Aurelia Butler

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    in Economy

    Japan considering resuming domestic travel subsidies mid-Jan – Nikkei

    The move will ease the strain on airlines and hotels hit by shrinking travel from the coronavirus pandemic, and underscore hopes among policymakers to reflate the economy out of the doldrums through pent-up demand.The subsidies will be part of Prime Minister Fumio Kishida’s new pandemic-relief programme expected to be compiled on Friday.As COVID-19 infections began to rise, Japan halted in December a programme that used taxpayers’ money to offer domestic tourists discounts for hotels and domestic travel fees.On request from the tourism industry, the government will consider resuming the programme from mid-January or February, until around late April, the Nikkei said.The government will offer bigger discounts for travel during the weekdays compared with those on the weekend, to avoid trips being concentrated during the weekend, the paper said.It will also lower the maximum amount of discount offered per travel compared with the previous programme, the Nikkei said without citing sources.The government was not immediately available to comment.Japan’s economy likely contracted an annualised 0.8% in the third quarter as supply constraints and state of emergency curbs to combat the pandemic hit exports and consumption, according to a Reuters poll.Analysts expect consumption to pick up after the Sept. 30 end of the curbs, though slowing Chinese growth and lingering supply bottlenecks cloud the outlook for the export-reliant economy. The government will release preliminary third-quarter gross domestic product data on Monday. More

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    in Cryptocurrency

    Elon Musk dumps $1.1B in Tesla stock, NYCCoin launches with mayor’s blessing and Mastercard pushes crypto-linked cards in Asia: Hodler’s Digest, Nov. 7-13

    CoinGeckos data tracks 10,418 digital assets across 518 cryptocurrency exchanges, and the surging momentum in the latter half of 2021 comes on the back of Bitcoin (BTC), Ether (ETH), Polkadot (DOT) and Solana (SOL) all pushing past new all-time highs.Continue Reading on Coin Telegraph More

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    in Cryptocurrency

    The stablecoin boom won’t continue without decentralized interoperability

    Like all cryptocurrencies, stablecoins rely on blockchain technology to support peer-to-peer (P2P) digital transactions, giving them the bearer-instrument and final-settlement properties of cash. This underlying decentralized infrastructure holds promises such as faster transactions, lower settlement costs, enhanced transparency and increased control for end-users.Continue Reading on Coin Telegraph More

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    in Cryptocurrency

    Laura K. Inamedinova, CEO of LKI Consulting: What Does It Take to Become Successful in the Crypto Industry?

    However, there are a few things to consider when stepping into the crypto market. During an exclusive interview with DailyCoin, Inamedinova shared her journey in crypto, her experience in creating a successful B2B marketing organization, and being a businesswoman in the male-dominated crypto industry. Founded in 2015, LKI Consulting is a London-based marketing agency that focuses on crypto projects. These projects are usually technical and complex, making it difficult to reach consumers. As marketers, the company’s goal is to translate difficult-to-understand topics into simple language. This is one of the reasons why LKI Consulting takes clients who are new to the crypto scene. “We use our expertise in the field to guide clients through the process and reach their target audience. For this, we create the best marketing strategies and execute them through social media, PR, leadership, content creation, sales material creation, and design. We are extremely lucky to be working with some of the most prominent names in the industry,”
    Inamedinova told DailyCoin.Beginning a Career in CryptocurrencyDuring Inamedinova’s time in college studying physics, she realized that she didn’t feel passionate about becoming a scientist and began looking for other career opportunities, trying to find her muse in life.Inamedinova first got into marketing for tech companies. In late 2016, she moved onto working on an ICO project, which wasn’t a popular concept at the time. It turned out to be incredibly successful. With the team, Inamedinova managed to raise a couple of million dollars. “When you finish one project, others start to approach you. I can say that it was sort of an accidental transition for me. Back then, I didn’t expect to become a big part of LKI Consulting.”Becoming a Businesswoman in Crypto“I am all about empowering women, and I always support women to get into the tech and crypto industry. What I love about crypto is that as it is a new industry, it gives everyone equal opportunities to succeed regardless of their age.When I first started back in 2016, I was on the same level as someone who was in their late 40s or 50s. In other industries that are already established and more mature, you don’t have this advantage as a young person. Therefore, I am really advocating for women to come into this industry in which we have an equal playing field,”
    Inamedinova shared.The founder of the consulting agency is a big advocate of cryptocurrency investments. She started investing and making a passive income at a very early age, which gave her more opportunities to further invest and accomplish personal goals. “This is something I would suggest to everyone, especially women. I believe it is important to put it out in the world that crypto is not only for finance bros.”Getting a Degree in Blockchain“I highly recommend anyone who wants to have a tech-related career to look into Blockchain and Crypto because Crypto is here to stay,”
    Inamedinova said.“There is even one university in Cyprus, University of Nicosia, at which you can get a master’s degree in Blockchain and Digital Currency.”
    There are also other opportunities to learn about crypto. What helped Inamedinova get into Crypto was online sources such as YouTube and Twitter (NYSE:TWTR). Those with the right education, knowledge, and understanding of cryptocurrency will be frontiers of the industry.Who Is Going to Make It in the Crypto Market?According to Inamedinova, here are some characteristics of a person that can make a great career in the crypto market: “I will be trying my best to educate the masses on the unseen potential of the crypto industry and taking a stand on crypto penetration across different markets. Other than that, I guess I see myself buying a few more Birkins with profits from Bitcoin,”
    Inamedinova concluded. On The FlipsideHeadline 5Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.Why You Should Care?Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.EMAIL NEWSLETTERJoin to get the flipside of cryptoUpgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.[contact-form-7]
    You can always unsubscribe with just 1 click.Continue reading on DailyCoin More

  • 138 Shares199 Views

    in Cryptocurrency

    Limit order protocols offer more flexibility and efficiency to DEX traders

    Unlike a market order, which is executed immediately at the last market price with potential slippage, a limit order is executed at a predefined price as soon as it is reached. Market orders are used by default in all automated market maker-based DEXs. They are simple and straightforward for beginners. A market order is guaranteed to be executed or fail due to parameters, such as the maximum price impact. Continue Reading on Coin Telegraph More

  • 113 Shares169 Views

    in Economy

    Bicycle supply disruption is getting worse, high-end manufacturer warns

    The disruption to supply chains that has bedevilled the bike industry since the pandemic is deepening, a manufacturer of parts used by riders in the Tour de France and Olympics has warned.Federico Musi, chief executive of Look Cycle, a French company whose high-end products span clipless pedals, carbon frames as well as whole sports bikes, said the delivery times for parts it buys from overseas continue to lengthen.“They have very long lead times. There’s a few component makers that are today a bottleneck. They’re not going down,” said Musi. “It’s 12 to 18 months easily.”Global bike production has been convulsed by the pandemic, as consumers across the world turned to bicycles as a means of avoiding the risk of being infected by Covid-19 on public transport.The supply problems have been exacerbated because the production of brakes, derailleurs, chains and cassettes is concentrated in a handful of companies including Japan’s Shimano, SRAM in the US and Italy’s Campagnolo.The groups have been wary of expanding production too significantly for fear that the boom in demand will not outlast the coronavirus crisis. Musi expects it will take as long as 18 months before disruptions to supply chains are ironed out for the industry, which has also been hobbled by a reduced availability of certain raw materials such as aluminium and steel.The prediction from Look Cycle contrasts with that of Halfords, one of the UK’s largest bicycle retailers. The group said last week that supply chain challenges were beginning to ease. Manuel Marsilio, general manager of the Confederation of the European Bicycle Industry, said that difficulties for makers of high-end models including e-bikes were worsening because they have fewer options for sourcing parts. Look Cycle was founded in the 1950s as a maker of pioneering quick-release binding systems used on skis. Decades later it transferred the technology to bikes to allow riders to lock a special shoe into the pedal. The group expects to generate about €60m of revenues this year, up from €55m in 2020.Musi said that 80 per cent of the components for its bikes are made in France, alleviating some of the disruption. European parts suppliers have proved more resilient because they are not so narrowly focused on the bike industry, he added.“In Asia, there’s a cycling hub. When we buy products there, we buy from factories that only deal with the cycling industry. That’s why there’s a bottleneck,” he said. “Being a fully autonomous bike manufacturer for the time being is impossible.” More

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    in Cryptocurrency

    Top 6 Performing Cryptocurrencies in 2021

    Since 2020, the world has seen how the crypto space expanded and evolved. Aside from cryptocurrencies, several more innovations emerged like DeFi, NFTs, and metaverse.At the moment, many establishments and even countries now take cryptocurrencies as a mode of payment. This only shows how cryptocurrency is slowly seeping into the financial sector, positioning itself in the market.With that said, as the year is almost closing in, many would want to know which cryptocurrencies performed well in 2021. Moreover, according to CoinGecko, the top six performing cryptos for this year are Shiba Inu, Axie Infinity, Terra, Solana, Polygon, Dogecoin.Records in CoinGecko show that Shiba Inu garnered a 77909077.8% increase over the past year. Axie Infinity had a 45859.4% yearly increase while Terra recorded 15491.9%.Similarly, Solana has seen a 11879.1% increase over the year while Polygon and Dogecoin reached 10742.4% and 9155.6% increases respectively.The numbers don’t lie, they say. Even the entire crypto market shows significant growth as it is now closing to $3 trillion.Nonetheless, as analysts have said, this only shows that cryptocurrencies are here to stay. It will continue to transform our current market sector and be a part of our lives.Continue reading on CoinQuora More

  • 113 Shares149 Views

    in Economy

    Sri Lanka looking to lower fiscal deficit from 2022

    COLOMBO (Reuters) -Sri Lanka is confident of not defaulting on its debts and will work on gradually improving the quality of its foreign exchange reserves, finance minister Basil Rajapaksa said on Saturday.Rajapaksa said when presenting Sri Lanka’s 2022 budget on Friday that the government will cut its budget deficit to around 8.8% of gross domestic product in 2022. The deficit target for 2021 was revised to 11.1%.”Sri Lanka has never defaulted in its history and that record will be maintained,” Rajapaksa told a briefing, a day after presenting the annual budget.”Even part of our reserves are borrowed but we will improve the quality of reserves gradually from next year till 2024. By 2024, we are confident we will be able increase reserves and put debt on a sustainable footing,” he added.The government did not provide an estimate for 2022 growth in its budget but at a forum on Saturday central bank governor Nivard Cabraal said growth is likely to improve in 2022.”This year we are looking at 5% growth and if we have a good year in 2022 with tourism reaching a quarter of pre-2019 levels then we are well on course for 6% growth,” Cabraal said.”This will mean our macroeconomic fundamentals will be in much better shape than now”.CHALLENGING FUTURE Debt repayment is one of the key challenges facing Sri Lanka with foreign exchange reserves having dropped to $2.27 billion as of end October.Rajapaksa said remittances and tourism, which are the top two sources of dollar inflows, have both been affected by the COVID-19 pandemic and it has been tougher to attract investors. “But we want to reduce borrowings. I guarantee that the $1.54 billion up to July 2022 will be repaid,” he added.Treasury Secretary S. R. Attygalle said the budget is likely to bring in structural reforms to support and strengthen growth and improve Sri Lanka’s fiscal position.He said the government has a revenue target of 15% of GDP by 2025 and that expenditure will be strictly managed.”The revenue side is a challenge but with tourism bouncing back Sri Lanka will become comfortable in the next 12 to 18 months,” he added.Analysts, however, are unsure if the announcements in the budget are enough to instil confidence in investors, ratings agencies and market participants.”Overall, the budget is unlikely to help the economic situation significantly and does not give a strong indication of how it expects to meet its debt obligations going forward or how it expects to address the plummeting reserves,” said Trisha Peries, head of economic research at Frontier Research. More