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Some news you may have missed out on part 134.

-Rupee continues to recover, gains Rs4.16 in four months
The Pakistani rupee has maintained a gradual uptrend against the US dollar since the beginning of current fiscal year in July and is anticipated to gain more ground in the remaining eight months amid expectations of increase in foreign currency inflows.
The rupee gradually strengthened Rs4.16 or 2.60% in the past around four months to Rs155.88 to the US dollar in the inter-bank market on Friday, according to the State Bank of Pakistan (SBP). “The rupee may recover to 145 to the greenback by June 30, 2020,” Forex Association of Pakistan (FAP) President Malik Bostan projected while talking to The Express Tribune.
Further: -In a positive development, Pakistani Rupee hits highest level of four months against US dollar
The Pakistani rupee has shown recovery against the US dollar as the US currency reached the lowest level in four months.
-ExxonMobil to help build LNG terminal in Pakistan
After getting a liquefied natural gas (LNG) supply contract from private-sector consumers, US energy giant ExxonMobil is planning to build the third LNG terminal in Karachi as a joint-venture partner.
Some time ago, ExxonMobil, in collaboration with Pakistan’s exploration and production companies, drilled an offshore well to search for hydrocarbon reserves in the Arabian Sea. However, the effort could not prove successful. Now, in a new venture with Energas consortium, the US firm is going to invest in setting up an LNG terminal in Pakistan.
-Pakistan's Hindu community celebrates Diwali today in a renovated temple reopened by the Pakistan government after 72 years
he country’s Hindu community is celebrating the annual religious festival of Diwali. The religious festivities are expected to take place in Shawala Teja Singh Temple, located in Sialkot, after 72 years.
All preparations for the upcoming festival have been completed. The festival of Diwali is being seen as more of a cultural than a religious one as people from other faiths will celebrate alongside members of the Hindu community.
The temple, where the festivities will take place, was closed down in 1947. The Evacuee Trust Property Board (ETPB) and certain members of the Hindu community decided to open the temple a few months ago, after which the renewal and renovation work had begun. Now, for the first time, this temple is going to celebrate a religious ceremony.
-Tax Returns Filed Per Day in 2019 Have Increased by 127 Percent: FBR Chairman
Federal Board of Revenue’s (FBR) Chairman Syed Shabbar Zaidi has announced that on average, tax returns filed per day in 2019 have risen by 127 percent compared to last year. In a Twitter post, Zaidi shared details of the tax returns filed so far. As per the records, the number of tax returns filed in 2019 till October 25 stands at 918,027, as compared to 585,209 tax returns filed in the same period last year.
Zaidi said that as of November, the FBR will impose strict measures against unauthorized interactions and harassement between its staff and the business community. The business community is suggested to report to FBR if any person contacts them through any manner without proper authorization.
-Pakistan, Nepal agree to enhance trade ties
President Dr. Arif Alvi on Saturday held a meeting with the Nepal’s Prime Minister Khadga Prasad Sharma Oli on the sidelines of 18th Non Aligned Movement Summit in Baku, ARY News reported.
According to a statement issued by the ministry, both the leaders affirmed to enhance trade ties between the two countries and expressed their desire to further strengthen the bonds of friendship. Matters of mutual interest, bilateral relations, regional peace, grave human rights violations and humanitarian crisis in occupied Kashmir and other issues were came under discussion in the meeting.
Speaking on the occasion, President Alvi briefed the Nepalese prime minister on Indian illegal actions in occupied Kashmir. He expressed hope that Nepal will play its role as SAARC chair, for strengthening peace and stability in the region.
-CPEC enters into 2nd phase: Poverty, agriculture, B2B initiatives prime focus: Khusro
Federal Minister for Planning, Development & Reform Makhdoom Khusro Bakhtyar Wednesday said the CPEC has now entered into its second phase with focus on poverty alleviation, agriculture and B2B industrial cooperation.
“The Pakistan Tehreek-e-Insaf (PTI) government's economic reform measures will strengthen the country's economy as the investors' confidence is rebounding due to corrective measures," the minister expressed these views while talking to Australian High Commissioner Dr Geoffrey Shaw who called on him on Wednesday. Secretary Planning Zafar Hasan was also present in the meeting.
While discussing bilateral relations and foreign investment in various sectors in Pakistan especially in Gwadar, the minister said that ongoing phase of CPEC will bring about socioeconomic benefits for the welfare of the people. He said that CPEC offers enormous potential to boost national economy and reduce poverty.
-Pakistan's Defence Exports have reached USD 212.6 MILLION IN 2018-2019
According to the Pakistan Ministry of Defence Production’s (MoDP) “First Year Performance Report,” the country had registered $212.6 million US in defence exports from August 2018 to August 2019.
Pakistan Aeronautical Complex (PAC) booked the highest value at $184.38 million US, which was followed by Pakistan Ordnance Factories (POF) at $7.13 million US and Heavy Industries Taxila (HIT) at $1.3 million US. In addition, private sector firms booked $19.36 million US in sales.
No additional breakdowns were provided by the MoDP. It is likely that PAC’s exports were fueled by co-production work for FC-1/JF-17 sales to Myanmar and/or Nigeria. Though an agreement was signed with Turkey for the sale of 52 Super Mushshak basic trainers, it is unclear if PAC has started manufacturing these aircraft.
-DRAP to launch countrywide drive against substandard, spurious medicines
The Drug Regulatory Authority of Pakistan (DRAP) is launching a countrywide campaign against substandard medicines, the PM’s Special Assistant on Health Dr. Zafar Mirza said while addressing the federal and provincial drug inspectors in Islamabad on Thursday.
He said a crackdown is being launched throughout the country to eradicate the menace of unregistered, spurious and sub-standard medicine. In addition to medicine quality, he added, DRAP will also take stern action against violation of fixed prices of medicines.
-Foreign exchange: SBP reserves increase $79m to $7.89b
The foreign exchange reserves held by the central bank increased 1.14% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.
Earlier, the reserves had spiralled downwards, falling below the $7-billion mark, which raised concern over Pakistan’s ability to meet its financing requirements. However, financial assistance from the United Arab Emirates (UAE), Saudi Arabia and other friendly nations helped shore up the foreign exchange reserves.
On October 18, the foreign currency reserves held by the SBP were recorded at $7,892.7 million, up $79 million compared with $7,813.7 million in the previous week. The report cited no reason for the increase in reserves, which stood below the $8-billion mark.
-Ease of business: Pakistan up 28 places on World Bank index
Pakistan has jumped up 28 places on the World Bank’s (WB) Ease of Doing Business Index and secured a place among the top 10 countries with the most improved business climate – a development that will greatly improve Islamabad’s image abroad,
Pakistan carried out six reforms that helped improving its ranking from 136 to 108, according to the WB’s annual flagship report, ‘Ease of Doing Business 2020’, released on Thursday. It turned out to be the sixth global reformer and first in South Asia that brought ease in doing business in the last one year.
The fewer are the regulations the better is the ranking on the index. The key to attain perfection is to cut the bureaucracy hindering business activities in the name of various regulations and procedures.
-CM approves Rs 500m for Punjab Housing & Town Planning Agency
Punjab Chief Minister Sardar Usman Buzdar has given approval of Rs 500 million for Punjab Housing & Town Planning Agency. He gave approval while presiding over a high-level meeting at CM Office here on Monday. During the meeting progress on Naya Pakistan Housing Project for low-income persons was reviewed and detailed briefing was also given to the participants on Naya Pakistan Housing strategy.
While addressing the meeting, Usman Buzdar said that obstacles should be removed in order to ensure completion of Naya Pakistan Housing Scheme and financial conditions of common man should be kept in mind while chalking out housing policy of the project. All out attention should be paid while constructing small houses in the province, he added. It has also been decided during the meeting to launch rural housing project in 17 model villages.
-KSE 100 gains 204 points amid improved sentiments
The benchmark KSE 100 Index depicted remarkable progress as it gained around 204 points and concluded at 33,861-level.It was a busy start to the week at the Pakistan Stock Exchange (PSX) with earnings season hitting its peak, while volumes remained at par with previous weeks’ average.
Biggest single day investment in treasury bills in the previous week of estimated US $87.5 million, increasing total investment to US$440 million since July 2019 was the major rally point in the market sentiments.
The bourse recorded an intraday low of 33,572.36 soon after the commencement of the session. However, after regaining the momentum, the index marked its day’s high at 34,008.35 adding 350.89 points. It settled higher by 204.13 points at 33,861.59. The KMI 30 Index accumulated 386.53 points to settle at 55,155.92, while the KSE All Share Index managed to gain 86.13 points, ending at 24,543.78.
-Sindh to reserve 0.5% job quota for transgender persons
The Sindh Cabinet on Wednesday agreed to reserve 0.5 per cent quota in government jobs for transgender persons. “I want to bring transgender people into the mainstream,” said Sindh Chief Minister Syed Murad Ali Shah during the cabinet meeting. “We want to make them an asset for our society.”
CM Murad congratulated the transgender community on behalf of the cabinet and advised them to improve their education. Around 41,000 positions are vacant in different government departments across Sindh out of which 206 will be given to transgender people.
A spokesperson from the chief minister’s house stated that out of the 41,000 available jobs 16,000 positions will be filled this fiscal year. Rest of the positions will be filled in the period of next three years.
-Malaysia's Mahathir stands by Kashmir comments despite India palm oil boycott
Malaysian Prime Minister Mahathir Mohamad said on Tuesday he would not retract his criticism of New Delhi’s actions in occupied Kashmir despite Indian traders calling for an unprecedented boycott of Malaysian palm oil.
The impasse could exacerbate what Mahathir described as a trade war between the world’s second biggest producer and exporter of the commodity and its biggest buyer so far this year.
India’s top vegetable oil trade body on Monday asked its members to stop buying Malaysian palm oil after Mahathir said at the United Nations General Assembly last month that India had “invaded and occupied” Kashmir.
-“World’s two major companies setting up solar panel plants in Pakistan”
Federal Minister for Science and Technology Fawad Chaudhry announced on Monday that the world’s two major solar panel firms will establish their plants in Pakistan. The minister tweeted saying “good news gets lost in political plays, yet I am very happy that the world’s two major companies are setting up solar panel’s plants in Pakistan.”
Chaudhry added that China’s second-largest Lithium battery producer will also set up its workshop in Pakistan. The Lithium battery-powered buses will also be manufactured in Pakistan, the tweet further said. The Minister for Science and Technology was recently on a visit to Beijing where he met various Chinese officials and the country’s business leaders.
-Pakistan Navy organizes free medical camp in Balochistan
Navy organized a free medical camp in the village Dam of Balochistan in collaboration with Sahil and Ulfat welfare foundations. According to the spokesperson of Pakistan Navy, specialist doctors of surgical, medical, skin, gynecology, child and general medically inspected patients at the camp. Over 700 patients were provided with free medical treatment, medicines and ordinary surgical facilities.
-Lahore to get Tram service soon
Citizens of Lahore are getting a modern-day tram service soon, based on the famous British-era tram service. In this regard, the Punjab Transport Department has inked an agreement with CRSC International, a Chinese company specializing in rail transportation control systems, and Inkon Group of the Czech Republic.
The development of the project is divided into several phases. In the first phase, a 35 km track will be constructed on Canal Road, Lahore. Up to 50 trams will run on this track. Once operational, the trams will be able to carry 35,000 passengers in 1 hour. The trams will be powered through electricity and batteries. A single tram will have a service life of around 40 years. 2 tram depots will be constructed at different locations as well.
-10 Pakistani Universities Ranked Among the World’s Best in ‘University Impact Rankings 2019’
Ten Pakistani universities have been ranked among the top universities in the world in the Times Higher Education (THE)’s list. THE is a weekly UK-based magazine that issues its annual list of world’s most influential universities.
The list called ‘University Impact Rankings 2019’ has included 10 Pakistani varsities in different categories, including Gender Equality, Good Health and Well-being, Quality Education, Decent Work, Economic Growth, and others. According to the magazine, the rankings assess universities against the United Nations’ Sustainable Development Goals.
-PM Imran Khan inaugurates China-Hub Power Generation Plant in Balochistan
Prime Minister (PM) Imran Khan has said that Pakistan is moving forward through China-Pakistan Economic Corridor (CPEC) projects. Addressing inaugural ceremony of China Hub Power Generation Plant in Balochistan, he said this is the first joint project under the CPEC umbrella and he is very happy after inaugurating it.
“The government will facilitate joint collaboration between Pakistani and Chinese businesses in various sectors.”, he said. PM Imran Khan said with the help of coal reserves in Thar, Pakistan can generate huge amount of electricity, which can be enough for at least 100 years.
-Punjab Forest Department develops ‘record keeping’ mechanism
Department of Forest Punjab is managing 1.6 million acres of forest land area – 67 per cent of the entire forest land area in Punjab – under the Geographic Information System (GIS), Pakistan Today learnt reliably on Friday. The program enabled the forests department to ensure sound management and introduce state of the art record-keeping and mapping methods.
‘Development of GIS-Based Forest Management Information System in Punjab’ was approved at PC-1 with a cost of Rs75 million and a gestation period of 36 months (2016-2019) has allowed for transfer of all forest resources and inventories into IT-based inventory systems and achieved extensive field surveys, rapid data collection and its processing for development of the forestry sector on efficient lines.
-Hutchison Port Holdings announces $240m investment in Pakistan
Prime Minister Imran Khan has welcomed $240 million foreign investment from Hutchison Port Holdings, a Hong Kong-based port operator. A delegation of Hutchison Port Holdings, led by its Group Managing Director Eric Ip, called on Prime Minister Imran Khan on Tuesday. Other delegation members included HPH Middle East & Africa Managing Director Andy Tsoi and Middle East & Africa Business Director Eric Ng.
Maritime Affairs Minister Syed Ali Haider Zaidi, Adviser to PM on Commerce Abdul Razzaq Dawood, Special Assistant to PM on Overseas Pakistanis Syed Zulfiqar Abbas Bukhari, Ambassador-at-Large for Foreign Investment Ali Jehangir Siddiqui and Board of Investment Chairman Zubair Haider Gilani were also present on the occasion. Group Managing Director Eric Ip apprised the prime minister of Hutchison’s fresh investment into Pakistan approximating $240 million which will enhance the new container terminal capacity at the Karachi Port, and increase Hutchison Ports’ total investment in Pakistan to $1 billion.
-Punjab's tax collection jumps 44%
Punjab’s tax collection registered a 44% growth to Rs77 billion in first quarter of the ongoing fiscal year compared to the corresponding period of previous year, despite tough conditions of the federal government for the provinces to get a share in the federal divisible pool of resources. Punjab Finance Minister Makhdoom Hashim Jawan Bakht disclosed this at a review meeting of the Finance Department on Monday.
The meeting was briefed that despite the financial backlog left by the previous government, the current government gave a surplus budget of Rs233 billion in order to meet financial requirements of the federal government to comply with conditions of the International Monetary Fund (IMF) loan programme.
-‘SECP recognised as 7th most effective regulator in world’
The Securities and Exchange Commission of Pakistan (SECP) has been recognised as the “7th most effective regulator” by the World Economic Forum in its ‘Global Competitiveness Report-2019’.
“Pakistan was ranked as the 52nd most dynamic economy in the world. The country secured this by improving 15 points from last year, as it stood at 67th in 2018,” said a statement issued by Mishal Pakistan, Country Partner at WEF’s Institute of the Future of Economic Progress System Initiative, on Wednesday. “The progress of Pakistan’s competitiveness was due to the achievements made during the last 12 months.”
The most effective improvements were made due to the initiative and strategies adopted by the apex regulator for the corporate sector and the capital markets; supervision and regulation of insurance, non-banking financial companies and private pension schemes. The SECP improved Pakistan’s competitiveness rankings by improving the “number of days to start a business”, where Pakistan was ranked at the 90th position compared with 96th in 2018.
-Pakistan China bilateral trade crosses $19 billion, highest ever in history
Pakistan Ambassador to China , Naghmana Hashmi has said the bilateral trade volume between Pakistan and China has now touched US $ 19.08 billion and both countries aimed to raise it further.
“The bilateral trade volume between Pakistan and China has now touched US$ 19.08. We aim to raise it further,” Ambassador Hashmi said joint ventures in defence production have led to the manufacture of the MBT 2000 Al-Khalid Tank and JF-17 Thunder, a fighter aircraft. “On the diplomatic front, the two countries are committed to protecting and promoting multilateralism and upholding the United Nations (UN)Charter, while our cooperation has extended to science and technology, socioeconomic sectors and nuclear cooperation for peaceful purposes,” she added.
-Foreign Company Agrees to Drop $6 Billion Penalty, Re-Invest in Reko Diq: Reports
The International Center of Settlement of Investment Disputes (ICSID) had slapped the country with a $6 billion penalty for revoking the contract without prior knowledge back in 2009. Soon after the development, the Prime Minister had empowered his financial team to contact the executives of the Tethyan Copper Company (TCC) to reach an out-of-court settlement and avoid the penalty.
Reportedly, after the Pakistan authority’s approach, the company has not only agreed to take back the penalty but has also agreed to invest in the project again. As per media reports, PM Imran Khan contacted the TCC management and discussed the prospects of the matter. He assured the company his full support if they wanted to revise the investment plan for the project. The company will reportedly withdraw its appeal from the ICSID, while Pakistan will compensate for their damages due to the cancelation of the contract.
-Current account deficit shrinks massive 64pc
The country’s current account deficit (cad) in the first quarter of current fiscal year declined by a huge 64 per cent mainly on the back of a 21pc reduction in the imports bill.
The State Bank’s latest data issued on Friday showed the current account deficit for July-September FY20 clocked in at $1.548 billion compared to $4.287bn in the same period last fiscal year; a decline of $2.739bn.
The reduced current account deficit is a positive omen for the government, which is struggling with slow economic growth and high inflation. However, despite massive decline in rupee’s value, the country’s exports have failed to register any noticeable increase during the period.
-Food imports down 24pc, exports up 14pc in Q1 FY20
Food group imports into the country during the first quarter of the current financial year (July-Sept 2019-20) decreased considerably by 24.7pc, whereas exports increased by 13.98pc compared with the corresponding period of last year.
The import of food commodities into the country during the period under review came down from $1.45 billion to $1 billion, whereas the exports increased from $864 million to $984.7 million, according to latest data released by the Pakistan Bureau of Statistics (PBS).
-Chinese Smartphone Company Realme to build mobile phone manufacturing factory in Pakistan
Chinese company Realme's Director of Marketing in Pakistan Mr He Shunzi in an interview disclosed that Realme is planning to set up the mobile phone manufacturing factory in Pakistan. He told that company is inspecting locations in Islamabad, Peshawar, and Faisalabad Industrial Estate for suitable land. Pakistani mobile market offers guaranteed capital as Realme ranked top five android brands in Pakistan in less than nine months, capturing 8% of total market share, he added.
-Chinese Coal Giant Wants to Convert Thar’s Coal to Diesel
China’s Shenhua Ningxia Coal Industry Group will help convert Thar’s coal into oil and the talks between the two parties are underway. The Shenhua Ningxia Coal Industry Group is a subsidiary of China’s biggest coal producer, the Shenhua Group and the company already has the world’s largest plant for converting coal into diesel, with an annual production capacity of 4 million tons in Ningxia in its portfolio.
The agreement, if signed, will be a ‘game-changer’ for Pakistan, believes Adviser to Prime Minister on Petroleum Nadeem Babar, who accompanied Imran Khan on his recent visit to China. The Pakistani delegation held talks with the Shenhua Group during the trip:
-In a positive development, Pakistan projected among top 20 rising economic growth engines of the World
Pakistan projected among 20 top rising economic growth engines of the World that would dominate the global growth in next 5 years. Pakistan has been projected as one of 20 countries that will dominate global growth in five years time in 2024, an assessment made by Bloomberg using data from the International Monetary Fund (IMF).
-In a positive development, Pakistan textile exports register increase
Textile exports from the country increased by 2.95pc during the first quarter of the current fiscal year (July-Sept FY20) compared with the corresponding period of the last fiscal year. The textile exports during the period under review were recorded at $3,371.974 million as against the exports of $3,275.303 million during July-September 2018-19, according to latest data by the Pakistan Bureau of Statistics (PBS).
The textile commodities that contributed to the positive growth included raw cotton, exports of which grew by 53.65pc, from $7.047 million to $10.828 million. Similarly, the exports of yarn (other than cotton yarn) increased by 21.95pc, from $7.759 million last year to $9.462 million, while that of knitwear surged by 11.14pc, from $701.393 million to $779.548 million.
-Kartarpur Corridor will open to public on November 9: PM Imran
Prime Minister Imran Khan on Sunday announced that Pakistan will inaugurate the Kartarpur Corridor on November 9. The premier’s announcement came via a Facebook post in which he said that construction work on the Pakistani side had entered the final stage. “Pakistan is all set to open its doors for Sikhs from all across the globe,” he wrote. “World’s largest Gurdwara will be visited by Sikhs from across India and other parts of the world,” he said.
-'$1.2b penalty in Karkey case likely to be waived'
Pakistan Tehreek-e-Insaf (PTI) leader and senior lawyer Babar Awan has said that the $1.2 billion penalty that Pakistan has to pay to Turkey’s Karkey rental power plant is likely to be waived.
“International institutions, through high-level backdoor contacts, have agreed to waive off the penalty. This is very good news for Pakistan,” said Awan while addressing the media on Friday. “International institutions have shown their trust in Prime Minister Imran Khan,” he added.
-Punjab Govt to Introduce a Unified Tax Collection System
Punjab government is contemplating the introduction of a unified tax collection system in the province. The unified system will streamline the tax collection process and facilitate the taxpayers. At the moment, Punjab Revenue Department, Excise and Taxation Department, and local administrations collect taxes in Punjab. On Sunday, Finance Minister of Punjab, Makhdoom Hashim Jawan Bakht, headed a meeting of Punjab Revenue Authority (PRA). Bakht said that a special tax management unit will be set up at the Punjab finance department that will unify tax collection all across the country.
-PM To Launch Clean Green Pakistan Index for Multiple Cities
Prime Minister’s Adviser on Climate Change, Malik Amin Aslam, said that Imran Khan will launch the Clean Green Pakistan Index (CGPI) at a grand launching ceremony on October 30. The initiative is aimed at introducing competition among cities on various indicators, including public access to clean drinking water, safe sanitation, effective solid waste management, and tree plantation.
The prime minister will announce a six-month competition among 19 cities of Punjab and Khyber-Pakhtunkhwa provinces, he added. The adviser said that after six months, these cities will be ranked again and those with prominent progress will be rewarded with special federal and provincial government funds and more cities will be joining the competition.
-PM Khan Will Lay The Foundation of Baba Guru Nanak University on Oct. 28
Prime Minister Imran Khan is going to lay the foundation stone of Baba Guru Nanak University on October 28. The establishment of this university in Nankana Sahib was announced earlier this year when PM Khan was in the town for a Spring Tree Plantation Campaign.
-Sindh govt invites bids for Dhabeji SEZ
The Sindh government has launched the well-connected Dhabeji Special Economic Zone in district Thatta near Port Qasim, according to a statement issued on Monday. In this connection, the Sindh Economic Zones Management Company (SEZMC), being the provincial SEZ custodian, has invited proposals for the development and operation of Dhabeji project through an advertisement published in leading national and international newspapers.
Dhabeji SEZ was highlighted in the recent meeting of the China-Pakistan Economic Corridor (CPEC) Joint Working Group on Industrial Cooperation. The senior officials of China’s National Development Reforms Commission (NDRC) appreciated the Sindh government on the progress made so far. The Sindh government launched the project through an international competitive bidding process as a build-up to the upcoming 10th Joint Coordination Committee (JCC) meeting between China and Pakistan, which would be held next month.
-Rice exports surge 51pc in first quarter FY20
Rice exports from the country during the first quarter of the financial year 2019-20 grew by 50.76pc as compared to the corresponding period last year. During the July-September period, about 839,356 metric tonnes of rice, worth $470.584 million, were exported as compared the exports of 551.5,86 metric tonnes, valuing $312.147 million, during the same period of FY19.
According to data released by the Pakistan Bureau of Statistics, the exports of basmati rice increased by 47.29pc, as 212,873 metric tonnes of basmati rice ($194.669 million) were exported during the first quarter of FY20, as compared the 127,669 metric tonnes ($132.166 million) in the same period of last year. Meanwhile, 34,090 metric tonnes of fish and fish preparations worth $79.549 million were also exported in the period under review as compared to the exports of 25,859 metric tonnes valuing $67.294 million during the same period of last year.
submitted by FashBasher1 to pakistan [link] [comments]

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Partial translation of long Chinese article regarding the recent actions of PBOC

https://www.sosobtc.com/article/24259.html
The following is a rough/partial translation of the article "Reflections on the present situation of Bitcoin and thoughts on its future" provided in the link above
Two hurricanes swept through the landscape as the summer season trails off, instead of uprooting trees and destroying houses, it ravaged through the Bitcoin markets.
In early September, Chinese authorities made an announcement banning Initial Coin Offerings (ICO), this was shortly followed by a second official statement regarding the closures of Chinese cryptocurrencies exchanges. These two statements triggered a flurry of selling off and caused a massive upheaval in cryotocurrency markets.
This author had anticipated these actions from PBOC, and was perhaps, even an unwitting instigator (in the most minor sense possible) for the current turn of events. A few days back, this author had suggested that PBOC should just shut down Bitcoin mines and exchanges in China, thus allowing an easy way out for the central bank to abscond itself of any “supervisory responsibility” over this burgeoning industry. This would also ensure that Bitcoin markets would open to develop organically in a democratic, autonomous manner, free from constant irrational interference of the Central Bank. Nevertheless this author still found it surprising that the typically indecisive PBOC would take such a drastic action within such a short time.
In the author’s opinion, there are three main factors, and three minor factors that lead to this latest decision by PBOC. Here are the 3 main reasons:
1) The increasingly unwieldy size of the Bitcoin market
First, let’s keep a few figures in mind. 1) In 2015, based on the limited amount of information available to the public; China UnionPay the crown jewel of PBOC disclosed a profit of 3.8 billion CNY, and held 66.5 billion CNY worth of assets. 2) 220 billion CNY; stamp duty revenue generated from securities issued by CSRC.
Now, consider the size of the Bitcoin industry in China. China holds approximately two thirds of Bitcoin currently in circulation, ~10 million Bitcoins. Before the most recent market upheaval, Bitcoin’s value was holding steady at around 30000 CNY (4500 USD), hence according to this approximation, Bitcoin holders in China is controlling 300 billion CNY worth of a highly liquid, easily transacted wealth that is not subjected to regulations and jurisdiction by the Central Bank and Ministry’s of Finance. In a space of a few short years, the amount of wealth held by Chinese citizens in Bitcoin has now swelled to a very significant amount that’s on the scale of annual military spending of nations such as India and Russia (55.9 billion and 69.2 billion USD respectively, estimated Bitcoin holding in China 45 billion USD (when price was at 4500 usd)
Now that the days of exponential Chinese economic growth driven by its manufacturing industry is over, various ministries are trying all sorts of different methods to promote economic growth. However, for all their efforts to promote and cultivate a new multibillion industry, their achievements pale in comparison to the Bitcoin and cryptocurrencies industry which had slipped right under their noses and is now thriving. It is easy to conjecture that the success of this new, non-government sanctioned industry is a slap in the face for archaic and control hungry Chinese party officials.
Following the runaway success of Tencent and Alibaba, two recent multibillion companies which the Chinese State failed to put their finger in, Chinese officials are now determined to nip the Bitcoin industry in its bud before it blossoms into another non-state sanction success. This vindictive and petty type of thinking is rather typical, and to be expected of the current administration.
2)Disruption of the societal hierarchy
The social hierarchy of China is still largely determined by state-owned monopolies. The distribution of public wealth and resources like real estate, mining rights, and business permits etc. are dictated by those wielding power in state enterprises. The immense wealth generated by these essentially risk free businesses is only accessible to relatives of high-ranking officials and fellow insiders, i.e an oligarchy.
However the wealth generated from the Bitcoin industry which was essentially started by a bunch of tech enthusiasts with some old computers, a few lot of GPUs, and self taught mathematical models. This completely circumvents the typical route to wealth and riches as dictated by the state, and is a threat to the way they constructed the society to be. Hence, the Bitcoin industry must be stopped and to be made an example of.
Business owners in cahoots with state officials also resents the Bitcoin industry greatly, like how they resisted e-payment systems like Alipay, WechatPay, or e-communities such as qq and Wechat initially. These business owners are essentially power brokers, where their greatest asset lies in their ability to act as an intermediary between private enterprises and the State, if new businesses no longer require the blessing of the state to prosper, then as the unofficial toll collectors would surely be starved.
3)The inequality of wealth distribution arising from the Bitcoin industry
The frontrunners and greatest benefactors of the Chinese Bitcoin industry had been young tech enthusiasts. Typically young males in their late 20s, and as the price of Bitcoin boomed, they became a very conspicuous bunch of newly rich. These quickly drew the ire of the Chinese community, “your dad isn’t some powerful Chinese tycoon or government official, what did you do to deserve to get rich so quickly!” was the unspoken sentiment of the public. As more and more stories about the overnight success of Bitcoin mining/trading enterprises received inceased media coverage across 2016, the Chinese were driven into frenzy on this new source of wealth. One portion of the public started to throw their hats into the ring, by exploiting the fact that the public by large only possess a half-baked understanding of cryptocurrencies. These newcomers posed themselves as some sort of Bitcoin sage, and immediately started advocating all sorts of altcoins and cryptocurrencies to enrich themselves.
Another portion of the public started to horde towards these so called bitcoin sages entrusting them with their hard earned money so that they can be a part of this exciting new industry. The fact that they lost money has nothing to do with the Bitcoin industry, but is solely due to the fact that they did not educate themselves properly and allowed themselves to be taken advantage of by some unscrupulous individuals.
But the largest portion the public became increasingly envious of the success achieved by the frontrunners in the Bitcoin industry, feeling that it’s too late to join the bandwagon, and angry that all these newfound wealth had completely eluded them, they began to sound their frustration, demanding the closure and banning of the new arcane industry that they had missed out on.
In recent years, financial crisis in China had always originated from State-controlled markets such as the stock exchange, Forex or the real estate industry. As the Chinese people grew increasingly distrustful of these State-controlled industries, the self-regulated Bitcoin industry emerged as shining beacon of success. The relevant authorities took note of the public dissatisfaction with Bitcoin and decided to go with the flow, assuaging public outrage while at the same time, diverting attention away from their own failures in issues such as the unaffordable real estate prices that's currently paralyzing the young Chinese community.
The aforementioned three factors are deep rooted, and would always be a core reason for the Chinese government to stamp out Bitcoin. Here are three more minor reasons, which are more circumstantial and technical in nature:
1)The contentious hard fork leading to discord among the Bitcoin community
Ever since Bitcoin splitted into Bitcoin Core and BitcoinCash, the community has grew increasingly partisan. This animosity between the two factions had damaged Bitcoin, and some people had decided to exploit this divide. The statement from James Dimon about Bitcoin being a scam was quickly picked up by Chinese officials to clamp down on Bitcoin. The credibility of his statement is dubious, seeing that JP Morgan was just as complicit as Lehman Brother’s was during the 2008 financial crisis, and really should not be calling out other people for being a scam. However, Chinese officials quickly took his words as gospel, after all enemy of an enemy is a friend. This crackdown essentially kills of the new Bitcoin blockchain advocated by the Chinese Bitcoin community (i.e Bitcoin Cash), so in a sense the state officials are modern traitors, by siding with foreigners and their view of Bitcoin.
2)Bitcoin market is still too naïve and immature
Even before the Bitcoin hardfork was concluded, exchanges started listing tokens representing BitCoin Cash for trading. This action in particular hastens the decision by Chinese authorities to clampdown on Bitcoin. This decision is simply reckless and irrational, as it lies in complete betrayal of what Bitcoin stands for. Bitcoin is the time tested, gold standard among cryptocurrencies because every single bitcoin is forged by miners, this is what that makes Bitcoin secure and distinguishes it from the many other altcoins that currently exisits. Bitcoin is more than just a currency; it has solid proof of work backing it up. By simply listing BCC tokens before they are mined. What the exchanges are doing is no different from the central bank issuing fiat currencies, and by stepping into the domain of the central bank, Bitcoin exchanges now have painted a huge bulls eye on its back
3)Too much speculators, opportunists joining the fray
In the few weeks prior to this crackdown, i.e when Bitcoin was at its all time high. Figures in the financial world that used to jeer at Bitcoin started to change their tune. They popped out like mushrooms after rain, claiming that they too want to join this exciting new industry, be it as a miner, a day trader or to start blockchain companies. In hindsight, these are clear indicators that the Bitcoin market is overheated and is due for a correction.
Three years ago, when Bitcoin was worth around 1000 CNY, it was clearly a good, underpriced product with a clear utility and huge potential for future growth, but not a lot of people were buying it. However, now that the price had climbed all the way to 30000 CNY, people are rushing to get more of it. There was clearly a bubble, and that’s why this author started exhorting for PBOC to crackdown on Bitcoin and pop the bubble.
submitted by wombatdowneyjr to Bitcoin [link] [comments]

General info and list of exchanges for X8X Token (X8X)

Ultimate crypto safe haven! Finally, Securing Value in Crypto is simple. X8X Token holders are granted a 0% fee for issuing X8Currency, a 100% fiat & gold backed Token.
Token holders are the gatekeepers!
YouTube Video Preview X8X token is also trading on:
Latest X-FEED
ARE CRYPTOCURRENCIES LEAVING LONG-TERM BEAR TERRITORY? On 17 July Bitcoin broke past the $7000 mark. The influx of …
X8 PROJECT ROADMAP UPDATE As promised we are now ready with an updated roadmap which will …
FACEBOOK’S POLICY REVERSAL LEADS TO WIDESPREAD SPECULATION After an explosive year for ICOs and cryptocurrency in 2017, some regulators …
STOCK AND COMMODITY MARKETS REACT PREDICTABLY TO THE LOOMING TRADE WARS – WITH THE EXCEPTION OF GOLD The G7 Summit in Canada in June was marked by uneasiness and …
Media YouTube Video Preview Global Leaders Forum panel 1
YouTube Video Preview Global Leaders Forum panel 2
YouTube Video Preview Global Leaders Forum panel 3
YouTube Video Preview Dubai Blockchain Summit 2018
Upcoming Events
Asean Blockchain Summit 3rd – 4th September 2018
Kuala Lumpur, Malaysia
More info
World Blockchain Summit 2018 1st – 5th October 2018
Mumbai, India
More info
Salon International des Femmes Entrepreneures 13th – 15th February 2019
Paris, France
More info
Past Events
KBS2018 in Seoul 12th – 13th July 2018
Seoul, Korea
More info
Bloomberg Global Leaders Forum 3rd April 2018
Dubai, UAE
More info
Dubai Blockchain Summit 2018 28th – 29th March 2018
Dubai, UAE
More info
Blockchain in Finance 14th – 15th March 2018
Rome, Italy
More info
Ideal for
TGEs / TGE contributors
Private individuals – traditional savers
Crypto contributors
Financial institutions
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Speculators & traders
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What is X8X? X8X is an Ethereum pure utility Token, functioning as a Key for issuing X8Currency. To exchange X8Currency for fiat ($/€) with 0% fee you will need to hold a corresponding amount of X8X.
X8X TOKEN SPECIFICATION Address: 0x910Dfc18D6EA3D6a7124A6F8B5458F281060fa4c Token Symbol: X8X Decimals: 18
YouTube Video Preview
Utility Token Token is used as a key to access services of issuing or exchanging the X8Currency at the Issuer.
Limited Cap There will be only 100.000.000 Tokens issued in the TGE, later mining is not supported.
Opportunity X8X holders will be able to obtain their own X8Currency or distribute this right to others on Online Exchanges.
Legislation compliant The X8X Token is issued by a Swiss-based company, approved by the Swiss Regulatory Authorities.
X8 Project - Dual Token Model A revolutionary new store of value for the distributed and traditional economy brought to you by the ultimate currency. The X8 Project developed two Ethereum based Tokens: X8Currency that is fully backed with 8 fiat (cash) currencies + gold and X8X Utility Token that functions as a key to the issuance and exchange process of X8C with 0% fee.
What is X8Currency (X8C)? X8Currency is an Ethereum Token, 100% backed in 8 fiat (Cash) Currencies & Gold. Each Token is represented with assets deposited on bank accounts. Assets are actively managed by the propriety software, Automatic Reserve Management AI. X8C can only be issued or exchanged for fiat with X8X Utility Tokens.
fiat-gold X8Currency Facts:
100% backed with Cash & Gold assets are actively managed by proved and tested AI risk management platform ARM the most stable Crypto Currency 100% exchangeable for 8 fiat Currencies (Cash) at the Issuer for 0% fee with X8X Tokens PROVEN PROVEN Risk management AI developed over 10 years for traditional FinTech, $1B in transactions since 2015.
SAFE SAFE Non-leveraged reserves in top 8 fiat currencies and gold provide unparalleled safety.
LIQUID LIQUID Fiat currency foundation enables daily volume in billions without affecting the price.
SECURE SECURE Triple-redundant Swiss architecture and gold reserves fully utilise the advantages of the Swiss financial ecosystem.
verified Our business partner verifies that this chart represents the holdings of a live account where all trades were executed by ARM AI. View reference here.
The ARM Portfolio risk management AI, which operates the reserves of the X8 currency, was developed over 10 years. It has been operational since 2015 and has generated a transaction volume of over $1 Billion for clients in the traditional financial industry.
8-Currencies-ARM-AI Fiat in X8 brings vast liquidity which can support speedy large transactions with little to no price impact. That means that X8 can scale globally and provide a sustainable solution as a financial system for more than 3,5bn people.
Together with friendly nature of X8 market operations, all participants in the value chain benefit from this constructive system.
X8 leverages the benefits of the Swiss financial ecosystem. Fiat funds deposited in the Swiss UBS AG, will be insured by SwissRE AG and audited daily by JP Fund Services. A store of gold currency in the safest certified storages outside the banking system serves as additional reserve for X8 currency.
Swiss-setup Road map
Team The team behind the X8 Currency blockchain product.
Gregor is behind some of the main design features of ioNectar platform. Gregor combined natural investment perspective with advanced technology capabilities of today into a winning philosophy match. His accumulated experience comes from working as portfolio manager in institutional environment, advising funds, HNWIs and specialists in foreign exchange and other markets.
GREGOR KOŽELJ CEO / Founder Tomaz with his long-term experience in business is responsible for executing the Sales strategy and tactics. The focus is to drive the business forward in creating stronger relationships, converting more prospects in gaining potential clients, increasing sales, creating operational efficiency, and lastly creating a fun and motivational environment.
TOMAŽ LEPOŠA CSO His experience with entrepreneurship, business organization and sales management has given him a valuable insight into business processes and development. His approach to team management and integration makes business operation a smooth and exciting experience.
ALY KULAUZOVIĆ Business development Rudolf Ströbl is a financial expert and program-developer with over 20 years of experience in various projects involving precious metals, options, equities and digital currencies. He has also developed models and algorithms in the Forex Markets. Currently he is the Managing Director of FX & Project Management GMBH in Switzerland. RUDOLF P. STRÖBL Infrastructure Francesca Greco has been a board member of several Private Equity Funds. Her focus are projects related to energy and telecommunications. She has been following closely the development of cutting-edge technologies of great potential. She is currently part of Green Brain Technologies team, where she is in charge of Government Relations and Regulatory Affairs.
FRANCESCA GRECO Legal Lenart manages and supervises legal aspects of the company's business. With experience at law office, he finds working in the area of finance an opportunity to expand his skills and understanding of legal dimensions of finance.
LENART KMETIČ Communications & Legal support Phil is an expert problem solver with a background in finance and communications. He has been a most welcome addition to the team, especially in terms of strategy and sharpening message clarity. He has more than 20 years of active experience in bringing together businesses from Western, Central and Eastern Europe by means of eliminating cultural differentiation.
PHIL LAWRENCE Communications An IT expert with years of participation in the world of cryptocurrencies. His experience in computer programming and knowledge of IT is a valuable contribution to the company. The products of ioNectar gave him an opportunity to employ his skills in a new and exciting way. He is also responsible for ICO communication.
ALEN OBERSTAR Communications With background in social sciences and focus on collapse of complex systems, he welcomed the opportunity to explore issues of financial stability. His passion for research led him to become one of the main contributors to the company's xfeed. He is also in charge of TGE communication.
DAVID PREŽELJ Communications Urban is a long-time cryptocurrency enthusiast with a passion for ICO/TGE research. With his expertise in developing and leading teams he has developed a strategic plan to achieve the successful launch of the X8 TGE project. His strategic vision has assisted in bringing together the existing talents of the X8 team in a coherent manner.
URBAN ALJANČIČ TGE / ICO project manager Simon is a seasoned computer expert with an extensive range of programing skills in different computer languages. As the CTO of ioNectar he knows the area of the platform client and manages technological releases of the product. He is creativity driven with insight in new products development and is behind different original aspects of the platform.
SIMON HOHLER CTO Ervin is a specialist in IT. He brings together his broad technical proficiency from computer science and manages all main IT administration perspectives of ioNectar. Work in specialized software and electronics product solutions is his passion which he has been following. Through persistent expansion of his ability Ervin proved many times he is an IT authority.
ERVIN MARGUČ CIO A computer programmer proficient in several computer languages. He is involved in developing the key components of the ioNectar technology. He is eager to use his knowledge to build bridges between blokchain technology and the world of traditional finance.
ERGIM RAMADAN IT Sofia is in charge of visual presentations and design strategies at ioNectar. The dedicated and enthusiastic team around her created the right environment for her to express her artistic sensibilities and passion for aesthetics in every aspect of the company's presentations.
SOFIA KULAUZOVIĆ Corporate look & design Advisory Board The team behind the X8 Currency blockchain product.
Peter Kristensen is the CEO of JP Integra LLC US, an international finance service group providing administrative and management services to owners and managers of international private capital. PETER KRISTENSEN Financial specialist Olaf Chalmer is a financial advisor with decades of experience in the banking sector who, among other things, offers guidance to investors in financial sector. Currently he is the president of the Swiss Management, Ltd, a consulting company oriented towards clients from Eastern Europe. OLAF CHALMER B2B placement A progressive investment professional with more than 2 decades of experience in top level banks. Mikkel is advising globally on interest rate and FX risk and manages alpha driven G10 portfolios. He is running independent trading & advisory business, is also a specialist in market making and sits on several investment management boards. MIKKEL THORUP Foreign exchange field Marcus von Goetz is a seasoned bondspecialist and trader. During his career he held key bondstrading positions at several prominent financial institutions. He is also a financial advisor for larger market participants. Currently his expertise is available to institutional clients and venture capital entrepreneurs through VG&S Business Development. MARCUS VON GOETZ Business development With a background in finance and an enthusiasm for blockchain technology attorney Peter Merc PhD is the ideal legal consultant for TGEs. He is a member of the supervisory board of Slovenian systemic bank and cofounder of Lemur Legal, a legal company promoting digital transformation. He helps transform TGEs in legally compliant enterprises. PETER MERC, PH.D. Legal advice Simon Cocking is a seasoned business mentor to TGEs and a senior editor at Irish Tech News. He is also an experienced public speaker at events including TEDx and Web Summit. He is a crypto connoisseur and has to date successfully advised and mentored 18 TGEs. He has also founded six prosperous companies. SIMON COCKING Digital Marketing Branko Drobnak is a former investment banker with more than 25 years of experience in finance and entrepreneurship. This background combined with his enthusiasm for ICO research and investment provides valuable insights to the X8 project. BRANKO DROBNAK Strategic advice
EXCHANGE LIST
Binance
Huobi
Kucoin
Bibox
Qryptos
Satoexchange
BIGone
Bitrue
Bilaxy
Bit-Z
Linkcoin
SECURE WALLET
Ledgerwallet
Trezor
submitted by icoinformation to X8XToken [link] [comments]

18 Ways to Earn Money Online from Home Without Investment

Are you looking for the ways to earn money online? Did you try to make money online before but did not get success?
Then no need to worry anymore!
Because we have already trained more than 70000 people across the world & they are successfully making $200 to $2000 (more than INR 12,000) per month.
18 Ways to Earn Money Online
Check some of the best ways below & start immediately-
  1. Earn from PTC sites
If you are trying to earn money online & need only small extra income less than $200 (Rs.12,000) then PTC sites are the best way to start.
Here you need to click & read the advertisements for 10 to 3o seconds & get paid for each & every advertisement you view.
There are many sites where you can register & make money by reading ads. All sites are free & there is no investment at all.

  1. Earn with GPT Sites
To add more income, you can also join GPT sites where you can earn money by taking small surveys, watching videos, playing games & doing many more activities.
We have worked on number of GPT sites but we will recommend only 3 sites which pays their member on time. You can receive your payment by PayPal, cheque or bank transfer.

  1. Become a Captcha Solver
If you have more time then you can add further income in your pocket by working as a captcha solver. This is the one of easiest way to earn money online.
As a captcha solver, you need to read the captcha images & type the exact characters. You need to be very fast in order to earn better income.
You can get paid up to $2 for every 1000 captchas you solve.

  1. Earn Money from Survey
Here you can make money by completing small surveys which takes 5 minutes to 30 minutes depending on the requirement of a particular company.earn from survey
You need to write your feedback & opinion in a survey. You just have to select your choice from the question & there is no need to write anything.
You can make $1 to $20 depending on the length of the survey, your profile & the country you are living.

  1. AdSense & other Ad network
Although this one is the most favourite in my list but I put this in #4 because its not as easy as other 3 above & it takes time to make money from Google AdSense.earn from adsense
You need a website (which anyone can create now a days) & some tricks to bring the traffic on your website so that you can earn money from AdSense & other ad network.
We have prepared one of the best course on AdSense earning which thousands of people in India & all over the world have used & now they are earning $200 to $1000+ per month.

  1. Earn with Affiliate Marketing
If you are serious about earning money online & you are a hard working guy who wants to make big income then affiliate marketing is for you.
There is more scope for affiliate marketing than before because of the high growth of online shopping.
There are hundreds of online merchants like Flipkart, Amazon, eBay, Clickbank, CJ etc. where you can signup & promote their products.
In affiliate marketing, you are simply helping customers to buy the right product by creating a simple website & in return you can earn 4% to 20% commission.

  1. Become a freelancer
Freelancing is another popular way to make money after AdSense & affiliate marketing. As a freelancer, you can work with small or big companies on a temporary basis & provide them your services.earn as freelancer
Freelancers can make $500 to $2000+ per month depending on the type of skills you will use as a freelancer.
You can work as a content writer, web designer, graphics design or provide services like SEO, data entry & many more.
There are dozens of popular websites like Elance, Freelancer.in, WorkNHire, Upwork, People per Hour etc. that can give you the ready platform with ready clients.

  1. Virtual Assistant
A virtual assistant is like a personal assistant who can earn money by working online for someone without being physically present.
He can do variety of tasks like taking care of websites, counselling, writing & proofreading, publishing content, marketing, coding, website & app development, research etc.
There are dozens of companies like HireMyMom, MyTasker, Zirtual, uAssistMe, 123Employee where you can signup for virtual assistant work.

  1. Writing Job
Writing is another better way to earn money on internet through writing different types of content. You can write for blogs, companies, institutions, individual people etc.
Different types of writers get paid differently. Normally people get paid $5 or more for 500 words content.
You can go to the sites like Elance, iWriter, WriterBay, FreelanceWriting, TextBroker, ExpressWriters.com, FreelanceWritingGigs.com to find the content writing jobs.

  1. Web design
If you have idea of web design & development then you can make money online by taking order from the customers who are looking to develop their website.web design

If you don’t have idea then you can take the training & then start this because this field has got a great potential. Either you can promote this offline or create your own website and promote 0nline.

  1. SEO
This is one of the most popular business online & if you have idea of SEO then you don’t have to worry about making money online.seo
Companies spend hundreds to thousands of dollars every month on SEO so that their website can get on the top of Google for their business keywords.
You need to take the training from a popular institute like SEOTrainingCourse.co.in where you can learn practical SEO tips & implement the same to rank different types of sites.

  1. Micro-working
If you are a kind of person who want simple ways to earn money online & not mare than $200-$300 (Rs.15000) per month then you can become a micro worker.
Here you can work on variety of different tasks like identifying an object, rating & commenting on different sites, visiting some websites, finding contact details, doing small research, writing small articles etc.
There are many websites like mTurk, MicroWorker, SEOClerk, ClickWorker, GigWalk where you can work as a micro worker & earn extra income.

  1. Seller on Fiverr
Fiverr is a place where you can do any service for $5. You can visit the website Fiverr.com & check which type of service you can do on Fiverr.make_money_with_fiverr
You can become a seller on Fiverr & create your gigs where you can tell people that you can do so & so for $5.
People see your gig & if they like it, they will order your service. Even if you complete 1 gig a day, you can make $150 or Rs.9000/- per month.
Our training material on Fiverr can help you to grow your business & you can make great money from Fiverr.

  1. YouTube Channel
You go anywhere or do anything, if you love shooting videos on all these occasions then there is a great scope for you to earn money from YouTube.
All you need to do is upload the videos on YouTube & become a YouTube partner. For each & every view, you will get paid.
Sometime if any of your videos become viral then you can make huge money.

  1. Become an online seller
Online selling is not like traditional selling. Here you just need to become a seller on some of the top shopping portals like eBay, Amazon, Flipkart, SnapDeal etc. & list the products you want to sell.
You can roam around your city & check for the best products you can sell on these sites. You need to try the best products that you can sell at lower than market price.
Trust me, its easier than your thought. Only thing you need to do is take action.

  1. Domain Trader
Domain trading is another high profit business you can do online. But here you need some investment for buying the domain.’
You must be an expert OR you should get detailed knowledge before you start this business. You can buy domains from GoDaddy or other domain registrar for less than $10 & sell in future to the needy person for hundreds of dollars.
Your skill here is to identify great domains that are not booked yet & companies in future can try to buy that domain.domain_trading
When companies don’t find the domain of their choice, they contact the domain owner for the deal & it’s in your control to fix the price.
You can even put your domains on auction so that people can buy directly at your desired price.

  1. Website flipping
Like domain trading, website flipping is also a hot business to earn money online. Here you don’t deal with domains but websites.
You have to create a website, work on it for 3-6 months or more so that you can start making money from the websites.
After earning for 2-3 months, you can put that site on auction on Flippa & other platforms. You can easily get 15-20 times price of your monthly earning from that website. 14. Provide training & consultancy
If you possess some good skills & love to teach then you can start a training or consultancy business online.
You can provide training on English or any computer course, provide consultancy on vastu, any technical topic or if you are a doctor can provide consultancy for treatment etc.
There are number of things you can teach online. You can promote your business by creating a website or a Facebook page or by placing ads in classified sites etc.

  1. Stock & Forex Trading
Stock trading & forex trading is a very lucrative way to make money for those who has good idea of the market.online trading
There are number of free or paid courses available on internet that can train you for online trading. You can even read newspaper like Economic times or watch TV channels like CNBC to become more expert in the field.
Its risky to enter into this market without sufficient knowledge. 16. Earn money from your smartphone
There are various apps that can make you some small money by doing & completing some simple tasks on your Smartphone.earn_from_smartphone
There are at least 10 apps that can earn you some extra income in the range of $100-$150 a month. You have to take simple surveys, complete offers by signup on other websites, play games, watch videos etc.
We will show you the list of these apps after you signup for our training.

  1. Sell photos online
This is another use of your smartphone. You can take high quality images of nature, places, people, things, dishes, homes etc. & sell them online.
There are number of big sites like Shutterstock, Fotolia, , iStockPhoto, Photobucket where you can submit your photos.
Whenever some customer wants to purchase your photos, you will get paid as per the price you fix. You can get paid multiple time for the same photos.

  1. Sell old stuff on OLX or Quikr
I am sure there may be number of things in your home that are lying unused for months & if you take little efforts, you can earn some good money.sell_old_stuff
You just need to do 2 things, i.e. find out all the items that you are no longer using, take high quality photos of these items from different angles & list these items on OLX & Quikr for sale.
Not only this, you can also ask your friends & relatives for selling their old stuff. You can help them selling these items & make some commission.
So these 18 ways can provide a perfect answer for your query ‘how to earn money online” & yes, you can shoot an email to us in case of assistance.
Get ready for more info in future !
submitted by mylovingcat to OnlineEntrepreneur [link] [comments]

Fundamentals of Trading

Fundamentals of Trading submitted by Enrich_Broking to u/Enrich_Broking [link] [comments]

What is Forex Trading - Hindi Tutorial - YouTube Forex Tamil - YouTube INSTITUTIONAL PRICE LEVELS IN FOREX TRADING Forex Trading in Legal or illegal in India? Never loss in forex trading  forex trading software A Day in the Life of a Millennial Day Trader - YouTube Leonidas Guiste - YouTube

Best Forex Brokers India. To find the best forex brokers in India, we created a list of all brokers that list India as a country they accept new customers from. We then ranked brokers by their Trust Score Ranking. Here is our list of the best forex brokers in India. Saxo Bank - Best VIP client experience; IG - Best Overall Broker 2020 Top Forex Brokers in India for Forex Trading. It does not really matter where you live in the world you are always going to find a large range of Forex Brokers who are going to be able to offer you a range of currency pairings and other Forex related trading opportunities. In fact, some of our featured Forex Brokers do allow and accept traders who are based in India and as such in this guide ... Forex Brokers in India. Indian Broking Industry is known for its stock trading which also is listed among the top growing within the financial industry and recently including numerous brokers operating through local Bombay Stock Exchange.There are two types of Indian Brokers that includes discount and full-service companies, while the first group providing lower cost with less service, and the ... Best Forex Brokers in India. You want the best forex broker for your needs. Your best bet is to open a demo account with a couple of different options before you trade with real money. Forex trading in India is regulated by SEBI (Securities and Exchange Board of India) similarly to the way in which foreign exchange and trading is regulated in other countries. The difference comes though with the fact that the RBI (Reserve Bank of India) has made trading with some other currencies and the Indian Rupee illegal for fear of devaluing the Indian currency. India sees the decentralized global Forex market as a threat to its sovereignty. For this reason, the government of India has limited Forex trading to a great extent. On Dec 10, 2015, the Reserve Bank of India permitted exchanges to offer options and futures contracts in three currency pairs: GBP/USD, EUR/USD, and USD/JPY. In this detailed broker comparison we provide you with the list of the best forex brokers in India for 2020. Pepperstone is a legendary ECN forex broker with a long history and worldwide expert in forex trading. Main features: The cheapest trading costs from 0.0 Pips (RAZOR Account) Your forex trades will be executed within 30 miliseconds in average Leverage up to 1:500; Accepts forex traders ...

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What is Forex Trading - Hindi Tutorial - YouTube

Forex weekly Market Outlook 11-15 video forex trading in india by Bank Manipulation Forex Trading. 3:53. Forex Weekly market outlook 28-3 sep video - www.tradingwithtamil.com forex trading आपका करोडो कमाने का सपना इस इंडस्ट्री से पूरा होगा ! - Duration: 11:08. Ajaymoney 6,667 views Forex Trading se moti kmayi kare, Forex Trading kar sakte hai leglly tarike se Meta trader 4 ban in india Olymptrade ban in india Forex best brokers Forex Trading india in illigle Forex Trading me ... If you have mobile or labtop with internet connection and want to start a small or big business , just start forex trade. it does not required physical touch... ajaymoney,Ajaymoney,make money online,Never loss in forex,Never loss in forex trading,forex trading softwer,make money on forex market hindi,stock market paathshaala and free tips,live forex ... forex trading broker, forex trading strategies, forexlive, forextrader, fx rates, fx trader, fx trading, fx trading account, live forex charts, money exchange, money exchange rate, mt4, online ... WHAT ARE ORDER BLOCKS IN FOREX TRADING? - Duration: 14:54. Twfforex 47 views. New; 14:54 . Denzel Washington's Life Advice Will Leave You SPEECHLESS LISTEN THIS EVERYDAY AND CHANGE YOUR LIFE ... You're signed out. Videos you watch may be added to the TV's watch history and influence TV recommendations. To avoid this, cancel and sign in to YouTube on your computer. Cancel. Confirm. Switch... Get my FREE Trading Journal + Weekly Stock Picks🎁 https://bit.ly/2WIm5rJFollow me on IG @HumbledTraderTwitter @HumbledTrader18💖Special Thanks to:Belinda- IG @... This short video will surely help you out in understanding a lot about Forex Trading. So don’t wait and start your forex trading journey with my free online courses. For all my new video updates ...

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