CNN

CNN

Ambani’s wedding kicks off in India this weekend. Here’s who will be at the star-studded event

Mukesh Ambani’s youngest son is set to tie the knot this weekend after months-long wedding celebrations. Here’s what you need to know.

CNN

Delta says the Olympics will cost it $100 million as travelers skip Paris

Delta says travelers are opting for other destinations or booking outside of the dates of the Olympic Games.

CNN

Samsung launches the Galaxy Ring — a first-of-its-kind product for the tech giant

The Samsung Galaxy Ring has the ability to track various health metrics such as heart rate and sleep.

CNN

Singapore state investor Temasek to focus on early adopters of AI in the U.S.; cautious on China

The state investor said that the U.S. will still be the largest destination for its capital, although it is also looking to increase its focus on India and Japan.

CNN

India’s Modi to meet Putin in Moscow as both sides seek to forge deeper ties

The meeting is significant as it’s India Prime Minister Narendra Modi’s first bilateral trip overseas since he was reelected for a rare third term in June.

CNN

Take a peek inside the apartment of a 28-year old who left America and moved to Thailand. He pays $544/month. Paul Lee went on vacation in Thailand, April 2021. Paul Lee decided five months later to move permanently to Thailand. Lee was originally from Georgia and lived in New York City. He earned around $1,000,000 a year through his online business. The 28-year old, who had made enough money to cover his parents’ retirement, told CNBC Make It that despite being able to support them, he felt depressed and needed to change. When I arrived in Thailand for the first time, I felt renewed. “I felt as if it were a new beginning, because everything was brand new. The more time I spend here, the more in love I become with this city. Lee relocated to Bangkok in Thailand, 2021. Marc Aziz Ressang, CNBC Make It Documents reviewed show that Lee, who moved to Bangkok in 2010, has earned around US $150.000 a year working as both a real estate agent and a content producer. Lee’s experience in the real estate industry helped him find various living arrangements, such as luxury condos in Bangkok. Lee’s apartment is in Thonglor, a neighborhood that Lee calls “the Soho” of Bangkok. Rent for a unit measuring 650 square feet costs around USD 544 per month. Lee pays an additional $20 per month for Wi-Fi and $80 per month for electricity. He also spends $3 on water. Lee’s apartment was furnished and has access to amenities such as a swimming pool and gym. Lee spends around $544 per month on his one-bedroom apartment in Bangkok. Marc Aziz Ressang, CNBC Make It Lee was required to put down a deposit equal to two months rent, or $1,088. Lee spends more than $500 per month in food despite the lower prices of groceries. Lee admits that the food was also good in New York City, but in Thailand it is a whole lot better, more authentic, more spicy, and more locally produced. Lee’s other costs include a $93 gym membership, which is quite a big expense considering that he has access to the gym within his building for free. Lee finds the price worth it because he has access to the coffee and co-working area, as well as numerous networking opportunities. The price of his gym is also nothing in comparison to the luxury gyms like Equinox that can cost as much as $240 per month. CNBC Make It reports that Lee left America due to his materialistic nature and the “unique, dogmatic, and hyper-aggressive” environment he lived in. Marc Aziz Ressang, CNBC Make It Lee only visited the U.S. once since moving to Thailand, and that was to attend his sister’s marriage. CNBC Make It reports that he left New York City due to his feeling of being overly materialistic. He also felt the environment was “extremely individualistic, dogmatic, and hyper-aggressive.” Bangkok was a city that I found very interesting. It was very enjoyable. Lee: “It seemed affordable, and I thought it had a good culture. There were no major compromises.” Lee says he has built a life in Thailand and that he doesn’t see himself returning to America anytime soon. Lee said, “It took me a long time to discover that all the wealth I had amassed didn’t provide me with what I desired and did not give me satisfaction.” Lee’s Korean parents visited him at least three times a year since they moved from Thailand to South Korea. Paul Lee His parents, initially surprised that he had moved so far away, followed in his footsteps and moved to South Korea. Lee also travels with them to visit his parents in Bangkok. Lee says that it is one of the greatest perks to his new life as a Thai. He added, “At this point, although I make less money than I did in New York City I’m far more wealthy in terms my happiness, well-being and peace.” These are things that I was never able to accomplish back in the States. The OANDA rate for 1 Thai Baht = 0.02 US Dollars on July 1, 2020 was used. The amounts have been rounded up to the nearest $1. Learn how to become a confident and successful communicator with CNBC’s online course, Become an effective Communicator: master public speaking. You’ll learn how to communicate clearly, confidently and calm your nerves. We will also teach you what not to say as well as body language to create a good first impression. Use code EARLYBIRD to get a 30% discount on your first order until July 10th, 2024. Sign up to CNBC Make It’s Newsletter for tips on how to be successful at work, in your finances and life. Paul Lee,

Paul Lee left New York City for Bangkok three years ago. He is a content creator and real estate agent in the city.

CNN

Military chief: Philippines will’respond accordingly’ to Chinese “harassment” in South China Sea

Filipino troops will ‘respond appropriately’ against future harassment from Chinese coast guards at the disrupted Second Thomas Shoal,

CNN

Uber pays record $148 Million for 2016 Data Breach

Uber has agreed to pay $148m in settlement for a data breach in 2016, in which it was accused by the media of deliberately concealing the event.

CNN

Bitcoin companies are in a bad situation to try and go public.
“Where is Bitcoin headed? border=”0″ height=”439″ src=”https://www.udaludul.com/wp-content/uploads/2024/07/the-companies-behind-bitcoin-are-trying-to-go-public-at-a-really-bad-time-1.jpg” width=”780″/>
What is the future of Bitcoin?

Bitcoin’s stock market debut comes at an unfortunate time.

They’re reportedly hoping to raise a href=”https://www.reuters.com/article/us-oil-opec-saudi/saudiarabbiainshorttermoilfixfearsextra u.. supply next year” target=”_blank”>billions of dollars/a>. According to reports, they hope to raise millions of dollars.

Cryptocurrencies are not issued by banks but rather on the basis of computer code. Bitcoin is one example of a cryptocurrency that’s created by computer algorithms solving increasingly difficult math problems.

Bitmain, Canaan and Ebang are all Chinese companies that make money selling high-tech systems and parts to power mining. Together they are the dominant players in this business.

The three companies are operating in an industry that is young and unpredictable, but they plan their Hong Kong IPOs under difficult market conditions. Since December when bitcoin’s price soared up to almost $20,000, has fallen by two thirds. The prices of other cryptocurrencies, like ethereum, have also plummeted.

Bitmain, a Chinese mining equipment manufacturer, warned investors that if the price of cryptocurrency suddenly drops then demand for mining hardware will drop.

Bitmain, the largest bitcoin mining equipment manufacturer in the world.

Hong Kong, the stock exchange where these companies will list, has entered a bear-market in this month. Its previous high was more than 20 percent lower. This is due to concerns over China’s slowing economy and the trade war between the United States and China.

These mining tech companies are yet to announce when they will go public, or the amount they hope to raise. Bitmain, Canaan and Ebang declined to give interviews.

Benjamin Quinlan of Hong Kong’s Quinlan & Associates, a financial services consultancy firm founded by Benjamin Quinlan said that these firms may be trying to sell before the markets take an even deeper nosedive.

He emphasizes that cryptocurrency is slowly becoming accepted by mainstream investors, despite recent failures. The revenues of the three mining firms are also still increasing. The industry is facing major challenges.

One of the most important is how government regulates digital currencies. China prohibited the majority of bitcoin-related activities last year. Authorities are trying to force them out.

Bitcoin miners require large amounts of energy in order to operate their computing rooms around the clock. Some utilities are already charging higher rates for cryptocurrency miners.

Quinlan stated that “increasing the price of mining bitcoin will reduce the demand for equipment and hinder the performance of the companies.”

The mining of cryptocurrencies has become less profitable than in the past.

The demand for Bitcoin has increased dramatically in the last year. The profits are then spread out over a larger number of users. This could affect future mining equipment demand.

How long will the mining boom continue?

According to the documents announcing their intentions to list, Bitmain Canaan, and Ebang all had profitable financial years in their last year.

Leilei Wan, consultant with research firm Kapronasia in Shanghai, said that staying on the right side of the ledger will be “a massive challenge”.

They are aware of their risks and trying to adjust. They say, for example, that they will increase investment in chip technology which can be used to improve artificial intelligence, cyber security and connected devices.

The gambler lost almost everything after losing his Bitcoins

The Chinese government is not only against cryptocurrencies, but also wants to boost the country’s technology. This includes computer chips. Chinese firms are heavily reliant upon technology from abroad, particularly the United States.

Wang stated that it remains to be determined whether [the cryptocurrency companies] will pivot successfully.

Currently, the fate of these companies is linked to that in general.

Quinlan predicts that “cryptocurrencies” will fall out of favour in the future if mainstream adoption does not increase. He said that mining equipment manufacturers “will have a very difficult time surviving when the crypto market as a group withers.”

Bitcoin bulls still hope that bitcoin can recover as more financial exchanges, and large companies begin to treat it seriously.

This week, Mike Novogratz told CNN that he believes cryptocurrency prices will rise as more people become comfortable using it.

The world’s top makers of bitcoin mining technology hope to raise money from investors by selling shares in Hong Kong.