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These Nintendo Switch Cyber Monday Deals Continue: Games, Controllers, More - PCMagBy James Royal, Ph.D., Bankrate.com Cryptocurrencies are enormously volatile, but that volatility can create opportunities for profit if you’re looking to trade these digital assets. Cryptos such as Bitcoin and Ethereum have risen a lot since their debut — but they’ve also experienced tremendous boom-bust cycles along the way. Experienced traders have been speculating on cryptocurrencies for years, but how can you get started if you’re new to the crypto market? Here’s how to start investing in cryptocurrency and the significant risks you need to watch out for. First things first, if you’re looking to invest in crypto, you need to have all your finances in order. That means having an emergency fund in place, a manageable level of debt and ideally a diversified portfolio of investments . Your crypto investments can become one more part of your portfolio, one that helps raise your total returns, hopefully. Pay attention to these five other things as you’re starting to invest in cryptocurrencies. As you would for any investment, understand exactly what you’re investing in. If you’re buying stocks, it’s important to read the annual report and other SEC filings to analyze the companies thoroughly. Plan to do the same with any cryptocurrencies , since there are literally thousands of them, they all function differently and new ones are being created every day. You need to understand the investment case for each trade. In the case of many cryptocurrencies , they’re backed by nothing at all, neither hard assets nor cash flow of an underlying entity. That’s the case for Bitcoin , for example, where investors rely exclusively on someone paying more for the asset than they paid for it. In other words, unlike stock, where a company can grow its profits and drive returns for you that way, many crypto assets must rely on the market becoming more optimistic and bullish for you to profit. Some of the most popular coins include Bitcoin, Ethereum, Solana , Dogecoin and Tether (a stablecoin) . So before investing, understand the potential upside and downside. If your financial investment is not backed by an asset or cash flow, it could end up being worth nothing. A mistake that many new investors make is looking at the past and extrapolating that to the future. Yes, Bitcoin used to be worth pennies, but now is worth much more . The key question, however, is “Will that growth continue into the future, even if it’s not at quite that meteoric rate?” Investors look to the future, not to what an asset has done in the past. What will drive future returns? Traders buying a cryptocurrency today need tomorrow’s gains, not yesterday’s. The prices of cryptocurrencies are about as volatile as an asset can get. They could drop quickly in seconds on nothing more than a rumor that ends up proving baseless. That can be great for sophisticated investors who can execute trades rapidly or who have a solid grasp on the market’s fundamentals, how the market is trending and where it could go. For new investors without these skills — or the high-powered algorithms that direct these trades — it’s a minefield. Volatility is a game for high-powered Wall Street traders, each of whom is trying to outgun other deep-pocketed investors. A new investor can easily get crushed by the volatility. That’s because volatility shakes out traders, especially beginners, who get scared. Meanwhile, other traders may step in and buy on the cheap. In short, volatility can help sophisticated traders “buy low and sell high” while inexperienced investors “buy high and sell low.” If you’re trading any asset on a short-term basis, you need to manage your risk , and that can be especially true with volatile assets such as cryptocurrency. So as a newer trader, you’ll need to understand how best to manage risk and develop a process that helps you mitigate losses. And that process can vary from individual to individual: Newer traders should consider setting aside a certain amount of trading money and then using only a portion of it, at least at first. If a position moves against them, they’ll still have money in reserve to trade with later. The ultimate point is that you can’t trade if you don’t have any money. So keeping some cash in reserve means you’ll always have a bankroll to fund your trading. It’s important to manage risk, but that will come at an emotional cost. Selling a losing position hurts, but doing so can help you avoid worse losses later. Finally, it’s important to avoid putting money that you need into speculative assets. If you can’t afford to lose it — all of it — you can’t afford to put it into risky assets such as cryptocurrency, or other speculative assets, for that matter. Whether it’s a down payment for a house or an important upcoming purchase, money that you need in the next few years should be kept in safe accounts so that it’s there when you need it. And if you’re looking for an absolutely sure return, your best option is to pay off high-interest debt. You’re guaranteed to earn (or save) whatever interest rate you’re paying on the debt. You can’t lose there. Finally, don’t overlook the security of any exchange or broker you’re using. You may own the assets legally, but someone still has to secure them, and their security needs to be tight. If they don’t think their cryptocurrency is properly secured, some traders choose to invest in a crypto wallet to hold their coins offline so they’re inaccessible to hackers or others. Remember that investing in cryptocurrency can be part of a broader investment strategy, but shouldn’t be your only one. While investing directly in cryptocurrency is popular, traders have other ways to get into the crypto game, some more directly than others. These include: Each of these methods varies in its riskiness and exposure to cryptocurrency, so you’ll want to understand exactly what you’re buying and whether it fits your needs. In theory it takes only a few dollars to invest in cryptocurrency. Most crypto exchanges, for example, have a minimum trade that might be $5 or $10. Other crypto trading apps might have a minimum that’s even lower. However, it’s important to understand that some trading platforms will take a huge chunk of your investment as a fee if you’re trading small amounts of cryptocurrency. So it’s important to look for a broker or exchange that minimizes your fees. In fact, many so-called “free” brokers embed fees — called spread mark-ups — in the price you pay for your cryptocurrency. Cryptocurrency is based on blockchain technology . Blockchain is a kind of database that records and timestamps every entry into it. The best way to think of a blockchain is like a running receipt of transactions. When a blockchain database powers cryptocurrency, it records and verifies transactions in the currency, verifying the currency’s movements and who owns it. Many crypto blockchain databases are run with decentralized computer networks. That is, many redundant computers operate the database, checking and rechecking the transactions to ensure that they’re accurate. If there’s a discrepancy, the networked computers have to resolve it. Some cryptocurrencies reward those who verify the transactions on the blockchain database in a process called mining. For example, miners involved with Bitcoin solve very complex mathematical problems as part of the verification process. If they’re successful, miners receive a predetermined award of Bitcoins. To mine Bitcoins , miners need powerful processing units that consume huge amounts of energy. Many miners operate gigantic rooms full of such mining rigs in order to extract these rewards. As of October 2024, running the Bitcoin system burned as much energy per year as the country of Poland. If you’re looking to invest in Bitcoin, you have a variety of ways to do so, and you can work with a number of companies, including: If you’re looking to buy Bitcoin, pay particular attention to the fees that you’re paying. Here are other key things to watch out for as you’re buying Bitcoin . An altcoin is an alternative to Bitcoin. Many years ago, traders would use the term pejoratively. Since Bitcoin was the largest and most popular cryptocurrency, everything else was defined in relation to it. So, whatever was not Bitcoin was lumped into a catch-all category called altcoins . While Bitcoin is still the largest cryptocurrency by market capitalization by far, it’s no longer the only game in town. Other altcoins such as Ethereum and Solana have grown in popularity, making the term altcoin somewhat outmoded. Now with a reported 15,000 or more cryptocurrencies in existence, it makes less sense than ever to define the industry as “Bitcoin and then everything else.” Cryptocurrency is a highly speculative area of the market, and many smart investors have decided to put their money elsewhere. For beginners who want to get started trading crypto, however, the best advice is to start small and only use money that you can afford to lose. Bankrate’s Brian Baker contributed to an update of this story. ©2024 Bankrate.com. Distributed by Tribune Content Agency, LLC.
Former President Jimmy Carter, honored more widely for his humanitarian work around the globe after his presidency than for his White House tenure during a tumultuous time, has died. He was 100. “Our founder, former U.S. President Jimmy Carter, passed away this afternoon in Plains, Georgia,” the Carter Center confirmed on Sunday. In November 2023, the Nobel Peace Prize-winner’s wife of 77 years, Rosalynn, also passed away in the modest house they built together in 1961, when he had taken over his father’s peanut warehouse business and was only beginning to consider a political career. In February 2023, he had announced he was ending medical intervention and moving to hospice care. Jason Carter had visited his grandparents at the time of the announcement and said “They are at peace and – as always – their home is full of love,” he posted on Twitter. At peace, perhaps, but still political: The former president vowed he wanted to cast a ballot for Vice President Kamala Harris in the 2024 presidential election. After serving a single term in the White House, Jimmy Carter became one of the most durable figures in modern American politics. Evicted from the White House at age 56, he would hold the status of former president longer than anyone in U.S. history, and in 2019 he surpassed George H. W. Bush as the nation’s oldest living ex-president. Carter remained remarkably active in charitable causes through a series of health challenges during his final years, including a bout with brain cancer in 2015. He was admitted to Emory University Hospital in Atlanta in November 2019 for a procedure to relieve pressure on his brain, a consequence of bleeding that followed a series of falls. A few months earlier, in May, he had undergone surgery after breaking his hip. In the White House from 1977 to 1981, Carter negotiated the landmark Camp David peace accords between Israel and Egypt, transferred the Panama Canal to Panamanian ownership, dramatically expanded public lands in Alaska and established formal diplomatic relations with the People’s Republic of China. But the 39th president governed at a time of soaring inflation and gasoline shortages, and his failure to secure the release of Americans held hostage by Iran helped cost him the second term he sought. After losing his reelection bid to Ronald Reagan, and until well into his 90s, Carter continued working as an observer of elections in developing countries, building houses through the nonprofit Habitat for Humanity and teaching Sunday school at the tiny Maranatha Baptist Church in Plains, Georgia, his hometown. He was awarded the Nobel Peace Prize in 2002, 22 years after he left the White House. Culled from USA TodayCrystal Palace star’s rubbish was fly tipped outside my flat – I was furious & reported him to clubBreaking news unfolds as insurgents make significant strides across Syria, coming perilously close to the capital, Damascus. The government forces' sudden withdrawal from Homs marks a pivotal moment for President Bashar Assad's regime. This development fuels speculation and concern about Assad's possible departure from the nation. Homs, a crucial hub connecting the capital to Assad's stronghold and the Russian naval base, is now in rebel hands. Rebel factions have taken this strategic city, following their successful capture of Aleppo and Hama, all part of a swift offensive that began on November 27. Analysts suggest that controlling Homs is a critical turning point. International responses continue to pour in. The UN's special envoy for Syria emphasizes the need for immediate discussions in Geneva to ensure a peaceful political transition. Syrian citizens, meanwhile, face uncertainty and scarcity as they rush to secure essentials or escape to safer regions like Lebanon. (With inputs from agencies.)Fire burns 5-10 acres near Mesa
Notable quotes by Jimmy CarterBARCELONA, Spain (AP) — Coach Hansi Flick was sent off for protesting a penalty decision and Barcelona was held at Real Betis to 2-2 in La Liga on Saturday. Meanwhile, Jude Bellingham and Kylian Mbappé helped Real Madrid close on the leaders. Flick showed his frustration over a decision to send Betis to the spot, but he also said after the match that his youthful team, which included two 17-year-old starters, must improve. “We are a young team and we need to improve a lot,” Flick said. “We must be stronger, especially when we play away. We have quality, but we have to show it in every game.” Flick disagreed with the referee’s decision to grant a penalty following a video review when Betis forward Vitor Roque fell in the area following a brush with Frenkie de Jong. Giovani Lo Celso converted the 66th-minute penalty to level the score after Robert Lewandowski put the visitors ahead in the 38th with his league-leading 16th goal. Substitute Ferran Torres scored from a pass by Lamine Yamal to put Barcelona back in front in the 82nd, but Assane Diao struck in injury time to secure the draw for Betis. Barcelona has dropped points in four of the last five rounds. Its latest slip in Seville let Madrid close to within two points with a game still to play after it rolled to a 3-0 win at Girona. Flick said he was surprised by the referee’s decision to expel him, but refused to criticize his sending off or the penalty decision that came after the ref viewed video replays. “I said nothing really to anyone, it was a reaction for myself,” the former Bayern Munich boss said about his alleged protest. “I am really disappointed about (the sending off) because that has never happened to me, but maybe here (in Spain) it is like this.” Bellingham rifled in a loose ball for the 36th-minute opener and extended his scoring streak to five rounds. He then set up Arda Guler to double Madrid's lead in the 55th when he threaded a long ball through Girona's defense. About five minutes later the England midfielder asked to be substituted for an apparent left-thigh injury, although coach Carlo Ancelotti said he was “fine” and left the game for precaution. Mbappé capped the victory with a goal from a tight angle, helping him rebound from his failure to score a penalty in a loss at Athletic Bilbao midweek. Madrid lost left back Ferland Mendy to an apparent leg issue as well. Madrid was already missing defenders Éder Militao and Dani Carvajal to serious leg injuries, and coach Carlo Ancelotti said David Alaba won't be fit to play until January. Madrid visits Atalanta on Tuesday in the Champions League, where it has lost three of five matches. After outscoring opponents 29-5 during a run of seven straight wins that included big victories over Real Madrid and Bayern Munich, Barcelona has hit its first dip in form since Flick’s arrival last summer. The skid over the past month includes its first home loss to the modest Las Palmas in over 50 years and wasting a 2-0 lead in a draw at Celta Vigo. Barcelona bounced back with a 5-1 win at Mallorca this week, but the draw at Betis may be the most worrying setback for Flick yet. His team could have lost if it wasn’t for the goalkeeping of Iñaki Peña, who among his saves turned back a powerful point blank strike by Chimy Ávila. Flick said his team played poorly and its only “good play” in the first half was the pass by Jules Koundé that set up Lewandowski. His remedy was for his team to speed up its passing game and reduce the number of long balls that Flick said were not his team's strength. Flick also defended substituting Lewandowski, Raphinha, Pedri, and Dani Olmo — the team's best attacking players along with Yamal — for the need to rest them ahead of Barcelona's Champions League game at Borussia Dortmund on Wednesday. Yamal put Barcelona back in charge after he threaded the ball through the Betis backline for Torres to score. That was the 17-year-old’s league-leading ninth assist. Diao, however, unleashed the celebrations in Benito Villamarin Stadium when he used the inside of his right leg to redirect a cross by Aitor Rubial just inside the far post of Peña’s net. “We are disappointed because we missed a chance to get a win by conceding a late goal,” Koundé said. “We let them take the game to us.” Manuel Pellegrini’s team remained in 11th place after ending a run of seven consecutive home losses to Barcelona. Isco Alarcon returned to the field for the first time since the Betis midfielder broke a bone in his left fibula in May. The former Real Madrid playmaker played the final minutes as a substitute. Valencia's disgruntled supporters jeered their team after a 1-0 loss to Rayo Vallecano left it in the relegation zone. Las Palmas also beat last-placed Valladolid 2-1. AP soccer: https://apnews.com/hub/soccerShutterstock pioneers ‘research license’ model with Lightricks, lowering barriers to AI training data
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Ganghwa, South Korea: For seven years, Kim Seongmin has been facing a cancer that has spread to his lungs, brain and liver. Doctors recently gave him only months to live. He can’t sleep at night without painkillers. Still, Kim broadcasts into North Korea twice a day, bringing its people news and information they are cut off from because of strict censorship laws. “North Korea is keeping its people like frogs trapped in a deep well,” said Kim, 62, during an interview at his rural home on this island west of Seoul, where he records and edits shows for Free North Korea Radio. “We broadcast to help them realise that there is something wrong with their political system.” Kim Seongmin, president of Free North Korea Radio, edits content for the station at his home on Ganghwa Island, west of Seoul, South Korea. Credit: Chang W. Lee/The New York Times For two decades, North Korean defectors living in South Korea have been infiltrating the North with outside news and entertainment, through balloons floated across the border or broadcasts such as those from Kim’s radio station. But Kim Jong-un, the North Korean leader, has grown increasingly sensitive to “anti-socialist and non-socialist” influences that could threaten his totalitarian grip on power, and he is cracking down on such efforts like never before. Authorities are searching homes and pedestrians, meting out harsh punishments, including public executions, to people who consume news and TV dramas from South Korea, or even if they sing, speak, dress and text-message like South Koreans, according to North Korean documents and a South Korean government report. Bottles filled with rice and packages, each containing propaganda posters, a US dollar bill and a Bible, which Kim Seongmin’s group plans to send to North Korea. Credit: Chang W. Lee/The New York Times North Korea has been flexing its military muscle beyond the Korean Peninsula by sending troops and weapons to Russia to support its war against Ukraine. But at home, Kim Jong-un is reinforcing the country’s defences against foreign influences. He has built more walls along North Korea’s border with China, giving soldiers there a shoot-to-kill order to stop an outflow of refugees and an influx of people smuggling outside goods and information. He has destroyed his country’s few roads and railways linking to South Korea, after declaring that the North was no longer interested in reunification with the South. And he has introduced a slate of draconian new censorship laws. “We sense the fears of the Kim Jong-un regime,” Admiral Kim Myung-soo, the chair of South Korea’s Joint Chiefs of Staff, told parliament recently. This year, the North called foreign content being sent across from the South “filth” and retaliated by sending balloons filled with rubbish and broadcasting eerie noises across the border. Defectors prepare to release balloons carrying leaflets and a banner denouncing Kim Jong-un in 2016. Such continued campaigns have enraged the Kim regime. Credit: AP Kim, the founder of Free North Korea Radio, was a captain and propaganda writer at a North Korean artillery unit when he fled to China in 1995. He wanted to defect to South Korea but was arrested at a Chinese port. He said he was on his way to Pyongyang, North Korea’s capital, for certain execution when he jumped through the window of a train toilet booth while an armed guard waited outside. He fled back to China and arrived in Seoul in 1999. He launched Free North Korea Radio in 2004. “He was a pioneer, the first North Korean defector to start a radio broadcast into the North,” said Lee Min-bok, a fellow defector who began sending leaflet-filled balloons to the North around the time Kim started his radio broadcasts. “He spoke more closely to the North Korean heart, because he broadcast in North Korean dialects.” During recent broadcasts, Kim’s station reported international criticism of the North’s troop dispatch to Russia and invited North Korean female veterans to testify to any sexual violence they had endured in the North’s Korean People’s Army. It carried letters from Japanese people whose family members had been kidnapped to the North. North Korean defectors living in the South reported that there was hot water in every South Korean home while ordinary North Koreans had to take cold showers, even in the winter. Lee Si-young, director of Free North Korea Radio, at the recording studio where its content is recorded daily in Seoul, South Korea. Credit: Chang W. Lee/The New York Times Kim often gets information from informers inside the North who use mobile phones with prepaid Chinese SIM cards. With those phones, they can pick up Chinese signals from near the border and exchange calls, text messages and photos with Kim. With their help, he reported the execution of Jang Song-thaek, Kim Jong-un’s uncle, in 2013, days before the North’s state media announced it. Through his sources, Kim also monitored young North Koreans who grew up in the wake of a famine in the 1990s and have depended more on unofficial markets than on state rations to feed themselves. They trust their government less than the generations before them did and have an insatiable appetite for foreign entertainment and news, which they obtained through CDs, DVDs and computer memory sticks smuggled from China, as well as through balloons carrying USB drives and broadcasts such as Kim’s. Kim can’t tell how many North Koreans listen to his shortwave broadcasts, which are financed by US and South Korean human rights and religious groups. In the North, all radio and TV sets have their channels fixed to receive only government broadcasts, although defectors say people often manipulate their devices to receive South Korean broadcasts. Free North Korea Radio and other sources of outside news – such as Radio Free Asia, funded by the US Congress, and North Korea Reform Radio, which is run by another group of defectors – seek to chip away at the information blackout. The office of Free North Korea Radio in Seoul, South Korea. Credit: Chang W. Lee/The New York Times Efforts to exert influence from abroad have increasingly drawn Kim Jong-un’s ire as he seeks to control the country’s younger generations, according to internal North Korean government documents Kim received from his informers. “Anti-socialist and non-socialist practices” have become a malicious tumour that “penetrated deep into social life in general,” putting North Korea’s socialist system at a crossroads, said one of the North Korean documents that Kim shared with The New York Times . In an unnamed provincial city, 9000 high school students surrendered themselves for watching “impure” videos after authorities promised not to punish them. Under laws introduced recently by Kim Jong-un, those who watch, possess or distribute South Korean content face a punishment of five to 10 years in labour camps, according to the South’s National Intelligence Service. Even those who “speak, write or sing” in a South Korean style or publish texts using South Korean fonts face up to two years of hard labour. Those who distribute them widely face the death penalty. A 22-year-old farmworker was killed by firing squad in 2022 for possessing 70 songs and three movies from South Korea and sharing them with seven other people, according to a human rights report from South Korea’s Unification Ministry. Last year, North Korea called for “random inspections” of electronic devices to ferret out those who consume South Korean videos and broadcasts. The crackdown has created a chilling effect, leading to an estimated 70 per cent drop in outside information reaching North Koreans, said Kang Shin-sam, head of the Seoul-based human rights group Unification Academy, during a recent forum. But some North Koreans find new ways to circumvent censorship, other analysts say. Kim Seongmin worked at a studio in Seoul with a staff of five other North Korean defectors until he moved months ago to his island house. Two police officers are assigned to guard him against possible terrorist attacks from North Korea. Over the years, he has received numerous threats from South Koreans who accused him of raising tensions with the North, as well as anonymous packages that contained dead mice or dolls smeared with red paint, and with knives stuck in their chest. A North Korean secret police officer he had known in the North once called him from China, threatening to harm his sisters in the North, Kim said. But he persisted. In July, the South Korean government awarded him a citizen’s medal for his work. Lee Si-young, another defector who joined the station’s staff eight years ago, said she listened to Free North Korea Radio while in the North. “For North Koreans, our radio signals are like a lighthouse in the darkness, bringing hope that a better day will come,” she said. Kim said he would die knowing that the work he started would be continued by younger defectors he trained. “I will die a happy man,” he said. This article originally appeared in The New York Times .
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