Different Types Of Uses Of Marijuana

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We know marijuana as an intoxicated substance and also at the same point understand that these days we are getting a lot of marijuana based oil in the market which is good for joint pain relief and so on. But if marijuana is an intoxicated drug then how could it be beneficial to us? This question is always there in our mind and for this we need to understand that marijuana as a flower is something which is intoxicated, teh seeds are intoxicated but the marijuana which we receive after the extraction from the leaves could be useful for various medical treatments.

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Various Products and Uses of Marijuana:-

Flower: We have often heard about joint roll or a bud of marijuana which has been used for intoxication. When we talk about joints then we are talking about marijuana flowers which have severe negative side and should be avoided to use and therefore, the use of marijuana flower is banned as per NDPS act in india.

Marijuana Edibles: One has heard the name of hash brownies which are available for intoxication. Similar to hash brownies there are various other edibles available related to marijuana such as drinks, gummies, candies and so on. These are again harmful and the consumption of the same is for intoxication. Therefore, the availability of marijuana edibles made up with marijuana flowers is not available in the country and neither allowed to bring in the country from any other country.

Marijuana oil: We have often heard about CBD oil which helps for getting relief from various joint pains, bone inflammation, arthritis and so on. The use of marijuana oil is legal and it is further prescribed that the component of CBD available in it should not be more than 0.3% which is legal and permitted in our country.

Marijuana Vape Products: We have heard about hemp vapes and these are actually marijuana vape. The use of marijuana vape products is highly violated in the country and there is strict penalty and imprisonment for selling or consumption of the same in our country.

Sour Diesel: This is a hybrid strain of marijuana and it gives you a high energy and also mood lifting strain. The use of sour diesel is again intoxication and therefore, is banned.

Hoi An basket boat ride among the world’s most exciting boating experiences

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According to the Quang Nam Tourism Promotion Center, the experience of riding a bamboo basket boat in Hoi An has been listed among the 25 most beloved boat experiences in the world.

This result was announced by Tripadvisor, the world’s leading travel review organization, as part of its annual Travelers’ Choice Best of the Best Things to Do awards.

Accordingly, the bamboo basket boat experience in the Cam Thanh coconut forest, Hoi An city, ranks 19th in the Top 25 most attractive boat experiences for global tourists in 2024.

Participating in this experience, tourists will sit in a basket boat, enjoying the fresh air of a rural area, away from urban hustle. The boat rowers will take you drifting on the water, weaving through the lush green coconut groves, sharing stories about the history of the area. Along the way, tourists are also taught how to make lovely items from coconut leaves, watch basket boat dancing, participate in boat races, learn how to cast fishing nets, and listen to traditional Quang folk songs.

Tourists experience basket boat (Photo: Cam Thanh Coconut Forest)

“Ride a basket boat in Hoi An to enjoy the surroundings. Drift along the picturesque canals, say ‘hello’ to the locals, and hear about the history from your guide. Don’t miss the chance to immerse yourself in the local community, participate in basket boat shaking, and sing karaoke,” an enthusiastic tourist described.

Among the 25 most interesting boat experiences for tourists in 2024, Vietnam has another representative: kayaking in Lan Ha Bay (Hai Phong) and Ha Long Bay (Quang Ninh).

The list of the most interesting experiences is based on reviews and opinions collected from the user community over a 12-month period.

@vtv.vn

Independence Festival and Lai Chau Tourism – Culture Week 2024 coming soon

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The Independence Festival and Lai Chau Tourism – Culture Week 2024 will take place over 4 days (from August 31 to September 3, 2024) in Than Uyen district.

Sin Suoi Ho Village – Photo: Lekima Hung

The opening ceremony of the Independence Festival and Lai Chau Tourism – Culture Week 2024, themed “Return to the Majestic Peaks of Lai Chau,” will be held at 8:00 PM on August 31, 2024, at the Than Uyen District Stadium; The closing ceremony will take place at 4:00 PM on September 2, 2024, at the Than Uyen District Central Hall.

Additionally, the Independence Festival and Lai Chau Tourism – Culture Week 2024 will feature various exciting activities such as cultural and artistic exchanges and performances; the 2024 KOMOMO Than Uyen International Marathon; a traditional cuisine competition of the ethnic groups in Than Uyen district; street festival programs; off-road motorbike races; kayak races; traditional sports competitions; exhibitions and introductions of tea and ginseng products; the cultural space of Lai Chau ethnic groups; Lai Chau tourism photo exhibitions; exhibitions of books, newspapers, local historical documents, and calligraphy art; displays and introductions of OCOP products and some characteristic agricultural products of the province; and a paragliding performance program with engines…

The event aims to introduce, promote, stimulate, and attract tourists, contributing to the development of tourism in the province in 2024 and beyond. It seeks to enhance linkages and cooperation in tourism development among localities, creating opportunities for travel businesses to explore, expand markets, and build new tours, introducing Lai Chau’s images, nature, and people to domestic and international tourists. At the same time, it raises awareness and responsibility among all levels, sectors, and ethnic communities in preserving and promoting traditional cultural values for tourism development.

This is one of the major events of the province held in Than Uyen district, promising to bring many new and surprising experiences to both local people and international tourists.

@vtv.vn

Hue Festival Trade Fair 2024 expected to be held in 7 days

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The People’s Committee of Thua Thien Hue Province has just issued a plan to organize the Hue Festival Trade Fair 2024, which will take place over 7 days, from September 16 to September 22, 2024.

The Hue Festival Trade Fair 2024 will be held over 7 days, from September 16 to September 22, 2024, at the Thua Thien Hue Provincial Sports Center – No. 01 Ha Huy Tap, Hue City, Thua Thien Hue Province.

Approximately 300 booths are expected, divided into 3 areas. Area 1 will showcase and introduce the potential and strengths of provinces and cities nationwide, as well as international booths. Area 2 will display and introduce OCOP products, agricultural products, and local specialties from across the country. Area 3 will focus on commercial and service activities.

Products participating in the fair will include local specialties, OCOP products, handicrafts, souvenirs, and gifts; agricultural, forestry, aquatic products, and processed foods; textiles, footwear, and accessories; transportation and vehicle accessories; industrial products such as hardware, electronics, refrigeration, materials, and other production supplies, etc.

The Hue Festival Trade Fair 2024 (hereinafter referred to as the Fair) is one of the response activities to diversify the Hue Festival 2024 (Illustration)

The Hue Festival Trade Fair 2024 (abbreviated as the Fair) is part of the National Trade Promotion Program for 2024, aimed at promoting trade activities between regions, particularly the Central Highlands and Central regions, and nationwide. Through this event, it aims to attract tourists and promote the image of the scenic beauty, people of the ancient capital, and world cultural heritage through activities at the Fair. It also aims to boost trade promotion, tourism, and investment attraction both domestically and internationally, providing opportunities for businesses, cooperatives, and production facilities in the province to engage in cooperation, investment, business, brand promotion, and market expansion, meeting domestic market demands and targeting exports.

The Fair will also be a venue for displaying and introducing economic, cultural, and social achievements, commercial goods, traditional handicrafts, OCOP products, and local specialties from Thua Thien Hue Province and other Central Highlands and Central provinces, as well as nationwide. It will facilitate the sharing of experiences, expansion of investment cooperation, production linkages, and market expansion, contributing to the promotion of the “Vietnamese people prioritize Vietnamese goods” campaign.

@vtv.vn

Hoi An is the world’s best value destination 2024

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Vietnam has topped the list of the world’s best value destinations for the first time in 2024, with Hoi An Ancient Town being the representative destination, according to a holiday cost measure.

Hoi An is a favorite destination for domestic and foreign tourists. Photo: Chung Bao Ngan.

The Travel Price Index recently published by NerdWallet shows that travel costs have increased by 10% compared to 2019, the period before Covid-19. This may not seem particularly significant, but you will realize that the money spent will not take you as far as it did 4 or 5 years ago.

People are starting to look towards Asia for affordable vacations as the cost of living in most countries in this region remains much lower compared to the US or Europe.

Therefore, it is no surprise that the best value destination for 2024 is the peaceful Hoi An Ancient Town in Central Vietnam, where a meal costs only 1.48 USD and a local beer is priced at under 1 USD.

According to research by The Post Office UK, Hoi An is one of the eight destinations with local prices lower than in 2023 (a further decrease of 14.4%) and the value of money also tends to decline. The average total cost here is 51.15 euros.

This is the first time Vietnam has topped the ranking, moving up from 6th place last year. Cape Town (South Africa) – last year’s top spot, now ranks second with a cost of around 54.35 euros. Mombasa (Kenya) ranks third with 54.93 euros. Tokyo (Japan) and Algarve (Portugal) rank 4th and 5th, respectively.

Hoi An offers many low-cost travel experiences, attracting visitors to stay longer. Photo: @julieythe1st.

Hoi An is one of the most sought-after destinations for backpackers and digital nomads in Vietnam. However, unlike Bali and other popular resort destinations across Asia, Hoi An has not yet been affected by urbanization.

According to Budget Your Trip estimates, the average cost for a week-long trip to Hoi An is 318 USD. This cost depends on the traveler’s style and level of comfort. For budget-conscious travelers, they can spend at least 9.8 USD on meals per day, 19 USD on transportation, and 41 USD for a night at a hotel. Additionally, Hoi An still offers many upscale hotels and resorts for travelers to choose from.

In July, Hoi An was voted by Travel + Leisure readers as one of the top 5 cities in the world in 2024 (World’s Best Cities 2024). TripAdvisor users also voted Hoi An Ancient Town as one of three Vietnamese destinations in the list of “25 Most Loved Destinations in Asia,” alongside the War Remnants Museum in Ho Chi Minh City and the Cu Chi Tunnels.

@Znews

Hanoi cuisine ranks among the most attractive in the world

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Tripadvisor recommends travelers worldwide visit Hanoi to enjoy the iconic dishes of the capital city, from casual eateries to Michelin-awarded fine dining restaurants.

Bun cha, a specialty dish of Hanoi. Illustration photo.

The travel website Tripadvisor recently announced the top 15 cities with the most appealing cuisine in the world, including Hanoi, Vietnam.

Tripadvisor’s list includes cities from various continents. The Americas are represented by Hawaii and New Orleans (USA), Jamaica, and Mexico City; Europe includes Brussels (Belgium), Naples (Italy), Athens (Greece), Barcelona (Spain), and Paris (France); Asia features Bangkok (Thailand), Kyoto (Japan), Hanoi (Vietnam), and New Delhi (India); and also included are Istanbul (Turkey) and Marrakech (Morocco).

According to Tripadvisor, one of the best ways to explore a destination is through its cuisine. Travelers will have the chance to enjoy traditional recipes passed down through generations, taste innovative dishes from local communities, and experience modern culinary “concepts” created by young chefs.

Hanoi with a variety of vermicelli, rice noodles, pho gives diners many choices. Photo: Anh Nguyen.

Hanoi, with its rich culinary tradition, offers visitors unique dining experiences from casual eateries to Michelin-awarded fine dining restaurants.

Hanoi’s cuisine is renowned for its sophistication, lightness, and variety of natural flavors from local ingredients. Many of Hanoi’s delicious dishes, such as pho, bun cha, cha ca, and pho cuon, are famous worldwide.

To explore Hanoi’s cuisine, visitors can choose food tours around the Old Quarter, experience street food, or dine in high-end restaurants recognized for their quality.

@Znews

Hanoi and Da Nang among the best solo travel destinations in Southeast Asia

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The new Lonely Planet travel guide has recently announced a list of the 7 best places in Southeast Asia for solo travelers, including Hanoi and Da Nang in Vietnam.

Da Nang ranks third, considered the best choice for a tranquil beach vacation and a gateway to a variety of diverse experiences.

This central city features a stunning “breathtakingly beautiful” curved coastline, adorned with the statue of Guan Yin on the Son Tra Peninsula.

Da Nang ranked 3rd on the list. Photo: Lonely Planet

Hotels often offer panoramic sea views with large windows, along with balconies and infinity pools. Solo travelers on a budget need not worry, as the average room price starts at 1 million VND.

Meanwhile, Hanoi ranks sixth, being one of the few cities in Southeast Asia that retains its timeless charm.

Hanoi locals maintain a simple and sincere daily lifestyle, providing visitors with a refreshing and authentic experience. This charm has attracted many fans, including the late renowned chef Anthony Bourdain.

Hanoi ranked 6th on the list. Photo: Lonely Planet

The criteria for selecting destinations on Lonely Planet’s list include low crime rates, safety, affordability, diverse landscapes, a great culture, and delicious cuisine with appealing flavors.

Singapore tops the list. Other destinations include Penang in Malaysia, Siem Reap in Cambodia, Bangkok in Thailand, and Bali in Indonesia.

Since the first publication in 1973 titled “Across Asia on the Cheap,” Lonely Planet has always been considered an “empire” of the world’s most successful travel guides.

@Vietnamnet

Bitcoin Nears $70K on Back of Trump’s Speech, Bitcoin Cash and Base Memecoins Lead Crypto Market Gains

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Mt. Gox payouts seem to have not spooked BCH holders as the forked version of bitcoin outperformed the market in an otherwise slow trading day.

Bitcoin neared the $70,000 mark for the first time since early June in Asian afternoon hours, days after Republican candidate Donald Trump revealed plans to make the asset a national strategic asset if brought to power in November.

Bitcoin Cash (BCH), and BRETT, a relatively new memecoin on the Base blockchain led gains in the crypto market on Monday. Meanwhile, Solana’s SOL jumped 6%, leading gains among major tokens, as BNB Chain’s BNB, ether (ETH) and XRP rose between 2-5%.

BCH is up over 10% as Mt. Gox finishes distributing tokens to its creditors, beating the CoinDesk 20, a measure of the largest and most liquid digital assets, which is up 3.6%.

CoinDesk Indices data shows that bitcoin (BTC) is up 3%, trading above $69,500, while Ether (ETH) is up 4%, trading above $3300.

This steady rise in price for BTC caused the liquidation of a $13.8 million short bet, while $11.4 million ETH short were wiped out, according to CoinGlass data.

In a highly anticipated speech on Saturday, Trump said that if elected in November, he would fire current SEC Chair Gensler, build a strategic bitcoin reserve, and prevent the U.S. from selling its bitcoin holdings. He believes that the asset could compete with gold one day and be “the steel industry of 100 years ago.”

Initially, some analysts believed that BCH would be the loser in the Mt. Gox trade, as the bankruptcy redemptions would result in a disproportionately larger percentage of BCH coming into the market compared to Bitcoin, but that fear seems to have been unfounded.

The market seems to be reacting favorably to BRETT, a ‘mascot’ memecoin on the already meme-heavy Base blockchain. BRETT is the roommate to Matt Furie’s Pepe the Frog, a comical slacker character from Boy’s Club.

BRETT is up 11% in the last 24 hours, while POPCAT, a cat-themed memecoin is up 7%.

Meanwhile, Trump-themed tokens continue in the red, despite a recent address by former-President at the BTC 2024 conference in Nashville.

The MAGA (TRUMP) token is down 6% on-day, according to CoinGecko data, and down 18% in the last week. TREMP is trading flat, down 0.3% in the last 24 hours, while down almost 10% over the last week.

Venezuela’s Election Body Says Nicolas Maduro Reelected President, Opposition Claims Victory Too: Reports

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Venezuela’s dependence of crypto has been fuelled by a a dire economic situation, international sanctions, and nearly 8 million citizens fleeing the country in the past decade.

Venezuela’s election body has announced that Nicolas Maduro has been reelected President of the nation, even though the opposition has claimed victory too, according to reports.

The South-American country’s dependence of crypto has been fuelled by a dire economic situation, international sanctions, and nearly 8 million citizens fleeing the country in the past decade. It is one of the primary remittance-dependent nations in the continent with over $461 million in remittances in 2023 coming through cryptocurrencies, according to blockchain analysis firm Chainalysis.

Venezuela’s state-owned oil company, PDVSA, even looked to Tether (USDT) as a means to bypass sanctions placed on it by the United States, according to reports earlier this year. However, Venezuela ended its Petro cryptocurrency in Jan. 2024, more than five years after it was first launched.

The election authority, controlled by Maduro loyalists, said Maduro won 51% of the vote and opposition candidate Edmundo González secured 44% but since these results were based on 80% of voting stations, this marked an irreversible trend, the Associated Press reported.

In a speech, Maduro praised the electoral system, alleged the system was the target of a failed “massive hack” by a foreign actor, which he refused to identify, and called Argentina’s President Javier Milei a “sociopath.” Milei said on X Venezuelans chose to end Maduro’s dictatorship and that Argentina is not going to recognize another fraud.

The U.S. Secretary of State Antony Blinken said they had “serious concerns” about the election results and Republican Sen. Marco Rubio from Florida which has the largest Venezuelan community in the U.S. said Maduro’s government had “just carried out the most predictable and ridiculous sham election in modern history.”

“Today the dignity and courage of the Venezuelan people triumphed over pressure and manipulation,” said Cuban President Miguel Díaz-Canel on X.

The Role of Artificial Intelligence in Digital Marketing

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The Role of artificial-intelligence in Digital Marketing

Artificial Intelligence (AI) isn’t just something from sci-fi movies anymore. It’s here, and it’s making waves in all sorts of industries, especially digital marketing. Whether creating personalized experiences for customers or crunching numbers to give us amazing insights, AI is changing the game.

So, let’s learn about how AI is revolutionizing digital marketing and why it’s so exciting.

Why AI in Digital Marketing is a Big Deal

Why is everyone buzzing about AI in digital marketing? It’s because AI helps us understand our customers better, automate tasks, and optimize campaigns in ways we never could before. Think of it as having a super-smart assistant who knows exactly what to do and when to do it.

Personalized Customer Experiences

Imagine visiting a website and seeing content that feels like it was made just for you. That’s AI at work!

Dynamic Content: AI can change what you see on a website based on your past behavior. For example, Netflix uses AI to recommend shows and movies you might like, and it feels like magic.
Personalised Emails: Instead of sending the same email to everyone, AI helps tailor each message to the recipient’s interests. This means higher open rates and better engagement.

Enhanced Customer Insights

AI tools can analyze mountains of data faster than any human ever could, giving us pure gold insights.

Predictive Analytics: AI can predict what customers might do next by looking at past behavior. This helps marketers anticipate needs and adjust strategies accordingly.
Customer Segmentation: AI can group customers into segments based on their behaviors and preferences, allowing for more targeted marketing efforts.

Automation of Routine Tasks

Nobody likes doing repetitive tasks, and we don’t have to with AI.

Chatbots: AI-powered chatbots can handle customer inquiries around the clock, providing instant responses and improving satisfaction. They can answer FAQs, guide users, and even complete transactions.
Content Creation: AI tools can help generate content for blogs, social media, and more. Tools like GPT-3 can create text that reads like a human wrote it, saving time and effort.

Optimization of Advertising Campaigns

AI has changed how we manage and optimize advertising campaigns.

Programmatic Advertising: AI-driven programmatic advertising automates the buying and placement of ads, using data and algorithms to target the right audience at the right time. This maximizes ROI.
Ad Personalisation: AI can personalize ads based on user behavior and preferences, making them more relevant and effective. This leads to higher click-through rates and better engagement.

Social Media Management

Social media can be a handful, but AI tools are here to help.

Social Listening: AI can monitor social media to understand what people are saying about your brand. This helps you stay relevant and respond to feedback quickly.
Content Scheduling: AI-powered tools can analyze the best times to post on social media, ensuring your content reaches the most people.

Improving SEO Strategies through artificial-intelligence

SEO is critical for visibility online, and AI is a huge help here.

Keyword Analysis: AI tools can quickly identify the best keywords to target based on search data.
Content Optimisation: AI can suggest changes to your content to help it rank higher on search engines, ensuring it meets the latest algorithms and user behavior trends.

Real-Time Decision Making

In the fast-paced world of digital marketing, making decisions in real time is crucial, and AI excels at this.

Real-Time Bidding: In digital advertising, AI can manage real-time bidding, ensuring your ads are shown to the most relevant audience at the best price.
Instant Personalisation: AI can personalize a user’s experience on your website or app based on real-time data, increasing engagement and conversions.

Some Eye-Opening Stats about artificial-intelligence

Let’s talk numbers. According to a survey by PwC, a significant rise in AI optimism, with 94% of respondents implementing or planning AI initiatives. Sectors like travel, hospitality, manufacturing, and healthcare have notably accelerated AI adoption, integrating solutions for contactless experiences and predictive diagnostics.

Challenges and Considerations

While AI is amazing, it’s not without its challenges.

Data Privacy: Ensuring customer data privacy and complying with regulations is crucial when using AI.
Bias and Fairness: AI algorithms can sometimes be biased, leading to unfair outcomes. It’s important to regularly review and adjust algorithms to ensure fairness.
Cost and Implementation: Implementing AI solutions can be costly and complex, requiring investment in technology and skilled personnel.

The Future of AI in Digital Marketing

The role of AI in digital marketing is only going to grow. As technology advances, AI will become even more integrated into marketing strategies, providing deeper insights, more personalized experiences, and greater efficiency. Businesses that embrace AI will have a competitive edge in the ever-evolving digital landscape.

In short, AI is revolutionizing digital marketing by providing personalized customer experiences, enhanced insights, automation, and real-time decision-making. Hire the Inbound Media to leverage AI and optimize your marketing efforts, improve customer satisfaction, and achieve better results.

The future of digital marketing is undeniably intertwined with the advancements in AI, and staying ahead means embracing these changes today.

Two Foreigners Deported for Graffiti Vandalism in Ho Chi Minh City

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District 1 Police apprehended Tardieu Kerrigan Marcus Trevor, a 24-year-old from New Zealand, and Extrammiana Pablo, a 26-year-old from France, for defacing property with spray paint. The authorities have charged them with engaging in activities not permitted by Vietnamese law and issued administrative sanctions along with the expulsion order.

The incident took place at 11 PM on July 22, when Tardieu was caught in the act of spraying graffiti on a rolling door on Pho Duc Chinh Street, Nguyen Thai Binh Ward. Extrammiana was found standing nearby, serving as a lookout. Police seized 23 cans of spray paint from the scene and detained both individuals.

The evidence being confiscated by the police.

During the investigation, it was revealed that Tardieu and Extrammiana had rented hotels in the Nguyen Thai Binh and Suong Nguyet Anh Streets area of District 1. However, their temporary residence was not registered by the hotel owner as required by regulations. The duo met through social media and conspired to vandalize city properties under the guise of street art.

Their graffiti activities were widely shared on social media, which they used to gain attention and create a viral effect, negatively impacting public opinion and the city’s aesthetics. Authorities have classified their actions as an organized violation.

In addition to their deportation, the police have ordered Tardieu and Extrammiana to clean up all the graffiti they created in public spaces. This incident is part of a broader effort by the authorities to address the rising issue of graffiti in the city center, which has seen a notable increase in recent months.

Just last month, District 1 Police fined and required a 28-year-old New Zealand citizen to repaint a resident’s door after catching him in a similar act of vandalism. The local community has expressed growing concern over the frequency of such incidents, prompting stricter enforcement measures from the authorities.

Deutsche Telekom Joins RWA-Focused XDC as Infrastructure Provider in Digital Asset Push

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The company already runs nodes on multiple blockchain networks and is considering bitcoin mining, its web3 head revealed last month at a conference.

German telecommunications giant, Deutsche Telekom’s subsidiary announced on Thursday that it will expand its Web3 services to the XDC Network (XDC), a blockchain focused on tokenized real-world assets (RWA), trade finance and decentralized physical infrastructure (DePin).

Deutsche Telekom MMS, dedicated to cloud and internet infrastructure, joined the network as an infrastructure provider and will operate a standby masternode. This type of node does not validate transactions on the blockchain as default, but will be called into action if the number of operating validator masternodes drop below the required level of 108.

“This addition utilizes our enterprise-grade infrastructure to enable secure blockchain-based applications, with a focus on the finance sector,” said Dirk Röder, head of Deutsche Telekom MMS’s web3 unit.

The announcement is the latest example of the global telecom company’s growing blockchain prowess, following Röder’s comment last month at the Bitcoin Prague conference last month that the Deutsche Telekom MMS will start mining bitcoin (BTC). The company already runs nodes on Bitcoin and Lightning networks, he said then.

On top of that, the company operates validators on a range of proof-of-stake blockchains including Ethereum (ETH), Polygon (MATIC) and Polkadot (DOT), and offers a staking service where customers can deposit tokens to earn rewards for maintaining the network.

XDC is a layer-1 blockchain that’s compatible with the Ethereum Virtual Machine (EVM), that claims to offer fast transaction speed and “near zero” gas fees. The network hosts euro and U.S. dollar stablecoins and tokenized versions of real-world assets such as gold and U.S. Treasuries.

Ether Down Over 7.5% as ETHE Outflows Ramp Up

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Most Ether ETFs were in the green during the Wednesday U.S. trading session, but Grayscale’s converted Ethereum Trust ETF posted a net outflow of over $800 million.

Ether (ETH) is down over 7.5% in the first hours of East Asia’s business day, trading hands above $3100 as the market continues to be concerned about outflows from Grayscale’s converted Ethereum Trust ETF {{ETHE}}.

Market data from SoSoValue shows that ETHE had a net outflow of over $810 million. This is similar to the first weeks of Grayscale other major crypto trust, GBTC, when it experienced heavy outflows during the first weeks of the bitcoin ETFs trading earlier this year.

Most of the other ETH ETFs continued in the green for flows during the Wednesday session, with BlackRock’s ETHA leading the pack with $283.9 million for inflow, followed by Bitwise’s ETHW, which registered $233.6 in inflow, and in third place Fidelity’s FETH that clocked $145.7 million in inflow.

ETH is up 6% in the last month, and 72% in the last year.

Overall, Ether has outperformed the CoinDesk 20 (CD20), an index that tracks the largest digital assets, year-to-date, with the CD20 up 21.6% compared to ETH which is up 35%.

ETH has continued to trade closely in line with Nvidia (NVDA), which is down over 6% today. Crypto prices have been strongly correlated with the chipmaker’s stock for most of the year.

Opportunities in Vietnam Stock Market Amid Foreign Investment Surge

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Vietnam Insider has highlighted the strengths of Vietnam’s domestic stock market, revealing significant opportunities for local investors as foreign capital increasingly flows into the country.

Amid global economic turbulence, foreign investors see Vietnam as an attractive investment destination. While many regions face conflicts, Vietnam remains a peaceful nation and a key export hub.

The global economy is currently unstable, with major markets engaged in intense economic competition. In the United States, upcoming elections add further uncertainty. Regardless of the election outcome, it is expected that the US will continue to strengthen economic ties with Vietnam, presenting an advantage over other markets. Vietnam’s numerous trade agreements with the US and Europe provide a solid foundation for expanding investment and market reach.

These trade agreements have been crucial in sustaining Vietnam’s recent growth, and the country is poised to continue benefiting from shifts in global investment patterns. Since the beginning of the year, Vietnam has seen a surge in exports and robust foreign direct investment. Vietnam’s stable political and economic environment, coupled with balanced internal and external affairs, has shielded its economy from global downturns.

Despite the opportunities presented by shifting capital flows, the challenge for investors lies in their ability to capitalize on these opportunities. One limitation recently observed in the Vietnamese economy is lower-than-expected credit growth, indicating constrained domestic expansion.

Investors believe that domestic businesses and investors need to invest with greater confidence. The current global landscape is favorable for Vietnam, yet some investors remain hesitant, resulting in reduced investment and slower credit growth. To fully leverage this potential, the domestic market requires further development.

Sophie Dao, Senior Partner at Global Business Services LLC (GBS), notes that some major foreign investors have yet to enter Vietnam, raising concerns about the readiness of Vietnamese businesses. A critical issue is the lack of high-tech human resources, which needs to be addressed promptly. Vietnam must invest in workforce training to prepare for the arrival of foreign enterprises.

Both the public and private sectors must be prepared to welcome new investment as geopolitical shifts bring about significant changes. Educational institutions should focus on training high-tech personnel, while regulatory bodies need to implement policies that encourage, promote, and allocate budgets for this purpose.

Vietnamese Shoppers Spent $6 Billion as Online Shopping Surged in H1 2024

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In the first half of 2024, Vietnamese consumers spent an impressive VND143.9 trillion ($6 billion) on online shopping, highlighting the rapid expansion of the country’s e-commerce sector.

E-commerce continues to be a significant growth area in Vietnam’s economy. According to market analysis firm Metric, the sector saw over 54% growth in both sales and transaction volume compared to the same period in 2023.

The leading five e-commerce platforms—Shopee, Lazada, Tiki, Sendo, and TikTok Shop—reported remarkable figures, with VND143.9 trillion ($6 billion) in sales and 1.533 million successful deliveries. This marks a 54.91% increase in revenue and a 65.55% rise in transaction volume compared to the first half of 2023.

This growth underscores the strong development of Vietnam’s e-commerce market and shows how businesses are leveraging the shift from offline to online shopping.

A notable trend is the rise of Shop Mall (official store) segments. In the first half of 2024, the number of Shop Malls increased by 12.29% compared to the same period last year.

High-volume sellers on Shopee often have warehouses in Hanoi and Ho Chi Minh City, the country’s major economic hubs with advanced logistics systems. Additionally, the Red River Delta region is emerging as a promising area due to its dense population and high consumer demand.

Beauty products, women’s fashion, and home goods continue to lead in both sales and volume across all five e-commerce platforms. Notably, affordable products priced under VND200,000 remain highly attractive, with a 3% increase in market share compared to last year. This trend reflects a broader pattern of budget tightening amid current economic conditions, with consumers prioritizing affordable options.

In the first half of 2024, technology brands such as Apple, Samsung, and Xiaomi dominated the top sales rankings, highlighting strong consumer demand for tech products.

Among the top 10 highest-grossing brands in Vietnam’s e-commerce market, only one local brand, Vinamilk, made the list. This underscores the intense competition on e-commerce platforms and suggests that domestic brands need more strategic planning to enhance their market presence.

According to Metric, the back-to-school season (late August to early September) is a peak period for office supplies on e-commerce platforms. Sales of stationery items such as pens, notebooks, and various types of paper surged as consumers prepared for the new school year. These products, typically priced under VND50,000, remain popular among Vietnamese shoppers.