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The Top 10 Financial Obstacles That Prevent People from Achieving Their Goals

The top 10 financial obstacles that prevent people from achieving their goals include:

Living beyond one's means

Lack of emergency savings

High credit card debt

No budget

No retirement savings plan

No investment portfolio

Over-reliance on a single source of income

No financial education

Neglecting insurance coverage

Not having a plan for paying off debt

It's important to maintain a healthy lifestyle, even when you're on the go. If you're looking for healthy fast food options, be sure to check out https://www.aajkaakhbaar.com/are-you-saving-enough-money-to-hit-your-financial-goals. This website provides a comprehensive list of the top 10 healthy fast food options, so you can enjoy a delicious and nutritious meal, no matter where you are. Whether you're looking for a quick breakfast, a healthy lunch, or a satisfying dinner, this site has you covered.

Drop in Crypto Prices Cools Overheated Market and Funding Rates

The recent 4% drop in the price of cryptocurrencies, particularly bitcoin, has had a positive impact on the crypto perpetual futures market. Perpetuals are futures contracts with no expiry, and their funding rates help align their prices with the index price. Over the past week, funding rates for major cryptocurrencies reached high levels, indicating an overheated leveraged market. However, the drop in prices has normalized the funding rates and cooled the market down.

The decrease in funding rates, along with the decline in open interest in crypto futures contracts, suggests that overleveraged traders have been shaken out of the market. Funding rates become burdensome when market momentum stalls, leading overleveraged traders to exit their positions. This market correction has created a more stable and sustainable environment for the crypto futures market as it heads towards the end of the year.

This article provides insights into the recent drop in crypto prices and its impact on funding rates. The cooling of the crypto perpetual futures market is seen as a positive development, as it signals a healthier and less overheated market environment. Traders who were heavily leveraged have exited the market, and funding rates have returned to more manageable levels. This stability and normalization pave the way for a steady ascent in the market as the year comes to a close.

Read the original article here #Bitcoin #cryptocurrency #futures #trading

Decentralized Exchanges (DEXs) and OTX: Empowering the Future of Crypto Trading

The financial world takes notice when topics make their way into esteemed publications like Fortune or the Wall Street Journal. Recently, the spotlight has turned toward decentralized cryptocurrency exchanges, or DEXs, garnering attention for their promise to empower users and investors with greater control over their crypto assets.

The media’s interest is not without merit. According to researchers at Messari, the surge in popularity of DEXs was evident during the record-breaking bull market in April 2021, with these platforms handling a staggering $122 billion in transactions — a monumental leap from the $1 billion recorded in April 2020.

Further insights from DEX Metrics reveal that, as of July 2021, decentralized exchanges like Uniswap, PancakeSwap, and Binance DEX collectively manage around $15 billion in transactions every week. While this constitutes less than 10% of the overall crypto transaction volume, the rapid growth and increasing market acceptance of DEX technology are undeniably impressive. The numbers speak for themselves, and it’s no surprise that DEXs have become a prominent topic of discussion across various financial circles.

DEXs have taken center stage, providing a groundbreaking alternative to traditional centralized platforms. These platforms are characterized by trustless transactions and the empowerment of individual users, who retain control of their funds. One prominent player in the DEX arena is OTX Exchange. In this article, we will explore the concept of DEXs, their uses, and how they can benefit you in building a robust crypto portfolio.

The Rise of DEXs

Decentralized Exchanges, or DEXs, are a fundamental innovation in cryptocurrencies. Unlike traditional centralized exchanges operated by a central authority, DEXs facilitate peer-to-peer trading directly on the blockchain. This means that users retain control of their funds and trade without intermediaries' allows users to trade now from their wallets, eliminating the need to entrust a third party with their funds. This decentralized model enhances security and aligns with the core principles of cryptocurrencies, decentralization, and financial sovereignty.

They rely on smart contracts and blockchain technology to enable users to trade digital assets directly with one another. This differs significantly from centralized exchanges (CEXs), which are managed by a centralized authority and often require users to trust them with their funds.

The core advantages of DEXs include enhanced security, reduced counterparty risk, and the ability to trade a wide range of cryptocurrencies. Furthermore, they offer greater privacy, as users do not need to go through the KYC (Know Your Customer) process typically demanded by centralized exchanges.

How a Transaction Unfolds on the OTX Decentralized Exchange?

When engaging with a traditional cryptocurrency exchange, the process typically involves creating an account, adhering to Know Your Customer (KYC) requirements, depositing funds, and executing transactions, whether for a quick buy or to build a long-term portfolio.

Enter the decentralized world of OTX exchange, where the user experience takes a distinctive turn. Instead of creating an account and going through KYC processes, users link their cryptocurrency wallet directly to the DEX’s software. Whether you’re looking to purchase or swap crypto assets, the interaction is streamlined. You specify your preferences, receive the price details, and, upon approval, greenlight the transaction — all without logging in, providing personal information, or creating an account.

Unlike centralized exchanges that match users with individual sellers, OTX employs automated market makers (AMMs) to facilitate transactions. These AMMs offer coins and tokens from a liquidity pool — a reservoir of cryptocurrency provided by other users for a specified period. You buy from a liquidity pool when you engage in a transaction on the OTX decentralized exchange.

What sets OTX apart is the opportunity for users to contribute to liquidity pools by lending their funds. Users can make their crypto assets available for defined periods, whether a week, a month or another specified timeframe. After this period, contributors receive their funds back along with a share of the transaction fees generated by the liquidity pool, resembling an arrangement akin to buying a government bond.

For users seeking a more nuanced approach, sophisticated DEXs like OTX offer extensive control over participation in liquidity pools. This includes options such as making tokens available within specific price ranges. Savvy traders often leverage these customization features to optimize strategies and enhance potential profits in the decentralized marketplace.

Conclusion

The future of crypto trading will likely witness the ongoing rise of DEXs, which will work alongside traditional centralized exchanges to provide diversified options for traders. OTX Exchange, with its commitment to user control, security, liquidity, and privacy, stands as a promising platform at the forefront of this transformation.

In conclusion, decentralized exchanges are becoming increasingly essential as cryptocurrency trading evolves. OTX Exchange exemplifies the values and advantages of DEXs, offering a secure, user-friendly, and efficient trading experience. As the crypto industry grows, platforms like OTX Exchange will play an integral role in shaping its future.

This weekend, two of the most influential figures in artificial intelligence (AI) and deep learning, Yann LeCun and Yoshua Bengio, fiercely debated the potential risks and safety concerns surrounding AI.

#AI #ML #Automation

O Bitcoin abriu a semana em torno de US$ 28.000 antes de saltar para um novo recorde de dificuldade de mineração BTC em meio às preocupações do investidor bilionário Ray Dalio de que a “Terceira Guerra Mundial” é iminente. Bitcoin (BTC) 143.006 reais começou a nova semana firmemente no espírito do “Uptober”, já que o fechamento semanal foi seguido por um clássico short squeeze.

Os preços do Bitcoin estão mais uma vez experimentando o tipo de oscilações clássicas vistas no início deste mês, com a maior criptomoeda do mercado se aproximando de US$ 28.000 antes da abertura semanal de Wall Street.

Embora ainda dentro de uma faixa de negociação predefinida, o Bitcoin está mantendo os traders atentos, com posições longas e curtas sujeitas a oscilações de preços à vista de curto prazo e a liquidações em mercados de derivativos aumentando.

#btc #bitcoin #bnb #ethereum #bitcoincash #eth #criptomoedas #crypto #cryptocurrency #cripto #criptomonedas #token #coin #criptoativos #cryptonews #cryptomarket #cryptoinvestor #noticiascriptomonedas #criptomoedasbrasil #criptonoticias #cryptoworld #cryptomarket #cryptotrading #cryptocurrencies #cryptolife #cryptotrader #defi #nft #web3 #blockchain #blockchaintechnology

Bitcoin Whales in the move 20.000 BTC purchased in just 10 days!

The most popular crypto currency Bitcoin (BTC) has been under strong selling pressure after retracing from $28,000 at the start of the week. It currently, it is trading at $27.094, with a market value of $528 billion, and an 1.81 percentage reduction. Despite the selling pressure that has been affecting this market Bitcoin has outperformed other coins. Because of the whales who kept on…

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LETTERS FROM AN AMERICAN

March 12, 2023

Heather Cox Richardson

At 6:15 this evening, Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, and Federal Deposit Insurance Corporation (FDIC) Chairman Martin J. Gruenberg announced that Secretary Yellen has signed off on measures to enable the FDIC to fully protect everyone who had money in Silicon Valley Bank, Santa Clara, California, and Signature Bank, New York. They will have access to all of their money starting Monday, March 13. None of the losses associated with this resolution, the statement said, “will be borne by the taxpayer.”

But, it continued, “Shareholders and certain unsecured debtholders will not be protected. Senior management has also been removed. Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.”

The statement ended by assuring Americans that “the U.S. banking system remains resilient and on a solid foundation, in large part due to reforms that were made after the financial crisis that ensured better safeguards for the banking industry. Those reforms combined with today’s actions demonstrate our commitment to take the necessary steps to ensure that depositors’ savings remain safe.”

It’s been quite a weekend.

On Friday, Silicon Valley Bank (SVB) failed in the largest bank failure since 2008. At the end of December 2022, SVB appears to have had about $209 billion in total assets and about $175 billion in deposits. This made SVB the sixteenth largest bank in the U.S., big in its sector but small compared with the more than $3 trillion JPMorgan Chase. This is the first bank failure of the Biden presidency (while Donald Trump Jr. tweeted that he had not heard of any bank failures during his father’s presidency, there were sixteen, eight of which happened before the pandemic). In fact, generally, a few banks fail every year; it is an oddity that none failed in 2021 or 2022.

The failure of SVB created shock waves for three reasons. First, SVB was the major bank for technology start-ups, so it involved much of a single sector of the economy. Second, only about $8 billion of the $173 billion worth of deposits in SVB were less than the $250,000 that the FDIC insures, meaning that the companies who had made those deposits might not get their money back quickly and thus might not be able to make payrolls, sparking a larger crisis. Third, there was concern that the problems that plagued SVB might cause other banks to fail, as well.

What seems to have happened, though, appears to be specific to SVB. Bloomberg’s Matt Levine explained it most clearly:

As the bank for start-ups, which have a lot of cash from investors and the initial public offering of stock, SVB had lots of deposits. But start-up companies don’t need much in the way of loans because they’ve just gotten so much cash and they don’t yet have fixed assets. So, rather than balancing deposits with loans that fluctuate with interest rates and thus keep a bank on an even keel, SVB’s directors took a gamble that the Federal Reserve would not raise interest rates. They invested in long-term Treasury bonds that paid better interest rates than short-term securities. But when, in fact, interest rates went up, the value of those long-term bonds sank.  

For most banks, higher interest rates are good news because they can charge more for loans. But for SVB, they hurt.

Then, because SVB concentrated on start-ups, they had another problem. Start-ups are also hurt by rising interest rates because they tend to promise to deliver returns in the long term, which is fine so long as interest rates stay steadily low, as they have been now for years. But as interest rates go up, investors tend to like faster returns than most start-ups can deliver. They take their money to places that are going to see returns sooner. For SVB, that meant their depositors began to need some of that money they had dumped into the bank and started to withdraw their deposits.

So SVB sold securities at a loss to cover those deposits. Other investors panicked as they saw SVB selling at a loss and losing deposits, and they, too, started yanking their money out of the bank, collapsing it. Banks that have a more diverse client base are less likely to lose everyone all at once.

The FDIC took control of the bank on Friday. On Sunday, regulators also shut down Signature Bank, based in New York, which was a major bank for the cryptocurrency industry. Another crypto-friendly bank, Silvergate, failed last week.

Congress created the FDIC under the Banking Act of 1933 to restore trust in the American banking system after more than a third of U.S. banks failed after the Great Crash of 1929, sparking runs on banks as depositors rushed to take out their money whenever rumors suggested a bank was in trouble, thus causing more failures. The FDIC is an independent agency that insures deposits, examines and supervises banks to make sure they’re healthy, and manages the fallout when they’re not. The FDIC is backed by the full faith and credit of the government, but it is not funded by the government. Member banks pay insurance dues to cover bank failures, and when that isn’t enough money, the FDIC can borrow from the federal government or issue debt.

Over the weekend, the crisis at SVB became a larger argument over the role of government in the protection of the economy. Tech leaders took to social media to insist that the government must cover all the deposits in the failed bank, not just the ones covered under FDIC. They warned that the companies whose deposits were uninsured would fail, taking down the rest of the economy with them.

Others noted that the very men who were arguing the government should protect all the depositors’ money, not just that protected under the FDIC, have been vocal in opposing both government regulation of their industry and government relief for student loan debt, suggesting that they hate government action…except for themselves. They also pointed out that in 2018, under Trump, Congress weakened government regulations for banks like SVB and that SVB’s president had been a leading advocate for weakening those regulations. Had those regulations been in place, they argue, SVB would have remained solvent.

It appears that Yellen, Powell, and Gruenberg, in consultation with the president (as required), concluded that the collapse of SVB and Signature Bank was a systemic threat to the nation’s whole financial system, or perhaps they concluded that the panic over that collapse—which is a different thing than the collapse itself—was a threat to the nation’s financial system. They apparently decided to backstop the banks to prevent more damage. But they are eager to remind people that they are not using taxpayer money to shore up a poorly managed bank.

Right now, this appears to leave us with two takeaways. The Biden administration had been considering tightening the banking regulations that were loosened under Trump, and it seems likely that the need for the federal government to step in to protect the depositors at SVB and Signature Bank will make it much harder for those opposed to regulation to keep that from happening. There will likely be increased pressure on the Biden administration to guard against helping out the wealthy and corporations rather than ordinary Americans.

And, perhaps even more important, the weekend of panic and fear over the collapse of just one major bank should make it clear that the Republicans’ threat to default on the U.S. debt, thus pulling the rug out from under the entire U.S. economy unless they get their way, is simply unthinkable.

LETTERS FROM AN AMERICAN

HEATHER COX RICHARDSON