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United States, 21st Aug 2024 - Imagine the internet as a vast ocean. Traditional businesses are like giant cruise ships – impressive and comfortable, but with limited access and control for most passengers. Social media platforms are bustling ports where people gather to trade stories and ideas, but rarely see direct profits from their activities. Now, picture a new type of vessel emerging on this digital sea: a community-owned sailing ship where everyone on board is both crew and shareholder. This is the essence of Virtual Equity Communities (VECs). They're collaborative enterprises where ideas can set sail, where participants can contribute their talents and resources, and where the spoils of success are shared among all who help steer the ship. Virtual Equity Communities (VECs) are decentralized online ecosystems that bridge traditional business models with cryptocurrency markets. They leverage blockchain technology, particularly meme coins, to create a pathway for global, fractional ownership in digital enterprises. VECs tie the success of real-world business operations to the growth and value of their associated cryptocurrency, enabling a new form of collaborative entrepreneurship and investment. In this article, we'll explore the key components of VECs, how UberJeets is leading this revolution, what makes them unique, and why they could represent the future of online business. Understanding VECs will be crucial for anyone looking to participate in the next wave of online entrepreneurship and investment.Meme Culture and Meme Coins Memes are like the language of the internet. They are a way for like-minded individuals to connect with each other using this shared language. If memes are the language of the internet, meme coins are its currency. Meme coins leverage the power of viral internet culture to gain traction and attract attention from crypto enthusiasts and investors. Thanks to the speed, security, and low cost of certain blockchain protocols, particularly Solana, it’s never been easier to buy or create a meme coin. But that does not mean all meme coins are created equal. Very few meme coin projects are approaching their coins like UberJeets does: A real business! Utility & Innovation – It All Starts Here The vision of UberJeets is to combine real-world business principles with meme coins, transforming the crypto market from a 'get rich quick' mentality to a place where investments can be made and grown through the power of community and innovation. This is the foundation of the VEC concept. The VEC business model starts with a monetizable product or service, usually within the crypto ecosystem, but expanding beyond that ecosystem to grow investment and the addressable market size. Meme coins, with rare exception, do not survive in the long-term. Without a real product or service, your VEC will die alongside these meme coins, whether all at once or a slow bleed.Many meme coins have “utility.” They have merchandise, NFTs and elaborate digital stories. Some capture the zeitgeist of a moment and go viral on social media. While this can be considered a business in the sense of generating some revenue, the addressable market is self-referential. You only appeal to coin holders and onlookers. Move outside that window and, without an of-the-moment meme, no one cares about what you’re offering. Other meme coins are crypto constrained. They provide some product within the crypto ecosystem. Some bridge chains, but these products are focused on the crypto market and are thus limited in their appeal to a broader audience. VECs don’t limit product development to the crypto markets. They offer something that has an audience outside of crypto. Whether this is a niche content site, or an e-commerce shop for outdoor apparel, or SEO services for plumbers. The business purposely seeks markets outside of crypto, not just to have a larger audience to market to, but also to attract new investors to the coin.By focusing on genuine utility and continuous innovation, VECs can establish a sustainable foundation for long-term growth and relevance. UberJeets is laser-focused on utility – through the Jeet Receipt, a unique Volume Bot using a SaaS model, and other revenue generating projects in development.The VEC Fly Wheel The connection between the meme coin and a real business ensures that as the business grows, so does the value of the token. This approach encourages holders to think long-term, moving away from the "pump and dump" mentality often associated with meme coins. Revenue generation is the catalyst that ignites the VEC flywheel. This self-reinforcing cycle begins with the VEC generating revenue through its core business activities. Profits are then strategically allocated through token burning, liquidity pool enhancement, marketing initiatives, and dividend payouts to token holders. This distribution enhances the token's value and stability while rewarding participants. As the token appreciates, it attracts more investors and participants. Increased community engagement drives business growth through product improvements, operational efficiencies, new partnerships, and expanded marketing efforts. This expansion generates more revenue, feeding back into the first stage and perpetuating the cycle.Tokenomics & Value Distribution VECs directly link business performance to token value through several mechanisms: automated revenue-to-token conversion, strategic token burning, liquidity pool enhancement, and dividend distribution. Smart contracts and multi-signature wallets ensure transparent and secure financial management. UberJeets exemplifies this approach, using generated revenue for marketing, token burning, increasing liquidity, and other community-beneficial activities. This system builds trust and attracts long-term investors by providing clear, tangible benefits tied to the project's success. Charity & Social Impact – A Primary Focus of UberJeets VECs incorporate social impact initiatives, allocating tokens or revenue to charitable causes. This is not an afterthought, but a core component of a successful VEC. Charity strengthens community bonds, attracts new members, and creates a shared sense of purpose beyond profit. UberJeets is directly supporting an orphanage in Mexico with essential food and health supplies. Such efforts contribute to societal good while enhancing the VEC's appeal and sustainability.VECs vs. Traditional Financial Markets VECs represent a novel approach to investment and business ownership that differs significantly from traditional financial markets. While stocks and bonds derive value from company fundamentals, VECs' value stems from a combination of social connection, innovation, charity, and community engagement. Traditional markets often suffer from issues like artificial stock price inflation through buybacks and questionable financial engineering that benefits a select few. In contrast, VECs aim to create a more equitable system where value is distributed more broadly among community members. VECs offer unique advantages: Accessibility: Anyone with an internet connection can participate, regardless of geographical location or financial status. Community Influence: Token holders in VECs have a more direct say in the project's direction through governance mechanisms. Transparency: Blockchain technology enables a level of transparency rarely seen in traditional markets. Rapid Innovation: The decentralized nature of VECs allows for quicker decision-making and implementation of new ideas, potentially leading to faster growth and adaptation. While traditional markets offer more established regulatory frameworks and historical performance data, VECs like UberJeets provide a new paradigm of investment that aligns with the digital age's collaborative and decentralized ethos. As the crypto ecosystem matures, VECs have the potential to become a significant part of the future financial landscape, offering a bridge between traditional investment models and the innovative world of decentralized finance.Building and Scaling an Ethical VEC – The UberJeets Method Launching a VEC can follow two main paths: creating a new project from scratch or reviving a "dead" or abandoned coin through a community takeover (CTO). Starting from scratch allows for more control over the project's vision but requires building trust from the ground up. This often involves the founders revealing their identities to establish credibility. Recruiting a diverse team of contributors, each bringing unique skills and perspectives, is crucial for a well-rounded project. The CTO approach, exemplified by UberJeets, involves a core group of holders taking over a project that has been abandoned or "rugged" by its original developer. This method can leverage existing community interest and technical infrastructure but requires swift action and clear communication to rebuild trust. Regardless of the launch method, scaling a VEC involves several key strategies:• Attracting and retaining members • Balancing growth with ethical considerations • Navigating regulatory challenges • Education and Transparency Ultimately, successful scaling of a VEC relies on maintaining a delicate balance between community engagement, business development, and adherence to ethical principles.Conclusion: The Future of VECs Virtual Equity Communities represent a significant evolution in the cryptocurrency landscape, and UberJeets is leading the way. VECs blend the viral appeal of meme coins with sustainable business practices, charitable giving, and community-driven governance. As shown by projects like UberJeets, VECs have the potential to transform the crypto market from a 'get rich quick' mentality to a space where long-term investments can thrive through community collaboration and innovation. The success of ethical VECs could mark a new era in digital entrepreneurship. As this model evolves, it has the potential to reshape not just the crypto market, but our broader understanding of online business and investment. Media Contact Organization: UberJeets Contact Person: UberJeets Website: https://uberjeets.xyz/ Email: Send Email Country:United States Release id:15975

Ditto Transcripts has built a new medical transcription cost calculator, so that potential clients can see how much it would cost to have their reports transcribed for them. Denver, CO, United States, 21st Aug 2024 - Ditto Transcripts, a leading provider of medical transcription services, today announced the launch of their new Medical Transcription Cost Calculator. This innovative tool, now available on the company's website, is designed to help medical practices and hospitals quickly estimate their transcription costs.In an era where healthcare providers are constantly seeking ways to optimize their operations and reduce costs, Ditto Transcripts' new calculator offers a simple yet powerful solution. By inputting basic information healthcare facilities can receive an instant estimate of their potential transcription costs."We understand that managing healthcare costs is a critical concern for medical practices and hospitals," said Ben Walker, CEO of Ditto Transcripts. "Our new Medical Transcription Cost Calculator is designed to provide transparency and help healthcare providers make informed decisions about their transcription needs."The user-friendly tool takes into account various factors that influence transcription costs, including turnaround time, audio quality, and specialty-specific requirements. This comprehensive approach ensures that the estimates provided are as accurate as possible, allowing healthcare providers to budget effectively and explore potential cost savings.In addition to cost estimation, the calculator also provides insights into potential time savings and efficiency improvements that can be achieved by outsourcing transcription services to Ditto Transcripts."We believe that by offering this tool, we're not just helping healthcare providers estimate costs, we're also opening a dialogue about how to improve their overall transcription process," added Walker.The Medical Transcription Cost Calculator is now live on the Ditto Transcripts website and is free to use. Healthcare providers are encouraged to try the tool and reach out to Ditto Transcripts for a more detailed analysis of their transcription needs.About Ditto Transcripts: Ditto Transcripts is a leading provider of medical transcription services, offering high-quality, accurate, and timely transcription solutions to healthcare providers across the United States. With a team of experienced medical transcriptionists and state-of-the-art technology, Ditto Transcripts is committed to helping healthcare providers streamline their documentation processes and improve patient care.For more information, please visit https://www.dittotranscripts.com/tools/medical-transcription-calculator/ or contact:Media Relations Ditto Transcripts Phone: (720)287-3710 Email: info@dittotranscripts.com Media Contact Organization: Ditto Transcripts Contact Person: Ben Walker Website: https://www.dittotranscripts.com/ Email: Send Email Contact Number: +17202873710 Address:3801 E Florida Ave Suite 500 City: Denver State: CO Country:United States Release id:15864

Pacific Coast Plumbing, a well-established plumbing company with over 18 years of service, is expanding its operations to the Santa Clarita and San Fernando Valleys. To celebrate this milestone, the family-owned business is offering a 15% discount on all services. Known for its reliability, expertise, and commitment to customer satisfaction, Pacific Coast Plumbing provides a wide range of services including emergency plumbing, drain cleaning, and water heater maintenance. Residents and businesses are encouraged to schedule a consultation for yearly water heater maintenance to ensure efficiency and longevity. For more information, visit their website or contact them directly. Palmdale, California, United States, 21st Aug 2024 – Pacific Coast Plumbing, a trusted name in the plumbing industry, is proud to announce its expansion into the Santa Clarita and San Fernando Valleys, marking over 18 years of dedicated service to residential and commercial customers. As part of this exciting expansion, the company is offering a special promotion of 15% off your next service, reinforcing their commitment to delivering exceptional value and quality. Since its founding, Pacific Coast Plumbing has been synonymous with reliability, expertise, and customer satisfaction. The company's growth into the Santa Clarita and San Fernando Valleys is a testament to its success and the trust it has built with its clients over the years. "We are a family-owned and operated business, and we value honesty, integrity, and 100% customer satisfaction," said Adam, Owner of Pacific Coast Plumbing. "We thrive on providing great service at a great price, and we're excited to bring our expertise to new communities in the Santa Clarita and San Fernando Valleys." Pacific Coast Plumbing offers a comprehensive range of plumbing services, including 24/7 emergency plumbing, drain cleaning, water heater maintenance, soft water systems and more. With their expansion, they are eager to extend their top-tier services to even more homes and businesses, ensuring that every client receives the highest standard of care. To celebrate this milestone, Pacific Coast Plumbing is offering 15% off your next service. Whether you need routine maintenance or an urgent repair, this limited-time offer is the perfect opportunity to experience the company's exceptional service at a discounted rate. Call to Action: Pacific Coast Plumbing encourages residents and businesses to schedule a consultation for yearly water heater maintenance today. Regular maintenance not only extends the life of your water heater but also ensures it operates efficiently, saving you money in the long run. For more information or to schedule a service, visit https://pacificcoast.plumbing/ or call 661-210-3825. About Pacific Coast Plumbing: Pacific Coast Plumbing has been serving the Palmdale area and beyond for over 18 years. As a family-owned and operated business, they pride themselves on delivering honest, reliable, and affordable plumbing services to both residential and commercial clients. With a focus on customer satisfaction, Pacific Coast Plumbing continues to be a trusted partner for all plumbing needs.  Media Contact Organization: Pacific Coast Plumbing Contact Person: Stephen Website: https://pacificcoast.plumbing/ Email: Send Email City: Palmdale State: California Country:United States Release id:15969

London, United Kingdom, 20th Aug 2024 - Net Savings Link, Inc. (OTC: NSAV), a leading Web3, blockchain and digital asset technology company, announced today exponential financial and operational achievements for the second quarter ended June 30, 2024, as filed with OTC Markets Group. Second Quarter 2024 Financial Highlights: •           Revenue: Revenue reached $11,694,622,474, marking an increase of 5,710% compared to the first quarter of 2024.•           Intangible Assets: Intangible assets rose substantially to $11,758,191,745, or $1.64 per share. This growth was a direct result of onboarding over 100 new crypto utility projects, including utility-as-a-service, blockchain development and Dapp deployment. Operational Highlights: •           Partnership: During the second quarter, the company entered into partnerships with the following partners:o          Staynexo          ZEUS Blockchain Partnerso          DiVinciPayo          BLAQcloudso          GivBuxo          WRIT Mediao          Mad Hatter Society•           Market Expansion: While in Q1, the company began integration of onramp/offramp services for the exchange and credit card onramp capabilities for the platform, it only became approved for these services in the beginning of Q3..•           Regulatory Compliance: Successfully maintained its registration with FINCEN, as well as updating applications with Lithuania, Singapore, Dubai and Ireland.  The company commenced its registration process as a Money Transmitter with the State of Colorado and Puerto Rico. The licenses and Money Transmitter registration are under various stages of the review process and we expect them to be awarded in the third quarter of 2024.•           User Growth: In Q2 2024, the company’s NSAVx CEX Exchange https://nsavx.com/ user growth exceeded 9 million users. At the end of Q2, the company purged non-active accounts to conserve system resources and bandwidth for the exchange. In doing so, the company’s active users were adjusted to 431,630. The company is currently implementing direct marketing campaigns to the over 8.5 million CEX inactive users.Third Quarter 2024 Outlook and Objectives:•           Revenue Goals: In Q3, we intend to onramp the remaining 500 projects to the platform and subsequent ecosystem. •           Growth in Intangible Assets: In Q3, we plan to begin a systematic swap schedule for utility performing projects.  The assets will be swapped for tier 1 tokens and coins such as BTC, ETH, BNB and any other digital assets that meet the company’s objectives. •           Technology Development: Launch NSAVPay, NSAvip, theVAULT, V2 of Airdropx, V2 of SWOPx and DEX integration for DaPPs.Alfonso Knoll, CEO of NSAV, stated, “First and foremost, I want to express my gratitude to all our nSAVAGES and stakeholders for their unwavering support. You spread our vision for utility and integration of blockchain technologies in real world transactions, and we thank you. Q1 was strong, but Q2 exceeded some expectations. Despite challenges and distractions, our team remained focused and driven to achieve our corporate goals. As we move into Q3 and Q4, we are laying the groundwork for future growth, and we're excited about what lies ahead for our expanding ecosystem.” About Net Savings Link, Inc.: NSAV's vision is the establishment of a fully integrated technology company, which provides turnkey technological solutions to the Web3, blockchain and digital asset industries. The Company drives innovation in the digital currency space by developing advanced blockchain technologies, digital assets, and market solutions that bridge the gap between traditional business frameworks and the future of decentralized technology. Over time, the Company plans to provide a wide range of services such as software solutions, e-commerce, financial services, advisory services and information technology.For further information please contact NSAV at info@nsavholdinginc.com For further information please contact NSAVx.com at hello@nsavxmail.com    The NSAV corporate website can be accessed at https://www.netsavingslinkinc.com  The NSAV CEX website can be accessed at https://nsavx.com/  TheAlley.io can be accessed at https://www.thealley.io  The NSAV Stock information website can be accessed at https://www.nsavstock.com  The NSAVx Token website can be accessed at https://www.nsavxtoken.com/nsavx-token The NSAVx Discord Server can be accessed at https://discord.com/invite/7Q2Vv5NmKd The NSAV Twitter account can be accessed at https://twitter.com/nsav_techThis press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Net Savings Link, Inc. to accomplish its stated plan of business. Net Savings Link, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Net Savings Link, Inc. or any other person.Contact Net Savings Link, Inc. info@nsavholdinginc.com  Media Contact Organization: Net Savings Link Inc Contact Person: James Tilton Website: https://www.nsavholdinginc.com Email: Send Email Contact Number: +17185698815 Address:26 Grosvenor Street, Mayfair Address 2: W1K4QW City: London Country:United Kingdom Release id:15944

Canada's Gift Baskets announces the expansion of its product line, offering a range of newly curated gift baskets designed for every occasion. With a focus on quality and customer satisfaction, the company enhances its offerings to cater to a broader audience. Canada's Gift Baskets, a leading provider of high-quality gift baskets, is excited to announce the expansion of its product line. The company has introduced a range of newly curated gift baskets that cater to a wide array of occasions, including birthdays, anniversaries, holidays, and corporate events. This expansion reflects the company’s commitment to providing exceptional products and services to its customers across Canada.The new collection includes a variety of premium selections, each thoughtfully designed to suit specific themes and preferences. Whether customers are looking for a luxurious spa-themed basket, a gourmet food collection, or a festive holiday package, Canada's Gift Baskets ensures that every gift is crafted with care and attention to detail."We are thrilled to offer our customers an expanded range of gift baskets that are perfect for any occasion," said Paul Dolabjian, CEO at Canada's Gift Baskets. "Our goal is to make gift-giving a seamless and enjoyable experience by providing a diverse selection of high-quality products that can be tailored to meet individual needs."In addition to expanding its product line, Canada's Gift Baskets continues to prioritize customer satisfaction by offering customizable options and ensuring timely delivery across Canada. The company’s dedication to excellence has solidified its reputation as a trusted source for premium gift baskets, making it the go-to choice for personal and corporate gifting.For more information on the new collection and to browse the full range of gift baskets, visit canadasgiftbaskets.ca. Media Contact Organization: Canada Gift Baskets Contact Person: Paul Dolabjian Website: https://canadasgiftbaskets.ca/ Email: Send Email City: Toronto State: Ontario Country:Canada Release id:15728

Earlier, the pro-Bitcoin state laws and city ordinances of Chico in California are expected to cumulatively enhance the Available Light’s administration of the Bitcoin teller machines or ATMs. In a local government committee talk held on Aug. 7, participating as the chief administrative officer at the County of Butte, Andy Pickett discussed the current actions to Bitcoin’s regulation. Pickett described some of the most recent bills in states to curb fraudulent activities regarding Bitcoin ATMs. California strengthens reporting requirements for crypto ATMs In October 2023, a legislative examine of Californian discovered roughly one third of crypto ATMs imposing a forty percent added price, whereas a handful of ATMs positioned a limit on the number of crypto purchases at $50,000. Therefore to reduce deposit amount which had become a problem, a bill was made to regulate the amount of deposit per day to one thousand dollars. Also, in California, for all the transactions that take place through the crypto ATMs, the identification of the operator and their receipt are required. TO READ FULL ARTICLE: CLICK HERE The post New Laws Aim to Regulate Bitcoin ATMs in Chico, California appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

The list is still being updated and as some of these companies strive to meet the regulatory requirements set by the Turkish Capital Markets Board it was clear that the Turkish crypto market is due for more changes soon. As the major players such as Coinbase and KuCoin strive for getting the business licenses in the country, the Turkish cryptocurrency landscape is changing vastly. Turkish individuals and businesses have soon submitted these requests following recent changes in the set laws by the Turkish Capital Markets Board or CMB which can be considered as the turning point for the emerging crypto industry of the country. TO READ FULL ARTICLE: CLICK HERE  The post Coinbase, KuCoin Among 76 Firms Seeking Licenses in Turkey’s Evolving Crypto Landscape appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

Bitcoin price drops for a second day as institutional demand for stablecoins cools. A holder, in particular, burnt nearly $90,000 in ethereum fees to perform a transaction that cost less than $2, all this having come at a time when eth’s gas fees tumbled to lows last seen in 2016. At the same time, the American authorities have declined to set a date on the listing of the Hashdex Nasdaq Crypto Index exchange-traded fund (ETF). Bitcoin price drops below $59,000 as institutions stop buying stablecoins Large investors have stopped purchasing stablecoins for the last two days thus making Bitcoin to be below a vital psychological price. Over the past day, the Bitcoin BTC price fell 3. down from $62,510 touched earlier in the week, BTC/USD was trading 9% lower at $58,930 as of 08:03 am UTC on Aug 12. BTC/USD, 1-month chart. Source: Cointelegraph The drop below the $60,000 mark was likely caused by institutions stopping their stablecoin buying frenzy, according to an Aug. 12 X post from onchain analytics platform Lookonchain:The drop below the $60,000 mark was likely caused by institutions stopping their stablecoin buying frenzy, according to an Aug. 12 X post from onchain analytics platform Lookonchain: TO READ FULL ARTICLE: CLICK HERE The post Crypto Market Update: Bitcoin Falls as Ethereum Gas Fees Hit Record Lows appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

Pump.fun, the Solana-based memecoin development platform, has seen monthly revenue from agreements hit an all-time high yet again, another indication that retail is digesting more memecoins. Pump. Retail sales of fun products hit a new monthly high at $28. 73 million worth of agreement income was generated during July, as reported by the Entropia Intel news aggregator in its Aug. 13 X post. Less than two weeks after the Pump, memecoin platform sets a record of the highest monthly income. fun outperformed the Ethereum blockchain in the average daily revenue starting July 29th when fun made $864,000 and Ethereum made $550,000 in 24 hours. This is primarily due to the rising retail interest in memecoins, especially on its native blockchain – Solana – that birthed some of this cycle’s most popular memecoins. TO READ FULL ARTICLE: CLICK HERE The post Pump.fun Hits Record $28.7M in Monthly Revenue as Memecoin Mania Soars appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

But according to a survey that was conducted recently, the ladies in crypto earn 13.9% more than men on a median salary basis which has sparked what is referred to as the ‘reversed’ gender wage gap. Full-time working women in the crypto industry in the United States earned a median of $172,000 compared to men, who earned $150,000, a compensation study by Pantera Research Lab showed. “Thus, based on the information obtained, it can be concluded that, for example, the gender wage differentials among crypto employees are quite the opposite to what experts are used to,” Pantera’s researchers Matt Stephenson, Ally Zach, and Nick Zurck noted in their update on July 29. Women at non-crypto companies primarily only make $0. Down to $0.84 for every dollar the men make, the researchers at the venture capital firm specializing in digital assets added. “The wages in crypto are not too low and not too high, which indicates that there is a shift towards better gender equality in this still rather young industry. ” Median base salaries between male and female employees. Source: Pantera Research Pantera gathered the data from 502 full-time employees in the United States from June 4 to July 20 of the year 2024. The online questionnaire was distributed through professional sites like linked in, x, through newsletters and e-mails. The higher salaries for women may partly be due to women having more work experience at crypto companies where the median time frame is 5 years. Three years as opposed to four. 5 years for men. TO READ FULL ARTICLE: CLICK HERE The post Crypto Industry Sees Women Earning Higher Median Salaries Than Men appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

While cybercriminals pose a constant danger to digital assets’ security, individuals with similar computer skills but whose motives are benevolent explained to the holders of cryptocurrencies what they can do to protect oneself against cyber threats’ attacks. On July 26, criminals employed a social engineering attack to make the users of cryptocurrencies install fake ‘conferencing software’ to steal their cryptocurrencies. Employers equally had fake recruitment services impersonating the human resource departments of genuine cryptocurrencies firms to offer phantom positions in their companies, so as to dupe applicants into providing their wallet details where they were then stripped of their money. Ethical hackers Kirill Firsov and Marwan Hachem explained more about an operation they had into the Meetly fake conferencing application. gg and detailed what users can do to prevent themselves from losing their crypto. Uncovering software used by hackers Hachem, the COO of FearsOff — the cybersecurity company — said that on July 26, they came to the scene upon a panic button being pushed, by a C-suite executive of a crypto firm. None of the cybersecurity professionals stated that while they attempted to investigate the problem, they discovered how hackers worked. Firsov, the founder and CEO of the cybersecurity firm known as FearsOff said that they had downloaded the fake software, and they had run it into an environment to see how it operated. According to the security professional, it pointed out that once the user installs the app, the data belonging to the user is transferred to the villains. He explained: “Once the application starts, it simply transfers all the important information about the computer, all the sensitive data, all the crypto wallets, to an outside server.” According to Firsov, these hackers are interested in whatever information that relates to crypto wallets and at the moment, they are searching for passwords, and any other code or key associated with wallets. “Passwords are stored in not only safe CDEs but also in plain text and nodes, Firsov added. TO READ FULL ARTICLE: CLICK HERE The post Ethical Hackers Reveal Methods to Safeguard Your Cryptocurrency appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

Earlier, the pro-Bitcoin state laws and city ordinances of Chico in California are expected to cumulatively enhance the Available Light’s administration of the Bitcoin teller machines or ATMs. In a local government committee talk held on Aug. 7, participating as the chief administrative officer at the County of Butte, Andy Pickett discussed the current actions to Bitcoin’s regulation. Pickett described some of the most recent bills in states to curb fraudulent activities regarding Bitcoin ATMs. California strengthens reporting requirements for crypto ATMs In October 2023, a legislative examine of Californian discovered roughly one third of crypto ATMs imposing a forty percent added price, whereas a handful of ATMs positioned a limit on the number of crypto purchases at $50,000. Therefore to reduce deposit amount which had become a problem, a bill was made to regulate the amount of deposit per day to one thousand dollars. Also, in California, for all the transactions that take place through the crypto ATMs, the identification of the operator and their receipt are required. “More significant is another bill that will commence in July 2025 regarding the utilization of Bitcoin ATMs, which will allow the organization to govern it like a bank. ” TO READ FULL ARTICLE: CLICK HERE The post New Laws Aim to Regulate Bitcoin ATMs in Chico, California appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

Over the weekend, Donald Trump Jr. disclosed that he is to start a new decentralized finance crypto platform intending to make up for the plethora of unequal offers in banking — but it will be a long while before that happens. Just a week earlier, the eldest son of former President Trump, Donald Trump Jr., in a live question and answer session at subscription-based platform locals on Aug 8, insisted hewasn’t releasing a memecoin for crypto pump-anddump but developing a crypto operating system to challenge the banking sector. “What we are discussing here is a bigger type of platform,” which is quite different and can’t be termed as memecoin, he added. Nevertheless, he continued to extend the time horizon for action and warn that it would be a long time before any moves could be made. TO READ FULL ARTICLE: CLICK HERE The post Donald Trump Jr. Unveils Plans for DeFi Platform to Challenge Traditional Banks appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

Bitcoin price drops for a second day as institutional demand for stablecoins cools. A holder, in particular, burnt nearly $90,000 in ethereum fees to perform a transaction that cost less than $2, all this having come at a time when eth’s gas fees tumbled to lows last seen in 2016. At the same time, the American authorities have declined to set a date on the listing of the Hashdex Nasdaq Crypto Index exchange-traded fund (ETF). Bitcoin price drops below $59,000 as institutions stop buying stablecoins Large investors have stopped purchasing stablecoins for the last two days thus making Bitcoin to be below a vital psychological price. Over the past day, the Bitcoin BTC price fell 3. down from $62,510 touched earlier in the week, BTC/USD was trading 9% lower at $58,930 as of 08:03 am UTC on Aug 12. BTC/USD, 1-month chart. Source: Cointelegraph The drop below the $60,000 mark was likely caused by institutions stopping their stablecoin buying frenzy, according to an Aug. 12 X post from onchain analytics platform Lookonchain:The drop below the $60,000 mark was likely caused by institutions stopping their stablecoin buying frenzy, according to an Aug. 12 X post from onchain analytics platform Lookonchain: TO READ FULL ARTICLE: CLICK HERE The post Crypto Market Update: Bitcoin Falls as Ethereum Gas Fees Hit Record Lows appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

Technology commentator Edward Zitron said that OpenAI, the creator of ChatGPT, currently has no viable business model to support the company’s outlook and spends too much money. However, there are quite a few industry executives who do not concur. I for one now find it impossible to imagine OpenAI in its present configuration Zitron proclaimed in the latest Where’s Your Ed At? newsletter. This comes after earlier this year, it was reported that OpenAI may report a net operating loss of up to $5 billion in 2024; which means the company may run out of cash in the next 12 months. Zitron said for OpenAI to ‘survive’ beyond 2026 it would require more equity funding than any start up in history and do so year in and year out. Furthermore, he said that OpenAI needs to solve a grand challenge to cut the cost of developing GPT by at least an order of magnitude. Source: Edward Zitron “Have a technological shift that will ensure the costs of construction and running of GPT or a model that will replace it are easily reduced by a factor of thousands of percentages,” he added. TO READ FULL ARTICLE: CLICK HERE The post OpenAI’s Future: Can It Overcome Financial Hurdles? appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

Mexico City, Mexico, 20th Aug 2024 - LANA DIGITAL SA DE CV SOFOM ENR, a leading Mexican financial institution, has announced the launch of an innovative Revolving Line of Credit. This new product, accruing interest daily and allowing users to borrow and repay at any time, is designed to provide Mexican customers with more flexible and affordable financial solutions. The introduction of this product significantly enhances Lana Digital's presence in the financial inclusion sector, positioning the company as a major innovator in Mexico's financial market. In Mexico's current credit market, many loan products have fixed terms, often leaving users with inflexible repayment schedules. This rigidity can increase the burden on borrowers and may result in costly late fees. Lana Digital's Revolving Line of Credit addresses these challenges by offering a more adaptable solution.With Lana Digital's Revolving Line of Credit, users can borrow and repay funds within a specified timeframe without needing to reapply. Interest is charged only on the amount borrowed and for the days it is used. If users repay the loan early, they benefit from reduced interest costs. This flexibility allows users to tailor their repayment plans to their financial circumstances, providing greater financial convenience and autonomy. The "pay-as-you-go" model also underscores Lana Digital's commitment to prioritizing and safeguarding its users' interests.Grace Zamora, Head of Operations at Lana Digital, stated: "Our new credit product will offer greater convenience to Mexican users. By simplifying the loan process and providing flexible repayment options, we aim to offer the financial support that more Mexicans need, irrespective of their background or financial status."About Lana Digital:Headquartered in Mexico, LANA DIGITAL SA DE CV SOFOM ENR is a financial institution regulated by CNBV and CONDUSEF. The company is committed to delivering flexible financial solutions and personalized services to its customers, leveraging innovative technology and exceptional customer service.For more information, please visit Lana Digital's official website at https://www.lanadigital.mx Media Contact Organization: LANA DIGITAL SA DE CV SOFOM ENR Contact Person: Grace Zamora Website: https://www.lanadigital.mx Email: Send Email City: Mexico City Country:Mexico Release id:15637

Trump Supports Bitcoin at Conference Speaking at the Bitcoin Conference this week, the former US leader attempted to conquer a new constituency that is concerned about bitcoin. Constituent part of this demographic sees bitcoin as means to what they regard as more liberty in Americas and other corners of planet earth. In their view, bitcoin will be an important component in a future period when mining will merge with energy generation revival while there is skyrocketing demand for AI computation. President Trump gave a stump speech, covering many themes his followers would be familiar with. Nevertheless, he also made some clear statements he hoped would help him win those who vote in relation to bitcoins. The first thing he did was prove himself among top experts in bitcoin, economists, technologists and human right activists who were present by admitting that Bitcoin currently ranks 9th globally based on capitalization market and might overtake gold one day. Of course, this was not news to bitcoiners but now this message will be heard by many conservatives who have inherent inclination towards gold and rely on Trump’s gut feeling which is certainly going to make many more conservative minds open to bitcoin and consequently, its usage. Read also: William Wang on “The Future of Jobs: How AI Will Replace Many Jobs” Trump also expressed his gratitude to bitcoiners for understanding the threat of inflation, which he said was a ‘country buster’, that once led the nation of Germany down a very dark path a hundred years ago. He said that contrary to those who think that bitcoin is a menace to the dollar, he thinks that it is Washington D. C. that poses a menace to the dollar system. The most important of all was a statement that any bitcoin that the federal government has will not be sold and will instead be stored as a “reserve. ” While he did not come out and say that the Treasury will begin to buy bitcoin, the establishment of a strategic bitcoin reserve from bitcoin already in the government’s possession is the first step that can lead to a later discussion on how much bitcoin should the government own. (Indeed, U. S. Senator Cynthia Lummis has already, after Trump’s speech, declared her intention to introduce a bill that will compel the U. S. Treasury to purchase one million bitcoins.) This, in essence, translates to the fact that the U. S. may not be too far from leading the next industrial revolution given that a good share of the bitcoin industry is based in the country. Thus, Trump’s statement today in support of individual bitcoin owners’ private property rights means that the slander of bitcoin as belonging to criminals is no longer relevant. TO READ FULL ARTICLE: CLICK HERE The post Trump Supports Bitcoin at Conference, Pushes for U.S. Strategic Reserve appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

Let me bring you up with the news that OpenAI is running a loss making business and is predicted to lose as much as $5 billion in the next year, 2024, a position that may force OpenAI, the maker of ChatGPT, out of business in the next twelve months, as analysed by The Information. As claimed in the report that relied on information from new financial documents and insiders about the business, OpenAI plans to spend over $7 billion on the AI training only and over $1. 5 billion on staffing. That is significantly higher than the claimed figure of competitors like the Anthropic backed by Amazon, which plans to reach a burn rate of $2. 7 billion. This amounts could mean that OpenAI will have to withdraw on another funding round, within the next one year, in order to strengthen it is balance sheet as stated in the report. Exactly, as of now, OpenAI was funded for seven times and managed to attracted more than eleven (11) billion dollars, information deduced from Tracxn More recently the new funding was private and Laurence and Tilan Lupin in April 2021 with funds from ARK Investment Management that the amount raised was undisclosed. Read also: DexCheck AI Revolutionizes Crypto Trading with Advanced AI and ML Analytics Earlier, OpenAI did not respond to requests for comments. ChatGPT was unveiled by OpenAI in November 2022. The AI assistant started to gain the target popularity rapidly and reached over one hundred million of weekly active users. The American AI firm revealed the development of a new generative AI, GPT-4o Mini on July 18. Source: Sam Altman OpenAI is also said to be developing another AI model that has an ability of reasoning that is far much higher than the current GPT-4o. The new model, which will be named “Strawberry”, will also respond more like a human, it is said. It experiences legal pressures, such as a possible probe by the United States Securities and Exchange Commission connected to misbehavior regarding NDAs. On July 23, US lawmakers wrote to OpenAI’s chief executive officer Sam Altman regarding safety measures and employment policies in OpenAI. TO READ FULL ARTICLE: CLICK HERE The post OpenAI Might Lose $5 Billion in 2024, Putting Its Future at Risk: Report appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.