Category: Reddit Post

Investments Are Not All Sunshine and Rainbows_part 1

Once upon a time, there was a startup founder, let’s call him Ben. After seven grueling years of “blood, sweat, and instant noodles” (though that’s often an exaggeration, let’s believe it for the sake of the story), he finally built his “house of friendship.” With a substantial round of funding from a top venture capital firm, things were looking up. By 2011, Ben and his team were on the brink of selling their business for a cool $88 million. The deal was almost sealed, and Ben was on the verge of becoming a wealthy man. The venture capital fund that backed him stood to double its investment. But then, disaster struck. The investor, who had the power to veto such deals, pulled the plug at the last moment. “They told me to wait for a better offer,” Ben wrote in his blog. Of course, they thought billion-dollar deals were just around the corner! The better offer never came. Not after a year, not after two. The company lost its momentum – naturally, it was no longer a startup. The co-founders got burnt out and left. And when Ben finally wanted to cash in his late-night instant noodle sacrifices, he had to settle for an amount that was a mere fraction of that once-promising offer. This story is just one of many we never hear about. submitted by /u/FXgram_ [link] [comments]

The European Council has unveiled a 14th package of sanctions, targeting crypto providers established outside of Europe that support Russia’s defence-industrial base.

European leaders have adopted another package of sanctions designed to target “high-value sectors of the Russian economy, like energy, finance and trade, and make it ever more difficult to circumvent EU sanctions.” In a Jun. 24 press release, the European Council revealed that the latest package includes restrictive measures on an “additional 116 individuals” as well as entities “responsible for actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine.” Reuters notes in a report that following the latest action, the sanctions list now includes more than 2,200 entities. Among multiple restrictive measures developed to “crack down on [sanctions] circumvention,” the European Council also introduced a ban on transactions targeting crypto providers “established outside of the EU, when these entities facilitate transactions that support Russia’s defence-industrial base through the export, supply, sale, transfer or transport towards Russia of dual-use goods and technology, sensitive items, battlefield goods, firearms and ammunition.” The specifics of how European countries plan to monitor the industry for potential sanctions violations remain unclear, with some industry experts suggesting it will require extensive due diligence efforts. This development comes a few months after the European Council and Parliament agreed on stricter regulations for crypto firms to enhance anti-money laundering (AML) measures in the sector. Starting from January, crypto firms must scrutinize their customers more closely, particularly for transactions of €1,000 or more. The aim is to ensure cryptocurrencies aren’t used for illegal activities or for sanctions evasion. submitted by /u/Lor1al [link] [comments]

Launch Of 24-Hour CFD Trading on US Shares – Relief from Risk of Gapping

Stock markets typically operate within set hours each day, leaving significant events such as corporate earnings reports or geopolitical developments to occur outside these trading windows. Pepperstone‘s introduction of 24-hour CFD trading on US shares allows traders to seize these opportunities as they happen, reducing the risk of gapping when markets reopen. “One of the biggest risks equity traders face is gapping risk, when the exchange reopens, and 24-hour CFD trading on US shares helps mitigate that.” – said Tamas Szabo, CEO of Pepperstone. Popular stocks of tech giants such as Nvidia, Tesla, and Apple are included in the offering. Fees start from $0.02 per share and there is no minimum commission for the new 24-hour CFD trading on US shares. This initiative aligns with the New York Stock Exchange’s consideration of round-the-clock trading, motivated by the cryptocurrency market’s success and the increased accessibility of trading platforms. Although other brokers have introduced the option to trade during extended hours on stock CFDs in the past, Pepperstone claims to be the first to offer this service on both the cTrader and TradingView platforms, with availability also on MT5. I don’t know about you guys, but I have a sleepless week ahead of me. Source: https://www.financemagnates.com/forex/pepperstone-rolls-out-24-hour-us-share-cfds-trading-on-multiple-platforms/ submitted by /u/FXgram_ [link] [comments]

MrMBrown

submitted by /u/XGramatik [link] [comments]

Who Are Nvidia’s Next Silent Partners?

“The companies who partner with Nvidia could be the biggest stock market winners in 2024.” – Martin D. Weiss Nvidia is not just a player; it’s the kingpin in the realm of AI chips. It’s the only company that can churn out chips powerful enough for the most advanced AI applications, and in quantities that make a real difference. These AI chips are indispensable for any company delving into AI — from ChatGPT to Microsoft, Google, Amazon, and thousands more. Remember the day Nvidia’s one-day gain outstripped the entire market caps of Coca-Cola, McDonald’s, Disney, and Netflix? It’s no surprise it’s been the top stock since 2023. While Nvidia has become the golden goose of AI, there are companies quietly collecting golden eggs, flying under the radar. These are Nvidia’s Silent Partners: ASML, AMAT, SMCI, and TSM. Looking ahead, AI’s potential is limited without one key component: Data, the hell Big Data. Google has completed its fourth data center in Singapore. With this completion, the company has raised its investment in the country’s digital infrastructure to US$5 billion. Meta is investing billions in even larger data centers. This isn’t a secret. Giants like Google, Meta, Amazon, and Microsoft are all in. And Nvidia? It’s already staking its claim. Nvidia has developed specialized servers and tech designed specifically for these AI mega data centers. This is Nvidia’s trillion-dollar pivot — from being a chip manufacturer to a titan of chips AND mega data centers. This pivot is what many are missing. They don’t see the shift happening right under their noses. submitted by /u/FXgram_ [link] [comments]

meme

submitted by /u/XGramatik [link] [comments]

Marathon Pilot to Heat a Community of 11,000 Finland Residents With Bitcoin Compute Power.I think this is a very interesting solution that helps to solve the problem of the huge heat dissipation of mining farms

Marathon Digital Holdings has announced a new 2-megawatt (MW) pilot project aimed at recycling heat generated from its #bitcoin mining operations to warm a community of 11,000 residents in Finland. This initiative marks the company’s first digital asset compute operation designed for district heating solutions. The project centers on heating water at a centralized location and distributing it through underground pipes to serve the local area. u/MarathonDH is exploring ways to monetize its computational power by generating recycled heat instead of relying on fossil fuels. The concept of using excess heat from #crypto mining has been implemented for several years. In 2018, Nakamoto X co-founder Kamil Brejcha demonstrated how bitcoin mining could facilitate tomato cultivation. Similarly, Rahdi Fakhoury used bitcoin miners to power his greenhouse farm. @Heatcore_tech and @Whatsminer_MBT collaborated on a mining-powered home heating system capable of powering Whatminer devices and heating water in homes up to 200 square meters. @GE_Mining also worked with Microbt for its lighthouse heat reuse project. Last year, @HodlRev showcased a #bitcoin mining-powered clothes dryer. Moreover, @canaanio produces a home radiator, the Avalon Nano 3, which offers 4 terahash per second (TH/s) of hashrate while providing heat. Additionally, a New York City bathhouse utilized bitcoin miners to heat its hot tubs. Bitcoin mining has also been applied to produce dehydration systems and fish breeding. Marathon’s approach to utilize excess heat from bitcoin mining reflects Bitcoin’s ability to contribute positively to #environmental and community well-being. submitted by /u/Lor1al [link] [comments]

Most Talkable Assets Of The Week

🚀 NVDA – The ongoing AI frenzy that briefly made Nvidia Corp. the world’s most valuable company this week 👀 CMG – Chipotle Mexican Grill is conducting a first-ever 50-for-1 forward-stock split after the closing ball on June25. 💊SRPT – Shares of biotech Sarepta Therapeuticsare soaring 37% in premarket trading, extending gains from Thursday, after U.S. regulators gave its Duchenne muscular dystrophy treatment approval to be rolled out for broader access ⬆️ MEME – Memereum, a new altcoin, has demonstrated notable performance during its initial coin offering (ICO) presale, selling over 24 million tokens Quote of the week: ‘Few things are more certain than death, taxes, and Nvidia’ – Ryan Detrick, Carson Group Is there anything missing? Anyway, have a great weekend everybody. submitted by /u/FXgram_ [link] [comments]