Crypto Loans – Innovative Words http://innovativewords.com/ Fri, 04 Jun 2021 20:59:18 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://innovativewords.com/wp-content/uploads/2021/04/default.png Crypto Loans – Innovative Words http://innovativewords.com/ 32 32 FBI: Ransomware threats similar to 9/11 attacks https://innovativewords.com/fbi-ransomware-threats-similar-to-9-11-attacks/ https://innovativewords.com/fbi-ransomware-threats-similar-to-9-11-attacks/#respond Fri, 04 Jun 2021 19:21:37 +0000 https://innovativewords.com/fbi-ransomware-threats-similar-to-9-11-attacks/ Share Tweeter Share Share Share E-mail The Federal Bureau of Investigation (FBI) is investigating approximately 100 varieties of ransomware, the Wall Street Journal reported on Friday, June 4. These challenges, many of which originate in Russia, are similar to the 9/11 attacks, aagency Director Christopher Wray told the WSJ. “There are a lot of parallels, […]]]>


The Federal Bureau of Investigation (FBI) is investigating approximately 100 varieties of ransomware, the Wall Street Journal reported on Friday, June 4. These challenges, many of which originate in Russia, are similar to the 9/11 attacks, aagency Director Christopher Wray told the WSJ.

“There are a lot of parallels, there are a lot of importance and we focus a lot on disruption and prevention,” Wray told the WSJ. “There is a shared responsibility not just in government agencies, but in the private sector and even the average American.

Attacks on meat-processing giant JBS and fuel supplier Colonial Pipeline have prompted US President Joe Biden to identify ransomware as a national security threat. The Colonial Pipeline, based in Alpharetta, Ga., Is one of the largest in the United States, carrying approximately three million barrels of fuel per day over 5,500 miles from Houston to New York. He reportedly paid around $ 4.4 million to regain control of his operations and restore service.

Earlier this month, the former Securities and Exchange Commission (SEC) lawyer John Reed Stark said digital currency investors facilitate criminal activity of hackers. He called crypto “the essence of ransomware,” according to the WSJ.

Senior FBI officials compared the cyber attacks to the post 9/11 maneuver against international terrorism. Wray said recent ransomware attacks have shed light on how they affect Americans every day.

Stark told CNBC on Thursday (June 3) that cryptocurrencies are essentially useless, calling them “the essence of ransomware”. Numerous incidents of ransomware attacks have been reported require payment in bitcoin or other cryptocurrency.

The US Department of Justice said this month that ransomware attacks are now a priority. The Colonial Pipeline hack, for example, threatened the fuel transport for several days. As PYMNTS reported, White House cybersecurity officials take these threats seriously.

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NEW PYMNTS DATA: STUDY ON CRYPTOCURRENCY PAYMENTS – MAY 2021

About the study: U.S. consumers see cryptocurrency as more than just a store of value: 46 million plans say they plan to use it to make payments for everything from financial services to groceries. In the Cryptocurrency Payments Report, PYMNTS surveys 8,008 cryptocurrency users and non-users in the United States to examine how they plan to use crypto to make purchases, what crypto they plan to buy. ‘use – and how merchant acceptance can influence merchant choice and consumer spending.







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Fully compliant Abra digital asset platform offering 0% interest option on loans against BTC, ETH https://innovativewords.com/fully-compliant-abra-digital-asset-platform-offering-0-interest-option-on-loans-against-btc-eth/ https://innovativewords.com/fully-compliant-abra-digital-asset-platform-offering-0-interest-option-on-loans-against-btc-eth/#respond Thu, 03 Jun 2021 23:04:32 +0000 https://innovativewords.com/fully-compliant-abra-digital-asset-platform-offering-0-interest-option-on-loans-against-btc-eth/ Abra, a “fully compliant” platform to buy, sell and trade over 100 digital currencies and earn interest “up to 10.5%” on “certain digital assets,” revealed Wednesday (June 2, 2021) that Abra Borrow, its in-app functionality to use crypto “as collateral to borrow fiat against digital assets” will provide “an unprecedented 0% interest option on loans […]]]>


Abra, a “fully compliant” platform to buy, sell and trade over 100 digital currencies and earn interest “up to 10.5%” on “certain digital assets,” revealed Wednesday (June 2, 2021) that Abra Borrow, its in-app functionality to use crypto “as collateral to borrow fiat against digital assets” will provide “an unprecedented 0% interest option on loans against Bitcoin and Ethereum.”

As mentioned in a statement from Abra, for the first time ever, cryptocurrency holders will be able to borrow against BTC and ETH, and “quickly withdraw TUSD directly to a bank account with no interest charges of up to 10% of the loan to value ratio (LTV).

Bill Barhydt, Founder and CEO of Abra, said:

“Offering 0% interest through Abra Borrow allows customers to quickly and free access to 10% of their holdings while benefiting from any upward movement in the price of these holdings. Nothing like this has ever been done before. With more people owning crypto than ever before, having tools to effectively manage and access earnings is essential to a thriving crypto ecosystem. Abra is fully committed to being a leader in this new and growing space.

Abra Borrow is an ‘instantly accessible’ personal line of credit for anything that can be a typical down payment for a house, school fees, the purchase of a car, medical bills or even the purchase of more crypto. . This functionality is available through the Abra mobile app internationally in most countries and also “in 41 US states, with deployment to other US states expected in the near future.”

Abra claims that it is becoming a “leading” wealth management application as the first to “go to market” with “significant” new products and services, such as Abra Borrow, for the crypto and fiat management.

Cryptocurrency exchange users are drawn to Abra Trade’s intuitive user experience, which requires no prior trading experience, while new non-crypto users are “drawn to the easy ramp” , says the company.

Abra Earn has “consistently offered the highest returns of any crypto service provider with stable U.S. dollar rates currently at 10.5% per annum,” the announcement notes while adding that Abra Borrow is now aiming to upgrade to dollar credit lines available through these crypto holdings.

Abra is “a full-service digital asset app with seamless fiat-to-crypto functionality.”

Launched in 2017, Abra would be backed by leading investors such as American Express Ventures, Foxconn, First Round Capital, Arbor Ventures, Jungle Ventures, Lehrer Hippeau Ventures, RRE Ventures and Ignia.

Abra is a financial services and technology company that operates an “all-in-one cryptocurrency and custody wallet and exchange.” Abra provides a global investment app that simplifies crypto investing.

Founded in 2015 with its global headquarters in San Francisco, Abra is “available in over 150 countries”.



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Two trading methods will be available in Asia Broadband https://innovativewords.com/two-trading-methods-will-be-available-in-asia-broadband/ https://innovativewords.com/two-trading-methods-will-be-available-in-asia-broadband/#respond Tue, 01 Jun 2021 21:54:09 +0000 https://innovativewords.com/two-trading-methods-will-be-available-in-asia-broadband/ Las Vegas, NV, June 01, 2021 (GLOBE NEWSWIRE) – Asia Broadband, Inc. (OTC: AABB) (“AABB”) is pleased to announce two unique trading methods that are expected to launch in September 2021. Known as the name Quick Exchange and Advanced Exchange, these will be available in the AABB’s proprietary cryptocurrency exchange. Logo available here From the […]]]>


Las Vegas, NV, June 01, 2021 (GLOBE NEWSWIRE) – Asia Broadband, Inc. (OTC: AABB) (“AABB”) is pleased to announce two unique trading methods that are expected to launch in September 2021. Known as the name Quick Exchange and Advanced Exchange, these will be available in the AABB’s proprietary cryptocurrency exchange.

Logo available here

From the launch of the digital exchange, both trading methods will be available to users.

  • Rapid exchange will allow rapid trade of one currency for another at the best price offered.
  • Advanced Exchange will allow the user to manually set buy / sell orders at the price they are looking for.

To ensure the liquidity of the exchange, AABB strives to provide instant transactions within the platform. Fast transactions improve liquidity and allow you to buy a token or coin at the desired price, without having to wait. A very illiquid market can allow a large entity, or a group of entities, to manipulate the price to its advantage. High liquidity, on the other hand, means low price manipulation and more precise crypto prices.

Particular attention is paid to cryptocurrency regulations imposed by authorities in North America and Europe. To be in compliance with these regulations and to simplify the process for users, AABB further optimizes the KYC / AML platform. The upgraded AABB wallet will allow users to download information in a more user-friendly way. It will also automatically report information to the necessary authorities upon request or when a user violates local PCMLTFA guidelines. The blockchain foundation is also enhanced to ensure faster transfers and transaction reports.

Photo available here

The AABB cryptocurrency exchange will also have at least 20 trading pairs; the main trading currencies are also associated with the AABB Gold token (AABBG). With the rise of gold and the slow decline of Bitcoin, AABBG has become a promising currency. As the price of gold slowly rises, so does AABBG, making it ideal for storing investments and making buy or sell transactions.

A new partnership between Core State Holdings, Corp. and Asia Broadband, Inc. will enable AABB to create a top-level modular digital asset exchange. It will be able to implement various modules, including broker modules, features for issuing crypto-secured loans, a credit / gift card module, and a module that links retail chains.

In other company news, AABB will post a gradual update to the proprietary cryptocurrency exchange version of the AABB wallet company. This is being developed with Core State Holdings, Corp. since the recent launch of the gold backed AABBG token. Once completed in the coming months, the exchange will allow AABB wallet users to quickly exchange their AABB Gold tokens for major cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. The exclusive exchange will also increase transaction fee income and enable the price appreciation of AABBG, which is influenced by market demand and the limited supply of tokens put into circulation.

About Asia Broadband

Asia Broadband, Inc. (OTC: AABB) is a resource company specializing in the production, supply and sale of precious and base metals. Working primarily in Asian markets, the company uses its specific geographic expertise, experience and extensive industry contacts to facilitate innovative distribution processes, from the production and supply of precious and base metals in Mexico to the networks. sales customers in Asia.

This vertical integration approach to sales transactions is AABB’s unique strength. This differentiates the company and creates distinctive value for shareholders. AABB recently released its freshly minted AABB Gold Cryptocurrency Gold Token (AABBG) from mine to token and is striving to become a global, secure and reliable exchange standard with gold backing. It will be of exceptional quality compared to other cryptocurrencies.

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EIB sees up to € 10 billion investment gap in AI and blockchain https://innovativewords.com/eib-sees-up-to-e-10-billion-investment-gap-in-ai-and-blockchain/ https://innovativewords.com/eib-sees-up-to-e-10-billion-investment-gap-in-ai-and-blockchain/#respond Tue, 01 Jun 2021 08:34:00 +0000 https://innovativewords.com/eib-sees-up-to-e-10-billion-investment-gap-in-ai-and-blockchain/ Flags are seen behind the logo of the European Investment Bank pictured in Luxembourg City, Luxembourg, March 25, 2017. Reuters / Eric Vidal / File Photo The European Union’s attempts to catch China and the United States in artificial intelligence and blockchain technologies are expected to be hampered by an investment gap of up to […]]]>


Flags are seen behind the logo of the European Investment Bank pictured in Luxembourg City, Luxembourg, March 25, 2017. Reuters / Eric Vidal / File Photo

The European Union’s attempts to catch China and the United States in artificial intelligence and blockchain technologies are expected to be hampered by an investment gap of up to 10 billion euros ($ 12 billion) per year, the European Investment Bank (EIB) said on Tuesday.

The EIB, the EU’s lending arm, said that while the US and China together account for more than 80% of the € 25 billion in annual equity investments in the two technologies, the bloc of 27 country contributed only 1.75 billion euros, or 7% of the total.

He cited the importance of both technologies and their potential to reinvent sectors hard hit by the COVID-19 pandemic, such as financial services, healthcare and business intelligence, and strengthen the bloc’s economic resilience.

“European companies and governments are significantly under-investing in AI and blockchain compared to other leading regions and it has become clear that the European Union is struggling to translate its scientific excellence into commercial applications and in economic success, ”the bank said in a report.

He estimated an annual investment gap of between 5 and 10 billion euros in the two technologies.

The EIB said access to finance could become more difficult in the short term due to market conditions, potentially widening the investment gap.

“Support regimes from the EU and Member States could close part of the gap, but private markets will clearly need to help balance,” the bank said.

He cited several factors explaining the EU’s investment gap, including the limited appetite of EU funds due to high initial investment needs, lack of knowledge and limited specialization of venture capital funds. of the EU in both technologies.

(1 USD = 0.8178 euros)

Our Standards: Thomson Reuters Trust Principles.



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Norwegian wealth fund unlikely to replicate same high returns, CEO says https://innovativewords.com/norwegian-wealth-fund-unlikely-to-replicate-same-high-returns-ceo-says/ https://innovativewords.com/norwegian-wealth-fund-unlikely-to-replicate-same-high-returns-ceo-says/#respond Mon, 31 May 2021 15:05:50 +0000 https://innovativewords.com/norwegian-wealth-fund-unlikely-to-replicate-same-high-returns-ceo-says/ Bloomberg Bets on emerging market rate hikes turn excessive, funds say (Bloomberg) – When it comes to betting on higher borrowing costs in developing countries, some investors may be getting ahead of themselves. increases that what economists say is currently justified on the basis of the inflation outlook. “Almost all of them are overvaluing the […]]]>


Bloomberg

Bets on emerging market rate hikes turn excessive, funds say

(Bloomberg) – When it comes to betting on higher borrowing costs in developing countries, some investors may be getting ahead of themselves. increases that what economists say is currently justified on the basis of the inflation outlook. “Almost all of them are overvaluing the tightening,” said Shamaila Khan, head of emerging market debt at AllianceBernstein in New York City, whose 4.7 billion high yield bond fund peers 86% over the course of the year. The positioning reflects a common motive in the markets: After months of Covid-19 lockdown, there is a risk that policymakers will heat up their economy, only to turn back the clock with sharper rate hikes provided that. But the debate carries additional weight in emerging markets, an asset class that is particularly sensitive to the Federal Reserve’s position. This suggests how trades could proceed quickly if there is any sign of loose policy, which could reward investors keen to look beyond the bearish outlook.In Mexico, for example, market prices for swaps suggest that a upward cycle could start as early as August, although the majority of economists say the central bank will refrain from tightening until at least February. It’s a similar story in South Africa, where forward rate agreements provide for a 70% chance of a 50 basis point jump in six months, while Bloomberg’s monthly survey shows the rate remains unchanged until the end of the year, while forward rate deals Korea’s forecast a rate hike of nearly 25 basis points over the next six months. In contrast, most economists do not foresee any change. In this context, Khan of AllianceBernstein said that his fund favors the local debt of South Africa, Mexico and Russia, “where the markets have taken too much into account the trajectory of key rates”. Officials may be able to start discussing when to cut back their bond buying program at upcoming policy meetings, Fed Vice Chairman Richard Clarida said last week. Ghana’s central bank defied expectations on Monday by lowering its benchmark interest rate to the lowest in more than nine years. The Chilean Monetary Authority said the timing of the start of interest rate hikes remained uncertain due to factors such as an uneven recovery and a weak labor market. In India, traders canceled their bets on the hike rates last month as policymakers turned to a bond. purchasing program to support the economy against a new wave of infections. The Reserve Bank of India is expected to keep its benchmark interest rate unchanged on Friday and announce further debt purchases as the economy grapples with localized lockdowns implemented by most states. Prices suggest there is value in the front end of the yield curve, including in South Korea and Poland. This is a view shared by Edwin Gutierrez, head of emerging market sovereign debt at Aberdeen Asset Management in London. “We are long in South Africa and Mexico because we think the price curve is in a rate hike path that is not likely,” he said. Market correction This is not to say that caution is not warranted. The Citi EM Inflation Surprise Index is at its highest since 2008, a reminder of the number of investors caught off guard by the resurgence of inflation. “The risks are likely tilted towards a faster tightening rather than a slowdown,” said Duncan Tan, strategist at DBS Bank Ltd. in Singapore. Inflation data from South Korea to Turkey and Poland this week may offer clues on the way to monetary policy. In Mexico, traders will be watching the central bank’s quarterly inflation report on Wednesday for signs that the monetary authority may take a less accommodative outlook. a correction, “said Eugenia Victorino, head of Asia strategy at Skandinaviska Enskilda Banken AB in Singapore.” The market is already forecasting more hikes than fundamentals suggest, “she said. Reserve Bank of India is expected to keep its benchmark interest rate at 4% to help prop up the economy after a spike in coronavirus infections that has weighed on growth Investors will seek comment on debt purchases, which were pegged at 1 trillion rupees ($ 13.8 billion) this quarter. Bloomberg Economics expects bond purchases to amount to around Rs 1 trillion to Rs 1.5 trillion for the third quarter of the current fiscal year, and the introduction of additional liquidity measures to support small and medium-sized businesses. Monday, which should show that a recovery was underway before the latest wave of viral infections. The rupee has strengthened around 2% this month, Asia’s best performance South Korea’s retail sales and services output hit record levels in April, contrasting with industrial output which recorded second month-on-month contraction China reported on Monday that its tolerance for the yuan rebound is fading after authorities set the daily fixing rate lower than expected and state newspapers warned of quick gains A gauge of China’s manufacturing industry changed little in May, suggesting that the economy’s recovery momentum may have peaked for now , according to data from Monday. The yuan surged beyond key levels that have held over the past three years last week Inflation data for May comes from Indonesia and South Korea on Wednesday, while Thailand and the Philippines reports expected monthly trade figures on Tuesday Underlying strength in external demand likely remained robust even after removing base effects, according to Bloomberg Economics. Exports likely rose around 13% from May 2019, he said, Turkey’s CPI data will be closely watched on Thursday after the lira fell to an all-time high on Friday, fearing that monetary policy remains too loose to curb accelerating inflation Consumer prices likely rose 17.3% in May following a recent fuel tax hike, from 17.1% % last month Turkey’s economy has grown at a steady pace this year, outperforming most major economies as it recovers from the pandemic – an expansion that has come at the expense of price stability and economic growth. change. Gross domestic product rose 7% from a year earlier and 1.7% from the fourth quarter A reading of Brazilian gross domestic product figures for the first quarter on Tuesday will be closely watched by investors assessing the scale of the recovery versus the risks associated with financing needs and the country’s skyrocketing. Industrial production data, which will be released on Wednesday, is expected to provide the first aggregate reading of second-quarter growth, according to Bloomberg Economics. The real was the best performer in Latin America in May An indicator of Chile’s economic activity in April, expected on Tuesday, is likely to rise from a year earlier as growth benefited from expansionary fiscal and monetary policies, according to Bloomberg Economics Peruvian inflation through May is expected to be relatively stable, according to Bloomberg Economics. Investors will watch the nation’s assets as a high-stakes presidential election draws near Default and restructuring Argentina will delay paying a $ 2.4 billion debt with the Paris Club that is due on Monday and will instead use a 60-day grace period to try to make a deal with the Paris Club. Belize bondholders have until Tuesday to agree to extend the grace period on an interest payment due last week through September. The country’s dollar bonds have the worst yield on average this year among emerging market sovereign bonds tracked in a Bloomberg Barclays index Suriname to outline the elements and principles of its debt restructuring plans on Wednesday More stories like this are available on bloomberg.com the most reliable source of business information. © 2021 Bloomberg LP



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Could this ecological crypto surpass Bitcoin and Ethereum? https://innovativewords.com/could-this-ecological-crypto-surpass-bitcoin-and-ethereum/ https://innovativewords.com/could-this-ecological-crypto-surpass-bitcoin-and-ethereum/#respond Sun, 30 May 2021 14:32:33 +0000 https://innovativewords.com/could-this-ecological-crypto-surpass-bitcoin-and-ethereum/ Cardano and Ethereum will both take big steps forward this year. Once you’ve dipped your toe in crypto waters, you’ll find that Bitcoin (BTC) and Ethereum (ETH) are just the tip of the iceberg. They may be the most important and well-known cryptocurrencies, but they are not perfect. Both face two big issues: a high […]]]>


Cardano and Ethereum will both take big steps forward this year.

Once you’ve dipped your toe in crypto waters, you’ll find that Bitcoin (BTC) and Ethereum (ETH) are just the tip of the iceberg. They may be the most important and well-known cryptocurrencies, but they are not perfect.

Both face two big issues: a high carbon footprint and slow transactions. And while it is possible to overlay solutions on these coins, there are newer, cheaper and faster cryptocurrencies that consume a fraction of the energy.

Cardano (ADA) is one such coin. Created by crypto pioneer Charles Hoskinson who also co-founded Ethereum, Cardano is the result of years of academic research and planning.

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Cardano is a third generation cryptocurrency

When Bitcoin was launched in 2009, it was revolutionary. The challenge is that it is difficult to program Bitcoin. For example, I can safely transfer 0.02 Bitcoin to you. But I can’t include any conditions, which means I can’t transfer 0.02 Bitcoin to you in exchange for your used car.

This is where Ethereum comes in. It introduced the first programmable blockchain. When you make Ethereum payments, you can include conditions. Additionally, other applications and cryptocurrencies can be built on the Ethereum platform.

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But there is still room for improvement. For example, here’s how speed and power consumption compare for three rooms:

Ethereum is in the process of moving to Eth 2, which will fix some of these issues. But third-generation cryptocurrencies like Cardano have skipped the stage of slow, carbon-intensive transactions. Cardano doesn’t need upgrades to run faster and better because it’s been designed differently.

Proof of work vs proof of stake

The reason Bitcoin and Ethereum consume so much power is that both use a Proof of Work (PoW) mining model. Mining is how these blockchains add new blocks and verify transactions. A blockchain is a sophisticated database made up of interconnected blocks.

As the value of these cryptocurrencies increases, mining new blocks becomes more profitable – and more and more companies want to do so. By design, only one Bitcoin block can be mined every 10 minutes. If more computing power is added, the extraction becomes more difficult, which means that more energy is consumed to reach the same end point. Inefficiency is built into the system.

In contrast, Proof of Stake (PoS) only allows people who clean part of the currency to validate transactions. This is called staking. The built-in limit means that mining cannot get out of hand as there is no economic incentive to keep adding more computing power.

Cardano is built on a PoS system. Upgrading Ethereum’s Eth2 would move it to a PoS model and reduce its energy by 99.95%.

Can ADA outperform ETH?

It is worth saying that this is not necessarily a situation either / or with these parts. I own both because I think each piece has a lot of long term potential.

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Now Ethereum and Cardano are competing in the same space. They are scalable and programmable platforms, and both will offer smart contracts and enable application development. Both have strong teams with extensive crypto experience.

But there are big differences.

Cardano has spent years researching, testing and planning its network. Every step taken has been peer reviewed. It has attracted experts in various fields to make sure the system is robust and scalable.

And some believe Cardano may overtake Ethereum. The problem? It’s not there yet. Cardano says it will launch smart contracts (self-executing pieces of code on the blockchain) later this year.

Ethereum already has 2,700 applications running on its network. Its smart contracts work, it is the backbone of the burgeoning non-fungible token (NFT) market, and it hosts a large number of decentralized finance (DeFi) projects. Decentralized finance apps eliminate middlemen (like a bank) on loans, interest-bearing accounts, and other financial services.

However, until the launch of Eth2, Ethereum remains energy intensive. It also has extremely high gas charges (like transaction fees) which become more expensive when the network is congested.

Ethereum may have thousands of apps running on its platform, but Cardano already has relationships with governments in developing countries. For example, he recently started a project with the Ethiopian Ministry of Education. From the start, he turned to the actual uses of the platform.

Next year will be important for both cryptocurrencies. If Ethereum can move to Eth2 without major issues – and without security holes – it is likely to lead the pack for the foreseeable future.

But, assuming Cardano’s smart contract deployment is trouble-free, it will soon provide fast and low-cost transactions for NFTs and DeFi apps, which is likely to attract a large share of the app market. That, added to his real-world connections, means there’s a good chance he’ll knock Ethereum down from that top spot in the long run.

If you do decide to buy any of these cryptocurrencies, keep in mind that these are very volatile investments and only invest money that you can afford to lose.



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Google reportedly made it harder to find Android privacy settings https://innovativewords.com/google-reportedly-made-it-harder-to-find-android-privacy-settings/ https://innovativewords.com/google-reportedly-made-it-harder-to-find-android-privacy-settings/#respond Sat, 29 May 2021 21:15:29 +0000 https://innovativewords.com/google-reportedly-made-it-harder-to-find-android-privacy-settings/ Benzinga AMC and GME aren’t the only Reddit Penny stocks to buy according to top Wall Street analysts If you’re looking for penny stocks to buy right now, I’m sure you’ve seen a lot of attention being placed on social media, namely Reddit. The phenomenon that started earlier in the year with the action GameStop […]]]>


Benzinga

AMC and GME aren’t the only Reddit Penny stocks to buy according to top Wall Street analysts

If you’re looking for penny stocks to buy right now, I’m sure you’ve seen a lot of attention being placed on social media, namely Reddit. The phenomenon that started earlier in the year with the action GameStop (NYSE: GME) sparked an avalanche of trading activity that spilled over to other heavily shorted names. Whether you’re talking about battered meat alternative stocks like Beyond Meat (NASDAQ: BYND) or bankrupt car rental companies like Hertz (OTC: HTZGQ), Redditors are going against the grain and focusing on “the anti- trade ‘in the market. This week, AMC Theaters (NYSE: AMC) took the lead among meme stocks. It’s hard to believe that earlier this year, stocks were trading around $ 2 a share. The first big move fueled by Reddit took broken theater stock to highs of $ 20.36 before taking a sharp turn in the weeks to come. As I’m sure many have seen, this meme stock has not only managed to recover, but hit new all-time highs this week. Has there been a major development that fundamentally changed the makeup of the company? No, but Redditors have certainly supported the AMC stock to a large extent. Hedge funds have long been viewed as groups that have “controlled” the markets for too long. This is the general thought process that resonates with retail marketers using Reddit and Twitter for their soap boxes. As we approach the middle of 2021, a new chapter is being written. It is no longer just a hunt for heavily short-circuited stocks. These same groups of retail traders are finding that the “crowd mentality” can significantly influence the markets. Enter penny stocks. Subnets like r / PennyStocks are gaining thousands of subscribers per day, looking for the next round of the most important stocks to buy. Reddit Penny Stocks to Buy Right Now If you are a newbie or brand new trader to the stock market in general, there are a few things to keep in mind. The first, and probably the most obvious, is that the risks are enormous. It’s not just the typical market risk but, along with the Reddit hype, you’ve got other things to consider as well. Needless to say, being on the safe side of a Reddit stock transaction is generally not a bad thing. Remember, there are a lot more things you can use to find the best penny stocks. One of these research tools examines what analysts are saying. Comments from some large companies, price targets and research reports seem to have resonated well with retail investors. In this article, we’ll discuss some of the popular penny stocks on Reddit that have also sparked interest from some of the biggest companies on Wall Street covering small businesses. After seeing what they discussed, this might provide additional data to add to your due diligence process in deciding whether certain hyped-up actions are worth the risk. Penny Stocks to Buy According to Wall Street Analysts: Ideanomics Inc. (NASDAQ: IDEX) Ideanomics has seen renewed interest in recent weeks on Reddit. Traders are circulating rumblings of interest in electric vehicle captions. If you look at the Ideanomics model, the company is focused on a diverse entry into the space. It offers everything from electric cars and motorcycles to charging systems and EV farm products like tractors. Since May 11, IDEX shares have climbed more than 30%. If Roth Capital analysts are to be believed, there could be a lot more benefits depending on their focus. Roth currently has a buy rating on the penny stock and gave him a target of $ 7 earlier this quarter. Based on the recent level of $ 3, this would equate to a move of over 130%. One has to see whether or not the penny stock reaches these levels. The current 52 week high stands at $ 5.53 which is also its all time high. After beating profits this month, retail traders put IDEX on their list of penny stocks to watch. According to CEO Alfred Poor, the outlook could be even brighter for the company. On a conference call earlier this month, Poor explained that its WAVE charging product line is being introduced in China with growing interest from seaports, airports and trucking companies. In addition, the first vehicles ordered by Treeletrik in Indonesia will be exported from Malaysia as finished products with deliveries scheduled from Q3 with Indonesia-based assembly facilities online in “Q4 or early 2022”. Poor explained that elsewhere, the Treeletrik team is finalizing these new headquarters and showroom in Kuala Lumpur with a schedule for August to move in. The editors are also circulating the recent update to Ideanomics’ acquisition agreement with US Hybrid, which manufactures and supplies fuel cells, drivetrains and components for zero-emission vehicles. In light of the Biden administration’s stance on carbon neutrality, this could be an interesting development to watch as the deal comes to fruition. Tellurian Inc. (NASDAQ: TELL) Shares of Tellurian also jumped this month on bullish retail sentiment. Since May 3, TELL shares have climbed more than 80%. It hit this week highs of $ 4.13, just 26 cents below the 52-week high it recorded in January. Tellurian hasn’t just been one of the Reddit penny stocks to watch out for. With growing interest in reopening trade and epicenter stocks, natural gas companies have gained traction. These were among the hardest hit during the early days of the pandemic, thanks to a drop in travel and trade. Tellurian stocks were actively trading at over $ 7 a share before the pandemic crisis last year to give you an idea. According to analysts at Wolfe Research, Tellurian is also expected to return to these levels. The company recently increased its price target from $ 5 to $ 7 while maintaining its outperformance rating. Wolfe analyst Sam Margolin noted that the outlook for Tellurian’s Driftwood liquefied natural gas project is “improved” due to a recent rise in global LNG prices. Margolin further explains that “the attractiveness of the project is sustainable in the environment of commodity prices”. Margolin’s comments could be further substantiated in light of the company’s recent deal with Gunvor Singapore Pte Ltd. In May, Tellurian signed a 10-year deal with Gunvor for the sale and purchase of liquefied natural gas, which includes 3 million tons per year period. Highlighting the potential of the transaction, Tarek Souki, Executive Vice President of LNG Marketing and Trade, said: “Our business model creates significant value for Tellurian; at current LNG prices, the deal represents the equivalent of approximately $ 12 billion in sales over the 10-year term of the deal. Flowchart (NASDAQ: OGI) Some marijuana stocks have cooled in recent weeks. However, thanks to a mix of corporate milestones and Reddit fueled hype, Organigram’s actions have gone against the general trend. If you look at industry ETFs like the ETFMG Alternative Harvest ETF (NYSE: MJ) or the AdvisorShares Pure US Cannabis ETF (NYSE: MSOS), they describe a relatively moderate cannabis market. However, if you look at OGI stock this month, the trend is different. Stocks rose from around $ 2.50 to highs this week of over $ 3. If analysts at Stifel Nicolaus and Raymond James are to be believed, Organigam could have more advantages. Earlier this quarter, both companies raised their targets to C $ 6, or about US $ 4.97. Raymond James analysts found that the company’s recent M&A strategy could add to its value proposition. Analyst Rahul Sarugaser wrote: “We view today’s acquisition of EIC as OGI’s decision to consolidate its already strong position in the Canadian edibles market, adding premium expertise in soft dough manufacturing material to its advanced automated chocolate manufacturing capabilities. Organigram bought The Edibles & Infusions Corporation (EIC) in April for $ 22 million, plus an additional $ 13 million in OGI shares based on milestones. The objective of this acquisition was to gain access to EIC’s edible product portfolio. The first sales of its products are expected in the fourth quarter of this year. This M&A trend appears to be a priority for several cannabis companies right now. This week, Hexo Corp. (NYSE: HEXO) announced a C $ 925 million purchase from Redecan, creating a major Canadian recreational cannabis company. The milestone agreement is divided into a cash payment of C $ 400 million, with the remainder owed in HEXO shares. You also can’t forget the acquisition of Aphria by Tilray (NASDAQ: TLRY). Final Thoughts on Penny Stocks Whether you are new to penny stock trading or a seasoned veteran, the choice to buy or sell is ultimately yours. How you come to a decision is up to you. Outlets like Reddit, Twitter, or even financial media platforms are great places to get information and build your thesis. Analysts’ ratings and company headlines are also useful for finding subtitles to buy. Due to the high-flying nature of cheap stocks, there is usually something for everyone. Just remember that penny stocks can go down as quickly as they can go up, so having a plan in place before you even hit the buy button is a must. “GameStop” by JeepersMedia is licensed under CC BY 2.0 Learn more about BenzingaClick here for Benzinga options trading © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.



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US SEC charges five people involved in BitConnect loan program https://innovativewords.com/us-sec-charges-five-people-involved-in-bitconnect-loan-program/ https://innovativewords.com/us-sec-charges-five-people-involved-in-bitconnect-loan-program/#respond Fri, 28 May 2021 20:22:00 +0000 https://innovativewords.com/us-sec-charges-five-people-involved-in-bitconnect-loan-program/ The seal of the United States Securities and Exchange Commission (SEC) is visible at their headquarters in Washington, DC, United States on May 12, 2021. REUTERS / Andrew Kelly The United States Securities and Exchange Commission said on Friday it had indicted five people for promoting a global offering of unregistered digital asset securities that […]]]>


The seal of the United States Securities and Exchange Commission (SEC) is visible at their headquarters in Washington, DC, United States on May 12, 2021. REUTERS / Andrew Kelly

The United States Securities and Exchange Commission said on Friday it had indicted five people for promoting a global offering of unregistered digital asset securities that raised more than $ 2 billion from retail investors .

BitConnect allegedly organized a global network of promoters through referral commissions and used the network to sell the securities without registering them as required by federal securities laws, the SEC said.

The agency alleged that Trevon Brown, Craig Grant, Ryan Maasen and Michael Noble were among the promoters advertising to potential investors via YouTube videos.

The attorney for the persons could not be determined immediately.

The agency also tasked Joshua Jeppesen, who represented the company at conferences and acted as the liaison between BitConnect and the developers. Jeppesen’s lawyer did not immediately respond to the call for comment.

BitConnect told investors it would use their funds to trade and profit from Bitcoin’s volatility and promised to pay investors the resulting profits, which BitConnect promised could reach around 40% per month, a declared the SEC in its charges.

The SEC has taken the position that initial coin offerings are securities offerings and therefore are subject to the agency’s offer rules, which require companies to file registration and disclosure documents.

Our Standards: The Thomson Reuters Trust Principles.



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Rikkei Finance Raises $ 5.6 Million to Create First Open Loan Platform with Cross-Chain Support and NFT Guarantee https://innovativewords.com/rikkei-finance-raises-5-6-million-to-create-first-open-loan-platform-with-cross-chain-support-and-nft-guarantee/ https://innovativewords.com/rikkei-finance-raises-5-6-million-to-create-first-open-loan-platform-with-cross-chain-support-and-nft-guarantee/#respond Fri, 28 May 2021 14:45:00 +0000 https://innovativewords.com/rikkei-finance-raises-5-6-million-to-create-first-open-loan-platform-with-cross-chain-support-and-nft-guarantee/ TipRanks Billionaire George Soros chooses these 3 “Strong Buy” actions Some investors achieve legendary status, far surpassing their peers through a combination of luck and success. No one is perhaps more representative of it than George Soros, the Holocaust survivor who after the war earned a doctorate from the London School of Economics and went […]]]>


TipRanks

Billionaire George Soros chooses these 3 “Strong Buy” actions

Some investors achieve legendary status, far surpassing their peers through a combination of luck and success. No one is perhaps more representative of it than George Soros, the Holocaust survivor who after the war earned a doctorate from the London School of Economics and went into banking to make his mark. He was very successful. The hedge fund he founded, Soros Fund Management, achieved an average annualized return of 33% from 1970 to 2020, making it the most successful hedge fund in history. Soros’ greatest success came on September 16, 1992, when he “broke the Bank of England”. He had taken a short position on the pound sterling, which rose to $ 10 billion, and when the pound fell in response to the policy shift, he personally gained $ 1 billion in a single day. Soros hasn’t always been right in his financial appeals, but he’s more often right than wrong. He is also known for his good words when it comes to trading. “It’s not whether you’re right or wrong,” Soros said, “but how much money you make when you’re right and how much you lose when you’re wrong.” With this in mind, we decided to take inspiration from the recent activity of Soros Fund Management. By managing three stocks that the fund picked up in the first quarter through the TipRanks database, we found that the analyst community was on board as well, as each carries a “Strong Buy” consensus rating. Farfetch, Ltd. (FTCH) We will start with an online retail inventory, Farfetch, a company specializing in the sale of luxury products and brands. Farfetch is a truly international company, founded in Portugal, headquartered in London with offices in New York and Los Angeles, Tokyo and Shanghai, and Brazil. Like many tech-focused companies, Farfetch operated at a loss – but in the first quarter of this year the company made a sharp turnaround in profitability. The 1Q21 earnings report showed an after-tax profit of $ 516.7 million, compared to a quarterly loss of $ 79.2 million a year ago. The company disclosed that this gross profit included a one-time non-cash benefit of $ 660 million “arising from the lower impact of the share price on items held at fair value and revaluations.” Total operating revenue was reported at $ 485 million, up 46% year-over-year, and above the $ 457 million expected by analysts. A key metric, the gross merchandise value of orders processed on the company’s platform, increased 49% year-over-year to $ 915.6 million. Farfetch’s success is built on a strong user base. The company has more than 3 million active customers and operates in 190 countries. The platform’s vendors have made available more than 1,300 luxury brands. Even after a decline in the stock’s value in the first half of 2021, the stock has still risen 234% in the past 12 months. Among the FTCH fans is Soros. In his most recent disclosure, Soros revealed that his fund had purchased 125,000 shares of FTCH, a stake now valued at more than $ 5.5 million. As for the analyst community, Credit Suisse 5-star analyst Stephen Ju credits FTCH with an outperformance (i.e. a buy) with a price target of $ 78. Investors are expected to pocket a gain of around 88% if the analyst’s thesis comes to fruition. (To view Ju’s track record, click here) “We have a positive opinion on the Company’s continued Adjusted EBITDA forecast as Farfetch will reinvest the highest revenue contributions into customer acquisition – supporting long-term adoption rates. We are modeling ~ 700,000 new customers for 2021, ~ 600,000 for 2022 and from 2023 our expectations are also unchanged at ~ 1.2 million to 1.5 million, ”Ju said. The analyst summed up: “Our investment thesis points remain: 1) the large addressable $ 300 billion market remains fragmented and underpenetrated, 2) relative protection against competition from larger cap online competitors. , 3) exposure to the growing adoption of luxury goods in the APAC region as well as emerging markets. ”Most analysts support Ju’s confident view of the online fashion company, as TipRanks analyzes present FTCH as a strong buy. Based on 8 analysts polled in the past 3 months, 6 attribute the stock to a buy, while 2 attribute it to a wait. The 12-month average price target is 60. $ 63, which is an increase of around 37% from current levels. (See FTCH market analysis on TipRanks) Coursera (COUR) The next stock we are looking at, Coursera, is a MOOC company – a provider very open online course. C he niche is leveraging the size and reach of the Internet to make a wide range of high-level university courses available to the general public. Coursera is a leader in the field and, since its inception in 2012, it has made available over 4,000 courses from over 200 universities, in over 30 study programs, and at a lower cost than coursework. in person. Through Coursera, students can take courses at top schools such as Imperial College London, University of Illinois at Urbana-Champaign, University of Michigan, and Johns Hopkins. The company boasts that over 77 million students have used its services. Although the company is 9 years old, it is new to public procurement; Coursera held its IPO at the end of March this year. It made 15.73 million shares available on the NYSE, at an opening price of $ 33. It was the high end of the original price range, which was set between $ 30 and $ 33. Overall, the IPO raised $ 519 million, before expenses. In early May, Coursera published its first quarterly report since its IPO. The report showed total revenue of $ 88.4 million, a 64% year-over-year gain. The company’s gross profit, at $ 49.5 million, was up 71% from the quarter last year. George Soros saw an opportunity in this IPO, and his fund picked up 105,000 shares of the company. This new position is valued at ~ $ 4 million at the current share price. Among the bulls is 5-star analyst Ryan MacDonald, of Needham, who presents a clear and bullish case for Coursera shares. “Given the growing role of automation, the widening of the skills gap and the shift to e-learning, we believe that Coursera’s comprehensive platform will help it gain shares in a large TAM that we estimate between $ 47 billion and $ 50.6 billion. As the COVID-focused tailwind for the growth of enrolled learners in FY20 creates a difficult comparison for the consumer segment in FY21, we believe that Coursera’s effective GTM move and the passage higher value corporate and degree offerings can generate 25% + sustainable growth and gross margin expansion, ”MacDonald noted. To that end, MacDonald gives COUR a buy rating and his price target of $ 56 indicates confidence in a 47% hike over the next 12 months. (To view MacDonald’s track record, click here) During its short time on the stock market, COUR garnered 14 analyst reviews, with a split of 12 buys into 2 holds to support the Strong Buy consensus rating. The shares are trading at $ 38 and their average price target of $ 54.67 implies a one-year rise of 44%. (See COURT Stock Analysis on TipRanks) Sotera Health (SHC) Last on our list of new positions from George Soros is Sotera Health, a holding company whose subsidiaries offer a range of consulting, laboratory testing and sterilization services in the health sector. Sotera’s activities serve more than 5,800 healthcare customers in more than 50 countries. The company has 13 laboratories capable of performing more than 800 tests and 50 sterilization facilities. Sotera’s customer base includes 75 of the top 100 medical device manufacturers and 8 of the top 10 pharmaceutical companies. SHC’s shares went public on November 24 last year, in an IPO that sold 53.6 million shares and raised $ 1.2 billion. The capital raised was used to repay the existing debt. The company has worked diligently to reduce debt levels and, in the 1Q21 report, said it has total debt of $ 1.87 billion and free cash flow of $ 108 million. First quarter net sales were $ 212 million, up 13% from the previous year. Net income showed a strong gain, going from a loss of 1 cent per share a year ago to earnings per share of 4 cents. In the first quarter, Soros took a new position in Sotera, buying 179,274 shares of the title. At the current share price, this stake is worth over $ 4.3 million. Tycho Peterson, 5-star analyst at JPMorgan, likes SHC and rates the stock overweight (i.e. buy). Its price target of $ 35 suggests a 45% rise from current trading levels. (To see Peterson’s track record, click here) Supporting his position, Peterson writes: “First quarter results have been generally strong, and while the outlook remains unchanged, it should provide an upward path for the 2021 balance. , as we continue to be fans of the company’s diverse operating platform, rigorous multi-year contracts, effective pricing strategy and strong regulatory oversight, while supporting its broad competitive divide, with FCF to support the deleveraging… ”Overall, The Street is unanimous in its outlook on Sotera shares; the stock recently received 8 positive reviews supporting its Strong Buy analyst consensus rating. The shares are trading at $ 24.06 and their average price target of $ 31.75 implies a year-over-year rise of ~ 32%. (See SHC Stock Analysis on TipRanks) To find great ideas for stocks traded at attractive valuations, visit TipRanks Best Stocks to Buy, a newly launched tool that brings together all the information about TipRanks stocks. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.



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Celsius teams up with Brooklyn Nets star Spencer Dinwiddie in exclusive partnership https://innovativewords.com/celsius-teams-up-with-brooklyn-nets-star-spencer-dinwiddie-in-exclusive-partnership/ https://innovativewords.com/celsius-teams-up-with-brooklyn-nets-star-spencer-dinwiddie-in-exclusive-partnership/#respond Thu, 27 May 2021 15:00:00 +0000 https://innovativewords.com/celsius-teams-up-with-brooklyn-nets-star-spencer-dinwiddie-in-exclusive-partnership/ LONDON, May 27, 2021 / PRNewswire / – Celsius, the world’s leading cryptocurrency yield platform, announced an exclusive partnership with the Brooklyn Nets star Spencer dinwiddie focus on cryptocurrency education and advance the Celsius mission of financial independence through blockchain. This partnership aims to raise awareness of the value of income and lending on the […]]]>


LONDON, May 27, 2021 / PRNewswire / – Celsius, the world’s leading cryptocurrency yield platform, announced an exclusive partnership with the Brooklyn Nets star Spencer dinwiddie focus on cryptocurrency education and advance the Celsius mission of financial independence through blockchain.

This partnership aims to raise awareness of the value of income and lending on the blockchain and to advance cryptocurrency as an asset class of the future. To this end, Dinwiddie will participate in a series of community engagement campaigns and social media events, including a guest appearance at Celsius’ weekly live events on YouTube and Clubhouse. Mr. Dinwiddie will be paid entirely in CEL tokens which will be credited to his Celsius account. It is believed to be the first time that an athlete will be paid fully in cryptocurrency for a marketing partnership.

“We are delighted to collaborate with Spencer dinwiddie on this effort to bring the next 100 million people into crypto. “said Vijay Konduru, CMO of Celsius. “Spencer is not only an accomplished athlete and entrepreneur, but he’s also a longtime adopter and ambassador of crypto and blockchain technologies. He also shares Celsius’s mission to do good and then do good. All of this creates an extreme synergy, partnership that our entire team is delighted to work together and make significant progress. “

“I am delighted to join Celsius as an official partner of the industry’s leading crypto-yield production and lending platform,” said Spencer dinwiddie of the Brooklyn Nets. “Being one of the early adopters of crypto, I saw firsthand the benefits of blockchain-based finance and the opportunities it presents where traditional banking methods have failed. Not only is Celsius a pioneer in this field, but we share the same. values ​​and a commitment to a business model that prioritizes giving back to the community it serves. “

About Celsius

Celsius helps hundreds of thousands of consumers around the world find the path to financial independence through a compound return service and low-cost instant loans accessible through a web and mobile app. Built on the belief that financial services should only do what is in the best interests of customers and the community, Celsius is a free blockchain-based platform where membership provides access to organized financial services that are not available through traditional financial institutions. For more information, please visit www.celsius.network.

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