Bitcoin Bulls Just Joining the Rally Are Very Late to the Party, Analyst Says

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Never before has the RSI been this overbought alongside an above-$60,000 bitcoin price, analysts at The Market Ear explained.

Bitcoin (BTC), the leading cryptocurrency by market value, has gained over 40% in four weeks and is trading just 12% short of its record high near $69,000.

Such an uber-bullish market condition often has short-term traders and speculators, who missed the early rally, jump in with both feet, using riskier leveraged products like futures to maximize gains and make up for initially sitting on the sidelines.

If you are one of those short-term traders, you might want to consider the new information, which suggests chasing the rally now may be risky, according to the news and analysis website The Market Ear.

“Bitcoin [14-day] RSI at 88. We have not seen RSI this overbought AND bitcoin trading at these absolute levels, ever,” analysts at The Market Ear said in Thursday’s edition of the newsletter.

“Chasing it here looks like a very late trade,” analysts added.

RSI, developed by J. Welles Wilder, is a momentum indicator that measures the speed and change of price movements over a set period, usually 14 days or 14 weeks.

A reading above 70 reflects overbought conditions or a situation where the asset’s price has seen a long run of successively higher prices or rallied a little too fast and may correct lower soon.

Never before has the RSI reached this high, alongside plus $60,000 bitcoin price. The indicator peaked between 65 and 75 the last time bitcoin traded above $60,000 in early 2021 and November 2021.

Bitcoin’s present value relative to the RSI lends credibility to the overbought signal, calling caution on the part of speculators looking for a long entry at the going market rate.

That said, RSI is not the holy grail. Markets often maintain a strong upward trajectory for days and weeks, keeping the RSI above 70 for a prolonged time. As Newton’s law says, “An object in motion stays in motion with the same speed and in the same direction unless acted upon by an unbalanced force.”

The overbought reading is of little importance to existing or new long-term investors whose strategy is to buy and hold for long-term growth. Investors typically do not worry about short-term price swings and focus on the big picture.

According to analysts, bitcoin’s big picture is bullish, thanks to the halving, which reduces supply expansion by 50% every four years, and Wall Street’s recent embrace of the spot bitcoin ETFs. The consensus is that the cryptocurrency could draw a price of $120,000 and higher by September 2025.

Metro No. 1 project will be commercially exploited from August 2024

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The Ho Chi Minh City Urban Railway Management Board has reported to the City People’s Committee that they are finishing work on Metro Line No. 1, which will be open for service in August. The subway will serve the people of Ho Chi Minh City, who have been waiting for it for 15 years.

At the city center, the entrances and exits to the underground station have been completed. The subway’s interior is simple, convenient, clean, and modern, and it runs at the designed speed. It has 17 trains and 51 carriages running continuously and is expected to serve over 180,000 passengers per day.

Ho Chi Minh City is considering initially offering free or reduced ticket prices for this train route to encourage the use of public transportation. This would help create a habit of using public transportation, which is a more sustainable way to travel.

However, there is still work to be done, such as completing the construction of office building items, checking and adjusting machinery, and coordinating with parties to accept fire prevention and fighting, environment, and evaluate system safety.

The Urban Railway Management Board has announced that Metro Line No. 1 will have a trial commercial operation in July. Complete auditing and settlement procedures will be performed, and it will officially commence commercial operation in August 2024. The Board is committed to ensuring that the Metro line meets the highest safety and quality standards.

@vtv.vn

Hanoi allows 10 types of services to do business on West Lake

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The Hanoi People’s Committee has recently issued regulations for the management and utilization of West Lake. The regulations permit 10 types of services, which include golf practice courses, water transport services, cultural and sports services, traditional festivals, boat races, water musical performances, hot air balloon and paragliding activities, swimming, diving, boating, canoeing, water cycling, windsurfing, and electric vehicles, bicycles, and cyclos traveling on walking routes around West Lake.

Hanoi had previously completed dismantling and relocating the last restaurants out of West Lake
Water transportation services for non-overnight guests will be operated on West Lake

The city has also established requirements for environmental management, including wastewater, lake water, and water levels, lake surface cleaning, air environment, waste, and garbage, as well as infrastructure, planning, construction, and architecture. The City People’s Committee mandates that all organizations and individuals engaged in production, business, and service activities must take measures to treat dust, emissions, and noise to meet environmental standards. Organizations and individuals that spread harmful emissions, causing dust, noise, and other factors that affect the environment, health, and daily life of surrounding communities will be dealt with under current regulations.

The swan-shaped boat pedaling model was operated on West Lake in previous years.

The city has assigned the People’s Committee of Tay Ho district as the focal point for comprehensive management, coordinating with city departments and branches to manage and utilize West Lake. Earlier, on January 31, the People’s Committee of Tay Ho District held a ceremony to launch the West Lake Management Board, a public service unit that is directly under the People’s Committee of Tay Ho District. The West Lake Management Board is responsible for comprehensive, centralized, and unified management of the West Lake area and its surroundings.

International visitors to Vietnam nearly recover to pre-Covid-19 levels

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In February, Vietnam welcomed over 1.5 million international visitors, continuing to increase compared to the previous month. It is noteworthy that Chinese tourists have shown a strong resurgence.

According to the report from the General Statistics Office, thanks to the effectiveness of favorable visa policies, tourism stimulus programs, as well as the efforts of the tourism industry, localities, and businesses, the number of international visitors to Vietnam in February reached over 1.53 million arrivals, up 1.3% from the previous month and up 64.1% compared to the same period last year.

In total for the first two months of 2024, international arrivals to Vietnam reached over 3 million, up 68.7% compared to the same period last year and equal to 98.5% compared to the same period in 2019 – the year before the Covid-19 pandemic (with nearly 3.09 million arrivals).

Out of the total of over 3 million international arrivals to Vietnam in the first two months of the year, the most impressive growth is from Chinese tourists, with nearly 300,000 arrivals in February.

Chinese tourists are increasingly searching for Vietnam tourism and the number of visitors is recovering strongly. Photo: Hoang Ha

In total for the first two months of this year, there were nearly 548,000 Chinese arrivals in Vietnam, up 758% compared to the same period last year. The reason for the significant increase is that in March 2023, the country reopened tourist groups to Vietnam.

Search data from the online platform Agoda shows that Vietnam is the preferred tourist destination for Chinese travelers in early 2024. The search volume from China to Vietnam during the Lunar New Year almost returned to pre-pandemic levels.

Chinese tourists’ interest in traveling to Vietnam in 2024 reached 95% compared to 2020 – the period before travel restrictions due to the Covid pandemic were implemented.

Among them, the top 5 destinations preferred by Chinese tourists include Ho Chi Minh City, Hanoi, Nha Trang, Da Nang, and Phu Quoc Island.

However, in terms of total visitors, the Chinese market still ranks second, after South Korea. There were 426,500 visitors from South Korea to Vietnam in February, bringing the total number of South Korean visitors in two months to 844,000, an increase of 1.5 times compared to the same period last year.

In third place is the Taiwan (China) market with over 198,300 visitors; fourth is the United States with nearly 156,000 visitors, and fifth is Japan with 107,300 visitors to Vietnam in February.

Thus, in the top 5 markets for visitors to Vietnam in February, the total number of visitors from South Korea and China is significantly ahead of the number of visitors from the other three markets.

In Europe, countries exempted from visa requirements by Vietnam also recorded high growth in visitor numbers, such as France (up 35%), Italy (up 82%), Spain (48.5%), Germany (up 37%), Sweden (up 42%), Norway (up 41%), Switzerland, and Belgium, all up 36% in the first two months of this year compared to the same period in 2023.

@Vietnamnet

Ba Na Hills offers 40% discount for Quang Nam – Da Nang residents

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Sun Group has decided to reduce the ticket prices for Ba Na Hills Tourist Area by up to 40% in March for residents of Quang Nam – Da Nang.

According to Sun Group, the price reduction for Quang Nam – Da Nang residents is aimed at stimulating domestic tourism demand, as part of the “Proud Vietnamese Identity” campaign initiated by Sun Group, which runs from March to September 2024, with the goal of revitalizing domestic destinations and attracting international tourists.

Specifically, residents with permanent residency in Da Nang City and Quang Nam Province in March will enjoy a 40% discount, reducing the price to 350,000 VND/adult and 250,000 VND/child. The discount also applies to a cable car and buffet lunch combo priced at 650,000 VND/adult and 400,000 VND/child.

Tourists visit Ba Na Hills

Mr. Nguyen Lam An, Director of Sun World Ba Na Hills Tourist Area, stated that the program to show gratitude to Quang Nam – Da Nang residents initiates a series of promotions here, along with many new activities to enhance unique experiences, events, and attractive festivals for tourists.

Along with the 2024 Spring Festival, Sun World Ba Na Hills Tourist Area is currently blossoming with various flowers such as cherry blossoms, apricot blossoms, roses, and over 100,000 tulips selected from many places around the world.

Mini-shows take place at various times and locations within the tourist area, featuring dancers from both domestic and international backgrounds showcasing tango, samba, drum performances, and street art.

In addition, Da Nang City has opened a bus route from the city center (Da Nang Airport) to Ba Na with fares starting from 8,000 VND and a frequency of 30 minutes/trip, providing added convenience for residents and tourists alike.

@Thanhnien.vn

Here’s why Vietnam’s one of the 10 best destinations for post-graduates

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The world’s leading travel magazine Lonely Planet has proposed the top 10 destinations for recent graduates in 2024. Vietnam ranks fifth among them.

According to Lonely Planet, graduation marks the completion of an academic program and is also the beginning of the next phase in every student’s life. Therefore, nothing could be “more” fitting than having a celebratory vacation, a post-graduation trip. This is also a practical experiential step for young people as they embark on the next phase of their lives.

Vietnam is a popular destination for many international visitors

Lonely Planet asserts, “With beautiful landscapes and a warm climate, affordable prices, a vacation in Vietnam will provide opportunities for recent graduates to venture out of their comfort zones.”

Visiting Hanoi, tourists will be impressed by the bustling scenery of the streets and the enticing traditional pho restaurants. Exploring Ha Long Bay – a UNESCO-recognized World Heritage Site, visitors can cruise to admire the giant limestone islands with various shapes, enjoying the fresh air and sea breeze.

In bustling Ho Chi Minh City, travel enthusiasts should not miss wandering around traditional markets like Binh Tay Market or visiting ancient temples and shrines. One of the particularly exciting experiences in the South is cruising through the Mekong Delta, gliding along small channels shaded by lush trees and visiting famous floating markets like Cai Rang…

Apart from Vietnam, Lonely Planet also suggests the top 9 journeys for graduates in 2024, including: exploring Mexico, a cross-country trip in the United States, discovering Greece, an adventure in Costa Rica, experiencing New Orleans (Louisiana, USA), exploring New York City, discovering South Africa, a trip to Iceland, and experiencing Florence (Italy).

@Thanhnien.vn

Ticket price cap for flights to increase soon

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Starting from March 1st, the decree issued by the Ministry of Transport specifies that the ceiling prices will be adjusted to increase by about 5% compared to before. Notably, this is the first adjustment in nearly 10 years.

At the International Airline Symposium (IAS) 2024 held today (February 28th) in Hanoi, some experts pointed out that Vietnam is one of the few countries in the world currently controlling ceiling prices and floor prices for air tickets. In the future, Vietnam’s aviation industry will move towards an open market when there is appropriate competition and regulation.

Raising the ceiling on airline ticket prices can help passengers with low spending capacity access airline services. Photo: NIA.

According to airline representatives, there have been significant changes in the input costs of the aviation industry over the past period. Therefore, the new regulations on ticket prices provide opportunities for operators to offset the sharp increase in operating costs due to factors such as fuel prices and currency exchange rates, as the aviation industry predominantly uses the USD. However, increasing the ceiling price of air tickets also benefits passengers.

Mr. Le Hong Ha, CEO of Vietnam Airlines, stated that airlines will not continue adjusting their price ranges on domestic routes. Increasing the ceiling price allows companies to continue investing in the quality of services for premium customers.

“This allows airlines to prevent lowering their prices to serve the needs of budget-conscious passengers. Additionally, during market downturns, airlines will offer more promotional programs,” Mr. Le Hong Ha said.

According to Decree No. 34/2023/TT-BGTVT, effective from March 1st, the Ministry of Transport amended the framework for basic economy passenger transportation service prices. Notably, routes with distances under 500 km will have a ceiling price of 1.6 million VND/ticket/one-way for economically and socially developed routes and 1.7 million VND/ticket/one-way for other routes.

The remaining route groups will see price increases ranging from 50,000 to 250,000 VND/ticket/one-way compared to the previous regulations, depending on the length of each route.

Specifically, for routes from 500 km to under 850 km, the ceiling price is 2,250,000 VND/ticket/one-way, routes from 850 km to under 1,000 km have a maximum fare of 2,890,000 VND/ticket/one-way, routes from 1,000 km to under 1,280 km have a ceiling price of 3,400,000 VND/ticket/one-way, and routes with distances of 1,280 km or more have a ceiling price of 4,000,000 VND/ticket/one-way.

Therefore, routes like Hanoi – Ho Chi Minh City and Hanoi – Phu Quoc with distances of 1,280 km or more see the most significant increase in ceiling prices at 6.25% and 6.67%, respectively. Meanwhile, route groups under 500 km, such as Ho Chi Minh City – Da Lat and Hanoi – Vinh, maintain their ticket prices.

@Cafef

Google discontinues YouTube Kids app for children on TV

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Google’s changes will take effect across multiple devices such as TVs, gaming consoles, and streaming devices.

Recently, Google announced the “phasing out” of the YouTube Kids app on TVs starting from July. Introduced some time ago with the aim of allowing children to access YouTube across various platforms, including Smart TVs, gaming consoles (PS5, Xbox), and streaming devices (Chromecast, Apple TV), the standalone YouTube Kids app will completely disappear from these devices.

However, parents need not worry. Although the YouTube Kids app icon will no longer appear on TVs this summer, children can still access YouTube Kids through the child profile within the main YouTube app. This means the standalone Kids app will be replaced by the YouTube app.

YouTube Kids app on TV

It’s noteworthy that children can watch YouTube Kids even without logging in. Typically, children access YouTube Kids by entering the child profile within the YouTube app. However, children can also watch YouTube Kids using a “Guest Account.”

Once this process is completed, the option for the YouTube Kids profile will appear on the account page or the “Who’s Watching?” screen. Selecting this profile will redirect to YouTube Kids. YouTube Guest accounts can be deleted at any time from the account page.

Although Google has confirmed the discontinuation of the YouTube Kids app on TVs, there has been no official announcement regarding the fate of this app on iOS and Android.

@Cafef

High-Rated Player Cards in FUT Bin with These Tips

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RephraseTo get the­ best from your top-tier player cards in FUT Bin, start by picking your main nation. This core­ choice, though small, can greatly drive your te­am’s success and the power of your top playe­rs.

Your ultimate team starts with the­ right nation. Each one has its play style, strengths, and downside­s. Pick a nation that matches how you like to play and the traits of your top-tie­r player cards to boost their game.

Che­cking Play Styles

Think about your top-tier players’ play style­. Are they nimble dribble­rs, sturdy players, or strategic game-change­rs? Various nations shine in distinct game aspects. Like­, if your top cards have top-level dribbling, a nation like­ Brazil or Argentina may be a smart pick for their te­chnique and originality.

Reviewing Che­mistry Chances

Team performance­ depends heavily on che­mistry. Make sure your nation fosters strong links with your top-tie­r player cards. Search for nations that boast players in varie­d positions and jobs, allowing you to build robust links and sync among your players.

Study and Test

Before your final choice, dive­ deep into rese­arch and try out various beginning nations. Reflect on the­ best qualities of your top ranked playe­r cards, and how they gel with differe­nt nation’s play strategies. Experime­nt with various pairings and game orders in friendly bouts or squad fights. This give­s you an idea of which first nation best brings out the abilitie­s of your top ranked players.

Mindfully picking out your beginning nation is a solid first move­ towards winning in FUT Bin. Make a smart choice and watch your top ranked playe­r cards excel in the game­, backing you in winning and outdoing your rivals.

Holding or Selling Loyalty Packs?

Loyalty player packs in FUT Bin can be a golden ticke­t to top ranked player cards, although deciding to hold or se­ll them demands thoughtful thinking. Here­ are some tips to help you make­ the most out of the player cards you gain from loyalty packs:

Asse­ss the Present Marke­t Worth

Before deciding, thoroughly asse­ss the current market worth of the­ players in your loyalty pack. Look up the FUT Bin market to compare­ prices of similar top-ranked player cards. That’ll clue­ you in on their demand and possible se­lling rate.

Think About Your Squad Needs

Analyze­ your current squad and pinpoint any areas that nee­d a boost. If the player cards from your loyalty pack mesh with the­se areas, you might want to hold on to them and incorporate­ them into your team. Having top rated playe­rs can significantly raise your squad’s abilities and boost your winning odds.

Timing Matters

Marke­t changes in FUT Bin sway player card worth. Think about when you choose­. If prices are high, loyalty pack player cards may se­ll for more. Yet, if prices are­ stable or less, it’s wiser to ke­ep high-rated players. Wait for the­ best time to sell.

Use­ the Chemistry System We­ll

FUT Bin’s chemistry system impacts your team. If loyalty packs playe­r cards gel with your team, kee­p them. It’s key to balance playe­r chemistry so you can play to your full capacity on the field.

Be­ Alert for Future Events or SBCs

Watch for future­ events or Squad Building Challenge­s (SBCs). The high-rated player cards might be­ needed for ce­rtain SBCs. If so, hold onto them, they’ll be worth more­ during those events.

By unde­rstanding these points, you’ll make smarte­r decisions about loyalty packs in FUT Bin. Sell or kee­p the high-rated player cards, always size­-up the market and think about your team. This way you’ll improve­ their worth and your game.

Re­member, the ea fc 24 we­b app beginner’s manual is a must for any fut bin fan looking to unlock the­ power in their top player playing cards. By unde­rstanding its information and its procedures for your gameplay, you could decorate­ your future adventure and triumph over your opponents in digital games.

Get re­ady for greater as we discover­ the FIFA 23 internet app beginne­r’s manual in the next se­gment. Learn how it improves your threat­s to get the maximum out of high-rating player cards in the future bin.

*be aware­: the overall count of phrases for this element is 205. Feel fre­e to factor out if changes are ne­eded to mee­t the favoured word matter.*

Dogecoin Bullish Bets Reach Record $1B

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The tokens were up over 40% in the past 24 hours, continuing a rally as a beta bet on the blockchains they are based upon.

Traders are continuing to use prominent meme tokens as ecosystem bets on their respective blockchains, boosting dogecoin (DOGE) futures to set a record level.

DOGE tokens were up as much as 40% before giving back some gains in the past 24 hours as bitcoin (BTC) rallied to over $63,000 from $59,000. DOGE led gains among major tokens and significantly beat the broader CoinDesk 20 (CD20) index, which is up nearly 7.8% in the same period.

Open interest, or the amount of unsettled bets on DOGE futures, increased over 54% since Wednesday, Coinglass data shows, setting a lifetime record of $1 billion in bets involving the tokens.

An increase in open interest means new or extra money entering the market. Data shows 70% of traders are long DOGE – expecting it to go higher.

As such, data from CryptoQuant tracking DOGE price action shows the token’s Relative Strength Index (RSI), a measure of the rate of change of prices, has reached the “overbought” level – one that indicates a “possible trend reversal” in the coming days.

Fundamentally, Dogecoin developers released the network’s core version 1.14.7, on Tuesday, a minor release that amped up security and upgraded node operators. Another relatively recent technical improvement was the introduction of Ordinals on the Dogecoin blockchain, with some developers even releasing popular games that run wholly using dogecoin.

Some in crypto circles say meme tokens may be more attractive to retail investors as as the bull market continues – mainly due to their relevance in popular culture, low unit bias and familiarity.

Meanwhile, data from Coinglass shows shorts or bets against DOGE lost over $40 million in the past 24 hours.

Liquidations occur when an exchange forcefully closes a trader’s leveraged position as a safety mechanism due to a partial or total loss of initial margin. That happens primarily in futures trading, which only tracks asset prices, as opposed to spot trading, where traders own the actual assets.

SEC Objects to Terraform’s $166M Retainer of Law Firm Dentons: Reuters

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Additionally, the SEC has said that Terraform should not be allowed to hire law firm Dentons or pay litigation costs for employees, the report said.

The U.S. Securities and Exchange Commission (SEC) has raised objections to a $166 million retainer payment to lawyers of Terraform, according to Reuters.

Additionally, the SEC has said that Terraform should not be allowed to hire law firm Dentons or pay litigation costs for employees, the report said.

The SEC has alleged that Terraform intended to avoid paying a future judgment in the SEC’s lawsuit, which is why it sent $166 million to Dentons.

Terraform Labs and its founder, Do Kwon, currently face a trial in the U.S. from the SEC regarding the collapse of TerraUSD. Terraform Labs filed a voluntary petition in Delaware for Chapter 11 bankruptcy in January 2024 after the failed stablecoin TerraUSD and the LUNA token collapsed in May 2022, destroying billions of dollars in investor wealth.

The money was “siphoned” off into an “opaque slush fund for its lawyers,” which could have gone to investors and creditors seeking to be repaid in Terraform’s bankruptcy, the SEC said, according to the report.

Terraform Labs or Dentons did not immediately respond to CoinDesk’s request for comment.

5 Reasons Why Every Garage Should Invest In A Vehicle Lift

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5 Reasons Why Every Garage Should Invest In A Vehicle Lift
Vehicle lifts transform the use and maintenance of vehicles within the garage environment. These garage tools are essential for DIY mechanics and dedicated automotive enthusiasts. They improve efficiency and convenience in handling varied automotive projects. Robust and well-designed lifts maximize space usage and allow vertical placement of vehicles. 

The mode of vehicle storage frees up floor space, offering additional projects. You can access the undercarriage for restorations and maintenance, eradicating the need for awkward crawling and cumbersome assignments. Keeping the vehicle raised prevents destruction and theft, improving peace of mind. The following are five reasons to invest in vehicle lifts for your garage. 

1. Vehicle Lift Maximizes Space Use 

Vehicle lifts support vertical placement and enable proper utilization of unused overhead space. The unique vehicle storage approach doubles the parking capacity while minimizing the footprint. The feature leaves most floor area for other needs and projects. Vehicle lifts such as single-post and scissors lifts have zero footprint. They accumulate none of your floor space when installed, maximizing garage layout. 

Vehicle lifts have adjustable heights that allow customization based on the vehicle height. The flexibility enables efficient vertical vehicle use, with the potential for storing varied-sized vehicles. Some more advanced have stackable platforms and enable automobiles to be stored on top of each other. The stacking feature helps optimize vertical space use, ensuring safety and efficiency. 

 Top-tier lifts have integrated storage solutions, including built-in cabinets and tool trays, maximizing space use below and above the lift. Get the Harmar scooter lifts with a compact footprint. These systems have powered rotation and lifting capabilities and are efficient for lifting power chairs and mobility scooters. They have longer arms for crew cabs and mounts on both sides. 

2. Vehicle Lift Improves Garage Versatility

Contemporary automotive lifts have adjustable heights and can lift differently sized and weighted automobiles. The versatile designs let you repair and maintain all vehicle types, from SUVs to compact cars and trucks. Interchangeable lift pads accommodate multiple vehicle chassis types, supporting most auto models and make. These mobile lifts are easy to carry around, making them suitable for mobile and temporary repair shops. 

Many lifts come in distinctive and unique configuration options, including symmetric and asymmetric layouts. These unique layout configurations offer an option to select one that suits your workflow needs and garage space. Find unique lift models compatible with wheel chocks, drip trays, and jack stands. These extras boost the functionality of your life and let you handle more repair and maintenance tasks.  

Most automotive lifts have overload protection, automatic locking mechanisms, and emergency stop buttons. These features add to the overall use potential of the garages. You can use the garage for more than one purpose while handling more than one project. 

3. Vehicle Lift Maximizes Garage Safety 

Automobile lifts maximize your garage safety in many unique ways. They have diverse, well-designed features to optimize safety levels. Automatic safety locks engage the lifts when raised to prevent accidental lowering. These features offer an extra layer of stability and security, ensuring you can safely work underneath the vehicle. Also, lifts have overload protection mechanisms to prevent accidental automobile lowering and lifting above the rated capacity.  

Emergency stop buttons halt the lift operation during malfunctions and emergencies. The smooth and quick-stop functions enable stopping the lift during critical situations, preventing accidents. Higher-end lifts have sturdy construction with a stable base design and sturdy materials. The durable and stable designs prevent collapse and tipping when in use. These robust features offer a safe platform for lifting and lowering vehicles. 

Discover lifts with guards and barriers that prevent accidental contact with moving parts. The purpose is to minimize injury risk when operating your lift. One thing with reputable lift manufacturers is that they offer certifications to confirm the lifts meet industry safety standards. 

4. Optimizes Garage Convenience

Investing in lifts for contemporary garages maximizes convenience levels in your garage space. Automobile lifts allow easy operation and quick setup for efficient auto lifting and lowering. They reduce time wastage on complicated procedures. Many lifts have remote control capabilities, allowing control and operations from afar. The unique feature lets solo operators lower or raise automobiles without needing extra hands. 

The compact vehicle lift design reduces the space they occupy in your garage. Therefore, you will have more floor space for additional automobiles and other activities. Most vehicles have certain apps used for varied uses, including showcasing automobiles, maintenance, repairs, and storage. They are valuable additions to all garage setups, with customizable settings, including lift speed and adjustable lift heights. You can tailor the lift operations to match your unique needs. 

These vehicles have integrated features such as storage compartments, tool trays, and built-in ramps, enhancing access and control. Garages equipped with a lift are more versatile and convenient and allow use in varied ways. The advanced convenience levels ensure you can utilize the garage for many unique purposes. 

5. Vehicle Lift Increases the Property Value

Garages equipped with auto lifts offer bolstered functionality and utility, appealing to more buyers. Many property buyers appreciate the versatility and convenience of vehicle lifts. The added functionality attracts more buyers while commanding a higher selling price. Many advanced vehicle lifts maximize your garage space utilization. They allow you to park cars vertically to free up your valuable floor space to keep more vehicles and increase the work areas. The efficient use of space increases the perceived value of your property while justifying the higher selling price. 

Many vehicle lifts have advanced safety features, including stable construction, automatic locking mechanisms, and overload protection. Garages with safe lifts appeal more to buyers and attract higher prices. A vehicle lift installed in your garage makes it appear more professional and well-maintained. It signals that a valuable property has been maintained to meet higher quality and safety standards. 

These refined features have a positive first impression and increased garage value. Also, a garage equipped with robust and state-of-the-art lifts has higher demand. Yes, they boost the overall need for your property while increasing the resale value. 

Wrapping Up 

Vehicle lifts are vital additions to any garage in modern-day household and business settings. These valuable systems increase property resale value, maximize space, improve safety, and boost convenience. Garage owners can utilize vertical parking to effectively use overhead space and free up most of the floor space. The additional space created keeps more vehicles and allows for handling more projects. The convenience and state-of-the-art safety features provide a secure and hassle-free experience. Also, the professional appearance and better utility make the garage more attractive to buyers. 

 

 

Guide for Company Establishment in JAFZA Free Zone

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Revolutionizing the world of commerce, the Jebel Ali Free Zone (JAFZA) is the catalyst for strengthening international logistical and trading capabilities. The specifics of company formation in JAFZA are governed by the number of shareholders and the nature of business ventures. With a world-class infrastructure fortified with quality-focused value-added services, JAFZA entices investors, offering unparalleled opportunities in the region. This surge in growth can be associated with JAFZA’s ingenious strategies designed for global industrial shareholders, with an emphasis on sustainable client relationships.

Company formation in JAFZA free zone involves a sequence of stages interwoven with legal obligations. Detailed below is a step-by-step guide to the five pivotal stages in creating a robust business foundation at JAFZA:

Step1. Identifying the Appropriate Legal Entity

Begin your journey by deciding the ideal legal entity to structure your business in JAFZA. This includes:

  • Multiple shareholder company: Can consist of 2-50 individual or business entity shareholders.
  • Single shareholder company: An individual or business entity can register as a Free Zone Establishment, holding a distinct identity from its shareholder, possessing the rights and privileges of a natural person.
  • Existing business entity: An already established entity can extend its reach by registering a branch within the Free Zone.
Step 2. Choosing a Unique Tradename

After determining the type of legal entity, you need a tradename that complements your business. Make sure to confirm the proposed tradename’s availability and acceptability with the Free Zone Authority. A few key requirements for a tradename include:

  • Not contravening the country’s public morals or policy.
  • Endeavoring to include the company’s legal form.
  • Ensuring uniqueness and compatibility with the desired business activity and legal status.
Step 3. Securing the Right License

Having zeroed in on your business activity, the next step is applying for an appropriate license. JAFZA offers a variety of licenses like:

  • Trading license: Facilitates import, export, distribution, and storage of specified items.
  • Service license: Permits the conduct of services specified in the license within the Free Zone.
  • Industrial license: Grants permission to import raw materials, manufacture specified products, and export the finished goods.
Step 4. Selecting the Ideal Office Space

Ensure a concrete presence in JAFZA by getting the best suitable office space and locking it in with a tenancy contract.

Step 5. Securing Pre-Approvals and Registrations

Ensure you have met the essential approvals and submitted all the relevant documents as per the business’ nature, type of company, and Free Zone Authority’s requirements. A few steps include attaining an initial approval certificate, which primarily permits the continuation of licensing formalities. Furthermore, the registration of business name and paying the required fees is mandatory.

Prerequisites for Company Formation in JAFZA

To initiate a company in JAFZA, it’s essential to understand the basic needs:

  • Shareholders: A company should have a minimum of one shareholder – individual or corporate. Regular shareholders’ meetings should be conducted, with meticulously maintained minutes ensuing all proceedings of meetings.
  • Directors: A company needs minimum of two directors, corporate directors are not allowed.
  • Secretary: Every company needs a secretary, appointed by shareholders for a term defined by them.
  • Annual auditing and accounts maintenance: All businesses are required to keep records of accounts from their creation date.

JAFZA Business Setup Services

Understanding and maneuvering through the JAFZA rules and regulations for business setups is vital. Offshore Company Register – International Corporate Service Provider, ranked as one of the leading consultants in UAE, facilitates business entities to establish their foundation seamlessly in this Free Zone.

Crypto Traders Hedge Bitcoin Rally After 40% Rise in 4 Weeks, Options Data Show

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Some traders have started buying puts to protect against a potential correction, according to Greeks.Live.

Bitcoin’s (BTC) recent near-vertical rise has some traders seeking protection against a potential leverage washout and price pullback.

The leading cryptocurrency by market value topped $59,000 on Wednesday, marking a 40% rise in four weeks and outpacing a 31% rally in the CD20, a gauge of the wider crypto market. The advance is consistent with the cryptocurrency’s record of chalking out impressive rallies in the weeks leading up to the mining reward halving. The Bitcoin blockchain’s fourth halving, due in April, will reduce the per-block emission to 3.125 BTC.

While the consensus is that that event, coupled with the strong inflows into the U.S.-based exchange-traded funds (ETFs), implies a supply-demand imbalance and potential for a continued move higher, some traders have started to position for a sharp decline. They have begun snapping up bitcoin puts, or options to sell, at strike prices well below the going market rate because perpetual funding rates point to a market that’s overheated and may witness a correction, a drop of more than 10%.

A put option gives the purchaser the right, but not the obligation, to sell the underlying asset at a predetermined price on or before a specific date. A put buyer is implicitly bearish on the market or is seeking a downside hedge to a long position in the spot/futures market. A call buyer, who has the right to buy the asset, is implicitly bullish.

“The whales are buying a lot of puts under $50,000, likely spot holders to protect profits,” crypto block trading service provider Greeks.Live told CoinDesk in a Telegram chat, referring to owners of large amounts of bitcoin.

In the past 24 hours, over 50 block orders with a notional value of more than $5 million have crossed the tape on Greeks.Live. Of these, several are active buy positions in the lower strike out-of-the-money puts.

“This market phenomenon is relatively rare, occurring only a few times in history in large spot-driven bull markets where spot holders buy puts for protection,” Greeks.Live said. “While holding spot to get the most explosive acceleration of the bull market topped out, while a small portion of the profit will be taken out to buy OTM puts.”

Bitcoin Surges Above $59K as Bull Rally Continues

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The “fear and greed” index reading is now at 87, a sign of “extreme greed.”

Bitcoin (BTC) surged above the $59,000 level in European morning hours on Wednesday, adding 5% in the past 24 hours and reaching a $1.2 trillion market capitalization.

The price spike came as spot bitcoin exchange-traded funds (ETFs) recorded over $3 billion in cumulative trading volumes on Tuesday, contributing to demand. Some traders also pointed to the bitcoin halving event, expected in April, as a new narrative that causes a pre-halving rally.

Meanwhile, the broader CoinDesk 20 index (CD20) jumped nearly 3%.

Futures bets on lower bitcoin prices took on $25 million in liquidations since Asian morning hours, Coinglass data shows, which may have contributed to the price spike.

Elsewhere, major tokens ether (ETH), Solana’s SOL and XRP gained as much as 3% since Asian morning hours, CoinGecko data shows.

Meanwhile, the fear and greed index, a sentiment metric that tracks the rate of change in asset movement against inherent fundamentals, flashed 82 on Wednesday – implying extreme greed and reaching the highest such level in over a year.

The index is rated on a scale of 0-100, with 0 being the most fearful and 100 being the most greedy. A greedy environment is considered a sign of euphoria, which “means the market is due for a correction,” the index’s developers say.

Traders remain unfazed, however, with some expecting bitcoin to cross its previous highs of $69,000 in March.

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