Monday, May 16, 2022

Moving from self-destruct to self-care | Mental Health Foundation

Moving from self-destruct to self-care | Mental Health Foundation


https://www.mentalhealth.org.uk/blog/moving-self-destruct-self-care

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News from around the world

Dell Stock seems very stable right now

I would buy it and hold onto it for we need computers to do the work that we do and DEll is one of the most worldwide known brands.

Re: Crypto’s $1 Trillion Meltdown | Worthless Stablecoin


as you can see bitcoin is not dead and is not getting crushed like the market would make you believe that it is experiencing

Also: How To Buy Bitcoin At 26% Off The Regular Price
Forbes Crypto Confidential
UNSTABLE STABLECOIN

What. A. Week. TerraUSD (UST), a cryptocurrency designed to always be worth $1, lost its peg to the dollar, falling to as low as 13 cents. UST's sister asset, LUNA, worth $119.22 at its peak collapsed to almost $0 on Thursday. As of Friday morning, the token's market capitalization stands at less than half a million dollars—a dramatic fall from $28 billion just a week ago.

So, what happened?

Last weekend, UST started to deviate from the peg as macro uncertainty continued to mount in light of the Fed's 50bps interest rate increase and plunges in both stock and cryptocurrency markets. Investors' loss of confidence in the asset appears to have triggered billions in withdrawals from the Anchor Protocol, a lending market that offered yields as high as 20% to users who deposit UST.

Conspiracy theories started to spread like wildfire. The most popular rumor claimed that asset manager BlackRock and hedge fund giant Citadel Securities jointly borrowed 100,000 bitcoin (worth about $3 billion at current prices) from cryptocurrency exchange Gemini to purchase UST, only to dump it later causing the market to collapse. All three companies denied their involvement.

The Terra blockchain, which supports UST and LUNA, halted twice on Thursday as the entities responsible for verifying transactions on the blockchain were looking to "come up with a plan to reconstitute" the network. Binance, the world's largest crypto exchange, suspended spot trading for LUNA and UST against its own stablecoin BUSD.

"In just a couple of days, the cryptocurrency market lost $300 billion in market capitalization. In total, the cascading liquidations wiped away almost $1 trillion worth of value in a month. Additionally, the world's largest stablecoin and a centerpiece of global cryptocurrency trade, Tether, which unlike Terra claims to back its tokens with actual dollar reserves, also slipped away from its $1 peg on Thursday."

On Friday morning, cryptocurrencies started to recover, with bitcoin returning to the $30,000 mark and ether and other heavyweights posting double-digit percentage gains.
COINBASE'S TOUGH QUARTER

Shares of Coinbase Global (COIN), the largest cryptocurrency exchange in the U.S., plunged more than 20% on Wednesday morning to approximately $56 after the company reported its first quarterly loss amidst declines in revenue and trading volume. The firm's first-quarter revenue slumped to $1.17 billion, below Wall Street's expectations of $1.48 billion. The exchange's total trading volume shrank from $547 billion in the fourth quarter of 2021 to $309 billion. Following the earnings release, several investment firms cut their price target on Coinbase's stock but maintained their "buy" ratings and expressed confidence in the company's long-term success. In a notable exception, Goldman Sachs downgraded it from "buy" to "neutral," lowering its 12-month target for the stock from $240 to $80. As of early Friday, COIN has recovered and is trading at $72.56.
Source: Forbes Digital Assets, powered by Nomics.  Prices as of 4:00 p.m. on May 13, 2022.
The True Value Of Cryptocurrencies
 The geopolitical strife taking place in Ukraine has once again underlined the true value proposition of digital currencies that are secure, censorship resistant and easily transportable. To get in-depth research, interviews, trading signals and other valuable information unavailable anywhere else subscribe to Forbes CryptoAsset & Blockchain Advisor.
Get Forbes CryptoAsset & Blockchain Advisor
BLOCKCHAIN 50 SPOTLIGHT

FTX: Led by 29-year-old Sam Bankman-Fried, the world's richest crypto billionaire (net worth: $21.2 billion), FTX dominates the hypercompetitive crypto exchange landscape. It handles some 10% of the $3.4 trillion face value of derivatives (mostly futures and options) traded by crypto investors each month. FTX pockets 0.02% of each of those trades on average, good for around $750 million in nearly risk-free revenue—and $350 million in profit. Additionally, the company hauled in a record $1.5 billion in private funding last year, rocketing its valuation from $1.2 billion to $25 billion. Eager to become a household name, FTX is spending hundreds of millions of dollars on marketing, signing up a slew of celebrity brand ambassadors including Tom Brady, David Ortiz and Kevin O'Leary.  
ELSEWHERE
Terra Disaster Fuels Congressional Work On Stablecoin Legislation [The Block]

FTX Founder Sam Bankman-Fried Buys 7.6% Stake in Robinhood [The Wall Street Journal]

Nomura Starts Trading Crypto Derivatives, Joining Rivals Goldman, JPMorgan [CoinDesk
Steven Elrich
Nina Bambysheva
Reporter
Forbes Money & Markets
Follow us on Twitter & Facebook


Fwd: Google Alert - nft


You can see that across most of the big tech stocks that all of them have stopped dropping and are moving even the least bit up in the right direction, which should say that we are safe as far as tech stocks are going to not die out or anything crazy like that. Pay attention to how all the dips have stopped in the stocks. For coins that almost died, as the motion from what Bitcoin has showed us in the past, these are just the huge swings of something that can move in any direction like crazy. Not sure why the tech bubble burst, but it seems by that numbers and the directions that we have seen the worst and you shouldnt worry about your teck stocks. I would call it a buy now as far as tech is doing because we want to buy low and sell hgih, right? if you were a day trrader, what would you do? and what about if you were a portfolio manager, would you agree with me that now is the time to buy all tech stocks, as they have shown the end of the drops. Blessings,
Google
nft
As-it-happens update May 13, 2022
NEWS
Pioneering Audio Art NFT Project Featuring Tom Hiddleston To Be Released - Forbes
The Masters Audio Art Collection are a collection of artistic creativity transported into NFTs. The first feature of the collection is Marvel star ...
Facebook Twitter Flag as irrelevant
Putting the Intangible into Your NFT Project - Entrepreneur
Thousands of buyers are investing millions of dollars into non-fungible tokens (NFTs). While skeptics claim it's a fad, the vast volume of sales ...
Facebook Twitter Flag as irrelevant
Arrest Video Shows Ezra Miller Claiming 'I Film Myself When I Get Assaulted for NFT Crypto Art'
In a video of their March arrest in Hawaii, 'The Flash' actor Ezra Miller claimed they film clips when they're assaulted to sell as "NFT crypto ...
Facebook Twitter Flag as irrelevant
New York City Climbers Are Selling NFTs to Finance a New Gym - Outside Online
New York City Climbers Are Selling NFTs to Finance a New Gym. Chalk Plant hopes to raise funds through Web3 technology to build a climbing space ...
Facebook Twitter Flag as irrelevant
Madonna breaks silence on getting ridiculed by internet over her NFT - The News International
Madonna, who was recently ridiculed over her 'creepy' NFT videos, took the charge to defend the thought process behind the artistic expression of ...
Facebook Twitter Flag as irrelevant
Madonna hits back over X-rated new career move - News.com.au
Madonna isn't hung up on criticisms about her body-baring NFT. ... Madonna reveals fully nude NFTs and a 3D model of her vagina.
Facebook Twitter Flag as irrelevant
Madonna defends NFT featuring 3D-model of her vagina | indy100
Madonna, 63, has defended her nonfungible token (NFT) that features a 3D model of her vagina.The pop icon worked with the NFT artist Beeple to ...
Facebook Twitter Flag as irrelevant
the tech bubble seems to have stopped bleeding - Search (bing.com)

Sunday, May 15, 2022

Fwd: Crypto’s $1 Trillion Meltdown | Worthless Stablecoin

What does this mean for Bitcoin? How has it fared during this "meltdown".


Also: How To Buy Bitcoin At 26% Off The Regular Price

Also: Bitcoin Trailblazer Raises Capital To Create Interplanetary Cryptocurrency

Forbes Crypto Confidential

UNSTABLE STABLECOIN

What. A. Week. TerraUSD (UST), a cryptocurrency designed to always be worth $1, lost its peg to the dollar, falling to as low as 13 cents. UST's sister asset, LUNA, worth $119.22 at its peak collapsed to almost $0 on Thursday. As of Friday morning, the token's market capitalization stands at less than half a million dollars—a dramatic fall from $28 billion just a week ago.

So, what happened?

Last weekend, UST started to deviate from the peg as macro uncertainty continued to mount in light of the Fed's 50bps interest rate increase and plunges in both stock and cryptocurrency markets. Investors' loss of confidence in the asset appears to have triggered billions in withdrawals from the Anchor Protocol, a lending market that offered yields as high as 20% to users who deposit UST.

Conspiracy theories started to spread like wildfire. The most popular rumor claimed that asset manager BlackRock and hedge fund giant Citadel Securities jointly borrowed 100,000 bitcoin (worth about $3 billion at current prices) from cryptocurrency exchange Gemini to purchase UST, only to dump it later causing the market to collapse. All three companies denied their involvement.

The Terra blockchain, which supports UST and LUNA, halted twice on Thursday as the entities responsible for verifying transactions on the blockchain were looking to "come up with a plan to reconstitute" the network. Binance, the world's largest crypto exchange, suspended spot trading for LUNA and UST against its own stablecoin BUSD.

"In just a couple of days, the cryptocurrency market lost $300 billion in market capitalization. In total, the cascading liquidations wiped away almost $1 trillion worth of value in a month. Additionally, the world's largest stablecoin and a centerpiece of global cryptocurrency trade, Tether, which unlike Terra claims to back its tokens with actual dollar reserves, also slipped away from its $1 peg on Thursday."

On Friday morning, cryptocurrencies started to recover, with bitcoin returning to the $30,000 mark and ether and other heavyweights posting double-digit percentage gains.

COINBASE'S TOUGH QUARTER

Shares of Coinbase Global (COIN), the largest cryptocurrency exchange in the U.S., plunged more than 20% on Wednesday morning to approximately $56 after the company reported its first quarterly loss amidst declines in revenue and trading volume. The firm's first-quarter revenue slumped to $1.17 billion, below Wall Street's expectations of $1.48 billion. The exchange's total trading volume shrank from $547 billion in the fourth quarter of 2021 to $309 billion. Following the earnings release, several investment firms cut their price target on Coinbase's stock but maintained their "buy" ratings and expressed confidence in the company's long-term success. In a notable exception, Goldman Sachs downgraded it from "buy" to "neutral," lowering its 12-month target for the stock from $240 to $80. As of early Friday, COIN has recovered and is trading at $72.56.

Source: Forbes Digital Assets, powered by Nomics.  Prices as of 4:00 p.m. on May 13, 2022.

The True Value Of Cryptocurrencies

 The geopolitical strife taking place in Ukraine has once again underlined the true value proposition of digital currencies that are secure, censorship resistant and easily transportable. To get in-depth research, interviews, trading signals and other valuable information unavailable anywhere else subscribe to Forbes CryptoAsset & Blockchain Advisor.

Get Forbes CryptoAsset & Blockchain Advisor

BLOCKCHAIN 50 SPOTLIGHT

FTX: Led by 29-year-old Sam Bankman-Fried, the world's richest crypto billionaire (net worth: $21.2 billion), FTX dominates the hypercompetitive crypto exchange landscape. It handles some 10% of the $3.4 trillion face value of derivatives (mostly futures and options) traded by crypto investors each month. FTX pockets 0.02% of each of those trades on average, good for around $750 million in nearly risk-free revenue—and $350 million in profit. Additionally, the company hauled in a record $1.5 billion in private funding last year, rocketing its valuation from $1.2 billion to $25 billion. Eager to become a household name, FTX is spending hundreds of millions of dollars on marketing, signing up a slew of celebrity brand ambassadors including Tom Brady, David Ortiz and Kevin O'Leary.  

ELSEWHERE

Terra Disaster Fuels Congressional Work On Stablecoin Legislation [The Block]

FTX Founder Sam Bankman-Fried Buys 7.6% Stake in Robinhood [The Wall Street Journal]

Nomura Starts Trading Crypto Derivatives, Joining Rivals Goldman, JPMorgan [CoinDesk

Steven Elrich
Steven Ehrlich
Editor 

Forbes CryptoAsset & Blockchain Advisor

Steven Elrich
Nina Bambysheva
Reporter
Forbes Money & Markets

Follow us on Twitter & Facebook



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