It must be able to manage the changes that have been going on for some time in the world of PCs, with the many new two-in-one devices (just like Microsoft’s own Surface), equipped with digital pens, touchscreens and also controllable with the voice. This is why Windows 11 arrives, despite Microsoft having presented Windows 10 in 2015 stating that that would be the definitive name, that “there would be no Windows 10.5 or Windows 11” and that the necessary updates would simply arrive, as and when there it was needed. Something new was needed, which in Windows 11 is immediately grasped, right from the first installation.

The news, from the Start button to more streamlined updates

The Start button, a cornerstone of Windows since the fundamental Windows 95 version, in the eleventh version of the system is no longer on the left but in the middle, with a style more similar to the Mac Dock. forgettable Windows 8. According to Microsoft, the new User Interface is used to find the documents and applications we need earlier and better. New transparencies arrive, animations on transitions, the possibility of having “dark mode” or “light mode” (dark or light interface), faster web browsing on Edge but also on other browsers, Windows Update updates up to 40% more lightweight also to make the servers and the network work less (or to consume less and therefore be more “green”).

Microsoft showed a short video introducing the new system via Youtube:

Designed for smart working

Windows 11 is meant for times when you work on multiple devices and in multiple environments and situations. The search works on your pc, on Onedrive and on the web. Office 365 is integrated and offers the latest files no matter which device you are using. Snap Layouts is coming: it manages windows for multitasking, offering a full-window layout, divided into two or 4 windows (or more) depending on the size of the monitor in use. Resuming work becomes easier: if you set up windows in a certain way on an external, large monitor connected to the notebook, then unplug the laptop and work elsewhere, when you reconnect the computer to the secondary display the windows revert to their arrangement more suitable for a large screen.

Windows Widgets are back

Virtual desks now have their own background and their own aesthetic settings to understand where you are at a glance (you can set a desktop for work, one for home, one for gaming, etc). Windows Widgets are coming, a personalized and updated feed by artificial intelligence that offers the most useful tasks chosen by the user at a glance: calendar, weather, news and so on. The Windows Store is up to date, not only with Android apps but also with video content from external providers (Disney Plus was shown).

Is Bitcoin in a downtrend?

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Bitcoin
Image by mohamed Hassan from Pixabay

In a month marked by high volatility due to increased uncertainties regarding its mining in China, bitcoin experienced on Tuesday, 22, a drop of almost 10%, trading below $ 29,000, a level not seen since January. And this makes many investors wonder if Bitcoin in a downtrend. Even with a quick recovery during the day, the cryptocurrency became one of the main subjects among economists and crypto-active experts, who, despite the fall, highlight the long-term value of bitcoin.

The drop in the price of bitcoin in recent months is a response to a number of factors in the current market moment, with emphasis on the Chinese government’s contrary stance on cryptocurrency mining and, to comments from big names in the financial market. The hunt for bitcoin miners in China and statements by Michael Burry, the investor who inspired the movie The Big Bet, about excessive leverage in the crypto market are negatively impacting prices.

These factors, such as bans in China and pessimistic comments a possible market crash, are nothing new for cryptoactive investors, who should keep their focus on the long term.

If the price had not risen so sharply since the end of last year, there would be less concern about this fall.
From a more technical perspective, Ki Young Ju, CEO of data analysis firm CryptoQuant, has shown that the market’s current momentum is indeed uncertain and, because of this, deserves increased attention until its direction becomes clearer.

“The market is very uncertain at the moment. We are in a neutral range now. Stop the trades, be patient and wait for the next volatility,” CryptoQuant’s CEO posted on Twitter. Despite this, Ki Young Ju commented that its duration should not be long, pointing out that “the market is still positive in terms of supply and demand in the long term.” So we see it’s too early to say  Bitcoin in a downtrend.

According to experts, a drop of this magnitude is not likely to happen again, mainly because of the entry of large investors into the market, who may see the current moment as a buying opportunity for the long term.

Every bank is working on its own crypto-active related project and how to offer bitcoin to its wealthy customers.
Glimpsing the opportunity to increase their position in bitcoin by paying less for the cryptoactive, several companies have made large bitcoin purchases during the downturn, such as MicroStrategy. Headed by Michael Saylor, the company focused on enterprise software development, announced on Monday, 21, the purchase of an additional 13,005 bitcoins for $489 million, which brought the company to over 100,000 bitcoins in its possession.

Joe Biden Considers Exempting US Refineries from Biofuels Target

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Biden

Joe Biden Considers Exempting US Refineries from Biofuels Target. The issue confronts two important supporters of the current administration: refinery executives and farmers who depend on biofuels mandates to sustain a huge market for corn.

The impasse could cause a turnaround in the government, which had been reversing the expansion of exemptions to the Standard for Renewable Fuels (RFS) program, created by the previous president, Donald Trump.

In principle, the law requires refineries to mix billions of liters of ethanol and other renewable options into their fuel each year or to buy credits from those who do.

The credits, known as Renewables Identification Numbers (RINs), are currently at their highest price in the program’s 13-year history. Consequently, refiners argue that the RFS threatens to bankrupt fuel manufacturers already hit by the drop in demand seen during the pandemic.

The value of renewable fuel credits fell 15% on Friday morning after the news broke. They traded at $1.70 each, down from $2.00 on Thursday, traders said. Later, the papers were sold at US$ 1.85.

Democratic senators Chris Coons and Tom Carper of Delaware — Biden state — have had at least two meetings in recent weeks with US Environmental Protection Agency (EPA) head Michael Regan to discuss measures to help the refiners, according to the three sources.

Coons and Carper were trying to help the only refinery in the state, a plant with a production capacity of about 28,600 liters a day. These requests were added to a chorus of appeals from other states that own refineries, including Pennsylvania, Texas and Louisiana. It means means Joe Biden considers exempting US refineries from biofuels target

At the meetings, according to two of the sources consulted, Regan and the senators discussed options such as: a general national exemption from some obligations; reducing the number of renewable fuel plants in the future; the creation of a price cap for credits; and issuing a declaration of emergency.

EPA spokesman Nick Conger confirmed that Regan had met with senators but did not comment on the discussions or confirm whether the agency is looking for ways to provide relief to refiners.

Coons did not respond to requests for comment. A Carper spokesman said the senator spoke with Regan several times about the high costs of RINs. It help us to understand that Joe Biden considers exempting US refineries from biofuels target

Refineries like PBF Energy, which operates the plant in Delaware, said biofuel laws could close factories and wipe out thousands of unionized jobs.

The company recently closed most of its refinery in New Jersey after the latest in a series of shutdowns along the east coast of the United States.

The region, which faces higher refining costs because of its distance from oil fields, has seen fuel production capacity drop by about 40% since 2000.

Federal data show that only eight of the 17 refineries operating on the US East Coast in 2000 are still operating.

In addition, at least one company is already betting that the government will end up helping the refineries. Reuters previously reported that Delta Air Lines Inc stopped purchasing RINs, leaving its refinery in Pennsylvania with a liability of $346 million at the end of the first quarter of 2021. So this situation show us Joe Biden considers exempting US refineries from biofuels target

El Salvador is the first country to adopt bitcoin as its official currency

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Bitcoin and El Salvador

The Congress of El Salvador approved, early this Wednesday, the 9th of the law that classifies bitcoin as a legal tender in the country. The decision makes El Salvador is the first country to adopt bitcoin as its official currency.

Salvadoran President Nayib Bukele announced the plan last weekend and is expected to enact the law this Wednesday morning. The idea, according to him, is to increase the dynamism of the economy and make the country more attractive to investors.

“The ‘Bitcoin Law’ was recently passed by the Legislative Assembly with a qualified majority. 62 out of 84 people voted! It’s all in the past! “, the president exulted. “This is a legislation that will place El Salvador on the map, and we’ll be more appealing to global business,” said Congressman Romeo Auerbach, a Bukele supporter.

Anabel Belloso, from the opposition, who voted against the project, lamented that the law “has not been discussed with specialists, nor with patience”: “The law has many implications in the economic sphere and not everyone knows how this will work, leading to considering that cryptocurrencies are volatile in the market, they are unstable,” he said.

With the new law, bitcoin must be accepted as a form of payment by “any economic agent” in the country, excluding those who “It is a well-known truth that they do not have access to the tools that allow them to conduct bitcoin transactions.” Part of country’s population is excited for El Salvador is the first country to adopt bitcoin as its official currency .

For accounting purposes, the US dollar, the official currency of El Salvador, will be used as a reference, but the text states that the bitcoin exchange rate “will be freely established by the market” and that the State will provide alternatives for “automatic and instantaneous conversion between the bitcoin and the dollar” for those who prefer it that way.

According to Bukele, giving bitcoin the status of legal tender in the country aims to generate jobs and increase “financial inclusion for thousands of people outside the formal economy” – according to the president, 70% of the population of El Salvador is currently unbanked.

In addition, the Salvadoran president also said that bitcoin could make it easier for Salvadorans living abroad to send money to friends and family in the country.

Currently, El Salvador’s economy is heavily dependent on remittances sent from other parts of the world, which represent more than 20% of GDP. Data show that more than two million Salvadorans living abroad send around 5 billion dollars  each year to their home country, that is the first country to adopt bitcoin as its official currency.

Providers of this type of service charge high fees and operations take days to be carried out. With bitcoin, the cost and timeframe for these transactions would be reduced considerably: “This will improve the lives and futures of millions,” predicts Bukele.

Top 10 Trading Tips When Bitcoin Price Is Rising

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Bitcoin
Image by Bastian Riccardi from Pixabay

When Bitcoin price is rising, gaining over 40 per cent in value in just over three weeks our cryptocurrency expert Bob Loukas, has provided a key trading tips. As the founder of Bitcoin.Live, the educational cryptocurrency platform for traders, Bob believes that this might be the end crypto distrust, and invites traders to utilize this spike and give trading a go.

1. Trade the Trend

“The trend is your friend” may be the most widely used truism in investing…and it’s directly applicable to the study of Cycles. With Cycles, we attempt to identify significant Lows that mark the start of new trends. If you always trade with the trend and never trade against it, you’ll significantly increase your odds of trading success. The most important of all trading tips.

Trading a trend with Cycles is fairly straightforward in concept – if a longer-term Cycle is moving up, buy the troughs of a shorter Cycle; if a longer-term Cycle is moving down; sell the tops of a shorter Cycle.

2.  Work for Optimal Trade Entries

Optimal trade entries are those that occur when the underlying asset is finding its Investor Cycle Low.  These lows occur 2-3 times per year, generally after frightening drops, and most often in concert with major, trend-changing events. Trade entries at these lows typically have strong risk/reward profiles.

3.  Stop Losses

Another trading tip: each position must have a stop loss. Know when to cut your losses and never be afraid of missing a rally. If the position is going against you, get out and regroup. Leaving a trade with a small loss is easy but allowing a small loss to balloon into a large one is inexcusable and sets the scene for a catastrophic loss in a portfolio. Too many investors stubbornly hold onto losing positions rather than admit that price did not move as they thought it would.

4.  Protect Capital First…Then Worry about Winning Trades

A natural extension of #3, protecting capital is the single most important step in wealth management.  All the winning trades and associated gains are worthless if you give them all back through a few lousy portfolio-busting trades.

Avoiding losses is about letting go of the idea that each trade must be a winner. Once you understand that you won’t, can’t and don’t need to win every trade – and that missing a rally is just fine – you’ll be able to exit trades without regret while losses are still small. And if you ensure that your losses are small, you can be successful with only modest winning trades.

5.  Position Sizing

Keep your positions in check relative to your overall portfolio size.  Learn to fully understand each trade, especially its setup and probability of success. Since no two trades are alike, you should adjust your position size according to the risk/reward profile of each trade. Also, be sure to track your trading results – when you’re doing well you can be more aggressive and when results have been mixed, you should trade more modestly.

6.  Leverage and Options

Unless you’re a true expert, avoid significant leverage.  The only times you should consider leverage or options are at the beginning of new Secular or Investor Cycles. This is because the odds of success are the greatest at these key Cycle Lows. Plus, a nearby Cycle low offers a tight stop.

7.  Investing with a Plan

Trading without a plan is a proven losing strategy.  Whether you follow the Market Cycles via The Financial Tap or some other system, you must always have a plan in place which includes trade size, conditions for entering a trade, and reasons for exiting a trade.  Think through them all in advance so that, no matter the market conditions, you’ll know how to respond. Also make sure to ask yourself some key questions: “Why am I buying/selling here? Does this fit my plan/strategy? Am I likely to question the trade (for non-plan compliance) in the future?”

Trades go against investors all the time, even when the trades were entered via a well-defined strategy and according to a preset plan. Losing trades are normal – they are the price of trading. Losses provide you with the opportunity to tweak your strategy and improve your plan.

8.  Treat Investing Like a Business

One of the most important trading tips is that. In order to be successful, one must approach trading and investing as a business and not as a hobby. Investing should be one of the most important aspects of your life, right after spirituality, family, relationships, and personal healthcare.  You’ve likely spent years working to earn your wealth; you need to treat your wealth with the respect it deserves.

Understand what you’re investing in, why you’re investing, and what your expectations should be.  Never solely rely on an online service, advisor, index fund, or wealth manager.  Take control of your personal financial future, get educated, and understand where every dollar of your wealth is invested.

9. Don’t Force a Trade – Wait For an Optimal Trade Setup

Even the most experienced investors have to fight the urge to trade unnecessarily.  For a variety of reasons, investors generally overtrade…and thereby greatly diminish their overall returns. That’s why this trading tip is so important.

It’s better to wait for an optimal trade setup – one that fits your trading plan; These trades have much greater probability of success than trades taken impulsively. Over time, taking higher probability trades will provide a much higher winning percentage and far greater portfolio returns.

10.  Trade within Your Means

Trading is as much about avoiding significant losses as it is making gains. Significant losses are difficult to overcome and can directly affect your quality of life.  There are NO shortcuts to financial success and the freedom it affords. Success in the markets must be earned.  Only trade with money that you can comfortably lose. Never trade with borrowed money (credit cards/line of equity/margin), have patience, and be realistic with your expectations. Hope you have enjoyed those trading tips.

 

Chinese Investors Find in Hong Kong their Crypto-Trading Gateway

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Hong Kong at Night
Image by WorldSpectrum from Pixabay

Despite China’s ban on digital asset investment, a news report that crypto trading remains active across the country. Chinese investors have found access to cryptocurrency products through its neighbour Hong Kong and off-shore exchanges, according to specialized site 8btc.com.

Mainland investors, those whom the ban policy affected the most, have relied on their trading enterprises through and “have been able to circumvent a ban on crypto trading through the utilization of VPNs and stable coins such as Tether (USDT), to trade cryptocurrencies on global exchanges,” said Joseph Young reporting a Hong Kong-based publication South China Morning Post released on September 8.

Another source, this time from Shanghai-based cryptocurrency startup InVault CEO Kenneth Xu, confirmed what was published by the SCM and has settled that chinese investors from inland remain active while relying on offshore exchanges and operators, most of them based in Hong Kong, to purchase cryptocurrencies like bitcoin and Ethereum.

In fact, in Hong Kong, it is relatively simple for businesses and individuals to create shell companies to obtain bank accounts that are completely independent of cryptocurrency exchanges. “Hence, even if the government had pivoted its crackdown on overseas savings accounts to crypto trading, it would have to evaluate the trail of funds from Chinese bank accounts to Hong Kong shell accounts to local exchanges,” pointed out Joseph Young.

Chinese government has been very strict on what can be traded or not within their frontiers and have passed through some severe regulations to stop the growing crypto-trading. In July, the People’s Bank of China (PBoC) appeared buoyant about its ban policy reducing China’s cryptocurrency trading to less than one percent of global volume.

After that, the government started to chase and close exchanges operating within Chinese territories, they even went after those who were settled off-shore. In an interview with SCMP, Hong Kong and Taiwan-based digital asset exchange executive Terence Tsang said that the tightening of regulations by the government was targeted at exchanges that pretended to be based outside of China but were actually operating inside the country, which is very important for chinese investors.

“The latest warning and potentially increased monitoring of foreign platforms is targeted at a batch of smaller exchanges that had claimed to be foreign entities, but are in fact operating in China claiming they have outsourced their operations to a Chinese company,” Tsang said.

To eliminate the possibility of exchanges operating in mainland, the government requested Alipay, the largest fintech network in the world valued at more than $60 billion, to suspend or block accounts suspected to be connected to cryptocurrency exchanges. After that, on August 23, the government reported to have blocked 124 offshore exchanges

The move came the same week as Beijing forbade venues including hotels, shopping malls, and offices from promoting or hosting events supporting cryptocurrency. A separate ban governing eight crypto media outlets has also come into effect, Bitcoinist reported.

According to Shanghai Securities News, central authorities “will also continue to monitor and shut down domestic websites related to cryptocurrency trades and initial coin offerings (ICOs), and ban payment services from accepting cryptocurrencies, including bitcoin.”

Still, the government is struggling to completely ban out trading in offshore markets, especially in Hong Kong. In theory, local financial authorities could engage with commercial banks and evaluate every suspicious wire transfer made from China to neighbouring countries.

The government has made it as uncomfortable and uneasy as possible for  investors to allocate their holdings in yuan and other assets into cryptocurrencies. But, it has proven to be difficult to outright ban cryptocurrency trading.

Ethereum Will End Up Overtaking Bitcoin, Says Art-Tech Expert

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Etherium

Bitcoin will lose 50 per cent of its cryptocurrency market share to Ethereum within five years, states an influential tech expert and business analyst. For his opinion Ethereum will end up overtaking Bitcoin.

The comments from Ian Mcloed, from Thomas Crown Art, the world’s leading art-tech agency that he established with renowned art dealer, Stephen Howes, comes as Ethereum, the world’s second-largest cryptocurrency by market cap, began a price recovery on Friday after being hit hard with a major sell-off in recent weeks.

Bitcoin – the biggest digital currency – had also been in decline, but it bounced back quicker than its nearest competitor.

Indeed, Ethereum had crashed 85 per cent overall this year.

However, Ethereum is regained ground late last week, jumping almost 14 per cent after its most recent plunge, only find itself trading again 10 per cent lower once more in the past 24 hours.

What is happening? And what does the future hold for Ethereum?

Mr Mcloed observes: “Turbulence is a regular, and sometimes welcome, feature of the crypto sector.  Therefore, the Ethereum rebound was, and is, inevitable. 

“But not only do we think it will rebound considerably before the end of 2018, I believe that over the longer time it will significantly dent Bitcoin’s dominance.

“In fact, I think we can expect Bitcoin to lose 50 per cent of its cryptocurrency market share to Ethereum, its nearest rival, within five years.”

Why is he so confident?

“Simply, Ethereum offers more uses and solutions than Bitcoin, and it’s backed with superior blockchain technology says Mr Mcloed.

“This is why we use Ethereum’s blockchain in our art business.  It has allowed us to create a system to use artworks as a literal store of value; it becomes a cryptocurrency wallet.  

“It also solves authenticity and provenance issues – essential in the world of art.  All our works of art are logged on the Ethereum’s blockchain with a unique ‘smart’ contract.”

Last month, Stephen Howes explained: “Using this cutting-edge technology, the art world can eradicate one of its biggest and most expensive problems – forgery – and can protect artists, galleries, and private owners and collectors.

Ian Mcloed concludes: “Whilst there will continue to be peaks and troughs in the wider cryptocurrency market, due to its inherent strong core values, Ethereum will steadily increase in value in the next few years and beyond.

“Unless Bitcoin does more now to tackle scalability issues, and improves the technology it runs on, we cannot see how it can catch up with Ethereum over the next five years or so, when the crypto market will be even more mainstream.

Again, is means Ethereum will end up overtaking Bitcoin: “Ethereum is already light years ahead of Bitcoin in everything but price – and this gap will become increasingly apparent as more and more investors jump into crypto. ”

In April, the UK’s inflation rate more than doubled

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Pounds, GBP

We have seen inflation rising in the UK in the past few months. The expectation is that the UK’s inflation will continue.

Market prices are growing at their highest pace since March 2020, when the pandemic began, when they jumped to 1.5 percent from 0.7 percent in March.

According to the Office for National Statistics, the dramatic rise was largely due to a surge in prices from low levels at the onset of the pandemic a year ago.

Higher oil prices have forced up gasoline prices, according to the study.

When oil prices rise, you should expect the price of gas to rise as well. Over time, a $10 raise in oil prices leads to a $0.25 increase in petrol prices.  Three forces influence gas and underlying oil prices: supply and demand, commodity brokers, and the valuation of the dollar.

The ONS reports that UK’s inflation increased after lockout controls were lifted and stores reopened on April 12th. Clothing and footwear costs increased in March, after an unexpected drop in February.

Meanwhile, gas and energy rates have risen sharply after a raise in the default tariff ceiling, relative to a cut a year ago.
As lockdown controls relaxed and the economy reopened, PwC economist Hannah Audino predicted that inflation would increase further, enabling customers to “unleash some of their excess savings.”

“New survey data shows that, as the vaccine rollout raises optimism, the share of households planning to invest some of their savings has risen in recent months,” she said.

Economists have expected an increase in UK’s inflation in April, but there are fears that high inflation this year as the global economy recovers from the pandemic would force central banks to lift interest rates.

As the pandemic is affecting most economic sectors, we must wait for the global health situation to stabilize to see how inflation rates will be affected.

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