A Thai lawmaker is seeking a court order to shut down Facebook in the country by the end of the month, accusing the platform of supporting fraudulent investment schemes.
Thailand’s Ministry of Digital Economy and Society (DES) has told Meta’s (META) Facebook to curb the number of fraudulent crypto investment scams being advertised on the site, or risk being expelled from the country.
These fraudulent ads have affected more than 200,000 people, according to a statement published on the Ministry’s website. Chaiwut Thanakmanusorn, the Minister in charge of DES has asked a Thai court to prepare an order that would shut down Facebook by the end of the month if the platform doesn’t comply.
Over the course of three years, Facebook (now known as Meta) has gradually eased its restrictions on cryptocurrency and blockchain-related advertisements, CoinDesk has previously reported, broadening the criteria and accepted regulatory licenses for running such ads.
In March 2022, the company was sued by the Australian Competition and Consumer Commission for allegedly engaging in false, misleading, or deceptive conduct by publishing scam crypto ads linked to prominent Australian celebrities.
Test blocks on the network are processing as normal after developers blamed the earlier stoppage on unprecedented demand.
Shiba Inu developers are slowly working towards a Shibarium network reopening by monitoring validator data and transactions days after a much-hyped network launch was marred by network issues and a faulty bridge.
In a post early Tuesday, the project’s key developer, who goes by Shytoshi Kusama, said the network was “almost ready to reopen to the public” and had mechanisms in place to prevent an outage repeat.
“After two days of testing and tweaking parameters to achieve “ready” state Shibarium is now enhanced and optimized,” Kusama said. “As mentioned it is still in testing, but producing blocks.”
“Moreover, we have enabled a new monitoring system and additional fail-safes including rate limiting at the RPC level and auto server reset in case we get a huge level of traffic again,” he added.
Shibarium is an Ethereum layer-2 network that uses SHIB tokens as fees in what is part of a broader plan to position Shiba Inu as a serious blockchain project. It is said to have a focus on metaverse and gaming applications while finding use as a cheap settlement for DeFi applications built atop it.
A testing period for Shibarium saw significant success, with millions of wallets participating and conducting some 22 million transactions over a four-month period.
But last week’s launch quickly fizzled out. Transactions on the network were stalled for at least eleven hours shortly after going live, with millions of dollars stuck on a bridge, or a tool that transfers tokens between different networks. SHIB prices plunged 10% at the time.
Developers responded to the outage stating that “there was no bridge issue” and that the problem occurred following an unprecedented mass influx of transactions from users. They claimed servers failed as users overloaded the network with transactions – much higher than the handling capacity of those servers.
The network was later closed to the public and is set for a reopening now that these errors are supposed to be fixed. As such, developers are already allowing validators – or entities who provide computing resources to process network transactions – to start taking initial steps for the reopening.
“Tomorrow additional validators will go live, giving even more options for you to stake BONE for a share of the rewards,” Kusama wrote in Tuesday’s update. “Testing will wrap up, and we will prepare for public consumption once again.”
SHIB prices were down 4.3% in the past 24 hours, CoinGecko data shows.
Ngày 7/7 âm lịch là ngày Lễ Thất Tịch, một trong những ngày quan trọng được nhiều người trẻ quan tâm bởi lịch sử và ý nghĩa đặc biệt của nó. Mặc dù có nguồn gốc rất cổ xưa, ngày Lễ Thất Tịch vẫn tiếp tục thu hút sự chú ý của giới trẻ.
Ngày Lễ Thất Tịch là ngày nào và nghĩa là gì?
Ngày Lễ Thất Tịch rơi vào ngày 7/7 âm lịch hàng năm và có nguồn gốc lịch sử và văn hóa quan trọng. Nó còn được gọi là Tết Ngâu hoặc Ngày Ông Ngâu Bà Ngâu. Mặc dù có tên gọi khác nhau tùy theo từng nền văn hóa, ngày này mang ý nghĩa sâu sắc trong lịch sử và văn hóa của nhiều quốc gia.
Ngày Lễ Thất Tịch và danh sách những việc nên và không nên làm
Dù được coi là một ngày đặc biệt, ngày Lễ Thất Tịch không chỉ là một lễ hội truyền thống mà còn có những ý nghĩa văn hóa sâu xa. Dành thời gian để cùng Vietnam Insider tìm hiểu những việc nên làm và không nên làm trong ngày này cũng là một phần quan trọng trong việc hiểu rõ hơn về tâm hồn và quan điểm của các thế hệ trước đây.
Những việc nên làm trong ngày Lễ Thất Tịch
Ăn chè đậu đỏ cầu nhân duyên: Thói quen ăn chè đậu đỏ và các món từ đậu đỏ vào ngày 7/7 âm lịch bắt nguồn từ giới trẻ Trung Quốc và đã lan rộng sang nhiều quốc gia khác, trong đó có Việt Nam. Đậu đỏ mang ý nghĩa cầu mong đường nhân duyên thuận lợi, giúp đối tượng độc thân “thoát ế” và tạo sự gắn kết vững chắc cho những cặp đôi đã có.
Đi chùa cầu duyên: Tháng 7 âm lịch thường là thời gian người dân thường thực hiện các hoạt động tôn thờ và lễ chùa. Đối với giới trẻ, ngày Lễ Thất Tịch cũng là dịp để họ thăm chùa, cầu mong uyên ương và tình duyên bền vững. Niềm tin rằng việc đi lễ chùa có thể giúp ước nguyện của họ được hiện thực hóa.
Tặng quà cho người thương: Hành động tặng quà thể hiện tình cảm và lòng thành của người tặng, đồng thời thể hiện mong muốn có mối quan hệ bền lâu với người nhận. Món quà này không chỉ là biểu hiện tình cảm, mà còn là dấu hiệu sẵn sàng gắn bó trong tương lai. Nếu có thẻ tín dụng hoặc thẻ ghi nợ nội địa của Ngân hàng MSB, bạn có thể mua quà online trên sàn thương mại điện tử hoặc các trang facebook… để tận dụng nhiều chương trình khuyến mãi, hoàn tiền mà ngân hàng này đang áp dụng nhé.
Những việc không nên làm trong ngày Lễ Thất Tịch
Tổ chức dạm hỏi, làm đám cưới: Dù tình yêu của Ngưu lang Chức nữ trong truyền thuyết là đẹp đẽ, nhưng các cuộc hôn nhân trong câu chuyện cũng gắn liền với nước mắt và đau khổ. Vì thế, ngày Lễ Thất Tịch thường không được coi là thời điểm thích hợp để tổ chức dạm hỏi hoặc làm đám cưới, để tránh bị chia cắt trong hôn nhân.
Xây, sửa nhà: Với những người đã có gia đình, ngôi nhà đại diện cho tình thân và ấm no. Nhiều người tin rằng việc khởi công xây nhà, sửa nhà trong ngày Lễ Thất Tịch có thể mang lại kết quả không tốt cho mối quan hệ gia đình.
Ý nghĩa của việc ăn đậu đỏ trong ngày Lễ Thất Tịch
Ngày Lễ Thất Tịch, đặc biệt là đối với giới trẻ độc thân, thường được kết hợp với việc ăn các món từ đậu đỏ. Điều này xuất phát từ quan niệm của nhiều nền văn hóa phương Đông, cho rằng đậu đỏ mang lại sự may mắn và hạnh phúc.
Hành động ăn đậu đỏ trong ngày này cũng thể hiện sự hy vọng vào mối quan hệ tình yêu trong tương lai, làm cho niềm tin vào tình duyên trở nên thú vị và phong phú hơn.
In the world of financial markets, keeping an eye on key indicators and using effective trading strategies is essential for success. In this article, we’ll explore recent trends in the VN-Index, analyze the performance of specific stocks, discuss recent moves by the People’s Bank of China (PBOC), and delve into a trading strategy for derivative securities.
1. VN-Index Analysis: Potential for Recovery
The VN-Index recently formed a balanced candlestick pattern known as a “Spinning Top” above the EMA50 support at 1.175 points. This formation suggests the possibility of a potential rebound towards the 1.195-1.200 point range. However, should the VN-Index close below the EMA50 support, it could continue its downward momentum with the next support level anticipated at 1.140 points.
2. EIB Stock Performance: A Cautionary Signal
During the beginning of the trading week, EIB exhibited a sideways movement. It closed below both the EMA10 and EMA20 lines within the range of 23,200-23,700 points. This maintained a negative technical signal following a significant drop the previous Friday. Consequently, considering the negative signals, it might be prudent to consider profit-taking for EIB.
3. DRC Stock Analysis: Mixed Signals
DRC experienced a notable decline during the previous Friday’s trading session, accompanied by high trading volume and breaching our adjusted stop-loss threshold at 22,800 points. Although a slight recovery was observed the following day, DRC closed below the EMA50 resistance at 22,600 points, indicating the persistence of a downward trend. In light of this, profit-taking for DRC could be a viable strategy.
4. People’s Bank of China’s Interest Rate Adjustment
The People’s Bank of China (PBOC) recently took measures to support the economy amid signs of weak consumer spending and emerging instability in the real estate market. PBOC reduced the one-year basic lending rate by an additional 10 basis points to 3.45%, down from 3.55%, in an effort to ease borrowing costs for businesses. Meanwhile, the five-year lending rate was maintained at 4.2%.
5. Derivative Securities Trading Strategy
For traders engaged in derivative securities, a clear strategy is crucial. Here’s a proposed trading strategy for contract F2309:
a. Analysis:
The F2309 contract has been oscillating within the range of 1,185-1,200 points. It closed below the Fibonacci resistance at 1.196 points without indicating a clear trend.
b. Strategy:
Buy (B) at 1,185 points.
Target Price (TP): 1,200 points.
Stop Loss (SL): 1,180 points.
Staying informed about market trends and adopting well-thought-out trading strategies are vital for navigating the complexities of the stock market. While recent market movements and indicators provide insights, remember that trading involves risks, and decisions should be made based on a comprehensive understanding of market dynamics.
In a world brimming with possibilities, there’s nothing more rewarding than transforming a passion for kids’ products into a flourishing business venture.
The allure of Made-in-Vietnam items has been on the rise, capturing the hearts of consumers seeking authenticity and quality.
In this article, we’ll explore five promising business ideas that cater to this demand, allowing you to turn play into pay.
Made-in-Vietnam: A Growing Demand for Made in Vietnam
As the global market shifts towards embracing locally-made products, the allure of authenticity shines brighter than ever. Vietnamese products have earned a reputation for their craftsmanship, innovation, and high-quality with safety principles.
This fact presents a compelling opportunity for entrepreneurs to explore these unique business ventures. If you wish to look for Vietnam manufacturers and locate sources, you can check this guide on how to get started.
Top 5 Product sourcing examples Made in Vietnam
Let’s explore the 5 product sourcing examples that can be done in Vietnam and exported to western markets.
The demand for children’s products that stimulate both fun and learning is at an all-time high. This opens the door to creative business ideas that involve crafting educational toys and games. Collaborating with local educators and child development experts can further enhance the value of your products.
There are some suggestions for educational Toys and Games.
Wooden Building Blocks with Math Concepts: Create sets of wooden building blocks featuring numbers, mathematical symbols, and shapes. These blocks can be used to teach basic math concepts through hands-on play, helping children develop their numeracy skills while having fun.
DIY Craft Kits with Cultural Themes: Develop do-it-yourself craft kits that introduce children to the culture and traditions of a specific contry. These kits could include materials and instructions for making traditional crafts like lanterns, masks, or origami, providing an educational and artistic experience.
Bilingual Word Puzzle Games: Design word puzzle games that help children learn vocabulary in 2 languages. These games could include crosswords, word searches, or matching games, making language learning enjoyable and interactive.
2. Crafting Unique Figurines and Dolls
In the world of imaginative play, toys become cherished companions that ignite young minds. Designing customizable figurines allows children to bring their dreams to life, while dolls representing a specific country’s culture celebrate diversity and heritage. Storytelling kits provide a gateway to creativity and imagination. By promoting inclusivity and cultural appreciation through your products, you’ll create a meaningful connection with your audience.There are some ideas for Crafting Unique Figurines and Dolls.
Customizable Doll Kits: Design doll kits that allow children to personalize their dolls, from choosing hairstyles to clothing. This enhances creativity and provides a sense of ownership over their toys.
Nature-Inspired Figurines: Create figurines of local animals and plants, showcasing Vietnam’s biodiversity. These toys can encourage an appreciation for nature and environmental conservation
3. Trendy high-quality Clothing
Trendy and high-quality children’s clothing with a range of diverse designs has gained significant demand. Incorporating environmentally conscious materials and sustainable production methods will appeal to mindful consumers who value both the style and the excellence of the products.
By crafting garments that deeply connect with a variety of designs and uphold top-notch quality, you’ll capture the attention of fashion-conscious parents everywhere. There are some made-in-Vietnam clothing types:
Denim Essentials: Offer high-quality denim jeans, jackets, and skirts with stylish cuts and finishes. Embellish them with unique embroidery, patches, or distressing for added flair.
Sleepwear: Comfortable pajamas, nightgowns, and sleep sets that ensure a good night’s rest
Organic Cotton Apparel: clothing made from certified organic cotton that is grown without synthetic pesticides or fertilizers.
4. Shoes made in Vietnam
Vietnam has become a prominent hub for shoe manufacturing, fusing traditional craftsmanship with modern methods. Global footwear brands are drawn to its skilled workforce and cost-effectiveness.
From bustling urban centers to kids footwear, shoe manufacturing is a significant contributor to Vietnam’s economy. The process involves a combination of manual dexterity and technological precision, where artisans meticulously cut, stitch, and assemble various components to create high-quality shoes.
This industry showcases Vietnam’s ability to harmonize heritage and innovation to meet global market demands effectively.
Children’s spaces are more than rooms; they’re realms of wonder and imagination. Designing unique kids’ furniture that combines functionality with creativity can transform ordinary spaces into whimsical wonderlands. Prioritize ergonomic design and child safety to craft products that bring joy and comfort to kids and parents alike. Some of suggestions for this sector:
Customizable Wall Decals: Offer removable wall decals with various themes, allowing kids to personalize their room decor without causing damage to walls.
Wooden furniture: Create the wooden kid furniture with various types, safe designs and high quality such as wooden chairs, beds, desks, slides, swings, etc.
Tips about starting an import / export business from Vietnam
As you embark on your journey to find the best sourcing examples from Vietnam manufacturers for exports, navigating the sourcing landscape requires careful planning and strategic execution. There are some essential tips for you :
Understand consumer preferences and trends through comprehensive market research;
Carefully select the high quality materials with and strictly follow the safe principles in designs to protect children’s well-being, ensure regulatory compliance from manufacturers having certificates following high production standards;
Producing children’s items in Vietnam, benefiting from reduced labor and production expenses, has the potential to decrease costs substantially while upholding product excellence. However, it is essential to understand the market insights and work with reliable sourcing agents for informed decision-making and long-term business success.
If you’re a newcomer to sourcing products in Vietnam, you can:
– Acquire valuable insights and strategies from seasoned sourcing agents in Vietnam;
– Tap into a vast network of over 3,000 manufacturers;
By adopting these steps, you can enhance the efficiency of your product sourcing endeavors in Vietnam.
In a world where creativity knows no bounds, these five unique business ideas for Made-in-Vietnam kids’ products provide a huge potential for your business progress. Embracing with tips for success such as Thorough Market Research, quality and safety priority and cost optimization by sourcing will be considered as key factors for long-term business success.
Bitcoin fell over 10% last week as the yield on the 10-year inflation-indexed security rose to the highest since 2009.
Bitcoin (BTC) and the U.S. inflation-adjusted bond yield are again moving in opposite directions, exhibiting the strongest negative correlation in four months.
The 30-day correlation coefficient between bitcoin and the 10-year U.S. inflation-indexed security turned negative this month, declining from +0.28 to -0.72, a level last seen in April, according to charting platform TradingView. A reading of 1 implies assets are moving in lockstep, and -1 suggests the opposite.
The current reading indicates the renewed influence of traditional finance and macro factors on the bitcoin price. The negative correlation broke down in July amid optimism over the possible approval of a spot ETF.
Treasury inflation-indexed securities are indexed to inflation – the non-seasonally adjusted U.S. city average of all items consumer price index for all urban consumers. The Bureau of Labor Statistics publishes the data. The yield on these securities is called real or inflation-adjusted yield.
When real yields are negative, investors tend to seek returns from high-risk alternatives like technology stocks and cryptocurrencies, as we saw in the year following the coronavirus-induced crash of March 2020. When real yields are positive and rising, investors feel encouraged to invest in fixed-income securities.
The yield on the 10-year U.S. inflation-indexed security rose to 1.97% last week, the highest since February 2009.
Bitcoin, the leading cryptocurrency by market value, fell over 10%, registering its most significant weekly decline since early November. Gold, known to have an inverse relationship with real yields, fell more than 1%, its fourth straight weekly decline, and Nasdaq dropped 2.22%.
The outlook for risk assets, in general, has worsened due to hardening real yields, rising energy costs, concerns about China’s economy and major central banks’ commitment to keep borrowing costs higher.
The latest proposal will see the debtors include the U.S. Trustee as a noticed party and reduce the maximum settled value for claims from the earlier $10 million to $7 million.
Bankrupt crypto exchange FTX’s debtors have revised their motion for settlement after the U.S. Trustee objected to an earlier motion, according to a court filing Sunday.
Despite criticizing the U.S. Trustee as the “sole objector to the Motion” seeking to “inject itself into a routine settlement process that is already adequately safeguarded by two different creditor committees,” the debtors motion said it was proposing revisions in an effort to address the concerns.
The latest proposal will see the debtors include the U.S. Trustee as a noticed party and reduce the maximum settled value for claims covered by the procedures from the earlier $10 million to $7 million. Debtors will also file monthly reports of executed settlements. Any objections from the “noticed parties” would need to be resolved or settled through an order of the court before the claim process can go through.
The two creditor committees are the Official Committee of Unsecured Creditors and the ad hoc committee of international customers.
The U.S. Trustee had objected to the earlier motion saying $10 million is far too high to constitute a “small” claim without even providing adequate notice as to the nature of the claims.
FTX, formerly the world’s third largest digital assets exchange, went bankrupt in November last year.
Hanoi is experiencing some of the most magnificent weather of the year. The weather is pleasant and bright, ideal for strolling, sightseeing, and outdoor photography. This is also an excellent opportunity to try some Hanoi cuisine. Some foods listed below are also regarded as “indispensable gifts” by people in the upcoming autumn months.
Cốm – Green rice
In Vietnamese cuisine, cốm, also known as green rice, is flattened and chewy green rice. It is not colored green, but rather immature rice kernels that have been roasted at extremely low heat and mashed in a mortar and pestle until flattened.
When the summer heat begins to fade in September, Hanoians begin to harvest and process cốm. This is also the time of year when street merchants selling cốm show up on Hanoi’s streets. The autumn present is delicately wrapped in lotus leaves.
“Eating cốm, enjoying green tea, admiring the autumn sky” has long been a special habit of the people of the capital.
In addition to enjoying it directly, people can try cốm rice-based delicacies such as cốm sticky rice, cốm cake, and cốm sweet soup, among others. Either way, you can still experience “The Taste of Autumn in Hanoi” in every grain of fragrant cốm.
Sấu chín – Ripe Dracontomelon
Ripe dracontomelon is unavoidable while thinking about autumn meals in Hanoi. In late summer and early fall, street merchants in the Old Quarter sell ripe dracontomelon fruits. If the sour green dracontomelon is used to make soup and braise duck, the ripe yellow dracontomelon has a mellow sweet taste and is popular among foodies as a snack.
Ripe dracontomelon with red chili pepper salt
The pickled dracontomelon, which is shaken with a little sugar, a little salt, and a little paprika, softly shaken for the spices to infuse, seeped into each piece of the fruit, is a typical snack of students on autumn days. The slightly sour flavor merges with the sugar and salt, while remaining crisp and crunchy, bringing in more salty, sweet, and spicy sensations to stimulate the taste buds.
Bánh trôi tàu – Floating rice cakes
When it becomes cold in Hanoi, people joyfully invite one other to eat floating rice cakes. This dish features a soft and silky crust with a soft, sweet filling within, and it is served with a light sugar syrup with a little ginger flavor. All of the tastes mingle together to create a distinct sweet and spicy sensation that rapidly wins over consumers.
Floating rice cake has 2 popular fillings: green beans and black sesame. (Photo: An Sap Hanoi)This dish will help people to warm up their bodies on cold autumn days. (Photo: An Sap Hanoi)
Chả rươi – Sandworm omelet
Rươi (Sandworm) is a water-dwelling animal with a high protein content. Rươi is processed into a variety of meals, the most popular of which is Chả rươi in Hanoi. Chả rươi is a deep-fried dish made up of sandworms, minced pork, eggs, tangerine peel, and dill. Chả rươi is served with vermicelli, fresh veggies, and a sweet and sour sauce.
Chả rươi is available all year in Hanoi, but it is most tasty from September to November of the lunar calendar, according to many gourmets, because this is the breeding season. Following that, it is normally refrigerated to be eaten gradually. Delicious Chả rươi may be found at Ô Quan Chưởng, Lò Đúc, and Hàng Bè markets, among other places.
Ốc – Snail
Snail is most likely a meal that may be eaten at any time of year. They are, however, considerably more delightful on cool, chilly days. While the snails are still hot, you may order some additional popular side dishes like pickled fruits, fried quail with tamarind, steamed clams, and so on.
There are many famous snail diners in Hanoi. (Photo: Halo Travel)
Many people choose to enjoy the autumn ambiance while sitting on the sidewalk next to a dish of hot, steaming snails. The simple and easy technique of processing distinguishes Hanoi hot snails from other sorts of snails in Saigon. Snails are cooked with lemongrass, ginger, and lemon leaves to give them a distinct flavor. The cooking procedure preserves the sweet and crunchy flavor of the snails. Snail dipping sauce contains chile and ginger. This is also the component that makes many diners flutter.
Snails usually taste better when eaten late at night. (Photo: Halo Travel)
Bún riêu – Crab Paste Vermicelli Soup
Bún riêu is a meal that Hanoians are all too acquainted with. Bún riêu is frequently served with a variety of toppings in Hanoi, including beef, pig loin, cartilage ribs, fried tofu, duck eggs, snails, and so on. Despite numerous changes, the distinct taste has not changed. This meal is loaded with nutrients, including calcium from mashed crab shells, iron from congealed pig’s blood, and vitamins and fiber from veggies.
A bowl of Bún riêu in Hanoi usually ranges from 30,000 to 50,000 VND. (Photo: An Sap Hanoi)
Mì gà tần – Chicken stew with herbs noodles soup
When it comes to foods ideal for Hanoi’s fall weather, many Gen Zers instinctively think of mì gà tần. This meal is best enjoyed late at night when the weather begins to cool.
The powerful broth with the scent of traditional herbs and wormwood is the soul of the dish, delicately seasoned to have a cool taste, and eaten with noodles and a few bean sprouts. As simple as that, the meal has become a favorite among many young people and food lovers.
Mì gà tần is often sold on the sidewalk, so it is easy to enjoy the autumn weather of Hanoi. (Photo: Lang Thang Hanoi)
Cháo sườn sụn – Pork rib porridge
Pork rib porridge is another popular dish among visitors to the old town and Dong Xuan market. Rib porridge is smooth and flexible, mashed like a powder. Cooked cartilage ribs are added to white porridge. Cháo sườn is sometimes served with quails and prawns to increase the taste.
Just a bowl of pork rib porridge is enough for you to have a warm stomach right away. (Photo: Riviu)
Cà phê trứng – Egg coffee
Egg coffee is a popular choice for autumn gatherings and meetings. A classic Hanoi drink combines the greasy taste of eggs with the warm, fragrant flavor of coffee. Enjoying egg coffee at a historic coffee shop, reading a book, or watching the flow of people on the street will round up the fall season.
On a cool autumn day, a greasy egg coffee will warm customers’ hearts.
Lòng rán – Fried pork intestine
Every autumn and winter, the pig intestine eateries in Hanoi are crowded. A dish of fried intestines is often filled with marinated and deep-fried viscera such as liver, intestines, and stomach. People can also order extra porridge or hot pot to boost the deliciousness.
Fried intestines have become a familiar dish for young people. (Photo: Halo Travel)
Market euphoria in everything artificial intelligence is still going strong, now’s to time to weigh your options.
To get an idea of just how much the markets are now putting stock into the future of Artificial Intelligence, take a look at how they’re reacting to any AI-related news. In early February, stocks of Alphabet slid 9% (or a loss of $100 billion) at one point after its conversational AI Bard produced a factual error in its maiden public demo.
AI, or Artificial Intelligence, is the biggest buzz in the markets right now and for good reason. From being used in self-driving cars to law databases and even the military, AI presents mind-boggling potential.
Not long after their launch, publicly-accessible AI programmes like chatbot ChatGPT (Chat Generative Pre-trained Transformer) or image-generating ones like DALL-E or Midjourney have already caused great interest and uproar, with camps on both sides rapidly forming and debating over ethics and creative potential of these tools.
Why Invest in AI?
Unlike other tech-based trends in recent times like the Metaverse or Blockchain technology, AI seems to show the most promise for real-world applications. In fact, it might not even be appropriate to call AI a trend. It’s been used by Ukraine to (successfully) target Russian forces in the ongoing Russian invasion and in Tesla’s self-driving software. Companies like Netflix use it in its recommendation algorithm, while others like China’s Meitu uses it to retouch and enhance photos.
The craze has already started, with a wave that has seen AI-linked stocks surging. BigBear.ai, an AI-focused software company, saw its trading volume soar 21 times virtually overnight at one point; while media outlet Buzzfeed saw its shares surge 92% after it announced plans to use AI programs to create content.
Based on a recent report from Goldman Sachs Research, it’s projected that global spending on artificial intelligence (AI) will approach $200 billion by 2025.
This growth is significant due to the small starting point, indicating substantial expansion in the AI industry. Economists Joseph Briggs and Devesh Kodnani from Goldman Sachs also foresee that investments related to AI could account for 2.5 to 4% of the U.S. GDP and 1.5 to 2.5% for other leading AI nations in the coming years, assuming their research predictions hold true.
Briggs and Kodnani’s report emphasizes the considerable economic potential of generative AI, which could boost worldwide labor productivity by over 1% each year after being widely integrated. However, to achieve transformative effects, businesses across the globe would need to make significant investments in physical, digital, and human resources. This involves adopting new technologies and overhauling business processes, with a potential global investment nearing $200 billion by 2025 to precede substantial increases in productivity.
The United States is positioned to be at the forefront of this AI revolution, potentially being among the early adopters of AI. On the other hand, countries like China and other major players in the AI field might experience a more gradual and delayed impact from these investments.
AI Stocks to Watch
Microsoft Corp: MSFT
Although OpenAI, the organization behind ChatGPT, might not have shares available for public trading, its primary investor, Microsoft, does. Microsoft, a prominent technology company, has invested $10 billion into OpenAI, valuing the organization at $29 billion. This substantial investment comes in addition to the $1 billion contributed in 2019 and an additional $2 billion in 2021. These investments have reportedly granted Microsoft a 75% ownership stake in OpenAI. Additionally, AI appears poised to become a foundational element of the company, as indicated by CEO Satya Nadella’s assertion that the AI wave will be relentless and will steer the upcoming phase of computing. Consequently, aside from ChatGPT, Microsoft’s resources and expertise will be significantly directed towards AI initiatives.
NVIDIA Corp: NVDA
The statistics indicate that the overall size of the artificial intelligence industry’s demand in 2022 is approximately $387.45 billion. It is projected to experience rapid expansion at a compounded annual growth rate of 20%. By the year 2029, this demand is anticipated to surge to $1.39 trillion. Nvidia foresees the data center business playing a significant role in driving this growth. The demand for data center GPUs from cloud service providers and supercomputer operators such as Microsoft and Oracle is increasing rapidly. According to certain predictions, sales of data center GPUs could potentially reach $30 billion by 2025, a notable increase from the $3 billion recorded in 2018. NVDA is already up more than 130% year-on-year, with analysts forecasting further growth.
Amazon.com, Inc.: AMZN
Even though there was a deceleration in internet expenditures in 2022, the e-commerce industry still holds considerable opportunities for expansion. In the previous year, online transactions constituted 19.7% of global retail sales, and this percentage is projected to reach 24% by 2026. While Amazon has been relatively silent in the AI arms race – with early efforts centered on using AI to improve customer experience – Amazon entered the AI race earlier this year with the introduction of its AI platform named Bedrock. This platform assists businesses in expanding their machine-learning models. This offering is integrated into Amazon Web Services (AWS), granting access to its in-house language models named Titan as well as collaborations with startups like Anthropic and Stability AI. Amazon is also in the process of creating its own chips, namely Inferentia and Trainium. These chips offer AWS customers an alternative means to train their large language models (LLMs) instead of relying solely on Nvidia GPUs, which are becoming progressively expensive and challenging to acquire.
Is AI a bubble?
All the outward signs of a bubble are certainly there – with investor euphoria still going strong on AI and AI-linked companies. Even key stakeholders agree, with Stability AI CEO Emad Mostaque calling AI investing to be the “biggest bubble of all time” in a call with UBS analysts.
That said, Morgan Stanley analysts have come up with some numbers that prove the contrary. The report shows that market bubbles typically experience a median growth of 154 percent in the three years leading up to their peak. However, even though the initial winners in the field of AI have gained more than 200 percent year-to-date, broader AI benchmarks have only risen by approximately 50 percent in 2023 and have not yet surpassed their highs from 2021.
Drawing from their analysis of 70 historical instances of both small-scale and large-scale bubbles over the past century, the authors of the report, Edward Stanley and Matias Ovrum, contend that AI distinguishes itself from other cycles of excessive enthusiasm due to the enduring and widespread diffusion of its technology.
Then, there’s the fact that we are nowhere in easy-money territory, a common precursor to investing bubbles. Global inflation and central bank rates are at, or just recovering from record highs, and large investors are understandably cautious with their money.
All that said, the current growth and volatility found in AI-linked tech stocks present an opportunity for trading, with proper risk management of course.
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Making the correct choices for your home will give you a good feeling. But provided the wide variety of styles, designs, and materials available on the market today, choosing equipment without enough knowledge will put you in a bad situation.
If you don’t know what garage door to choose, read this article, and make an informed decision.
Why You Should Concentrate on Picking the Appropriate Garage Door
Choosing the proper garage doors for your house is crucial, and some of the reasons are:
When you have the proper garage doors, you can walk or stay at home in safety and comfort.
The newest technology-enabled intelligent doors are very simple to use and give you easy access to your garage.
A trendy garage door may modernize the interior of your home.
Investing in garage doors will naturally increase the value of your home.
If you want to save money in the long run, investing in a high-quality door is a better option.
There are numerous high-quality and low-cost solutions available.
Benefits of Considering Professional Help
If you find the process of selecting the perfect garage door overwhelming or if you’re unsure about the installation and maintenance requirements, it’s a wise idea to seek professional help.
Garage door specialists have the expertise to assess your specific needs and recommend the most suitable door type, materials, and features. They can also ensure proper installation, which is essential for the door’s functionality and longevity.
Additionally, you don’t have to think of maintenance and repair as disadvantages because you can work withSacramento garage door repair specialists who can assist you with door type selections, door repatriation, and maintenance. As we discussed in Sacramento, San Francisco, and other locations, you can locate the greatest professionals in your city.
You may make an even more educated selection and ensure that your investment will serve you well for years to come by consulting with pros.
Types of Garage Doors to Consider
In this section, you can learn more about door types and then choose the best garage door based on your preferences:
Factor: Door Materials
If you are unsure about which door to choose based on the materials, we will provide some guidance:
Garage Door Made of Wood
Advantages:
You can choose wood doors to give your home a very elegant appearance.
The advantages of wood over other materials include its ability to be painted in a variety of hues and its classic appearance.
The fact that they provide better sound insulation than some other materials is another benefit of this material, and if you think about investing in wood garage doors and maintaining them, you will think about the long term because they are very durable.
Disadvantages:
Wood is heavier, and it may be necessary to use a powerful opener in order for it to function properly.
Cost is another drawback of wood materials.
Wood door installation and repair may call for specialized skills and tools. But these days, working with professionals is a smart move.
Garage Door Made of Steel
Another material that is highly recommended is steel. This content also has advantages and disadvantages of its own:
Advantages: These doors are more cost effective and have a variety of styles, colors, panel patterns, and window designs, so by choosing them, your home will have a more contemporary appearance. To avoid denting, warping, or cracking, high-quality steel garage doors are well-constructed and durable.
Disadvantages: Among the drawbacks to take into account are: Especially when struck by heavy objects like bicycles, tools, or basketballs, steel garage doors are prone to dents and dings. When opening and closing, steel garage doors can be noisier than wood ones. Steel production has an impact on the environment in terms of energy use and greenhouse gas emissions.
Garage Door Made of Aluminum
Advantages: Aluminum doors are easy to install and cheaper than other metals, they are reasonably durable and resist corrosion and rust, they require low maintenance, and they look very modern.
Disadvantages: This garage door material might not provide the same level of security as steel doors, they can also be noisy when opening and closing as steel doors, and this material might not be as long-lasting as materials like steel or wood in certain conditions.
Factor: Insulation Choices
If you take this into account, which material makes a better insulator? Let’s compare them:
The benefit of using wood is that it helps regulate indoor temperatures and is a natural insulator with moderate thermal resistance. On the other hand, steel offers insulated options, effective thermal performance, and a balance of strength, security, and insulation, while aluminum has poor natural insulation.
Insulated steel doors are typically more effective for increased energy efficiency, followed by aluminum doors with added insulation, and wood doors with moderate natural insulation.
Factor: Doors with Automated Features
The most recent technology has made life easier. Technology has an impact on almost every aspect of life today, and doors are no exception.
Remote-controlled doors, smartphone app control, timed schedules, security features, motion detection, secure locking, and other features that will undoubtedly simplify your life and keep you safe and comfortable will be made available to you soon.
Conclusion
Choosing a garage door may be a hard decision because door materials have their own advantages and disadvantages. Some doors can help keep your garage cozy with special insulation. Others can open it themselves using a remote control or your phone. So, take your time, look at your options, and choose the garage door that suits you and your home the best.
Signs indicate that Ukraine has discovered a strategy to shatter the impasse in the Russian counter-offensive, largely by neutralizing Moscow’s primary weaponry.
Nico Lange, a Ukraine specialist at the Munich Security Conference, has communicated to The Economist that Kyiv appears to be making strides in dismantling the barriers obstructing their counter-attack efforts, employing intensified assaults to disable Russian arsenals. Prominent Russian assets like the Ka-52 helicopters and self-propelled guns are in their crosshairs.
According to Lange, Ukraine’s counter-offensive has gained considerable momentum in the past fortnight as it strives to eliminate the obstacles hindering its progress.
The British Ministry of Defense previously acknowledged the instrumental role of Ka-52 helicopters in furnishing Russia with a notable edge on the battleground. London designates these aircraft as “one of Russia’s most influential weapons systems” in the Zaporizhia region, the focal point of Ukraine’s counterattack.
As per the British assessment, Russia’s advantage on the southern front in the face of enemy counter-attacks is primarily attributable to the deployment of attack helicopters armed with long-range missiles. This augmentation has bolstered the precision and effectiveness of Russian strikes against ground targets.
Visual evidence from the field reveals Russian attack helicopters launching precision missiles that devastate adversary military convoys, resulting in substantial damage.
As reported by the Eurasian Times, the Ka-52 has earned the moniker of Russia’s “foremost tank destroyer,” exemplifying its efficacy in neutralizing hostile tanks on the battleground.
However, Ukraine is pursuing the eradication of these helicopters through the use of man-portable missiles and short-range air defense systems.
Based on reports by the Oryx group, Russia might have suffered the loss of 40 Ka-52s since the onset of the conflict. Oryx functions as a platform for collating battlefield images to visually verify damage from both sides.
It’s worth noting that the aforementioned figure doesn’t account for two Ka-52 helicopters that Ukraine claims to have downed from Russia on August 17. According to The Economist, Russia possessed around 100 Ka-52 helicopters before the outbreak of the conflict; however, this number might have dwindled to approximately 25.
Russia, up until now, hasn’t responded to the figures presented by Oryx or The Economist. In the midst of a fierce conflict, it remains exceedingly challenging to accurately gauge the extent of damages sustained by both parties, especially considering both sides frequently disseminate unfavorable information about each other.
Besides targeting the Ka-52s, Ukraine is also intensifying its utilization of suicide drones, precision strikes, and cluster munitions to incapacitate Russian artillery systems.
Artillery plays a pivotal role in Russia’s “fire barrier,” a defensive line stretching over 1,000km along the frontline. Beyond minefields, anti-tank barriers, and fortifications, Russian artillery serves the dual purpose of preemptive strikes and thwarting breakthrough attempts by the adversary.
Russia frequently allows Ukrainian forces to approach the vicinity of the minefield before unleashing concentrated fire from tanks and anti-tank missiles from the flanks, catching the Ukrainian tank and armored units off-guard and increasing the risk of stumbling into a minefield. Subsequent to the destruction of Ukrainian tanks and armor, Russia proceeds to employ mortars and artillery to target the exposed infantry.
In conjunction with minefields, artillery has emerged as the primary cause of Ukraine’s most significant casualties during the 18-month-long conflict. To overcome Russia’s defensive barrier, Ukraine has been compelled to find methods to disable Moscow’s artillery assets and thus break through the adversary’s fortified position.
The General Staff of the Armed Forces of Ukraine announced on August 9 that Russian forces had forfeited 5,013 artillery systems over a span of one and a half years of hostilities.
Moreover, in a bid to counter the overwhelming firepower of the Russian side, Ukraine is not solely focusing on directly assaulting Moscow’s artillery systems, but is also progressively directing its efforts towards dismantling Russia’s artillery arsenal.
Funding rates tanked on several exchanges, indicating a steep discount in bitcoin perpetual futures.
Bitcoin DVOL, a volatility index, jumped to 48.5% from 36% in annualized terms.
Funding rates on OKX, Deribit and Bybit crashed to -10% in annualized terms.
Funding rates in bitcoin (BTC) perpetual futures listed worldwide crashed late Thursday after a sudden price slide put the recently popular short volatility bets at risk.
Perpetuals are futures with no expiry with a funding rate mechanism that helps tether perpetual prices to the index price. A negative funding rate suggests the dominance of bearish short positions, with shorts paying longs to keep their bets open. Positive rates indicate otherwise.
Funding rates on OKX, Deribit and Bybit crashed to -10% and more in annualized terms on Thursday, as bitcoin’s average price tanked to $25,392, according to data source Velo. Bitcoin DVOL, the Deribit Implied Volatility Index gauging expected price turbulence over 30 days, jumped from an annualized 36% to 48.5%.
Perhaps traders who shorted options in recent weeks, a popular strategy to profit from a continued volatility lull, sold perpetual futures to hedge mitigate risks from volatility spike, pushing perpetuals into a steep discount and adding to the price swoon.
“For BTC, option sellers were short too many put options, for more investors were previously bullish, selling put options to finance buying call options to reduce costs. So the sudden and unexpected price drop lead to hedging behavior, catalyzing deeper decline,” Griffin Ardern, volatility trader from crypto asset management firm Blofin, said.
Per some pseudonymous market observers on Twitter, the sharp discount in Deribit’s perpetual futures stemmed from the exchange selling perpetuals while liquidating a large short volatility position.
Deribit controls nearly 90% of the crypto options market. In other words, almost all volatility selling observed in recent weeks happened on Deribit. At one point late Thursday, Deribit’s BTC perpetual futures traded at a discount of $2,000 to the cryptocurrency’s average spot price across exchanges.
Lukk Strijers, chief commercial officer at Deribit, said the exchange has recently tweaked its liquidation policy, adding the steep discount in perpetual futures was negative funding rates worldwide.
“Previously, Deribit only auto-liquidated options positions using perpetual/futures when possible, which was a form of Delta hedging as the first step to manage risk. Since early August, directly closing options positions has been a part of the liquidation algorithm as well. That logic has been changed to liquidate with whichever instrument is causing the issue and, therefore, more effective,” Strijers told CoinDesk.
Creditors will have a month to mull the sale to Fahrenheit, which court filings say could see them recover 67%-85% of holdings.
Bankrupt crypto lender Celsius is to hold a vote on its plan to sell assets to the Fahrenheit consortium, after a judge on Thursday approved disclosures that suggested creditors can expect to recover 67%-85% of holdings.
Approval marks a final stepping stone on Celsius’ year-long march out of bankruptcy and the return of funds to customers, in a period which has seen widespread disruption in crypto markets and the arrest of former Chief Executive Officer Alex Mashinsky on fraud charges, which he has denied.
Chris Ferraro, now in charge of the company as interim CEO, said in an emailed statement that “we remain laser focused on creating the best outcome for customers and creditors and returning value as soon as possible,” under a Chapter 11 procedure that started in July 2022 and is being supervised by New York Bankruptcy Judge Martin Glenn.
Creditors will be sent ballots to vote on the plan, involving the sale of assets to a consortium including Arrington Capital and miner U.S. Bitcoin Corp, between Aug. 24 and Sept. 22. Returns for creditors – which will largely be done in bitcoin (BTC) and ether (ETH) – could range from 67% for Earn Account holders to 85.6% for those participating in Celsius’ Borrow Program, compared to just 47% for a liquidation of assets, court filings said.
Other crypto bankruptcy plans have seen creditors vote massively for restructuring plans. In the case of crypto lender Voyager, some 97% of creditors opted in favor of a sale to Binance.US – albeit the buyer then abruptly pulled out following legal delays.
In July, Mashinsky was arrested on charges of securities fraud, commodities fraud, wire fraud and conspiracy to manipulate the price of Celsius’ token CEL brought by multiple government agencies. The company itself was not prosecuted as it accepted responsibility and cooperated, and has said a $4.7 billion fine imposed by the Federal Trade Commission won’t affect plans to return funds to customers.
The People’s Committee of Ho Chi Minh City believes that it could potentially generate over 1.5 trillion VND per year for the city’s budget by collecting fees for temporary use of road and sidewalk space.
On August 15th, People’s Committee of Ho Chi Minh City submitted a proposal to the Standing Committee of the Ho Chi Minh City People’s Council requesting the development of a resolution to establish fees for the temporary usage of road lanes and sidewalks within the city’s jurisdiction. The proposed proposal’s content is expected to be presented to the Standing Committee of the Ho Chi Minh City People’s Council during its upcoming session.
If approved, Ho Chi Minh City could collect more than 1,500 billion VND per year for its budget. The responsibility for fee collection would be assigned to the Department of Transportation and the People’s Committee of Thu Duc and the districts, as per the decision on the transfer of road infrastructure assets.
Ho Chi Minh City stipulates 5 specific areas to apply tolls for temporary use of roadbeds and sidewalks. Photo: Ngo Tung
According to the plan, the fee levels would be calculated based on the average land prices in each area. There are five areas along road routes, districts, and central city areas where temporary road and sidewalk usage fees would be applied.
The projected fees for using road lanes and sidewalks for business purposes are set at 20,000 – 100,000 VND per square meter per month, and for parking purposes, the fees range from 50,000 – 350,000 VND per square meter per month, depending on the location of the road routes.
According to the proposal, cases requiring payment for temporary road usage include: organizing cultural activities and parking spots for cultural event-related car parking; locations for the transfer of urban waste by environmental sanitation companies; setting up parking spots for motorcycles, mopeds, and bicycles that charge for parking services.
Cases necessitating fees for using sidewalks include: organizing cultural activities (sports events, parades, festivals) and parking spots for cultural event-related car parking; utilizing sidewalks for business activities, buying, and selling goods (in accordance with the list issued by the district-level People’s Committee); establishing structures and facilities for public transportation (with user fees), installing temporary structures on sidewalks, median strips, traffic islands; setting up materials transfer points and construction waste for project implementation; arranging parking and guarding spots with parking service charges.
In the proposal submitted to the Standing Committee of the Ho Chi Minh City People’s Council, People’s Committee of Ho Chi Minh City also outlined certain cases eligible for temporary road and sidewalk usage fee exemptions, such as: organizing cultural activities, promoting the policies and plans of the People’s Committee of Ho Chi Minh City; establishing parking spots for car parking during cultural and political events; setting up structures and facilities for public transportation; installing temporary political propaganda structures, transportation-related structures on sidewalks, median strips, traffic islands…
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Track: Worlds Collide
Artists: Worlds 2015 – League of Legends (feat. Nicki Taylor)
Provided by Riot Games
