As the world becomes increasingly digitized, so too does business. The International Trade Administration (ITA) reports that trade in goods and services between countries has increased by more than 50% in the past decade alone. And while this growth is great for businesses and consumers alike, it has also led to new challenges for certain industries. One such industry is the textile and clothing sector. In this blog post, we will explore some of the issues facing the textiles and apparel industries in general, and discuss how you can help mitigate these challenges.
The Latest Cryptocurrency Scams
1. One of the latest cryptocurrency scams is report .b, which purports to be from Bloomberg LP. According to a report from Motherboard, people who click on the link are taken to a website that asks for their personal information, such as their email address and password. Once someone logs in, they’re asked to make an investment in report .b.
2. Motherboard says that this scam has been circulating online for about two weeks now, and there’s no indication that it’s legitimate. If you see any suspicious activity involving cryptocurrencies or reports .b, be sure to report it to your trusted source.
The SEC Issues Report on ICOs
The U.S. Securities and Exchange Commission (SEC) has released its report on Initial Coin Offerings (ICOs). The report warns that ICOs may be securities offerings and should be registered with the SEC.
The report finds that many ICOs may be securities offerings and should be registered with the SEC. It offers a series of recommendations for how to do so, including:
– Defining what an ICO is;
– Determining whether a token is a security;
– Registering with the SEC; and
– Disclosing information about the issuer and the token.
The report also offers guidance for how to avoid fraud in an ICO, including:
Bitcoin, Ethereum and Other Cryptocurrencies
Bitcoin, Ethereum and other cryptocurrencies have been on the rise in recent months. What is this digital currency? How does it work? And what are the risks associated with investing in them?
Bitcoin is a digital or virtual currency that uses peer-to-peer technology to operate. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was created by an unknown person or group of people under the name Satoshi Nakamoto in 2009.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum has created an entire market of decentralized apps that can be used to run anything from autonomous corporations to voting systems.
Other cryptocurrencies include Ripple, Litecoin, Dash, and Monero. They are all different versions of Bitcoin and Ethereum, with their own unique features and advantages. Cryptocurrencies are not regulated by governments like traditional financial institutions, so there is no guarantee of stability or security. They can also be very volatile, which means they can quickly lose value if the market goes down.
The Ethereum Classic Hack
1. According to a report released by Bloomberg on Thursday, hackers stole $60 million worth of Ethereum Classic (ETC) from Japanese exchange Coincheck. The hack occurred on January 26, just days before the launch of ETC’s mainnet.
2. The Ethereum Classic team is still trying to determine how the hack happened and whether or not the theft was carried out by an external party. However, based on the evidence available so far, it seems that someone inside Coincheck was responsible for the heist.
3. This isn’t the first time that Coincheck has been targeted by hackers. In February 2018, $500 million worth of NEM tokens were stolen from the Tokyo-based exchange. At this point, it’s unclear whether or not ETC will suffer a similar fate, but given its relatively low market cap ($2 billion), it’s possible that thieves won’t find much value in looting it.
The South Korean Crypto Bubble
The crypto bubble may have burst in South Korea, but the country is still home to some of the world’s most active and speculative blockchain and cryptocurrency markets.
Since 2017, when Bitcoin traded for less than $1,000 each, the value of digital assets has soared. South Korean investors poured more than $19 billion into cryptocurrencies last year, according to data from CoinMarketCap. That’s almost three times as much as Russian investors put into cryptocurrencies in 2018.
Conclusion
In this second article on SE Asia, we take a look at what the future may hold for the region’s economy. Although there are many challenges facing Southeast Asia – from increasing inequality to cooling global demand – there is also reason for optimism. We explore how current trends in technology and investment are boosting economic growth in some of the region’s most promising economies, and suggest ways policymakers can maximise these opportunities. By understanding where things are headed, investors and businesses can make wise decisions about where to put their money and focus their efforts.
