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The China and US Restriction-fights Will Destroy Wealth, As Apple Loses $200B

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When two elephants fight, the grass suffers. Yes, the competitive battles between the nations of the United States and People’s Republic of China, over years, will wipe wealth across nations and citizens, even before the expected confrontation in Taiwan begins.

This week, Apple is off by $200 billion: “Apple’s stock experienced a sharp decline for the second consecutive day on Thursday, triggered by reports of significant restrictions on iPhones within Chinese government offices and state-affiliated organizations. The shares of the world’s largest publicly traded company saw a 2.8 percent drop, trading at $177.79 in late morning hours. Bloomberg’s coverage indicated that Apple incurred a staggering $200 billion loss over just two days.”

These restriction-fights are purely juvenile at the top level, but when you see what is happening in the Russia-Ukraine war, you will agree that during wars, anything could happen, and that whatever these restrictions are expected to do could be vital.  In other words, TitTok could be a source of data for China, just as the IPhone could help the US.

That explains why these countries do not want their public sector and government workers to touch these systems. Expect the list to keep expanding. Yet, we hope China and the US do not engage in a real battle because it will take the world backward by a century.

News that China is expanding a ban that keeps its government workers from using iPhones has hit Apple’s stock price by nearly 7% over the past two days, costing the company about $194 billion in market value, per The Wall Street Journal. Investors are concerned about the ban’s broader implications for tech firms in China, especially since Apple has been one of the industry’s “most successful operators” in China’s massive economy. Its market share has grown despite tensions over trade, which include U.S. efforts to restrict China’s access to new technology.

Also weighing on investors: a report that Apple rival Huawei’s new Mate 60 Pro smartphone is powered by an advanced chipthat was made in China. (LinkedIn News)

Apple Loses $200bn As China Restricts Officials from Using iPhones

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An Apple logo is seen at the entrance of an Apple Store in downtown Brussels, Belgium March 10, 2016. REUTERS/Yves Herman/File Photo

Apple’s stock experienced a sharp decline for the second consecutive day on Thursday, triggered by reports of significant restrictions on iPhones within Chinese government offices and state-affiliated organizations.

The shares of the world’s largest publicly traded company saw a 2.8 percent drop, trading at $177.79 in late morning hours. Bloomberg’s coverage indicated that Apple incurred a staggering $200 billion loss over just two days.

This downward trend began on Wednesday when shares fell by 3.6 percent, following a Wall Street Journal report revealing that China had prohibited the use of Apple smartphones within central government agencies.

On Thursday, Bloomberg News reported that China intended to extend this ban to encompass government-affiliated entities and state-run corporations. This move expanded the reach of the policy within China’s centrally-planned economy, exacerbating the impact on Apple’s stock.

The move comes amid intensifying technology tensions between Beijing and Washington.

On Wednesday, several analysts commented on the reported action, suggesting that Beijing’s decision demonstrated its unwillingness to exempt any American company from its efforts to lessen reliance on American technology.

“Even Apple is not immune … in China where it employs hundreds of thousands, if not more than a million workers, to assemble its products through its relationship with Foxconn,” DA Davidson analyst Tom Forte said.

This “should inspire companies to diversify both their supply chain and customer concentrations to be less dependent on China in the event the tensions get worse”.

The Bloomberg story said a release last week of a Huawei smartphone employing a made-in-China processor was hailed in Chinese state media as a “triumph” in the wake of US sanctions.

In the most recent quarter, Apple disclosed revenues of $15.8 billion generated from China, constituting nearly 20 percent of its total revenues. Executives highlighted the increase in sales in China during a period when overall sales were declining.

The imposition of this ban has the potential to raise concerns among foreign companies conducting business in China, especially as tensions between China and the United States continue to escalate.

This development also coincides with an upcoming Apple event scheduled for next week, which analysts anticipate will involve the launch of a new line of iPhones.

Analyst Patrick O’Hare from Briefing.com noted that the Apple situation carries implications for other tech companies.

“The worry for the market is that, if China purposely chooses to make business difficult for a company like Apple, which has a good and important working relationship in China, then it can do so for a lot of other US companies doing business in China,” O’Hare said.

According to Wedbush Securities analyst Dan Ives, a potential Chinese government ban is expected to impact fewer than 500,000 iPhones out of an estimated 45 million projected to be sold in the country over the next year.

“We believe despite the loud noise Apple has seen massive share gains in China smartphone market,” Ives said, adding that rising sales give Apple “incremental momentum on this front.”

For more than a decade, China has been actively working to decrease its dependence on foreign technologies. This effort has included encouraging state-affiliated entities, such as banks, to transition to domestic software solutions and promoting the development of domestic semiconductor chip manufacturing.

Analysts have pointed out that Huawei’s recent release of a 5G smartphone, which incorporates an advanced silicon chip with a level of miniaturization that was previously considered beyond its capabilities due to export restrictions led by the United States, represents a significant leap toward China’s goal of technological self-reliance.

While Shiba Inu’s Shibarium Launch Takes Centre Stage, 100x Coins Come To Light: Invest In SHIB, PEPE & ETOR

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If you’re a meme coin lover always looking for the next big thing, we have some great news – Shiba Inu’s Shibarium debut is a one way ticket to glory for these humorous assets and their supporters. Shiba Inu (SHIB) has already experienced incredibly promising bullish signs, and there’s no doubt that the entire meme coin universe will follow in its steps.

Two currencies in particular have captured the investors’ attention, like rocket ships soaring to stellar altitudes. Pepe Coin (PEPE), the frog-themed sensation, has quickly paved its way to the top of the market, leaving everyone speechless. Amidst all this, Elonator (ETOR) unexpectedly fell into the altcoin world, and like a knight in shining armour, it’s here to fix the recurring issues of this industry. Each coin feels like a breath of fresh air, bringing something new to the table. But which one has what it takes to persevere and stand the test of time?

<< Click Here To Learn More About Elonator Presale >>

Shiba Inu’s Shibarium: The Improved SHIB

Altcoin world is not short of meme coins inspired by dogs, making it a challenge for many to break through the mediocrity. But that didn’t stop Shiba Inu from dazzling investors, beating the competition, and with an impressive $5,715,637,430 in its market cap, finding its way into the top 3 meme coin rankings. The initial allure of SHIB comes from a light-hearted approach and a community-centric manifesto, but as you delve deeper into this coin, a whole another world of possibilities appears right in front of you.

As of late, SHIB has been exploiting Shiba Inu’s Shibarium frenzy, soaring by a whopping 20.5% in a matter of just seven days. Currently priced at $0.000009702, this coin is expected to surge even higher, reaching the once unlikely $0.000014 milestone. With an army of Shiba Inu fanatics, who will fight bravely for this asset’s survival, bearish predictions are nowhere to be found. Although created purely as an experimental DeFi community, SHIB is the perfect example of an experiment gone right.

PEPE: Is Green the New Black?

Sticking with the animal theme, here comes PEPE: launched only in April 2023, this frog inspired meme coin has truly proven its devotion to green, in particular – to generating it. Beyond the money, what sets Pepe apart is the drive to collaborate with other assets to invent efficient real-world applications. That united spirit is exactly what the traditional crypto world has been missing.

Hitting its all time high of $0.00000439 in May, Pepe price has surged by 1455.08% in less than a month, positioning itself among 100x cryptos. What’s even more impressive is the fact that in a bearish time, PEPE has unchained its potential, rapidly jumping from $0.00000113 to $0.00000122 on August 8. The good news doesn’t end there, as during this remarkable rise, a whale splurged a hefty $1,000,300 on Pepe tokens, proving that the novelty hasn’t worn off, and the unbelievable May victory wasn’t a fluke.

Elonator: Conquering Other 100x Cryptos

We’ve covered the animal-themed part of the mystical meme coin universe, but it’s time to prepare yourself for the entrance of something even more sharp and more powerful. Imagine a mixture of irresistible charisma, extensive knowledge and unbeatable strength. Now you don’t have to daydream about these things anymore, Elonator made them a reality!

As mentioned above, ETOR arrived in the crypto world, promising to solve the issues often encountered. With an innovative anti whale mechanism, a deflationary token structure, and more, the Elonator world seems like a safe haven everyone’s been searching for.

<< Buy Into The Elonator Presale >>

Shiba Inu’s Shibarium has become talk of the town lately, and it highlighted some of the most promising 100x cryptos on the market. While SHIB and Pepe Coin both proved themselves to be reliable coins, Elonator emerged as a rising phenomenon, merging Elon Musk and the Terminator and capitalising on the best of both worlds. Don’t miss out on the presale, as not only you can generate income, but also win lucrative rewards, a brand new Tesla being one of them!

For All Things Elonator, Including Its Presale:

Presale: https://buy.elonator.com/
Website: https://elonator.com

Telegram: https://t.me/ElonatorCoin

Twitter: https://twitter.com/ElonatorCoin

Crypto Cares About Community! How The Next Big Crypto, Scorpion Casino Token, Is Already Building a Big Following

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When it comes to the cryptocurrency industry, the community is debatably the most important aspect necessary for the success of a project. Regardless of how lucrative a token is or how strong the functionality is, if investors aren’t interested in it – it’ll fail. Luckily, presales are one of the best ways to gauge how interested the community is in a project, as it requires them to buy into it before it even hits the market as a display of faith. It’s not a one-way street, though, as the teams behind those presales have to make sure they keep the community happy and content in the meantime!

Scorpion Casino Token (SCORP) is one of these very cryptos, currently amid a fixed-term presale that will become one of the hottest presales of the year. The team behind the platform and token are veterans of the game, which is evident from the approach they’ve taken with community outreach which will lead SCORP to be one of the next big crypto tokens to hit the market. To show this, we will compare it to Ethereum (ETH) and Solana (SOL), two popular cryptos well known for the size and strength of their respective communities.

Next Big Crypto… A Wild Scorpion Appears!

Scorpion Casino Token is the brand new native token being launched by the Scorpion Casino platform, one of the most popular gaming and crypto-incorporated platforms on the internet right now. What allows the token itself to stand out and attach investors is likely its unique nature as a deflationary token. Every single time a transaction of SCORP is made, a portion of the overall supply will be burned – ensuring that the token becomes more valuable as the supply shrinks. This means that holders in the community will continue to profit from it passively.

So without any further ado, let’s delve into the Scorpion Casino Token presale and its community-building efforts.  Scorpion Casino Token has captured the attention of the crypto community with its innovative approach to decentralized finance (DeFi). The project has actively engaged with its community through various channels, including social media platforms, online forums, and interactive events. By directly interacting with potential investors, Scorpion Casino Token has been able to create a sense of inclusivity and excitement surrounding its presale. The team behind Scorpion Casino Token has been transparent in their communication, addressing concerns and providing regular updates. This level of engagement has cultivated a strong following and generated a buzz in the crypto space. This is why, amongst many seasoned investors, SCORP token is being touted as one of the next big crypto tokens.

How Ethereum Became Second Best

Ethereum has seen significant community involvement over the years. Ethereum’s unique selling point at the time of its launch 7 years ago was its vision of a decentralized platform for smart contracts and applications. The Ethereum team actively communicated their goals, progress, and technical developments to the community. This open and transparent approach resonated with early adopters and developers, leading to widespread participation in the presale. Ethereum’s community engagement laid the foundation for its long-term success, as it became the go-to platform for building decentralized applications. It now ranks as the second biggest crypto in the world, acting as the inspiration for the many blockchain-related projects that have appeared on the market since then, which of course, includes Solana.

Solana’s Fast Rise To The Top

Solana’s initial campaign focused on showcasing its technological advancements and scalability, functions that the blockchain network still prides itself on. Solana positioned itself as a high-performance blockchain platform capable of handling thousands of transactions per second. The team organized hackathons, developer meetups, and educational programs to foster community involvement. By emphasizing Solana’s technical capabilities and engaging with developers and enthusiasts, the project gained momentum and attracted early investors who believed in its potential. In just 3 years, the project has grown enough to rank within the top 10 cryptos in the world, and a lot of that is thanks to the community’s continued support of it.

More About The Next Big Crypto

Community engagement and outreach are crucial factors for the success of presales in the crypto industry. Scorpion Casino Token, Ethereum, and Solana have all demonstrated effective strategies to build and engage their respective communities.

Investing in Scorpion Casino Token during its presale offers the potential for long-term returns. Early investors have the opportunity to acquire tokens at a lower price and benefit from the project’s future growth. The strong community support and the unique traits of Scorpion Casino Token provide a solid foundation for its longevity and success in the DeFi space.

The community-driven approach and unique traits of Scorpion Casino Token make it an enticing investment, on top of the incentives it offers, such as an exclusive and limited-time bonus code that gives users 20% extra SCORP on top of their purchase! If you believe in the deflationary power of the Scorpion, use LAUNCH20 and buy today!

 

For more information on Scorpion Casino (SCORP):

Presale: https://presale.scorpion.casino/

Twitter: https://twitter.com/ScorpionCasino

Telegram: https://t.me/scorpioncasino_official

Exploring Presale Cryptos: The Whales of Wall Street Memes, Chimpzee & DogeMiyagi – Altcoins Flying High

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Trends shift like the tides. Sometimes beneath those tides, there are whales. Investing can be elusive and lucrative. Recently with Wall Street Memes (WSM), tokens to the value of $840,000 were snapped up in five tranches. The spotlight has turned on prescale cryptos. Two others to look out for are DogeMiyagi (MIYAGI) and Chimpzee (CHMPZ). This article will dive into all three to offer prospective investors guidance.

Among The Hottest Presale Cryptos is Wall Street Memes

First of all, what is a presale crypto? An event in which cryptocurrency tokens are made available to early investors, at a discount, before launch. WSM originally began as a satire on Wall Street after seeing the GameStop saga unfold in 2021. During the GameStop (GME) saga, GME stock surged +50% to the ire of Wall Street. Numerous Wall Street companies like Citron were left stunned. It finally seemed like the Wall Street grip on the market was shrinking as one senior executive even called traders of GME “suckers.” Traders following the conversation on social media platforms like Reddit began taking the rally to Wall Street and shook the market. So WSM is a manifestation of the power of collective creativity, with its tokens representing not just value but shared satirical sentiments of Wall Street. It looks like the wolves are out, and the whales are in, as a whale acquired $840,000 worth of WSM tokens recently. It makes one wonder whether presale cryptos like WSM are the place to be.

Enter Chimpzee, Another One Of The Crypto Presales That Will Create Some Swings

Chimpzee is another of the hot presale cryptos, offering both utility and an avenue for environmental conservation. By combatting and conserving wildlife, it aims to reward participants with crypto, such as its native token, CHMPZ. Chimpzee shows serious economic potential with a broad offering of NFTs. The higher the participation, the higher the rewards. Moreover, true to its purpose, it allocates 10% of its token supply to organisations dedicated to wildlife conservation. Now you get the idea behind its token name? Anyway, its presale has raised over $850,000 and looks to continue if you are keen on a token where utility bridges sustainability.

DogeMiyagi: Presale Crypto Unleashing the Shiba Inu Spirit

DogeMiyagi connects the meme coin pioneer, Dogecoin, and the 80’s Hollywood trilogy that has since seen a recent resurgence with the Netflix series, Cobra Kai. Combining the charm of the Shiba Inu meme and the wisdom of Mr. Miyagi, MIYAGI aims to create a community-driven meme coin. By doing so the project intends to allay any stigmas of meme coins, such as being at the mercy of social media hype. To build this community, they have introduced the DogeMiyagi Token Referral Programme. This programme rewards referrers with commissions of up to 10% per referral. As a result, they aim to appease and penetrate a range of market segments. Contrary to popular meme coins and previous presale cryptos, MIYAGI is not motivated by satire but rather by its dedication to community building. Indeed, investing and referring now could be a wise choice.

In the world of cryptocurrency, especially meme coins, nothing stays forever. Today’s hit is tomorrow’s miss. However, these quick shifts in the pendulum are due to meme coins typically being prone to solely social media hype and lacking a purpose. While WSM’s purpose seems to be Wall Street satire and CHMPZ’s is conservation, these are still narrow market segments compared to MIYAGI. After all, who does not know Karate Kid or Cobra Kai? Compared to other tokens discussed, MIYAGI has a lower discount rate, a unique referral programme, and a higher ability to resonate with the masses.

Join the DogeMiyagi presale today and embark on a journey to unlock a world of referral-based rewards & more.

 

Website: https://dogemiyagi.com

Twitter: https://twitter.com/_Dogemiyagi_

Telegram: https://t.me/dogemiyagi