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Asian stock markets tumble in response to Trump tariffs
Mon, 03 Feb 2025 07:26:52 GMT
European futures also down more than 3% after Trump indicates tariffs will ‘definitely happen’ in EU countries
Asian sharemarkets tumbled in early trade on Monday after the Trump administration’s imposition of tariffs on Mexico, Canada and China sparked fears of an escalating global trade war.
Taiwan’s Taiex fell 4.4% at the open, led by a more than 6% plunge in semiconductor heavyweight TSMC. Japan’s Topix index was down as much as 2.3% and Korea’s Kospi fell as much as 2.4%, led by major exporters with exposure to global markets, including Canada and Mexico such as electronics manufacturers Samsung and LG, and automaker Kia. China’s sharemarkets remain closed for the lunar new year holidays.
Continue reading...Tariffs risk renewed trade war between world’s two biggest economies; China announces tariffs and investigation into Google in an apparent retaliation
As the clock nears midnight in Washington DC, signalling the beginning of Trump’s tariffs on China’s imports, here is a look at how China might respond, via AFP:
From retaliatory tariffs on US goods like car parts and soya beans to controls on raw minerals essential for American manufacturing – analysts say China has plenty of options if it wants to reply to fresh US levies.
9:00 AM In-Town Pool Call Time
2:00 PM THE PRESIDENT signs Executive Orders
Oval Office
Closed Press
4:00 PM THE PRESIDENT greets the Prime Minister of the State of Israel
Stake Out Location
Open Press
4:05 PM THE PRESIDENT hosts a bilateral meeting with the Prime Minister of the State of Israel
Oval Office
In-House Pool
4:20 PM THE PRESIDENT participates in an expanded bilateral meeting with the Prime Minister of the State of Israel
Cabinet Room
Closed Press
5:10 PM THE PRESIDENT holds a press conference with the Prime Minister of the State of Israel
East Room
Pre-Credentialed Media
Media Sign Up Here
Media Link closes Tuesday, at 10am EST
5:40 PM THE PRESIDENT has dinner with the Prime Minister of the State of Israel
State Dining Room
Closed Press
China announces probe into Google and tariffs on coal, LNG, crude oil and other goods following Trump levy on all goods exported from China
Donald Trump has fired the opening salvo of his trade war, imposing tariffs on China on Tuesday that sparked instant retaliation from Beijing, amid fears for the global economic repercussions.
Moments after US tariffs of 10% came into effect, China swiftly announced an anti-trust investigation into Google. China’s finance ministry also announced 15% tariffs on coal and liquefied natural gas, and 10% on crude oil, farm equipment, large-displacement vehicles and pickup trucks from the US.
Continue reading...News comes after US secretary of state visited Panama to pressure the country over its ties with Beijing
US secretary of state Marco Rubio has welcomed Panama’s decision to let its participation in China’s global infrastructure plan expire, calling the move “a great step forward” for its ties with the United States.
Any move by Panama to distance itself from Chinese President Xi Jinping’s signature Belt and Road Initiative (BRI) represents a win for Washington, which has argued that Beijing uses the scheme for “debt trap diplomacy” to cement its global influence.
Continue reading...Canadian PM Justin Trudeau says he had ‘good call’ with US president and that tariffs will be postponed for at least a month
South Africa’s president Cyril Ramaphosa has rejected Donald Trump’s claim that the country is confiscating land.
AFP reports that Ramaphosa said he was ready to explain his government’s land reform policy to his US counterpart.
Continue reading...Markets recover some losses after Trump agreed to delay new duties on Mexico goods, sparking hopes of a reprieve
Global stock markets came under pressure after Donald Trump signed off on new US tariffs on China, Canada and Mexico, prompting fears of a trade war.
Markets recovered some of their losses early on Monday after it emerged that the US president had agreed to delay new duties on goods from Mexico for a month, sparking hopes of a reprieve.
Continue reading...The US president has threatened to target Europe after launching then pausing import tariffs on Canada and Mexico
Donald Trump has threatened to target the EU next after announcing punishing import tariffs on Canada, Mexico and China, while warning that the UK is “out of line” but could still reach a deal. On Monday Trump announced a one-month “pause” in the threatened tariffs after conversations with his Mexican counterpart, Claudia Sheinbaum, and the Canadian prime minister, Justin Trudeau. But much uncertainty remains.
Here are five charts outlining what is at stake for the EU and the UK.
Continue reading...President delays threatened 25% tariffs on US neighbors but China still to face 10% levy on exports to US from Tuesday
Donald Trump has pulled back from the brink of a trade war with Canada and Mexico, postponing sweeping new US tariffs on goods from its two closest economic partners by one month.
It is the third time in two weeks the US president has delayed his threatened 25% tariffs on the two countries. China is still set to face additional 10% levy on its exports to the US from Tuesday.
Continue reading...The US president is testing the limits of executive authority, sidelining Congress and enriching allies while destabilising the global economy
Donald Trump is provoking a US constitutional crisis, claiming sweeping powers to override or bypass Congress’s control over spending in a brazen attempt to centralise financial power in the executive branch. If he succeeds, Nobel laureate Paul Krugman warns, it would be a 21st-century coup – with power slipping from elected officials’ hands. The real story hidden behind the president’s trade war, he says, is the hijacking of government. And Mr Krugman’s right.
By usurping the authority to shut down government programmes at will – even those funded by Congress – Mr Trump could slash federal spending and taxes while pretending to balance the books. In reality, he’d be robbing the poor to enrich the wealthy. In a world where economic jargon has been corrupted to depict exploitation as “wealth creation”, the audacity of Mr Trump – and his lackeys – to personally profit is breathtaking. Mr Trump’s philosophy is simple: let the uber-rich do whatever they want, with little or no oversight. The result will be vast wealth for a select few while life grows nastier and shorter for the many.
Continue reading...Britain is less vulnerable to US tariffs than other nations, but shares a historic responsibility. A recession would mean dark days for everyone
Can a country ever be too big to fail? Waiting for global stock markets to open this morning felt grimly reminiscent of the beginnings of the sub-prime lending crash, the moment many finally understood the old cliche that when the US sneezes, everyone catches a cold. But when it threatens to hack its nose off with a chainsaw, before changing its mind at 10 minutes to midnight, then nobody knows where they stand.
The world’s biggest economy is now experiencing what looks like its very own Liz Truss moment, only this time in a country powerful enough to take everyone else down with it. If the US really is prepared to keep playing this mad game of chicken – threatening ruinous tariffs against Mexico then postponing them, sowing fear and discord constantly among its allies – that risks creating the kind of all-American supernova that sucks everyone into a black hole.
Gaby Hinsliff is a Guardian columnist
Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here.
Continue reading...EU leaders signal that the bloc would be prepared to retaliate against the US if Donald Trump follows through on tariff threats
EU foreign policy chief Kaja Kallas has just been addressing the media on her arrival in Brussels.
She spoke about the need for Europe to “do more, together” in defence and look at how new initiatives can be funded.
We were listening carefully to those words and of course we are preparing also on our side. What is clear, there are no winners in trade wars.
If US starts a trade war, the one laughing on the side is China. We are very interlinked. We need America, and America needs us as well.
I think that tariffs are always bad. Tariffs are bad for trade, they are bad for the US, bad for those who seek tariffs imposed.
The answer to tariffs is to reply with same actions.
Continue reading...Doug Ford says Canada will not work with ‘people hellbent on destroying our economy’, blaming failed deal on Trump
The leader of Ontario, Canada’s most populous province, announced on Monday that he would be “ripping up” a contract with Elon Musk’s Starlink internet services in response to the US tariffs on Canada announced by Donald Trump.
The contract, first signed in November, aimed to provide high-speed internet access through Starlink’s satellite service to 15,000 eligible homes and businesses, notably those in remote, rural and northern communities of Canada, by June 2025.
Continue reading...Ex-Senate majority leader is one of few party members to criticize president’s trade war with US neighbors and China
Republicans on Capitol Hill have largely fallen in line with Donald Trump’s move to impose tariffs on the US’s biggest trading partners, with the notable exception of the former Senate majority leader Mitch McConnell, who called it a “bad idea”.
With even Trump admitting that the tariffs – 25% on imports from Canada and Mexico and 10% on China – might cause “some pain”, there was mostly strong support from the president’s loyalists. Jason Smith, chair of the ways and means committee of the House of Representatives, said the tariffs would “send a powerful message that the United States will no longer stand by as other nations fail to halt the flow of illegal drugs and immigrants into our country”.
Continue reading...It was heartening – if no surprise – to see Beyoncé, Kendrick Lamar, Charli xcx and Chappell Roan all grab gongs, while an award for the Beatles suggests confidence in AI
• News: Beyoncé and Kendrick Lamar lead Grammy awards in aftermath of LA fires
• Grammy awards 2025: list of winners
• Gallery: Taylor Swift, Charli xcx, Chappell Roan and more
Like all major awards ceremonies, the Grammys spawn a mini-industry in predictions: in the weeks before the winners are announced, a rash of articles inevitably appear in which expert voices scan the nominations and foretell who’s going to win. This year, you didn’t really need in-depth knowledge of the music industry or the Recording Academy’s internal machinations to work out what was going to happen, unless there was a major upset.
Across the previous 12 months, a succession of artists impacted in a way that pop music is no longer supposed to do. Its once-central defining role within broader popular culture is held to have been vastly diminished by social media, and yet Kendrick Lamar’s Not Like Us wasn’t just a huge commercial success, it influenced everything, from US sports to the campaign messaging of the American presidential election to sales of the fashion brands featured in its video: if you were going to dub anything the song of the year, it was obviously going to be that. Likewise, Charli xcx’s Brat, an album which caught a mood so completely, its title wound up a widely used (if nebulously defined) adjective: the notion of it ending the night unrewarded seemed fairly unthinkable (though it didn’t triumph in its biggest nominated categories).
Continue reading...Cyril Ramaphosa’s government ‘treating certain classes of people very badly’, says Trump, calling for investigation
Donald Trump has claimed South Africa is “confiscating” land and “treating certain classes of people very badly”, announcing he is cutting off all future funding to the country pending an investigation.
The US president’s intervention into one of South Africa’s most divisive issues was rebutted by the country’s government and criticised by groups across its political spectrum.
Continue reading...Trump takes softer line on UK, while Mexico and Canada vow levies and to strengthen ties with each other
Donald Trump has threatened to widen the scope of his trade tariffs, repeating his warning that the European Union – and potentially the UK – will face levies, even as he conceded that Americans could bear some of the economic brunt of a nascent global trade war.
It comes as Trump’s tariffs on Mexico, Canada and China, announced on Saturday, sparked retaliation from all three countries. Mexico and Canada have vowed levies of their own while China and Canada are seeking legal challenges.
Continue reading...The owners of Lucknow Super Giants have agreed a stake in Manchester Originals, extending the Indian Premier League’s footprint in the Hundred.
RPSG Group had failed in acquiring a stake in London Spirit last week but tabled a winning bid on Monday, with the Originals earning a full valuation understood to be around £116m.
Continue reading...Aspiring emigrants seek help at ‘Visa Hanuman’ and ‘Visa God’ temples after US president demanded tougher vetting
Indian professionals have been flocking to Hindu temples believed to grant prayers for a US visa after Donald Trump signed several executive orders aimed at making immigration to the US more difficult.
The rush for divine help has been in evidence at Chamatkari Hanuman temple – popularly called “Visa Hanuman” – in Ahmedabad in the western state of Gujarat.
Continue reading...On the road for weeks at a time, STDs are rife among lorry drivers. Now, volunteers are teaching them about safe sex
At a roadside booth, a volunteer pulls a condom over a wooden phallus. “Feel the packet first. If it feels dry, don’t use it, it’s past the expiry date,” he tells his audience of truck drivers as the traffic speeds by behind them.
A short distance away, transgender sex workers Ruby and Bhavna are urging truckers clustered around a tea stall to ignore some common myths.
Continue reading...Parabon NanoLabs sells police composite images of suspects built on DNA. Critics say the product is snake-oil science fiction that can exacerbate problems in the criminal legal system.
The post A Forensics Company Tells Cops It Can Use DNA to Predict a Suspect’s Face. Scientists Worry the Tool Will Deepen Racial Bias. appeared first on The Intercept.
Residents near Tokyo question slow pace of effort to rescue 74-year-old as workers race to build 30-metre ramp
Fears are growing for a truck driver who has spent three days trapped inside a sinkhole in Japan, as rescue workers started building a ramp in a desperate attempt to reach him.
The 74-year-old, who has not been named, became trapped when the sinkhole opened up in a road near Tokyo on Tuesday, swallowing him and his two-tonne truck.
Continue reading...Reported move would make Japanese group largest financial backer of US startup behind ChatGPT
The Japanese investment group SoftBank is reportedly in talks to invest up to $25bn (£20bn) in OpenAI in a deal that would make it the biggest financial backer of the startup behind ChatGPT.
The lender is considering putting a sum of between $15bn and $25bn into the San Francisco-based company, according to the Financial Times.
Continue reading...This year’s event, heavily promoted by India’s ruling party, continues despite deaths of at least 30 people
As the sun set on the sangam, the sacred meeting point of the Ganges and Yamuna rivers on Tuesday, there was a mood of jubilation on the banks. This was the eve of one of the holiest days of the Kumbh Mela festival – the largest religious gathering not only in India but the world – and millions upon millions had made long, often arduous journeys to immerse themselves in the water.
“It seems like the entire country has come to the sangam to bathe,” exclaimed Rubi Kumar, 43, sandwiched tightly with fellow devotees on the riverbank. She had taken a 36-hour train from her home state of Bihar, and then walked 25 miles to reach this spot. Still dripping wet from her first holy dip, she beamed widely as she tied up her soft pink sari.
Continue reading...Attempts in Japan to retrieve the man were temporarily halted early on Wednesday after a second sinkhole appeared
Rescue workers in Japan are battling water leaks, gas pipes and unstable ground as they attempt to reach a man whose truck fell into a sinkhole near Tokyo two days ago.
The hole, which is reportedly 10 metres across and 10 metres deep, opened up at an intersection in Yashio, Saitama prefecture, on Tuesday morning, swallowing the 74-year-old truck driver and his two-tonne vehicle.
Continue reading...Witnesses describe people being trampled amid surging crowds on the banks of the Ganges during Hindu festival
At least 30 people have been killed and scores injured in crowd crushes at the Kumbh Mela festival, Indian police have confirmed, as vast numbers of people went to bathe at one of the holiest sites of the Hindu gathering.
Tens of millions of people flocked to the northern state of Uttar Pradesh to immerse themselves at the sacred confluence of the Ganges and Yamuna rivers on one of the most auspicious days of the Hindu festival.
Continue reading...India’s prime minister Narendra Modi confirmed there had been fatalities at the world’s largest religious gathering
Dozens feared dead in India at Kumbh Mela religious festival
Wednesday is when the sadhus (holy people), all 13 sects of them, take their holy baths in the Ganges.
The holy bathing time is at 4am and that is around the time that the crowd crushes are thought to have started. It appears three separate crushes took place, as people surged forward, into groups of people who were sitting or lying on the ground on the banks of the river.
Continue reading...The Alien Enemies Act provides sweeping powers to detain or deport foreign nationals. It’s ripe for abuse, experts say.
The post Trump Leans on WWII Japanese Incarceration Law to Deport Immigrants appeared first on The Intercept.
UNRWA delivered the majority of food aid during the war and sheltered more than 1 million people. What happens when it’s banned?
The post Israel Bans UNRWA as Trump Throttles Foreign Aid appeared first on The Intercept.
Tech CEOs cozying up to Trump want to reshape reality to their politics.
The post The Broligarchy: The Who’s Who of the Silicon Gilded Age appeared first on The Intercept.
Thailand’s LGBTQ+ community has fought for decades for the right to equal marriage, and on Thursday 878 district offices across the country opened their doors to same-sex couples who wished to register and get married. It has made Thailand the first country in south-east Asia to recognise equal marriage, and only the third in Asia, behind Taiwan and Nepal
Continue reading...Following Trump’s executive order, a trans woman held at a federal prison was told she would be moved to a men’s prison.
The post Trans Women in Federal Custody Face the Terror of Being Transferred to Men’s Prisons appeared first on The Intercept.
UNRWA delivered the majority of food aid during the war and sheltered more than 1 million people. What happens when it’s banned?
The post Israel Bans UNRWA as Trump Throttles Foreign Aid appeared first on The Intercept.
Barbican Hall, London
Making a much-anticipated London appearance, Daniil Trifonov balanced lyricism and vigour in Schumann. Daniel Harding’s well-judged account of Mahler 7 caught the symphony’s sense of impending disintegration
Ordinarily, the main attraction of this London Symphony Orchestra concert under Daniel Harding would have been Mahler’s Seventh symphony, a special-occasion piece which is still relatively rarely performed compared with its peers. But this was also Daniil Trifonov’s much anticipated first appearance in London since before the pandemic. The buzz among a capacity Barbican audience about the celebrated Russian pianist’s return was palpable.
Trifonov did not disappoint. Under his hands, the reading of Robert Schumann’s A minor piano concerto was searchingly individual in the very best sense, with Trifonov illuminating the muscularity of Schumann’s piano writing as well as its delicate poetry. Trifonov unquestionably commands the restraint of dynamics that Schumann’s scoring requires from the soloist – his passagework was exemplary. But he was unafraid of making weightier keyboard statements too, even in the opening bars and especially in the first movement cadenza.
Continue reading...Gabbard is a rare Washington politician who defended the NSA whistleblower. But she has also changed positions and even political parties.
The post Tulsi Gabbard Once Called for an Edward Snowden Pardon. Will She Flip-Flop Now? appeared first on The Intercept.
The founder of Mothers Against College Antisemitism says her 62,000-member Facebook group is influencing NYU policy.
The post A Well-Connected NYU Parent Is Trying to Get Students Deported appeared first on The Intercept.
Since the fall of Bashar al-Assad, Turkey and its militias have cut off the Kurdish city of Kobane from the rest of Syria.
The post Twelve Days in Kobane, Where Syrian Kurds Are Under Attack by Turkey appeared first on The Intercept.
The US president is testing the limits of executive authority, sidelining Congress and enriching allies while destabilising the global economy
Donald Trump is provoking a US constitutional crisis, claiming sweeping powers to override or bypass Congress’s control over spending in a brazen attempt to centralise financial power in the executive branch. If he succeeds, Nobel laureate Paul Krugman warns, it would be a 21st-century coup – with power slipping from elected officials’ hands. The real story hidden behind the president’s trade war, he says, is the hijacking of government. And Mr Krugman’s right.
By usurping the authority to shut down government programmes at will – even those funded by Congress – Mr Trump could slash federal spending and taxes while pretending to balance the books. In reality, he’d be robbing the poor to enrich the wealthy. In a world where economic jargon has been corrupted to depict exploitation as “wealth creation”, the audacity of Mr Trump – and his lackeys – to personally profit is breathtaking. Mr Trump’s philosophy is simple: let the uber-rich do whatever they want, with little or no oversight. The result will be vast wealth for a select few while life grows nastier and shorter for the many.
Continue reading...Prospective chancellor takes startlingly aggressive line against those protesting against gamble with AfD
The German conservative opposition leader, Friedrich Merz, whose party is widely tipped to win this month’s general election, defended his hardline migration proposals after a wave of protests accused him of breaching the time-honoured “firewall” between the far right and centrists.
In an uncompromising speech to a party congress of his Christian Democratic Union (CDU) in Berlin, Merz said he was confident they would win the 23 February vote “with a very good result”, well ahead of the anti-immigration, anti-Islam Alternative für Deutschland (AfD), which has been consistently placing second in the polls.
Continue reading...With the Democratic Party reeling from its losses, the DNC is voting on a new chair. Will it choose to reform its top-down model?
The post The Democratic National Committee Is Undemocratic. That’s by Design. appeared first on The Intercept.
Trump’s recent executive orders show unwavering support of Israel and the further dehumanization of Palestinians.
The post Trump’s Nightmare Plan for Gaza appeared first on The Intercept.
Facing more than a dozen questions about her views on the NSA leaker, Gabbard held her ground at her DNI confirmation hearing.
The post Tulsi Gabbard Refused to Back Down on Edward Snowden. It Could Tank Her Nomination. appeared first on The Intercept.
The FBI trawled NSA records without a warrant to investigate a man suspected of trying to join a terror group, prosecutors admit.
The post FBI’s Warrantless Search Ruled Unconstitutional in a Blow to Government Spying appeared first on The Intercept.
The Alien Enemies Act provides sweeping powers to detain or deport foreign nationals. It’s ripe for abuse, experts say.
The post Trump Leans on WWII Japanese Incarceration Law to Deport Immigrants appeared first on The Intercept.
The “privacy-first” company surprised its user base when CEO Andy Yen lauded Trump on social media.
The post Proton Mail Says It’s “Politically Neutral” While Praising Republican Party appeared first on The Intercept.
For many government employees, merely owning cryptocurrency is off-limits. Not for Trump, who created a “very grifty” meme coin.
The post Trump Appointees Can’t Own Crypto. That Rule Doesn’t Apply to Trump Himself. appeared first on The Intercept.
Artificial intelligence (AI) is writing law today. This has required no changes in legislative procedure or the rules of legislative bodies—all it takes is one legislator, or legislative assistant, to use generative AI in the process of drafting a bill.
In fact, the use of AI by legislators is only likely to become more prevalent. There are currently projects in the US House, US Senate, and legislatures around the world to trial the use of AI in various ways: searching databases, drafting text, summarizing meetings, performing policy research and analysis, and more. A Brazilian municipality ...
Asylum-seekers are being detained because they come from Russia and Central Asia, immigrants and attorneys told The Intercept.
The post They Flee Russia as Dissidents Seeking Asylum. The U.S. Locks Them Up. appeared first on The Intercept.
Advocates say the bill will put domestic violence survivors who face false allegations from their abusers at greater risk of deportation.
The post Republicans Say This Anti-Immigrant Bill Will Protect Victims of Abuse. It Will Do the Opposite. appeared first on The Intercept.
For many government employees, merely owning cryptocurrency is off-limits. Not for Trump, who created a “very grifty” meme coin.
The post Trump Appointees Can’t Own Crypto. That Rule Doesn’t Apply to Trump Himself. appeared first on The Intercept.
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Imagine a world in which you can do transactions and many other things without having to give your personal information. A world in which you don’t need to rely on banks or governments anymore. Sounds amazing, right? That’s exactly what blockchain technology allows us to do.
It’s like your computer’s hard drive. blockchain is a technology that lets you store data in digital blocks, which are connected together like links in a chain.
Blockchain technology was originally invented in 1991 by two mathematicians, Stuart Haber and W. Scot Stornetta. They first proposed the system to ensure that timestamps could not be tampered with.
A few years later, in 1998, software developer Nick Szabo proposed using a similar kind of technology to secure a digital payments system he called “Bit Gold.” However, this innovation was not adopted until Satoshi Nakamoto claimed to have invented the first Blockchain and Bitcoin.
A blockchain is a distributed database shared between the nodes of a computer network. It saves information in digital format. Many people first heard of blockchain technology when they started to look up information about bitcoin.
Blockchain is used in cryptocurrency systems to ensure secure, decentralized records of transactions.
Blockchain allowed people to guarantee the fidelity and security of a record of data without the need for a third party to ensure accuracy.
To understand how a blockchain works, Consider these basic steps:
Let’s get to know more about the blockchain.
Blockchain records digital information and distributes it across the network without changing it. The information is distributed among many users and stored in an immutable, permanent ledger that can't be changed or destroyed. That's why blockchain is also called "Distributed Ledger Technology" or DLT.
Here’s how it works:
And that’s the beauty of it! The process may seem complicated, but it’s done in minutes with modern technology. And because technology is advancing rapidly, I expect things to move even more quickly than ever.
Even though blockchain is integral to cryptocurrency, it has other applications. For example, blockchain can be used for storing reliable data about transactions. Many people confuse blockchain with cryptocurrencies like bitcoin and ethereum.
Blockchain already being adopted by some big-name companies, such as Walmart, AIG, Siemens, Pfizer, and Unilever. For example, IBM's Food Trust uses blockchain to track food's journey before reaching its final destination.
Although some of you may consider this practice excessive, food suppliers and manufacturers adhere to the policy of tracing their products because bacteria such as E. coli and Salmonella have been found in packaged foods. In addition, there have been isolated cases where dangerous allergens such as peanuts have accidentally been introduced into certain products.
Tracing and identifying the sources of an outbreak is a challenging task that can take months or years. Thanks to the Blockchain, however, companies now know exactly where their food has been—so they can trace its location and prevent future outbreaks.
Blockchain technology allows systems to react much faster in the event of a hazard. It also has many other uses in the modern world.
Blockchain technology is safe, even if it’s public. People can access the technology using an internet connection.
Have you ever been in a situation where you had all your data stored at one place and that one secure place got compromised? Wouldn't it be great if there was a way to prevent your data from leaking out even when the security of your storage systems is compromised?
Blockchain technology provides a way of avoiding this situation by using multiple computers at different locations to store information about transactions. If one computer experiences problems with a transaction, it will not affect the other nodes.
Instead, other nodes will use the correct information to cross-reference your incorrect node. This is called “Decentralization,” meaning all the information is stored in multiple places.
Blockchain guarantees your data's authenticity—not just its accuracy, but also its irreversibility. It can also be used to store data that are difficult to register, like legal contracts, state identifications, or a company's product inventory.
Blockchain has many advantages and disadvantages.
I’ll answer the most frequently asked questions about blockchain in this section.
Blockchain is not a cryptocurrency but a technology that makes cryptocurrencies possible. It's a digital ledger that records every transaction seamlessly.
Yes, blockchain can be theoretically hacked, but it is a complicated task to be achieved. A network of users constantly reviews it, which makes hacking the blockchain difficult.
Coinbase Global is currently the biggest blockchain company in the world. The company runs a commendable infrastructure, services, and technology for the digital currency economy.
Blockchain is a decentralized technology. It’s a chain of distributed ledgers connected with nodes. Each node can be any electronic device. Thus, one owns blockhain.
Bitcoin is a cryptocurrency, which is powered by Blockchain technology while Blockchain is a distributed ledger of cryptocurrency
Generally a database is a collection of data which can be stored and organized using a database management system. The people who have access to the database can view or edit the information stored there. The client-server network architecture is used to implement databases. whereas a blockchain is a growing list of records, called blocks, stored in a distributed system. Each block contains a cryptographic hash of the previous block, timestamp and transaction information. Modification of data is not allowed due to the design of the blockchain. The technology allows decentralized control and eliminates risks of data modification by other parties.
Blockchain has a wide spectrum of applications and, over the next 5-10 years, we will likely see it being integrated into all sorts of industries. From finance to healthcare, blockchain could revolutionize the way we store and share data. Although there is some hesitation to adopt blockchain systems right now, that won't be the case in 2022-2023 (and even less so in 2026). Once people become more comfortable with the technology and understand how it can work for them, owners, CEOs and entrepreneurs alike will be quick to leverage blockchain technology for their own gain. Hope you like this article if you have any question let me know in the comments section
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Non-fungible tokens (NFTs) are the most popular digital assets today, capturing the attention of cryptocurrency investors, whales and people from around the world. People find it amazing that some users spend thousands or millions of dollars on a single NFT-based image of a monkey or other token, but you can simply take a screenshot for free. So here we share some freuently asked question about NFTs.
NFT stands for non-fungible token, which is a cryptographic token on a blockchain with unique identification codes that distinguish it from other tokens. NFTs are unique and not interchangeable, which means no two NFTs are the same. NFTs can be a unique artwork, GIF, Images, videos, Audio album. in-game items, collectibles etc.
A blockchain is a distributed digital ledger that allows for the secure storage of data. By recording any kind of information—such as bank account transactions, the ownership of Non-Fungible Tokens (NFTs), or Decentralized Finance (DeFi) smart contracts—in one place, and distributing it to many different computers, blockchains ensure that data can’t be manipulated without everyone in the system being aware.
The value of an NFT comes from its ability to be traded freely and securely on the blockchain, which is not possible with other current digital ownership solutionsThe NFT points to its location on the blockchain, but doesn’t necessarily contain the digital property. For example, if you replace one bitcoin with another, you will still have the same thing. If you buy a non-fungible item, such as a movie ticket, it is impossible to replace it with any other movie ticket because each ticket is unique to a specific time and place.
One of the unique characteristics of non-fungible tokens (NFTs) is that they can be tokenised to create a digital certificate of ownership that can be bought, sold and traded on the blockchain.
As with crypto-currency, records of who owns what are stored on a ledger that is maintained by thousands of computers around the world. These records can’t be forged because the whole system operates on an open-source network.
NFTs also contain smart contracts—small computer programs that run on the blockchain—that give the artist, for example, a cut of any future sale of the token.
Non-fungible tokens (NFTs) aren't cryptocurrencies, but they do use blockchain technology. Many NFTs are based on Ethereum, where the blockchain serves as a ledger for all the transactions related to said NFT and the properties it represents.5) How to make an NFT?
Anyone can create an NFT. All you need is a digital wallet, some ethereum tokens and a connection to an NFT marketplace where you’ll be able to upload and sell your creations
When you purchase a stock in NFT, that purchase is recorded on the blockchain—the bitcoin ledger of transactions—and that entry acts as your proof of ownership.
The value of an NFT varies a lot based on the digital asset up for grabs. People use NFTs to trade and sell digital art, so when creating an NFT, you should consider the popularity of your digital artwork along with historical statistics.
In the year 2021, a digital artist called Pak created an artwork called The Merge. It was sold on the Nifty Gateway NFT market for $91.8 million.
Non-fungible tokens can be used in investment opportunities. One can purchase an NFT and resell it at a profit. Certain NFT marketplaces let sellers of NFTs keep a percentage of the profits from sales of the assets they create.
Many people want to buy NFTs because it lets them support the arts and own something cool from their favorite musicians, brands, and celebrities. NFTs also give artists an opportunity to program in continual royalties if someone buys their work. Galleries see this as a way to reach new buyers interested in art.
There are many places to buy digital assets, like opensea and their policies vary. On top shot, for instance, you sign up for a waitlist that can be thousands of people long. When a digital asset goes on sale, you are occasionally chosen to purchase it.
To mint an NFT token, you must pay some amount of gas fee to process the transaction on the Etherum blockchain, but you can mint your NFT on a different blockchain called Polygon to avoid paying gas fees. This option is available on OpenSea and this simply denotes that your NFT will only be able to trade using Polygon's blockchain and not Etherum's blockchain. Mintable allows you to mint NFTs for free without paying any gas fees.
The answer is no. Non-Fungible Tokens are minted on the blockchain using cryptocurrencies such as Etherum, Solana, Polygon, and so on. Once a Non-Fungible Token is minted, the transaction is recorded on the blockchain and the contract or license is awarded to whoever has that Non-Fungible Token in their wallet.
You can sell your work and creations by attaching a license to it on the blockchain, where its ownership can be transferred. This lets you get exposure without losing full ownership of your work. Some of the most successful projects include Cryptopunks, Bored Ape Yatch Club NFTs, SandBox, World of Women and so on. These NFT projects have gained popularity globally and are owned by celebrities and other successful entrepreneurs. Owning one of these NFTs gives you an automatic ticket to exclusive business meetings and life-changing connections.
That’s a wrap. Hope you guys found this article enlightening. I just answer some question with my limited knowledge about NFTs. If you have any questions or suggestions, feel free to drop them in the comment section below. Also I have a question for you, Is bitcoin an NFTs? let me know in The comment section below
In the rapidly advancing landscape of AI technology and innovation, LimeWire emerges as a unique platform in the realm of generative AI tools. This platform not only stands out from the multitude of existing AI tools but also brings a fresh approach to content generation. LimeWire not only empowers users to create AI content but also provides creators with creative ways to share and monetize their creations.
As we explore LimeWire, our aim is to uncover its features, benefits for creators, and the exciting possibilities it offers for AI content generation. This platform presents an opportunity for users to harness the power of AI in image creation, all while enjoying the advantages of a free and accessible service.
Let's unravel the distinctive features that set LimeWire apart in the dynamic landscape of AI-powered tools, understanding how creators can leverage its capabilities to craft unique and engaging AI-generated images.
This revamped LimeWire invites users to register and unleash their creativity by crafting original AI content, which can then be shared and showcased on the LimeWire Studio. Notably, even acclaimed artists and musicians, such as Deadmau5, Soulja Boy, and Sean Kingston, have embraced this platform to publish their content in the form of NFT music, videos, and images.
Beyond providing a space for content creation and sharing, LimeWire introduces monetization models to empower users to earn revenue from their creations. This includes avenues such as earning ad revenue and participating in the burgeoning market of Non-Fungible Tokens (NFTs). As we delve further, we'll explore these monetization strategies in more detail to provide a comprehensive understanding of LimeWire's innovative approach to content creation and distribution.
LimeWire Studio welcomes content creators into its fold, providing a space to craft personalized AI-focused content for sharing with fans and followers. Within this creative hub, every piece of content generated becomes not just a creation but a unique asset—ownable and tradable. Fans have the opportunity to subscribe to creators' pages, immersing themselves in the creative journey and gaining ownership of digital collectibles that hold tradeable value within the LimeWire community. Notably, creators earn a 2.5% royalty each time their content is traded, adding a rewarding element to the creative process.
The platform's flexibility is evident in its content publication options. Creators can choose to share their work freely with the public or opt for a premium subscription model, granting exclusive access to specialized content for subscribers.
As of the present moment, LimeWire focuses on AI Image Generation, offering a spectrum of creative possibilities to its user base. The platform, however, has ambitious plans on the horizon, aiming to broaden its offerings by introducing AI music and video generation tools in the near future. This strategic expansion promises creators even more avenues for expression and engagement with their audience, positioning LimeWire Studio as a dynamic and evolving platform within the realm of AI-powered content creation.
The LimeWire AI image generation tool presents a versatile platform for both the creation and editing of images. Supporting advanced models such as Stable Diffusion 2.1, Stable Diffusion XL, and DALL-E 2, LimeWire offers a sophisticated toolkit for users to delve into the realm of generative AI art.
Much like other tools in the generative AI landscape, LimeWire provides a range of options catering to various levels of complexity in image creation. Users can initiate the creative process with prompts as simple as a few words or opt for more intricate instructions, tailoring the output to their artistic vision.
What sets LimeWire apart is its seamless integration of different AI models and design styles. Users have the flexibility to effortlessly switch between various AI models, exploring diverse design styles such as cinematic, digital art, pixel art, anime, analog film, and more. Each style imparts a distinctive visual identity to the generated AI art, enabling users to explore a broad spectrum of creative possibilities.
The platform also offers additional features, including samplers, allowing users to fine-tune the quality and detail levels of their creations. Customization options and prompt guidance further enhance the user experience, providing a user-friendly interface for both novice and experienced creators.
Excitingly, LimeWire is actively developing its proprietary AI model, signaling ongoing innovation and enhancements to its image generation capabilities. This upcoming addition holds the promise of further expanding the creative horizons for LimeWire users, making it an evolving and dynamic platform within the landscape of AI-driven art and image creation.
Sign Up Now To Get Free Credits
Upon completing your creative endeavor on LimeWire, the platform allows you the option to publish your content. An intriguing feature follows this step: LimeWire automates the process of minting your creation as a Non-Fungible Token (NFT), utilizing either the Polygon or Algorand blockchain. This transformative step imbues your artwork with a unique digital signature, securing its authenticity and ownership in the decentralized realm.
Creators on LimeWire hold the power to decide the accessibility of their NFT creations. By opting for a public release, the content becomes discoverable by anyone, fostering a space for engagement and interaction. Furthermore, this choice opens the avenue for enthusiasts to trade the NFTs, adding a layer of community involvement to the artistic journey.
Alternatively, LimeWire acknowledges the importance of exclusivity. Creators can choose to share their posts exclusively with their premium subscribers. In doing so, the content remains a special offering solely for dedicated fans, creating an intimate and personalized experience within the LimeWire community. This flexibility in sharing options emphasizes LimeWire's commitment to empowering creators with choices in how they connect with their audience and distribute their digital creations.
After creating your content, you can choose to publish the content. It will automatically mint your creation as an NFT on the Polygon or Algorand blockchain. You can also choose whether to make it public or subscriber-only.
If you make it public, anyone can discover your content and even trade the NFTs. If you choose to share the post only with your premium subscribers, it will be exclusive only to your fans.
Additionally, you can earn ad revenue from your content creations as well.
When you publish content on LimeWire, you will receive 70% of all ad revenue from other users who view your images, music, and videos on the platform.
This revenue model will be much more beneficial to designers. You can experiment with the AI image and content generation tools and share your creations while earning a small income on the side.
The revenue you earn from your creations will come in the form of LMWR tokens, LimeWire’s own cryptocurrency.
Your earnings will be paid every month in LMWR, which you can then trade on many popular crypto exchange platforms like Kraken, ByBit, and UniSwap.
You can also use your LMWR tokens to pay for prompts when using LimeWire generative AI tools.
You can sign up to LimeWire to use its AI tools for free. You will receive 10 credits to use and generate up to 20 AI images per day. You will also receive 50% of the ad revenue share. However, you will get more benefits with premium plans.
For $9.99 per month, you will get 1,000 credits per month, up to 2 ,000 image generations, early access to new AI models, and 50% ad revenue share
For $29 per month, you will get 3750 credits per month, up to 7500 image generations, early access to new AI models, and 60% ad revenue share
For $49 per month, you will get 5,000 credits per month, up to 10,000 image generations, early access to new AI models, and 70% ad revenue share
For $99 per month, you will get 11,250 credits per month, up to 2 2,500 image generations, early access to new AI models, and 70% ad revenue share
With all premium plans, you will receive a Pro profile badge, full creation history, faster image generation, and no ads.
Sign Up Now To Get Free Credits
In conclusion, LimeWire emerges as a democratizing force in the creative landscape, providing an inclusive platform where anyone can unleash their artistic potential and effortlessly share their work. With the integration of AI, LimeWire eliminates traditional barriers, empowering designers, musicians, and artists to publish their creations and earn revenue with just a few clicks.
The ongoing commitment of LimeWire to innovation is evident in its plans to enhance generative AI tools with new features and models. The upcoming expansion to include music and video generation tools holds the promise of unlocking even more possibilities for creators. It sparks anticipation about the diverse and innovative ways in which artists will leverage these tools to produce and publish their own unique creations.
For those eager to explore, LimeWire's AI tools are readily accessible for free, providing an opportunity to experiment and delve into the world of generative art. As LimeWire continues to evolve, creators are encouraged to stay tuned for the launch of its forthcoming AI music and video generation tools, promising a future brimming with creative potential and endless artistic exploration
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