Business
What is Litecoin, And Is It Worth Your Time?
When the cryptocurrency craze first began, there was a lot of hype and speculation surrounding Litecoin.
Now that the cryptocurrency boom is over and people are looking for alternative coins to invest in, LTC is still considered one of the most popular alternatives. Here’s what you need to know about it!
What is Litecoin?
Litecoin is a peer-to-peer cryptocurrency that enables instant payments to anyone in the world.
It is an open source project, i.e., its design is public and nobody owns or controls it. LTC is a cryptocurrency that was created in 2011.
It is similar to other cryptocurrencies, but it has some important differences.
For example, LTC has a faster block time (2.5 minutes) and it uses scrypt as its mining algorithm instead of SHA-256.
This means that it is less computationally intensive to mine LTC than other cryptocurrencies. Additionally, LTC is more secure than other cryptocurrencies because it uses a two-tier network architecture.
This means that only high-volume miners can create blocks, which makes it more difficult for attackers to hijack the network. All in all, LTC is an interesting cryptocurrency that may have potential long-term value.
Why invest in Litecoin?
Investment in Litecoin can be made for many reasons. First, LTC is a cryptocurrency that has gained momentum and is gaining more steam than Bitcoin.
Of course, it’s not the only good currency out there but it’s considered one of the best coins to invest in because of its ability to handle high transaction speed on low energy consumption.
Second, there are many other cryptocurrencies aside from Bitcoin; so if you put your money on LTC, you’re not investing just in Bitcoins.
Third, the technology behind LTC is fairly new and very promising (a lot of people are taking interest in this coin).
The Best Ways to Invest in Litecoin
If you’re looking to invest in altcoins, Litecoin may be worth your time. Here are some ways to get started:
1. Buy Litecoin on an exchange
Many exchanges offer a variety of trading pairs, so you can buy LTC with other currencies.
Binance is one of the most popular exchanges, and offers a wide range of options. Stormgain also has a wide range of options, and is one of the only exchanges that allows you to buy LTC with USD.
2. Mine Litecoin
Mining is a great way to get involved in the LTC community and earn coins. You can mine LTC on desktop computers, or you can use mining pools to increase your chances of earning rewards.
Genesis Mining is one of the most popular mining pools, and offers a generous reward schedule for miners.
3. Buy Litecoin with fiat currency
If you don’t want to get involved in the mining process, you can purchase Litecoins with fiat currency.
Coinbase is one of the most popular platforms for purchasing LLTC with USD or other currencies.
Where to Store Your LTC?
If you want to invest in Litecoin, you’ll need to store it in a crypto wallet.
One of the best wallets for LTC is the Litecoin crypto wallet. This wallet is available for both desktop and mobile devices.
You can also use a third-party wallet, but we recommend using the Litecoin crypto wallet because it’s trustable and has a good user interface.
Is Litecoin Worth Your Time?
If you’re wondering what LTC is and whether it’s worth your time to invest, here are four reasons why you should consider it:
First, LTC is a cryptocurrency that is based on the Bitcoin blockchain.
This means that it has the same features as Bitcoin, including being a digital payment system and a means of exchanging goods and services.
Second, LTC has been growing rapidly in terms of its market value. In fact, it was the seventh most valuable cryptocurrency in 2017 and is currently ranked fourth.
Third, LTC has a number of advantages over other cryptocurrencies.
For example, it can be used practically anywhere Bitcoin can be used, and it’s faster than Bitcoin. Fourth, LTC is also more stable than other cryptocurrencies.
This means that its value is not subject to sudden changes or crashes like many other digital currencies have experienced in the past.
Conclusion
Litecoin is a cryptocurrency that was created in an attempt to improve on some of the shortcomings of Bitcoin.
It uses a different proof-of-work algorithm than Bitcoin, and also allows for more transactions to be processed per second.
While it is still early days for LTC, if you are interested in cryptocurrencies and are looking for something new to invest in, LTC might be worth your time.
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PepsiCo Reduces Revenue Projections As North American Snacks And Key International Markets Underperform.
(VOR News) – In the third quarter of this year, Pepsi’s net income was $2.93 billion, which is equivalent to $2.13 per share. This was attributed to the company.
This is in stark contrast to net income of $3.09 billion, which is equivalent to $2.24 per share, during the same period in the previous year. The company’s earnings per share were $2.31 when expenses were excluded.
Net sales decreased by 0.6%, totaling $23.32 billion. Organic sales increased by 1.3% during the quarter when the effects of acquisitions, divestitures, and currency changes are excluded.
Pepsi’s beverage sales fell this quarter.
The most recent report indicates that the beverage and food sectors of the organization experienced a 2% decline in volume. Consumers of all income levels are demonstrating a change in their purchasing habits, as indicated by CEOs’ statements from the previous quarter.
Pepsi’s entire volume was adversely affected by the lackluster demand they encountered in North America. An increasing number of Americans are becoming more frugal, reducing the number of snacks they ingest, and reducing the number of times they purchase at convenience stores.
Furthermore, Laguarta observed that the increase in sales was partially attributed to the election that occurred in Mexico during the month of June.
The most significant decrease in volume was experienced by Quaker Foods North America, which was 13%. In December, the company announced its initial recall in response to a potential salmonella infection.
Due to the probability of an illness, the recall was extended in January. Pepsi officially closed a plant that was implicated in the recalls in June, despite the fact that manufacturing had already been halted.
Jamie Caulfield, the Chief Financial Officer of Pepsi and Laguarta, has indicated that the recalls are beginning to have a lessening effect.
Frito-Lay experienced a 1.5% decline in volume in North America. The company has been striving to improve the value it offers to consumers and the accessibility of its snack line, which includes SunChips, Cheetos, and Stacy’s pita chips, in the retail establishments where it is sold.
Despite the fact that the category as a whole has slowed down in comparison to the results of previous years, the level of activity within the division is progressively increasing.
Pepsi executives issued a statement in which they stated that “Salty and savory snacks have underperformed year-to-date after outperforming packaged food categories in previous years.”
Pepsi will spend more on Doritos and Tostitos in the fall and winter before football season.
The company is currently promoting incentive packets for Tostitos and Ruffles, which contain twenty percent more chips than the standard package.
Pepsi is expanding its product line in order to more effectively target individuals who are health-conscious. The business announced its intention to acquire Siete Foods for a total of $1.2 billion approximately one week ago. The restaurant serves Mexican-American cuisine, which is typically modified to meet the dietary needs of a diverse clientele.
The beverage segment of Pepsi in North America experienced a three percent decrease in volume. Despite the fact that the demand for energy drinks, such as Pepsi’s Rockstar, has decreased as a result of consumers visiting convenience stores, the sales of well-known brands such as Gatorade and Pepsi have seen an increase throughout the quarter.
Laguarta expressed his opinion to the analysts during the company’s conference call, asserting, “I am of the opinion that it is a component of the economic cycle that we are currently experiencing, and that it will reverse itself in the future, once consumers feel better.”
Additionally, it has been noted that the food and beverage markets of South Asia, the Middle East, Latin America, and Africa have experienced a decline in sales volume. The company cut its forecast for organic revenue for the entire year on Tuesday due to the business’s second consecutive quarter of lower-than-anticipated sales.
The company’s performance during the quarter was adversely affected by the Quaker Foods North America recalls, the decrease in demand in the United States, and the interruptions that occurred in specific international markets, as per the statements made by Chief Executive Officer Ramon Laguarta.
Pepsi has revised its forecast for organic sales in 2024, shifting from a 4% growth rate to a low single-digit growth rate. The company reiterated its expectation that the core constant currency profitability per share will increase by a minimum of 8% in comparison to the previous year.
The company’s shares declined by less than one percent during premarket trading. The following discrepancies between the company’s report and the projections of Wall Street were identified by LSEG in a survey of analysts:
SOURCE: CNBC
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Old National Bank And Infosys Broaden Their Strategic Partnership.
Business
Old National Bank And Infosys Broaden Their Strategic Partnership.
(VOR News) – Old National Bank, a commercial bank with its headquarters in the Midwest, and Infosys, a firm that specializes in information technology, have recently entered into a strategic expansion of their link, which has been in place for the past four years.
This expansion is more likely to take place sooner rather than later, with the likelihood being higher.
For the purpose of making it possible for Old National Bank to make use of the services, solutions, and platforms that are offered by Infosys, the objective of this expansion is to make it possible for the bank to transform its operations and processes through the application of automation and GenAI, as well as to change significant business areas.
This lets the bank leverage Infosys’ services, solutions, and platforms.
Old National Bank Chairman and CEO Jim Ryan said, “At Old National, we are committed to creating exceptional experiences for both our customers and our fellow employees.”
This statement is applicable to Old National Bank. Infosys is carefully managing the business process innovations that it is putting us through, putting a strong emphasis on efficiency and value growth throughout the process to ensure that it is carried out efficiently.
This is a routine occurrence throughout the entire operation. Because of Infosys’ dedication to our development and success, we are incredibly appreciative of the assistance they have provided.
Old National has been receiving assistance from Infosys in the process of updating its digital environment since the year 2020, according to the aforementioned company.
Ever since that time, the company has been providing assistance. The provision of this assistance has been accomplished through the utilization of a model that is not only powerful but also capable of functioning on its own power.
Infosys currently ranks Old National thirty-first out of the top thirty US banks.
This ranking is based on the fact that Old National is the nation’s largest banking corporation.
It is estimated that the total value of the company’s assets is approximately fifty-three billion dollars, while the assets that are currently being managed by the organization are valued at thirty billion dollars.
Dennis Gada, the Executive Vice President and Global Head of Banking and Financial Services, stated that “Old National Bank and Infosys possess a robust cultural and strategic alignment in the development, management, and enhancement of enterprise-scale solutions to transform the bank’s operations and facilitate growth.”
This remark referenced the exceptional cultural and strategic synergy between the two organizations. Dennis Gada is the one who asserted this claim. This was articulated explicitly concerning the exceptional cultural congruence and strategy alignment of the two organizations.
We are pleased to announce that the implementation of Infosys Topaz will substantially expedite the transformation of Old National Bank’s business processes and customer service protocols. We are exceedingly enthusiastic about this matter. We are quite thrilled about this specific component of the scenario.
Medium-sized banks operating regionally will continue to benefit from our substantial expertise in the sector, technology, and operations. This specific market segment of Infosys will persist in benefiting from our extensive experience. This phenomenon will enable this market sector to sustain substantial growth and efficiency benefits.
SOURCE: THBL
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American Water, The Largest Water Utility In US, Is Targeted By A Cyberattack
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Business
American Water, The Largest Water Utility In US, Is Targeted By A Cyberattack
The largest regulated water and wastewater utility company in the United States stated Monday that it had been the target of a cyberattack, forcing the company to halt invoicing to consumers.
American Water, The Largest Water Utility In US, Is Targeted By A Cyberattack
American Water, based in New Jersey and serving over 14 million people in 14 states and 18 military facilities, said it learned of the unauthorized activity on Thursday and quickly took precautions, including shutting down certain systems. The business does not believe the attack had an impact on its facilities or operations and said employees were working “around the clock” to determine the origin and scale of the attack.
According to their website, American Water operates over 500 water and wastewater systems in around 1,700 communities across California, Georgia, Hawaii, Illinois, Indiana, Iowa, Kentucky, Maryland, Missouri, New Jersey, Pennsylvania, Tennessee, Virginia, and West Virginia.
SOURCE | AP
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