Quick loans – IPDA Online http://ipdaonline.org/ Wed, 27 Jul 2022 19:04:05 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://ipdaonline.org/wp-content/uploads/2021/08/icon-2021-08-02T225720.860.png Quick loans – IPDA Online http://ipdaonline.org/ 32 32 Best Credit Cards for Expense Management https://ipdaonline.org/best-credit-cards-for-expense-management/ Wed, 27 Jul 2022 19:04:05 +0000 https://ipdaonline.org/best-credit-cards-for-expense-management/ If your small business has employees, managing their expenses is an important part of your overall business financial picture. Using a corporate credit card can streamline the process of processing, reimbursing, and tracking expenses. With Brex exiting the small and medium business credit card market, there are a few other business credit cards that small […]]]>
  • If your small business has employees, managing their expenses is an important part of your overall business financial picture.
  • Using a corporate credit card can streamline the process of processing, reimbursing, and tracking expenses.
  • With Brex exiting the small and medium business credit card market, there are a few other business credit cards that small businesses can use for expense management.

What does expense management mean?

Expense management is how your business processes, reimburses, and tracks your employees’ business expenses. The system you use will depend on how many employees you have and how often they incur an employee expense.

Some common expenses include:

  • Business trips, including airfare and vehicle mileage
  • Accommodation, including hotels or Airbnbs for business trips or conferences
  • Food and catering, including guest entertainment
  • Equipment such as computers, telephones or desks
  • Bills for mobile phones or other equipment
  • Business subscriptions, such as software or trade publications

The types and limits of employee expenses covered by your company should be clearly defined in your expense policy. For example, if your company only covers food but not alcohol for customer entertainment, or if there is a limit on how much an employee can spend on a hotel room for a trip, these these must be clearly defined.

Expense management can be tedious and annoying for employees, especially if it’s a manual system. But for finance teams, it’s an important way to get accurate records and be able to plan your company’s finances. For business owners, it’s also a way to manage risk, save costs and help keep your employees happy. Tracking employee expenses is also very important when tax time arrives.

Typical Expense Management Methods

There are many expense management methods that companies use. The expense management solution you choose will depend on the size of your business, the number of employees you have, and how often they need to pay their business expenses.

Manual method of expense management

A common expense management tool is the manual method. In this system, employees use their own money or personal credit cards to pay for business expenses, then fill out expense reports and submit them for reimbursement. These expense reports are often printed with receipts attached, or they can be digital PDFs with digital receipts attached, sometimes sent via email. Then these expense reports must be entered into accounting software like Quickbooks. From there, a check can be generated or, in some cases, the employee can be reimbursed directly to their bank account via direct deposit.

Mobile apps and software for expense management

Some businesses may use a mobile app that can automate the process, generating a real-time expense report as employees enter their expenses and then submit it to start the reconciliation process. Generally, these automated processes are better suited to employees, who generally prefer not to spend a lot of time on their expense reports.

Business Credit Cards for Expense Management

An even easier way to manage expenses is to use a company credit card. In this case, the cardholder can use the card for business expenses and then submit receipts for card reconciliation. The finance team would review credit card transactions and compare them to receipts with credit card statements every month, skipping the refund process altogether. This can save employees time, as they don’t have to submit expense reports, and it keeps their personal accounts separate from their business accounts.

Using a business credit card, such as a Visa or Mastercard, for expense management can help you manage expenses because you can limit employee spending by setting spending limits, limiting the types of transactions covered by the card or by limiting the amount. can pass at once. You can even pre-approve vendors or merchants and locations for better card management.

Using credit cards for business expenses also makes it easier to track expenses because all expenses are on one credit card. Many credit card companies also issue virtual cards to make it easier for your employees to use the card without having to physically have it in their possession, simplifying online transactions.

2022 Small Business Credit Market Updates

Small businesses have seen a pendulum swing from the looser fiscal policies put in place in preparation for a pandemic recovery in 2020 and 2021. The recovery in 2021 has been particularly dramatic for startups, with venture capital funding reaching record highs and billion-dollar-valued “unicorn” businesses reaching new heights.

Now that interest rates are rising, inflation is on the rise and the possibility of a recession looms, markets are facing turbulence and uncertainty. Tech stocks have been falling lately and valuations are starting to feel fragile. Many venture capitalists are concerned that tech valuations will drop and venture capitalists may even withdraw funding from some investments. As boom times seem to be slowing down or even coming to an end, markets around the world are reacting and small and medium-sized enterprises (SMEs) could start to feel some of the effects. Fortunately, where new limits are imposed, there are also new possibilities.

Brex decides to remove SMEs from its marketplace?

A big impact on small businesses in the credit market this year was Brex’s sudden announcement that they were pulling out of the SME market. As a major provider of financial services to tech companies and later retailers and restaurants, many startups and entrepreneurs have turned to Brex as a source for their business credit cards, bank accounts and other financial solutions.

In the summer of 2022, Brex announced that small customers without institutional backing would have until August 15 to withdraw their funds from their online accounts and find a new provider. The company has chosen to focus on additional financial service requests for its larger customers, including mid-sized companies with longer financial histories and easier to find underwriting. According to the two founders, traditional small businesses simply have different needs than large tech companies, and they decided to focus on helping the latter.

Nav adds Corpay to its marketplace

Even though Brex is no longer an option for SMEs, other solutions are emerging to focus on their financial needs. Nav recently added Corpay, an online financial solution designed for small businesses. Corpay is actually an expense management solution first and foremost and allows you to streamline payments to your vendors and employee reimbursements, manage employee expenses, and help you learn how to establish business credit with your credit card. professional.

Corpay offers a suite of financial solutions for small businesses, including:

  • Automated Bill Payments
  • Smart ACH Payments
  • Automated expense workflows
  • Integrations with other software in your accounting and CRM workflows, including Quickbooks, Xero, Zapier and Slack
  • Mastercard Corpay

Using Corpay for expense management

Corpay One provides small businesses with an online expense management solution and offers a corporate credit card to help manage employee expenses.

To use Corpay, your employees can download the Corpay One iOS or Android app, upload real-time receipts and send reports immediately. The app analyzes receipts so employees don’t have to enter line items for each expense as they would with a traditional or manual expense report.

The expense management platform lets you create workflows to meet your bookkeeping and accounting needs. You can set up automated approvals for expenses and even issue reimbursements the same day. The app even lets you track expenses within an in-app communication tool.

You can also use the Corpay Mastercard to control credit spending by assigning cards to your team members. You can set limits on each card separately for different transactions. Moreover, you can use the Corpay Mastercard to pay your business bills and get a discount.

If you’re looking for the right business credit card or small business loans to help your business, Nav can provide you with personalized offers that you’re most likely to qualify for. Create a free account to start seeing your options.

This article was originally written on July 27, 2022.

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Fulham will allow Rodrigo Muniz to exit loan transfer with Middlesbrough enthusiasm – but only after signing a new striker https://ipdaonline.org/fulham-will-allow-rodrigo-muniz-to-exit-loan-transfer-with-middlesbrough-enthusiasm-but-only-after-signing-a-new-striker/ Sat, 23 Jul 2022 22:33:04 +0000 https://ipdaonline.org/fulham-will-allow-rodrigo-muniz-to-exit-loan-transfer-with-middlesbrough-enthusiasm-but-only-after-signing-a-new-striker/ FULHAM striker Rodrigo Muniz is waiting to be cleared to leave on loan. And Middlesbrough want a quick response. 1 Fulham will let Middlesbrough target Rodrigo Munoz on loan… if they land a replacementCredit: Getty Muniz will be allowed to leave for the season to gain valuable first-team minutes. But he can only leave west […]]]>

FULHAM striker Rodrigo Muniz is waiting to be cleared to leave on loan.

And Middlesbrough want a quick response.

1

Fulham will let Middlesbrough target Rodrigo Munoz on loan… if they land a replacementCredit: Getty

Muniz will be allowed to leave for the season to gain valuable first-team minutes.

But he can only leave west London if Marco Silva can find an additional leader to fill his position in the Cottagers Premier League side.

Boro boss Chris Wilder wants two new forwards ahead of the 2022-23 campaign.

And he’s ready to wait for the 21-year-old Brazilian’s green light.

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Wilder has already landed two top targets this summer.

His first shot was for Blackburn centre-back Darragh Lenihan to bolster his defence.

And last week, Boro completed the loan signing of Manchester City goalkeeper Zack Steffen.

As for Fulham, they too managed two catches ahead of the new season.

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Boss Silva first beat Wolves against Sporting Lisbon presenter Joao Palhinha.

He then completed the signing of versatile Manchester United striker Andreas Pereira.

And Silva’s next target is to finally land Shakhtar Donetsk winger Manor Solomon after weeks of twists and turns.

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Pakistani rupee falls rapidly as default fears escalate https://ipdaonline.org/pakistani-rupee-falls-rapidly-as-default-fears-escalate/ Fri, 22 Jul 2022 11:11:49 +0000 https://ipdaonline.org/pakistani-rupee-falls-rapidly-as-default-fears-escalate/ Pakistan’s currency suffered its worst week in more than two decades, reflecting investor concerns that the country risks following Sri Lanka to become the next emerging economy to default on foreign repayments. The 7.6% fall in the Pakistani rupee to Rs 228 to the dollar marked the latest setback for the currency, which has fallen […]]]>

Pakistan’s currency suffered its worst week in more than two decades, reflecting investor concerns that the country risks following Sri Lanka to become the next emerging economy to default on foreign repayments.

The 7.6% fall in the Pakistani rupee to Rs 228 to the dollar marked the latest setback for the currency, which has fallen sharply this year. This is the biggest weekly drop in the rupee since October 1998.

The latest slide reflects growing concerns that a $1.2 billion IMF loan disbursement agreed last week may not be enough to avert a balance of payments crisis. Pakistani bonds have been among the worst performers in emerging markets this year.

Sri Lanka’s economic collapse and default on its external debt in May led to a full-scale political crisis last week, forcing then-president Gotabaya Rajapaksa to flee mass protests to the ‘exile.

The country’s fall was one of the most stark manifestations to date of broader fragility in emerging markets, which are bearing the brunt of greater risk aversion among investors and rising commodity prices. commodities and interest rates.

However, Pakistan’s larger population, strategic location and nuclear weapon status mean a financial crisis there would have more serious implications, analysts said.

“The international fallout from Pakistan’s internal collapse would be far greater than in Sri Lanka,” said Hasan Askari Rizvi, a Pakistani national affairs and security commentator. “I think there’s a lot out there [powers] who would like to avoid an outright disaster in Pakistan created by an economic collapse.

Fitch Ratings this week lowered its national outlook to negative from stable, noting what it called a “significant deterioration in Pakistan’s external liquidity position and financing conditions” this year.

The rating agency said central bank foreign exchange reserves had fallen to around $10 billion in June 2022, down from $16 billion a year earlier and equivalent to just over a month of current external payments. .

Pakistan’s central bank raised its main key interest rate by 125 basis points to 15% on July 7 in a bid to stem demand for foreign currency and reduce inflation.

As in Sri Lanka, Pakistan’s growing financial distress has political repercussions. To meet the terms of a $6 billion loan package agreed with the IMF in 2019, Prime Minister Shehbaz Sharif’s government withdrew fuel and energy subsidies, causing prices to spike. Subsidy withdrawals added to the impact of world market price increases caused by the war in Ukraine.

Public anger over soaring prices has already fueled an electoral upheaval. On Sunday, voters in Punjab province, Pakistan’s most populous region, gave victory to the party of former Prime Minister Imran Khan, ousted in April. Khan called for a snap election this week and said on Wednesday that Pakistan was teetering towards “economic collapse”.

“We expect political risk and political volatility to remain quite elevated heading into the upcoming elections,” said Moody’s analyst Grace Lim, which downgraded its outlook for Pakistan to negative last month. In a research note last week, the credit agency said the country’s ability to complete its current IMF program “remains highly uncertain.”

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3 tips for quick, catchy and correct stories https://ipdaonline.org/3-tips-for-quick-catchy-and-correct-stories/ Wed, 20 Jul 2022 11:14:58 +0000 https://ipdaonline.org/3-tips-for-quick-catchy-and-correct-stories/ Good writing still matters, especially for PR professionals. According to the latest HarrisX/Ragan survey, this is actually the most valued skill for communications managers. It is also the top skill that communicators would like to see enhanced among their team members. Here are three principles to help you hone your writing prowess and storytelling abilities: […]]]>

Good writing still matters, especially for PR professionals. According to the latest HarrisX/Ragan survey, this is actually the most valued skill for communications managers.

It is also the top skill that communicators would like to see enhanced among their team members. Here are three principles to help you hone your writing prowess and storytelling abilities:

  1. Spark IDEAS to write stories faster. “Thinking about the best story can be time-consuming,” says Michelle Park Lazette, marketing strategy project manager and self-proclaimed “inside reporter” at the Federal Reserve Bank of Cleveland. “If you want to write faster on time, it’s all about knowing where to go to launch great ideas.”

For example, it uses the acronym IDEAS to gather and generate concepts:

  • Industry background (trends) – Keep a record of what’s new, original or interesting in your industry for quick reference when in crisis.
  • Data – Let the numbers tell your story. Conduct a survey and report its findings or monitor your own metrics to spot changes and developing trends in everything from customer spend to raw material cost. You can also extract external data sources.
  • Events – Cover conferences and events your organization organizes or attends. Client meetings, official demonstrations or other events such as deposits and even loan applications may also be eligible.
  • Associates – It’s really about the people you work with. Are they interesting, have unique skills or experiences to share that can bring your product/service to life?
  • Seasonal and cyclical events – Check upcoming events or even holidays relevant to your brand. Regular economic announcements can also help spark stories (for example, MarketWatch has a weekly US economic calendar worth bookmarking).
  1. Think like a journalist for new ideas, and not just when pitching. Once you have an idea, you can use the “Chicken Test” to determine if it is unique and fresh. “It draws on the 5Ws of journalism in a way that helps bring a sense of fun to your writing,” says Lazette, who spent nearly a decade as a beat reporter.

Here’s how it works: “Think of your ideas as ‘chickens crossing the road,’” she explains. “[Who] are these chickens and how are they relevant to the audience? [Why] are they crossing the road now [When]? And [What] is the impact on the public? »

This last question is particularly important. “Communicators often forget why the story idea or ad is important to the audience — not just the company,” Lazette says. “The stories that best serve your organization are also the ones that best serve your audience.”

  1. Write like a journalist – stay focused, flowing and factual. Communicators can get lost in the details when putting pen to paper, running the risk of distracting or tiring readers. It’s easy to do because many of us are “word junkies” who want to bring something “more” to the page.

But you can do it while being disciplined. Here’s how:

  • Keep it short: “Time is short and attention spans are shrinking,” says Michelle Leff Mermelstein, who leads North American public relations for Nokia. “Nowhere is this more evident than in the newsroom and the emails we send to journalists. Shorter is always better.

    For example, “subject lines should be 6-10 words,” she says. “Strike a balance between brevity and specificity and avoid the temptation to be witty or cute. Keep it simple, then get out of the way. Journalists and readers don’t have much time to sift through the material looking for the story. Make it easy for them.

  • Avoid $5 words: “Jargon and technical terms slow readers down, unless you’re working with a niche audience,” says Leff. “Big words might sound fancy, but if you need a thesaurus to write your story, your readers might need it to read it.”
  • Eliminate modifiers to maximize throughput. “An easy way to make copy more concise is to remove modifiers,” says Jill Stewart, writing coach and adjunct at DePaul University. “Modifiers like adverbs can also kill the reader’s rhythm and sense of rhythm.”

His advice is to replace them with verbs that create a sense of movement.

Consider the following paragraph, from the article “Omicron Has Lessons For Us, But We Refuse To Learn Them” by New York Times journalist Frank Bruni:

“There are teachable moments and teachable eras, and since the start of 2020 we have dragged and wobbled through these. This historic pandemic has come with urgent reminders and admonishments about our individual and collective lives, but we haven’t paid as much heed to it as we should have, we’ve gotten out of it as much as we could have, wrung out as much good as we could. to all evil.”

The last sentence has a pleasant rhythm that draws the reader in. This is lost and the passage becomes less effective, even lifeless when adverbs are added:

“There are teachable moments and teachable eras, and since the start of 2020, we have been working hard and rushing through these. This historic pandemic has come with urgent reminders and admonishments about our individual and collective lives, but we have failed to heed it diligently, we have completely come out of it, we have completely ripped as much good out of all the bad as possible. .

The second selection is 10 words shorter (67 to 57), but arguably lacks the sense of flow and impact of the original.

  • Focus on facts rather than fiction. Communicators often describe themselves as passionate about words and storytellers at heart, which means we’re not always the people who matter.

“That’s why it’s critical to pay close attention to numbers and data — and to be clear about what’s real and what’s fictional in everything you write,” says Kristy Nicholas, director of executive communications. , financial and branding at GoDaddy.

In other words, avoid opinions, predictions and speculations.

“They can easily sneak into a press release, an executive quote, or even an annual report,” says Nicholas, who previously worked in investor relations at Expedia. “They’re easy to spot and are usually signaled with words and phrases like ‘I think’, ‘I believe’ and ‘I expect’.

For example, she says “XYZ Company Beat on Expectations” is an acceptable title for a press release because it’s quantifiable. But including a quote like “Looking to the future, I believe our growth will be affected by inflation and the war in Ukraine” is not.

What if you’re not sure of the distinction?

“The litmus test is simple,” she says. “Imagine a reporter saying, ‘Show me the proof. You want to be able to display an excel sheet and indicate the evidence.

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Bob Hernandez sheds light on the impact of rising inflation and rates and how markets are pivoting https://ipdaonline.org/bob-hernandez-sheds-light-on-the-impact-of-rising-inflation-and-rates-and-how-markets-are-pivoting/ Mon, 18 Jul 2022 20:13:21 +0000 https://ipdaonline.org/bob-hernandez-sheds-light-on-the-impact-of-rising-inflation-and-rates-and-how-markets-are-pivoting/ MINNEAPOLIS, MINNESOTA (July 18, 2022) – REBusiness online recently presented the insights of Bob Hernandez, senior vice president/general manager of the debt/equity team at Northmarq in Tampa, in his article titled “Borrowers, Lenders Reach an ‘Inflection Point’ in the Wake of Rising Inflation and Interest Rates”. History shows how this summer has become a […]]]>

MINNEAPOLIS, MINNESOTA (July 18, 2022) – REBusiness online recently presented the insights of Bob Hernandez, senior vice president/general manager of the debt/equity team at Northmarq in Tampa, in his article titled “Borrowers, Lenders Reach an ‘Inflection Point’ in the Wake of Rising Inflation and Interest Rates”.

History shows how this summer has become a watershed moment in the world of capital markets as commercial real estate borrowers and lenders face rising levels of inflation and interest rates. In terms of financing, borrowers are bringing more capital to deals, which has taken the form of senior equity and capital from joint venture partners, but there is an adjustment period between buyers and sellers.

“We are going to see a slowdown [in acquisitions] throughout the summer, but then picks up once everyone adjusts to the new normal and rates being 200 basis points higher and buyers needing to bring in more equity,” Hernandez said. “Buyers quickly realized that the debt was going to cost them more, so they offered a little less. Sellers have not quite adapted yet.

On the refinancing side, lenders don’t expect any slowdown, as borrowers naturally have to refinance (or sell) once their loans come due. Hernandez said borrowers are eager to get ahead of any further spike in interest rates and repay their loans early, which he says is a major change from the past few years, when interest rates were at historically low levels.

“Before, I had trouble convincing anyone to pay earlier, even a year. They always waited,” Hernandez said. “Borrowers want to refinance their construction or existing loan and enter into a long-term, non-recourse fixed rate agreement with one of our life insurance companies or Freddie Mac and Fannie Mae.”

He added that some borrowers choose to go with variable-rate debt because of the flexibility it offers, and that some borrowers suspect interest rates will come down in the coming years.

Hernandez went on to point out that a historical lens can assuage overly negative interpretations of current market conditions. “Borrowers who have been around for a while realize that low rates are gone,” Hernandez says. “They are no longer mid-2s to low-3s, they are high-4s to low-5s, but they are still good rates. For most of my career, these rates have been higher.

Read the full story at REBusinessOnline.com.

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Bitcoin ATMs – A Simple Guide to Bitcoin ATMs https://ipdaonline.org/bitcoin-atms-a-simple-guide-to-bitcoin-atms/ Sun, 17 Jul 2022 00:00:00 +0000 https://ipdaonline.org/bitcoin-atms-a-simple-guide-to-bitcoin-atms/ Bitcoin ATMs allow users to buy and sometimes sell bitcoins for cash at physical locations around the world. What is a Bitcoin ATM? A bitcoin ATM is a machine that buys or sells bitcoins for cash. These ATMs look like traditional ATMs, but they don’t connect to a bank account. Instead, they connect the client […]]]>

Bitcoin ATMs allow users to buy and sometimes sell bitcoins for cash at physical locations around the world.

What is a Bitcoin ATM?

A bitcoin ATM is a machine that buys or sells bitcoins for cash. These ATMs look like traditional ATMs, but they don’t connect to a bank account. Instead, they connect the client with a Bitcoin exchange.

Bitcoin ATMs can be a quick and easy way to buy bitcoin, and they’re also one of the most private ways to do it. Some bitcoin ATMs even allow you to buy bitcoins in cash without needing a bank account.

A Brief History of Bitcoin ATMs

The first Bitcoin ATM was installed in October 2013 in Vancouver, Canada. The machine allowed people to exchange their Canadian dollars for bitcoins. Since then, the number of Bitcoin ATMs has exploded.

As of March 2022, there were over 8,000 Bitcoin ATMs worldwide, with the majority of them in North America (4,854), Europe (2,177), and Asia (587). Now more recent figures put the total at more than 35,000 worldwide.

How Do Bitcoin ATMs Work?

Bitcoin ATMs work by connecting to a Bitcoin exchange. When you use a bitcoin ATM, the machine will give you cash for your bitcoin, or bitcoin for your cash. The bitcoin exchange rate will depend on the current market rate at the time of the transaction.

What are the types of Bitcoin ATMs?

Generally, there are two main types of Bitcoin ATMs: one-way and two-way. One-way bitcoin ATMs only allow you to buy bitcoins, while two-way ATMs allow you to buy and sell.

Benefits of Using a Bitcoin ATM?

Bitcoin ATMs offer several advantages:

  • They’re quick and easy to use – you can be up and running in minutes.
  • They are more private – you don’t always have to give the machine a lot of personal information. Some only need a cell phone number to make transactions, which makes it possible to use a “burner” phone number.
  • They are convenient – you can use them anytime, day or night.

What are the disadvantages of using a Bitcoin ATM?

Bitcoin ATMs also have some disadvantages:

  • They can be expensive – some machines charge high fees (up to 20%) for each transaction.
  • They may not be in your area – machines tend to be concentrated in cities and more populated places.
  • They are not always reliable – some machines have been known to malfunction or even disappear.

Where and how to find a Bitcoin ATM?

If you want to find a Bitcoin ATM near you, Coin ATM Radar is a great resource. Simply enter your location, showing you all nearby machines.

How to Use a Bitcoin ATM?

Using a Bitcoin ATM is relatively simple. Just follow these steps:

  1. Find a machine near you.
  2. Insert money into the machine (the amount will be converted into bitcoin at the current market rate).
  3. Enter your wallet address into the machine (this is where the bitcoin will be sent).
  4. Confirm the transaction.
  5. Get your money or bitcoins back.

What are the steps to send money to someone using a bitcoin ATM?

If you want to send money to someone using a Bitcoin ATM, follow these steps:

  1. Find a machine near you.
  2. Type in the amount of money you want to send (the amount will be converted to bitcoin at the current market rate).
  3. Enter the recipient’s wallet address into the machine.
  4. Confirm the transaction.
  5. The recipient will receive the bitcoin in their wallet.

How to withdraw money from a bitcoin ATM?

If you want to withdraw money from a Bitcoin ATM, follow these steps:

  1. Find a machine near you.
  2. Enter the amount of bitcoin you wish to sell (the amount will be converted to cash at the current market rate).
  3. Enter your wallet address into the machine.
  4. Confirm the transaction.
  5. Collect your money at the machine.

What are the fees for using a Bitcoin ATM?

Bitcoin ATM fees can vary by machine and location, but are usually around 5-8%. Some devices may also charge additional fees, such as “network fees”, which accrue to the operators of the Bitcoin network itself, not the exchange.

Are Bitcoin ATMs safe?

Bitcoin ATMs are generally safe to use, but there have been reports of scams and thefts. It would be helpful to research a machine’s reviews and reputation before using it.

The essential

Bitcoin ATMs are a good way to buy and sell bitcoins, but they come with some risk. Make sure to use machines from reputable companies that save you from having to send money to a third-party wallet.

This is a guest post by Alice Mackenzie. The opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc. or Bitcoin Magazine.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The ATF continues its investigation after the theft of 80 firearms https://ipdaonline.org/the-atf-continues-its-investigation-after-the-theft-of-80-firearms/ Fri, 15 Jul 2022 00:34:00 +0000 https://ipdaonline.org/the-atf-continues-its-investigation-after-the-theft-of-80-firearms/ ALBANY, Ga. (WALB) – WALB News 10 delves into a string of burglaries resulted in the theft of nearly 80 firearms in Albany and Lee County. The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) is investigating those responsible. There is a $10,000 reward for the information. The ATF and agencies are investigating three burglaries […]]]>

ALBANY, Ga. (WALB) – WALB News 10 delves into a string of burglaries resulted in the theft of nearly 80 firearms in Albany and Lee County.

The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) is investigating those responsible. There is a $10,000 reward for the information.

The ATF and agencies are investigating three burglaries in Albany and Lee County. The most recent being at Don’t Tread On Me Armory And Arsenal, which was hit on July 6.

Nearly 60 firearms were stolen, ranging from pistols to automatic weapons, but two more gun shops were hit before this one a month apart.

Chuck’s Gun Shop was hit in May and six firearms were seized.

A month prior, the Quick Cash pawn had been hit and 12 guns had been stolen.

Chuck’s Gun Shop was hit in May and six firearms were seized.(walb)

ATF resident agent in charge Robert Davis said these types of incidents were not new.

“It’s not uncommon to see federal firearms license holders burglarized, but yeah, that’s a lot in a small community,” Davis said.

Although local and federal agencies have not linked the incidents, Capt. Eddie Jones of the Albany Police Department said they see similarities.

“It alludes to the particular way they enter buildings,” Jones said.

Captain Eddie Jones is with the Albany Police Department
Captain Eddie Jones is with the Albany Police Department(walb)

According to incident reports, the perpetrators cut off the power by removing the meter housing.

Jones said they are still investigating whether those responsible were from Albany or out of town. They also want to know what they are doing with the weapons.

“We don’t have a good answer as to why these guns are being stolen at such a rapid rate, but we really think it’s for trade. Steal them and sell them on the street,” said Jones.

Robert Davis is the resident ATF agent in charge.
Robert Davis is the resident ATF agent in charge.(walb)

WALB spoke with two of the three business owners. None of them would go on camera because of the ongoing investigation.

At this point, law enforcement has no one of interest and the investigation is ongoing.

Anyone with information is asked to call local law enforcement or (478) 405-2440.

Copyright 2022 WALB. All rights reserved.

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Cash-strapped Pakistan could face severe economic crisis amid rapid depletion of foreign exchange reserves https://ipdaonline.org/cash-strapped-pakistan-could-face-severe-economic-crisis-amid-rapid-depletion-of-foreign-exchange-reserves/ Wed, 13 Jul 2022 08:38:00 +0000 https://ipdaonline.org/cash-strapped-pakistan-could-face-severe-economic-crisis-amid-rapid-depletion-of-foreign-exchange-reserves/ The country’s external debt service reached $10.886 billion in the first three quarters of 2021-22, compared to $13.38 billion for the whole of FY21. The country’s external debt service reached $10.886 billion in the first three quarters of 2021-22, compared to $13.38 billion for the whole of FY21. Cash-strapped Pakistan could face a serious economic […]]]>

The country’s external debt service reached $10.886 billion in the first three quarters of 2021-22, compared to $13.38 billion for the whole of FY21.

The country’s external debt service reached $10.886 billion in the first three quarters of 2021-22, compared to $13.38 billion for the whole of FY21.

Cash-strapped Pakistan could face a serious economic problem as its foreign exchange reserves are rapidly depleting amid rising external debt servicing, according to a July 13 media report.

The country’s external debt service reached $10.886 billion in the first three quarters of 2021-22, compared to $13.38 billion for the whole of FY21. It was just $1.653 billion in 1QFY22 from $3.51 billion in Q1 2020-21, but jumped to $4.357 billion in 2QFY22 and $4.875 billion in 3QFY22.

The country faces a serious threat on its external front as the State Bank of Pakistan’s foreign exchange reserves fell to single digits despite a $2.3 billion inflow from China at the end of the month last, the Dawn reports the newspaper.

“The increasing size of external debt service each quarter indicates that the government has borrowed dollars at higher commercial rates to meet its external debt repayment obligations,” the report said.

The current Pakistan Muslim League-Nawaz (PML-N)-led coalition government has not disclosed the rate at which it borrowed $2.3 billion from China.

Initially, Beijing had agreed to roll over the syndicated loans before the ousting of the previous PTI government. However, Prime Minister Shehbaz Sharif’s administration had to wait two months to secure the Chinese loan.

The financial sector and other players in the economy are still not satisfied with the hidden cost of the Chinese loan. The market is full of speculation that Chinese loans were taken at a very high rate.

“Finance Minister Miftah Ismail assured Pakistanis that the release of the $1 billion tranche is expected within days, but three months have passed without a satisfactory response from the IMF. Bankers believe the fund is dictating the government, like Washington, to do more,” the report said.

Since the International Monetary Fund (IMF) stopped financing, the country does not receive project financing from the World Bank and the Asian Development Bank.

A senior analyst said the Chinese knew Pakistan was unable to re-enter the international debt market and the IMF was in no rush to help Islamabad. This is the reason why the Chinese lent money at a very high rate.

Pakistan has been forced to pay debt service through commercial borrowing, meaning higher external debt in the next fiscal year.

Governments in fiscal year 22 which ended on June 30 could not control the influx of huge imports totaling $80 billion, creating a large current account deficit (CAD), which is enough for him alone in understanding the external weakness of the economy.

“Despite record remittances and exports, the country is unable to raise dollars from the international debt market,” the report said. Cash-strapped Pakistan is facing increasing economic challenges, with high inflation, dwindling foreign exchange reserves, a growing current account deficit and a depreciating currency.

With the current account deficit increasing to $13.2 billion in the first nine months and pressing demands for repayment of external loans, Pakistan needed $9-12 billion in financial assistance until in June 2022 to avoid a further depletion of foreign exchange reserves.

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Why DigitalOcean Stock sank on Monday https://ipdaonline.org/why-digitalocean-stock-sank-on-monday/ Mon, 11 Jul 2022 19:09:00 +0000 https://ipdaonline.org/why-digitalocean-stock-sank-on-monday/ What happened Shares of DigitalOcean (DOCN -16.29%) collapsed on Monday, falling as much as 15.3%. As of 2:11 p.m. ET, the stock was still down 14.1%. The catalyst that drove the cloud computing stock lower was negative analyst commentary which painted a rather bearish picture. So what Morgan Stanley Analyst Josh Baer downgraded DigitalOcean to […]]]>

What happened

Shares of DigitalOcean (DOCN -16.29%) collapsed on Monday, falling as much as 15.3%. As of 2:11 p.m. ET, the stock was still down 14.1%.

The catalyst that drove the cloud computing stock lower was negative analyst commentary which painted a rather bearish picture.

So what

Morgan Stanley Analyst Josh Baer downgraded DigitalOcean to underweight (sell) from equal weight (hold), while simultaneously lowering the share price target to $45 from $61, according to The Fly . For context, the adjusted price target was below DigitalOcean’s closing price of $46.30 on Friday.

Baer cited the growing risk of a slowdown in software spending, which could be more pronounced for DigitalOcean due to the company’s exposure to small businesses and start-ups, individual developers and technology companies, in particular. especially those in Asia and Europe.

As the potential for recession looms, businesses are beginning to rein in spending, and small businesses probably have the least financial flexibility. As economic risks increase, the analyst suggests caution regarding DigitalOcean, especially in light of its consumption-based pricing model.

Now what

While the analyst’s view is certainly valid, a quick look at DigitalOcean’s performance suggests that the long-term story remains intact. In 2021, revenue growth of 35% accelerated from 25% the previous year. At the same time, average revenue per user (ARPU) increased 25% and the company’s net dollar retention rate, which measures incremental spending by existing customers, reached 113%.

These trends continued in the first quarter of 2022, with revenue growing 36% year over year, ARPU up 28% and DigitalOcean’s net dollar retention rate accelerating to 117%. Even if the company is not yet profitable, it is generating positive free cash flow, which shows that its losses are the result of non-cash items, including depreciation.

Notwithstanding the economy’s natural ebbs and flows, management still expects revenue growth of 32% amid its guidance this year. Additionally, DigitalOcean’s total addressable market is expected to double over the next three years, providing the company with a significant and growing opportunity.

All of this suggests that for investors firmly set in the long term, DigitalOcean continues to tick many boxes in the “buy” column.

Danny Vena has no position in the stocks mentioned. The Motley Fool holds positions and recommends DigitalOcean Holdings, Inc. The Motley Fool has a Disclosure Policy.

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How Celsius is working to reduce its DeFi activity https://ipdaonline.org/how-celsius-is-working-to-reduce-its-defi-activity/ Sat, 09 Jul 2022 16:01:25 +0000 https://ipdaonline.org/how-celsius-is-working-to-reduce-its-defi-activity/ Decrypt DeFi is Decrypt’s DeFi email newsletter. (drawing: Grant Kempster) One of the best parts of DeFi is its transparency, and recent events in the lending market have made that clear. Everyone in the market can see who is borrowing what, how much they are borrowing and, perhaps most importantly, at what price level they […]]]>
Decrypt DeFi is Decrypt’s DeFi email newsletter. (drawing: Grant Kempster)

One of the best parts of DeFi is its transparency, and recent events in the lending market have made that clear. Everyone in the market can see who is borrowing what, how much they are borrowing and, perhaps most importantly, at what price level they are risking liquidation.

Contrast that to various deals Three Arrows Capital has entered into with partners, some of which were allegedly done without any guarantees and based solely on the good word of the 3AC crew. (Oops.)

During the current crypto crash, it was also interesting to see how the liquidation mechanisms within DeFi worked automatically. There were no backdoor deals to salvage positions, and all rules, like loans made, were fully transparent.

Suppose you want to borrow Wrapped Bitcoin (WBTC) on Aave. You will need to be fully aware of the 80% liquidation threshold, whether you are the largest hedge fund in the world or a student in Mumbai. The rules are the rules.

With that in mind, you can also equip yourself with ways to measure the health of major lenders. We can identify the portfolios of these platforms and watch them head towards liquidation (or add more collateral to avoid the worst).

This week, we got a glimpse of how Celsius has slowly but surely supplemented several of its DeFi positions.

After collecting the different crypto wallets belonging to the lender (11 were identified on Etherscan), we then created an activity ApeBoard on all of these addresses. ApeBoard is a handy viewer for crypto wallets. Instead of just using Etherscan and tracking strings of letters and numbers, the platform shows how wallets work a bit more clearly.

It looks like this:

Total value of Celsius’s 11 crypto wallets. Source: ApeBoard.

This tool is also handy because we can see which tokens they hold in large quantities (looks like Lido’s Staked Ethereum and Wrapped Bitcoin were Celsius’ favorites), which protocols these wallets primarily use (Aave and high ranked Compound), and how many debt these portfolios contain.

First, we can see that this collection of wallets has a net worth of over $1.3 billion. We can also see that she has a debt of more than 258 million dollars.

A quick scroll down the dashboard shows that this debt is split between Compound and Aave in borrowed DAI and USDC.

Let’s dive into this Aave and Compound activity. After all, just over 50% of all tokens in these wallets are held between these two protocols. And, more importantly, digging into this is relevant for a company whose withdrawals have been halted for just over three weeks.

The Cumulative Crypto Transaction History tab for this wallet shows that one of Celsius’ wallets repaid approximately $50 million in loans to Compound this week in three transactions: here, here, and here. On July 3, Celsius also appears to have repaid another USDC $50 million loan to Aave.

That’s just over $100 million in debt repayment this week alone. Clearly, Celsius is scrambling to get its books in order. But whether he will prevail or simply delay the inevitable remains to be seen.

And while the portfolio analysis above may be compelling for Celsius users, a recent report suggested that Sam Bankman-Fried looked at the company’s books and decided it was impossible to save. Obviously, we don’t see the whole picture just by looking at portfolio data on ApeBoard.

Pay attention, people. Chances are that this summer’s bear market is just beginning.

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