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The Danger Of Spoofing In The Cryptocurrency World

If there is one word that Leonardo González Dellán could fittingly describe digital currencies, it would be that it is volatile. The price is fluctuating in a significant manner and quite often especially during the early days when a cryptocurrency has just been introduced into the market. This is still happening even to the most popular and biggest digital currency which is bitcoin. One god example is during the end of last year when the every coin has reached almost $20,000 but in just a matter of few weeks it has already spiraled down to one third of the original value.

The time scale by which the prices can fluctuate can be as long as months or as fast as seconds. This is the reason why criminal operations can be accomplished because of the flash crashes that the largest digital currencies are experiencing. This occurs when the hottest tokens are bought at a price lower than usual due to fluctuations and then sold again when the price is back to normal. Sadly, the criminals’ scheme does not end there. A new trend has been caught and it is called spoofing.

Spoofing happens when the criminals try to alter the price of the cryptocurrency in an artificial method through accomplishing fake orders. Traders influence the change in the market by doing fraudulent transactions which could manipulate the investors. As a result, they eight feel positive or negative by the actions thus they buy or sell a digital currency therefore impacting the cryptocurrency’s price at the same time. After the traders have achieved the price they want, they will withdraw the fraudulent transactions they have made.

There are already sources saying that the Department of Justice of the United States is currently doing investigations in order to see if the bitcoin network has been a victim of spoofing through price manipulation. Leonardo González Dellán, on the other hand, believes that the investigation will only focus on bitcoin for now because it is the biggest cryptocurrency in the market. Another reason why they are focusing on bitcoin is the significant price increase in 2017 that resulted to more investors flocking into the network.



About Patient Atcho

Patient Atcho started with The eBeninois Mag and his vision to have an avenue where all the different business industries will meet. Admit it or not, different industries have their own focus.

Luxury Property Prices In Bangkok Lower Than Other Asian Cities

Aside from hotels, apartments and condo units, there is also serviced apartment in Sukhumvit for visitors to Thailand. How do the serviced apartments differ from hotels? The serviced apartments are not just rooms; they feel and look like a home with living space, dining area, full furnished kitchen and services similar to what a hotel provides.

In Bangkok, the capital city of Thailand, foreign buying binge has reached phenomenal proportions to fuel the extra hot market of ultra-luxury real estate. When a luxury condo opened at 98 Wireless last March, it was immediately snapped up by a Hong Kong buyer for U$2.2 million without even thinking twice about the investment.

UthaiUthaisangsuk, an executive at property developer Sansiri, said that it was impulse purchase but the investor was able to gain an opulent 2-bedroom spread complete with Ralph Lauren furniture, three bathrooms that have been outfitted with Carrera marble, butler service and a chauffeured Bentley car.

Scenes similar to this are quite common in Bangkok where foreign investments are pushing up high end property prices at the top of the real estate market. Meanwhile, developers have a difficult time selling pedestrian properties. The Thai economy is still recovering and many families have household debt that disqualifies them from a home loan.

Companies like Sansiri and Country Group Development have to sell the luxury properties to foreign buyers who know that they will get more bang for the buck when buying property in Bangkok instead of Hong Kong.

Prices of condominiums in the heart of Bangkok have doubled during the last 5 years but they are still cheaper compared to less-travelled cities that include Jakarta, Kuala Lumpur and Ho Chi Minh City. Bangkok has surpassed London as the most visited city making it popular among investors particularly Chinese from the Mainland.

Expats who cannot afford to buy condo units in the heart of Bangkok have the option of serviced apartment in Sukhumvit as a second home. Most of the serviced apartments have generous living spaces with Wi-Fi and TV entertainment centre. There are also facilities like the fully-equipped fitness centre and outdoor swimming pool for relaxation.

About Patient Atcho

Patient Atcho started with The eBeninois Mag and his vision to have an avenue where all the different business industries will meet. Admit it or not, different industries have their own focus.

Fuji Xerox Printers’ Aussie Employees Getting Cut Down

When it comes to printing custom stickers in NZ or anything else anywhere in the world, the name Fuji Xerox is likely to pop up. A global titan with company offices among major countries like the US and Australia.

Speaking of Australia, the printing company’s Australia sector will be cutting down on its staff, with 50 staff members being cut down to a lower number. Out of these employees, only four have been offered new full-time positions, following the integration of Fuji Xerox Printers’ (FXP) into Fuji Xerox Australia.

Reports say that the local FXP staff were informed sometime around February that employees would be offered new positions at Fuji Xerox Australia (FXA), unless they were considered as redundancies, which would go into effect by March’s end.

The news of the integration came on the day immediately preceding Fujifilm Holding’s revelation that they plan to acquire Xerox Corp in a US$6.1 billion transaction, which would combine the US company into their current joint venture in order to increase scale and reach and cut down on costs amid the decline in demand for custom stickers in NZ and office printing.

Naturally, the former employees of FXP in Australia have moved on to other companies, including the company’s competition like Epson, HP and Lexmark, among others, with some migrating to other parts of the printing industry, to other things like custom stickers in NZ, among others.

Fuji Xerox Australia itself refused to comment on the matter regarding their employees. However, some employees have expressed disappointment with the developments, as quite a few of them had been with the company for quite some time.

Notably, FXA has a direct business model, which might make it difficult for FXA customers to get support with regards to Fuji Xerox issues, though the company has stated that it remains committed to ensuring a communicative, sustainable relationship with their resellers and distributors.

That being said, more than 100 of FXP’s local partners were uncertain of what would happen with regards to the new operational structure and business model as a result of the company integration deal.

These developments followed the company’s accounting scandal that rocked its operations across the AU and NZ, which led to $450 mill in loses and top-level board member and executive resignations.

About Patient Atcho

Patient Atcho started with The eBeninois Mag and his vision to have an avenue where all the different business industries will meet. Admit it or not, different industries have their own focus.

Increased Federal Funding For Disease Control And Prevention

High frequency sound waves are emitted by mosquito repeller ultrasonic which is intolerable to insects. However, make sure that the ultrasonic mosquito repellent is placed properly because the sound waves can be blocked by furniture and home décor. You need to test the proper location to determine where the sound waves are pretty active.

According to the latest figures from US Centres for Disease Control and Prevention, the number of Americans who got sick due to mosquito, flea and tick bites have more than tripled between 2004 and 2016. The increase within a very short period of time is staggering and unprecedented. Unfortunately, the United States is unprepared because funding for public health efforts on state and local levels have been gradually decreasing. The problem is further worsened by flat federal funding.

According to Dr. Ashish Jha director of Harvard Global health Institute, it is pretty clear that the phenomenon is occurring due to climate change. High temperatures usually result into a disease outbreak. Mosquitoes migrate to new areas because of the changing environment. There are longer insect seasons, increase in populations and large areas for mosquito, flea and tick habitats.

Results of the CDC study also revealed that only 16% of vector control organizations have programs that focus on the prevention and control of disease outbreaks. The organizations have the training, resources and programs to adequately battle the increasing onslaught of insect-borne dissects.

Another threat according to Oscar Alleyne, senior adviser for public health programs at the National Association of County and City Health Officials is the widespread failure to test insect resistance to various types of pesticides. If the insects are resistant to a certain pesticide, their population is not reduced by the chemicals used for pest control. It often takes a panic before Congress decides provide funding for effective pest control.

In the meantime, people have to undertake the necessary steps to avoid diseases associated to mosquito and insect bites. Residents can use mosquito repeller ultrasonic, mosquito repellent wristbands and deet-free mosquito repellers that are suitable for all ages. They also need to clean yards to minimize the risks of diseases.

About Patient Atcho

Patient Atcho started with The eBeninois Mag and his vision to have an avenue where all the different business industries will meet. Admit it or not, different industries have their own focus.

Cloud Computing Rising In Healthcare, According To A Report From Dell Technologies

With technology making a lot of things in the modern world easier and more efficient than ever, with IT technology like cloud computing, allowing for best practice support in healthcare institutions across the world. So it’s no surprise that major technology companies are keeping an eye on healthcare cloud computing.

Recently, Dell Technologies released an enterprise survey report, which says that healthcare is becoming increasingly welcoming to cloud computing for best practice support, which also leads to digital enterprise business transformation advancing. The report was released by the tech giant at the Dell Technologies World 2018 event held in Las Vegas, Nevada.

According to the report, the healthcare sector has been adopting Infrastructure as a Service (IaaS), at greater numbers, with a 23% increase at the tail end of 2015 to 34% near the end of 2017, suggesting that cloud computing is becoming an important aspect of IT for healthcare institutions and organizations.

The cloud management arm of Dell Technologies, Virtustream, took note, with the Senior VP, Peter Cuts, says that more and more healthcare organisations are now looking for IT delivery models that allow for best practice support, as well as allowing for better operations via improved flexibility and agility, as well as helping cut down on costs.

Cutts says that many healthcare organisations are now prioritizing cloud computing for their IT initiatives. He says that Virtustream responded with their new Virtustream Healthcare Cloud, which he says is compliant with HIPAA and HITECH and grants security, safety and efficiency when dealing with patient health information.

In a keynote address at the Dell Technologies World 2018, Vice Chairman of Products and Operations, Jeff Clarke says that modern technology is changing how the global workspace operates, with ore and more people looking for ways to advance their businesses. He says that 50% of enterprise customers are looking for using cloud for their operations, and that Dell is expecting the adoption rate of VR and AI technology in businesses to hit 20% by 2020.

Clarke says that turning raw data in workable business information is the key aspect of the IT infrastructure operations of Dell, and that the company is working to connect more and more people with the healthcare sector, as well as the groceries sector, and the gaming industry, among others.

About Patient Atcho

Patient Atcho started with The eBeninois Mag and his vision to have an avenue where all the different business industries will meet. Admit it or not, different industries have their own focus.

Government Of Thailand To Reduce Red Tape Required From Foreign Entrepreneurs

Bangkok’s chambers of commerce for foreign businesses is currently feeling the struggle that Apple, a giant tech firm from the United States, has to go through the government in order to launch its very first store in the metropolitan city of Thailand. According to experts in the industry, it is easier to get company registration in Thailand but the project relies greatly on the number of work visas that the country will grant in order for foreign experts working under Apple to come and work while in country.

The issue all started during the job announcement made by Apple regarding their 13 vacant positions that needed filling. The employees will be assigned to the very first physical store of the company in Southeast Asia.The store is unlike any other that can be found in other countries in the region. Apple chose Thailand for this endeavour because of its standing as the second country with the largest economy in Southeast Asia.

Many officials are not sure about the positions posted by the company as it uses terms like genius and creative – common language employed by the company when looking for applicants.

A retail analyst specializing in foreign business said that the authorities are looking for ways to break through but the main decision will depend on Apple as they can choose to stay on track or they can leave the country and pursue the project somewhere else.

The decision for the company will be crucial because it was only the previous month that the military government launched its National Competitive Enhancement Act for Targeted Industries. It aims to welcome at least 10 investments from foreign companies including existing company and those that are just starting up in the tech industry. These companies must dabble in research and development that will impact the world such as logistics, biotechnology, digital devices and smart gadgets as well as robotics.

This is all a part, including the easier company registration in Thailand, of the bigger initiative being constructed by the government known as Thailand 4.0 which is to help improve the booming economy of the country.

About Patient Atcho

Patient Atcho started with The eBeninois Mag and his vision to have an avenue where all the different business industries will meet. Admit it or not, different industries have their own focus.

Packaging On Heinz Product Deemed Misleading By AU Federal Court

One of the imperatives of packaging, whether you’re a homeowner using Packing Supplies in Adelaide to mark boxes or a major company packaging an international product, is to ensure that your packaging is accurate and honest. In the case of the latter, failing to ensure proper packaging can have wide-reaching consequences.

As was the case with international food giant, Heinz, when the Australian Federal Court deemed the packaging for their Little Kids Shredz range, which implied that the snack was a healthy consumable for children when it wasn’t, to be misleading.

The legal battle began in 2017 when a consumer advocacy group accused Heinz of placing deliberately misleading labelling regarding the Shredz range’s nutritional content, which comprises products made with concentrates, fruit pastes, purees and the like. This was big news for Packing Supplies in Adelaide and the local shoppers as the court proceedings were held there, with the counsel for the Australian Competition and Consumer Commission (ACCC) assessing the packaging.

In the judgment of the ACCC, made by Justice Richard White, said that that the packaging on the Shredz product range was misleading, falsely implying that the products were healthy to toddlers, as well as making the labelling’s statement that the Shredz product line was “99% fruit and veg”, when, in fact, it was about 60% sugar. The ACCC had decided that Heinz had breached Australian Consumer Law by engaging in “misleading or deceptive” behaviour.

According to the ACCC, each product should have openly stated their sugar content and the effects of consumption as per the WHO’s guidelines.

The rest of the ACCC’s claims, however, were dismissed, saying that consumers should be very much aware that the product would undergo processing; understanding that the products on the labelling would not be in their fresh form, but would, at the very least, be the source for the product itself.

Managing Director Bruno Lino, Heinz, expresses the company’s disappointment with the verdict, but also stated that they respect the outcome. He says that Heinz did not have any intention to mislead their customers regarding the labelling of the Shredz product, which has been unavailable to Aussies since May 2016.

About Patient Atcho

Patient Atcho started with The eBeninois Mag and his vision to have an avenue where all the different business industries will meet. Admit it or not, different industries have their own focus.