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Stagwell (STGW) Announces Exclusive Sponsorship of Creative Equals Business to Drive Gender Equity in the Creative C-Suite

NEW YORK and LONDON, Aug. 12, 2022 /PRNewswire/ — Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today announced exclusive sponsorship of the fourth annual Creative Equals Business, which launched in 2018 to support the development of female leaders in creative industries across the U.K. Continue Reading Applications for Creative Equals Business are […]

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Bioretec Ltd’s Half Year Report 2022 (unaudited): Strong sales growth and RemeOs™ registrations on-going

TAMPERE, Finland, Aug. 12, 2022 /PRNewswire/ — This is a summary of Bioretec Ltd’s half year report 2022. The complete half year report with tables is attached to this release and available at company web pages at  https://bioretec.com/investors/investors-in-english/releases January-June 2022 in brief Net sales increased by 35.9% and amounted to EUR 1,422 thousand (1-6/2021: EUR 1,047 […]

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Global Esports Federation welcomes VSPN as Strategic Partner

Partnership set to expand the GEF’s global events portfolio and engagement in China and South Korea SINGAPORE, Aug. 12, 2022 /PRNewswire/ — The Global Esports Federation confirms its latest Strategic Partner, VPSN (Versus Programming Network) to support the development, hosting, and staging of GEF’s Flagship and Marquee events in China and South Korea. The announcement was […]

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XT.com Lists IVAR Coin (IVAR) With USDT Trading Pair

SINGAPORE, Aug. 12, 2022 /PRNewswire/ — The IVAR Coin (IVAR) is now listed on XT.com as an IVAR and Tether (USDT) trading pair. For all traders, the most promising crypto trading experience of IVAR/USDT is available on the exchange’s Main Zone (Metaverse). Participants who haven’t traded the coin yet can go ahead and deposit their crypto […]

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Daqo New Energy Issues Its 2021 Environmental, Social and Governance (ESG) Report

SHANGHAI, Aug. 12, 2022 /PRNewswire/ — Daqo New Energy Corp. (NYSE: DQ) (“Daqo New Energy,” the “Company” or “we”), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that it has published its 2021 Environmental, Social and Governance (ESG) report.  The 2021 ESG report particularly highlights the Company’s efforts with respect […]

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Good news for Bitcoin: New CPI data suggests inflation has peaked | Find out now on Market Talks with Tim Warren and Caleb Franzen

In this weeks episode of Market Talks we welcome senior market analyst at Cubic Analytics, Caleb Franzen.Caleb is a Senior Market Strategist at Cubic Analytics, analysing new data/charts on the economy, the stock market, and Bitcoin to make better investment decisions. He is also a former corporate banking & portfolio analyst.The main topic of discussion with Caleb will be the new CPI data and what they mean for the crypto market, specifically Bitcoin (BTC). Is there a correlation between the data and the recent price pump? How sustainable is this price action?We also go over a few of Caleb’s tweets where he explains which indicators he looks at when analysing charts. One indicator he finds particularly interesting is the 78-week Williams%R oscillator. We get into why it’s important and how it can help.Something that might be looming over everyone’s heads is whether the recent Bitcoin pump is a fake out and if we could actually go lower before we break through $30K. We get Caleb’s thoughts on this as he and Tim try to figure it out.Ethereum (ETH) has been performing particularly well recently with all the news and hype surrounding the merge from proof of work (POW) to proof of stake (POS). Does this mean that the merge has already been priced in or can we see a rally when the merge actually takes place in September? Could this be a classic case of buy the rumour sell the news?Tune in to have your voice heard. We’ll be taking your questions and comments throughout the show, so be sure to have them ready to go.Market Talks with Crypto Jebb streams live every Thursday at 1 pm ET (5:00 pm UTC). Each week, we feature interviews with some of the most influential and inspiring people from the crypto and blockchain industry. So, be sure to head on over to Cointelegraph’s YouTube page and smash those like and subscribe buttons for all our future videos and updates.

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How to earn interest from crypto saving accounts?

The cryptocurrency industry has offered developers and investors the opportunity to introduce new financial tools providing plentiful options to earn passive income. Simply holding crypto has offered patient investors the chance to make gains over the years. However, there are various other ways to increase crypto assets’ stacks, even in bear markets.Other than staking, crypto savings accounts allow retail investors to accrue their funds by earning interest on the crypto assets they deposit on specific cryptocurrency platforms if they agree to lend out their coins or tokens. Crypto interest accounts are particularly appealing because they distribute much higher returns than traditional bank savings accounts, considering that the average interest rate applied by a crypto savings account can be up to 7.5%, against the average 0.06% of bank savings accounts.Related: DeFi staking: A beginner’s guide to proof-of-stake (PoS) coinsThe difference in rates between crypto and traditional savings accounts is somewhat significant but comes with higher risks associated with the service. We’ll find out here how to access crypto savings accounts, the crypto interest rates and deposit terms and the risks associated with this type of financial instrument. What is a crypto savings account?A crypto interest account is generally a DeFi platform’s service that lets you earn interest on digital assets you’ve deposited and agreed to lend out in exchange for a return. This service is similar to a bank savings account that will lend out your money to other customers or financial institutions for a certain amount of time and will give you interest for that service. By definition, blockchain technology encourages users to become self-sovereign and independent from third parties. However, intermediate companies have become a necessary component of the industry providing crypto savings accounts to those who want to enjoy the benefits of the technology without making too much effort to learn complicated and burdensome processes.Other than convenience, these companies will also hold some of the risks involved and ensure depositors are paid first if adverse events like insolvency occur. Some companies are backed by insurance and work with well-established custodians to protect their customers.How does a crypto savings account work?Once you deposit your crypto assets into a savings account, you start accruing interest from day one. Most of the popular cryptocurrencies can be used in a crypto savings account, with the most picked being Bitcoin (BTC), Ether (ETH) and Litecoin (LTC), while many favor interest rates on stablecoins like Tether (USDT), USD Coin (USDC) and PAX Dollar (USDP).By depositing your crypto assets into a savings account, you formally grant the platform the right to use your money for any purpose, from lending it out to investing it or staking it on your behalf. Primarily, it will be used for lending it out to earn high returns, some of which will be paid to you as regular interest payments.Crypto savings accounts may offer you more favorable rates if you agree to lock up your crypto for a while or hold a platform-specific token. Nexo, for instance, increases interest rates by up to 4% for holders of the platform’s governance token.How to invest in a crypto savings plan?When you want to invest in a crypto savings plan, the first step is to pick the right account for you and get started as follows:Choose a cryptocurrency platform you trust that offers realistic interest rates;Transfer cryptocurrency to this chosen platform;Follow the few simple steps to deposit your crypto assets into a savings account. Usually, these steps are straightforward, and you’ll be guided through the process by the platform;Choose if you want to deposit your asset for a limited amount of time or select a flexible time that will allow you to withdraw your crypto at any time; Start earning interest from the first day.As mentioned, there are plenty of platforms to choose from, including well-established cryptocurrency exchanges like Coinbase, with the following indications of interest rates on fixed savings:Binance is the other global popular crypto platform that offers interest rates on many cryptocurrencies with flexible savings and locked savings options:An increasing number of other financial service companies and cryptocurrency platforms provide these types of accounts. Nexo and Crypto.com are among companies offering greater interest rates to cryptocurrency holders who lock their assets away for weeks or months. However, the drawback with this type of savings account is that you can’t withdraw or sell your crypto during that period.How much interest you can earn with a crypto savings account largely depends on the platform and the cryptocurrency you choose to deposit. The interest rate offered by the service will also be driven by market conditions and is usually paid out in the cryptocurrency you have deposited.While their high-interest rates can entice you, you should consider how secure your investment is with them. Choosing the best crypto interest account is not simply a matter of comparing interest rates paid but also making sure your investment is as safe as possible. Remember, they are custodians of your crypto assets, meaning that by holding your funds, they can even stop you from withdrawing them or delaying the withdrawal process, which may result in a loss for you if the value of the crypto asset changes in the meantime. When choosing the best interest rates, make sure you understand the difference between the annual percentage rate (APR) and the annual percentage yield (APY) because they might mislead you in calculating your yearly returns.In short, APY includes a compound interest, i.e., the addition of interest to the principal sum of a loan or deposit (the interest on interest accrued). On the other hand, APR does not include compound interest. Due to the compound interest factor, APY will provide a higher return than APR. Yet, it’s always worth reading the savings account’s small print because certain services will pay simple interest only and won’t produce compound interest over time. Crypto saving account risks The crypto industry is mostly unregulated, so the investors might not have any cover in case something goes wrong with their assets. In this framework, operate crypto savings accounts that do not offer government-backed deposit insurance like the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Administration (NCUA). These savings accounts offer higher yields because they are riskier. For example, they could limit how quickly you can withdraw your assets and, in times of difficulties, they might not let customers withdraw their assets at all.In exchange for these restrictions and the associated risk, these savings accounts are much more interesting for an investor than a typical bank account. However, for these accounts to yield such a high interest which may exceed 20% in some cases, you should wonder how your money is employed in the background. Like regular banks operate under a “fractional reserve” banking service, so do most crypto companies. They are lending out more than they have to financial institutions with the difference that there is no deposit insurance to back them, as in the case of traditional banks. Crypto savings accounts vs. crypto walletsCrypto wallets simply won’t accrue your cryptocurrency holdings as opposed to crypto savings accounts that are conceived to increase the number of coins you own over time.This might be at the expense of key ownership, though, because the private keys that allow you to access your coins are maintained by the crypto platform. On the other hand, most crypto wallets will ensure you keep full ownership of your private keys.Security is another concern that should be very well addressed. There are security risks in the centralized platform that holds your private keys because it is potentially at risk of becoming insolvent, bankrupt or being hacked, and you could lose your money.In the same way, you should choose a wallet carefully to avoid picking a service with little security and a vulnerability to hacking. Also, you must ensure you can easily access your wallet’s private keys if you lose your operational device and need to restore your assets in another digital location.Cryptocurrency is a work in progress and will likely undergo continuous changes over the years, especially in terms of regulation, which will also affect how crypto savings accounts are managed. In June 2022, the issues of leading crypto lending platforms like Block.Fi and Celsius have raised further concerns over the future of crypto savings accounts and similar related cryptocurrency services.Related: A step-by-step framework for evaluating crypto projectsCaution and due diligence are always recommended if you consider opening a crypto savings account and weigh the associated risks against the chances of high returns, especially if you risk life savings or anything close to that.

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Happy Birthday, Riskalyze!

Bonus!  Watch CEO Aaron Klein prove he IS ready for primetime with February’s inaugural Video Fintech Report Card! It should come as no surprise that Ethical-Advisor.Com supports clear, consistent conversations with Wealth Management clients about the risks in their portfolios.  As an early-ish adopter, we were amazed by the conversations that Riskalyze facilitated.  Quarterly meetings, […]

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FBI Warning Healthcare Providers to Prepare for Ransomware Attacks

The Federal Bureau of Investigation (FBI) is warning hospitals and healthcare providers to brace for a deluge of ransomware attacks. The advisory, which was issued jointly with the Cybersecurity and Infrastructure Security Agency (CISA) and the Department of Health and Human Services (HHS), states that the agencies have “credible information” of an increased and imminent cybercrime threat […]

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What Should Businesses Expect under California’s Proposition 24?

Since taking effect on January 1, 2020, the CCPA has faced criticism from both business and consumer privacy groups due to its ambiguity. The Privacy Rights and Enforcement Act seeks to strengthen and clarify the CCPA, as well as establish a dedicated enforcement agency. California Consumer Privacy Act Former Gov. Jerry Brown signed the California Consumer […]

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Is NYDFS Targeting Social Media for Its Next Round of Cyber Regulations?

Is NYDFS Targeting Social Media for Its Next Round of Cyber Regulations? After adopting comprehensive cybersecurity regulations for financial services companies, the New York State Department of Financial Services (NYDFS) is now turning its attention to social media companies. The agency recently concluded its investigation into the recent Twitter hack aimed at accounts of cryptocurrency firms and […]

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Las Vegas Sands Seeks To Be ‘Sans Vegas’ By Selling Vegas Strip Casino Resorts

Las Vegas Sands (LVS) is looking to sell its two hotel-casino properties on the Las Vegas Strip, as casinos and convention centers remain largely closed as the pandemic drags on. LVS stock  fell, with other casino stocks falling further. X A Sands spokesman confirmed that discussions have taken place, though nothing has been finalized, according […]

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Boeing To Report Another Tough Quarter But Watch For This Sign Of Improvement

Boeing (BA) is expected to report another tough quarter Wednesday amid the coronavirus pandemic and its 737 Max grounding. Boeing stock fell. X Estimates: Analysts expect a loss of $2.33 per share vs. a profit of $1.45 per share in the year-ago quarter. Revenue is seen falling 31% to $13.81 billion. Results: Check back tomorrow. A […]

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Crocs Earnings Run Past Views Again; Stock Rises

Specialty footwear company Crocs (CROX), fresh off its blockbuster collaboration with Justin Bieber, reported strong third-quarter earnings before Tuesday’s open. Crocs stock jumped. X Crocs Earnings Earnings: Analysts expected Crocs earnings to rise 19% to 68 cents a share, according to Zacks Investment Research. They saw revenue up 10% to $345.12 million, a 10% gain. […]

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Caterpillar Earnings Beat Q3 Views As Global Economy Rebounded, But Still No Guidance

Caterpillar (CAT), a bellwether for the global economy, beat views for a third quarter in which key markets saw a strong pandemic recovery. But the Dow Jones giant still didn’t offer any guidance. Caterpillar stock fell. X Caterpillar Earnings Estimates: Caterpillar earnings were expected to tumble 57% to $1.15 according to Zacks Investment Research. Analysts expected […]

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