wisepowder's blog
Bitcoins (BTC) fundamentals received a boost as the U.S. Senate passed the $1.9 trillion stimulus bill on March 7. If traders react to this bill in the same way as they had done to the first stimulus package in April 2020, then the crypto markets may witness a strong rally.
The stimulus package also intensifies the focus on the devaluation of the U.S. dollar. These concerns could lead some investors to park their money in hard assets or Bitcoin instead of keeping them in fiat currencies, according to veteran trader Peter Brandt.In addition to investors, a growing number of listed companies are choosing to protect their fiat reserves by buying Bitcoin. After the high-profile purchases by MicroStrategy, Tesla, and Square, a Chinese listed company called Meitu revealed that it had acquired $40 million worth of Bitcoin and Ether.
If other companies across the world also follow this lead and invest a portion of their treasury reserves in Bitcoin, that could create a massive supply and demand imbalance, sending prices through the roof.
Lets study the charts of the top-5 cryptocurrencies that may resume their uptrend in the short term.While the 20-day EMA is flat, the relative strength index (RSI) has started to turn up and it has risen above 58, indicating that the bulls are attempting to make a comeback.
If the buyers can propel the price above the resistance, the BTC/USD pair may retest the all-time high at $58,341. A breakout of this level could start the next leg of the uptrend, which may reach $72,112.
Contrary to this assumption, if the price turns down from the overhead resistance and breaks below $46,313, the pair may drop to the 50-day simple moving average at $42,861. This level is likely to act as a strong support.
If the pair rebounds off this support, the pair may spend a few more days in consolidation. But if the bears sink the price below $41,959.63, traders may rush to the exit, which could signal a possible change in trend.The pair has formed an inverted head and shoulders pattern on the 4-hour chart that will complete on a breakout and close above $52,040. This bullish setup has a pattern target of $61,075.
The 20-EMA has started to turn up and the RSI has jumped above 62, indicating a minor advantage to the bulls.
This bullish view will invalidate if the price turns down from the current levels or the overhead resistance and breaks below $47,000. Such a move could open the doors for a decline to the next major support at $41,959.Both moving averages are sloping up and the RSI is in overbought territory, which indicates that bulls are in command. If the UNI/USD pair rises above $33, the next level to watch out for is $38 and then $46.
This bullish view will invalidate if the price turns down from the current levels and breaks below the 20-day EMA ($25.31). If that happens, the pair may drop to $22 and then to the 50-day SMA ($19.78).
In this article we take a look at the recent developments surrounding Facebook, the Libra Association, and the controversial Libra project. After reading this post you should have a better idea about the path of the promising crypto project.
Libra over the past two years
For those who don‘t know, Libra is Facebook’s attempt to create a digital cryptocurrency that can be used by all of its users en masse. Mark Zuckerberg even announced it back in the day, claiming that it would go public in 2020.
The founder of Facebook was heavily question about the project he was set to undertake and mentioned that he would not do anything unless it is fully regulated and in par with the wishes of the senate. A short while later, the project as put on hold, and remained inactive ever since.
A short while after the hearing, The Libra Association lost many of its promising partners, who were each going to add $10 million each towards the development of the project. For many, that was the end of Libra. However, for the people over at Facebook, work continued in the shadows.
Rebranding to Diem
Over the past few days news broke once again with regards to Facebook‘s cryptocurrency. In The Libra Association’s efforts to distance themselves from the unregulated project idea of 2019, they decided to completelly rebrand their project in Diem (latin for “day”) while maintaining their old logo. So what is different about Diem？
The project now has organizational approvals from all involved parties and is preparing for its 2021 launch. The original Libra Association will now be known as The Diem Association and according to Bloomberg, the cryptocurrency will be known as Diem US dollar.
Similar to the way we saw the Digital Yuan being released to the public, Diem will also be introduced gradually. Its first, limited form will be available to a select number of users who will onlybe able to measure Diems value in USD, unlike the initial prosed method that had it linked with the value of many different FIAT currencies.
According to Stuart Levey, the CEO of Diem Association, “The Diem project will provide a simple platform for fintech innovation to thrive and enable consumers and businesses to conduct instantaneous, low-cost, highly secure transactions,”. In essence, Facebooks branch is creating a regulated US-pegged stablecoin, just one month after the STABLEact is introduced to the public. For many, this is the government fighting back against the popularity of Bitcoin, while also (finally!) joining the blockchain revolution.
A device that heats tobacco without burning it reduces some of the harmful chemicals in traditional cigarettes, but government scientists say it’s unclear if that translates into lower rates of disease for smokers who switch.To get more news about Heat not Burn tobacco products, you can visit hitaste.net official website.
U.S. regulators published a mixed review Monday of the closely watched cigarette alternative from Philip Morris International. The company hopes to market the electronic device as the first “reduced-risk” tobacco product ever sanctioned by the U.S. government.
Philip Morris’ penlike device, called iQOS (EYE-kose), is already sold in more than 30 countries, including Canada, Japan and the United Kingdom. But Philip Morris and its U.S. partner, Altria, need the permission of the Food and Drug Administration to sell it in the U.S.
iQOS heats strips of Marlboro-branded tobacco but stops short of burning them, producing a tobacco vapor that includes nicotine. This is different from e-cigarettes, which don’t use tobacco at all but instead vaporize liquid usually containing nicotine. Nicotine is what makes cigarettes addictive.Philip Morris believes its product is closer to the taste and experience of traditional cigarettes, making it more attractive to smokers and reducing their contact with tar and other toxic byproducts of burning cigarettes.
Company scientists will present their studies and marketing plan to a panel of FDA advisers this week. The panel’s recommendation, expected Thursday, is non-binding: the FDA will make the ultimate decision on the device later this year.
A greenlight from FDA would mark a major milestone in efforts by both the industry and government to provide less harmful tobacco products to smokers who can’t or won’t quit cigarettes. Despite decades of tax hikes, smoking bans and campaigns, about 15 percent of U.S. adults smoke.Levels of certain harmful chemicals were between 55 and 99 percent lower in the vapor produced by iQOS than in cigarette smoke. But animal and laboratory studies submitted by the company also suggested the chemicals could still be toxic and contribute to precancerous growths. A company study in mice could help clarify the cancer risk, but the FDA said the results would not be available until later this year.
Under a 2009 law, the FDA gained authority to regulate a number of aspects of the tobacco industry. The same law allows the agency to scientifically review and permit sales of new products shown to be less dangerous than what’s currently available. But the FDA has not yet allowed any company to advertise a “reduced-risk” tobacco product.
The Forsaken are one of the most interesting races in Warcraft lore. The series of animated shorts Blizzard is releasing in the run up to World of Warcraft: Shadowlands, Shadowlands Afterlives, could have some huge implications for them in the WoW lore and the upcoming game.To get more news about best place to buy wow gold, you can visit lootwowgold official website.
Not only have the Forsaken been abandoned by their Banshee Queen and found themselves without her clear leadership for the first time in their entire history, but the nature of death in the Warcraft universe as revealed in the shorts could mean some very interesting things for the undead in World of Warcraft: Shadowlands.
In Afterlives: Bastion it is revealed that when Uther the Lightbringer was slain by Arthas, his soul was split in two. Part of it remained in Frostmourne, Arthas’ runeblade, as previously established. At the end of Lich King fight in Wrath of the Lich King, all of the souls trapped in Arthas’ blade are released, including Uther’s. However, the Bastion short establishes that another part of Uther’s soul was taken to Bastion, but was unable to ascend due to the part of Uther kept trapped in the runeblade.
Sylvanas was also killed personally by Arthas’s runeblade, as seen in Warcraft III and the Warbringers: Sylvanas animated short made in the run-up to Battle for Azeroth. It is unclear if the fact that Sylvanas was raised as undead means that her soul was not taken by Frostmourne, but the Bastion short makes it seem entirely possible that the undead who were raised as part of the Scourge experienced a similar split in their souls to Uther the Lightbringer.
It is possible that the part of their soul that remained in their undead bodies was analogous to the part of Uther’s soul that was not kept in the blade, while another part of their soul was kept in Frostmourne and was not truly released until the death of the Lich King. Another possibility is that the Lich King’s necromancy tied their souls to their undead bodies instead of keeping them in the blade, while another part of their soul went to the Shadowlands.
Classic Love is In the Air bears little resemblance to the current incarnation of the festival on the Retail side. The festival experienced several changes after the first year and was completely revamped in 2010, so almost nothing of the Classic version will be familiar to those who have only known the holiday since it was changed near the end of Wrath of the Lich King.To get more news about buy WoW gear, you can visit lootwowgold official website.
Examples of things that do not exist in the Classic version include all the Crown Chemical Company quest lines, seasonal vendors, Love Tokens as currency, Charm Bracelets, toys, most pets, or mounts.
The main activity in WoW Classic is creating city-themed Gift Collections. Choose between 1-hour stat buffs or voting in a popularity contest for your favorite faction leader. You can also receive rewards including your very own Truesilver Shafted Arrow to summon your own Kwee Q. Peddlefeet pet!
Today, we’ve opened the WoW Classic Public Test Realm (PTR) to test version 1.13.7 of WoW Classic. In this upcoming version, we intend to reduce the spell batching delay.
There are numerous class abilities and spells from Original World of Warcraft that were re-implemented in WoW Classic with spell batching in mind, and we initially expect bugs or adverse consequences with spell batching reduced. In this PTR, testers have an opportunity to join us in finding such issues. Raids and battlegrounds are available in this PTR to facilitate testing in a wide variety of game content.
When logged into the PTR, you can mouse over any item, spell, or talent and press the assigned hotkey to initiate a bug report for that item or spell. Bug reports created in this way include valuable metadata about the spell, your talents, and your player-state when the bug is submitted.
Depending on when a returning playing took their break, it could definitely change the path they will take during preparation. For example, if a player took a break before Blackwing Lair was released, they probably have a longer list of things to get taken care of versus a player that took a break during Ahn'Qiraj. For this article, let's assume that the returning player stopped playing after getting Molten Core BiS and just re-activated their subscription for Burning Crusade. The other factor that weighs into this comes down to if there are guilds on your realm that have open spots, if there are active GDKP's being run, and so on.
1. Try and join some Raid Groups
By now, most players that are attuned to Naxxramas won't really be going after AQ40 Tier tokens. For most classes, the Tier 2.5 Tokens are practically free, at this point in the game, and for a returning player in Molten Core gear, these are massive, massive upgrades. If you can join an AQ40 GDKP or even find a group of friends that are running it, try and get in there! AQ40 also doesn't require any attunement at all, which is pretty nice. But don't forget to collect Qiraji Lord's Insignia off bosses for a quick reputation boost! You will need to acquire some rep before you can turn in the tier 2.5 tokens.
In a recent op-ed, I wrote about how the controversy over Disney's live-action "Mulan" embodies some of the ethical dilemmas and pitfalls that face companies doing business in China. On one hand, to maintain their presence in China, companies must comply with the demands and expectations of the Chinese Communist Party which are intended to garner support for the CCP's viewpoint and policies. On the other hand, their compliance comes with the cost of significant reputational risk at home.To get more finance news China, you can visit shine news official website.
Western media companies such as Disney and Comcast, however, are but pawn pieces in a game in which there are far more powerful pieces that the CCP has its eyes on controlling: Western banks and financial institutions. In this game, China is thinking a dozen moves ahead of their ultimate opponent, the United States.
And since China's path to victory in this game depends in large part on our ignorance of their strategy, Americans will quickly need to get up to speed on both in order to compete.
To understand China's game, it's helpful to begin by studying their current tactic, which involves aggressively opening up their financial markets to the U.S. in ways that they hadn't previously despite tense political relations over reforms between the two nations.
In recent months, leading Wall Street firms BlackRock, Vanguard, Citigroup, and JPMorgan Chase have been given approval by China to expand their businesses there. In August, BlackRock received official approval from the Chinese government to set up a mutual fund business in Shanghai. Just days later, Vanguard announced it was moving its regional headquarters to Shanghai. JPMorgan Chase, meanwhile, is set to pay $1 billion to become the first foreign company to assume full ownership of a preexisting Chinese mutual fund business. This is in marked contrast to Beijing's previous requirement that Western firms partner with local Chinese entities in order to do business in China's financial markets.
So, why is China opening up its markets more fully to Western investment firms now? China doesn't need the money, for if it did they could just print it or easily borrow it. One reason could be that China wishes to study Western banking models. There are numerous examples of China bringing in Western companies, letting them make money while learning everything they can from them, and then setting up competing enterprises to betray and destroy their Western partners. When a foreign company seeks redress via the legal system, as the Dallas-based Tang Energy Group has done against the state-owned Aviation Industry Corporation of China (AVIC), they find China to be a formidable opponent even when fighting on home turf.
China’s housing market is showing signs of recovery after the coronavirus crisis and analysts say that offers bond investors opportunities as developers get back on their feet.To get more news about china housing market, you can visit shine news official website.
Briscoe said the firm is positive on larger developers, which are growing market share as smaller players exit the industry. Commercial property, however, should be avoided as it could be facing downward rental pressure due to the outbreak, he said.
Ratings giant Moody’s said industry consolidation will continue in the next 12 to 18 months. The agency said it expects its “rated developers will continue to outperform the general market because of their strong sales execution abilities and branding. They will increase their market share as weaker developers are forced out of the market.”
Housing sales in the country plummeted at the outset of the pandemic as China’s economy shut down. But official data pointed to a recovery in transactions as the country reopened.
Property sales by floor area jumped 9.7% in May, compared with a 2.1% fall in April, according to Reuters. Funds raised by China’s property developers fell 6.1% in the January to May period, compared to a 10.4% drop for the first four months of 2020, the report said.
“China’s recovery will benefit Asian high-yield bonds directly as China’s share of the Asian high-yield universe is close to 50%,” Briscoe added.On Thursday, Blackrock’s Head of Asian Credit Neeraj Seth also said he was “positive” on high-yield bonds in Chinese real estate.
“We do like some of the stronger names, we are happy to extend our overall spread duration and duration risk on those. By and large, China is a very important part of Asian high-yield markets, and we’re positive on Chinese high-yield, and most specifically, Chinese real-estate high yield,” he told CNBC’s “Squawk Box Asia.”
High-yield bonds, or what are commonly known as junk bonds, are non-investment grade debt securities that carry a high default risk, and therefore, usually come with higher interest rates to compensate for that risk. Such instruments carry a credit rating of BB+ or lower by Fitch and Standard and Poor’s, or Ba1 or below by Moody’s.China’s property developers are among the biggest junk bond issuers in Asia, with issuance totaling $46.23 billion last year, double that of 2018, according to Refinitiv data. In June, 13 developers issued offshore bonds totaling $3.8 billion, up from $944 million in May, according to Moody’s data.
Zoo construction: animal enclosures, aviary mesh, bird cage, wildlife park, marine park, etc.
Protective device: playground fence, acrobatic show protection net, wire rope mesh fence, etc
Architecture safety net: stair/balcony railing, balustrade, bridge safety net, anti-fall net, etc.
Decorative net: garden decoration, wall decoration, interior decoration net, outdoor decoration, green wall (plants climbing support)
Stainless Steel Wire Rope ferrule Mesh, is rhombus mesh, has excellent flexible performance, virtually indestructible, most impacting-resistant and breaking resistant force, most resisting rain, snow and hurricane.
As the material is virtually indestructible stainless steel, then it can be safely contain any species on land, in the air indoors or out. For the weave opening, we can infinitely customizable to meet your exhibits exact specifications and we assure their complete security.
The ferrule type mesh, are more used in fields like balustrades on bridges and staircases, large barrier fences, and building facade trellis systems. As an emerging product on architectural decoration and protection, stainless steel rope mesh has provided the mordern architectural decoration and horticulture engineering with a new and stylish element, which are getting more and more appreciated by designeers and clients all over the world.