Brand and Business Leverage Through Book Publishing

Brand and Business Leverage Through Book Publishing

Brand and Business Building?

When you think of the word brand, what comes to mind, and where does it fit in your business-building strategy?

In layperson’s terms, a brand is about the widely held perception by which a business becomes known. It is usually seen in the slogan or tag accompanying a business name.

A typical example is Nike, who is known for the slogan – 'Just do it!' Nike is associated with decisiveness and action without excuse. Another is Coca-Cola, which is supposedly ‘The real thing.’

Now, whether you believe that or not is another thing, these slogans are used to frame the perception a company wishes you to hold when thinking about them. It is all too easy to come up with desirable, flashy concepts that appeal to the minds of onlookers and retail customers, and it's quite another thing to live by it.

Brand Building through Book Publishing

Similarly, in the book publishing world, it is relatively easy to rank as a bestseller once you understand the criteria and maths involved. It is possible to manipulate the statistics in your favour. 

For example, if an author buys 5000 of their own books from Amazon, well, that equates to 5000 sales and potential bestseller status. There are many who have done that for the status and to frame the perception of their onlookers. A best seller speaks to sales but not necessarily impact.


Image Source: Amazon

This type of practice can end up as a gimmick that will eventually come back to bite if your reason to do it is purely to sell rather than impact your audience.

With this all-important issue, book publishing can plug a much-needed gap, and when done properly, you can have the best of both worlds. After all, becoming a best seller means greater exposure, visibility, and publicity, which is valuable, especially when its roots are in the objective of impacting lives with applied knowledge that works.

With book publishing, you have the opportunity to help people view you as an expert in your field. So, let’s loop back and review why you may wish to publish a book as part of building your brand and, therefore, your business.

Why Publish a Book?

A book is a vehicle for organising, articulating, and publishing your message of expertise so that many can be helped where they struggle with the problems your expertise can solve. It imparts insight into the nature of those problems and provides clear steps by way of the solution that can be applied.

Some of the most influential books are those that share the author’s journey with the struggles they have now found solutions to. Why? Because experience is more powerful than theory alone. In terms of the customer journey, it helps with that part of the journey where they get to know, like, and trust you.

When you take that knowledge embedded within the personal journey of your struggles and discoveries and combine it with real-world case studies and examples of successful application, it helps to break the isolation of their journey reader further. It enables them to know that there is a possible solution.

Your book is the articulation of your solution, and it showcases your expertise and ability to solve problems your audience may be seeking. It amplifies your authority and credibility and allows your reader to test-drive your solution.

Many may seek your skilled input beyond a DIY application if your insights speak to the gaps in their application, and they are able to start to change the trajectory of their life and business.


Image Source: Scribe Media

Stepping out into Authorship

Unpacking your expertise
A great place to start is to unpack your knowledge and expertise onto paper in no particular order. This is often referred to as a brain dump. From that place, you can then start to organise your notes under categories or themes. If you try to do both at once, it may slow the process down. For a bit of fun, why not use an egg timer and do it against the clock to sharpen focus?

If you have got this far, you are doing well, but it is a wasted effort if you do not go on to complete this process. Research shows that approximately only 3% of people go on to complete the writing of their book.

There could be many reasons, including perfectionism, writer’s block, uncertainty about the process, and low confidence. Some people express themselves better in writing than verbally; for others, it is the other way around. Maybe, for some, the ‘imposter syndrome’ sets in because they perceive it to be too prestigious.

Things that could help are being interviewed by someone or recording your expressions in order to retain your voice and style of expression. Alternatively, you could consider getting someone to write your book once they have grasped the core points of your message. This is something that footballers and managers do. They hire ghostwriters to help them get their books out there. There are many ghostwriters, whether for fiction or non-fiction. 

You could go to a freelance site like fiverr. On the other hand, if you are a changemaker, you might prefer a more personalized approach compared to a traditional commercial approach to ghostwriting, so that would require more in-depth research to find someone who resonates with your criteria and will assist you throughout the process to break the overwhelm.

Authorship via Books
You can learn how to write a book by picking up the books of those who have inspired you and observing their literary style and organisation of expertise. Here is an example of one regarding leadership.

Authorship via Book Fayres
If you prefer the offline world where you can meet people face to face, you should visit a book fayre. They will cover everything from writing to publishing and promoting. Many agents and dealers will be advertising their publishing services.

Authorship via Teaching
The process of publishing a book can be daunting for many, so it may be unsurprising that only about 20%  go on to publish their book.  After all, beyond the writing and publishing of your book, there is the promotion to think about as well.

You might wish to enroll in an online masterclass in order to become an author, and there are many out there from those who want to be the next Malcolm Gladwell or otherwise.  

Authorship via Online Summits 
Suppose you want to garner the wisdom of people across the globe. In that case, online summits are a great idea because they focus on sharing the knowledge and experiences of many authors, which will bring many different facets to your authorship journey.

Some are paid in that either you pay to attend, or if you take part as one of the speakers, there is an expectation to cross-promote the event and the other speakers with a financial reward. In other words, the speaker becomes an affiliate of the summit.

There are others that are not so. These types of summits draw those who genuinely want to share and simply encourage you to share with no expectation of reward, which I prefer these days and have contributed to. 

Roger Bannister Effect

The great thing about exposing yourself to people who have been there and done it is that when you see so many authors who have gone before you who have just done it, it helps to raise the belief that it can be done and that you can do it. I often refer to this as the Roger Bannister Effect.


Image source: Wikimedia

Roger Bannister broke the 4-minute mile, and when he did so, many went on to break it because, in his accomplishment, his demonstration broke the limiting belief that it was impossible. Nelson Mandela is often quoted as saying, “It always seems impossible until it's done.”

Publishing

There are a few options depending on how much control you want over the editing, marketing, and royalties. You might decide to self-publish and get your book on Kindle and Amazon. 

You can also get help publishing your book on Amazon and Kindle through freelance sites, which is an obvious starting place for many who are starting out. If you decide to use Amazon as a start, consider how you will capture the contact details of prospective readers first so you can grow your audience, not just your book sales.

You might wish to hire a publisher who will offer in-house publishing and promotional services. You might even consider a major publisher if you have an already established audience, but be prepared for less control and royalties.

I recall writing my first book publishing project, and I will share this experience on my personal blog at some point, as there were many things that went well and things that did not, but it was a valuable experience, one that I can build on. 

The key thing is to get started. There is no substitute for experience; you can always iterate and improve as you go along. So now it's your turn.

Become an author of your expertise and turn the impossible into possible so that you can make a difference and impact the lives of those seeking what you have to offer.

 

 

About: Anita Narayan. (United Kingdom) My life's work is about helping individuals to greater freedom through joy and purpose without self-sabotage, so that inspirational legacy can serve generations to come. Find me at my Markethive Profile Page | My Twitter Account | and my LinkedIn Profile.
 

 

 

 

 

 

Tim Moseley

Gold silver weaker as USDX continues its rebound

Gold, silver weaker as USDX continues its rebound

Gold and silver prices are moderately lower in midday U.S. trading Monday, pressured by the U.S. dollar index continuing its recovery after hitting a 15-month low last week. Focus of the marketplace is on a key central bank decision at mid-week. August gold was last down $4.50 at $1,962.00 and September silver was down $0.245 at $24.61.

The U.S. data point of the week is the Federal Reserve's Open Market Committee (FOMC) meeting that begins Tuesday and ends Wednesday afternoon with a statement. Most market watchers believe the Fed will raise the main U.S. rate, the Fed funds rate, by 0.25%. As usual, the marketplace will closely scrutinize the FOMC statement and Fed Chair Powell's remarks at his press conference for clues on the trajectory of Fed monetary policy in the coming months.

A Barron's news headline today reads: “Tech earnings, Fed rate call, inflation data—expect crucial answers this week."

Asian and European stock markets were mixed in quieter overnight trading. U.S. stock indexes are mixed at midday. The U.S. stock indexes are hovering near their highs for the year.

Kitco daily macro-economic/business digest – July 24

The key outside markets today see the U.S. dollar index firmer. Meantime, Nymex crude oil prices are higher and trading around $79.00 a barrel. The benchmark 10-year U.S. Treasury note yield is presently fetching 3.837%.

Technically, August gold futures bulls have the slight overall near-term technical advantage but need to show fresh power soon to keep it. Prices are in a three-week-old uptrend on the daily bar chart, but just barely. Bulls' next upside price objective is to produce a close above solid resistance at $2,000.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at the June low of $1,900.60. First resistance is seen at today's high of $1,969.80 and then at Friday's high of $1,975.90. First support is seen at last week's low of $1,958.10 and then at $1,950.00. Wyckoff's Market Rating: 5.5.

September silver futures bulls have the overall near-term technical advantage. A four-week-old price uptrend is in place on the daily bar chart. Silver bulls' next upside price objective is closing prices above solid technical resistance at $26.00. The next downside price objective for the bears is closing prices below solid support at $23.00. First resistance is seen at today's high of $24.89 and then at $25.00. Next support is seen at today's low of $24.425 and then at $24.00. Wyckoff's Market Rating: 6.0.

September N.Y. copper closed up 310 points at 384.90 cents today. Prices closed near the session high today. The copper bulls and bears are on a level overall near-term technical playing field amid choppy trading. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at the June high of 396.40 cents. The next downside price objective for the bears is closing prices below solid technical support at 368.30 cents. First resistance is seen at 388.85 cents and then at 396.40 cents. First support is seen at last week's low of 378.10 cents and then at 374.25 cents. Wyckoff's Market Rating: 5.0.

By

Jim Wyckoff

For Kitco News

Time to Buy Gold and silver

Tim Moseley

It was a disappointing week for gold prices this past week

It was a disappointing week for gold prices this past week.

Sure, the precious metal just barely pulled off a gain of +0.3%. However, XAU/USD reversed most of its upside progress in what could have been a 1.8% rally. Let us take a closer look at the price action.

On the daily chart below, gold was seen struggling to hold a push above the 23.6% Fibonacci retracement level of 1971.63. The breakout was false at the conclusion of last week. That is now placing the focus on support. This is a combination of the 1936 inflection point as well as the 50-day Simple Moving Average.

Prices remain above the 50-day SMA, which is offering a cautious upside technical bias. From here, this line may hold as support, reinstating an upside focus. Otherwise, extending lower places the focus on the 38.2% Fibonacci retracement level at 1903, as well as the former falling trendline from May.

In the event of a turn higher, keep a close eye on the 14.6% level at 2013 before retesting the 2048 – 2080 zone.

Chart Created in TradingView

It was a slightly worse story for silver prices last week. XAG/USD finished -1.4% over the past 5 trading days. Like gold, there was a false breakout above the 23.6% Fibonacci retracement level of 24.66 as prices were unable to push through the 14.6% point at 25.22. A turn lower from here leaves silver facing the 20-day SMA, which may maintain the near-term upside bias.

But, getting there entails clearing the 38.2% level at 23.75. Clearing both this point and the SMA would offer a stronger bearish conviction, placing the focus on lows from June. Otherwise, extending higher places the focus on highs from April 2022. The latter makes for a range between 25.85 and 26.21.
 

Silver Daily Chart

Chart Created in TradingView

— Written by Daniel Dubrovsky, Senior Strategist for DailyFX.com

Tim Moseley

Here Are 3 Cryptocurrencies To Hold For The Coming Bull Run

Here Are 3 Cryptocurrencies To Hold For The Coming Bull Run

By JOHN KIGURU — 23 July 2023

Here Are 3 Cryptocurrencies To Hold For The Coming Bull Run

The crypto market is unpredictable primarily due to its volatility. And making money in a period such as this requires strategic positioning. Positioning yourself for gains in the market can be done by investing in low or mid-risk assets and finding new projects with high potential to blow up. Uwerx is a new project still on presale, and investors say it has the potential to be the biggest investment of 2023. Similarly, Litecoin (LTC) and Monero (XMR) are showing some resistance despite Bitcoin’s (BTC) recent decline.

Monero (XMR)

Monero (XMR) is a popular privacy token that protects users’ information from malicious attacks and hacks. While the platform has had some kickbacks due to cases of hacks and exploits, it still strives to improve its performance.

Late last year, Monero (XMR) took steps by creating a hard fork to strengthen its security. The new update brought some significant developments, which allow the network to hide the number of transactions carried out on the network and only display the origin and destination of transactions. Monero (XMR) has taken some steps to improve privacy and security features.

Despite the recent news of Binance delisting the XMR token across 4 different countries, the token is among the few that saw minor increases over the last few days.

Litecoin (LTC)

Litecoin (LTC) is a crypto project built to be an advanced alternative to the Bitcoin blockchain in scalability. The cryptocurrency has seen a spike in activities and price performances in the last few weeks, mainly due to its upcoming halving. The project is slated to undergo its halving by August, and this has spurred some price increases. LTC is 2.37% higher today and 9.96% over the previous week. More increases are anticipated as the network’s halving plans get closer.

Uwerx (WERX)

The furious pace of technological innovations has contributed immensely to the freelance industry’s growth. And Uwerx is a new technology that looks to fast-track development. Uwerx is a crypto project about to launch on the Ethereum blockchain.

Uwerx aims to open the door to a world of possibilities through its cost-effective services and additional solutions to improve freelancer experiences. The project already took the first step through its Alpha version launch and is getting ready to move on to the next stage in its roadmap. Uwerx has a clear road map of restructuring and redefining blockchain technology and is progressing rapidly towards achieving these goals.

The current fifth stage of the presale offers an excellent opportunity to acquire tokens at a favorable rate of $0.05245, sweetened by an attractive 15% bonus. This creates an ideal window for engagement. However, it’s important to bear in mind that this rate will rise to $0.06294 on Tuesday, February 25th, 2023, at 18:00 UTC.

Presale: invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

Website: https://www.uwerx.network

Crypto News Flash Disclaimer: This publication is sponsored. Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should conduct their own research before taking any actions related to the company. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

Article written by John Kiguru, and posted on the Crypto News Flash website.

Article reposted on Markethive by Jeffrey Sloe

Tim Moseley

About The Markethive Wallet – What You Need To Know

About The Markethive Wallet – What You Need To Know

Great news, Markethivers! The wallet is now installed on the Markethive platform. Markethive has kept its promise and delivered a complete working wallet. This mighty, robust, and secure wallet encompasses all aspects of facilitating your business and securing all your financials within Markethive, like earnings and payments, dividends paid from your ILPs, retail products, etc. 

This is a significant step in the right direction for monetizing Markethive’s ecosystem as it endeavors to ensure and restore sovereignty and financial freedom increasingly being stripped from us by a global authoritarian regime. This article will illustrate what you need to know and do to access the now-operational wallet. 

Understand that access and functions of the wallet are only for Entrepreneur One (E1) members at this stage. E1 members can now retrieve their Hivecoin (HVC) from their cold storage to their hot wallet. (You can do this in preparation for the forthcoming coin exchanges and your 3rd party self-custody wallet.) You can also transfer HVC to other members within Markethive via the wallet. 

Access The Markethive Wallet

To access your wallet, tap on the wallet icon on your Markethive dashboard (portrayed in the image above). A popup of the wallet will appear on your screen. If you haven’t completed your KYC, you will see a stop sign (pictured below) and a prompt for you to initiate the KYC protocol. You must complete the KYC process and 2FA for access to the Wallets section of the Markethive Wallet. (Note: The 2FA protocol will be installed into the Security section of the wallet in due course.) Meanwhile, you will have confirmed your 2FA when logging in to Markethive. 

The non-E1 KYC-approved members will see the banner announcement (pictured below) until its full release. The image in the wallet has a link should you wish to upgrade to Entrepreneur One to gain early access and take advantage of all the benefits offered, including becoming a shareholder by securing the ILP (Incentivized Loan Program), which will pay a monthly dividend on the net profit of Markethive’s revenue. The E1 membership will no longer be available from the company once the wallet has fully launched. 

About KYC And 2FA

In Markethive’s case, KYC is for the community’s benefit of knowing who they are engaging with and not for governmental regulations, unlike exchanges and others.  It assures Markethive members that you are a real person, dedicated to honest and transparent relationships in business and socially. The purpose is to have an active, dynamic, and secure “hive of people.” Note that once KYC is approved, the documents uploaded to attain approval are all deleted; Markethive does not keep these documents. 

The short selfie video required in the Markethive KYC protocol is kept on file so you can retrieve access to your account if you lose it. The admin can verify you with that video if you lose your device and the 2FA app needed to utilize your Markethive account and wallet. You just make a short video requesting access to your account and how you lost access. The video prerequisite is another layer of security to prevent your account from getting hacked. It also prevents members who have signed up but are not verified from hacking or spoofing.   

This article comprehensively explains the 2FA installation and protocol for various devices. Since Markethive introduced 2FA at login, most members have successfully activated it; however, some still need clarification or have issues with it. The most common problem people have with the Google Authenticator app is an incorrect code. If your code is incorrect, it usually means you entered it after it expired. The code changes every 30 seconds. 

If you input your code within the allotted time and it’s still incorrect, it means the time on your Android device is not synced with your local time zone. To remedy this, open the Google Authenticator app on your Android device. In the top right, select More ⋮ > Time correction for codes > Sync now. On the next screen, the app confirms the time is synced.

Markethive Wallet Security

More and more platforms are utilizing this protocol for security reasons. Markethive has taken it further with its unique, never-been-done-before system to provide the most extreme security that virtually makes it impenetrable. Unlike other platforms, we have a comprehensive financial accounting hub that can be likened to a bank. Your assets in your wallet are precious and, in most cases, can be considered a livelihood.  

You must set up the Markethive security protocol as it is needed to transfer HVC to any other 3rd party wallet once HVC has been officially named and can be listed on various self-custody wallets. More about Hivecoin in a forthcoming article. This security consists of the following: 

  1. Your Security word. 
  2. Your security image and word.
  3. Confirm your 2FA.
  4. Retrieve the code sent to your email on record with Markethive.

The security of such a system needs to be severe and is very necessary in today’s world of massive corruption.

How To Retrieve Your HVC From Cold Storage

The above Markethive security protocol is unnecessary for internal transfers. However, as Markethive is currently on the Solana blockchain, you must have a small amount of Solana coin (SOL) in your Markethive wallet to facilitate the transfers, whether within your Markethive wallet or externally. As shown in the image below, only a minuscule amount of SOL (0.002) is needed to retrieve your HVC from cold storage to your hot wallet balance.  

First, to deposit SOL into your Markethive wallet, go to your Markethive Wallets section > Go to Solana Wallet > In the drop-down menu, tap ‘Receive Solana’ > Copy your Solana address. Then, go to the wallet where you hold the Solana coin and complete the transaction. Your chosen amount of SOL will be in your Markethive wallet instantly. 

You can then retrieve your Hivecoin from cold storage into your hot wallet to access your HVC for transactions. Once in the hot wallet, you can transfer to anyone within Markethive, or any wallet you or anyone else has where the HVC is listed.  

HVC Retrieval Guidelines

Another great reason to have Entrepreneur One status is that E1s have no limit on retrieving Hivecoin from the cold storage to the hot wallet. This drastically reduces the risks of bottlenecks that can occur when restrictions are in place. These guidelines are as follows: 

  • E1s have limitless retrieval of Hivecoin from cold storage to the hot wallet.
  • Premium upgrades can retrieve 10 HVC per day. 
  • Free members can retrieve 0.01 HVC per day. 

Become an E1 Now. Time Is Running Out!

Markethive has built a system that works for the average entrepreneur and will continue to expand and reach new heights with its unique concepts and products. The wallet is now complete and functional for the Entrepreneur One members. You will want to become an E1 when you understand what Markethive is doing with the Entrepreneur One Upgrade. 

It’s Markethive’s vision and mission to spread the wealth with as many who are willing to be part of this. You bless Markethive by upgrading to Entrepreneur One now and be prepared to be blessed a thousandfold. This is your company, your online business, and your home. These memberships will be sought after, demanding huge prices on the upcoming E1 Exchange, and sold by E1 members who understand and believe in the vision with the foresight to acquire multiple E1 accounts. 

Entrepreneur One Upgrade. A Reciprocal Blessing. It Works Both Ways!

Secure your share of Markethive and experience exponential growth of your income and legacy. You are welcome to purchase multiple Entrepreneur One subscriptions, which multiplies your income accordingly. Time is running out as the E1’s availability from the company will soon come to a close when the Markethive Wallet is released to the community. This is your chance to secure an E1 membership from Markethive for free, help pioneer, and own part of the world’s first blockchain-driven social market broadcasting network of the future, where we stand for freedom and hold dear your sovereignty. 

 

 

Editor and Chief Markethive: Deb Williams. (Australia) I thrive on progress and champion freedom of speech. I embrace "Change" with a passion, and my purpose in life is to enlighten people to accept and move forward with enthusiasm. Find me at my Markethive Profile Page | My Twitter Account | and my LinkedIn Profile.

 

 

 

 

 

Tim Moseley

Eyes on the Fed the ECB and the BOJ

Eyes on the Fed, the ECB, and the BOJ

Next week, markets will be digesting the Federal Reserve, the European Central Bank, and the Bank of Japan's monetary policy statements.

There was a lot of optimism this week that the Fed was close to being done with its tightening cycle despite Powell's promises of at least two more rate hikes this year.

"The Fed is almost certain to hike its policy rate by 25bp to between 5.25% and 5.50% at next week's FOMC meeting, but we increasingly believe that will prove to be the peak," said Capital Economics chief North America economist Paul Ashworth.

Behind this optimism was June's inflation data, which showed inflation sharply cooling in the U.S. The consumer price index rose 3% last month — the slowest pace in over two years. And the core CPI measure, which excludes volatile food and energy prices, was up 4.8%, marking the slowest advance since 2021.

"Despite the 'higher for longer' rhetoric from officials, a more marked decline in core inflation and easing in labor market conditions in the second half of this year will eventually persuade the Fed to pivot and cut rates aggressively next year," Ashworth noted Friday.

For next week's FOMC statement, analysts will pay close attention to any changes to the inflation narrative and how strongly the Fed maintains its tightening bias.

"In his press conference, Chair Jerome Powell may even go as far as to stress that additional rate hikes this year are still necessary," Ashworth said. "Markets are unconvinced, however, and broadly agree with our view that the Fed is almost done tightening."

Before the Fed can signal that it's done raising rates, there will be a period of uncertainty and data dependence, said TD Securities senior commodity strategist Ryan McKay. And for gold, it could mean a pause before the next move higher.

"Speculators have been unwilling to fully buy into the bullish gold narrative," McKay said Friday. "Indeed, discretionary traders and investors have thus far remained on the sidelines for now. But, this also offers the potential for additional upside should Fed expectations turn more dovish, and this cohort begins deploying their dry-powder."

The ECB is also expected to raise rates by 25 basis points on Thursday, with analysts paying close attention to ECB President Christine Lagarde's comments. Meanwhile, the BOJ is projected to keep rates steady and its yield curve control unchanged.

"It seems that while the BOJ stands pat, the other major central banks are tightening, and that should continue to drive that interest rate differential trade," Moya pointed out.

 

Data next week

Tuesday: U.S. CB consumer confidence

Wednesday: Fed decision, U.S. new home sales,

Thursday: ECB decision, U.S. jobless claims, U.S. durable goods orders, U.S. GDP Q2, U.S. pending home sales

Friday: BOJ decision, U.S. PCE Price Index

By

Anna Golubova

For Kitco News

Time to Buy Gold and silver

Tim Moseley

Cardano 2023: 5 Pioneering Blockchain Projects Reshaping Industries

Cardano 2023: 5 Pioneering Blockchain Projects Reshaping Industries

By JEFF — 22 July 2023

Cardano 2023: 5 Pioneering Blockchain Projects Reshaping Industries

  • Cardano blockchain is witnessing significant growth with innovative projects spanning AI, telecoms, cloud storage, prediction markets, and meme-centric coins.
  • Five exciting projects on Cardano, including CardanoGPT, World Mobile, Iagon, Foreon Network, and Snek, are set to revolutionize various industries.

Cardano 2023: 5 Pioneering Blockchain Projects Reshaping Industries

Cardano, the third-generation Proof-of-Stake blockchain, is rapidly becoming a hub of groundbreaking projects, aiming to transform various industries through the power of blockchain technology. As we move through 2023, the Cardano ecosystem is bustling with new ventures, each offering unique solutions to reshape the future. Here are the top five most captivating Cardano projects poised to make a lasting impact:

1: CardanoGPT: Enhancing Cardano’s Potential with AI

CardanoGPT is a promising addition to the Cardano ecosystem, leveraging the potential of artificial intelligence and blockchain technology to enhance the functionalities and efficiency of Cardano-based projects. By driving innovation and collaboration, CardanoGPT is working alongside renowned projects to elevate their operations. Already having launched its operational MVP, ReplyADA, a dedicated Twitter bot for the Cardano ecosystem, the platform plans to introduce its utility token, $CGI, to further boost the project’s ecosystem.

Tweets by replyada

2: World Mobile: Empowering Connectivity in Underprivileged Regions

Built on the Cardano blockchain, World Mobile is on a mission to provide reliable and affordable connectivity to underprivileged regions, particularly in Africa. Utilizing a unique combination of satellite and terrestrial infrastructures, World Mobile aims to revolutionize internet access across the continent’s remotest areas.

3: Iagon: Decentralized Cloud Storage for Enhanced Security

Iagon is leading the charge in offering a secure, scalable, and efficient decentralized cloud storage solution on the Cardano blockchain. By leveraging a peer-to-peer network for data storage, Iagon ensures higher efficiency compared to traditional cloud storage providers.

4: Foreon Network: Empowering Decentralized Prediction Markets

Foreon Network is set to establish a decentralized prediction market platform on Cardano, enabling users to predict the outcomes of various future events, backed by a provably fair system. The project uses a unique blend of $FRN tokens and Foreon NFTs to ensure seamless operations.

5: Snek: The Playful Meme Coin on Cardano

Representing the lighter side of crypto, Snek is a meme coin launched on the Cardano blockchain. As a deflationary coin, its supply will decrease over time, potentially driving up its value. The project encourages community-driven decision-making, allowing users to directly influence its future.

These five trailblazing projects exemplify the versatility and robustness of the Cardano blockchain, showcasing its potential to revolutionize various industries and create exciting opportunities for crypto enthusiasts and investors alike.

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.

Article written by Jeff, and posted on the Crypto News Flash website.

Article reposted on Markethive by Jeffrey Sloe

Tim Moseley

Market participants brace for the potential of more hikes after next week

Market participants brace for the potential of more hikes after next week

Members of the Federal Reserve tend to keep their future actions close to their chest revealing little insight as to any upcoming revisions to their aggressive monetary policy that has been in play since March 2022. While they have announced that they plan to implement two more quarter-percent rate hikes by the end of the year, many investors, economists, and analysts believe that next week’s rate hike will mark a conclusion to the aggressive campaign the Fed has undertaken to reduce inflationary pressures.

The CME’s FedWatch tool has conveyed an exceedingly high probability of a rate hike this month but is predicting a high probability that the next rate hike could be the last by the Federal Reserve this year. The probability that the Fed will raise rates next week has grown from 96.7% a week ago, to 99.2% yesterday. Today the CME’s probability indicator is now predicting a 99.8% probability that the Fed will raise rates next Wednesday.

At the same time if you look out to the three remaining FOMC meetings scheduled for this year there is a reasonable possibility that they will let rates stand between 5 ¼% and 5 ½% for the remainder of the year. The likelihood now stands at 84.9% that the Fed will pause and leave rates at their current levels in September, followed by a 70.8% probability that they will continue to maintain those levels in November, and a 65.3% probability that by the end of this year, the Federal Reserve’s benchmark terminal rate will stand pat between 5 ¼% and 5 ½%.

The question becomes will the written statement released after Wednesday’s meeting or comments made during the press conference by Chairman Powell allude to the potential that their aggressive rate hikes may be concluding? Members of the Federal Reserve especially the chairman is very guarded when it comes to monetary policies in recent history Powell’s statements might not express that possibility or even mention whether such discussions were on the table between Fed members during next week’s critical FOMC meeting.

It is this uncertainty that is once again moving gold to lower ground while at the same time strengthening the dollar. As of 6:20 PM EDT, gold futures basis the most active August contract is down $7.00 and fixed at $1963.90. Today’s settlement price is just above the 100-day simple moving average. But it must be noted that gold traded to an intraday low that broke below both gold’s 100 and 50-day moving averages.

The dollar continues to gain traction gaining 0.21% in trading taking the dollar index to 100.81. It is quite feasible that we see continued dollar strength and lower gold prices before Wednesday’s conclusion of this month’s FOMC meeting. While there will be a lot of conjecture and assumptions on possibilities that might occur after the September meeting it seems unlikely that it will be revealed in the federal reserve statement released at the conclusion nor found in the words of Chairman Jerome Powell when he holds his standard press conference one’ half-hour after the meeting concludes.

By

Gary Wagner

Contributing to kitco.com

Time to Buy Gold and silver

Tim Moseley

UK Government Firmly Rejects Proposal To Treat Crypto Like Gambling

UK Government Firmly Rejects Proposal To Treat Crypto Like Gambling

By Brenda Ngari – July 21, 2022

The United Kingdom’s HM Treasury has dismissed a House of Commons Treasury Committee recommendation to regulate the crypto industry like gambling, noting that it “firmly disagrees” with the committee’s view.

British Government Disagrees With Lawmakers’ Call

The British Finance Ministry has thwarted the idea of classing crypto trading as gambling.

Andrew Griffith, U.K. Economic Secretary to the Treasury, told parliament’s Treasury Committee on July 20 that the finance ministry “firmly disagrees” with its recent recommendations to regulate retail trading and investment activity in cryptocurrencies as gambling.

The law change was presented in May 2023 by a panel of British lawmakers. In its proposal, the committee argued that crypto assets had “no intrinsic value” and warned against regulating them as financial assets, as it could create a “halo effect” that tricks consumers into thinking that investing in cryptocurrencies like Bitcoin and Ether is safe.

According to Griffith, such an approach would put the country at odds with globally agreed standards and could push crypto asset activity overseas. Additionally, regulating crypto like gambling would not address some risks, such as market manipulation or unacceptable disclosures associated with trading them.

Regulating Crypto As A Financial Service

The government response noted that it is already working on regulating the crypto market, and proposed legislation was introduced to parliament and debated in June.

The statement from the U.K. government further indicated that regulating crypto as financial assets is more suitable for addressing the risks of unbacked cryptocurrencies and creating the conditions necessary for safe innovation.

The rejection comes after the Chancellor of the Exchequer, Rishi Sunak; last month announced plans to make the country a global Web3 hub. Sunak is intent on providing regulatory clarity concerning how crypto-focused businesses should register and operate within the UK. “We must embrace new innovations like web3, powered by blockchain technology, which will enable start-ups to flourish here and grow the economy,” Sunak posited at the time.

DISCLAIMER: None Of The Information You Read On ZyCrypto Should Be Regarded As Investment Advice. Cryptocurrencies Are Highly Volatile, Conduct Your Own Research Before Making Any Investment Decisions.

The original article written by Brenda Ngari and posted on ZyCrypto.com.

Article reposted on Markethive by Jeffrey Sloe

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Tim Moseley

Gold encounters technical and fundamental resistance at 1980

Gold encounters technical and fundamental resistance at $1980

Gold futures are definitely under pressure today, with the most active August 2023 contract down $8.70 or 0.44% and fixed at $1972.10. The root cause is dollar strength that overcame fractional buying and still was able to take gold prices moderately lower. While gold futures declined by 0.44% the dollar gained 0.56% with the differential indicating that market participants were lightly bidding the precious yellow metal higher. Currently, the dollar index has moved back over 100 and is currently fixed at 100.545.

This can also be seen in spot gold pricing which according to the Kitco Gold Index (KGX) is currently fixed at $1969 per ounce, down $7.50 on the day. However, on closer inspection dollar strength reduced an ounce of gold by $10.50, and normal trading bid gold prices $3.00 higher resulting in today's decline.

This is quite different from silver pricing today which is also trading lower. Currently, the most active September 2023 futures contract is fixing silver prices at $24.95 down approximately $0.44. Spot silver is currently fixed at $24.72 after factoring in today's decline of $0.39. However, unlike gold prices silver traded lower from both dollar strength and market participants bidding silver lower. Dollar strength accounted for a decline of $0.13, and selling pressure by investors took an ounce of silver $0.26 lower resulting in today's $0.39 price decline.

In the case of gold, the fractional buying was a sign that market participants still believe that there is upside potential based on positive market sentiment that the Federal Reserve might only raise interest rates ¼%, rather than their recent announcement that they would raise rates by ¼% two more times this year. According to the CME's FedWatch tool, there is a 99.8% probability that the Federal Reserve will raise rates at next week's FOMC meeting by ¼%. The FedWatch tool is predicting that after raising rates this month they will pause at the September meeting with the probability of that occurring at 83.9%, a 66.2% probability that they will continue to hold rates between 5 ¼% and 5 ½% in November, and a 60.8% probability that the Fed will do the same thing in December leaving rates where they will be after one more rate hike.

This differs from silver because the silver investors have implemented a round of aggressive profit taking moving both spot and futures prices back below $25. Silver futures traded to a double top Wednesday and today after hitting intraday highs at approximately $25.48. The editor of Kitco News, Neils Christensen interviewed Huw Roberts, the head of analytics at Quant Insight today where he said that “according to the firm's modeling, the silver price is about 5.7% overvalued." He said that fair value is around $23.86 an ounce. Adding that, “The signals we are starting to see in silver are getting interesting… The rally in silver has overshot its fundamentals."

Our technical studies have shown that it is highly probable that the recent decline in the dollar has concluded after the dollar index bottomed at 99.25 on Tuesday. In fact, since July the dollar index was trading well above 103. On July 6 the dollar hit an intraday high of 103.27 and began a strong decline in value trading lower for seven consecutive days resulting in recent lows in the dollar approximately 3% lower than the high achieved the first week of July. In other words, the dollar lost approximately 3% in value when compared to the basket of six currencies it is weighted against. We believe on a technical basis that the dollar index will increase short-term taking the index to approximately 101.50 before encountering any technical resistance.

By

Gary Wagner

Contributing to kitco.com

Time to Buy Gold and silver

Tim Moseley

The Artist that came out of the Winter