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Lasandra Cid Wr93
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Lasandra Cid Wr93
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Semler Scientific has made its third Bitcoin purchase since launching its $500 million at-the-market (ATM) stock offering in mid-April. The company’s Bitcoin holdings are now valued at over $340 million. #Bitcoin #Binance $BTC
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Look at this man. He made $1 billion in a single day—and nearly brought down an entire nation’s financial system. This is the story of how George Soros broke the Bank of England—one of the boldest trades in history. ⸻ In 1992, hedge fund manager George Soros spotted a critical flaw in the British pound. At the time, the UK was part of the European Exchange Rate Mechanism (ERM), which pegged the pound to the stronger Deutsche Mark. But Britain was grappling with high inflation and low interest rates—its economy was out of sync with the ERM. Soros believed the British government couldn’t maintain the peg and would be forced to devalue the pound or exit the ERM. So, he made his move. Through his Quantum Fund, Soros borrowed billions of pounds and sold them—a massive short bet against the currency. ⸻ September 16, 1992 — Black Wednesday. The British government fought back, raising interest rates and buying billions in pounds to support the currency. But it wasn’t enough. The market pressure, led by Soros, was overwhelming. By the end of the day, Britain withdrew from the ERM and devalued the pound. Soros walked away with an estimated $1 billion profit. The UK Treasury suffered billions in losses—and a hard lesson in economic reality. ⸻ This wasn’t just a trade. It was a masterclass in timing, conviction, and understanding macroeconomics. Key takeaways: 1. The Power of Speculation: Markets aligned with reality can overpower even central banks. 2. Policy Lessons: Currency pegs must reflect economic fundamentals—or risk collapse. 3. Soros’s Legacy: Hailed as a financial genius by some, criticized by others for profiting during crisis—he changed how we think about market forces.
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Binance CEO CZ and Kyrgyz President Sadyr Japarov meet on the scenic shores of Lake Issyk-Kul, marking a key moment in their strategic partnership.
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📢 Massive Tax Hike Alert: 90% Tax on Mobile Recharges for Non-Filers in Pakistan! In a bold push to boost tax compliance, the FBR has proposed a 90% withholding tax on mobile top-ups for non-filers—up from just 2.5%. That means: Recharge Rs100, get only Rs10! To enforce this, over 500,000 non-filers have been identified. So far, 11,500 SIMs have already been blocked, with more on the chopping block. The move is part of the Federal Budget 2024–25, pending approval. If passed, it kicks in on July 1, 2024. Public backlash is growing, with social media erupting over the steep financial pressure this puts on citizens. Bottom line: File your taxes or face the charge. #Pakistan #FBR #MobileTax #NonFilers #TaxAlert #Budget2024 #TelecomNews #StayInformed
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