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How can college students chose the right gadgets relevant to their courses?

Sam Allcock
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How can college students chose the right gadgets relevant to their courses?

In the modern world, it is common to use smart devices when you have a reliable internet connection and want to enjoy the right gadgets. Some of the devices include wearable fitness devices and e-readers. Each device has specific uses like for an athlete, and it helps in tracking time and performance. Different people in varying age groups can use the same gadgets.

The challenge is that most students buy gadgets without thinking of different factors. When you need a computer, you need to know your needs and if the specifications will meet the requirements. It would be best if you considered things like the operating system and processor. Before you decide on what to buy and the budget, know of the specifications.

If you are playing to buy a gadget like a computer, phone, or video game, know the different brands and the market offers. It can be challenging what to choose, especially if this is your first time.

Tips to help students when looking for a suitable gadget.

  • You should know all your needs; you will know that from doing thorough research. Know your intentions, especially what you plan to achieve from the device. It should be something relating to your studies. If you need any clarification, look for Boffin statistics help, do not be stranded since that is the attitude that affects your academic performance. Sometimes, you will find the devices have the same purposes and rule out why you need that device.
  • Look for a device that comes in handy with multiple features, and it will save you money instead of buying multiple devices. Some gadgets come with more specifications to offer various services. A good example would be if you want an iPhone and a tablet, look for an iPhone with the same features as a tablet. You will enjoy reliability and portability.
  • Before getting your device, consult with the vendor if they allow trading options. A customer can come with an old gadget in exchange for a new one at a fair price. The cost will be at a reasonable rate after they evaluate the cost of the old device. In case you need a new iPad, you can take your cracked phone for evaluation. Ensure you consult first if the vendor offers such services.
  • The availability of spare parts is crucial to consider; when you need a new brand in the market, research about spare parts. In case more people are not buying the product, avoid buying the same device. It is convenient when you can quickly service a device when it is damaged or broken.
  • Look out for the market price and see if it fits within your budget. The more specification and quality you are looking for, the more expensive the product will be. You need to know that you can still get a good gadget at a friendly price. The secret has enough time to research, understand what is available in the market, and shop within your budget.
  • The model year is an essential factor; avoid being like most techies who like to be early adopters when getting a device. You will avoid the common problems that come up after the product hits the market, do not go for first-generation products. Most people complain about early-stage gadgets, and you should not spend a lot on them.

These valuable tips will help when looking for a gadget to use in college for your different courses. Always think about your needs and prioritize the features, specifications, and uses. It is advisable to research more to know what the market offers and reviews from other buyers.

Why is Your Income Relevant During Your Divorce?

Sam Allcock
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Why is Your Income Relevant During Your Divorce?

When you get a divorce, all your financial assets are taken into account, and it can have a huge impact on your income, but why? Take a look…

During your divorce, yours and your partner’s income will pay a huge role in the decisions to be made. But why?

There are lots of reasons why your income is taken into account when you get divorced. Your divorce lawyer has to decide what assets you and your ex-spouse are entitled to, and that includes how much money you earn.

So, in this post, we’re going to discuss these reasons in greater detail so that you can understand it better. Take a look…

What Does Income Have to do With a Divorce?

When you get married, you agree to support your partner, and this doesn’t end when your marriage does. It might seem silly to have your income taken into account, and potentially pay spousal maintenance once the marriage is over, but here are the reasons why.

Marriage can change the course of a person’s life, especially if they give up work and a potential career to raise a family. Finding a new job, or a job that earns as much money as they had with their partner, could be almost impossible after all the time they’ve lost.

Also, a person shouldn’t be financially punished for divorcing their partner. Falling out of love with someone is hard enough, but to then live a less prosperous life as a result is unfair in the eyes of most people, and the law.

What Effect Can Income Have on a Divorce?

Based on both partner’s income, one of them could be ordered to pay spousal maintenance to the other. If there is a shortfall between their needs, the court will then consider the spouse’s situation.

In order to establish the losing partner’s needs, the court has to answer the following questions:

  • Can they meet their needs without the support of their ex? Does their income potential cover all their financial needs?
  • Have they been married for a long time and sacrificed their carer to take care of their partner’s children and home?
  • How old are they? Is it still possible for them to establish a career that will support their needs?
  • Are they prepared to go to court to handle the matter if their spouse does not agree?
  • Are they in another relationship and looking to re-marry?

If it’s established that the partner can’t meet their needs without their ex, won’t be able to earn a decent income due to sacrifices made in the marriage, are too old, or never plan to remarry, then maintenance could be owed.

The court will take into account other forms of finance as well, including property, but surplus income is usually the main factor in their decision.

Alternatively, the court can order one party to pay the other a lump sum or a series of lump sums. This can replace the need to pay spousal maintenance, and basically clear one partner’s maintenance claims against the other.

If this lump sum can’t be obtained, or the splitting of the couple’s assets is too difficult because it’s all in property, the court could order the selling of the matrimonial home. The net proceeds of the sale can then be divided between the divorcing couple.

What Else is Taken into Account During a Divorce?

There are other issues that are taken into account when deciding how financial assets should be split in a divorce. These are:

Welfare of the Children

When a couple has dependent children, their needs have to be taken into account first. This means providing a home for the children and, in situations where assets are limited, the parent responsible for caring for the child will receive all the liquid assets.

Once this has been established, the needs of the partner caring for the child will be taken into account in much the same way we described in the last section.

Standard of Living Before the Divorce

We touched on this a bit earlier, but one of the big factors on how finances are settled during a divorce is the life the partner who isn’t earning the majority of the income is accustomed to.

If they, and their children, were used to a certain quality of life, they should continue to have that same standard once the marriage is over.

Physical or Mental Incapacity

If either party is struggling with a physical or mental issue that makes it difficult for them to work or earn a house of their own, this will be taken into account. For this, proof has to be obtained via medical records.

Loss of Benefit

This is usually related to pensions. A pension sharing order can be put in place by the court, which allows the party without the pension to have access to some of this asset.

For example, the husband could be ordered by the court to transfer all or some of his pension to his wife’s pension fund for her to use when she retires. 

Income and Divorce Are Very Much Related

In this post, we’ve shared the main reasons why income is relevant to your divorce, what effect it can have, and discussed what other issues can be taken into account.

Divorce is a difficult time for everyone involved, and untangling years of finances complicates the issue further. All you need to remember is that your income can be taken into account because your partner might not be able to earn a decent wage without you.

Whether this is because they gave up a career to raise your family, are too old to get a decent job or are looking after your children, they could be entitled to spousal maintenance or a lump sum based on your assets.

How to Become a Successful Bitcoin Trader in Three Steps?

Sam Allcock
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How to Become a Successful Bitcoin Trader in Three Steps?

The world of online crypto possibilities is one of the most popular ones that is currently taking over the world. This is the case just because people from all over the world are expressing their interest regarding the possibilities that this notion has to offer. All of this is only possible with the implementation of the latest technological updates that create a more approachable trading solution that interested people can easily explore this particular subject. There are numerous interesting things that you will get a chance to discover through the concept of crypto trading possibilities, thus learn all about the concepts that will help you become a successful trader.

However, before you go any further, you will have to make a distinct decision that will help you choose which digital value is the perfect fit for you. If you have been thinking about exploring the world of Bitcoin trading possibilities and you are looking for ways to start the actual process of trading, you have come to the right place. Within this article, we have managed to construct a simple guide that will help you become a successful Bitcoin trader just by following these three simple steps.

With all of this in mind, let’s get right into finding out what are the things you have to do to achieve the points of Bitcoin trading success.

Step No. 1 – Discover the Concept of Bitcoin Trading Platforms

Exploring the concept of the most useful Bitcoin trading tools, you will get a chance to discover an abundance of different solutions that are created with a sole purpose in mind, which is to help users get the most out of their trading experience.

This is of great importance, especially when you are taking the approach to establish your Bitcoin trading experience from scratch. With all of this in mind, you will have to take into consideration the specific trading skills, knowledge, goals, and preferences that you have before you decide to place your trading investment and start your journey to success. This is where the usage of the Bitcoin trading platforms comes into play.

Step No. 2 – Begin Your Bitcoin Trading Journey

With the successful establishment of the first step of your trading experience, you will get a chance to see that if you are a beginner trader, you have the most innovative trading tools that will help you enhance and improve your overall Bitcoin trading experience. This implies the fact that you will get a chance to explore the most engaging Bitcoin trading features that you will get a chance to find within this Bitcoin Billionaire UK trading platform.

To further explore things, you will get a chance to immediately access this popular trading website, thus take a look at all of the significant trading details that will help you achieve all of the points of Bitcoin trading success. To make the most important step towards reaching all of your Bitcoin trading goals, you have to establish your online trading account just by filling out the quick and simple registration form that you will find within the trading website we have mentioned above.

Step No. 3 – Plan Your Bitcoin Trading Experience

Once you have made it to this third stage of your Bitcoin trading experience, you will have to proceed with making a specific plan of action that will help you establish all of the trading marks that you want to hit.

This approach is of great significance because it will give you a rather detailed look into which segment of your trading journey you are actually in.

The Bottom Line

Exploring the notion of Bitcoin trading through the usage of the trading platforms will help you expand your overall trading knowledge, thus give you a chance to explore the most innovative trading solutions no matter where you are.

Coalition Calls For Regulating All Bitcoin Markets To Combat Ransomware

ABC Staff
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Coalition Calls For Regulating All Bitcoin Markets To Combat Ransomware

An international coalition called the Working Group against Ransomware , RTF for its acronym in English, published a document on Thursday, April 29, with 48 recommendations to counter data hijacking on a global scale. The body asked, as a priority measure, to regulate all bitcoin and cryptocurrency markets in general.

The guidelines were discussed for months by 60 experts in information security, governments, public organizations, private companies and civil society. The goal of the report called “Fighting Ransomware ” is to establish a unified and “aggressive” campaign against hackers .

The RTF considers that, within all the suggestions made, there are some that should be accelerated as soon as possible to prevent this crime from continuing to increase . In relation to exchanges and platforms for the exchange of cryptocurrencies, the body indicated:

“The cryptocurrency sector that allows ransomware crimes should be more regulated. Governments should require exchanges, kiosks (BATM), and over the counter (OTC) trading ‘tables’ to comply with existing laws, including Know Your Customer (KYC), Anti-Money Laundering (AML) and Anti-Money Laundering. the Financing of Terrorism (CFT) ».

Bitcoin and Cryptocurrency Tracking Against Ransomware
The researchers also targeted cryptocurrency mixers as a tool used by criminals “to hide the identity of the owners” of crypto assets. In other words, the report explains that criminals “muddy” the network’s accounting by mixing legitimate traffic with illicit funds obtained by hijacking information.

The use of private currencies like Monero was also mentioned in the report. However, according to analysts, these have not been as widely adopted as bitcoin for ransomware payments , for example, because “they are not as liquid.”

One striking aspect of the document is that it generalizes by saying that cryptocurrencies are difficult to track . However, it also talks about the fact that there are blockchain analysis services that serve to understand which entities are conducting transactions with each other.

Another of the analysts’ concerns is that cryptocurrencies are considered “borderless.” According to the report, it has been the community itself that has built a set of technologies that reduce compliance costs and the transfer of funds.

The decentralized nature of cryptocurrencies was also questioned by the authors of the report. According to the research, reducing the threat from hijackers goes through increased global cooperation due to this particular aspect of digital assets. The foregoing is deduced since the regulators would be more adapted to the audits of centralized entities.

Ransomware as a computer crime
The ransomware or data hijacking was one of the biggest computer crimes during 2020 , as recently reported to CriptoNoticias, Pamela Clegg, director of research and training firm blockchain analysis, CipherTrace.

In these cases, hackers enter companies’ systems. Subsequently, they encrypt as much data as possible and then demand a ransom to decrypt it , that is, if the victim pays the required amount, the criminals “release” the hijacked information.

The RFT was formed in January 2019 by the Institute of Security and Technology (IST). Its guidelines are suggestions for governments and it is made up of companies and federal agencies of the United States. Some are: Chainalysis, CipherTrace, Amazon Web Services, Microsoft, the FBI, and the Secret Service.

Lola Karimova-Tillyaeva and Timur Tillyaev support UCLA Mattel Children’s Hospital during the pandemic

Claire James
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Lola Karimova-Tillyaeva and Timur Tillyaev support UCLA Mattel Children’s Hospital during the pandemic

Lola Karimova-Tillyaeva and her husband Timur Tillyaev are committed to helping children from deprived backgrounds, and have been doing so for almost two decades. Way back in 2002, the couple recognized an urgent need in their homeland of Uzbekistan. They decided to act and this is how the You Are Not Alone Foundation was born. Reacting to the challenge posed by COVID-19 in their hometown of LA, Lola Tillyaeva and Timur Tillyaev are also helping out by providing economic support to the UCLA Mattel Children’s hospital. This help arrived at a critical point as specialist equipment is in desperate need due to the pandemic.

Lola Tillyaeva and Timur Tillyaev’s support for charities

What first ignited the couple’s determination to act was the plight of orphans in Uzbekistan. Initially, they contributed funds to improve the care at orphanages and care homes across the country. After seeing how profoundly such interventions improved the lives of Uzbek children, they set themselves more ambitious goals. These days, You Are Not Alone is responsible for designing, constructing and outfitting purpose-built facilities right across the sprawling nation of their birth. Tashkent Mercy Home No. 23 offers one recent example. The 2.5-hectare site includes, a medical unit, three residential buildings, a conference room, a library, a sports centre, three swimming pools, a conference hall designed to host up to 250 people, a dining hall for 230 people, and an amphitheatre with a large stage.

To complement these services, Lola Tillyaeva and Timur Tillyaev’s foundation also operates in the fields of education and health. Lola and Timur provide university scholarships for talented students. As the couple explain: “Education is at the heart of everything the You Are Not Alone foundation does”.

You Are Not Alone is also involved in numerous programs to provide medical care to those in serious need. One of the most notable initiatives is the direct purchase of equipment for medical institutions. For instance, recognizing a need at the Perinatal Centre in Tashkent, they provided a range of equipment including, x-ray systems, cardiac monitors and ultrasound machines. The positive impact on patient care was deeply felt. Another strategy has been to form partnerships with other NGOs which bring more specialized expertise. For example, they’ve teamed up with the French organization, Association La Chaîne de l’Espoir (Chain of Hope). In this way they can assist children with chronic cardiac conditions. As Timur Tillyaev has said, “for the past two decades my wife and I have been involved in various charity projects in Uzbekistan and internationally to support the vulnerable and enable initiatives that help people”.

Life-saving equipment to UCLA Mattel Children’s Hospital

More recently, they have responded to the ongoing COVID-19 pandemic in the U.S. by helping to address shortages at the UCLA Hospital System. 

The couple’s commitment to helping those in need, especially children, continues today. Timur Tillyaev is currently on the board at the UCLA Mattel Children’s Hospital. As he explains, “I believe that by giving children the best opportunities, we are investing in a better world”.

Grow your eCommerce Business with These 6 High-level Marketing Tactics

Sam Allcock
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Grow your eCommerce Business with These 6 High-level Marketing Tactics

Wondering how to market your e-commerce site among the new competition added every day, then keep on reading for six high-level marketing tactics that can drive your sales and grow your E-commerce business exceptionally.

With the e-commerce industry growing year after year, keeping the business optimized with marketing strategies is getting more critical. While it looks rather pretty easy but to execute those strategies requires tactics that can drive the e-commerce business to its highest level of growth. 

To go the extra mile for customers, e-commerce companies give them first-time buyers incentives. This e-commerce marketing approach is a proven tactic for driving brand awareness. It is the practice of generating awareness for an e-commerce business using email, pay-per-click ads, and SEO, thereby surprisingly achieving more revenue and higher conversions every year.

Here we are mentioning how you can market your online store and discover ideas that can level up your business and manage to stand out in the crowd.

Search engine optimization 

SEO can identify and target keywords for your website if you are struggling to rank in the search engine results. This strategy can help to attract the audience to your e-commerce website and increase the ROI of your e-commerce business. A salesforce marketing cloud consultant ensures online retailers focus on immediate gratification and pick keywords for their specific niche. Updating content and using SEO tools like Plugin SEO can help you to notify you of any SEO errors you make and ensure you’re always optimizing correctly.

Pay-per-click ads 

Using pay-per-click ads has been recently one of the biggest sources of revenue for e-commerce businesses. While any advertising requires you to pay to drive your sales, Facebook advertising is getting more creative with their advertising and targeting more options to generate sales for online vendors. 

Using Google Ads, you can set certain keywords to let visitors find what they are looking for in their ad-based shopping platform. So, make thorough use of it and evolve over the coming years.

Social media Platforms

While we are not ignorant of its popularity, social media platforms are a great opportunity for an e-commerce business to spread its word. Considering the high number of people using these platforms, you can reach your targeted market through them. Share your e-commerce products, events, and promotions on these social media sites. 

This approach is a high-level marketing tactic that can position your e-commerce website as a valuable source and get the best engagement to help you maintain consistency and balance in your marketing activities. 

Every platform has a specific target audience like you get more sales from Pinterest and Facebook while serving a B2B audience with the LinkedIn platform. So, figure out which platforms are worth pursuing and use social analytics tools to look in-depth at your customers. Then you will be able to optimize your e-commerce business and build trust among potential customers.

Content marketing

While content marketing is an effective strategy that can serve multiple purposes, creating quality content that can boost your ranking is extremely important. So, for that reason, try to experiment with different types of available content and consider increasing your chances of gaining loyal customers. Additionally, you can also pick content based on who your audience is and lead them through the funnel by creating a more personalized experience. 

To stand out with content marketing, create content with familiar concepts within your niche and add a twist to recreate the viral content. Thus, you can improve your e-commerce business performance and have the highest impact on long-term growth.

Email marketing

When it comes to email marketing for the e-commerce business, it can drive the fastest traffic and sales. With a solid content marketing strategy, this high-level marketing tactic can help expand your digital footprint worldwide. It has the best features and metrics to check the purchases, clicks, and traffic, thus building a massive email list. 

The real magic in email marketing comes with the help of an email funnel that increases brand familiarity and builds funnels for your abandoned cart emails. You can complement your email campaign by adding a powerful component – by sending automated text messages to remind your clients of their abandoned baskets, you’ll ensure that your reminder is seen, since SMS texts have guaranteed open rates of 98%.

Collaborations

Brand collaborations or partnerships are the newest entrants in the marketing channels. It allows you to elevate your business by co-creating content. This strategy is known as influencer marketing and works particularly well if you are a startup and want to make a big bang within your industry. 

This marketing tactic showcases your products well and represents your brand positively, thus helping you get more pageviews back to your website. So why not leverage another brand’s audience without having to offer something extravagant in return.

Conclusion

With so many effective e-commerce marketing tactics, we hope you can likely rank higher than your competitors and improve your conversion rate in 2021. Just nudge your prospects to move down your sales funnel by using the right strategies and outperform other retailers. So, with a complete makeover and minor improvement, boost your sales and drive qualified traffic to your e-commerce site. There is no such thing as the best strategy. Just discover which will work for your store and make sure you are making the most of it.

5 Great Tips for Live Casino Players

Sam Allcock
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5 Great Tips for Live Casino Players

In the past decade the internet has made casino play more accessible than ever before. Instead of having to travel to a large, purpose-built casino, roulette, blackjack and baccarat fans can play their favourite games at bestcasino.co.uk from the comfort of their own homes.

Playing on your phone or computer in the relaxed setting of your own home can however, make you forget one of the key reasons we play these games – to win money.

In this article, we will share with you 5 great tips that can help to keep you focused on the end goal of growing your bank balance. Read on to find out what they are…

#1 Research Your Provider

There are hundreds of Live Casino websites out there vying for your business, so don’t settle for the first site that you find.

Be sure to shop around, paying particular attention to two things: customer reviews and welcome offers.

The first should go a long way to assuring you of the safety and customer service credentials of your potential new Live Casino. If you find a plethora of one-star reviews chastising the company for withholding funds, poor software or non-existent customer service, give them a swerve.

Once you have found a couple of decent, trusted sites be sure to check out their welcome offers and bonuses for new players. On average, the cost of acquiring a new customer to a business is $70, so remember your value.

If the welcome offers are stingy then look elsewhere, it won’t be hard to find another site with an enticing offer that can set you on your way to making profits.

#2 Don’t Drink

The majority of large casinos offer free food and alcohol to their guests as long as they are actively playing table or slot games. When people visit big casinos for the first time and find out this fact they are usually overcome with excitement, but they shouldn’t be…

There’s a very good reason that casino operators choose to have this policy and it is because alcohol makes people lose their inhibitions, making them much more likely to bet frivolously and play for longer.

Unfortunately for online Live Casinos, they don’t have the option to offer their customers’ free drinks so don’t do their job for them. Even if you’re only playing slot machines, you still need to have a clear head for decision making.

If you win big, treat yourself with a few drinks after you’ve finished playing, but try to avoid drinking and playing and if you don’t, just make sure that you don’t get wasted. Whilst playing tipsy isn’t advisable, it is still better than playing when you’re blind drunk.

#3 Research House Edge

If you’re an experienced casino visitor you’ll most likely be aware of house edge, which is what allows casinos to turn profits.

If you haven’t heard this term before, it is used to describe the money that a casino will win on average from each game.

For example, most slot machines have a house edge between 3% and 6%, which means for every $100 wagered they will make a profit of $3 – $6.

If you’re playing slots, the house edge should be stated in the description of the game and when it comes to table games like blackjack, a quick Google search should give you a good idea of what to expect.

If your sole aim when playing with a Live Casino is to make money, then make sure that you mainly play games with as low a house edge as possible.

#4 Strategize

There is a common misconception amongst the public that casino games are all a matter of luck and chance which is simply not true.

Of course, the house edge prevents players from consistently winning every time they join a table game of spin the reels on a slot.

However, you can reduce the effect of the house edge significantly if you employ a tried and tested strategy.

For casual players, blackjack has a house edge of between 1.5% and 2.5%, however if you use something like the Martingale Strategy or the Fibonacci Method you can reduce that figure to as little as 0.05%.

This is true not just of blackjack but of all the major table games that you will find at a Live Casino, so before you sit down to play, spend some time researching a tried and tested strategy.

#5 Bet Little & Often

Practice makes perfect, so if you want to get better at your favoured casino game you will need to play as often as you can.

The best way to do that is by wagering the lowest stake possible when you take a seat at the virtual table.

Tempting as it may be, wagering $1 instead of 1 cent can actually be counterproductive in the long-run. Sure, you’ll have more money in the bank if you win, but if you don’t your bankroll will diminish pretty quickly.

So whenever you decide to play a table game for the first time, pick the lowest wager possible which will allow you to acquaint yourself with the game and fine tune the strategies that you have researched.

Now you’ve made your way through our 5 great Live Casino tips, it’s time to start your research so you can move toward maximising your profits and having way more fun when you play casino games online.

German Regulator Warns That Binance May Be Fined For Stock Tokens

ABC Staff
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German Regulator Warns That Binance May Be Fined For Stock Tokens

Germany’s Federal Financial Supervisory Authority (BaFin) warned yesterday, April 28, that cryptocurrency exchange Binance may have to pay a fine for launching share tokens without a prospectus for investors.

As reported by this media outlet, Binance launched fractional share tokens for Apple, MicroStrategy and Microsoft on Monday this week, in addition to the tokens for Coinbase and Tesla that were already operating.

The German regulator pointed out that Binance’s failure to publish a prospectus on the exchange’s website represents a violation of the European Union (EU) Securities Law. This could see the popular cryptocurrency exchange face a fine of 5 million euros , which is equivalent to $ 6 million or 3% of the turnover it recorded during 2020.

The government entity pointed out on this issue, that “investments in securities should only be carried out on the basis of the necessary information.”

BaFin has reason to suspect that Binance is selling shares in Germany in the form of “share tokens” without offering the necessary prospectuses.

BaFin.
Tradable share tokens are a new type of asset that Binance has been offering to users of its platform since last April 12. These are tokens backed by shares of companies listed on the stock exchange, which the exchange allows to acquire in fractions .

This action seems to start a trend and has already been copied in Latin America by the Argentine exchange Decrypto. This exchange recently launched tokens representing the shares of Google, Apple and Microsoft, among others.

Binance agrees to follow BaFin’s requirements
Jessica Jung, Binance’s Global Head of Public Relations, said the exchange intends to comply with its various jurisdictional regulatory requirements, and will take steps to remedy the matter.

The executive assured that “Binance takes its compliance obligations very seriously and is committed to following the requirements of the local regulator wherever it operates.” “We will work with regulators to address any questions they may have,” he added.

Other European regulators also have their sights set on Binance’s tokenized shares, as CriptoNoticias recently reported.

Days ago, BaFin had said that “if the tokens are transferable, can be traded on a cryptocurrency exchange, provide dividends and are settled in cash, they could be classified as securities (security).” BaFin therefore considers that the companies that offer them should publish a prospectus as if they were traditional shares.

Three Things that Lenders Consider When you Apply for a Secured Loan

Sam Allcock
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Three Things that Lenders Consider When you Apply for a Secured Loan

First, what is a secured loan?

A secured loan, also known as a second charge mortgage or homeowner loan, is a loan which is secured against as asset – usually your home but buy to let properties can also be used. The money can be used for any reasonable and legal purpose and it is repaid monthly over a term of between 3 and 25 years.

Using an online secured loan calculator will give you an understanding of how a secured loan would work and an estimate of the costs involved.

What do lenders consider when you apply for a secured loan?

The equity available in your property

Before the lender reviews your financial circumstances, they will need to look at your property. They will consider the value of the property and the amount of equity that you hold (the proportion owned outright by you).

If you already have a mortgage on the property then the lender will take this into consideration when working out how much you can borrow. There will be a maximum loan to value (LTV) which is the maximum percentage of the property’s value that you can borrow.

An example:

Your property is worth £300,000 with an outstanding mortgage balance of £165,000. This means the current LTV is 55%. If the secured loan lender is operating on a maximum LTV of 70% then you can borrow a further 15% of the property’s value, so £45,000.

Your income and outgoings

One of the main things that lenders consider when reviewing your secured loan application is your income and outgoings. This is because you need to make monthly repayments with a secured loan and they need to assess whether you can afford this.

They will look at all of your income sources, whether you are employed or self-employed, and they will look at all of your regular outgoings. This includes your mortgage payments, any other debts where you make regular payments, and your monthly bills. This will determine whether or not you can afford to make the secured loan repayments on top of your current monthly expenditure.

Your credit score

Lenders will also consider your credit score and history. They will look at how you’ve managed loans in the past in terms of the amount you’ve borrowed and whether or not you’ve made all of the repayments.

Unless you have a particularly poor credit rating, you should still get a secured loan even if you’ve had issues in the past. This is because the loan is secured against an asset (your home) so the lender has a way of recuperating the funds if you don’t repay it. However, the better your credit history, the better interest rate you’ll be offered (usually).

Beginner’s Guide to Trading

Sam Allcock
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Beginner’s Guide to Trading

Those who want to earn a fortune on stock trading may find education crucial. Knowledge helps you to build a winning strategy for investments, open a trading account at the proper place, and choose the type of investment. This guide was created to walk you through the primeval rules of trading. Read it to become more confident in your actions.

  1. Choose the Broker

Start your work by opening your brokerage account. Make sure that the stock brokerage you choose has a reliable reputation. Don’t hesitate to search for information about the company before you sign up for it. The Internet is filled with millions of reviews from happy or angry clients, which you may find helpful. Make sure you are working with the best. Consider the next factors:

  • The fees the brokerage asks from you as a commission. Many of them offer free-of-charge trading;
  • Professional website and user-friendly mobile app;
  • Research tools that you can use;
  • Educational articles and materials available for clients;
  • Positive reviews of clients and reputation of the brokerage on the market. You may either go with Charles Schwab and Fidelity or pay attention to the newcomers like SoFi, Robinhood, or WeBull.
  1. Research the Stocks

After you open the account, you may start buying stocks. However, the question about which stocks to buy concerns even the most experienced traders from time to time. Each trader usually has their own strategy when it comes to choosing stocks. You may find numerous pieces of advice from experienced brokers online. Usually, they recommend beginning with exchange-traded funds or ETFs. These funds provide you with the package of stocks if you don’t know which company to choose. They replicate Nasdaq, S&P500, and Dow Jones indices. You can also extend your portfolio with bonds and other assets, apart from stocks.

  1. The Type of Trade

You always have a choice when it comes to the type of order you want to use. The basic types are:

  • Limit orders don’t have to be implemented immediately. They provide you with control over the price you want to pay;
  • Market orders. They must be performed immediately for the most profitable price that is offered at this very moment.
  1. The Price for Trade

You have to take control of your budget but be ready to overpay. Pay attention to the expenses, the money you have to pay to buy stocks and trade or hold them. The commission fee is a part of these expenses, and you have to ask for it from the brokerage. Even if your brokerage does not have a fee, there are expense ratios. They are the funds that are under the control of the person who receives the percentage of assets of the funds yearly. Don’t forget about risk tolerance that must be considered beforehand.

Begin Your Trading

After you learn everything you need, you have to start acting. The new knowledge will come with time anyway. All you have to do is to calculate your chances, pick the best brokerage, and act. Choose your strategy and don’t hesitate to change it when you learn more.

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