Peer to peer lending – Welcome Echizenshi http://welcome-echizenshi.com/ Tue, 22 Nov 2022 14:50:37 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://welcome-echizenshi.com/wp-content/uploads/2021/06/cropped-icon-32x32.png Peer to peer lending – Welcome Echizenshi http://welcome-echizenshi.com/ 32 32 FTX Holds $1.24 Billion Cash Balance Ahead of Bankruptcy Hearing https://welcome-echizenshi.com/ftx-holds-1-24-billion-cash-balance-ahead-of-bankruptcy-hearing/ Tue, 22 Nov 2022 13:58:00 +0000 https://welcome-echizenshi.com/ftx-holds-1-24-billion-cash-balance-ahead-of-bankruptcy-hearing/ NEW YORK/LONDON, Nov 22 (Reuters) – FTX has a total cash balance of $1.24 billion, according to a filing by advisers on the struggling crypto exchange’s restructuring ahead of hearings in US bankruptcy expected later Tuesday. The collapse of FTX, once one of the largest cryptocurrency exchanges in the world, has left around 1 million […]]]>

NEW YORK/LONDON, Nov 22 (Reuters) – FTX has a total cash balance of $1.24 billion, according to a filing by advisers on the struggling crypto exchange’s restructuring ahead of hearings in US bankruptcy expected later Tuesday.

The collapse of FTX, once one of the largest cryptocurrency exchanges in the world, has left around 1 million creditors facing losses totaling billions of dollars.

His cash balance as of Sunday was “significantly higher” than previously thought, according to the filing Monday by Edgar Mosley of Alvarez & Marshal, an advisory firm advising FTX.

It includes around $400 million in accounts tied to Alameda Research, the crypto trading firm owned by FTX founder Sam Bankman-Fried, and $172 million in FTX’s Japan arm.

FTX, which said Saturday it launched a strategic review of its global assets and is preparing to sell or reorganize some businesses, had previously said it owed its 50 major creditors nearly $3.1 billion. Read more

Reuters reported that Bankman-Fried had secretly used $10 billion in client funds to support its business activity, and that at least $1 billion of those deposits had gone missing.

Details of FTX’s cash balances preceded a hearing in Delaware into FTX’s so-called day one motions.

FTX has asked Judge John Dorsey to sign off on the early stages of its bankruptcy, including paying critical employees and suppliers, which will allow it to continue operating during Chapter 11 bankruptcy proceedings.

The company had also asked Dorsey to take over a separate Chapter 15 case filed last week in New York on behalf of FTX’s Bahamas unit by Bahamian court-appointed liquidators. These procedures are used by foreign companies to seek the cooperation of US courts in cross-border bankruptcy cases.

Lawyers representing the Bahamian liquidators, who previously questioned the validity of the U.S. Chapter 11 proceeding and clashed with the team leading it on which case should take precedence, agreed to that request ahead of the hearing of Tuesday.

FTX, led since filing for bankruptcy by new CEO John Ray, accused Bankman-Fried of working with Bahamian regulators to “undermine” the U.S. bankruptcy case and move assets overseas.

Bankman-Fried, FTX and the Bahamas liquidators did not immediately respond to requests for comment.

FEARS OF CONTAGION

FTX’s fall from grace has sent shivers through the crypto world, pushing bitcoin to its lowest level in about two years and sparking contagion fears among other companies already reeling from this crypto market meltdown. year.

Major US crypto lender Genesis said on Monday it was trying to avoid bankruptcy, days after the collapse of FTX forced it to suspend client redemptions.

“Our goal is to resolve the current situation in a consensual manner without the need to file for bankruptcy,” a spokesperson for Genesis said in a statement emailed to Reuters, adding that it continued to have conversations with creditors.

A Bloomberg News report, citing sources, said Genesis was struggling to raise fresh funding for its loan unit and warned investors it may have to file for bankruptcy if it cannot find funding.

The Wall Street Journal reported, citing sources, that Genesis approached Binance seeking an investment, but the crypto exchange decided against it, fearing a conflict of interest. Genesis has also approached private equity firm Apollo Global Management (APO.N) for capital assistance, the WSJ reported.

Apollo did not immediately respond to a request for comment from Reuters on the WSJ report, while Binance declined to comment.

Genesis Global Capital suspended client repayments in its lending business last week, citing the sudden failure of FTX.

Crypto exchange Gemini, which runs a crypto lending product in partnership with Genesis, tweeted on Monday that it continues to work with the company to allow its users to reclaim funds from its return-generating “Earn” program. .

Gemini said on its blog last week that there was no impact to its other products and services after Genesis suspended withdrawals.

Since the FTX implosion, some crypto players are turning to decentralized exchanges called “DEXs” where investors trade between peers on the blockchain.

Overall daily trading volumes on DEXs jumped to their highest level since May on Nov. 10 as FTX imploded, according to data from DeFi market tracker Llama, but have since pared their gains.

Reporting by Dietrich Knauth in New York and Tom Wilson in London; additional reporting by Manya Saini, Rishabh Jaiswal, Juby Babu and Lavanya Sushil Ahire in Bengaluru; Editing by Alexander Smith

Our standards: The Thomson Reuters Trust Principles.

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Want to invest? First determine your risk profile https://welcome-echizenshi.com/want-to-invest-first-determine-your-risk-profile/ Fri, 18 Nov 2022 16:00:00 +0000 https://welcome-echizenshi.com/want-to-invest-first-determine-your-risk-profile/ Katrina Shanks is the Managing Director of Financial Advice New Zealand. OPINION: The investment world is in a state of turmoil right now as inflation and interest rates soar to levels we haven’t seen in many years. September was reported as the worst month since Covid for investment markets, while October showed a slight improvement. […]]]>

Katrina Shanks is the Managing Director of Financial Advice New Zealand.

OPINION: The investment world is in a state of turmoil right now as inflation and interest rates soar to levels we haven’t seen in many years.

September was reported as the worst month since Covid for investment markets, while October showed a slight improvement.

Take KiwiSaver as an example. Balances have moved a lot this year, with data through the end of September showing the average balanced fund was down 10.5% this year.

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* How does NZ Super work? And why is age of eligibility such a hot topic?

When you consider that balanced funds are generally one of the more moderate metrics, it’s something of a bewilderment.

In stark contrast, one of the riskiest investments – cryptocurrency – continues to live up to that description, with bitcoin recently falling 10% in one day to its lowest level in a year. .

It is now down US$29,000 since June.

So if you’re looking for a place to put your money, where do you go? This is, as they say, the $64 million question, and you need to do a lot of research and get some sound financial advice before you jump in.

But before you even go that far, you need to figure out what your risk profile is.

It is important.

You need to establish a risk profile, as this will tell you and/or your advisor where you will be most comfortable investing your money and what your asset allocation will look like – i.e. say the proportion you invest in a safer asset class as opposed to a riskier class.

Essentially, a risk profile assesses your willingness and ability to take risk and considers your risk capacity, risk tolerance, the risk you need to take to achieve your financial goals, and sometimes the experience you have with stocks and investing in general. .

Remember there is no right or wrong answer – everyone is different because we all have different circumstances.

If you are considering investing in a managed fund, the managers or a financial adviser will be able to show you a risk profile that they can use to advise you on the type of fund that is best for you. Many also have online tools you can use to create your own profile.

Katrina Shanks:

Provided

Katrina Shanks: “Essentially, a risk profile assesses your willingness and ability to take risks.”

One way to determine how comfortable you are with your profile is that if you can’t sleep at night worrying about your investments, they’re probably in the wrong place. And if you find yourself in this position, you risk exiting an investment at the wrong time, losing money and locking in those losses.

This is why it is essential to create your profile correctly in the first place.

You need to know what you are capable of and what you are comfortable with, which means going through the positives and negatives. Remember that low risk means more money in term deposits and less stock, while higher risk means more stock and less cash.

So what are the different investment classes that might suit your profile?

Conservative

If your top priority is the safety of your money or if you are about to have to use that money, this is probably the level of risk for you.

Investments here are usually in a bank account or government bonds and are considered defensive. You could have 90% of your money there and only 10% in stocks (growth). But they have lower yields.

Remember, less risk, less return. A conservative portfolio won’t take you forward – in fact, after inflation, it will likely set you back, as the cost of living exceeds your returns.

As an example of how even defensive or conservative funds can suffer in these times, some have returned -12% over the past year, with New Zealand government bonds -10.3% and global bonds -12.3%.

The good news is that government bonds yield up to 4.5%, international corporate bonds up to 8.5%, which means that the defensive part of a portfolio should now act as expected and provide positive returns within a diversified portfolio.

We all have different circumstances in life, and your risk profile will reflect that (file photo).

STACY SQUIRES / Stuff

We all have different circumstances in life, and your risk profile will reflect that (file photo).

Moderate

If you’re willing to accept a small level of risk, but still worry about losing some of your money rather than gaining a lot, this might be for you.

This is where you start increasing assets such as stocks and government bonds, and putting less in the bank. Your portfolio starts to change – maybe around 70% banking and 30% stocks and other real estate funds.

Balance

This is close to what some funds call balanced. Your risk tolerance is lower and you want to see more gains. This is a moderate level of risk and your portfolio is a little more diversified, which protects you from inflation.

This is where you hold slightly more assets and less cash. You can increase your exposure to New Zealand and international equities to around 50%, and your term deposits and bonds to 50%. The majority of New Zealand balanced funds are made up of around 60% equities and 40% bonds.

Growth

This is where you become willing enough to accept the risk for higher medium to long term gain. You understand the possibilities of risk better, but you are more eager to get bigger gains, but not too much to risk it all.

Your portfolio is now more diversified and should protect you from inflation. And you might have a better understanding of the stock market. Maybe you’ll have 70% of your money in stocks and real estate funds, and 30% in lower fixed interest and bonds.

Aggressive

This is for those whose risk profile seeks the highest possible return.

You are interested in getting more wealth, faster, and are willing to take risks because you have more time to recover from a downturn – and in the meantime, you can live without touching your investments.

Younger people who want to spread their risk and have enough time – between 7 and 30 – before thinking about cashing in tend to opt for this one.

Equities, international real estate and alternative (riskier) assets can now be 90-100%. The riskiest assets can be cryptocurrency, cars, art, gold, etc. You can hold between 0 and 10% in cash and bonds.

Investment Classes

Defensive assets or low risk investments include cash in a bank, government bonds, managed bond funds.

Growth assets or high risk assets include stocks, exchange traded funds (ETFs), managed funds, real estate, real estate syndicates, commodities (gold, silver), equity crowdfunding for startups or growing companies.

Speculative assets would include (in no particular order) cryptocurrency, derivatives trading, currency trading, and peer-to-peer lending.

Whatever you do, know what you’re willing to tolerate, so you can get a good night’s sleep while your investments do their thing. One thing we know is that markets go up and down over time.

In the spirit of oversharing, my risk tolerance is balanced. I have managed funds that do their job over time, but I have a part of me that wants to take risks – it’s my coffee money, not my retirement plan.

For this riskier side, I have a small Sharesies account, which I tinker with from time to time.

As my financial advisor would say, know your risk tolerance and understand how your investment will perform at different times, and always keep your investment schedule in mind. And don’t confuse investing with saving. If you’re worried, call someone to make sure your risk tolerance is at the right level.

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Proton DEX revolutionizes DeFi with true decentralization that puts customers in control of digital assets at all times https://welcome-echizenshi.com/proton-dex-revolutionizes-defi-with-true-decentralization-that-puts-customers-in-control-of-digital-assets-at-all-times/ Wed, 16 Nov 2022 18:02:00 +0000 https://welcome-echizenshi.com/proton-dex-revolutionizes-defi-with-true-decentralization-that-puts-customers-in-control-of-digital-assets-at-all-times/ By removing the middleman from centralized exchanges, Proton DEX offers DeFi users enhanced capabilities for trading digital assets in a non-custodial environment SAN FRANCISCO, November 16, 2022–(BUSINESS WIRE)–Metallicus, a leader in digital asset and blockchain technologies, today announced the launch of its decentralized exchange Proton (DEX), a peer-to-peer marketplace that connects buyers and cryptocurrency vendors […]]]>

By removing the middleman from centralized exchanges, Proton DEX offers DeFi users enhanced capabilities for trading digital assets in a non-custodial environment

SAN FRANCISCO, November 16, 2022–(BUSINESS WIRE)–Metallicus, a leader in digital asset and blockchain technologies, today announced the launch of its decentralized exchange Proton (DEX), a peer-to-peer marketplace that connects buyers and cryptocurrency vendors with each other while ensuring that users retain control of their digital assets and private keys. This announcement marks an important milestone change in the cryptocurrency landscape, especially following the collapse of FTX.com, as users are actively looking for methods to trade assets securely without the need for intermediaries. Proton DEX effectively removes the middleman risk posed by centralized exchanges (CEX) and lending platforms.

“Proton DEX puts true decentralization into DeFi,” said Marshall Hayner, Founder and CEO of Metallicus. “You are in control of your cryptocurrency at all times, which eliminates the threat that an intermediary can hold funds from you. You have to wonder why you would ever trade on a centralized exchange again when there is a fully decentralized exchange with zero gas fees and decentralized identity verification.”

By building this DEX on the Proton blockchain, users will have access to a ledger that can perform over 4,000 transactions per second, while using an extremely low amount of energy that ensures the future of DeFi is environmentally sustainable. This allows customers to maintain full control of their coins with access to their private keys while simultaneously having access to the power of a centralized exchange.

In addition to using self-executing smart contracts to remove custodial functionality from centralized exchanges, Proton DEX users will be able to access a host of features related to Metallicus’ WebAuth.com crypto wallet, which uses secure web-based authentication. on FIDO. .

Some of these features include:

  • Spot Trading – Limit Orders, Market Orders, Stop Loss, Take Profit

  • DeFi Lending/Borrowing

  • Yield farming

  • Integration of all major cryptocurrencies

  • Over-the-counter negotiation

  • No gas charges

  • Instant 0.5 second blockchain transactions

“Creating a better and safer system that customers and regulators can trust is paramount as crypto and Web3 increasingly interact with regulated finance,” Marshall continued. “The transparency, security, and on-chain verified identity enabled by Proton DEX furthers Metallicus’ commitment to a world where digital assets and DeFi merge seamlessly with other financial services.”

Proton DEX will launch with a decentralized stablecoin index, Metal Dollar or $XMD, which runs on the Proton Blockchain and will soon be available on other chains. Metal Dollar ($XMD) is the world’s first basket of non-algorithmic stablecoins established by the industry and backed by bank reserves, is powered by a smart contract on the Proton blockchain and will be governed by the Metal DAO ($MTL).

Currently, the stablecoin basket consists of USDC, BUSDC, TUSD, USDP, all reserve-backed stablecoins. Proton DEX users will be able to mint XMD for the Proton DEX on metaldollar.com.

Designed to seamlessly interact with Web3 and regulated finance, Proton DEX reinforces Metallicus’ commitment to its overarching goal of providing users with reliable, secure, and transparent tools that enable everyday digital transactions.

About Protondex.com

For the launch of Proton DEX, Metallicus migrated all dApps on protonswap.com to the new trading house on Proton Blockchain, protondex.com, which has an easy to remember URL.

Proton DEX is truly a one-stop-shop for everything clients might need for crypto trading on Proton Blockchain. Whether users are looking to instantly swap tokens with no gas fees, add liquidity pools and farms to earn rewards, or simply earn variable APY on their USDC balances in Proton Loan, protondex.com has them covered.

About Metallicus

Founded in 2016 in San Francisco, Metallicus believes that simple regulation, security, identity, and customer experience are essential to integrating and scaling the uses of digital assets and cryptocurrencies in financial services and economic activities. Metallicus builds compliant and secure technologies where banking, payroll, and other financial and economic activities merge seamlessly with the world of cryptocurrencies, blockchain, DeFi, and Web3. The company’s flagship products include Metal Pay and WebAuth mobile apps as well as Proton Blockchain, the only blockchain with verified decentralized identity. Learn more at www.metallicus.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20221116005877/en/

contacts

Metallicus Marketing Contact
Will Cleaver
will@metallicus.com

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Scams and risks to be aware of https://welcome-echizenshi.com/scams-and-risks-to-be-aware-of/ Sun, 13 Nov 2022 18:00:00 +0000 https://welcome-echizenshi.com/scams-and-risks-to-be-aware-of/ Decentralized finance has a lot of promise for investors but it is also full of dangers. Here’s what you need to know and how to avoid getting scammed. Decentralized finance – referred to as “DeFi” – refers to the shift from traditional, centralized financial systems to peer-to-peer finance made possible by decentralized technologies based on […]]]>

Decentralized finance has a lot of promise for investors but it is also full of dangers. Here’s what you need to know and how to avoid getting scammed.


Decentralized finance – referred to as “DeFi” – refers to the shift from traditional, centralized financial systems to peer-to-peer finance made possible by decentralized technologies based on the Ethereum blockchain. From lending and borrowing platforms to stablecoins and tokenized BTC, the DeFi ecosystem has launched a vast network of integrated protocols and financial instruments.


While the DeFi ecosystem has opened up a world of new possibilities for crypto users, it has also given rise to several scams and bad actors. So, let’s explore some of the most common DeFi scams and how to avoid them.

man in hoodie using laptop and phone


Ponzi schemes

Ponzi schemes have been around for centuries, but they’ve taken on new life in the DeFi space. In a Ponzi scheme, early investors receive returns on capital raised from subsequent investors, making the project appear profitable when in fact it is insolvent. You should read our article on the BitConnect Ponzi scheme if you want to know more about how it works.

Exit scams

Exit scams occur when a project raises funds from investors and then disappears, taking the money with them. This scam is particularly common in the cryptocurrency ICO space, but can also occur in the DeFi space.

hacks

Since DeFi protocols are built on the Ethereum blockchain, they are also susceptible to Ethereum-based attacks. In November 2021, DeFi lending platform bZx was hacked, resulting in the loss of over $55 million worth of cryptocurrency. The attack exploited a flaw in the bZx protocol that allowed the attacker to take out a loan, post collateral, and withdraw the collateral, effectively “borrowing” the funds without ever having to repay the loan.

hooded person with binary code streams

How to Invest in DeFi Safely

To avoid being scammed, it is essential to do your research before investing in a DeFi project. Be sure to read reviews and check out a project’s code before investing, and always be aware of the risks involved with any crypto investment.

So how can you safely invest in DeFi? Here are a few tips :

  1. Diversify your portfolio across a variety of DeFi protocols to mitigate risk.
  2. Pay attention to the network effects of the protocols you invest in. Stronger network effects tend to lead to more resilient protocols.
  3. Keep an eye on gas charges and use optimized protocols for low charges.
  4. Stay up to date on the latest developments in the DeFi space. New protocols and features are released all the time, and keeping up with the latest news will help you identify new opportunities and avoid potential pitfalls.

Staying Safe in DeFi

You should also be aware of signs of a scam, such as promises of guaranteed returns or unrealistic claims. If something sounds too good to be true, it probably is. By being aware of the risks and taking precautions, you can safely participate in the DeFi space and potentially earn high returns on investment.

As with any investment, there are always risks. However, following the tips outlined in this article can help minimize these risks and increase your chances of success when investing in DeFi. Remember, you should only invest in projects that you understand and have a strong track record.

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Unlocking digitalization at the G20 in Indonesia – Inforial https://welcome-echizenshi.com/unlocking-digitalization-at-the-g20-in-indonesia-inforial/ Fri, 11 Nov 2022 00:03:12 +0000 https://welcome-echizenshi.com/unlocking-digitalization-at-the-g20-in-indonesia-inforial/ Inforial (The Jakarta Post) Jakarta ● Fri, November 11, 2022 2022-11-11 07:00 0 c5efdab62cf99b86ccd9cf6482321f7e 4 Tooltip AWS,amazon-web-services,G20 Free As Indonesia prepares to host the Group of 20 (G20) summit this year, digital transformation is one of the top priorities to “recover together, recover stronger”. World leaders have recognized the important role that digitalization can play […]]]>

Inforial (The Jakarta Post)

Jakarta ●
Fri, November 11, 2022

2022-11-11
07:00
0
c5efdab62cf99b86ccd9cf6482321f7e
4
Tooltip
AWS,amazon-web-services,G20
Free

As Indonesia prepares to host the Group of 20 (G20) summit this year, digital transformation is one of the top priorities to “recover together, recover stronger”. World leaders have recognized the important role that digitalization can play in bridging the gaps in issues with socio-economic impacts such as stagnating productivity, pressures resulting from climate change and inequality in access to work and health care preparedness, to name a few.

Digitization will also transform global economies in the short to medium term, with a projected value of US$13 trillion worldwide by 2030. Indonesia’s 202 million internet users have already contributed US$70 billion to its economy. in 2021. With G20 member economies accounting for 60% of the total world population and 75% of world trade, these global leaders are at the forefront of this global mission and must continue to lead by example.

However, several factors in the digitalization roadmap continue to prevent nations from fully realizing their digital potential. As Co-Chair of the Business 20 (B20) Digitization Task Force – a group of business leaders brought together to develop and deliver policy recommendations to G20 countries, international organizations and institutions – I had the honor to dive deep into some of these roadblocks. The working group explored how to address issues such as different levels of readiness and connectivity between regions; poor digital infrastructure and lack of relevant policy frameworks to support wider digitalisation; and the critical shortage of digital skills needed to support the digital transformation of micro, small and medium-sized enterprises (MSMEs).

Powering the heart of the digital economy: MSMEs

MSMEs are one of the most important pillars of any digital economy. In Indonesia, for example, 64.2 million MSMEs contribute 8.5 trillion Indonesian rupees to the country’s GDP. They also provide jobs for 97% of Indonesia’s total workforce, more than 60% of which are women. It is crucial to simplify the access and use of digital technologies, such as cloud computing, for these MSMEs, without regulatory complexities, because they are the companies that promote digital and financial inclusion.

During its G20 Presidency in 2022, Indonesia reaffirmed its position as a digital pioneer by declaring its commitment to an inclusive and collaborative digital transition. One of the main goals of Indonesia’s G20 Presidency in 2022 is to bridge the digital divide and foster inclusive digital transformation, to radically accelerate the integration of disadvantaged citizens into the digital economy and recover together more strong. Industry and government must continue to collaborate on these goals to increase access to digital skills and training in the region and globally.

Digital technologies have already helped create more robust and inclusive business ecosystems, even in remote parts of Indonesia. Peer-to-peer lending platform Amartha serves entrepreneurs in rural Indonesia, offering financial services to micro-enterprises and targeting working-age mothers with dependents. Without access to the cloud-based analytics it uses to identify non-performing loans, Amartha’s reach would be limited, leaving many businesses without access to financial services.

Eyes on Indonesia to facilitate this important and complex global discussion

Indonesia was among the first in the world to recognize the power of digital transformation in the sectoral economy. As the leading producer of decacorn ASEAN tech companies valued at over $10 billion, Indonesia has proudly and successfully fostered a thriving and internationally competitive tech scene.

As it enters the next stage of its development, it is essential that Indonesia remains a champion of innovation by developing holistic and interoperable solutions to promote the growth of local MSMEs. One example is the release of Government Regulation No. 71 of 2019, which made it easier for local businesses in Indonesia to access cloud computing, with less regulatory uncertainty.

Forward-thinking solutions and open stances on digital commerce must be adopted to foster the organic development and regional scalability of local champions. Exposure to international resources and best practices will strengthen MSMEs, helping them to remain resilient, agile and adaptable to society’s needs.

Beyond the G20, Indonesia is also in a unique position to continue the digitalization agenda under its ASEAN Chairmanship in 2023. In particular, we see an opportunity for Indonesia to show leadership and to accelerate the timetable for launching negotiations on a high-level and forward-looking agreement. ASEAN Digital Economy Framework Agreement.

The way forward for digitization

The Business 20 (B20) digitization task force has developed strong recommendations for leaders who will meet in Indonesia this year at the G20 and B20 summits. These include unlocking digital opportunities by promoting adoption and adoption of cloud-like digital infrastructure across the public and private sectors; ensure international regulatory consistency of digital policies, including those that preserve the free flow of data across borders; equipping MSMEs with the necessary digital and cybersecurity knowledge; and define interoperable cybersecurity standards based on international best practices.

A conducive regulatory environment is key to promoting digital infrastructure, facilitating the adoption of digital services, and encouraging digital-ready nations. November’s G20 and B20 Summits in Bali will be a key platform to discuss the way forward and set the tone for a digital transformation agenda that the G20 and B20 can pursue through India’s presidency in 2023 and beyond.


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A New “Give Now, Pay Later” Platform + Breaking the “Stained Glass Ceiling” – eJewish Philanthropy https://welcome-echizenshi.com/a-new-give-now-pay-later-platform-breaking-the-stained-glass-ceiling-ejewish-philanthropy/ Tue, 08 Nov 2022 17:20:06 +0000 https://welcome-echizenshi.com/a-new-give-now-pay-later-platform-breaking-the-stained-glass-ceiling-ejewish-philanthropy/ Good Tuesday morning! in today Your daily Phil, we report on a new platform that helps people pace their giving, and feature an editorial from Rabbi Sara Hurwitz on increasing enrollment of Yeshivat Maharat. Also in this newsletter: Ronald Lauder, Lili Kaufmann, Liam Elkind and George RR Martin. We’re also keeping tabs on today’s midterm […]]]>

Good Tuesday morning!

in today Your daily Phil, we report on a new platform that helps people pace their giving, and feature an editorial from Rabbi Sara Hurwitz on increasing enrollment of Yeshivat Maharat. Also in this newsletter: Ronald Lauder, Lili Kaufmann, Liam Elkind and George RR Martin. We’re also keeping tabs on today’s midterm elections and their impact on philanthropy. We’ll start with the scene last night at a gala celebrating Israeli culture.

While the eyes of the world were trained on Israel last week as its citizens headed to the polls, a different group of Israeli journalists took the stage last night in New York for a gala dinner hosted by the America-Israel Cultural Foundation, which supports the careers of Israeli artists.

The crowd that gathered at the New York Historical Society was there to honor the four recipients of the organization’s Israel Culture and Arts Awards: A-list actors Shira Haas and Gal Gadot, renowned pianist Yefim Bronfman, and choreographer Ido Tadmor leading.

Between performances by a jazz trio, an opera singer and other musicians and dancers, the winners all highlighted the importance of arts funding, which had dried up when COVID-19 drove audiences away from performance venues . During the pandemic, the AICF launched a $2 million relief fund that has helped support 1,800 artists. The organization has an annual budget of $3 million.

Haas praises “The incredible talent we have in this tiny country…in a world [where] sometimes – the value of art and culture can be overlooked. Speaking via video because she has the flu, Gadot said: “Now more than ever, it’s important that we stand strong as a community and be proud of who we are and our heritage. “

And while there was no Speaking openly about Israel’s shifting political winds, several speakers alluded to the power of culture and the arts to familiarize people with Israeli society beyond violence, politics and geopolitical conflict. Iris Reff Ronen, CEO of the group, called the artists and performers “the best ambassadors the State of Israel could wish for”.

“You know it’s fragile, and you know it has its challenges,” Asaf Zamir, Israel’s consul general in New York, told the crowd, referring to the US-Israel relationship. “When I was young and growing up here, Israel was just a general positive buzzword… Today it’s going in a different direction… But I’ve seen firsthand eyes how people suddenly see Israel differently when watching a TV show or a movie, or attending a concert.

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Work-life balance: is this the tipping point? https://welcome-echizenshi.com/work-life-balance-is-this-the-tipping-point/ Sat, 05 Nov 2022 19:38:50 +0000 https://welcome-echizenshi.com/work-life-balance-is-this-the-tipping-point/ Our outlook on work has changed over time. From regular nine to five hour jobs and factory shifts to the current normalization of remote jobs, the concept of work has shifted as lifestyles and aspirations continue to change. Co-working spaces, working in cafés and workstations are no longer new. The pandemic years have further normalized […]]]>

Our outlook on work has changed over time. From regular nine to five hour jobs and factory shifts to the current normalization of remote jobs, the concept of work has shifted as lifestyles and aspirations continue to change. Co-working spaces, working in cafés and workstations are no longer new. The pandemic years have further normalized work-from-home and hybrid work models.

Terms like hustle culture, side gigs and moonlighting have all found their way into discussions around modern work. As we grapple with the culture of hustle and bustle, concepts such as silent shutdown (doing only what is necessary and no more) have also gained credence. We are also seeing the emergence of concepts such as mindful slowing down and mindfulness. Japanese concepts like Ikigai, (finding purpose) and wabi-sabi (accepting imperfection), and Chinese tang ping (rejecting overwork) have also been accepted, another indication of the great churn of recent times. For every aggressive approach to the culture of the bustle and the importance of working long hours and staying productive at all costs, there has also been a steady increase in the number of young urban professionals who are consciously slowing down and staying alert.

Take the case of the CEO of a personal care and personal care solutions brand who recently sparked a debate about restlessness and toxic productivity by advising newbies to work 18-hour days without complaining. In a post on LinkedIn, he wrote, “I see a lot of young people watching random content everywhere and convincing themselves that ‘work-life balance, spending time with family, rejuvenating blah blah’ is important. It is, but not so soon. So soon, love your work. It doesn’t matter what it is. Don’t take chances rona dhona. Take it on the chin and be relentless. You will be much better at this. He later left the platform with an apology after his post went viral and saw a lot of pushback.

“What does work mean to you?”

Hustle culture is the notion of putting work at the center of one’s existence to the denial of everything else This is not the case, for Sukhada Chaudhary, a Nagpur-based digital marketer for a peer-to-peer lending platform and a LinkedIn trainer next door. “Work is not a big part of my life,” she says, adding that it’s a catalyst that helps her live the kind of life she wants to lead and pursue her interests. Also, she notes that the job is something she’s “decently good at and loves to do.” “What do you do” (for work) during downplay introductions, she says.

Sukhada keeps her working day no longer than six hours so she has time to focus on her interests. On the culture of the relentless pursuit of productivity and restlessness, she says such a lifestyle creates unrealistic expectations for those without privilege and can, in fact, be an alienating and isolating experience. for them.

The pressure to succeed is so high and not everyone may be able to break through, she notes, adding that young people are then forced to behave hard. Sukhada cites the analogy of fundamental aspects of his life such as health, relationships and family as balls in the air. She explains how if the ball called work falls, it can bounce back but the same is not true of other balls like health or family which are fragile and can break. Goals like “working hard for a year and retiring at 40” create undue pressure and risk sacrificing health, relationships and other aspects of life, she observes.

For Chaitanya Ramalingegowda, director and co-founder of a sleep and home solutions company, learning something new at work every day is a rewarding experience in itself. “We are a young and dynamic organization and we believe in being agile and flexible in our approach. I’ve worked Monday through Saturday for the past decade, and I’m totally on board with this method.

Work-life balance is important to him and he makes sure that on Sundays he reads, takes long walks and gets a quick workout. “Being able to create a balanced mix of work and play is imperative, and it gives me the opportunity to perform better, while being able to lead a fulfilling life.”

Angad Dutta is a freelance writer and has several ongoing projects for him. He happens to have embarked on independent life after the pandemic. Angad’s independent life gives her the opportunity to socialize while meeting the demands of her job. As a full-time employee, he found that the pressure of his work life was high and the early months of the pandemic only added to stress levels as everyone moved away and the boundaries between work and home were blurring.

During his first stint as a full-time employee, Angad found that the long working hours pushed him into burnout mode – he suffered from frequent headaches and backaches. There was a feeling of never being satisfied, and that’s when he considered therapy, which helped him refocus.

He took the opportunity to take a few steps back and “pull himself together”. Angad gives the example of how a phone battery drains with constant use and it needs to be turned off for battery and phone health to stress the importance of slowing down and hitting the power button reset.

A glorification of stress?

Ahla Matra, a self-employed psychotherapist based in Kerala, explains how ‘bustle culture’ impacts mental health. “This culture encourages work to dominate your life. It glorifies stress, and in a stressful environment, the body and mind go into flight vs. fight mode. A prolonged state of stress releases cortisol (the body’s stress hormone) and can have a long-term physical and mental impact,” she says. “Overwork reduces your ability to be more capable in the long run. A toxic work culture can cause one person to feel burnt out all the time and can make another feel nervous, snappy, irritable, and unable to cope. empathy. The pressure to constantly stay productive can also lead to inhuman expectations and feelings of guilt and shame if someone is unable to catch up. This can cause professionals to question their self-worth,” she explains and adds that in the long run this could lead to social isolation and depression, and in some cases the person may resort to substance abuse to cope. includes cardiovascular problems and chronic sleep disorders.

Work-life balance: no fixed formula?

The concept of work-life balance isn’t the same for everyone, says PR firm CEO Priyan DC. “Person A may find an optimal 8-hour workday, Person B may be happy to work 14 hours and balance work and side activities. Maturity comes when a person is able to balance their career in this way. than his social and personal life in a supportive way,” he explains.

Despite every effort to maintain a balance, modern work culture normalizes not being able to disconnect. As remote work accessing the internet at all times and being glued to our devices around the clock is increasingly seen as normal, toxic productivity manifests in the most insidious ways, notes Ahla, the psychotherapist. It could start with “I’m on a break but I’ll only take one call” or “I’m scheduling a meeting for 11 p.m. all at once.” Sometimes one may not even have a choice because organizations may encourage such mindsets or one is afraid of being left out of the race.

Staying out of this poisoned “work is everything” culture is not just an individual’s responsibility. Agency and privilege are at work, and not everyone is able to say no, for various reasons. “Change needs to start at the organizational level and the culture at the top needs to be redefined,” says Ahla. Toxic patriarchal work structures must be changed, she adds.

Some modern businesses are moving away from rigid work structures. For example, Chaitanya Ramalingegowda’s company launched a “right to nap” campaign in 2016 that normalized naps at work. “During the 2-2:30 p.m. window, our employees can take a nap to recharge, read a book, take a walk, meditate, or basically do anything that helps them refocus. This policy has been important in boosting workplace productivity and helping our employees focus on their well-being,” he says.

Perhaps Sukhada’s email signature lines, “My working hours may not be your working hours. Don’t feel like you have to respond outside your normal work hours” should be the approach organizations and leaders need to take to get out of toxic productivity mode.

The allure of the sideways bustle

There are plenty of urban professionals who go into a side hustle. Many are also forced to take on second full-time jobs to support themselves further. The reasons vary from individual to individual. Priyan explains, “It’s almost impossible these days to log on to LinkedIn and not see an article about how someone built a six-figure income on the side. And that can create a sense of FOMO (fear of missing out), especially among millennials who may feel threatened by high school or college kids making money on TikTok. Real scammers don’t do it because of others,” he notes. “Starting a side business is hard work – you have to be really committed to your business idea to make it work. once the novelty has worn off,” he adds.

“Gen-Z are digital natives and have a lot of exposure to emerging opportunities while keeping their core jobs intact. In fact, there is peer pressure to create parallel turmoil,” says Priyan. In his company, although team members are expected to remain committed to the company, its values ​​and vision, and to its customers, any mission or hobby that does not conflict with their company or their customers is entirely the employee’s choice to accept or not. “And in fact, I’d be happy to hear that their side projects are doing well — success of any kind is precious,” he notes.

Is a side job or a second job good? “It depends on the individual. If there is a balance between stress and rest, everything is fine,” says Ahla. Sukhada is also a trainer on LinkedIn, in addition to being a digital marketer. But it’s more for a sense of fulfillment and she’s picked it up to help many young urban professionals spruce up their LinkedIn profiles during the pandemic.

In a gig economy where multiple jobs are the norm, sometimes workers may have no choice but to accept multiple gigs. In such a situation, organizational support and a change in C-suite mindsets in terms of flexible working hours could help. In the long run, asking yourself why you took on a second job or an extra gig is very important.

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Are NFTs the future of real estate? This Tampa Bay expert bets yes https://welcome-echizenshi.com/are-nfts-the-future-of-real-estate-this-tampa-bay-expert-bets-yes/ Thu, 03 Nov 2022 10:30:03 +0000 https://welcome-echizenshi.com/are-nfts-the-future-of-real-estate-this-tampa-bay-expert-bets-yes/ The explosion of NFTs or “non-fungible tokens” over the past two years has left many Americans scratching their heads, wondering why anyone would pay millions of dollars for a picture of a cartoon monkey. Although digital art has been one of the most popular applications of this technology, virtually anything can be turned into NFT. […]]]>

The explosion of NFTs or “non-fungible tokens” over the past two years has left many Americans scratching their heads, wondering why anyone would pay millions of dollars for a picture of a cartoon monkey.

Although digital art has been one of the most popular applications of this technology, virtually anything can be turned into NFT. Earlier this year, a modest 4-bedroom home in Gulfport made headlines when it became the first US property to be auctioned as an NFT.

Since then, a handful of other local homes have been turned into NFTs, including one currently for sale in St. Petersburg.

Local real estate agent Andrew Daniels is leading the charge and working to educate consumers about the intersection of NFTs and real estate. He is responsible for blockchain development for the New Wealth CoLab, a real estate investment group that also hosts its own co-working space in Tampa.

Can you explain what blockchain technology is?

The blockchain encourages peer-to-peer transactions. The blockchain is the system that records all these transactions and allows everyone to refer to it once a transaction is made. It just allows everyone to act in a decentralized way between peers.

Can you explain what an NFT is?

NFT stands for non-fungible token. So there are fungible tokens and non-fungible tokens.

An example of a fungible token would be a $20 bill. If I have a $20 note and you have a $20 note and we exchange $20 notes, we will not exchange any value.

An example of a non-fungible token could be real estate. You have the tax identification number, the legal description, the address of the property. It would be very easy to distinguish this token from another property in Georgia as they would not have the same value. It wouldn’t be the same.

An NFT can represent property, car registration, digital art. It’s just the vehicle that represents ownership on the blockchain.

How can blockchain technology be applied to real estate?

Right now we use the county clerk’s office for central registration, and it’s a very redundant, very archaic, very (expensive) system. We probably involve 15 to 20 different people to support a real estate transaction whereas if we were to record all of these transactions on a ledger system like blockchain it would be a convenient central registry agency that everyone could go to refer.

Currently, we are waiting for government agencies to recognize blockchain as a source of verifiable information. Until that happens, we will not be able to register property deeds with the blockchain.

What we are currently doing is tokenizing properties as NFTs. We first create an LLC. This LLC will hold the property we want to sell as NFT. The owner’s operating agreement stipulates that ownership is represented in the form of a token number and held in a wallet (crypto) address. So whoever holds that token in the wallet address owns the LLC and in turn owns the property.

What are some of the benefits of tokenizing a house as an NFT?

With a typical home, your equity is not liquid. You need to go to a bank and get a home equity line of credit. When you tokenize a property, that equity becomes liquid. You will be able to connect your assets to decentralized financing platforms that will lend to you in real time.

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If you rent the property, you can separate the equity from the income it generates. This way, you can take advantage of the value of the house while selling the rights to the rental income.

Tokenization also allows you to fund crowdfunding and split the asset so multiple buyers can own a coin.

What kind of people are interested in buying and selling homes this way?

They will be mostly crypto enthusiasts. But it also attracts international buyers. There are crypto mortgages and types of loans where they can borrow against their crypto so they don’t have to exchange currencies and use US dollars.

Do you think NFT properties will become more common in the future? What will it take to onboard real estate agents and consumers?

The United States lags behind many other countries in this regard. So if you were to search for Norway, Switzerland, they actually use blockchain technology for identification and land records.

It will probably take 10-15 years, but soon every asset will be a digital asset. For a car, for a house, for memberships, for ticketing, for subscriptions, for our identifications or registration or insurance, we will have individual non-fungible tokens that we can authenticate with third-party companies in real time.

I think the government will come up with a central bank digital currency, probably within the next two years. So, people will start to understand what blockchain is without even recognizing it. This will be the first point of mass adoption.

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LandlordInvest CEO hails strong demand https://welcome-echizenshi.com/landlordinvest-ceo-hails-strong-demand/ Mon, 31 Oct 2022 10:28:57 +0000 https://welcome-echizenshi.com/landlordinvest-ceo-hails-strong-demand/ Filip Karadaghi, chief executive of LandlordInvest, said demand from borrowers and lenders is “certainly there”, while the outlook for alternative home loans is “good”. In an interview with European peer-to-peer lending comparison site P2PMarketData, Karadaghi (pictured) said he was positive about the future of P2P home loans. “I think the outlook is good if the […]]]>

Filip Karadaghi, chief executive of LandlordInvest, said demand from borrowers and lenders is “certainly there”, while the outlook for alternative home loans is “good”.

In an interview with European peer-to-peer lending comparison site P2PMarketData, Karadaghi (pictured) said he was positive about the future of P2P home loans.

“I think the outlook is good if the platforms do it well and if the regulator makes sure the industry is well regulated,” he said.

“The demand from borrowers and lenders is certainly there as there are few viable alternatives to asset-backed lending, which is uncorrelated with most other financial products such as stocks and bonds.”

Read more: Eight lenders join new RLS, but still no P2P

Karadaghi said that for over five years, LandlordInvest has delivered an average double-digit return, “which is better than most platforms in the UK”.

“We offer loans adapted to all tastes of risk; from relatively safe first-grade loans to highly leveraged second-grade loans, with broad geographic spread and diversification,” he adds.

“Our borrowers tend to be established and successful real estate investors with substantial real estate portfolios and experience. Many of our loans are refinanced by banks, dispelling the myth that P2P is a ‘lender of last resort’.

Read more: Zopa considers acquisitions in different sectors

He also confirmed that LandlordInvest has never lost investor capital, having only encountered four defaulted loans since it began operations more than five years ago. All of these loans have since been repaid in full.

“While we hope our strong experience in underwriting and collection will ensure that this is the case, there is of course never a guarantee as many factors are beyond our control,” he added. .

Read more: Two more months before the Peer2Peer Finance Awards!

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Happy Penny Ltd. The Most Trusted International Peer-to-Peer (P2P) Microcredit Company, Happy Penny Launches Hap2py as a Subsidiary in Southeast Asia to Empower People Financially https://welcome-echizenshi.com/happy-penny-ltd-the-most-trusted-international-peer-to-peer-p2p-microcredit-company-happy-penny-launches-hap2py-as-a-subsidiary-in-southeast-asia-to-empower-people-financially/ Fri, 28 Oct 2022 21:36:35 +0000 https://welcome-echizenshi.com/happy-penny-ltd-the-most-trusted-international-peer-to-peer-p2p-microcredit-company-happy-penny-launches-hap2py-as-a-subsidiary-in-southeast-asia-to-empower-people-financially/ United Kingdom – October 28, 2022 – Financial freedom is very essential in the current era, the reason behind it is that purchasing power is decreasing due to global inflation which is increasing day by day. In this scenario, it is a blessing if you have better financial assistance, there are a significant number of […]]]>

United Kingdom – October 28, 2022 – Financial freedom is very essential in the current era, the reason behind it is that purchasing power is decreasing due to global inflation which is increasing day by day. In this scenario, it is a blessing if you have better financial assistance, there are a significant number of companies that offer this type of service, but there is always a problem of the level of trust and authenticity between the customer and the service provider. Why are you trapped if Happy Penny Ltd is here to bring you the most reliable, authentic and professional peer to peer (P2P) financial lending platform.

Happy penny ltd has been providing unrivaled services for many years with continued success and growth in European countries. Happy Penny Ltd, the pioneer of the peer-to-peer (P2P) finance model in the international financial market, launches its subsidiary Hap2py in Southeast Asia with the aim of financially empowering people in the Asian region Southeast, especially Malaysia, the company chose this country because there are many trusted investors in this market, but unfortunately they are stuck in conventional financing. The objective of Hap2py peer-to-peer P2P finance in Malaysia is to provide lending service with financial ease on favorable terms.

Happy penny Ltd complaints about its services

“Using big data and digital technology, Happy Penny customers have the privilege of accessing a wide variety of P2P credit programs that enable individuals to support themselves financially across the European continent.”

The objective behind launching Hap2py as a subsidiary of Happy Penny in Southeast Asia, is to become a major financial trend in the coming years that could potentially succeed, and provide the opportunity for people and especially Malaysia corporate sector investors another option with a lot of benefits and financial freedom other than the old conventional investment system. Hap2py understands that finance plays a vital role in any business, any businessman cannot be up to the job until financial freedom is there. Therefore, Peer-to-Peer Funding Malaysia or P2P Funding Malaysia is a new breakthrough for the investment industry.

With the establishment of Hap2py, more Malaysia-based investors will be able to experience the immense advantages of the P2P funding model over the rather exploitative traditional financial institutions and embrace P2P as a primary investment. P2P or peer-to-peer meant to be the new conventional investments such as bonds, stock markets and commodities open to individual investment, the existing P2P lending programs in the region are only offered to businesses and to commercial enterprises with the aim of providing financial freedom to develop their activities.

By establishing a presence in Malaysia, Hap2py will be able to promote the P2P financing model, in which borrowers can take advantage of significantly lower interest rates than those offered by banks, to a wider audience in the region and beyond. By renting a location in Hap2py, which can connect the two parties remotely over the internet, lenders who previously wanted to connect with potential borrowers can now do so.

Happy penny Ltd has a diverse team of finance professionals with a year of experience in providing financial services, with the deep expertise and experience that Happy Penny has obtained, including 4 billion customer accounts registered in 9 countries, thousands of trusted investors who thrive in investing with Happy Penny Ltd. Happy Penny Ltd has more than 3 lacs loan applications which shows the level of trust of the customers, this is the reason which makes it one of the most trusted financial lenders in the region.

Vision of Happy Penny Ltd.

“Empower communities financially by simplifying often-sophisticated microcredit procedures, allowing greater public access.”

Your financial freedom and loan growth awaits, you are just one step on the way to becoming a financially independent person with hiring Hap2py services. There are many more opportunities to explore on the website, just visit the website and contact the team for professional assistance.

Media Contact
Company Name: Happy Penny Ltd
Contact person: Amelie
E-mail: Send an email
Country: United States
Website: https://www.happypenny.uk/

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