Crypto Plunge | Cryptocurrency Prices dropped by USD 400B | Billionaires lose USD 60B | Author Panel

Crypto Plunge | Cryptocurrency Prices dropped by USD 400B | Billionaires lose USD 60B

Fortunes rise and fall in the volatile world of cryptocurrency, but over the last few weeks, they’ve only moved in one direction — down — Crypto Plunge.

Ethereum Price variation over one month

The current price of Ethereum as of 16 May 2022 is USD 2,025 which is USD 1,034 less than it was a month back. That’s a whopping 33.82% price drop of Ethereum over a month.

Bitcoin Price variation over one month

The current price of Bitcoin as of 16 May 2022 is USD 29,765.10 which is USD 10,604.50 less than it was a month back. That’s a whopping 26.26% price drop in Bitcoin over a month.

The total value of all outstanding cryptocurrency tokens is down over 26%. On March 11 Forbes counted 19 crypto billionaires. Now, just 16 are billionaires, Forbes estimates.

For moguls whose net worths are hitched to token prices and publicly traded stocks of crypto firms, it’s been a difficult few weeks. Eleven of the industry’s wealthiest individuals have collectively lost nearly $60 billion. This downfall resulted in a drop of USD 400 billion from the market value.

Binance CEO Changpeng Zhao (CZ)

One person accounted for the vast majority of that loss. Binance CEO Changpeng Zhao (CZ) was the industry’s wealthiest person in March with an eye-popping USD 65 billion fortune. Today, Forbes estimates he is worth USD 17.4 billion, based on the declining multiple of Coinbase, Binance’s publicly traded peer. Not that CZ is worried. The billionaire, who has previously brushed aside speculation on his net worth, tweeted Wednesday: “We need to respect the market, with a level of caution too. It goes up and down in cycles. And especially the fact that it doesn’t always make sense.”

1/8 These past weeks have proven to be a watershed moment for the crypto industry. We have witnessed the rapid decline of a major project, which sent ripples across the industry, but also a new found resiliency in the market that did not exist during the last market downswing.

— CZ 🔶 Binance (@cz_binance) May 15, 2022

Brian Armstrong, CEO and Co-Founder CoinBase

Brian Armstrong and Fred Ehrsam, founders of publicly traded crypto exchange Coinbase, both lost more than half of their fortunes. Armstrong, Coinbase’s CEO, is worth USD 2.8 billion, down from USD 6.6 billion on March 11. Ehrsam, who left the company in 2017, has fallen from the billionaire ranks; Forbes estimates his net worth at USD 986 million. Coinbase shares, which closed on Friday at USD 67.87, have fallen 57% since March 11, and 80% from their all-time high of USD 343 last November.

On Sunday, Ehrsam — in an apparent vote of confidence for crypto — tweeted a photo of The Big Short’s Michael Burry (played by Christian Bale), the legendary hedge fund investor who successfully shorted the housing market in 2008. On Tuesday, Armstrong denied that Coinbase was at risk of bankruptcy after a public filing spooked investors.

Michael Saylor, a Bitcoin bull and CEO of software firm Microstrategy

Michael Saylor, a Bitcoin bull and CEO of software firm Microstrategy, is no longer a billionaire. The market turbulence has been a double whammy for Saylor, hitting his personal stash of 17,732 bitcoins and his MicroStrategy stock, which has fallen 47% since March 11.

MicroStrategy shares are closely correlated with Bitcoin’s prices because the company has spent over USD 4.5 billion on the cryptocurrency, at an average purchase price of USD 30,700 per token. That investment is currently underwater, with Bitcoin trading at around USD 30,030 as of 4:00 pm eastern time. Like his peers, Saylor doesn’t seem worried. “The Best is yet to come,” he tweeted Friday morning.

Jed McCaleb and Chris Larsen, two co-founders of blockchain-based payments system Ripple, have lost USD 300 million and USD 1.1 billion, respectively. XRP (Ripple’s native token) has fallen nearly 50%. Venture capitalist Tim Draper, who bought around 30,000 bitcoins in 2014 from a U.S. government auction of the Silk Road’s confiscated bitcoins, has also departed the three-comma club.

The holdings of crypto tycoons whose fortunes are tied up in venture-backed companies have not yet been marked down — for now, at least. That’s why Sam Bankman-Fried, the shaggy-haired founder of crypto trading platform FTX, is still worth USD 21 billion, down only USD 3 billion since March. FTX raised USD 400 million in January at a USD 32 billion valuation, with institutional investors like the Ontario Teachers’ Pension Plan Board jumping on the crypto firm’s cap table. On Thursday, Bankman-Fried revealed he was taking advantage of the downturn and had built a 7.6% stake in Robinhood, a trading app popular with crypto investors and retail stock investors.

The same goes for Cameron and Tyler Winklevoss — Mark Zuckerberg’s college nemeses, turned Bitcoin billionaires. The twins’ Bitcoin holdings have slumped, but Gemini, the private crypto exchange they founded and run, is still valued at USD 7.1 billion, based on a fundraising round in November.

Unsurprisingly, there is little sympathy out there for crypto’s richest.

“Crypto billionaires are still crypto billionaires,” Scott Welker, a digital assets investor and podcaster, tells Forbes. “The larger concern is the small investors that were all in crypto, and have lost everything.”

Why Data Backup is important for your Business | Author Panel

Why Data Backup is important for your Business?

Are you wondering how to protect your business from cyber-attacks?

Are you thinking that no, I have a small business who would hack my website?

Well, read the article and you can understand how important it is for your business, irrespective of whether it is large or small, to back up its data.

What we will cover in this article-

1. Facts about Data Breaches and their cost to companies.

2. Reasons Why Your Business Needs to Backup Data.

3. How to backup your data to increase your cybersecurity.

A Few Facts about Cyber Attacks, Data Loss and Data Breaches

According to the 2021 Data Breach Investigations Report -

• 10% of breaches involved ransomware, doubling last year’s frequency
• 36%of breaches involved phishing, 11% more than last year.
• 85% of breaches involved the human element.
• More than half of all businesses that are victims of a cyber-attack or data breach are subsequently subject to public scrutiny and suffer losses in brand reputation, customer loyalty, and customer trust.
• 29% of businesses that are victims of attacks lose revenue, and nearly 40% of those businesses lose more than 20% of total revenues.
• Among companies that suffer attacks or breaches, nearly a quarter of them lose significant business opportunities following the data-loss event.
• More than 20% of businesses that experience data loss or suffer a cyber-attack lose customers as well. And, 40% of those companies lose more than 20% of their customers.

How much does a Data Breach cost to companies?

According to the Cost of a Data Breach Report by IBM-

• 2021 had the highest average cost in 17 years. Data breach costs rose from USD 3.86 million to USD 4.24 million, the highest average total cost in the 17-year history of this report.
• The average cost was USD 1.07 million higher in breaches where remote work was a factor in causing the breach, compared to those where remote work was not a factor.
• The most common initial attack vector, compromised credentials, was responsible for 20% of breaches at an average breach cost of USD 4.37 million.
• Automation and security artificial intelligence (AI), when fully deployed, provided the biggest cost mitigation, up to USD 3.81 million less than organizations without it. 
• The average cost of a breach was USD 1.76 million less at organizations with a mature zero-trust approach, compared to organizations without zero trust.
• Organizations further along in their cloud modernization strategy contained the breach on average 77 days faster than those in the early stage of their modernization journey.

As you can see, the results of data loss due to cyber-attacks can be devastating for a business. However, as we will soon cover, cyber-attacks and ransomware are not the only threats to your business data. These explains why data backup is important for your business. So, in this article, we will discuss the various threats to your business data and how an effective data disaster recovery plan can help protect against them.

Potential Risks to Business Data Are Everywhere

Reports of malicious software and hackers are everywhere nowadays. And, while these types of threats do pose significant risks for businesses, they are also certainly not the only ones out there. So, with that in mind, we will cover some of the things that threaten your business data and put it at risk on a daily basis.

1. Hackers, Ransomware, Phishing and Viruses

As noted above, cyber-attacks are wreaking havoc on businesses everywhere. And, while hackers and ransomware outbreaks are certainly causing damage and making headlines, old-school malware, spyware, and old-fashioned viruses continue to be among the leading reasons for system breaches and data loss. With these types of threats, it is not a matter of when your business will become a victim; it’s just a question of when. Anti-malware and anti-virus software can help. Still, even with updated security software, most businesses remain exposed to the threat of data loss due to hackers, malware, and ransomware.

2. Physical Disasters

With all the reports of cyber-attacks, hackers, and malware in the news these days, it is easy to overlook some of the more conventional physical threats your data faces every day. A fire, flood, or another type of natural disaster can wipe out all the data in your location and make recovery virtually impossible. And, if you don’t have multiple backups available, the simple theft of a hard drive or storage device could easily result in significant data loss. If that’s not enough, you should never take for granted the very real possibility of hard drive failures and other types of hardware mishaps.

Protecting Business Data: Backup Basics

Simply put, a data backup is just a copy of files from your computer or device. And, as illustrated by the numerous threats described above, keeping a backup of your important business files and data is essential for several important reasons. Virtually all computer and technology experts will tell you that any backup is better than none at all. Nevertheless, not all backup devices and technologies are the same; nor do they all offer the same levels of protection. Consequently, for optimal protection, it is best to safeguard your data using the 3-2-1 rule. Put simply, the 3-2-1 rule states that you should:

• Keep at least three (3) copies of your data (so no single event will destroy all copies);
• Store the data in at least two (2) different formats (i.e. disk, tape, cloud, etc.);
• Keep one (1) copy offsite to protect against fire, flood, theft, and other physical disasters.

To give you an idea of available options that can help you implement the 3-2-1 rule, let’s take a look at some of the most common methods businesses use to back up data.

1. Local and Network Backups

One of the easiest ways to create backups of business data is to simply store copies of important files on hard drives, tape drives or other storage devices connected to your systems or network. Copying files to hard drives, USB flash drives, external drives, or other devices attached to individual systems or devices connected via a local or wide area network is an effective way of ensuring backups are available locally when you need them. With any good data recovery plan, keeping local copies of backups is essential. However, due to risks associated with physical disasters, ransomware, theft, and other threats, keeping local backups should never be the only facet of your strategy. In addition to keeping up-to-date local backups of your files and data, you should always store at least one copy offsite as is required with the 3-2-1 rule (i.e. an offsite backup server or in the cloud.)

2. Cloud Backups

These days, it seems that wherever you turn, there is talk or news about businesses migrating to the cloud (or running software and systems remotely via the Internet.) And, backup solutions are no exception. In short, cloud backups are secure offsite copies of data that are stored on remote servers and accessed via an Internet connection. Cloud backups are an excellent option for providing additional redundancy and security for businesses that want to ensure their important data is available if and when onsite or physical data disasters strike.

 REMEMBER 

Cloud Backups and Online File Storage Are Not the Same

Many businesses use Dropbox, Google Drive, and other online storage websites to store backup copies of important files. And, while these types of services are okay for storing and sharing a few files, limitations with online storage sites (i.e. limited file versioning, lack of automated backups, limited backup folders, etc.) prevent them from being true cloud backups. A true cloud backup service enables you to create automated backups of complete systems and store as many versions of backups as you need.)

10 ways to Earn Money Online as a teenager 2022 Author Panel

Are you wondering -

How to Earn Money as a TEENAGER? How to Earn Money without a DEGREE? What are the Side Hustles can I do?

⏩What qualities do you need to earn money?

🎯Attitude/Interest/Hard work.

🎯Skills.

🎯Certificates/Degree.

🎯Confidence to prove that you have all the above three.

🎯 Have patience.

⏩What can I do to earn money? Earning Ideas  - Multiple Side Hustle Ideas 

1. Internship 
2. Part-Time Jobs 
3. Get-Paid-to sites 
4. Digital Creator on YouTube 
5. Social Media Influencer 
6. E-commerce business 
7. Freelancing 
9. Sell Photograph 
10. Blogging 

♦ Internship

🎯 Find your greatest skill and all the related skills you have. If you don't know what that is, look for skills that excite you to learn and then follow step 3.

🎯In order to improve that skill you can learn more about them online from YouTube, Upgrad, LinkedIn Learning, Internshala, and other platforms. Then apply for an Internship. This may include skills like Content Writing, Counselling, MS Excel, MS Word, Public Speaking, Consulting, Social Media Marketing, Digital Art, Video Editing, Photography, Web Design, etc.

🎯 Find which Job Role would suit your knowledge and efforts.

🎯 Apply for the same role in various hiring companies either through the companies' official website, email them or from sites like  LinkedIn, Indeed, Glassdoor, Internshala, AngelList, Meet-up, Hirect, and others.

🎯 The experience will make your CV look brighter when you go for an interview for your full-time job later on.

 REMEMBER 

1. Search about the company before joining. Few turn out to be fake. There are many copy-writing fake jobs going around online nowadays.

2. Take internships where you get paid, not where you have to pay.

3. Take the Internship Certificate at the end of the session.

♦ Part-Time Jobs

 REMEMBER 

1. Be prepared that though it is part-time, in many companies you may have to work overtime that too on the same pay.

2. You have to work along with your studies/household work. It becomes stressful and difficult at some point but you should fight back the difficulties.

3. Be aware of scams.

♦ GPT Sites

“Get Paid To" Sites may provide you small pocket money for doing things like -

1. Watching Videos (on YouTube, etc.) or participating in live streams on YouTube or Twitch.

2. Following Twitter, Instagram, and Tiktok Accounts and increasing their views and liking their content.

3. Listening to songs of a specific artist on Spotify.

4. Playing Games (mobile app or web Based)

5. Testing Mobile Apps.

6. Signing up for services.

7. Performing online Surveys.

8. Attending Webinar.

You can use Swagbucks, ySense, Qmee, My Points, InboxDollar, Timebucks, Ibotta, gain.gg, Reward XP, Tada, Upromise, etc.

 REMEMBER :

1. You won't be paid that much money with which you can make a living, but it will give you a side income by doing absolutely nothing or something.

2. Before giving your details check whether the site is ligiid or not. Check reviews online.

3. Do not give unnecessary details to the website; for e.g. your bank account details, your passwords, etc. Be aware of frauds.

♦ Become a Digital Creator on YouTube

YouTube provides you do to monetization on your channel when you cross 1000 subscribers and 4000 watch hours. Passing these organically is the toughest part. You will have to be highly active in your social media and drive traffic from thee to your channel. At this stage making at least 3 videos a week is better. Making quality unique content is a must. After you cross this YouTube can provide you income through Google AdSense based on views, but it is a huge rat race. You should not expect to get paid for this in a few months. You can get sponsors for your video by cold emailing them. You can put affiliate links in your video description.

♦ Become a Social Media Influencer

You may see many influencers rising nowadays from Instagram, TikTok, Facebook, etc. Influencer marketing is one of the biggest strategies most companies are using. So, if you become successful in creating quality content and moving with trends on your social media account and become an influencer someday, you will surely get sponsorships later on. Also, you may sign up yourself on many platforms like Freelancer, Winkl, and Fiverr. for Influencer marketing and getting clients.

♦ Start an e-commerce business

🎯Discover a unique idea, or some idea they have it doesn't has need but not many working on it with which you can and want to go forward with.

🎯Search where you can start your production. It may be your home where you buy machinery and start it all by yourself or you may give big orders to the manufacturing factory and resell it.

🎯Start selling on eBay, Amazon, Flipkart, IndiaMart, meesho, Quill, Grainger, ThomasNet, Shopify, Asos, Argos, John Lewis, etc {part of your B2B} and on your area's local stores{part of your B2C}.

🎯Advertise your company on WhatsApp, Facebook, Tiktok, Twitter, Snapchat, Instagram, etc.

🎯 If you see good growth in your revenue, start scaling up your company.

🎯 You May build your eCommerce website on WordPress WooCommerce or any other website.

Read More on how to start an eCommerce Business from scratch in 2022......

♦ Do Freelancing

🎯Find out the skills you have and you can deliver the best (e.g. Logo Design, Flyers and Banners Design, Fashion Design, Jewellery Design, Website Building, Music, Voice Artist, Song Lyricist, Video Editing, Content Writing, Social Media Marketing, Notion Consultation, NFT making, etc.)

🎯Make a profile on  Fiverr, Freelancer, Upwork, PeoplePerHour, Worksome, etc.

🎯Find clients on Pinterest and Instagram.

🎯Cold email companies asking them if you can work as a freelancer for them.

[Tips: Let's say you do Video Editing, but you see no clients approaching you, make a project, send any influencer or YouTuber your project on Instagram. Ask them if you can edit any of their raw videos for free and you will charge $x for the next time.]

♦ Start Print On Demand Service

🎯Buy printing machinery on Amazon, Alibaba, eBay, IndiaMart, or on some other website or in local stores.
🎯Advertise your company on WhatsApp, Tiktok, Facebook, Twitter, Instagram, etc.
🎯Find customers who want to print their books. You may get them online (you can get a strong B2C business in this sector).

♦  Sell Photograph

If you have a passion for photography; if you can click great photos, if you want to earn by selling your photos, then put your photos on Shutterstock, Alamy, Etsy, Adobe Stock, Shopify, Fotomoto, etc.

The category of photos which sell the most are—

• Landscape and nature photography

• Candid shots

• Custom product photos

• Stock photos

• Destination shots

• Abstract backgrounds

♦ Start a Blog

Start a free blog with subdomain on Google Blogger, WordPress, Joomla or Wix. You can buy custom domains from GoDaddy, Google Domain, NameCheap and Cloudflare. You can buy hosting from WordPress,  Hostinger, Bluehost, Cloudways, GoDaddy, Hostgator, Wix, Squarespace and many other platforms. Register your website on Google Adsense, media.net, Ezoic, Adsterra, Infolinks, Propeller Ads or any other platforms to earn money after you have written a sufficient number of blog contents. You can also do affiliate marketing with your blog from Amazon Affiliate Program, ShareASale, ClickBank and other platforms.

 

Opportunities

 won't come to your home walking. But if you can keep searching for opportunities and give your best efforts to IT you can be successful