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Tag: money

  • 7 Inspirational Ways to Encourage Healthy Lifestyle Habits

    7 Inspirational Ways to Encourage Healthy Lifestyle Habits

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    Image by gpointstudio on Freepik

    Do you ever adopt a new diet for a week or two, only to lose interest quickly? Maybe you made a new year’s resolution to go to the gym every day but only went for a month or so? It’s tough to stay motivated with new healthy lifestyle habits. No matter how much you want to, you always lose interest in them. But what if there were some easy ways to stay motivated and inspired? What if you could keep wanting to exercise? Here are 7 of our top tips for staying motivated to have a healthy lifestyle:

    1. Be positive about yourself

    Because you can’t do good if you don’t feel good. So whether you get your five a day, you miss a day of exercise or haven’t eaten healthily, missing a day here or there is not immoral! So don’t feel guilty or bad, and don’t punish yourself. Positive self-belief is an essential part of a healthy lifestyle.

    On top of this, make sure the people you spend the most time with help you feel good about yourself. For example, if your friends tempt you to smoke, drink or overeat, try hanging out with different people.

    Don’t worry too much about dress sizes, a goal weight, or meeting your exact step count goal every day. Instead, do what you know is right for you – eat vegetables, move a little, and be happy.

    2. Have a realistic goal

    If you want to make lasting healthy changes in your life, a realistic goal is the best way to stay motivated. Of course, you’re probably not about to climb Everest next week, even if this is your eventual goal. But if you set a goal like walking 6000 steps daily, swimming ten laps at the pool twice a week, mastering a specific yoga move, or cycling around your street every evening, you’re much more likely to stick to it.

    If you’re having trouble sticking to your goal, try having a friend hold you accountable. Alternatively, apps like the Couch to 5K app can give you that gentle prod you need to get going.

    3. Make small and gradual changes to your lifestyle

    If you try to overhaul your diet completely or implement a fitness regime overnight, you will probably find this daunting and very hard to stick to! Instead, try making one small change every day. For example, if your goal is to eat less meat or processed food, try changing one meal or snack to something plant-based or more wholesome. If you want to move more, try walking a little further daily rather than immediately overdoing it at the gym. Try standing up at your desk for an hour, going for a short lunchtime walk, or drinking one glass of water a day – even the little things can make a big difference.

    4. Exercise in a way that suits you

    Exercise is tough. This is especially true when it disrupts your usual routine, takes up a lot of time, or you don’t like doing it. However, there are some simple ways to make exercise work for you.

    The best way to exercise is in a way that suits you. If you struggle to find the time for exercise, try working it into times you wouldn’t usually be doing anything. For example, you could do stretches or lunges as you boil the kettle or walk around your sofa during ad breaks. Or, you could walk to the café during your lunch break rather than eating more local.

    You can also make commutes and journeys a workout. For example, try cycling to work, parking a little further away and jogging to your destination, or walking up and down on public transport.

    Alternatively, try thinking of ways to exercise that you will enjoy. For example, if you don’t like jogging in the rain, just jog on the spot in your home! If you detest running, try out parkour, yoga, dancing around the kitchen, or anything that sounds fun to you.

    Here are some more tips on how to work some exercise into your day.

    5. Get enough good quality sleep

    Ways to Encourage Healthy Lifestyle Habits

    Photo by Andrea Piacquadio from Pexels

    Okay, so this isn’t that related to physical activity. However, getting enough sleep has a myriad of benefits. When you get enough high-quality sleep, you’ll have superior energy levels and feel more motivated in your life. You’ll also have better concentration, improved mental health, and greater well-being. Combined with a balanced diet and some physical activity, you’ll feel amazing when you get enough sleep and have even more motivation for your healthy lifestyle!

    You know the drill – no screens leading up to bedtime, and make sure you have a relaxing environment. But you can also try a lavender pillow spray or some white noise if you struggle to get to sleep.

    6. Exercise with a friend

    Those personal trainers at the gym are terrifying, but they serve a vital purpose – to motivate you and hold you accountable. However, if you want a more friendly way to meet your physical activity goals, why not exercise with a friend? This way, not only do you get the benefit of catching up with a pal, but you also stay motivated and have more fun!

    Another way to stay motivated when you exercise is by going to exercise classes. This way, you’re part of a community, and the instructor keeps you all motivated.

    7. Celebrate every day!

    All these healthy lifestyle changes can make you feel great. But equally, all that physical activity, celery juice cleanses and cutting out caffeine can be a real slog. That’s why you should feel free to celebrate every stage of your healthy lifestyle journey! You don’t have to post your breakfast acai smoothie bowl on Instagram daily, but it’s meaningful to feel good about your actions. Having a healthy and reasonable goal to work towards is essential. But savour life’s pleasures, and don’t let reaching the next goal take over your life.

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    Sian Acebo

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  • Fed’s Waller says market has overreacted to consumer inflation data: ‘We’ve got a long, long way to go’

    Fed’s Waller says market has overreacted to consumer inflation data: ‘We’ve got a long, long way to go’

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    Federal Reserve Gov. Christopher Waller said Sunday that financial markets seem to have overreacted to the softer-than-expected October consumer price inflation data last week.

    “It was just one data point,” Waller said, in a conversation in Sydney, Australia, sponsored by UBS.

    “The market seems to have gotten way out in front over this one CPI report. Everybody should just take a deep breath, calm down. We’ve got a ways to go ” Waller said.

    Investors cheered the soft CPI print, released Thursday, driving stocks up to their best week since June. The S&P 500 index
    SPX,
    +0.92%

    closed 5.9% higher for the week.

    The data showed that the yearly rate of consumer inflation fell to 7.7% from 8.2%, marking the lowest level since January. Inflation had peaked at a nearly 41-year high of 9.1% in June.

    Waller said it was good there was some evidence that inflation was coming down, but noted that there were other times over the past year where it looked like inflation was turning lower.

    “We’re going to see a continued run of this kind of behavior and inflation slowly starting to come down, before we really start thinking about taking our foot off the brakes here,” Waller said.

    “We’ve got a long, long way to go to get inflation down. Rates are going keep going up and they are going to stay high for awhile until we see this inflation get down closer to our target,” he added.

    The Fed is focused on how high rates need to get to bring inflation down, and that will depend solely on inflation, he said.

    Waller said “the worst thing” the Fed could do was stop raising rates only to have inflation explode.

    The 7.7% inflation rate seen in October “is enormous,” he added.

    The Fed signaled at its last meeting earlier this month that it might slow down the pace of its rate hikes in coming meetings.

    The central bank has boosted rates by almost 400 basis points since March, including four straight 0.75-percentage-point hikes that had been almost unheard of prior to this year.

    “We’re looking at moving in paces of potentially 50 [basis points] at the next meeting or the next meeting after that,” Waller said.

    The Fed will hold its next meeting on Dec. 13-14, and then again on Jan. 31-Feb. 1.

    At the same time, Powell said the Fed was likely to raise rates above the 4.5%-4.75% terminal rate that they had previously expected.

    “The signal was ‘quit paying attention to the pace and start paying attention to where the endpoint is going to be,’” Waller said.

    In the wake of the CPI report, investors who trade fed funds futures contracts see the Fed’s terminal rate at 5%-5.25% next spring and then quickly falling back to 4.25%-4.5% by November. That’s well below the levels prior to the CPI data.

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  • Sustainable Investing and How to Make it Work

    Sustainable Investing and How to Make it Work

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    Photo by Possessed Photography on Unsplash

    For the past decade, more and more people have started to care about sustainability. And, with the growingly evident consequences of pollution, climate change, deforestation, and uncontrolled use of natural resources, this isn’t much of a surprise.

    But while, as a society, we still have a long way to go, things are (at least partially) starting to look up. Consumers, businesses, and some governments are starting to prioritize green practices, which is a step in the right direction.

    And here’s the thing: you, too, can become directly involved in creating a better world. Plus, you can make money while doing it. The secret? Sustainable investing.

    What Is Sustainable Investing?

    The term sustainable investing refers to a range of practices where investors make decisions that align with environmental, social, and governance values.

    These ESG values guarantee that the ultimate purpose of making any investment isn’t simply to generate wealth (although that’s also important). But, more than that, the goal of making decisions based on ESG values is to choose funds and stocks that will positively impact society and bring forth a better future.

    How Are ESG Factors Determined?

    To determine how a stock or fund scores in terms of ESG factors, investors will look at the following criteria:

    1. Environmental: How a company impacts the environment (its carbon footprint, resource management, waste output, water conservation efforts, whether it uses clean energy, etc.) determines whether it’s a green brand.

    2. Social: All businesses have an impact on society. Starting with the supply chain and how they treat workers, whether they advocate for social good and how they impact communities, all have an effect on a brand’s social score.

    3. Governance: The internal workings of a company (how it’s governed) determine its standing in terms of driving positive change. Essentially, sustainably-oriented investors will look to support organizations that practice transparency and are committed to anti-corruption and diversity.

    Why Does Sustainable Investing Matter?

    Well, the superficial answer would be to say that sustainable investing helps create a better future. However, it’s crucial not to forget that brands with high ESG scores also have a better chance of reaching success, especially these days.

    For instance, a recent PWC report revealed that half of all consumers make purchasing decisions based on ESG concerns.

    So, knowing that buyers want to support environmentally friendly organizations, it’s easy to conclude that sustainable investments have a real potential to perform better in the long run compared to those that do not have a positive impact on the world.

    How to Make Sustainable Investing Work for You

    Getting started with sustainable investing might seem daunting, especially if you’ve never purchased stocks before. But the truth is, it doesn’t have to be. All you have to do is divide the entire process into smaller, bite-sized steps.

    Determine Your Preferred Level of Involvement

    Before you can get started with sustainable investing (or any other type of investing, for that matter), you must first determine how much of your time you’re prepared to give up.

    For some people, investing is a full-time job that (sometimes) takes up more than 8 hours of their day. They hand-pick individual stocks, constantly monitor the market to discover opportunities, and usually generate their entire primary income through investing activities.

    For others, investing is no more than a source of passive income, a way to make their money work for itself instead of losing its value sitting in a bank account. These investors usually invest in funds or let investment advisors make decisions for them based on a set of predetermined criteria.

    Finally, it’s also worth mentioning that hobbyists can dabble in sustainable investing (or let robo-advisors make investing decisions for them) and can even automate the entire process with a minimum amount of input on their part by using accessible software solutions.

    Naturally, all three of these options have their pros and cons. So, if you want to ensure you’re making the correct choice for your needs, you’ll first want to think about your preferred level of involvement, then take it from there.

    ESG Funds Vs. Sustainable Stocks

    Once you’ve determined the amount of time you’re prepared to set aside for sustainable investing, it’s time to choose the type of assets you want to acquire.

    On the one hand, you could invest in ESG funds, like the SPDR S&P 500 Fossil Fuel Reserves Free ETF, which allows you to invest in companies that don’t hold fossil fuel reserves. This is an excellent way to support brands whose values align with your own without having to take on a hands-on approach to investing.

    On the other hand, if you want to be more involved, you could research public companies and buy individual sustainable stocks. Yes, this does require more work. However, it also gives you a higher level of control over what companies you invest in, allowing you to support brands whose values align with your own.

    Calculate Earnings

    Finally, once you have an idea of what companies you want to invest in, don’t forget to calculate your earnings and see what returns you can expect.

    Generally, those prioritizing earnings will prefer to put their money into high-yield dividend stocks with a generous annual payout.

    But, if you’re looking for security (which is understandable considering this economy), you might prefer to opt for the ESG funds option. These hold the advantage of diversification, helping you minimize any potential losses.

    Final Thoughts

    There you have it, everything you need to know about sustainable investing.

    Whether you choose to employ this practice to create an income for yourself or go with alternative routes is entirely up to you. But rest assured that if you care about the environment, you won’t go wrong supporting businesses that do too. And if you can make even a little bit of money in the process, well, that’s just an added bonus.

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    Sarah Kaminski

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  • FTX bankruptcy is ‘somebody running a company that’s just dumb-as-f___ing greedy,’ says Mark Cuban

    FTX bankruptcy is ‘somebody running a company that’s just dumb-as-f___ing greedy,’ says Mark Cuban

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    Billionaire Dallas Maverick’s owner Mark Cuban recently offered his perspective on the implosion of crypto platform FTX late this week.

    ‘That’s somebody running a company that’s just dumb-as-fucking greedy.’


    — Mark Cuban

    Cuban, speaking on Friday at a conference in Washington, D.C. hosted by Sports Business Journal, shared the view that avarice was at the root of the downfall of one-time crypto darling Sam Bankman-Fried, whose firm FTX Group just filed for chapter 11 bankruptcy.

    “So what does Sam Bankman [Fried] do, he’s just–‘gimme more, gimme more, gimme more.’ So I’m gonna borrow money, loan it to an affiliated company and hope and pretend to myself that the FTT tokens that are in there on my balance sheet are gonna to sustain their value.”

    Check out: Mark Cuban says buying metaverse real estate is ‘the dumbest shit ever

    FTX’s collapse marks a stunning turnabout for a company, which was once valued at $26 billion, and whose founder, Bankman-Fried was viewed by many in the crypto industry as a venerable actor in the Wild West of digital exchanges.

    On Thursday, the 30-year-old entrepreneur tweeted: “I f—ked up, and should have done better,” referencing the collapse of his exchange.

    Embattled FTX, short billions of dollars, sought bankruptcy protection after the exchange experienced the crypto equivalent of a bank run. FTX, an affiliated hedge fund Alameda Research, and dozens of other related companies also filed a bankruptcy petition in Delaware on Friday morning. Boasting a nearly $16 billion fortune recently, Sam Bankman Fried’s net worth had all but evaporated in the wake of the FTX implosion, according to the Bloomberg Billionaires Index.

    The price of FTX’s native token FTT went down about 88.8% over the past seven days to around $2.74, according to CoinMarketCap data.

    The U.S. Justice Department and the Securities and Exchange Commission are looking into the crypto exchange to determine whether any criminal activity or securities offenses were committed.

    Regulators and are examining whether FTX used customer deposits to fund bets at Alameda Research, a no-no in traditional markets, according to reports.

    Cuban, who is one of the stars of the investing show “Shark Tank” and owns the NBA’s Dallas Mavericks, is a big investor in crypto and blockchain-related platforms. According to a CNBC report, he has said that 80% of his investments that aren’t on Shark Tank are crypto-centric.

    See: Tom Brady, Steph Curry and Kevin O’Leary set to lose big from FTX bankruptcy filing

    For his part, Cuban is part of a class-action lawsuit accused of misleading investors into signing up for accounts with crypto platform Voyager Digital, which filed for bankruptcy in July. The suit alleges that Cuban touted his support for Voyager and referred to it “as close to risk-free as you’re gonna get in the crypto universe.”

    Cuban mentioned Voyager in his Friday interview. Representatives for the billionaire investor didn’t immediately respond to a request for comment.

    The Mavericks owner took to Twitter on Saturday to say that the crypto implosions “have been banking blowups. Lending to the wrong entity, misvaluations of collateral, arrogant arbs, followed by depositor runs.”

    Cuban’s net worth is $4.6 billion, according to Forbes.

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  • Bitcoin’s Economy Is Already Is Circular

    Bitcoin’s Economy Is Already Is Circular

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    This is an opinion editorial by Aleks Svetski, author of “The UnCommunist Manifesto,” founder of The Bitcoin Times and Host of the “Wake Up Podcast with Svetski.”

    Bitcoin is the perfect money. It embodies all of the properties and functions of money:

    1. Store of value (SoV)
    2. Medium of exchange (MoE)
    3. Unit of account (UoA)

    …and does so in a way that any person or participant, from anywhere in the world can:

    1. Save without having their wealth invisibly stolen
    2. Spend without some Big Brother type of institution telling them what or with whom they’re allowed to do so
    3. Account, audit and verify what they have, when they received it and how much it is in relation to the whole.

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    Aleksandar Svetski

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  • FTX’s Sam Bankman-Fried: ‘I was shocked to see things unravel the way they did’

    FTX’s Sam Bankman-Fried: ‘I was shocked to see things unravel the way they did’

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    Sam Bankman-Fried, co-founder at crypto exchange FTX, tweeted Friday that he was “shocked to see things unravel the way they did,” after he quit as chief executive and the company and its related entities filed for bankruptcy.

    See: Sam Bankman-Fried resigns as CEO of FTX as cryptocurrency exchange files for Chapter 11 U.S. bankruptcy

    The bankruptcy “doesn’t necessarily have to mean the end for the companies or their ability to provide value and funds to their customers chiefly, and can be consistent with other routes,” Bankman-Fried tweeted Friday.

    Bankman-Fried has seen his net worth plunge to almost zero from $16 billion in less than a week, according to Bloomberg Billionaires index.

    FTX was once the third largest cryptocurrency exchange by trading volume. Bitcoin
    BTCUSD,
    +0.10%

    fell 3.4% Friday to around $16,838, hovering at around a two-year low, according to the CoinDesk data.

    A representative at FTX didn’t respond to a request seeking comment.

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  • Bitcoin falls to 2-year low, other cryptos down after market reacts to FTX bankruptcy news

    Bitcoin falls to 2-year low, other cryptos down after market reacts to FTX bankruptcy news

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    FTX, the crypto exchange, filed for voluntary Chapter 11 bankruptcy in a Delaware court on Friday, and chief executive Sam Bankman-Fried has resigned.

    Following the news, here is how prices are doing for major cryptocurrencies, according to CoinDesk data.

    Bitcoin  BTCUSD, -4.92%  The price for Bitcoin was around $19,350 before the announcement of the potential FTX/Binance deal on Tuesday. The price jumped to $20,590 in less than an hour after the announcement. But dropped to a 2-year low of $17,484. Currently, the Bitcoin price is $16,907.19, a change of -5.04% over the past 24 hours.

    Ethereum  ETHE, -9.66% Currently, the Ethereum price is $1,252.60, a change of -6.60% over the last 24 hours. The price of Ethereum was around $1,438 before the announcement, and peaked at $1,562 under an hour after. Later on Nov 8, the price dropped to $1,289.

    FTT: Today the price of FTT, which is the FTX token, is $2.74, down 20.37% in the last 24 hours, according to CoinMarketCap data. At the beginning of the week, on Nov 7, the price was around $22.06.

    Solana: Currently, the price is $17.34, a change of 2.91% over the past 24 hours. The price of Solana before the announcement was around $27.69, and peaked at $31.29 shortly after the announcement.

    Binance Coin: The Binance Coin price is $285.74, a change of -7.02% over the past 24 hours. The Binance Coin price was around $322 before the announcement that Binance might acquire FTX on Nov 8.

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  • How to Set Up an Outdoor Pursuits Group

    How to Set Up an Outdoor Pursuits Group

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    Photo by Aubrey Odom-Mabey on Unsplash

    Outdoor pursuits and activities are part of a rich seam of tradition in the UK, as hobbyists and thrill-seekers alike club together to make the most of the UK’s beautiful natural land. According to the ONS, outdoor leisure brings around £12 billion to the UK’s economy each year, with that figure on the rise.

    But, tragically, support for outdoor activities and pursuits is on the decline. Despite the social, physical and mental benefits of engaging with green spaces, and enjoying active hobbies in the vein of cycling, running, rambling, or climbing, organisations that bring active hobbyists together are somewhat dwindling.

    But as an active sportsperson or hobbyist yourself, you might be in a position to reverse the tide. If you wanted to create your own outdoor pursuits group, what would you need to think about in getting one off the ground?

    Logistics and Administration

    Briefly, it is important to mention that starting up an outdoor activities club or group is not necessarily as simple as finding friends to take a trip with. You may need a formal structure to handle the management of equipment ownership and hire – consequently meaning you may also have to assume liability if accidents happen. As such, legal compliance and insurance measures are crucial for you to take seriously.

    Marketing

    Next up, you will need to think carefully about marketing your group. How will you find your target audience, and ensure enough numbers to afford the various activities you hope to undertake? For something as relatively niche as your outdoor pursuits club, direct approaches will be more effective than the wide net that digital advertising can be.

    For example, you could have banners printed with your club mission and intentions included, to be placed prominently in local gyms and sports centres. This way, you can find engaged people who are more likely to have an interest in outdoor activity. You could also create a presence online, with accounts in activity-specific forums to find like-minded folks who might be interested in joining a trip.

    Expanding Offerings

    With your activities group successfully launched, you are now in a position to think more actively about growth and expansion. This doesn’t necessarily mean the opening of new branches or chapters in other areas, though if you enjoy particular success then this could be a lucrative avenue for you to follow. Rather, your group’s success or potential could enable you to consider widening its scope.

    Even if numbers are a little low, having established a presence as a local group means you can start to consider incorporating other sports, activities, and interests into your group’s remit. You might be an expert in outdoor climbing, and another volunteer might have in-roads to rafting – but you might not have the expertise to run archery sessions.

    It wouldn’t be wise to include plans for archery before launch, but after launch, you are in a better position to find and petition other experts to join the fold. In this way, you can expand your offering and build a great multidisciplinary group in the process.

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    Robert

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  • Web3 – The Basics

    Web3 – The Basics

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    Image by Gerd Altmann from Pixabay

    Web3 has become a popular topic in the world of programming and web development. Betting on the cutting edge of the newest concepts and ideas not only helps your career but is also exciting as you work on some of the newest and most exciting projects. When working in an innovative part of the programming industry there is always new information to learn and innovations to keep track of. Luckily for the curious and driven, there are several sources of information to make use of. Blocknative docs are one such example of Web3 company document sites that provide a wealth of useful information to help further your learning. Web3 is a fascinating area to work in and here is a broad overview if you’ve been wanting to learn more.

    Web3: What It Is

    Web3 is the next step in internet development and is driven by the core application of blockchain technology. A key advantage is that web3 moves the control of web content such as data and personal information from the hands of the large companies that control it today and places it back into the hands of users. It not only allows for greater control but also the building and nurturing of a wider community.

    More About Blockchain

    To simplify blockchain is a decentralized public ledger. It is a listing of peer-to-peer transactions across multiple computers all around the world. This decentralization makes information very transparent as all transactions, the addresses they originated from and the addresses these transactions went to are all readily viewable in the ledger. The blockchain records its data in blocks each with a timestamp and, this data is also unable to be altered. This ensures that the information your viewing is accurate in terms of where, when, and how a transaction occurred. The fact that information cannot be altered or deleted is highly valuable, especially when so many transactions in several industries can be hidden, obscured, or outright lied about for others’ benefit. With blockchain, you can trust what you’re looking at.

    Blockchain Use Cases

    Blockchain technology is slowly seeing adoption and innovation in several areas. Currently, one of the most visible applications of blockchain technology is cryptocurrency. Two of the most well-known examples of cryptocurrencies are Bitcoin and Ethereum. Cryptocurrencies can be spent, traded, or bought, and are found on a variety of exchanges and accepted as payment in many areas of the internet for the purchases of goods and services. In the last decade, the growth of cryptocurrencies has been enormous.

    While cryptocurrency is certainly useful it is not the only area where blockchain technology is seeing use. Some other uses of blockchain technology include:

    • Non-fungible tokens or NFTs are seeing various areas of application such as art sales and collecting.
    • Decentralized Autonomous organizations (DAOs) are seeing use in the business world.
    • Decentralized finance or DeFi in the finance industry.
    • Use in the Metaverse in a variety of areas.

    These are just some areas where blockchain technology is seeing adoption and there are several other use cases and other applications currently being developed. Web3 will play a part in the future of the internet, and it is an exciting time to be a part of that.

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    Mark John

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  • The Problem With Money, And The Solution Explained

    The Problem With Money, And The Solution Explained

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    This is an opinion editorial by Arman The Parman, a Bitcoin educator passionate about privacy.

    The Problem

    To flourish, humanity needs to go back to free market money (not issued by central banks or governments, but arising from the market) that can’t be manipulated by central banks and/or governments, nor eradicated. This money also needs to be digital, to facilitate international value transfer, yet scarce (digital tokens have always been “copyable”).

    Gold used to work well, but being physical, as trade expanded beyond the local town to international trade, peer-to-peer exchange of gold became impractical. The solution to that weakness was to centralize it (using bank ledgers instead, or bank “notes”), and digitize it (digitization of notes/contracts), allowing banks to become intermediaries of all non-P2P transfers of money. Gold’s physical nature led to the introduction of gold-backed paper/digital money, but then ultimately to fiat money — government-issued money not backed by anything at all, not even gold. Fiat money costs nothing to produce, is not scarce, and allows governments to avoid market forces. It allows the government to always expand, facilitating a relentless and gradual march to worldwide totalitarianism.

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    Arman The Parman

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  • Crypto lender BlockFi pauses withdrawals in wake of FTX’s collapse

    Crypto lender BlockFi pauses withdrawals in wake of FTX’s collapse

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    Crypto lending platform BlockFi announced it was halting withdrawals Thursday night in the wake of the collapse of crypto exchange FTX.

    “We are shocked and dismayed by the news regarding FTX and Alameda,” BlockFi said in a tweet. “We, like the rest of the world, found out about this situation through Twitter.”

    BlockFi said that due to the “lack of clarity” regarding FTX and Alameda, “we are not able to operate business as usual,” and that until there is “further clarity, we are limiting platform activity, including pausing client withdrawals.”

    The company asked clients not to deposit into BlockFi Wallet or Interest Accounts at this time, and said it will share more specifics “as soon as possible,” though it warned it likely would communicate “less frequently” than what its clients and stakeholders are used to.

    In June, BlockFi received a $250 million bailout from FTX to help keep it afloat.

    FTX, once valued at $32 billion, collapsed this week under a liquidity crisis, and faces a shortfall of up to $8 billion, according to several media reports. Without a cash injection, the company might plunge into bankruptcy, according to a Bloomberg report.

    Also see: ‘Bedazzled by money’: Democratic ties to Sam Bankman-Fried under scrutiny after FTX collapse

    FTX founder and CEO Sam Bankman-Fried reportedly extended about $10 billion in loans to its affiliated trading firm Alameda Research — amounting to about half of FTX’s customer assets of $16 billion, according to the Wall Street Journal.

    “I fucked up, and should have done better,” Bankman-Fried said in a tweet Thursday, saying he had, among other things, misread the use of margin on the platform.

    More: The $26 billion rise and fall of FTX crypto king Sam Bankman-Fried

    Late Thursday, it was revealed that Alameda appeared to have shorted the stablecoin Tether, according to blockchain data.

    The FTX fiasco has spread fear of a “contagion” across the broader crypto industry, and sent the price of bitcoin
    BTCUSD,
    -3.87%

    at one point to its lowest level since November 2020.

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  • The $26 billion rise and fall of FTX crypto king Sam Bankman-Fried

    The $26 billion rise and fall of FTX crypto king Sam Bankman-Fried

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    Just six months ago, CEOs, celebs and world leaders like Bill Clinton and Tony Blair flocked to him, gathering at a Davos-like conference he hosted in the Bahamas where he lives as one of the most outspoken evangelists for the power of the blockchain.  

    Fast forward to Sunday and Bankman-Fried’s crypto empire came crashing down, the victim of an old-fashioned bank run that quickly exposed the weaknesses of the new finance system he had championed. 

    Almost overnight, Bankman-Fried’s cryptocurrency exchange, FTX, had gone from being valued at $32 billion to worthless, leaving scores of investors scrambling to get their deposits back and triggering probes in the U.S. by the Securities and Exchange Commission, the Commodities Futures Trading Commission and the Department of Justice, according to reports.

    On Thursday, the 30-year-old Bankman-Fried took to Twitter to level with his clients.

    “I fucked up, and should have done better,” he wrote.

    A very rapid rise

    It took less than five years for Bankman-Fried to build a personal fortune that was estimated at its highest point to be more than $26 billion, making him among the richest people in the world.

    His schlubby, boyish appearance — ill-fitting t-shirts, gym shorts and a mop of curly hair — made him look more like a college student ripping bong hits in the basement of a frat house than a finance guru, but fit nicely with the anti-establishment ethos that appealed to crypto enthusiasts.

    The son of law professors at Stanford University, Bankman-Fried was a wunderkind from an early age. He studied physics and mathematics at the Massachusetts Institute of Technology.

    After a stint as an ETF trader for Jane Street Capital, a highly respected Wall Street firm that is known for attracting genius quantitative traders, Bankman-Fried became interested in the concept of effective altruism, a philosophy that focuses on using reason and evidence to find solutions that benefit the most people possible. In 2017, he launched Alameda Research, a quantitative trading firm focused on digital currencies.

    Over the next year, he began building his fortune through arbitrage trading of Bitcoin
    BTCUSD,
    +11.10%

    between exchanges in the U.S. and Japan, where prices were often slightly higher. In 2019, Bankman-Fried launched the crypto exchange FTX.

    The timing was fortuitous: as the COVID-19 pandemic spread across the globe the following year, interest in cryptocurrencies among people exploded. FTX took off and brought in the big-name celebrity endorsers and partners, like professional athletes Tom Brady and Steph Curry. 

    Bankman-Fried soon found himself feted by some of the biggest institutions in finance, attracting investment from the biggest names on Wall Street and beyond like Softbank
    9984,
    -2.65%

    Group, Sequoia Capital, Blackrock
    BLK,
    +13.26%
    .
    Tiger Global Management and Thoma Bravo. He even raised money from billionaire hedge fund legends Paul Tudor Jones and Israel Englander.

    Soon, FTX was among the biggest players in the industry.

    The face of crypto

    Despite his ballooning wealth, Bankman-Fried maintained the appearance and lifestyle of a teenage gamer. He moved to the Bahamas, where he reportedly lived in a penthouse apartment with 10 roommates.

    On Zoom calls, he would often play video games while talking — his favorite game being League of Legends. Profiles of him often noted that he kept a bean bag just feet from his desk to sleep on.

    What set Bankman-Fried apart from other crypto tycoons, was his professed interest in working with regulators to create a more robust framework around the nascent industry and treat it more like a traditional finance network. 

    To that end, Bankman-Fried appeared before Congress to try to explain to skeptical U.S. lawmakers how the crypto industry worked. He also said he welcomed regulation, not always a popular position in the crypto world.

    “FTX believes [government agencies] could play an even more prominent role in the digital-asset ecosystem and bring greater investor protections by closing some regulatory gaps,” he said before a senate panel in February. “FTX believes that such efforts would combine the best aspects of traditional finance and digital-asset innovations.”

    Bankman-Fried even put his great wealth to play in politics, becoming a major campaign donor for the Democratic party. In 2020, he was one of President Joe Biden’s largest single donors and spent nearly $40 million on political campaigns this year for the midterm elections, according to campaign filings.

    As cryptocurrencies have experienced significant declines in prices this year, triggering the collapse of several operations, Bankman-Fried arose as a savior, buying up several failing partners as positioning himself as a kind of Robin Hood for the industry.

    A swift collapse

    For as fast a rise to the top of the world that Bankman-Fried enjoyed, the fall was just as rapid.

    On Sunday, Changpeng Zhao, the CEO of FTX’s competitor, Binance, and an archrival of Bankman-Fried’s, announced on Twitter that his firm, the world’s biggest cryptocurrency exchange, was liquidating its sizable holdings of FTT, the coin issued by FTX, “due to recent revelations that have come to light.”

    Bankman-Fried accused Zhao of spreading false rumors. But the damage was done.

    Binance’s move triggered a massive selloff with customers seeking to redeem some $5 billion in deposits. FTX didn’t have it and redemptions froze up.  

    On Tuesday, Bankman-Fried announced that FTX had reached a tentative agreement to be acquired by Binance, due to a “significant liquidity crunch.” The turmoil set off broad declines among several of the most popular cryptocurrencies and even spilled into the world of traditional finance, sending markets tumbling.

    The next day, the chaos increased, with reports that FTX and Bankman-Fried were under investigation by several U.S. agencies. By the end of the day, Binance said it was walking away from the deal because due diligence had revealed that “the issues are beyond our control or ability to help.” 

    Binance’s deal seemed like the only thing preventing FTX from potentially collapsing. “At some point I might have more to say about a particular sparring partner,” Bankman-Fried tweeted on Thursday. “For now, all I’ll say is: well played; you won.”

    Also on Thursday, the Wall Street Journal reported that Bankman-Fried had been using some customer deposits to fund risky bets by his Alameda Research firm, setting FTX up for collapse.

    With the Binance lifeline gone and with few options available, Bankman-Fried told investors he needed $8 billion or more to plug the hole in FTX’s books, according to reports. 

    On Twitter, Bankman-Fried said he would focus all his efforts on making sure depositors got their money back. He also tried to explain FTX’s collapse, saying “a poor internal labeling of bank-related accounts meant that I was substantially off on my sense of users’ margin. I thought it was way lower.”

    Said Bankman-Fried: “My #1 priority–by far–is doing right by users,” he wrote. “Right now, we’re spending the week doing everything we can to raise liquidity. I can’t make any promises about that.”

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  • The sudden decline of one of the largest crypto exchanges could rattle the sports industry | CNN Business

    The sudden decline of one of the largest crypto exchanges could rattle the sports industry | CNN Business

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    CNN Business
     — 

    The near collapse this week of FTX, one of the largest cryptocurrency exchanges, has sent shockwaves throughout the crypto startup and investment community. But the fallout could also spread to the sports industry.

    Like other crypto companies, FTX has invested heavily in sports sponsorships, including partnerships and naming rights in professional basketball, baseball and Formula One racing. Now, the company is in turmoil. On Tuesday, it said it would be acquired by rival Binance after experiencing a sudden liquidity crisis, but the deal was called off Wednesday by Binance after the firm conducted a financial review of FTX.

    The uncertainty around the future of FTX raises new questions over what happens to its many sports deals.

    In 2021, FTX inked a reported $135 million, 19-year deal with the NBA’s Miami Heat to rename the American Airlines Arena as FTX Arena. Major League Baseball struck a five-year deal in 2021 to name FTX as its official cryptocurrency exchange, a partnership that includes putting FTX patches on umpires’ uniforms. FTX is also the official cryptocurrency exchange partner of the Mercedes-AMG Petronas Formula One Team.

    “It is far too premature for us to comment,” the FTX Arena and Miami Heat said in a joint statement provided to CNN Business when asked how the acquisition could impact their deal.

    Even college sports has ties to FTX, with the University of California, Berkeley, signing a $17.5 million, 10-year naming rights partnership in 2021 for the school’s football stadium. “We believe we have found a great partner in FTX,” Cal Director of Athletics Jim Knowlton said at the time. “We are looking forward to building our relationship now and in the years ahead.” Cal Athletics did not immediately respond to CNN’s request for comment.

    FTX also works directly with some of the biggest athletes across sports. Los Angeles Angels superstar Shohei Ohtani became the exchange’s global ambassador in return for a stake in the company; NBA star Steph Curry and his foundation, Eat.Learn.Play., signed a partnership with FTX in 2021; and football legend Tom Brady has an equity stake and has served as an ambassador for FTX.

    Sports partnership experts say the stadium naming rights are the biggest headache. “There’s not a huge level of permanence to a lot of the things that have been done, except for the two buildings,” Peter Laatz, global managing director at sports partnerships consultancy IEG, told CNN Business.

    “It happened during the dot-com era where a bunch of buildings, baseball stadiums mostly, were getting named after all these wonky dot-com companies, and they all went completely belly up,” said Laatz. “Naming rights deals are just so hard to get up and running, to get in the minds of consumers that Staples and American Airlines Arenas are now called something different and to pull the roots up on something like that is just more difficult. It makes the property’s job harder. It’s more expensive.”

    FTX and Binance did not respond to CNN’s request for comment.

    FTX is not the only crypto company involved in the sports world. Cryptocurrency brands spent more than $130 million on NBA sponsorships alone last season, up from less than $2 million the season before. Just five crypto companies, including Crypto.com, Coinbase and FTX, were responsible for 92% of the sector spending, according to IEG.

    In 2021, trading platform Coinbase inked a multiyear agreement with the NBA to serve as the league’s exclusive cryptocurrency partner, reportedly worth $192 million over four years. Crypto.com, another cryptocurrency exchange, purchased the naming rights for the Los Angeles Lakers’ stadium in November 2021, a deal reportedly worth $700 million. It also entered a multiyear deal to become the Philadelphia 76ers’ official jersey patch partner.

    Then the market shifted. Coinbase, Crypto.com and other services announced layoffs as rising inflation, fears of a looming recession and broader market turbulence led to a sharp decline in the value of cryptocurrencies.

    “We’ve always said that this was an arms race for brand awareness and users, and there were 40 crypto exchanges spending money in sponsorship a year ago — and now there’s like none. There’s maybe three or four,” said Laatz.

    Binance, notably, sat out the sports sponsorship frenzy. In a hiring announcement earlier this year, Binance CEO Zhao “CZ” Changpeng said: “It was not easy saying no to Super Bowl ads, stadium naming rights, large sponsor deals a few months ago, but we did.”

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  • Crypto investors rattled as Binance abandons its proposed acquisition of rival FTX

    Crypto investors rattled as Binance abandons its proposed acquisition of rival FTX

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    Binance, the world’s largest crypto exchange, is abandoning its proposed acquisition of the non-U.S. assets of rival FTX, amid the latter’s liquidity crunch.

    “As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US agency investigations, we have decided that we will not pursue the potential acquisition of FTX.com,” according to a tweet by Binance’s official account Wednesday.

    “Our hope was to be able to support FTX’s customers to provide liquidity, but the issues are beyond our control or ability to help,” Binance wrote.

    Executives at Binance have found a gap, likely in billions and possibly more than $6 billion, between the liabilities and assets of FTX, Bloomberg reported Wednesday, citing an anonymous source familiar with the matter. 

    Representatives at Binance and FTX didn’t immediately respond to a request seeking comments.

    On Tuesday, Changpeng Zhao, Binance’s chief executive, said the exchange had signed a letter of intent to acquire FTX.com, a separate entity from FTX.US, after FTX “asked for help.”

    Read: Bitcoin falls to two-year low after crypto exchange Binance proposed to buy rival FTX

    Investors are worried about any contagion, as concerns over FTX’s solvency spilled over to the already battered crypto market. BitcoinBTCUSD plunged Wednesday to as low as $16,863, the lowest level since November 2020.

    FTX is the third largest crypto exchange by trading volume, according to CoinMarketCap. 

    Also read: Crypto billionaire Sam Bankman-Fried’s net worth could shrink by over $13 billion

    See also: FTX problems mean big headaches for its private equity investors

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  • Easy Home DIY Tasks to do Before Winter Sets In

    Easy Home DIY Tasks to do Before Winter Sets In

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    Photo by Polina Tankilevitch from Pexels

    Winter is on the way, with its stereotypically unsettled weather, lower temperatures, and short, dull days. Just as we brace ourselves against the wind, rain, and cold, so we should prepare our property to withstand the weather as well. With many of us concerned about the price of gas and electricity amidst the current global energy crisis, there has never been a better time to safeguard our homes against the elements to make our fuel (and therefore our finances) go further.

    As a season where we spend much of our time indoors, winter is also a great time to devote our attention to laborious household projects that we may have been putting off during the summer. These range from practical, such as resealing our bath to prevent leaks, to fun, like redecorating our walls so we can wake up in our dream home by new year. Discover the easy home DIY tasks that everyone should do before winter really sets in.

    Revamp your walls

    While late summer and late autumn are the best times to paint your home, this is just because they are the periods of time mostly likely to have stable weather. As long as it is dry outside and not too hot (this can crack the paint), you’re good to go! Before painting or laying wallpaper, strip away any existing wallpaper and sand down your skirting boards and doorframes. When you are stripping wallpaper, be sure to wear the correct PPE kit including safety glasses and gloves to protect yourself.

    Protect against damp

    The most unwelcome house visitor during winter is damp and mould, predominantly found in the bathroom due to the volume and temperature of water that is used. The best way to combat damp is to ensure that the bathroom has good ventilation. When bathing, make sure to open a window to allow fresh air in. You should also install an extractor fan if you do not already have one. Heating the room regularly is also beneficial to dry any remnants of water more quickly. Reseal your bath to protect against leaks and consider using damp-proof paint to discourage old damp from returning.

    Draught-proof rooms

    As gas prices continue to rise exponentially, it is a good idea to improve the efficiency of your home heating system. This means that you require less gas to achieve the desired temperature. One of the easiest ways to do this is to draught-proof your rooms to prevent heat from escaping through small gaps. Check your windows and doorways and fit draught excluders to the bottom of the frames. You should also bleed your radiators to release any trapped air that will slow hot water circulation, and get your boiler serviced to ensure that it is working as efficiently as possible.

    Check roof condition

    Last but not least, look to the outside of your home. Issues here naturally start to affect the interiors in time. Check your roof for loose or broken tiles which could be swept off during high winds and cause damage to the area below or allow water to enter your home. It is also a good idea to check your roof insulation before winter and add more insulative materials if necessary. While you are outside, take time to clean your gutters to prevent stagnant water build up and potential leaks.

    SEE ALSO: 6 Improvements That Will Make Your Home Instantly More Luxurious

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    Robert

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  • 5 Motivational Techniques for Assertiveness in Your Social Work Career

    5 Motivational Techniques for Assertiveness in Your Social Work Career

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    If you’re in social work or thinking about it, assertiveness is a trait that will help you enormously. While there is some uncomfortableness with the word in society, confident assertiveness is a good thing for your career. Moreover, it will help you empower the people you serve.

    If you’re just starting out in your career, an online MSW program like the one offered by Spalding University can provide you the confidence to be assertive about your work. The more confident you feel about what you know, the better you can advocate for yourself and others.

    So, let’s explore the idea of assertiveness. For starters, what does it mean, really? Assertiveness is the ability to confidently and directly express your needs and ideas while being respectful of the rights and boundaries of others. Being assertive in a social work career is essential to your professional growth. It doesn’t mean being rude or aggressive. It simply means expressing your needs and feelings directly instead of passively backing away from conflict or hiding behind passivity.

    Why being assertive is essential for your social work career

    Assertiveness shows that you’re open, direct and confident, which is essential for your clients and coworkers to trust you as a professional. It demonstrates that you can stand up for yourself (and them) without being aggressive or passive-aggressive. It also demonstrates your ability to listen to others while maintaining boundaries. Not being assertive can indicate a lack of confidence and openness, which can negatively affect your job performance and client relationships.

    Why assertiveness is vital for the people you serve

    Being assertive is essential if you want to help your clients. For one, it enables you to model behavior for your clients. In turn, it motivates them to feel more confident in themselves and their choices. Most importantly, it can help them find their voices to make the changes they need in their lives. If you can’t be decisive in your social work career, you may unintentionally take away your client’s autonomy and choice. Your passivity may prevent your clients from growing and feeling confident in their abilities. Therefore, assertiveness is vital to a career in social work.

    Here are five motivational techniques to help you be more assertive in your line of work.

    1. Ensure you have the right attitude

    Perspective and the right attitude are the first step to assertiveness in a social work career. Many people think of assertiveness as aggressive or rude. It’s not. Instead, it’s vital to remember that it’s about openness, confidence and clarity about what you want. For example, if you feel timid, anxious or hesitant to speak up, you should work to overcome it. Anxiety is like a shield that keeps you from being open and confident. Accepting that you have the right to speak and have your needs met is essential. It’s not being “too pushy.” It’s just being assertive.

    2. Know your boundaries

    One of the most common reasons people aren’t assertive is they don’t know their boundaries. What are your limits, and what are your non-negotiable needs? Circumstances will constantly push you past your limits if you don’t know your boundaries. An example might be, “I can’t work past 3 pm on Wednesdays because that’s my class time.” It’s crucial to speak-up in such a situation. Be sure to let your supervisors know what you need to be effective at work. You have the right to do this, and by being assertive, you’re demonstrating you can advocate for yourself and others.

    3. Communicate directly to ensure clarity for everyone

    Many people sweep their frustrations under the rug, but this only causes resentment and poor communication. For example, a social worker afraid of being assertive will likely make mistakes or burn out too quickly. You have the right to speak up if something makes you uncomfortable. You can say, “I feel uncomfortable with the direction of this case.” Speaking up and developing good communication skills are vital for any job. And that’s especially true in the case of a thriving career in social work.

    4. Empower others to also be assertive

    You’ll be more effective and happier in your job if you empower others to be more assertive. Moreover, this is especially true for your client work. Let’s say you have a client who’s frustrated at constantly getting interrupted. Of course, you don’t want to make them feel bad, but you want to empower them. Perhaps you can suggest that they communicate with the person who interrupts them to allow them to speak fully. In reality, people who use social work services often need skills to empower themselves, and confidently advocating and speaking for themselves is vital.

    5. Network and build relationships for mutual benefit

    Another way to be more assertive in your social work career is to build relationships with others in your field. Doing so helps you grow your network of contacts and allows you to become more assertive in your career. When you meet new people, don’t focus on what you want from them. Instead, focus on what you want to give them. Your focus should be, “How can I help this person?” rather than “How can this person help me?” When you approach your relationships this way, you’ll empower yourself. By helping others, you increase your confidence.

    Assertiveness is a positive trait

    In conclusion, assertiveness isn’t aggressive or rude. Moreover, it’s essential for your social work career. Remember, assertiveness simply means expressing your needs and feelings directly and proactively. Following the above techniques will make you feel more confident when dealing with coworkers and clients and embolden your social work career.

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    Mark John

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  • Why Do You Need To Comply With Cybersecurity Regulations?

    Why Do You Need To Comply With Cybersecurity Regulations?

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    Image by Pete Linforth from Pixabay

    Cyber security is critical because it protects various aspects of data from theft and damage, like sensitive data, personal information, and health information. And also protecting private intellectual property, Industrial information systems and technology, and government information systems. With a massive increase in cyberattacks and data breach risk, businesses are highly demanding solutions. A practical cybersecurity approach should combine measures against external attacks and threats within the organization. ISO27001 provides certificates that validate that your organization’s internal ISMS aligns with the most proficient IT security practices. However, achieving it is no child’s play. It takes a long period of work to be accredited.

    What Is Cyber Security?

    Ways of protecting various computers, networks, servers, electronic systems, mobile devices, and data from hostile invasion are known as cyber security. The phrase can be broken down into a few standard categories, including network security, application security, disaster recovery, and business continuity, and is used in a range of contexts, from business to mobile computing.

    Data breaches compromised 7.9 billion records in just the first nine months of 2019. Compared to the same period in 2018, this amount is more than double (112%) the number of records disclosed. By the year 2022, up to $133.7 billion will be spent globally on cyber-security solutions, according to the International Data Corporation. In response to the growing cyber threat, governments worldwide have provided recommendations to aid businesses in implementing.

    Why Is Cybersecurity Becoming More Vital?

    A hacker attack poses a hazard to more than simply the sensitive information that businesses depend on. Additionally, it may damage their interactions with clients and potentially put them in severe legal danger. The risks of cybercrime increase with new technologies, like self-driving cars and internet-connected home security systems.

    Therefore, it should be no surprise that global research and advisory company Gartner Inc. forecasts global security spending will reach $170 billion in 2022, an increase of 8% in only one year.

    Cyber attacks can be carried out for various causes, including cyberterrorism, hacktivism, and cyberwarfare, but they often fall into one of three categories: political, criminal, or personal.

    Criminally motivated Attackers often want to make money by stealing money and data or disrupting businesses. Similarly, personal attackers can displease current or former employees who seek to hack a company’s systems by stealing money or data. Socio-politically motivated attackers engage in hacktivism when they make their attacks public to draw attention to their cause and more cyberattacks.

    What Kinds Of Cyber Threats And Attacks Exist?

    The following are a few of the most frequent threats from cyberattacks:

    • Malware: Malware is intrusive software created by cybercriminals to steal data or to harm and destroy computers and computer systems, according to CISCO. Malware is also called malicious software. Malware is capable of leaking enormous amounts of data. Viruses, worms, trojan viruses, spyware, adware, and ransomware are a few examples of prevalent malware.
    • Phishing: According to Cisco, phishing attacks involve sending false messages while posing as a trusted source. Usually, this is accomplished over the phone or by email. The intention is to steal sensitive data, such as login credentials or financial information, or to infect a target computer with malware.
    • Ransomware: According to the CISA, ransomware is malware made to encrypt files on a target computer, leaving those files and the systems they depend on useless. Actors demand a payment to unlock the system after it has been locked.
    • Viruses: According to the SBA, a virus is a destructive program designed to propagate from computer to computer and other linked devices. Giving the attacker access to the infected systems is the goal of a virus. According to Proofpoint, many infections pose as legal programs before harming the systems, stealing data, interrupting services, or downloading more malware.
    • The Losses. The good news is that there are various cyber insurance options available to be proactive and protect your business before it’s too late.

    Who Is Responsible for Cyberattacks?

    Attacks on businesses can originate from various places, including criminal organizations.

    Organized crime and expert and amateur hackers are examples of external or outside threats (like hacktivists).

    Most of the time, insider threats are those who are given access to a company’s resources and intentionally or unintentionally misuse them. These dangers include angry current or former employees, reckless staff disregarding security protocols, and business partners or clients with system access.

    How To Protect Your Business From Cyber Attacks

    A cyberattack or crime is fundamentally a breach of online safety and security. Customers’ names, addresses, social security numbers, dates of birth, and credit card information will be accessible to hackers. However, you may take a few easy, affordable steps to safeguard your company against online threats. According to the Ponemon Report, 41% of IT professionals and 51% of employees share passwords with coworkers.

    ISO 27001 implementation provides a framework for ISMS building, so it’s an entirely different approach than HIPAA or GDPR. Instead, an organization becomes compliant if its ISMS follows the criteria established by ISO 27001. Whose requirement would enforce not be enforced by any law.

    Organizations naturally demand ISO 27001 compliance as well renowned, as your Clients and other businesses regard organizations with ISO 27001 certification as more secure. This can also easily convince other companies to enter partnerships or sell your product and services.

    1. Ensure all of your necessary data is secured, and update your systems and software with automatic updates. These are typical strategies hackers employ to infect devices and steal sensitive data from businesses.

    2. Most social media sites, email services, banks, and other businesses have already embraced this technology. More than 80% of organizational data breaches and weak passwords are to blame for cybercrime, say experts. The “Man in the Middle” attack has grown in popularity in cybercrime.

    3. Businesses should also have detailed cybersecurity policies that inform staff members of appropriate behavior when using computers and other devices, sharing data, and otherwise. About 196 million emails are sent worldwide every 60 seconds. More than ninety percent of cyberattacks result from human error. Your company’s first and last line of defense against online attacks may be its employees. The best way to secure your business is to train personnel on what to watch out for and what to do in response to any development requiring professional handling.

    Conclusion

    Organizations should best consider adhering to the Iso 27001 compliance requirements to safeguard their company and customer data against online threats, hackers, viruses, and corruption, which also prevents you from suffering huge repercussions from threats and attacks on cyberspace – and even having to pay enormous fines for violations.

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    Robert

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  • What is Google Shopping & How does it Work?

    What is Google Shopping & How does it Work?

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    Image by jcomp on Freepik

    Online shopping is increasing rapidly. People have moved towards online shopping from traditional one. The internet has completely changed the way we shop. It eliminates the need to visit the nearest mall or any retailer. Shopping can be made more accessible by simply picking up smartphones and looking for the products you want to purchase online.

    Google shopping is a great platform for retailers to showcase the product in front of the customers searching for the products online. There are likely more chances of losing a good deal of customers if you are not listing your products on Google shopping.

    Let’s have a better understanding of Google shopping, its working, and reasons to use it!

    What is Google Shopping?

    Google Shopping can be defined as a Google service that facilitates shoppers to quickly search, find, and compare products from different sellers on the Google search engine.

    It is also referred to as Comparison Shopping Engine (CSE). The results are showcased as thumbnail images along with the prices. At the time of its release in 2002, it was known as Froogle. With increased number of online businesses, it has been quite challenging for store owners to get their products discovered. Online sellers can list their products on the Google shopping to make them easily discoverable for Googlers.

    If you are a Magento store owner, Magento 2 Google Shopping Feed extension makes the process flawless, reducing the manual efforts required for setup and configuration.

    Listed below are the interesting statistics that you need to know about Google Shopping:

    • According to Google, 98% of global consumers surveyed perform product searching, browsing, and purchasing online.
    • A report by Marketing Charts showed that 30% higher conversion rates are observed for Google Shopping as compared to text ads.
    • 59% of the price comparison portal users in the United States revealed that they like Google Shopping.
    • Shopping Ads generate nearly 85.3% clicks on Adwords and Google Shopping campaigns.
    • Google Shopping Ads have an average conversion rate of 1.91% and an average cost per click of $0.66, which yields huge profits for many brands.

    How Does Google Shopping Work?

    The most obvious question that comes to your mind is, “How does Google Shopping Work?

    Setting up Google Shopping for your online business can be a clumsy process. It is processed by two platforms: Google Ads and Google Merchant Center. Google Merchant Center can be defined as an online tool used to upload and update product feed that contains basic product information.

    In order to get the products listed on the Google Shopping Feed, the businesses need to create a merchant center account, where they can add the product feed, which will be used to get product information by Google.

    The businesses need to run paid campaigns through Google Ads to promote these uploaded products on Google Shopping.

    The working of Google Shopping varies completely from other platforms as it doesn’t allow choosing the keywords to focus on. The products get listed on top based on Google’s product listings. Generally, the organic search results appear in the middle, whereas paid ads appear at the top and bottom of the page.

    Based on the purchase behaviour, Google Shopping is now updated to offer personalised recommendations.

    Once you are a member of Google Merchant Account and Shopping Ads, you will be a member of “Surfaces across Google Program” and easily showcase your items on Google. Listed below is a method to set up Surface across Google Programs.

    • Navigate to the “Growth tab” on the Merchant Center dashboard.
    • Choose “Manage Programs” from the navigation menu.
    • Select “Surfaces across Google Program”, and you’re done.

    Make sure that you complete the sign-up and get your product feed ready to sell products.

    Why Use Google Shopping?

    Google Shopping is one of the robust platforms that provides countless benefits for your business. Let’s have a glimpse at some of those benefits!

    • Google itself is one of the largest search engines on the internet. Promoting products on Google Shopping Ads, helps attract a huge heap of people and lure more customers.
    • Offer detailed and relevant information to the potential customers that help increase the number of leads.
    • Improve brand recognition by getting noticed on Google lens, making it easier for customers to identify the products and purchase.
    • Using Google Shopping ads, easily manage ads without adding any relevant keywords.
    • Facilitates businesses to generate product performance reports to get understand and identify the areas of improvement.

    Ways to Optimize Google Shopping for Business

    It is essential for you to optimize your Google Shopping account regularly for better results. This will establish online visibility and can win customers’ trust. Listed below are the top ways to optimize Google Shopping for business:

    • Set up a clear goal for running your shopping campaigns.
    • Make sure that you optimize your bid to get maximum clicks.
    • Choose the most appropriate bidding strategy to display your products for the right search terms.
    • Ensure creating an effective Google Shopping campaign structure.

    Escalate Your Revenue With Google Shopping

    There’s no surprise that Google Shopping is a fantastic way to get your products appear infront of right target audience. People can get the detailed product description, image and then finally checkout on Google or land on your product page to complete the process. Google Shopping helps improve website traffic, enhance conversion rates and grow your revenue.

    Frequently Asked Questions on Google Shopping

    1. What is Google Shopping?

    Google Shopping can be defined as a platform offered by Google that facilitates users to search, compare and purchase products from its database easily.

    2. Is it possible to find products within a particular category?

    Yes, you can narrow down the results by category. Click on the selected category will help display the desired category.

    3. How is Google Shopping different compared to other sites?

    Google Shopping is not an online shop. It does not sell the products directly to the shoppers, but instead, offer detailed product information and make the product readily available for shoppers.

    4. Can I receive product inquiries or questions from the customers?

    Google allows the businesses to accept custom questions and queries for the products that are listed on the Google shopping.

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    Shivbhadrasinh Gohil

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  • Best Web Development Tips Every Developer Must Need to Remember

    Best Web Development Tips Every Developer Must Need to Remember

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    Web development has come out as a clear winner in the field of development during the last few years. It has many reasons to be on top of that rank, in which the primary one is the availability of job opportunities. This is one of the major factors that has made web development hugely popular among youngsters. They can see the rising potential in this field which is simply unmatchable to anyone. Not just locally, but web development offers opportunities in different parts of the world. That is what makes it a real lucrative job that attracts all types of people who are keen to build a successful career in the professional world.

    Unfortunately, learning web development is also not easy as everybody thinks. It requires a good understanding of the fundamentals as well as technicalities of the programming. No one can prosper in web development without having command on both of these skills. They are also further divided into sub-branches in which different methods and components come into play according to the requirements of the job. This makes many beginners confused at the start, forcing them to even quit the field sometimes.

    It is therefore necessary to learn some major tips about web development to get successful in the field. No doubt it looks hard, but could be eased up efficiently by remembering some proper development principles. If you do not know much about those rules, read this article in detail. It will let you know some great tips to get started in web development, provided you are keen to learn the concepts smartly.

    Let’s first start from the basics understanding the rise of the development field in the world.

    The Rise of Development Industry

    Considering the stats, the rise of web development in the professional world is nothing short of exemplary stuff. It got a huge boost with the emergence of digital marketing, as more and more brands started to shift their businesses online. It opened a new door for web developers to find tons of opportunities in the market. From ecommerce to fashion, every business these days wants to build a website to grab hundreds of sales. The websites offer them a perfect platform to stage themselves in the online world and get traffic regularly.

    Following this trend, mobile apps also found a solid footing in the market. This paved a new way for mobile application development that also provided huge working opportunities to the people. Today, websites and mobile apps are considered essential for an online business. It helps them to get thousands of customers, and further enhance the footprint of their business in the world. In short, the rise of development resulted into a ripple effect creating a variety of prospects in multiple domains.

    Tips for Web Development

    Web development requires a good understanding about the technicalities of a project. Here are some golden tips that will help you to learn them perfectly.

    Analyze the Project Goals

    The first thing that is necessary for web development is the analysis of the project goals. It will let you know what type of application you will need to create to fulfill the requirements. We know very well that every business has unique needs due to the variance found in different categories. It is the job of a developer to understand all of them and produce web projects according to them. This should be ideally done at the start of the project, so that every process, function, and method required could be understood before the actual project development.

    Pick the Right Tools and Technologies

    It is also pretty important to select the right tools and technologies for any development project. Today, we have got tons of languages and CMS platforms available in the market. All of these offer different types of functionalities, allowing developers to use them as per the given requirements.

    Generally, for backend development, PHP and Python are termed as the best web programming languages. Similarly for frontend, web designers have got multiple options ranging from React to Angular JS and more others. It is the responsibility of developers to know what type of technology will be used in the project, as any inefficient selection can lead to a project disaster.

    Understand the Relation of Database

    Database holds a very important value in the development of any website. It is primarily responsible to store all the information inside the tables. This information is very crucial as it holds the data of customers or users visiting the website. It is therefore advised to the developers to build project databases with correct functions and security methods. Any broken connection can interrupt the access and display of information, or could also take the website loading time very higher. These things do not offer a good picture of a website, forcing users to quickly leave them within just a few minutes.

    Test and Debug the Websites Properly

    The job of a web developer doesn’t end with the development of a website. He/she must also need to evaluate the performance before making them live on the internet. This could be done by applying the right testing and debugging procedures. It helps to find and rectify various bugs present in an application. This helps to reduce any chances of website disruption or breakdown during the live execution. If you do not have much knowledge about testing procedures, take a look at the tutorials and examples given on the internet. It will help you to learn the right website testing techniques that can find and resolve underlying errors quickly.

    Final Words

    That brings us to the end of this article in which we have discussed different tips to solidify web development. These rules will help you to develop any kind of website, ranging from simple static sites to online ecommerce stores. Not just web projects, but they are also very helpful in understanding the cores of mobile application development. It is therefore advised to learn these tips correctly, as they will enable you to handle any type of development project efficiently.

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    Hailey Savona

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  • Airbnb Hosts Tips And Tricks For Improving Guests’ Experience

    Airbnb Hosts Tips And Tricks For Improving Guests’ Experience

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    As an Airbnb host, you have the opportunity to provide your guests with a unique and memorable experience. By taking a few extra steps to ensure their comfort and satisfaction, you can go above and beyond their expectations and create a truly exceptional experience.

    1. Provide a Clean and Comfortable Space

    The first step to providing an amazing experience for your guests is to ensure that you have a clean and comfortable space for them to stay in. Remember that first impressions are everything, so be sure to clean your space thoroughly before each guest arrives.

    This means taking care of any necessary cleaning and repairs, as well as providing all the amenities and comforts that your guests might need. If you are just starting on Airbnb, it will help if you can sign up for a course like 10xBNB (check out their website for more details).

    2. Communicate Effectively

    Another important aspect of providing a great experience for your guests is effective communication. This means being available to answer any questions they might have and providing clear instructions on how to use any amenities in your home, as well as being available for any help during their stay, anytime.

    3. Be Accommodating and Flexible

    Another way to ensure a great experience for your guests is to be accommodating. This means being flexible with your check-in and check-out times, as well as providing any special requests that they might have.

    Even if you plan everything out to the T, some things are always going to be out of your hands. That’s why it’s crucial to remain flexible and prepared for anything. If something pops up that wasn’t in the original plan, such as a guest wanting to change their itinerary last minute, do what you can to accommodate them. Showing your guests that you’re willing to bend over backwards for them will guarantee they have a good time.

    4. Offer Local Tips and Advices

    If you want to really go above and beyond for your guests, offer them some local tips and advice. This could include recommendations for restaurants, attractions, and activities in the area.

    Local area is a great way to be a good host. You’ll be able to astound your guests with the best places to go and, if they need any help or have questions later on, you’re already familiar with the area and can assist them easily.

    5. Make Proper Arrangements in Rental and Organise Everything

    By the time your guests arrive, double-check that the rental is ready for them. This means making sure the bed sheets are clean and put away neatly, there are no visible stains on any towels or other furniture items, the fridge is fully stocked with whatever you promised in your listing, and so on. If you have to leave before they come, then make it a point to explicitly state where they can find a key and how to get into doors/gates if necessary.

    6. Greet your Guests and Create a Welcoming Environment

    Creating a welcoming and comfortable environment for your guests is essential to being a good host. When your guests arrive, take the time to greet them and show them around your home. This will help them feel more comfortable and at ease in their new surroundings.

    7. Be Available but Respect their Privacy

    One of the most important things you can do as a host is to be available to your guests but also respect their privacy. This means being available to answer any questions they might have or help with any problems, but also giving them the space and freedom to enjoy their stay in your home.

    8. Provide Basic Necessities and Toiletries

    Toiletries are a must for any Airbnb rental. Be sure to provide your guests with basic necessities such as soap, shampoo, and towels. You might also want to consider providing other items such as coffee, tea, or snacks.

    9. Check in with your Guests during their Stay

    One of the best ways to ensure a great experience for your guests is to check in with them during their stay. This shows that you care about their experience and gives you an opportunity to address any problems or concerns they might have.

    10. Leave a Positive Review for your Guests

    When your guests are leaving, be sure to say goodbye and thank them for choosing to stay in your home.

    After your guests have left, be sure to leave them a positive review on Airbnb. This is a great way to show your appreciation for their business and ensure that they have a positive experience with you as a host. This will help you improve your guests’ experience and turn them into repeat customers.

    Conclusion

    By following these tips, you can provide your guests with an unforgettable experience that will keep them coming back for more. So, what are you waiting for? Start planning your next Airbnb rental today and be a successful host in no time!

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    John Hewitt

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