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China Securities Regulator Bans Brokers From Using ‘Feng Shui’ To Predict Stock Market moves

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Despite Beijing’s promises to ease up on its crackdown on Chinese financial markets, Reuters recently reported that the country’s top securities regulator has launched a crackdown on brokerages using feng shui – an ancient Chinese tradition – to predict stock market trends in notes to clients.

Citing local media reports in the Chinese Securities Journal, Reuters revealed that China’s Securities Regulatory Commission recently unveiled a “zero tolerance” policy prohibiting brokers from using feng shui to justify its stock recommendations.

As part of the crackdown, it has punished some brokers who have incorporated feng shui techniques into their market forecasts and investment advice. Such techniques include ‘heavenly stems’ and ‘earthly branches,’ – also known as tiangan dizhi, Yin-Yang, and Five Elements.

The original report didn’t name any brokerages by name, and it didn’t offer much in the way of details. Some Chinese brokerages, including Guosheng Securities and Essence Securities, have received warning letters from the CSRC over the past year after releasing reports that incorporated elements of feng shui.

But while CSRC is under tremendous pressure to enforce ‘stability’ in Chinese markets, it’s hard to imagine these techniques being much worse than whatever American analysts (like, for example, technical analysis) are using to recommend trades to clients.

How is Bitcoin different from Bitcoin cash?

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To many, Bitcoin and Bitcoin Cash might seem like one and the same thing. If anything, the latter might seem like another extended name for Bitcoin. However, these are two different cryptocurrencies trying to achieve distinct goals, it’s just that they have many things in common.
 
They both use the same white paper, codebase, and block rewards system. However, Bitcoin Cash is actually an evolution of Bitcoin. It shares many characteristics with its predecessor and boasts several new features too.
 
Bitcoin Cash was created through a hard fork in the Bitcoin Blockchain. A hard fork refers to a significant change in a blockchain network. It is a radical update that splits a cryptocurrency into two. After the split, one cryptocurrency follows the protocols of the old blockchain, and the other follows a new set of protocols. This is what happened with Bitcoin in 2017, leading to the formation of Bitcoin Cash.
 
Bitcoin Cash has become a prominent cryptocurrency thanks to the new and improved features it brings to the table. Let’s understand what Bitcoin Cash is and how it came to being.
 
The problem with Bitcoin
 
Scaling has always been an issue for Bitcoin, and several other blockchains too. The growth of a network leads to more transactions. The blockchain then needs more nodes to verify these transactions. This increased traffic clogs the network, resulting in slower transaction processing and higher transaction fees.
 
While other new blockchains can finalize a transaction in seconds, it takes networks like Bitcoin and Ethereum minutes to do the same. As a result, people have to wait longer for their transactions to be processed, which is not good for a network trying to onboard new users. And even if it did onboard new customers, they would only amplify the problem.
 
Global payment provider Visa can process an average of 17,000 transactions per second. In contrast, the average transaction per second rate for Bitcoin is 5.
 
Another factor that slows down the transaction rate is the block size. Blocks are where the transaction data is stored after verification. Each block on the Bitcoin network is 1 MB. When there is more traffic in the network, the limited block size creates a backlog of transactions waiting to be finalized.
 
The solution to the scaling problem
 
Scaling has become an important factor for developers and users use to gauge the proficiency of a blockchain network. Newer blockchains that have inbuilt scaling solutions have emerged and offer TPS rates in the thousands. To combat this, blockchains with scaling inefficiencies have developed two interesting solutions:
 
-Creating layer two solutions: Here, a secondary network is built on top of the primary blockchain. This secondary layer takes some of the transaction load from the main network and processes it before sending it back for storage.
 
-Increasing the block size: This allows more transactions to be stored on a single block.
 
 
 
However, both solutions have trade-offs. And this is what the bitcoin community struggled with — choosing one over the other. The debate about what solution to apply to the Bitcoin network ultimately led to a split in the network and gave us Bitcoin Cash.
 
The Bitcoin hard fork
 
In 2017, prominent figures in the Bitcoin community met behind closed doors to decide what solution would be adapted to address the scaling problem. The topic of contention was the SegWit2x upgrade that called for the block size to be increased to 2MB.
 
This led to a debate between the opposers and those in favour of the increase. The opposers lamented that the upgrade would not align with Satoshi Nakamoto’s roadmap for Bitcoin. Increasing the block size would increase the overall size of the blockchain, making it harder to host a full node.
 
People in favour of the size increase argued that it would lead to higher transaction rates and lower transaction fees. They also argued that if Bitcoin did not implement the measure, it would cause harm in the longer run.
 
Even after much debate, a consensus could not be reached. Eventually, those in favour of the increased block size forked the Bitcoin blockchain on August 1, 2017, leading to the creation of Bitcoin Cash.
 
The differences between Bitcoin and Bitcoin Cash
 
Value of the asset
 
The most significant difference for the average crypto trader would be the price of the two assets. Bitcoin is much costlier than Bitcoin Cash and has a significantly larger global market cap. At the time of writing, bitcoin was selling at around $45,000, while bitcoin cash was priced at around $350.
 
Block size
 
This is the main factor that led to the split of the network. Bitcoin still has a block size of 1 MB, while Bitcoin Cash’s block size has grown to become 32 MB. The increase in block size has decreased Bitcoin Cash’s transaction fee and increased the transaction per second rate to 200 TPS.
 
Implementation of smart contracts
 
Smart contracts have become an important facet of the blockchain and decentralised finance industry. They are self-executing pieces of code that are triggered when certain conditions have been met. Thus, they remove the need for mediators and intermediaries.
 
Bitcoin Cash supports smart contracts on its network, while Bitcoin does not. Although, there is some speculation that Bitcoin will also soon adopt smart contracts in its network.
 
Token issuance
 
Tokens on the Bitcoin network are issued by projects using the Omni layer, a platform that creates and trades custom digital assets.
 
 
 
Meanwhile, Bitcoin Cash uses a protocol known as the simple ledger protocol (SLP). SLP allows tokens to be issued in a similar way to how the Ethereum network does it. In addition, SLP also helps to issue NFTs or non-fungible tokens.
 
The ’replace by fee’ feature
 
The Bitcoin network has a feature that allows transactions that have not been confirmed to be cancelled and replaced with another transaction, they just need to be accompanied with a higher transaction fee.
 
Bitcoin Cash got rid of this feature in the split. Unconfirmed transactions cannot be cancelled on the network, but this does not present itself as a huge problem because the transaction throughput of Bitcoin Cash is higher than Bitcoin’s.

Twitter is tinkering with an edit button

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twitter office

Twitter is working on an edit button that is probably a symbolic and fundamental shift. Coincidentally such a salient step comes after the backdrop of Elon Musk’s becoming the majority shareholder in the social media giant. The company states that they are indeed working on an edit button Tuesday.

They state that they have been working on an editing feature since last year. This feature will not be released to the public as yet and will be tested in Twitter Blue Labs, which is basically a premium subscription area where test out new features with the audience who opt for that option.

From the announcement it is clear that we will probably get to use this feature sometime this year. It’s a pretty interesting move that might anger some fans who liked Twitter for their unfiltered unedited option. Given the current climate of misinformation, users will now be given a chance to edit their mistakes.

Currently Twitter is enjoying a euphoric moment given that Elon Musk has become the main shareholder who might want to impose his own ideas into the mix. Given his unpredictability, it’s up for grabs whether Twitter will change and if that is case, by how much?

Regardless, his fans are waiting to see what he has up his sleeve for the social media giant.

Substack is ramping up podcast monetization

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Transferring paywalled sound on Substack isn’t new; however, the bulletin stage is re-increasing its endeavor to charm podcasters into utilizing its administration.

Substack posted two blog entries today encouraging makers to make digital broadcasts on Substack. Like a bulletin, they can charge supporters for access, inasmuch as they will leave behind a 10% cut. This works for podcasters whose whole show is paywalled, as well as concerning podcasters who just paywall certain episodes.

Posting on Substack doesn’t disallow you from likewise sharing public episodes on different podcatchers – audience members can get to paywalled episodes on either the Substack application or through the RSS channel.

Apple and Spotify have been dueling to make themselves the go-to stage for digital broadcast adaptation; however, Substack is contending similarly as with other membership stages like Patreon.

Unintentionally, the digital recordings “The Fifth Column” and “American Prestige” both declared for the current week that they will close down their current Patreon records to join Substack, per Hot Pod.

Substack has recently charmed enormous makers over to its foundation by paying huge loans, yet the stage doesn’t uncover who it does or doesn’t pay a development – the organization’s arrangement is to allow the makers to choose for themselves if they have any desire to reveal that they’re important for what it calls the “Substack Pro” program. Thus, we can hypothesize whether these Patreon-to-Substack developments are anything over unplanned planning.

It’s difficult to get out whatever benefit Substack gives podcasters that Patreon doesn’t propose to. Substack has additionally been chipping away at local video transfers in beta, assisting creators with better controlling who sees their paywalled recordings – at the present time, on Patreon, a paywalled video is normally a connection to an unlisted YouTube video, which can be effectively shared.

However, Patreon has likewise expressed that it’s dealing with local transfers. Other than that, Patreon takes either a 5%, 8%, or 12% cut contingent upon what plan you pick, while Substack takes 10% – except if you’re on Patreon’s top-notch arrangement; you’ll keep a greater amount of your income around there.

Podcasters of a specific kind may be influenced by Substack’s “hands-off” satisfied control strategy. Both Substack and Patreon preclude spam, pornography, criminal operations, doxxing, copyright infringement, and pantomime; however, Patreon has more itemized rules about falsehood connected with COVID-19 and QAnon.

Substack’s remiss principles have made it an agreeable home for some, conspicuous enemy of antibody figures restricted from standard informal communities like Twitter.

A little subset of five unmistakable enemies of immunization pamphlets alone pulls in no less than $2.5 million every year on the stage.

11 must have tools for digital marketers

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Digital marketing can be a daunting task. You are managing email campaigns, social media, brand management, etc. Within all those different tasks you also have subtasks that could be an entire discipline by itself. Thankfully today our jobs are a lot easier with the tools available at our fingertips.

These tools can allow us to automate tasks and make our jobs a lot easier. Instead of building an entire campaign from scratch, we can use tools that were built to handle these things. It also improves your overall productivity as well; you can automate some of the tasks and focus on others that really matter.

Within this post you will see 11 tools that can help to improve your digital marketing process:

SendGrid

SendGrid offers a full set-up of email promoting tools, a significant number of which can be easily used.

For instance, the stage offers adaptable design choices by means of visual, simplified altering, coding, or a blend of both.

Inside and out deliverability and execution investigation are additionally incorporated into SendGrid, enlightening advertisers regarding which messages are performing and what requirements work.

LemList

Lemlist can be a very important tool. By focusing on the best times to send your messages (and how frequently) for additional opens and snaps, lemlist is amazing for upgrading your current missions.

Instead of re-thinking your promoting pushes, lemlist can be a shocker as far as how to heat up your rundown.

Clearscope

Clearscope is a great tool to capitalize on keyword opportunities on the internet.

Especially valuable for content composition, the platform gives a definite proofreader to suggest catchphrases, headers and clarity to assist you with composing (or change) high-positioning, even blog entries.

Whether you’re coming up with a substance technique without any preparation or reviving your current sites, Clearscope covers everywhere of inquiry streamlining.

Unbounce

Unbounce is an astonishing instrument for building and publishing landing pages. Implicit A/B testing and variation examination can answer straightforwardly which creatives and extra page components are working (and which aren’t).

You can utilize Unbounce’s demonstrated greeting page formats as a leaping off point and afterward change them to accommodate your style. The stage’s examination explain plainly which presentation page variations are your top entertainers.

Hotjar

This interesting tool helps you to see where users clicking on your website. Often times this analysis can help you to understand the hot points on your website. This can help to guide your decision making on whether to change your website layout or optimize the areas where users are clicking.

Clearbit

Clearbit provides an up-to-date profile of your leads. Oftentimes emails tend to change as our prospects make career changes or even a location change. Keeping check on these data points are essential in lead outreach.

Clearbit has a platform which provides us with all this information so we don’t have to be scouring the internet to wonder why a potential client email is blocked.

OptiMonk

OptiMonk is a platform that’s main aim is to make pop-ups less disruptive.

Historically pop-ups are seen as a huge turn off for customers and it kills the user experience.

With an accentuation on lead catch and exit plan messages, the platform makes your pop-ups less problematic.

The potential gain of OptiMonk is that it’s known for its usability. Bragging a ton layouts with laid out normal navigate rates, brands can alter their messages in light of pop-ups that are demonstrated to be successful.

TypeForm

Filling out forms can be another process that can impact the optin rate of your ads or the overall experience of your campaigns. We all know how excruciatingly annoying filling out forms can be.

TypeForm can allow us to create beautiful forms that customers can fill out and which makes the overall process easier and user friendly.

Creatopy

Creatopy is a graphic design tool that makes it easier for marketers to create graphics for their campaigns. As a marketer you don’t have to spending hours creating graphics, you can use ready-made templates provided by creatopy.

These templates could a social media post, advertising banner or some other advertising medium you need templates for.

Visme

Visme is an interesting platform that could help you to visualize data or some research that you want to publish and share on social media. If you are in an industry where sharing data is important and you want to showcase your findings in a user-friendly way, Visme can help you create those presentations.

Loomly

Loomly is a tool that small teams can use to organize and collaborate on content.

Built-in calendars, deadlines and workflows make both scheduling and brainstorming content easier. It also curates fresh content ideas for users based on trending topics from the internet.

Facebook hired firm to smear Tik-Tok

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BRAZIL - 2019/04/08: In this photo illustration the TikTok (Douyin) logo is seen displayed on a smartphone. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)

As per another report from Taylor Lorenz in the Washington Post, Facebook employed Targeted Victory, an advertising firm that was sent off by previous GOP official up-and-comer Mitt Romney’s 2012 advanced chief, to coordinate and do an enemy of TikTok crusade.

One region that Targeted Victory seems to zero in on is getting neighborhood news sources to cover TikTok patterns that could be hazardous or destructive to youngsters.

Last year, a connection about a viral “Slap a Teacher” TikTok challenge was partaken in an instant message bunch for guardians of children in my child’s 1st-grade class. This tale about a disturbing TikTok pattern for kids was spreading the nation over.

Nearby news stations, particularly, covered this news with TV sections on stations running from CBS Sacramento in California to WPLG Local 10 in Miami, Florida.

In the days later “Slap a Teacher” TikTok challenge spread; obviously, such a pattern didn’t exist on the stage. It was a trick that was at first spread through posts on Facebook.

In any case, as per the report, Targeted Victory helped spread the phony test and, surprisingly, gloated about nearby news inclusion on the nonexistent TikTok pattern that it had the option to acquire.

The gathering kept an interior record that documented negative press TikTok got from this and different patterns, for example, the “wicked licks” pattern, a school property vandalization challenge that existed on the stage, but really began on Facebook, as per a report from the digital broadcast Reply All.

In messages got by the Post, Targeted Victory workers planned ways of spreading negative anecdotes about TikTok.

“While Meta is the current punching sack, TikTok is the genuine danger particularly as an unfamiliar possessed application that is #1 in sharing information that youthful teenagers are utilizing,” a chief at Targeted Victory wrote in an email about the mission’s informing.

Workers even envision potential features for inclusion, for example, “From moves to risk: how TikTok has turned into the most hurtful virtual entertainment space for youngsters.”

One more email from a staff member expounded on a “more extensive message” to deflect Congress and other state authorities from conceivable regulation focusing on Facebook.

The online entertainment monster Meta has as of late been the subject of expanded investigation because of the disclosures uncovered by Facebook informant Frances Haugen with respect to the well-being of youngsters on Meta-possessed stages like Instagram.

Designated Victory, which has gotten countless dollars from Republican missions, was fruitful in doing precisely that. Representatives and nearby authorities openly shared their anxiety about TikTok because of a portion of the tales Targeted Victory assisted with spreading.

The move isn’t completely stunning coming from Facebook. The informal organization plainly sees TikTok as a danger. Meta CEO Mark Zuckerberg and friends have utilized problematic strategies to take on contenders already.

A Facebook representative shielded Targeted Victory’s mission telling the Post “we trust all stages, including TikTok, ought to confront a degree of investigation steady with their developing achievement.”

However, TikTok is a behemoth, supported by an organization that surely is able to take on Facebook. An organization representative told the Washington Post that it was “profoundly worried” by the report; however, it will positively be fascinating to perceive how TikTok truly answers.

Putin issues decree stating “unfriendly” countries should pay for rubles

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TOPSHOT - Russian President Vladimir Putin looks on during a press conference after meeting with French President in Moscow, on February 7, 2022. - International efforts to defuse the standoff over Ukraine intensified with French President holding talks in Moscow and German Chancellor in Washington to coordinate policies as fears of a Russian invasion mount. (Photo by Thibault Camus / POOL / AFP) (Photo by THIBAULT CAMUS/POOL/AFP via Getty Images)

Putin sticks to his word by issuing a decree to “unfriendly” countries that they should start finding ways to pay for Russian gas in rubles. Over the last couple of weeks, rumors were swirling around that Russia was planning to use this tactic as a countermeasure to the sanctions they have faced from the west. It all turns out that Moscow wasn’t bluffing.

Vladimir Putin on Thursday said Russia was establishing “a clear and transparent scheme” for these foreign customers. “If such payments are not made, we will consider this a default on the part of the buyers — with all the ensuing consequences,” he added during a speech at the Kremlin.

Thus far this move is only targeting buyers in 48 countries, including those from the EU. The requirements are such that, each country will be required to open a bank account in foreign currency and in rubles at Gazprombank in Russia.

Russia is mainly targeting countries that they have deemed to be unfriendly towards Russia in imposing sanctions on the country in light of the invasion.

Putin gave the central bank, the customs authorities, and the government 10 days to implement the new system. Because most April deliveries-related payments are not expected until early or mid-May, the decree will effectively be tested next month

Europe is in an uproar over the move but it’s a move that seems logical. It’s impossible for Russia to work with countries given the financial sanctions that have been imposed on them by the west. By settling the payment of gas in their local currency, it will prop up the ruble.

Let’s see how this plays out as we are in the beginning stages of this economical war.

Kaspersky is placed on US lists of national security threats

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A man walks next to Russian Kaspersky stand during the GSMA's 2022 Mobile World Congress (MWC), in Barcelona, Spain, March 2, 2022. REUTERS/ Albert Gea

As the war in Ukraine continues, the United States of America is looking for anything to get a heads up on Russia. Russia is now the most sanctioned country in the world and the longer the war continues the more the pressure builds up. Kaspersky is a cyber security company that builds security applications to protect computers and other devices.

It is a company that is created and headquartered in Russia. Now that the US and Russia’s relations is at an all-time low, Kaspersky is on the naughty list. This situation marks the first time a Russian company is being blacklisted by the United States.

“I am pleased that our national security agencies agreed with my assessment that China Mobile and China Telecom appeared to meet the threshold necessary to add these entities to our list,” FCC Chairwoman Jessica Rosenworcel in a press release.  

“Their addition, as well as Kaspersky Labs, will help secure our networks from threats posed by Chinese and Russian state-backed entities seeking to engage in espionage and otherwise harm America’s interests.”

Kaspersky never took this news lightly as they quickly release a press release on their website which gives their opinion on the matter which seems to be entrenched in “politics”. It is to be noted that Kaspersky has been on the radar for some time, in 2017 it was accused of stealing classified documents from the National Security Agency.

The Kremlin quickly denied those accusations. Donald Trump also went on the offensive at one point in his tenure as US president. He signed a bill banning Kaspersky products from being used by federal agencies, alleging that they have deep ties to the Kremlin.

This is probably a symbolic move by the United States to show Russia that more Russian companies will soon be added to the “blacklist”.

Axie Inifinity’s Ronin Network suffers major hack

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Crypto gaming goliath Axie Infinity, which raised last year at a $3 billion valuation from a16z, was at that point having a devastating week. It simply had barely any familiarity with it until today.

The well-known play-to-acquire title’s Ethereum-connected Ronin sidechain was taken advantage of for 173,600 ether, or about $597 million, and $25.5 million worth of the stablecoin USDC. Peculiarly, the adventure happened six days prior on March 23, yet was not found until March 29, Ronin designers partook in a post.

This hack aggregates nearly $625 million at current worth, making it the biggest decentralized finance hack to date, as per the DeFiYield REKT data set, which tracks Defi tricks, hacks, and exploits. These exploits outperformed the past biggest adventure in September 2021 of $602 million on Poly Network.

Ronin was made explicitly as a sidechain to help Axie Infinity. Axie Infinity is one of the most notable Ethereum-viable play-to-acquire games and saw outrageous development in 2021.

It initially expected a “forceful objective” of 250,000 clients before last year’s over, yet outperformed the objective by 1,000% with a local area of around 2.9 million clients.

The hack happened across two exchanges, one for the ether and the other for the USDC, as per Etherscan on-chain information. The assailant utilized hacked private keys to manufacture counterfeit withdrawals, they composed. “We found the assault toward the beginning of today after a report from a client being not able to pull out 5k ETH from the scaffold.”

The group expressed it is working with “different government offices to guarantee the crooks get dealt with.”

The ether and USDC stores on Ronin were depleted from the extension contract; however, the organization is working with partners from Axie Infinity and its parent organization Sky Mavis to decide the best push ahead so no client reserves are for all time lost, it said. “All of the AXS, RON, and SLP [tokens] on Ronin are protected at the present time.”

Elon Musk is being tempted to make his own version of Twitter

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Elon Musk, chief executive officer of Tesla Inc., departs from court for the SolarCity trial in Wilmington, Delaware, U.S., on Monday, July 12, 2021. Musk was cool but combative as he testified in a Delaware courtroom that Tesla Inc.'s more than $2 billion acquisition of SolarCity in 2016 wasn't a bailout of the struggling solar provider. Photographer: Al Drago/Bloomberg via Getty Images

In an age where “free speech” is more of becoming a buzzword that means absolutely anything anymore. Tesla CEO Elon Musk seems as if he is currently thinking about starting his own platform.

What lead him to this idea is hard to tell given that his content hasn’t been censored in any way and he has amassed a large following over the years.

He started off with a Twitter poll, in which he asked his followers a question on whether they think Twitter rigorously adheres to the principle of “free speech”. It was a yes and no type question where 70.4% of the voters answered no and 29.6% answered yes.

It goes to show that users are not confident of Twitter’s role as being an epitome of “free speech” which others would like to believe. Someone later asked him a question about whether he would be considering building a social media platform for the very purpose of upholding “free speech”, he replied that he was giving it thought.

Whether anything will come out of this, is really hard to tell given that Elon Musk has a lot of ventures he is currently working on. It’s not the first that a celebrity has done something like this, in fact, former US President Donald Trump created his own social media platform Truth Social after his account got deleted from Twitter.

Let’s see what comes out of this, this might just be another PR stunt.