Tag Archives: money

Pound euro exchange rate ‘quiet’ as June 21 decision looms – travel money advice

The transport secretary defended the decision as a “safety-first” approach.

Mr Shapps told BBC News: “I want to be straight with people, it’s actually a difficult decision to make, but in the end, we’ve seen two things really which have caused concern.

“One is that the positivity rate has nearly doubled since the last review in Portugal, and the other is that there’s a Nepal mutation of the so-called Indian variants which has been detected.”

He added: “We just don’t know the potential for that to be a vaccine defeating mutation and simply don’t want to take the risk, as we come up to June 21.”

With so much uncertainty surrounding whether or not other popular holiday destinations will make the green list in future, experts have cited caution over exchanging travel money.

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This post originally appeared on Daily Express :: Travel Feed

Microsoft is literally giving you money to use its Edge browser

For almost a decade now Google Chrome has been the world’s most popular browser. Back in May 2012 Chrome overtook Internet Explorer as the number one web browser, and since then has never looked back – going from strength to strength to command a frankly ridiculous lead. According to NetMarketShare stats, last month Chrome had a staggering 69.51 percent chunk of the browser market.
But for the first time since moving into top spot, Chrome may be facing the biggest challenger to its throne in the shape of Microsoft Edge.

The Windows 10 makers have been on a huge offensive to make Edge a Chrome contender ever since the launch of the Chromium-powered version last year.

Besides dropping support for Legacy Edge, as well as Internet Explorer in the future, Microsoft has regularly been adding to the Edge experience with feature-packed updates often.

As it stands Edge is the second most popular browser in the world, holding an 11.57 percent slice of the market at last count.

This is compared to 7.76 percent a year ago.

READ MORE: Windows 10’s first blockbuster update of the year is out now

If you haven’t been tempted to join the growing number of people using Edge for their web surfing needs, then Microsoft’s latest scheme might be enough to make you cross over. The Redmond-based tech giant is literally offering people money to use its Edge browser. This is thanks to cashback rewards that will be offered via Bing Rebates, which is coming to Microsoft Edge.

As reported by MSPoweruser, the arrival of Bing Rebates on Edge means people shopping on Bing.com will be able to earn cashback from over 1,200 retailers. Edge users will also be able to shop from over 300 retailers directly earn cashback. To activate the feature, you’ll have to sign in to your Microsoft Rewards account and have Bing Rebates enabled.

You will then be able to view available Bing Rebates by clicking on a blue tag that appears in the address bar on Microsoft Edge. Sadly, while the Microsoft Rewards scheme is available in the UK – Bing Rebates is not.

At the moment this feature, which only just launched in October, is solely available in the US.

Seeing as the feature is relatively, hopefully Microsoft will rollout the money saving tool to other regions in future.

In a blog post describing how Bing Rebates works, Microsoft said: “Bing Rebates, a feature that makes earning cash back easy, is now live in the U.S.! Shoppers on Microsoft Bing can find deals easily from participating merchants right from the search results page. You no longer have to look for cashback offers across multiple websites; now, when you search for products, brands or categories, you’ll see great Bing Rebates offers right in the search results.

“Getting Bing Rebates on your purchases is easy. All you have to do is sign in to Microsoft Rewards, search for a product like you normally would, and click on a search result with a cashback offer. You’ll see confirmation about the Bing Rebates offer being activated. Once you land on the merchant page and complete your purchase, you will receive a confirmation email within two to three days about the cashback earned. After 90 days, if the merchant confirms your purchase, you can transfer the cashback you earned via PayPal. You need to join Microsoft Rewards in order to cash out your earnings.”

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This post originally appeared on Daily Express :: Life and Style Feed
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'Sturgeon hates everything British!' Britons encourage Boris to cut off London money tap

Addressing a press conference on Friday Ms Sturgeon refused to use the widely deployed term “Indian variant” for the new coronavirus strain. Instead, she insisted on calling it the “April 02” strain but proceeded to mention the “Kent variant” shortly afterwards.

Ms Sturgeon commented: “At this stage, and this is something that we have to remember, less than half of the adult population has had both of the vaccine doses.

“We have reason to believe that it might be more transmissible than the Kent variant which spread so rapidly, you will recall, over the winter period.”

Express.co.uk readers hit back accusing the first minister of double standards.

One commented: “Police Scotland needs to investigate Sturgeon using her own hate crime bill.

“This anti-English sentiment does not reflect what Scottish people feel, especially since many of us live and work in England and have family in England.

“She’s a disgrace to the office of First Minister and she should take a leaf out of the books of the Welsh and Northern Ireland leaders.”

Another added: “Since gaining another term as FM [first minister] she has become more nonsensical than before.

“Oh how she hates everything English and British, yet she loves money from Westminster.

READ MORE: Sturgeon’s indy dream helped by Supreme Court after Brexit meddling

It followed Holyrood elections earlier this month which saw the SNP fall one short of a majority.

The SNP are demanding another referendum on taking Scotland out of the UK.

They have a good chance of getting legislation demanding this through the Holyrood parliament with support from the Greens.

However, Boris Johnson is urging Ms Sturgeon to focus on Scotland’s coronavirus recovery.

Scottish Conservative leader Douglas Ross insists the SNP don’t have a mandate for another referendum.

Following the result, he commented: “We have built a brand, a pro-UK movement, that is bigger than any one person.

“The Scottish Conservative and Unionist Party is going from strength to strength.

“We promised that if pro-UK voters united behind us, we would stop an SNP majority. We did it.

“We promised to stop indyref2 – we have.”

In total more Scots voted for pro-UK parties than nationalist ones in the constituency vote.

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This post originally appeared on Daily Express :: UK Feed

Musk says he supports crypto in battle with fiat money

Musk says he supports crypto in battle with fiat money© Reuters. FILE PHOTO: A representation of virtual currency Bitcoin and U.S. One Dollar banknotes are seen in front of a stock graph in this illustration taken January 8, 2021. REUTERS/Dado Ruvic

(Reuters) – Tesla (NASDAQ:) Inc Chief Executive Officer Elon Musk tweeted on Saturday that in a battle between fiat and cryptocurrencies, his support is with crypto.

“The true battle is between fiat & crypto. On balance, I support the latter,” he said https://twitter.com/TheRealShifo/status/1396034017179406338 on Twitter in reply to a user who asked him what his thoughts were about people who were angry at him because of crypto.

Musk has previously compared bitcoin to fiat money and often tweets about cryptocurrencies that have sent values for bitcoin and the meme digital currency dogecoin up and down.

In February, bitcoin shot higher after Tesla revealed it had bought $ 1.5 billion of the cryptocurrency and would soon accept it as a form of payment for cars.

However, bitcoin slumped after the billionaire announced in May that Tesla would no longer accept bitcoin for car purchases, citing long-brewing environmental concerns for a swift reversal in the company’s position on the cryptocurrency.

Earlier this month, he also called the cryptocurrency a “hustle” during his guest-host spot on the “Saturday Night Live” comedy sketch TV show, leading prices to tumble.

Two days ago, Musk assured that he has not sold any of his dogecoin holdings and will not sell any. https://

X: Therefore doesn`t .

Author: Reuters
This post originally appeared on Stock Market News

Why should Americans go back to work when they can get free government money? – Max Keiser

The continuing printing of money by the US Federal Reserve and government handouts of free cash are now causing a severe worker shortage in the United States, says Max Keiser of RT’s Keiser Report.

According to him, the US government transfer payments are now equivalent to more than $ 16 an hour, double the minimum wage.

Max asks David Morgan of TheMorganReport.com why anyone should go back to work if they continue to get this free money.

Morgan says there’s a direct correlation between the debasement of the currency and the debasement of the moral structure of society.

“Who would want to work for eight dollars an hour when you’re getting paid sixteen dollars [an hour] not to work?”, he asks.

“It has to do with the morality of the money supply itself – Is the money legit or isn’t it? And I’m going to suck off of whomever is printing this stuff until it fails.”

For more stories on economy & finance visit RT’s business section

Author: RT
This post originally appeared on RT Business News

Pound to euro exchange rate: Sterling had a 'poor' day yesterday – travel money latest

After being pulled beneath the 1.16 handle yesterday morning, sterling has since not moved much and remained there throughout the day. The pound’s performance today is expected to be the same due to a quiet financial calendar, according to one expert.
Yesterday, Mr Brown explained that sterling was not able to benefit this week from “the broadly weaker dollar to the extent that other core G10s have been able to”.

He predicted a poor performance from the pound, saying: “This morning’s inflation data, although likely to show a spike in UK prices, will largely be ignored given it is skewed by a range of one-off factors.

“Therefore, another rangebound day may lie ahead.”

George Vessey, UK Currency Strategist at Western Union Business Solutions, also gave his insight on the current pound-euro and pound-dollar exchange rates yesterday.

Mr Vessey said that the pound’s poor performance is due to the euro’s strength as Europe’s economies start to reopen post-lockdown.

However, the UK’s inflation rate has increased in recent months, and if the pound could strengthen if this continues.

“The post-lockdown spending spree in the UK has begun, as the UK’s inflation rate doubled in the month of April,” Mr Vessey explained.

“Consumer prices climbed 1.5% from a year earlier last month following a 0.7% rise in March.

“Sterling’s reaction was generally muted, but it could strengthen if this higher inflation trend persists.”

The Currency Strategist added: “GBP/USD is hovering just shy of $ 1.42 after a strong jobs report hoisted sterling higher yesterday.

“GBP/EUR is back under the €1.16 mark though following broad-based euro strength as European economies continues to slowly reopen.”

So, what does this all mean for your travel money?

The ban on international travel was lifted on Monday, May 17, meaning that Britons are now permitted to holiday abroad.

The UK’s travel traffic lights system means that holidaymakers can travel to “green” countries without having to quarantine on return.

However, travel experts have warned that “extra caution” is due in the coming weeks when booking holidays and swapping travel money.

James Lynn, CEO and co-founder of Currensea, said: “While it’s excellent news international travel is opening up, the proposed traffic light system will mean there will still be an element of disruption this summer, both to travel companies and consumers.

“Extra caution and careful planning will be really important when it comes to planning holidays this year – and keeping abreast of the latest updates will be key.

“Financial safety when travelling must also be top of mind for consumers. Sudden changes and cancellations, which remain likely could put travellers at risk if the right precautions aren’t taken.”

Author:
This post originally appeared on Daily Express :: Travel Feed

DeFi growth helps push crypto’s share of the global money supply above 2%

This year decentralized finance (DeFi) has proven to be a transformative sector for the cryptocurrency ecosystem and it is also making waves in among global financial markets as institutional investors become entranced with the potential to earn high yields on stablecoins, altcoins and Bitcoin. 

While the price action from Dogecoin (DOGE) has dominated the headlines in recent weeks, Delphi Digital has been chronicling the growth of the DeFi ecosystem on the Ethereum (ETH) network which has steadily been gaining strength over the past month.

Ethereum DeFi performance year-to-date. Source: Delphi Digital

According to Delphi Digital researchers, while the majority of growth occurred on Ethereum-based DeFi platforms, protocols across the top ecosystems including Ethereum, BSC, Solana (SOL), Avalanche (AVAX), Polygon (MATIC) and Terra (LUNA) have begun to gain traction and now account for 34% of the total value locked in DeFi.

Multi-chain DeFi total value locked. Source: Delphi Digital

The BSC ecosystem is the second-fastest-growing DeFi ecosystem behind Ethereum, thanks in part to its connection with the Binance ecosystem which has immense resources to help get its native protocols off to a strong start.

Venus (XVS), PancakeSwap (CAKE) and PancakeBunny (BUNNY) are the three top DeFi protocols on the BSC and the total value locked on the network totals $ 49.1 billion.

Total value locked in DeFi on the BSC. Source: Defistation

Collectively, all layer-1 ecosystems have now surpassed $ 130 billion in cumulative total value locked (TVL).

Stablecoins form the foundation

According to Delphi Digital, DeFi native stablecoins have played a major role in the growth of the ecosystem and now account for nearly $ 10 billion of the total market cap.

Dai’s (DAI) circulating supply recently surpassed the $ 4 billion mark to establish itself as the largest DeFi stablecoin, while UST is a rapidly rising challenger fr the Terra ecosystem.

DeFi stablecoin market caps. Source: Delphi Digital

From a wider market perspective, the growing circulating supply of the top stablecoins projects (USDT and USDC) has further helped to boost the value of the crypto sector as a whole by providing a simple way for new funds to enter the market.

To highlight the significance of the growth in the cryptocurrency ecosystem, Delphi Digital points to the global M2 money supply, the broadest definition of the money supply.

Cryptocurrency percentage of total global money supply. Source: Delphi Digital

Due to gains made across the cryptocurrency ecosystem since mid-2020, the cumulative market cap of the crypto market is now more than 2% of the global M2 money supply with Bitcoin (BTC) alone accounting for 1%. Collectively, the rest of the crypto market accounts for about 1.2% of the global money supply.

As signs of increased cryptocurrency adoption arise on a near-daily basis, like the May 6 revelation that Goldman Sachs had launched a crypto trading desk, it’s likely that the amount of funds locked in DeFi will continue to rise alongside crypto’s share of the global money supply.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.