Select Page ::

LPL Financial, Gladstone Wealth Partners Welcome Mother and Son Team – GlobeNewswire

Posted on December 17, 2020 by Danzig

CHARLOTTE, N.C., Dec. 17, 2020 (GLOBE NEWSWIRE) -- LPL Financial LLC, a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that financial advisors Paulette and Beaux Treguboff have joined LPL Financials broker-dealer and corporate RIA platform, in addition to leveraging LPL as a custodian. They are aligned with Gladstone Wealth Partners, a large enterprise supporting LPL-affiliated advisors. The advisors reported having served approximately $150 million in advisory and brokerage assets*. They join from Morgan Stanley.

The advisors named their new independent practice Homestead Wealth Management as a tribute to their community and family roots. Both mother and son entered the financial services industry from other career paths. Paulette launched her career as a financial advisor in 1995, coming from new home sales. Beaux was a dairy farmer, working on his great-grandfathers homesteadmilking 1,500 cows three times a dayuntil he teamed up with his mom on tax day in 2008. Based in Glendale, Ariz., the advisors now work mostly with blue collar investors, helping them monitor lifes changes and build cohesive financial plans for retirement.

Seeking more independence, the advisors chose to partner with LPL Financial and Gladstone Wealth Partners. We want to own our business and have the autotomy to do whats right for our clients, Beaux said. By joining LPL and Gladstone, we can provide comprehensive financial planning services to any client we want to serve, not just those with large accounts.

Paulette added, LPL and Gladstone support our choices and do not interfere with how we can most effectively serve our clients and run our business. We also know that LPL is heavily invested in providing advisors with modern capabilities. We love the simplified paperwork process that allows us to handle more things digitally.

Additionally, the move was part of the teams business continuity plan to ensure clients are covered well into the future. We love that Gladstone provides an extra layer of support in how we take care of our clients, Paulette said. At the end of the day, thats why we got into the businessto do whats in their best interest and help our clients succeed.

Richard Frick, managing partner and CEO at Gladstone Wealth Partners, said, Gladstone is excited to work alongside LPL to help Homestead Wealth Management secure their independence. Paulette and Beaux value their clients and this move lets them choose who they service and customize their client relationships without being dictated to by a large wirehouse. We value our advisors and strive every day to deliver personalized services to help them succeed. This new partnership with Paulette and Beaux continue to expand Gladstones national presence with our first standalone office in the Phoenix market.

Rich Steinmeier, LPL Financial managing director and divisional president, Business Development, said, We welcome Paulette and Beaux to the LPL family and congratulate them on the launch of their new independent business. We appreciate that they value the choice and control to be able to serve the needs of their clients. With Gladstone and LPL, they become part of a bigger community of advisors and business owners that share their independent spirit. We congratulate Gladstone on its continued growth, and we look forward to supporting Homestead Wealth Managements success in the years to come.

Read about other firms that recently joined LPL in the LPL Financial News and Media section of LPL.com.

Advisors, find anLPL business development representativenear you.

About LPL FinancialLPL Financial (https://www.lpl.com) is a leader in the retail financial advice market and the nations largest independent broker-dealer**. We serve independent financial advisors, professionals, and financial institutions, providing them with the technology, research, clearing and compliance services, and practice management programs they need to create and grow thriving practices. LPL enables them to provide objective guidance to millions of American families seeking wealth management, retirement planning, financial planning and asset management solutions.

*Based on prior business and represents assets that would have been custodied at LPL Financial, rather than third-party custodians. Reported assets and client numbers have not been independently and fully verified by LPL Financial.

**Based on total revenues, Financial Planning magazine June 1996-2020

Securities and Advisory services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC.

Throughout this communication, the terms financial advisors and advisors include registered representatives and/or investment adviser representatives affiliated with LPL Financial LLC, an SEC registered broker-dealer and investment adviser.

Homestead Wealth Management, Gladstone Wealth Partners and LPL Financial are separate entities.

Connect with Us!

Tweets by LPL

https://www.linkedin.com/company/lpl-financial

https://www.facebook.com/LPLFinancialLLC

https://www.youtube.com/user/lplfinancialllc

Media Contact:Lauren Hoyt-Williams(980) 321-1232Lauren.Hoyt-Williams@lpl.com

Read the original post:

LPL Financial, Gladstone Wealth Partners Welcome Mother and Son Team - GlobeNewswire

Fusion Financial Partners Launches Fusion Black Ops as the First Modular Turnkey Solution for Breakaway Advisors – PRNewswire

Posted on December 17, 2020 by Danzig

CARLSBAD, Calif., Dec. 17, 2020 /PRNewswire/ --Fusion Financial Partners has launched Fusion Black Ops, a confidential RIA launch services program designed to support breakaway advisor teams on their transition to independence. Originally built for teams with assets upwards of $1 billion, and now available for teams of all sizes, the turnkey program delivers a complete collection of RIA-focused consultative services including custom-built fintech stack, custodian/broker dealer coordination, compliance, legal referrals, asset mapping, website design, office technology and cybersecurity, launch project management, CTO expert advice and full-service project management.

"We created this for the breakaway advisor who wants to build their own firm. Fusion Black Ops provides a complete solution with only one point of contact," explained Mike Papedis, CEO of Fusion Financial Partners. "With a single phone call, an advisor can begin the process and have the confidence that an experienced team is handling the compliance, custody, IT stack and myriad other details of setting up an independent RIA with confidentiality and anonymity preserved."

The team assembled under Fusion Black Ops has helped over 1000 advisors change firms and successfully launch independent firms. Just since its founding in 2017, Fusion Financial Partners has helped 25 teams make the transition to independence.

Fusion Black Ops systemizes the transition process for advisor teams of any size. Previously, breakaway advisors could try and do it all on their own, an expensive and laborious process that on average takes 18 months to complete or sign on with a national platform requiring a long-term commitment of up to seven years. With Fusion Black Ops, the entire transition can be completed in three months with the advisor free to choose which firms and services to work with going forward.

One of the key advantages of the Fusion Black Ops process is the confidentiality and anonymity it provides. Too often advisors have been forced to accelerate their transition due to being found out through an errant email to the wrong inbox or from working with people who do not understand the importance of discretion of this covert process. Fusion Black Ops protects the anonymity of the transitioning advisor by using blind RFPs and being the sole point of contact between them and custodians, lawyers, IT providers and any other suppliers. The program uses a phone encryption app for communication between the advisor and those running the program that automatically deletes the conversations.

Although created specifically for breakaway advisors, Fusion Black Ops can also be leveraged by existing RIAs and national platforms looking for help in onboarding new teams.

"Black Ops allows advisors to transfer the burden and complexities of transition plans and project management to us", added Kimberly Papedis, President of Fusion Financial Partners. "No matter where they are on their 'road to independence', leveraging our experience in collectively moving over 1000 advisors to independence ensures best practices are employed and, probably even more important, catastrophic mistakes are avoided."

About Fusion Financial Partners Fusion Financial Partners (www.fusionfp.com) is a premier consulting firm specialized in the area of transformative business consulting for RIAs. Fusion acts as an advocate, educator, tactical guide and negotiator for advisor teams and national organizations looking to enter or expand in the independent wealth management industry.

SOURCE Fusion Financial Partners

Home

Original post:

Fusion Financial Partners Launches Fusion Black Ops as the First Modular Turnkey Solution for Breakaway Advisors - PRNewswire

Joy of Giving: Titus ONeil gifts car to Tampa Bay family, helps them gain independence – WFLA

Posted on December 17, 2020 by Danzig

Titus O'Neil, Hyundai of New Port Richey and Metropolitan Ministries made the gift possible

by: Jennifer Peate

TAMPA, Fla. (WFLA) Its agift that will keep on giving.A New Port Richey family receivedalife-changing surpriseonThursday morning.

Gabriel McClain,Larissa Lonesand their three children are one of five families in the Tampa Bay areachosento receive a vehicle right off the lot of a local dealership.

New opportunities are opening for our family, said Lones, through tears of joy.

The car not only gives them independence butitalsoopensnew doorsfor better jobs and a more stable lifestyle.

Both parents have full-time jobs, but like many families this year, they are struggling financially. They couldnt afford a car and dependon others to get to work,gettheir kids to school andrun necessaryerrands.

Not having that stress of depending on Ubers or relying on somebody else,said McClain.

That stress is coming to a screeching halt thanks to local groupsspreading joy this holiday season.Hyundai of New Port Richey, The Bullard Family Foundation, created by WWE superstar Titus ONeil, and Metropolitan Ministries handed over aHyundai Santa Fe to the family of fiveon Thursday morning.

Very special to me because my mother didnt have adequate transportation at all times when we were kids, said ONeil.

Through his foundation, he hopes to steer familieslike the McClains and Lonesstoward financial independence. Transportation, hesays, isone of the key factors. His partners couldnt agree more.

The lack of transportation here in our area with no mass transit, if you dont have a vehicle its tough to get around, its to get a job, its tough to keep that job, saidScott Fink,Hyundai of New Port RicheyCEO.

Adifficulty that Lones and McClain know all too well and are happy to leave in the past.

Were beyond lucky, blessed is the word,said Lones.

An Elixir From the French Alps, Frozen in Time – The New York Times

Posted on December 17, 2020 by Danzig

The secret of Chartreuse has long been the despair of distillers, just as the natural blue of forget-me-nots has been the despair of painters, reads an 1886 document referred to in a recent history of the company and order. Father Holleran spent five years overseeing the distillation process, ordering ingredients and planning its production schedules. When he departed the site in 1990, he became the only living outsider to know the liqueurs ancient formula.

Its safe with me, he said. Oddly enough, they didnt make me sign anything when I left.

This trade secret is both a marketing coup and a potential catastrophe. I really have no idea what it is I sell, a Chartreuse Diffusion president told The New Yorker in 1984. I am very scared always. Only three of the brothers know how to make it nobody else knows the recipe. And each morning they drive together to the distillery. And they drive a very old car. And they drive it very badly.

Beyond the two monks who now protect it, all the others Carthusian or not involved in the production of Chartreuse know only fragments of the recipe.

Inside the Grande Chartreuse, skilled monks receive, measure and sort 130 unlabeled plants and herbs into giant unmarked (or, in 2020, QR-coded) sacks. Then, at the distillery, five non-Carthusian employees work alongside two white-robed monks to macerate, distill, blend and age the liqueur. A computerized system also allows them to virtually monitor the distilling from the monastery.

Along its five-week distilling process, and throughout the subsequent years of aging, those two monks are also the ones who taste the product and decide when it is ready to bottle and sell. They are the quality control, said Emmanuel Delafon, the current C.E.O. of Chartreuse Diffusion.

The order owns the diffusion company almost exclusively, and works with the businesss secular employees, who carry out the tasks too foreign to the orders hermetic vocation.

Its their product, and were at their service, Mr. Delafon said. They need it to maintain their financial independence. They trust us to make the link between monastic life and everything else.

Originally posted here:

An Elixir From the French Alps, Frozen in Time - The New York Times

Harry and Meghan announce Archewell Audio and Spotify deal – Fast Company

Posted on December 17, 2020 by Danzig

The Duke and Duchess of Sussex continue to stack their post-royal family rsum.

Announced today, Prince Harry and his wife, Meghan Markle, signed a multiyear deal with Spotify through their newly formed audio company, Archewell Audio. Through the partnership, the Sussexes will host and produce podcasts that aim to build community through shared experience, narratives, and values.

What we love about podcasting is that it reminds all of us to take a moment and to really listen, to connect to one another without distraction, the Sussexes said in a joint statement. With the challenges of 2020, there has never been a more important time to do so, because when we hear each other, and hear each others stories, we are reminded of how interconnected we all are.

Since stepping down from their immediate duties with the royal family in January and venturing toward financial independence, the Sussexes are charting a clear path in media, first with a significant deal with Netflix and now Spotify.

The Duke and Duchess of Sussex may live in California but the power of their voices rests in their status as citizens of the world, Dawn Ostroff, Spotifys chief content and advertising business officer, said in a statement. That they are embracing the extraordinary capacity of podcasts on Spotify while also seeking to elevate underrepresented voices is a testament to their appreciation for the potential of audio storytelling.

The first complete series from Archewell Audio is expected to drop in 2021. But a holiday special hosted by the couple is slated for later this month.

Continue reading here:

Harry and Meghan announce Archewell Audio and Spotify deal - Fast Company

4 tax strategies to get the best value from real estate over the long term – MarketWatch

Posted on December 17, 2020 by Danzig

Experienced real-estate investors know that finding (and purchasing) the right property is only the first step in a long process for buying an asset that appreciates in value and produces income. Once youve secured that dream investment, youve got to manage it, improve it and, just as importantly, come up with a big-picture tax strategy to protect your profits from Uncle Sam.

This doesnt involve burying cash in your backyard or transferring it offshore. These are simple and perfectly legal ways to structure your investments and cash flow to take advantage of the many built-in advantages that the tax code offers real-estate investors.

1. Change your income

For tax purposes, there are three different kinds of income: earned income, passive income, and investment income.

Earned income (also known as ordinary income) is the money you earn from a business, a job that issues a W-2, or self-employment. This is how most people make most of their money, but it also faces higher tax rates than the other two income types.

Passive income is money earned through cash-flowing investments such as rental properties, REIT dividends, or a number of other sources. Depending on its source, this money is generally taxed at a rate slightly less than earned income and you can reduce your tax liability on passive income through methods such as pass-through entities.

Investment income is the profit you make from selling a property for more than you paid for it. This is taxed as capital gains, which come in two forms: short-term and long-term.

Short-term capital gains are the result of selling a property youve owned for less than a year, and these capital gains are taxed at the same rate as ordinary earned income. Long-term capital gains, however, are assessed when you sell a property youve owned for more than a year, as in a buy and hold strategy, and are taxed at much lower rates (0%, 15%, or 20%) than ordinary earned income.

Once you start making real-estate investments, youll have opportunities to convert your income to the lower-tax types, whether that includes collecting rent through an LLC or using a 1031 exchange (covered below) to defer capital gains. The bottom line is that the more you can move away from ordinary income and start earning passive or investment income, the lower your tax liability will be even as you earn more money.

2. Unleash the power of the 1031 exchange

Lets say you have finished an investment property sale, filled out your sellers net sheet and it looks like you will clear a tidy profit until you get to the capital gains. Capital-gains taxes can take a huge bite out of your investment returns, something any investor hopes to avoid. Luckily, an easier way to defer those capital-gains taxes indefinitely exists.

The 1031 exchange is a semi-obscure provision in the tax code that essentially allows real-estate investors to trade one property for another and defer the capital-gains taxes on the sale.

It works like this: Once you sell your initial investment property, you have 180 days to flip that money into a new one. You can buy a single new property or multiple new properties as long as they add up to the sale proceeds. A few restrictions exist to which type of property you can upgrade.

For example, if you sell a single-family home investment property, you can use a 1031 exchange to reinvest that money in a multifamily rental, a condo you plan to rent or even a commercial property. Youll have to use a specialized intermediary to orchestrate the actual exchange but as long as the transaction takes place within the required time frame, you can defer all capital-gains taxes.

Real-estate investors appreciate 1031 exchanges. In addition to the tax benefits of using a 1031 exchange, the transaction also contains innate financial advantages. In particular, the tax-advantaged nature of 1031 exchanges allow you to maximize your compound interest by removing the tax drag seen on paying capital gains.

Much like investing in stocks, you would pay taxes on each sale. If you can defer taxes and only pay them at the time of sale, you build equity. This allows you to retain this capital and result in long-term appreciation and generational wealth.

You can also use 1031 exchanges repeatedly to defer capital gains through several upgrades of your holdings. For example, you can go from a single-family home to a duplex to a multiunit apartment building to a large commercial property, and each time use a 1031 exchange. When you sell that final property, you will have kept more equity overall, than if you would have had to pay up on the first or second sale.

If a 1031 exchange sounds complex and labyrinthine most of them require the assistance of a real estate attorney the arrangement should not scare you away. Executing a 1031 exchange does not require the expertise of an entire legal team to extract the full savings.

Instead, you can navigate the tax code yourself or use any one of the available online options like Asset Preservation, Inc. for example. These firms, called qualified intermediaries, make a 1031 exchange easy and affordable.

3. Business deductions

This sounds like an obvious one, but many non-investors dont understand just how many business-related tax deductions come available to you once you own real estate.

These deductions include:

Property management fees (property management services charge up to 10% of rents)

Repairs and improvements

Marketing and advertising expenses

Professional fees

Travel

Mortgage interest

Property taxes and insurance premiums

As you can see from this list, these are substantial costs that can add up fast. Youll likely need a good tax professional to take full advantage of all the deductions available to you, but its worth it.

4. Manage properly

Setting up accounts and finding the right person to handle them easily qualifies as one of the least exciting parts of investing. Though, being smart about it can pay huge dividends when April 15 rolls around.

To avoid receiving a high bill from your accountant, negotiate your fees upfront. This will avoid the nasty surprise of an unexpectedly high bill. Further, you should have your accountant commit to some kind of agreed-upon framework to provide better clarity on what you can expect to pay.

Also, with any service you hire, you should also do some comparison shopping to see who has earned the best reviews as well as who offers the best rates. A little time invested upfront can save a lot of time and money in the long run. The same goes for any property manager.

Use taxes to your advantage when investing

Tax strategizing doesnt sound nearly as exciting as a new investment strategy, but it can have a huge impact on your returns and potential to reach financial independence. Converting your income streams to more advantageous income types, using 1031 exchanges to defer capital gains, maximizing your business deductions, and finding and locking in dependable tax accountants and property managers all help optimize your long-term investment value in their own ways.

If you can check off all four of those boxes, youll be surprised how much more of your income stays in your pocket and how much less goes to Uncle Sam.

Riley Adams is a CPA and the author of the Young and the Invested website, which focuses on financial independence and investing.

See original here:

4 tax strategies to get the best value from real estate over the long term - MarketWatch

The fallout from the financial regulator’s shocking failure on LC&F is not over yet – The Guardian

Posted on December 17, 2020 by Danzig

Governors of the Bank of England do not apologise often, even for events that took place in their last job, but the London Capital & Finance scandal is shocking. It is probably the worst case of financial regulatory failure since the banking crisis more than a decade ago.

And it happened on the watch of Andrew Bailey, the chief executive of the Financial Conduct Authority from 2016 until March this year, when he switched to Threadneedle Street. Yes, Thursdays personal apology was necessary.

More than 11,600 individuals who invested 236m lost three-quarters of their savings after being enticed by wild promises of fat but safe returns that a competent regulatory body would have banned the moment it spotted them. Instead, the shambles rolled on for three years until the FCA finally acted in December 2018.

Dame Elizabeth Glosters report for the Treasury was a scorcher. The FCA did not effectively supervise and regulate LC&F. The regulator did not appreciate the significance of an ever-growing number of red flags, which were indicative of serious irregularities. Investors were entitled to expect, and receive, more protection.

Gloster gave short shrift to the idea that the FCA was somehow handicapped because LC&F, though authorised by the regulator, conducted its wheeze in the non-regulated world of minibonds. The problem, says the report, was the FCAs flawed approach at the perimeter of regulatory boundaries. She pinned responsibility for the perimeter failure on the executive committee and Bailey as chief executive.

She was also disappointed by attempts, including from Bailey, to delete references to responsibility resting with identified FCA officials. It is difficult to see why individuals willingness to take on challenging tasks in public bodies should absolve them from accountability, says the report. Quite.

For all that, three factors will probably prevent Baileys position at the Bank coming under serious pressure. First, Glosters report also makes clear that Bailey inherited a shambolic setup at the FCA in 2016. That is an important point: he did improve the place.

Second, the pong from LC&Fs collapse was already strong when Bailey was named governor a year ago; Sajid Javid was chancellor at the time but everybody knew Glosters report might be as damning as it has turned out to be. Third, the governor hasnt obviously put a foot wrong at the Bank during the pandemic.

One cannot guarantee, though, that Bailey is safe. Against expectations, this 500-page report is commendably strong. The fallout will not be a one-day affair.

Stock markets have had a rip-roaring time since Pfizer and BioNTech came up with vaccine goods in early November. Instead of sitting sub-6000, the FTSE 100 is at 6550, and the FTSE 250 index, with a heavier weighting of domestic UK stocks, has done even better. But have the independent directors of TalkTalk noticed this big shift in valuations?

Its a relevant question because theyve just agreed to recommend a take-private offer at 97p a share from Toscafund, the companys second largest shareholder, which now has TalkTalks executive chairman and 29% owner, Sir Charles Dunstone, in tow.

The 97p price, or 1.1bn, is exactly the same as indicated by the bidder in its approach on 7 October and, even at the time, it looked light. The takeover premium was 16% to the share price the previous day. More than two months later, the offer seems plain mean.

Its hard to compare TalkTalk with other telecom stocks since the company occupies a unique position at the bargain end of the market but BTs share price, for example, has improved by a third since 7 October. TalkTalk, one can speculate, might have got close to 97p under its own steam by now.

Was the independent directors negotiating hand really so awful? Well, the formal documentation was stuffed with commercial reasons to capitulate. A rough summary: the stock market hates us, we cant raise the funds to invest in the fast-fibre revolution, so were better off private. And, up to a point, one might agree.

But the price of surrender matters and 97p feels miserable. TalkTalk, remember, turned down 135p from Toscafund only a year ago.

Half of TalkTalk directors were offside in an independence sense and so couldnt opine on the fairness of the offer. Aside from Dunstone, four people are joining the Tosca crew: his old mate, Roger Taylor; TalkTalks chief executive, Tristia Harrison; its deputy chairman, John Gildersleeve and the company secretary, Timothy Morris. Collectively they are referred to as the rollover management shareholders.

TalkTalks minority shareholders may indeed feel they have been rolled over.

Meghan wanted to bring in tens of millions of dollars quickly in new Harry venture – Express

Posted on December 17, 2020 by Danzig

Meghan Markle and Harry to be busy stateside with new project

Meghan and Harry spent less than two years behind the royal frontline as a married couple before they decided to officially leave the Firm and seek financial independence. Within months of their departure, they have secured a megawatt production deal with streaming giant Netflix and a multi-year podcast contract with Spotify. With an estimated 30million ($40million) in their pockets through the Archewell Audio podcast and a reported 74million ($100million) from Netflix, Sussex fans have claimed that the couple have succeeded in their post-royal life goals already.

While these deals have astonished many royal watchers, a glance back at the Sussexes working holiday in Canada a year ago shows they may have been laying the groundwork long before the public realised.

The couple left the UK in November last year for an extended break on Vancouver Island, and decided to break tradition by spending Christmas away from the rest of the royals.

While out there, Meghan was said to be launching the US arm of their charity Sussex Royal.

Although that particular venture was wound down as the Queen stopped them from using the word royal after leaving the Firm, the Sussexes are still thought to be working with the same publicist Meghan met up with while in Canada.

Keleigh Thomas Morgan is a director at the PR firm Sunshine Sachs and was supposed to be helping Meghan with a fundraising campaign.

However, the PR company was still paid privately according to reports at the time which could have been an early indication that the couple wanted to move away from the Palace and its Sovereign Grant.

An insider told journalist Erin Vanderhoof: What is most interesting is that Meghan feels that while the charity [Sussex Royal] will be a worldwide venture, she sees Hollywood and American business circles as key to fundraising.

Meghan feels that focusing on fundraising stateside will bring in tens of millions of dollars quickly.

Indeed, now Meghan and Harry have returned to the Duchess' childhood state of California, many British fans believe they have turned their focus fully onto the American audience.

The couple seemed to be organising their future, even though it was widely assumed they were having a non-working break with their young son Archie Harrison.

This sabbatical followed Meghan's public confession that she was struggling with the limelight.

READ MORE:Meghans misery at Frogmore Cottage preceded 'Eugenies departure

Speaking in the ITV documentary, Harry and Meghan: An African Journey, the Duchess of Sussex said: Not many people have asked if Im OK its a very real thing to be going through behind the scenes.

But now, this bombshell interview from October last year can be seen as the first indication that the couple intended to leave the Royal Family in the near future.

Ms Vanderhoofs source also illuminated Meghan's goals when they first went to Canada.

They said: Even in her younger years in Hollywood, she wanted to work towards creating an international charity changing lives.

Now that she has the platform and profile of being a British royal she can truly build this plan.

She sees this foundation as one of the key factors in creating a legacy as a new royal and Harry is right behind her.

DON'T MISSKate and William move into Meghan and Harrys territory with TV bid[INSIGHT]Meghan Markle hesitated before heartfelt speech over criticism fears[EXPLAINED]Monarchy could not survive end of Queen's reign without tax break[EXPOSED]

Speaking to Vanity Fair, the insider added: "While Harry and Meghan are technically on rest, she is not the type of woman who likes doing nothing."

Although the couple have left Sussex Royal Foundation behind, they are expected to launch their charitable venture Archewell at some point next year.

Its name chimes in with the name they chose for their podcast series, and is expected to give some insight as to what their new foundation will focus on.

However, now that the Duke and Duchess of Sussex are no longer working as senior royals, they have to support themselves.

There was a huge uproar before they repaid the 2.4million they spent renovating Frogmore Cottage to the Sovereign Grant.

They are also believed to have stopped receiving an allowance from Prince Charles private income.

Their new sprawling 11million mansion in Santa Barbara is expected to have extensive running costs, too.

Royal watchers have therefore been keeping a keen eye on their finances.

See more here:

Meghan wanted to bring in tens of millions of dollars quickly in new Harry venture - Express

Chase Digital’s Allison Beer On Disruptive Trends, Digital Banking And Investing – Benzinga

Posted on December 17, 2020 by Danzig

The coronavirus pandemic accelerated digital finance trends.

Thats according to Allison Beer, the head ofChase Digital, JPMorgan Chase & Cos (NYSE: JPM) digital banking and innovation arm.

Over her career in financial services at American Express Company (NYSE: AXP), in addition to other startups and nonprofits, the Yale University alumnus witnessed and acted on disruptive trends firsthand.

Digital banking is top of mind for Chase, she said.

My team spans everything from payments, to all of our digital products and channels, she said of producing inclusive technologies alongside a diverse group of talent.

The focus for us is just what are the trends that customers are embracing, and how do we apply them to our business?

Disruptive Trends: In a Dec. 15 report on digital banking attitudes, Chase highlighted the pandemics impact on financial wellness initiatives.

Most notably, eightin 10 customers changed their approach to finance substantially as a result of COVID-19. Consumers are reviewing their finances frequently, in addition to spending less and saving moreoverall.

Though accelerated by COVID-19, that particular trend was permeating for a while, in light of the fintech revolution thats increasingly engaged people in their finances.

Beer praisesemerging fintech solutions, but saidthat in the end, consumers are looking for holistic, broad-based andpackaged solutions.

We can all be delighted by new innovations, but do they have the staying power? Is it really serving the primary needs of customers?

Consumers demand that trusted institutionslike Chaseprovide low-cost, personalized financial experiences, Beer said.

Theres a lot of self-service customers wanting to be able to do digitally things they werent able to do before, she said.

For any of us who are really trying to delight customers this year and next, we must focus on things like automation, making it incredibly easy for them to manage their finances.

Using intelligent methodologies, Chase will unpack customer data and deliver spending, saving, credit, and investing insights that customers can then act on, all in one place, she said.

The focus is removing any of those remaining barriers so that our products work seamlessly, together, Beer said of Chases core differentiator. Customers can have access to all their information in one place.

As a case in point, Chase has amobile platform with which customers can monitor their daily spending habits and trends via Todays Snapshot,accept offers and manage loans, cards, accountsand investments.

What we have is the complexity of a full-breadth of financial solutions, and personalization is really key for that to be a full experience, Beer said.

The Chase Mobile App is truly customized to you ... and there isnt friction or features that are not relevant.

Upon entry, users are greeted with personalized spending insights and tips. From there, users can manage accounts or automate other aspects of their financial journey.

For us, its about auto-paying, -saving, -investingand really helping as many customers as possible take the friction out of managing their finances. In many ways, it sets them up for healthy financial habits.

Chase's Platform For Digital Innovation: Given that four out of five Chase customers look to manage their finances digitally, Beer said the bankis looking to ramp up its digital innovation.

What were hearing from customers now is that they want things to be easier, she said. Our focus should be on simplification, and continuing to make financial services work better for customers, and to really help them with the tools and advice that surround those financial services.

Chase is looking to exercise its foundational capabilities and make new digital investments in offering added solutions like Chase Business Complete Banking, a product that allows small businesses to better manage their business, and You Invest.

They can get a credit card, a checking accountand start accepting payments, all with the same products. Similarly, we have our Chase First Banking, which allows parents to have the tools to help educate their kids on good financial habits, Beer said.

Overall, at Chase, all communities of consumers and households can expect a clear shot at financial independence.

"Were just very focused on making sure that we are serving every household in America," Beer told Benzinga.

View original post here:

Chase Digital's Allison Beer On Disruptive Trends, Digital Banking And Investing - Benzinga

Ethereum, Litecoin, and Ripples XRP Daily Tech Analysis December 17th, 2020 – Yahoo Finance

Posted on December 17, 2020 by Danzig

Ethereum

Ethereum rallied by 8.30% on Wednesday. Following on from a 0.46% gain on Tuesday, Ethereum ended the day at $637.98.

A bearish start to the day saw Ethereum fall to a mid-morning intraday low $581.21 before making a move.

Steering clear of the first major support level at $579.81, Ethereum surged to a late intraday high and a new swing hi $639.58.

Ethereum broke through the days major resistance levels and the previous current years high of $636.53.

In spite of a partial pullback, Ethereum held well above the third major resistance level at $624.20.

At the time of writing, Ethereum was up by 1.03% to $644.56. A mixed start saw Ethereum slip to an early morning low $637.50 before striking a morning high and a new swing hi $645.59.

Ethereum left the major support and resistance levels untested early on.

Ethereum would need to avoid a fall through the pivot level at $619.59 to support a run at the first major resistance level at $657.97.

Support from the broader market would be needed, however, for Ethereum to break through to $650 levels.

Barring another extended crypto rally, the first major resistance level would likely cap any upside.

In the event of another extended crypto rally, Ethereum could test resistance at $680 before any pullback. The second major resistance level sits at $677.96.

Failure to avoid a fall through the $619.59 pivot would bring the first major support level at $599.60 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$590 levels. The second major support level sits at $561.22.

First Major Support Level: $599.6

Pivot Level: $619.59

First Major Resistance Level: $657.97

23.6% FIB Retracement Level: $508

38.2% FIB Retracement Level: $426

62% FIB Retracement Level: $294

Litecoin surged by 14.25% on Wednesday. Reversing a 1.24% fall from Tuesday, Litecoin ended the day at $93.02.

It was also a bearish start to the day. Litecoin fell to an early morning intraday low $78.43 before making a move. The reversal saw Litecoin fall through the first major support level at $79.49.

Story continues

Finding late morning support, however, Litecoin surged to a late intraday high $93.30.

Litecoin broke through the major resistance levels and held onto $93 levels at the day end.

At the time of writing, Litecoin was up by 0.43% to $93.42. A mixed start to the day saw Litecoin fall to an early morning low $92.89 before rising to a high $94.39.

Litecoin left the major support and resistance levels untested early on.

Litecoin would need to avoid a fall through the $88.25 pivot to support a run at the first major resistance level at $98.07.

Support from the broader market would be needed, however, for Litecoin to break out from $95 levels.

Barring an extended crypto rally, the first major resistance level and the 62% FIB of $100 would likely cap any upside.

In the event of another extended breakout, Litecoin could resistance at $105 before any pullback. The second major resistance level sits at $103.12.

Failure to avoid a fall through the $88.25 pivot level would bring the first major support level at $83.20 into play.

Barring an extended sell-off on the day, however, Litecoin should steer clear of sub-$80 support levels. The second major support level sits at $73.38.

First Major Support Level: $83.20

Pivot Level: $88.25

First Major Resistance Level: $98.07

23.6% FIB Retracement Level: $45.30

38.2% FIB Retracement Level: $71

62% FIB Retracement Level: $100

Ripples XRP jumped by 21.67% on Wednesday. Reversing a 5.85% slide from Tuesday, Ripples XRP ended the day at $0.5701.

Tracking the broader market, Ripples XRP fell to an early morning intraday low $0.43727 before making a move.

Ripples XRP fell through the first major support level at $0.4542 and the second major support level at $0.4396.

Steering clear of sub-$0.40 levels, Ripples XRP rallied to a late intraday high $0.57500.

Ripples XRP broke through the days major resistance levels and the 38.2% FIB of $0.5285 to end the day at $0.57 levels.

At the time of writing, Ripples XRP was up by 0.71% to $0.57416. A mixed start to the day saw Ripples XRP fall to an early morning low $0.56762 before rising to a high $0.58299.

Ripples XRP left the major support and resistance levels untested early on.

Ripples XRP will need to avoid a fall through the 38.2% FIB of $0.5285 and the $0.5275 pivot level to bring the first major resistance level at $0.6176 into play.

Support from the broader market would be needed, however, for Ripples XRP to break back through to $0.60 levels.

Barring an extended crypto rally, the first major resistance level and the 23.6% FIB of $0.6274 would likely cap any upside.

In the event of an extended rally, Ripples XRP could test resistance at $0.65. The second major resistance sits at $0.6652.

Failure to avoid a fall through the 38.2% FIB and the $0.5275 pivot would bring the first major support level at $0.4799 into play.

Barring an extended crypto sell-off, Ripples XRP should continue to avoid sub-$0.40 levels. The second major support level sits at $0.3897.

First Major Support Level: $0.4799

Pivot Level: $0.5275

First Major Resistance Level: $0.6176

23.6% FIB Retracement Level: $0.6274

38.2% FIB Retracement Level: $0.5285

62% FIB Retracement Level: $0.3687

Please let us know what you think in the comments below.

Thanks, Bob

This article was originally posted on FX Empire

Continue reading here:

Ethereum, Litecoin, and Ripples XRP Daily Tech Analysis December 17th, 2020 - Yahoo Finance

Litecoin Price Forecast: LTC on the cusp of an impending correction eyeing $85 – FXStreet

Posted on December 17, 2020 by Danzig

Litecoin has since December 11 sustained an uptrend above an ascending trendline as observed on the 4-hour chart. The recent spike above $90 occurred in tandem with Bitcoins spike to new all-time highs above $22,000. However, it seems LTC may not hit $100 soon due to the possibility of a correction to $85.

Litecoin is trading above the horizontal resistance of an ascending triangle pattern. Such a breakout is expected to pull LTC roughly 23% higher from the x-axis. However, Litecoin appears to have hit a wall at $95, discouraging the bulls from pushing for more gains. The psychological barrier at $100 is yet to be tested.

LTC/USD 4-hour chart

Meanwhile, Litecoin is trading at $91.8 while seeking immediate support at $90. The Relative Strength Index spears to validate the correction as it exists in the overbought area. If the price drops below the triangles x-axis, the bearish formation is likely to extend to the hypotenuse support around $85.

The IOMAP model by IntoTheBlock reveals the presence of a supply barrier that may prevent Litecoin from achieving its potential yearly highs. The seller congestion lies between $93.4 and $96.2. Here, roughly 13,500 addresses previously bought nearly 1.9 million LTC. Note that trading above this zone may catapult LTC to highs past $100, but the least resistance path is downwards until it is broken.

Litecoin IOMAP chart

On the flip side, the next robust support holds the ground between $81.7 and $84.7. Previously, 92,800 addresses had bought approximately 3.8 million LTC. It means that if LTC slides under $90, declines that come into the picture might extend to $85.

Litecoin (LTC) Price Analysis: Rally Reaches Crucial Juncture At $92 – Live Bitcoin News

Posted on December 17, 2020 by Danzig

Litecoin price is up over 10% and it tested the $95.00 zone against the US Dollar, while bitcoin is above $21K. LTC price could correct lower if it struggles near $92.50 and $94.50.

This week, there was a sharp increase in bitcoin, Ethereum, ripple, and litecoin against the US Dollar. Earlier, LTC price formed a strong support base near the $78.30 level before starting the recent increase.

There was a break above the $82.00 resistance level and the price settled nicely above the 55 simple moving average (4-hours). During the rise, there was a break above a key bearish trend line with resistance near $82.10 on the 4-hours chart of the LTC/USD pair.

There was also a break below the $88.00 level and the price spiked above the main $92.50 resistance zone. A high is formed near the $94.53 level and the price is currently consolidating gains.

An initial support on the downside is near the $90.70 level. It is close to the 23.6% Fib retracement level of the recent rally from the $78.30 low to $94.53 high. If there are more downsides, the price could correct lower towards the $86.50 and $85.50 levels.

The 50% Fib retracement level of the recent rally from the $78.30 low to $94.53 high is also near the $86.40 level. Conversely, the price could continue to move up above the $92.50 resistance.

The next major resistance is near the $94.50 and $95.00 levels. A successful close above the $95.00 level may perhaps spark a move towards the $100.00 level.

Litecoin (LTC) Price

Looking at the chart, litecoin price is clearly showing bullish signs below $90.00 and the 55 simple moving average (4-hours). Overall, the price is now facing a strong resistance near the $92.00 and $94.00 levels, but it remains well supported for more gains.

4 hours MACD The MACD for LTC/USD is currently losing momentum in the bullish zone.

4 hours RSI (Relative Strength Index) The RSI for LTC/USD is correcting lower from the 70 level.

Key Support Levels $90.00 and $86.50.

Key Resistance Levels $92.50 and $95.00.

Continued here:

Litecoin (LTC) Price Analysis: Rally Reaches Crucial Juncture At $92 - Live Bitcoin News

Litecoin price needs to climb above this vital resistance level to reach $93 – FXStreet

Posted on December 17, 2020 by Danzig

Litecoin is up by 17% since the last local bottom at $69 established on December 11. The digital asset has established a short-term uptrend and only needs to crack one last resistance level at $84 to aim for $100.

On the 4-hour chart, Litecoin has formed an uptrend after establishing several higher lows and higher highs. Additionally, bulls have conquered the 50-SMA and 100-SMA levels as support,

LTC/USD 4-hour chart

The next hurdle in the way of bulls is the resistance level at $84 which has been tested several times in the past. A breakout above this point would quickly push Litecoin price towards $93 with the potential to aim for $100.

LTC IOMAP chart

The In/Out of the Money Around Price (IOMAP) chart shows almost no resistance on the way up with the most significant level at $84 which gives credence to the bullish outlook above. On the other hand, the IOMAP does indicate Litecoin has a lot of support on the way down from $80.

However, the inability from the bulls to hold the 50-SMA support level could quickly drive Litecoin price to at least the 100-SMA at $78 and as low as $70 in the long-term if selling pressure continues mounting after the initial breakdown.

Litecoin price needs to climb above this vital resistance level to reach $93 - FXStreet

Litecoin On Bearish Momentum: 3.71% Down In The Last 6 Hours – Via News Agency

Posted on December 17, 2020 by Danzig

Litecoin is currently on bearish momentum. At 21:03 EST on Tue 15 Dec, Litecoin is at $79.59 and down by 3.71% in the last 6 hours.

Over the last six hours, Litecoins higher value was $82.54 and the lower value was $79.59.

Over the last twelve hours, Litecoins higher value was $82.54 and the lower value was $79.59.

In relation to Litecoins daily highs, its 5.306% down from its trailing 24-hour high of $84.05

In relation to the Litecoins yearly highs and lows, its 211.263% up from its 52-week low and 14.95% down from its 52-week high.

What is Bitcoin worth? little consensus in fragmented market. According to The Wall Street Journal on Sun Dec 13, "Bitcoin enthusiasts agree the digital currency hit a record recently. ", "Bitcoin and hundreds of other cryptocurrencies trade on independent exchanges around the world. "

JPMorgan says massmutuals Bitcoin foray signals widening demand. According to Bloomberg Quint on Mon Dec 14, "If pension funds and insurance companies in the U.S., euro area, U.K. and Japan allocate 1% of assets to Bitcoin, that would result in additional Bitcoin demand of $600 billion, the strategists said. ", "At the same time, traditional investors like insurers and pension portfolios face regulatory hurdles relating to risk levels and liability mismatches, likely limiting how much they can put into Bitcoin, the JPMorgan strategists wrote."

Litecoin (LTC) Price Near $83.10; Moves Up For the 2nd Consecutive Day, Breaks Above 20 Day Average, in a Downtrend Over Past 14 Days – CFDTrading

Posted on December 17, 2020 by Danzig

The Hourly View for LTC

Last Updated December 15, 2020, 01:016 GMT

At the time of this writing, LTCs price is down $-0.24 (-0.29%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Litecoin closed the previous day up 7.21% ($5.53); this denotes the 2nd consecutive day an increase has occurred. The change in price came along side change in volume that was down 28.17% from previous day, but up 50.84% from the Monday of last week. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since the previous day in terms of percentage price change. The daily price chart of Litecoin below illustrates.

Moving average crossovers are always interesting, so lets start there: Litecoin crossed above its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. It should be noted, though, that a trend in the opposite direction, going down, exists on the 14 day timeframe. This may setup an interesting opportunity for traders looking to buy dips in anticipation of the primary trend resuming. Or to view things another way, note that out of the past 14 days Litecoins price has gone up 8 them.

Go here to read the rest:

Litecoin (LTC) Price Near $83.10; Moves Up For the 2nd Consecutive Day, Breaks Above 20 Day Average, in a Downtrend Over Past 14 Days - CFDTrading

Litecoin (LTC) Closes Last Hour Down $-0.30; 3 Day Up Streak Broken, Price Base in Formation Over Past 30 Days, in an Uptrend Over Past 90 Days -…

Posted on December 17, 2020 by Danzig

The Hourly View for LTC

Last Updated December 16, 2020, 15:17 GMT

At the time of this writing, LTCs price is down $-0.3 (-0.34%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

The end of a 3 day positive run has come for Litecoin, which finished the day prior down 1.2% ($0.99). The price move occurred on volume that was up 27.45% from the day prior, but down 3.42% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 5th for the day in terms of price change relative to the day prior. Lets take a look at the daily price chart of Litecoin.

Coming into today Litecoin is now close to its 20 day averages, located at 79.83 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 30 days Litecoins price has gone up 18 them.

Litecoin (LTC) Closes Last Hour Down $-0.30; 3 Day Up Streak Broken, Price Base in Formation Over Past 30 Days, in an Uptrend Over Past 90 Days -...

Litecoin (LTC) Closes Last Hour Up $0.07; Price Base in Formation Over Past 14 Days, in an Uptrend Over Past 90 Days – CFDTrading

Posted on December 17, 2020 by Danzig

The Hourly View for LTC

Last Updated December 11, 2020, 02:037 GMT

At the time of this writing, LTCs price is up $0.07 (0.1%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on LTC. Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

The choppiness in the recent daily price action of Litecoin continues; to start today, it came in at a price of 74.7 US dollars, down 3.55% ($2.75) since the previous day. The change in price came along side change in volume that was up 4.98% from previous day, but down 14.64% from the Thursday of last week. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 6th since the previous day in terms of percentage price change. The daily price chart of Litecoin below illustrates.

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Also of note is that on a 14 day basis price appears to be forming a base which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 14 days Litecoins price has gone up 8 them.

Over on Twitter, here were the top tweets about Litecoin:

Hey @APompliano, I think itd be awesome if you could get @SatoshiLite on the show to discuss privacy features (confidential transactions) coming towards Litecoin and potentially Bitcoin in the future. Also, why its important.

@litecoin_bull Thank you. Will do what you recommend. No panic here, Christ is with us all the way till the end. I will continue to do my part which is fight as a prayer warrior. We will bring our spiritual enemy to its knees.

You @dbsbank should add #Litecoin! Its market cap is now the 4th. Adding other smaller cap coin but ignoring #Litecoin simply make no sense

Litecoin (LTC) Closes Last Hour Up $0.07; Price Base in Formation Over Past 14 Days, in an Uptrend Over Past 90 Days - CFDTrading

The Best Cryptocurrencies to Invest in in 2020 – Financialbuzz.com

Posted on December 17, 2020 by Danzig

It has been over 10 years since Bitcoin was created. Bitcoin became the most popular cryptocurrency and with this came imitations and spinoffs. As things stand, there are over 7000 different cryptocurrencies. With such a large number, how do investors choose the best one to invest in? Below, we will look at the best cryptocurrencies to buy in 2020, some very popular and some lesser-known.

Bitcoin has dominated the market since 2009 but its history has been eventful, and sometimes worrying. Bitcoin has seen its value rise to almost $20,000 before collapsing to around $3000. However, Bitcoin has bounced back as it always does. Bitcoin accounts for over 55% of the cryptocurrency market and is used everywhere due to how well-known it is as well as it being universally accepted. Bitcoin is also very secure and offers transactional anonymity, which makes it great for things like anonymous donations and playing at bonus bitcoin casinos online.

Bitcoin might be volatile, but being the biggest name in the cryptocurrency market makes it one of the best cryptocurrency assets to invest in, especially if you are new to cryptocurrency investing.

Litecoin was created to help deal with the complex and obscure nature of bitcoin. Its founder Carlie Lee has admitted that Litecoin is the lite version of bitcoin.

Litecoin provides some improvements over bitcoin, including faster transactions and lower system requirements to mine. Users love it because of how easy it is to mine while investors love it for faster transactions and being as well-known as Bitcoin.

Ethereum is another popular Bitcoin alternative with a massive following and a large ecosystem in the cryptocurrency world. Ethereum is seen as the alt-coin with unlimited potential, and this is why it is well-liked by investors.

Ethereum has been performing really well since it entered the market and although its value has remained low over the years with occasional spikes, it is getting stronger and, much like Bitcoin, the best time to invest is just before a huge spike happens.

Bitcoin is built using blockchain technology that stores transactional information in blocks. As Bitcoin became popular, these blocks filled up and transactions became slower. A proposed solution was to reduce the amount of data needed for each block, but some thought this would compromise cryptocurrencies that do this.

This second group created Bitcoin Cash. The main advantage of this cryptocurrency is that it uses bigger blocks, meaning transactions are faster, more frequent, and often attract lower fees. The main advantage Bitcoin Cash has over its rivals is its scalability. This provides massive growth potential, making it a lucrative investment for anyone looking to invest in cryptocurrency.

NEO is an open-source cryptocurrency from China. NEO is designed to make the digitisation of real assets easier so as to promote the adoption of cryptocurrency in the world.

NEOs value has been on the rise since March 2020 and has surpassed predictions set by market experts. It has already reported positive results in the first half of 2020, making it a worthy investment.

Investing in cryptocurrency is a lot different from traditional investing due to the sheer number of options available. However, if you look hard enough, you will find some cryptocurrencies worth investing in.

Litecoin Fdn. Partners With Hub to Deliver Virtual & Hybrid Events – Ethereum World News

Posted on December 17, 2020 by Danzig

Quick take:

The Litecoin Foundation has announced a partnership with Hub that will deliver virtual and hybrid events to the crypto industry. According to the official announcement, the partnership is geared towards catering for the over 1,000,000 Litecoin members spread across the world and to increase interactions between them.

Such virtual and hybrid events are particularly important during the current COVID19 times where social distancing is highly advised. The Managing Director of the Litecoin Foundation, Charlie Lee, further emphasized this via the following statement.

Withthepandemicstillaffectingtheglobe,weweresearchingforaplatformthatcouldeffectivelydelivervirtualeventsforourglobalcommunity.WeareexcitedtopartnerwithHubtocontinuetoengagewithourcommunityinanewandevenmoreengagingway.

The Founder of Hub, Eric Ly, further explained that the Litecoin global community will get rewarded for meaningful and trustworthy interactions.

HubalsoenablestheglobalcommunityoftheLitecoinFoundationtointeractandrewardsmembersformeaningfulandtrustworthyinteractions.

To kick things off, both teams at the Litecoin Foundation and Hub have created the Litening Series of Events with the main focus on delivering news and bringing the community together. The most recent Litening Event discussed various Litecoin developments including, the LTC Visa Card, the progress of MimbleWimble and more.

The Hub is a crypto-based community platform that rewards users for their trustworthy engagement. It also helps these communities by providing portable and verified identity profiles based on interactions with other users.

Hub token is the native digital asset of Hub and is used to provide incentives for promoting trust between users. Users can earn Hub tokens for the activities in the network that also create reputation data. More on Hub and the Hub Token can be found on the projects white paper.

At the time of writing, Hub token is available for trading on Bitcoin.com and will soon be available on HitBTC.

Continued here:

Litecoin Fdn. Partners With Hub to Deliver Virtual & Hybrid Events - Ethereum World News

Everything you need to know about the Hubble Space Telescope – BBC Focus Magazine

Posted on December 17, 2020 by Danzig

Launching into Earth orbit 25 April 1990, The Hubble Space Telescope has been observing the distant Universe for over 30 years.

Designed to examine ultraviolet, visible, and infrared light waves, the solar-powered space telescope collects about 40,000 times more light than the human eye.

This has allowed Hubble to capture some of the most awe-inspiring photographs known to humankind, including images of remote tadpole galaxies, star births, nebulae and supernovae.

But despite all its amazing discoveries, you may have several questions about this technological marvel. Questions like How far can the Hubble Space Telescope see?, How big actually is it? and What will replace it?.

Find out the answers (and else everything you need to know about the NASA satellite) below.

The furthest galaxy ever observed by the Hubble telescope is the GN-z11 galaxy, about 13.4 billion light-years away.

As the galaxy is so far away and light can only travel so fast (299,792,458 meters a second), Hubble is effectively looking back in time when viewing very distant objects.

Although Hubble viewed GN-z11 as it was about 13.4 billion years ago, the galaxy will now be located around 32 billion light-years from Earth owing to the Universes expansion.

Weighing 11,110 kg (just less than two African elephants), the Hubble Space Telescope is about 13.2m long about the length of a bus.

The telescope relies on a huge 2.4m (7.8 ft) mirror to make its observations. When first launched, a tiny flaw in this mirror meant Hubble could not focus its lens, with all images captured appearing blurry.

Fortunately, three years later, in December 1993, the telescope was repaired by the Space Shuttle Endeavour crew across 11 days and five spacewalks. (You can listen to our podcast with the Kathryn Sullivan, who was part of the mission).

The Hubble Space Telescope orbits 547 kilometres (340 miles) above Earth and travels 8km (5 miles) every second. Inclined 28.5 degrees to the equator, it orbits the Earth once every 97 minutes.

Its possible to track the Hubble Space Telescopes location in real-time here.

Through its 30+ year mission, the Hubble Space Telescope has taken more than 1.4 million observations, with 16,000 studies using this data.

The telescope has brought light to the causes of gamma-ray bursts,how planetary collisions work,the expansion of the Universeand evenhidden dark matter.

Hubble is also credited with discovering Plutos two moons (Nix and Hydra), and how nearly every major galaxy is anchored by a black hole at its heart. The telescope has also increased our understanding of the Universes age, the atmosphere of exoplanets and how galaxies evolve.

The telescope is named in honour of Edwin Hubble (1889-1953), an astronomer who discovered many galaxies beyond our own using a telescope in California in the 1920s.

He is often credited as the man who confirmed the Universe is expanding, a finding that was announced in 1929.

Dr Edwin Hubble by the Schmidt Photographic Telescope in 1949 Getty

As it doesnt have its own propulsion system, the Hubble Space Telescope is actually falling back to Earth. But very slowly: a report from September 2018 predicts a Hubble re-entry no earlier than 2027. The mean date is around 2038.

However, its successor, the James Webb Telescope (fitted with a 6.5-metre lens) is planning to be launched in 2021.

Read more about the Hubble Space Telescope:

Original post:

Everything you need to know about the Hubble Space Telescope - BBC Focus Magazine

Select Page ::