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The Impact of Institutional Adoption of Cryptocurrency on the Market

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The Impact of Institutional Adoption of Cryptocurrency on the Market

Cryptocurrency is gradually being accepted by institutional investors. This has led to increased crypto prices and market capitalization. However, institutional investors are still waiting for clarification from regulators on some issues before they can fully commit to the crypto market. In this article, we will discuss the role of institutional investors in the crypto market and their influence on prices.

What Are Institutional Investors?

Institutional investors are entities that manage large amounts of money, such as pension funds, hedge funds, mutual funds, and venture capital firms. They are considered to be “smart” money because they invest in research-driven opportunities and have the resources needed for proper due diligence.

As the name implies, ‘Crypto Institutional Investors’ are the ones that are interested in crypto markets. These crypto institutions are investing large amounts of money in crypto assets and crypto-related products, such as futures contracts and crypto tokens.

Importance of Institutional Investors Entering Into Crypto

Institutional investors provide much-needed liquidity to crypto markets. This means that crypto prices will be less volatile since there is more demand from institutional investors who can absorb market shocks better than retail traders.

Institutional investment also brings legitimacy to crypto markets and encourages other institutional players to enter the crypto space.

When institutional investors enter a crypto market, it gives confidence to retail traders who then buy into crypto assets at higher prices. This increases crypto market capitalization and overall crypto prices.

With the ability to invest such large amounts of capital, crypto institutional investors can also influence crypto development and adoption by providing the necessary funding for crypto projects such as crypto exchanges, crypto wallets, and other important infrastructure for the Web3 economy.


Crypto Institutional Adoption: How Far Are We?

Crypto institutional adoption is still in its infancy. There are unresolved regulatory issues that need to be clarified before institutional investors can fully commit to crypto markets. Many of these issues revolve around taxation, custody solutions, and the lack of retail-friendly crypto products.

Meanwhile, crypto companies such as Coinbase and Bakkt are making strides in working with regulators to ensure crypto markets are compliant with existing laws. Regulatory clarity and crypto infrastructure advancements will pave the way for increased crypto institutional adoption in the future.

Shima Capital, Invesco, and Felix Capital are some of the leading crypto-focused institutional investors. These companies are investing in crypto startups to help them develop the technology and services needed to make crypto mainstream.

ARKK is another firm that is bullish on crypto and although they don’t hold Bitcoin or other crypto assets directly, due to the limitations of index fund clearance, they own various crypto companies. When there is more regulatory clearance, this institution will likely invest more in this emerging asset.

Kevin O’Leary (Entrepreneur and Investor) has expressed his insights on crypto institutional adoption throughout many interviews. He explains that although many crypto enthusiasts are against regulations, he believes as soon as crypto becomes regulated, we will see more institutional adoption and crypto prices will soar.

Sovereign wealth funds are another large pool of capital that could flood into the crypto markets in the coming years. Sovereign wealth funds can be best understood as state-owned funds used to manage a portion of the government’s assets. Crypto regulations need to become clearer before these institutions begin making substantial crypto investments.

Of course, we also have entire nations that are embracing crypto, such as El Salvador. These countries have crypto-friendly regulations that allow crypto companies to operate within their borders. This could attract crypto-related investments from institutions around the world.

When it comes to private companies, crypto exchanges like Coinbase and Kraken are providing crypto custodial services for institutional investors. This helps crypto firms comply with regulations set by the SEC, such as those related to crypto custody.

Many central banks have been showing interest in similar but vastly different digital currencies called CBDCs. Although this may not be the same as cryptocurrencies, it shows that crypto-related technology is slowly being embraced by the traditional financial system.

With all these crypto-related developments, crypto-institutional adoption is inevitable. But crypto markets need to become more stable and provide more crypto products that are tailored towards retail investors before we can see crypto institutional adoption reach its full potential.

Therefore, the interest from institutions is here, but the crypto markets will just have to wait for regulatory clarity and stronger infrastructure to accommodate these massive funds.

Crypto institutional adoption sign

Final Thoughts

At the end of the day, crypto institutional adoption is something that will take time but could provide crypto markets with much-needed liquidity and stability. Investors should be aware that crypto institutional adoption is still in its infancy, so the crypto market will likely experience significant volatility in the short term.

The best way to stay up-to-date with the latest crypto news so that you can prepare for the massive waves of monetary energy entering this market is to use Algory News Aggregator. By doing so, you can have the quickest access to the most advanced news about crypto markets. This is an essential tool for traders and even just those interested in being the first to learn about crypto institutional adoption.

It is important to note that this article should not be considered financial advice but rather informative. Cryptocurrency investments carry a high degree of risk due to their volatile nature and it is important to understand all the risks involved before investing.

Additionally, it is beneficial for retail traders to do their own research on crypto projects before investing. Doing so helps ensure that they make informed decisions about their crypto investments.

In conclusion, crypto institutional adoption is still in its early stages but it has already had a positive effect on crypto prices and market capitalization. While there are unresolved regulatory issues that need to be addressed before institutional investors can fully commit to crypto markets, the future of crypto looks bright as more institutions enter the space.

DISCLAIMER: This article is not financial advice and should not be considered as such. Cryptocurrency investments carry a high degree of risk due to their volatile nature and it is important to understand all the risks involved before investing. Trading crypto-assets involves significant risk and can result in the loss of your invested capital.

Crypto-Trading-Tools

Simplified App Integration Tool: Answers to Common Questions

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Simplified App Integration Tool: Answers to Common Questions

App integration tool is a type of technology that enables companies to link their various applications so they may exchange information and functionality. Due to the fact that more and more businesses are managing their operations by utilising different apps and data sources, this kind of software has grown in importance in the modern corporate climate. App integration tools make it simpler for businesses to obtain and analyse the data they need to make better decisions by enabling multiple applications and data sources to connect & interact.

The demand for efficient and secure connections between various apps and data sources has fueled the development of app integration platforms. To address the needs of various industries and businesses, various types of integration software have been developed over time. Application integration tools are now an integral part of corporate operations as companies rely more and more on digital technologies. By connecting and sharing data between various apps and data sources, this kind of software allows companies to create more practical & secure workflow.

1. What is App Integration Tool?

App integration tool provides automated synchronization between different applications & services. It enables data that needs to be exchanged between applications, allowing users to access data across various platforms. This type of software helps to streamline processes and make data management more efficient. and create a seamless & automated workflow.

2. What types of Apps can be Integrated with Integration Software?

A variety of app types can be integrated with integration software, including customer relationship management (CRM) systems, enterprise resource planning (ERP) systems, accounting systems, eCommerce platforms, marketing automation tools, payment processing systems & more. Each integration solution will offer different levels of integration capabilities depending on the type of app and the specific features or data points that need to be connected.

3. Can Integration Tools be used with Cloud-Based Apps?

Yes, Can cloud-based apps be utilised with it? It can be used to link cloud-based software programmes and services with one another, making it possible for information and files to be transferred between the various apps and services. This can increase workflow, minimise manual labour, and streamline corporate processes. Organizations can build a single data environment and automate procedures to cut expenses and boost productivity by integrating cloud-based apps.

App Integration software can also help to ensure data security and privacy, as data is protected and stored in the cloud. In Addition, cloud-based apps can be integrated with on-premises applications, allowing organizations to leverage the best of both worlds.

4. How Secure is App Integration Tool?

App integration is designed to facilitate the secure and efficient integration of different apps and services into a single system. App Integration Platforms enable an organization to connect various applications and services without the need to build custom software. This is usually secure, as it has built-in security measures to protect user data and ensure that all data is transferred securely.

It also helps organizations ensure that their data remains confidential and is not accessed by unauthorized personnel. App integration tools also often include authentication, authorization and encryption measures to protect user data and prevent malicious attacks.

5. Can the Integration Tool be Customized to Meet Specific Needs?

Yes, most Integration software can be custom… [truncated for length]

Understanding General Liability Insurance Coverage Beyond the Office: Anywhere You Go

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Understanding General Liability Insurance Coverage Beyond the Office: Anywhere You Go

In the fast-paced business world, entrepreneurs often find themselves dealing with a range of uncertainties. One important aspect that requires attention is commercial general liability insurance. This safety net is designed to protect businesses from various unforeseen events, but a common question arises: Does commercial general liability insurance cover you wherever you go?

Understanding Commercial General Liability Insurance

Commercial general liability insurance, often referred to as CGL, is a comprehensive policy that protects businesses from financial losses due to bodily injury, property damage, or personal injury claims. This insurance is a crucial part of risk management for businesses of all sizes, offering coverage for legal costs and damages resulting from incidents that occur on the business premises.

Territorial Coverage

One key consideration when thinking about the extent of coverage is the geographical scope of commercial general liability insurance. Typically, this insurance applies to incidents that occur on the business premises or are directly related to business operations. However, coverage beyond the business’s physical location must be more nuanced.

Scope of Coverage Beyond Business Premises

While commercial general liability insurance is primarily associated with on-site incidents, it often extends its protective reach beyond the boundaries of the business property. Many policies cover off-site events or activities directly related to the insured business. For example, if a business representative attends a trade show and an accident occurs, CGL insurance may provide coverage.

Limitations and Exclusions

It’s important to note that commercial general liability insurance isn’t a one-size-fits-all solution. Some limitations and exclusions may affect the scope of coverage. Certain policies may limit coverage outside the country or exclude specific types of activities. Understanding these limitations is crucial for businesses operating across borders or engaging in activities outside the typical scope.

The Importance of Tailoring Coverage

Given the diverse nature of businesses, it’s essential to tailor commercial general liability insurance to the unique needs and circumstances of the enterprise. Working closely with an experienced insurance provider ensures that the coverage aligns with the specific risks associated with the business, including those that may arise during off-site engagements.

Coverage Without Limits: Mastering the Landscape of Commercial General Liability

Whether commercial general liability insurance covers you wherever you go is multifaceted in the ever-evolving business landscape. While the policy inherently protects on-site incidents, its reach can extend to off-site activities depending on its terms and conditions. Understanding the nuances of coverage, limitations, and exclusions is crucial for businesses looking to fortify their defenses against unforeseen challenges. With Abbate Insurance as your partner, you can confidently navigate the terrain of uncertainties, knowing that your coverage is not just a shield but a tailored solution crafted for your unique journey. Contact us today; our experienced team will help you secure competitive coverage rates.

Key Dates for the 2024 Tax Season: Tax Deadline and More

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Key Dates for the 2024 Tax Season: Tax Deadline and More

This IRS tax deadlines article has been updated for the 2024 tax season (including deadlines for 2023 tax year filings). Tax season has arrived. This article will cover important key dates for the 2024 tax season, including the tax filing start date, tax deadline, extension filing deadline, extended deadline, estimated tax payment deadlines, a 2024 tax season calendar, and much more (even some discounted tax software at the end).

When is the 2024 Tax Deadline for Tax Filing (for the 2023 Tax Year)?

The IRS tax deadline to file your tax return will be Monday, April 15, 2024, according to the IRS.

Taxpayers living in Maine or Massachusetts have until Wednesday April 17, 2024, due to the Patriot’s Day and Emancipation Day holidays, respectively.

Some specifics states or locales will see their tax deadline date extended as relief to natural disasters. Check the IRS disaster relief page for further details.

Tax Filing Postmark & E-File Deadline

The Monday, April 15 tax deadline does not refer to when the IRS receives mailed tax returns. Instead, it refers to the date that the tax return is postmarked. So if you mail out your tax return on April 15 by USPS mail and the IRS receives your tax return after that date, your return won’t be considered late. The same rule applies for e-filing your taxes. If you e-file your taxes, you must do so by April 15 as well.

Note: the HSA Contribution Deadline and IRA Contribution Deadline are the Same as the Tax Deadline

Note that the HSA contribution deadline and IRA contribution deadline also fall on the same day as the tax deadline. This means you have a few additional months to make contributions for the tax and calendar year, beyond the actual tax and calendar year end date. You can also open new accounts to contribute to up until the same date, which is great news for savers.

When is the Tax Deadline if “Out of the Country” in 2023?

Your tax filing deadline and payment deadline, if you are “out of country”, is Monday, June 17, 2024 (normally June 15, but that falls on a Saturday in 2024). If you are out of country, you typically have an additional two months to file your taxes (from the typical April 15 date). Those eligible for this later date include:

  • Those who live outside the United States and Puerto Rico and main place of work is outside the United States and Puerto Rico, or
  • Those in military or naval service outside the United States and Puerto Rico (there is additional lenience for those in a combat zone, contingent operation, or who have been hospitalized)

If you qualify as being out of the country, you will still be eligible for the extension even if you are physically present in the United States. You must attach a statement to your return explaining which of the two situations qualify you for the extension.

Tax Extension Application Filing Deadline for 2023 Returns in 2024

If, for one reason or another, you are unable to file your tax return by the April 15, 2024 tax deadline for 2023 tax year returns, you can file for an IRS tax extension. Note that the extension must be postmarked by the April 15 deadline also.

Also, a key disclaimer – an extension of time to file is not an extension of time to pay. Any taxes due are still due on the normal filing deadline date, in order to avoid penalty.

How to File a Tax Extension – and the Extended Filing Tax Deadline for 2023 Returns in 2024

To file a tax extension, you will need to fill out IRS form 4868. Note that filing the extension does not get you off the hook, you still need to pay any estimated taxes by the April 15 deadline. If you don’t you will owe interest and possibly a penalty on your taxes owed.

The tax extension will allow you to push back the deadline for sending in your 1040 by 6 months (4 months if you are out of the country). If you’re in country, the extended tax filing deadline is Tuesday, October 15, 2024.

What are the Estimated Tax Payment Deadlines in 2024?

If you make estimated tax payments quarterly, due to earning contractual or self-employed income, here are the quarterly estimated payment deadlines in 2024:

2024 Tax Season Calendar (Important Dates & Deadlines)

  • January 16, 2024: Q4, 2022 estimated tax payments due
  • January 29, 2024: tax season start date (IRS begins processing filed returns)
  • January 31, 2024: deadline for employers to send W-2 and most 1099 forms (e.g. 1099-NEC, 1099-MISC, 1099-K)
  • March 15, 2024: taxes due for some businesses (e.g. multi-member LLCs, partnerships, S-Corps)
  • April 15, 2024: 2023 tax filing deadline (for non-extended returns) for individuals
  • April 15, 2024: 2023 tax year payment deadline for individuals
  • April 15, 2024: tax filing extension request deadline
  • April 15, 2024: 2023 HSA & IRA contribution deadline
  • April 15, 2024: Q1, 2024 estimated tax payment deadline
  • April 15, 2024: 2023 tax filing deadline for C-Corps
  • June 17, 2024: Q2, 2024 misestimated tax payment deadline
  • June 17, 2024: “Out of country” tax filing deadline
  • September 16, 2024: Q3, 2024 estimated tax payment deadline
  • September 16, 2024: 2023 extended filing deadline for partnerships and S-Corps
  • October 15, 2024: 2023 extended filing deadline for individuals (note that 2023 payments are still due April 15, 2024)
  • October 15, 2024: 2023 extended filing deadline for C-Corps
  • January 15, 2024: Q4, 2024 estimated tax payment deadline

When is the Tax Filing Start Date?

The tax filing start date for 2023 tax returns will be Monday, January 29, 2024. You can start working on your taxes sooner, however, software companies will hold your returns and cannot submit them to the IRS electronically via e-filing until the tax filing start date. Paper tax returns will begin processing at the same time. Your return will not be processed prior to, and you won’t receive your refund until after your return is processed.

I would recommend not filing a return sooner than the tax filing start date, because tax software companies will often update their software to take in to account any IRS changes.

Do I Need to File a Tax Return?

You may be wondering “Do I need to file taxes?“. It’s a fair question. There may be scenarios where you do not need to file taxes, including if your income is below certain minimum income thresholds. However, even in those scenarios, it could still be advantageous to file a return, as you may be eligible for refundable tax credits.

What if I File an Incorrect or Incomplete Return?

If you’ve already filed your taxes, but later found your return to be incorrect or incomplete, here is how to file an amended tax return with the IRS. You may also need to file an amended state return.

When will I Get My Refund?

As a standard, the IRS anticipates issuing more than nine out of 10 refunds in less than 21 days.

However, a newer law requires the IRS to hold refunds on tax returns claiming the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit until mid-February. Under the change required by Congress in the Protecting Americans from Tax Hikes (PATH) Act, the IRS must hold the entire refund — even the portion not associated with the EITC and ACTC — until at least Feb. 15. This change helps ensure that taxpayers get the refund they are owed by giving the IRS more time to help detect and prevent fraud.

After filing, you can always check your tax refund status to see where your refund is at.

Where Should you File your Taxes?

Check out my soon to be revised list of the best tax prep software and best & cheapest ways to e-file for more suggestions. A few of my favorites over the years (with solid discounts from affiliate partnerships) include:

  1. H&R Block: 15% partner discount at link
  2. TurboTax: best partner discount at link
  3. TaxSlayer: 15% partner discount at link
  4. TaxAct: $25 or $35 partner discount at link
  5. Cash App Taxes: (formerly “Credit Karma Tax”, now owned by Square/Cash App)

Also, when it comes time to pay your taxes, I would recommend that you pay taxes online, as it is quicker, safer, and more reliable.

Want more tax filing tips? I’ll be revising my breakdown of how to do your taxes basics shortly.

Tax Deadlines, Extension, & Start Date Discussion

  • When will you start preparing your taxes?
  • Will you be filing a tax deadline extension this year?
  • How are you preparing and filing your taxes this year?

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AlloVir: An Undervalued Biotech on Clark Street

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AlloVir: An Undervalued Biotech on Clark Street

AlloVir (ALVR) (~$74MM market cap) is clinical-stage biotech focused on cell therapy to treat viral diseases. On 12/22/23, AlloVir paused their Phase 3 studies for Posoleucel after advisors concluded the studies were unlikely to meet their primary endpoints. Alongside the announcement, the company announced, “we will immediately shift our focus to preserve our substantial remaining capital, review our pipeline, and assess strategic options.” AlloVir does have 3 additional pipeline assets:

About AlloVir’s Earlier Stage Virus-Specific T cell Pipeline

Adult Kidney Transplantation

AlloVir has earlier reported the results of its completed Phase 2 randomized, placebo-controlled trial evaluating posoleucel for the treatment of BKV infection in adult kidney transplant patients. After 24 weeks of treatment, 39% of patients receiving posoleucel experienced a ≥1-log viral load reduction, compared to 14% of patients receiving placebo.

Acute Respiratory Infection

The company has completed Part A of a randomized, placebo-controlled Phase 1b/2a trial with ALVR106 in 14 stem cell or solid organ transplant patients. ALVR106 is an investigational allogeneic, off-the-shelf, multi-virus-specific VST therapy candidate designed to target diseases caused by human metapneumovirus (hMPV), influenza, parainfluenza virus (PIV) and respiratory syncytial virus (RSV). Data has been accepted for presentation at a scientific conference in the first quarter of 2024.

Chronic Hepatitis B Infection

ALVR107 is an investigational allogeneic, off-the-shelf VST therapy designed to target hepatitis B virus (HBV)-infected cells and potentially cure patients with chronic HBV infection. Preclinical and IND-enabling studies support the advancement of ALVR107 into a clinical proof of concept study as a next step.

Some of these might be worth something, or not. The company, unfortunately, didn’t give us current cash or formally announce a reduction in workforce (but if you check LinkedIn, many of their employees are “looking for work”). My back of the envelope math:

Someone mentioned to me we should hope the “follow Tang” strategy continues into 2024, he’s not on the shareholder registry here (yet), but coming up with a similar offer to what he’s been throwing around, I get something like $0.83/share in cash plus a CVR for any legacy asset proceeds. There is a good amount of cash burn risk here since we don’t have much guidance from management, but the time between strategic alts announcements and deal announcements seems to be shortening in these broken biotechs. A poorly thought out reverse merger is always a concern too, however there are some real shareholders here, hopefully they provide some sanity.

Disclosure: I own shares of ALVR

November 2023 Monthly Economic Update

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November 2023 Monthly Economic Update

Galeanu Mihai

In November 2023, the AIER Business Conditions Monthly indices spiked up in all categories after the dip in October, highlighting the irregular character of economic data in the post-pandemic period. At 67, the Leading Indicator returned to levels not seen since

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2024’s Largest Ordinal Collections at the Beginning of the Year

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2024’s Largest Ordinal Collections at the Beginning of the Year

Hey there, Bitcoin & NFT enthusiasts! About 8 months ago, we first published a guide on Ordinals. Since then, that sector of the market has been growing, and we’re back today to look at some of the biggest Ordinal collections. Well, gather ’round because we’re about to dive into a world where sats meet art, and the result is as epic as a cat riding a unicorn. But, hold your horses – or should we say, hold your bitcoins – and let’s keep it light and amusing.

What in the Bitcoin is an Ordinal?

Just to Recap, what’s the buzz with Ordinals? Imagine adding a touch of Monet to your precious satoshis (sats). Yeah, we’re talking about art on the blockchain, making your crypto collection as unique as a two-headed llama.

Ordinals let you track individual sats, turning them into rare gems. It’s like having a crypto time capsule – own a sat that once mingled with Ross Ulbricht’s wallet, the Silk Road mastermind. Cool, right?

But wait, there’s more! Now, you can also slap some art on those sats, creating a gamified dual-layer for collectors. It’s like having a Mona Lisa on a golden pizza slice. Double the rarity, double the fun!

Biggest Ordinal Collections to Jazz Up Your Crypto Portfolio

Let’s cut the chase and introduce you to the crème de la crème of Ordinals. These projects are hotter than a jalapeño in a sauna:

  1. BTC DeGods: These guys bought a whole block, making their collection extra special. Fun fact: They’re not the original Ordinals – they migrated from Solana. Their floor price is 1.2 BTC, but hey, the mint cost was only 0.33 BTC!
  2. Ordinal Maxi Biz (OMB): Imagine quitting Wall Street to launch an anarchist-themed project. That’s zk-Shark’s story with OMB. They even burned CryptoPunks, turning it into a historical punk-burning party. Genius move, if you ask us!
  3. Bitcoin Bandits: OGs on Bitcoin, these bandits have a community with meme energy rivaling Sappy Seals. Their leader, Chartfu, is a walking win, orchestrating cryptopunk burns and making waves in the Ordinals world.
  4. Nullish: The OG sat hunter teamed up early with zk-Shark. Today, Nullish’s collections feature abstract art on rare sats. Holders of all 5 main pieces got 8 whitelist spots each in the OMB Green eyes mint. No punks were harmed in the process!
  5. Bitcoin Frogs: The first 10,000-piece Ordinal project to sell out via a free mint on the Lightning Network. These frogs are like the Robin Hoods of the crypto world, onboarding folks from Bitcoin, Ethereum, and Solana with a hands-on approach.
  6. Bitcoin Rocks: Bitcoin Rock Ordinals are turning the crypto scene into a rock concert. Picture rare sats rocking out with mind-blowing art – it’s like having a front-row seat to the coolest show in town! last night, one rock sold at 2.5 BTC ($113k)
  7. Inscribed Pepes: where memes get an artistic makeover! Imagine your favorite Pepe meme immortalized on a rare sat. It’s like injecting art with a dose of meme magic. Get ready to LOL and hold!

To trade Ordinals, head over to Magic Eden and their Ordinal section.

New Ordinals That Have Been Trending

The most surprising new kid on the block is Node Monkes. Just a few days ago, the mint was completed and within a week they had been climbing the top of the charts. Not only in floor price (0.19 BTC), but also in volume (609 BTC). The 10k Collection has a good mix of OG traits to trade on (like Alien type that has been selling at 2 BTC), and has meme value. You might have seen the “send nodes” tweets on your X timeline.


Are Ordinals Just a Crypto Fad?

Nah, Ordinals aren’t just hype. They make sense! Forget smart contracts – let’s inscribe art directly on Bitcoin. It’s like turning the mother chain into a canvas. According to Vitalik, Ordinals might just spark the next bull run. Builder culture is back, and DeFi might soon be grooving on Bitcoin.

Remember, this article is all fun and games – not financial advice. So, grab your popcorn, enjoy the Ordinals show, and let’s see where the sat-tastic journey takes us next! 🚀

If you enjoy our content, you can support us by signing up for a Bybit Account with our referral link. Don’t forget to claim your bonuses if you buy/sell or trade crypto.

You might also like our ordinal-related content about Magic Eden & Xverse Wallet


Optimizing Processes to Increase Conversion Rates

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Optimizing Processes to Increase Conversion Rates

What does it mean to adjust processes for better conversion? 
 

Essentially, it’s about identifying the areas of your business that need improvement and making changes that will streamline and optimize those processes. Here are some strategies that Daniel Priestley recommends for adjusting processes to improve conversion:
 

  1. Understand your customer journey
     

The first step in adjusting processes for better conversion is to understand your customer journey. Map out every step of the customer’s experience, from the moment they first hear about your business to the point where they become a paying customer. Look for bottlenecks, inefficiencies, and areas where customers might drop off. By understanding the customer’s journey, you can identify the areas of your business that need the most attention.
 

  1. Simplify your sales process
     

One of the most common areas where businesses lose potential customers is in the sales process. To improve conversion rates, Daniel Priestley suggests simplifying your sales process and making it as easy as possible for customers to make a purchase. This might mean reducing the number of steps involved in the checkout process, offering clear pricing and product information, and providing excellent customer service.
 

  1. Improve your marketing message
     

Another key area where businesses can improve conversion rates is in their marketing message. Your marketing message should clearly communicate the value of your product or service to your target audience. It should be tailored to their specific needs and pain points, and it should be communicated in a way that resonates with them. By improving your marketing message, you can attract more qualified leads and improve your overall conversion rate.
 

  1. Streamline your operations
     

ActionCOACH suggests streamlining your operations to improve conversion rates. This might involve automating repetitive tasks, reducing wait times, and improving the overall customer experience. By optimizing your operations, you can create a more efficient and effective business that is better equipped to convert leads into paying customers.
 

In conclusion, adjusting processes for better conversion is an essential part of building a successful business. By understanding your customer journey, simplifying your sales process, improving your marketing message, and streamlining your operations, you can optimize your business for better conversion rates and increased profitability.
 

Jack Wingate: 2022 IIANC Agent of the Year

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Jack Wingate: 2022 IIANC Agent of the Year




2022 IIANC Agent of the Year, Jack Wingate | ALLCHOICE Insurance


























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IIANC Awards

Each year, the Independent Insurance Agents of North Carolina recognizes the association’s members and company partners for their achievements and dedication to the insurance industry.

The association may&nbsppresent awards&nbspfor: Agent of the Year, Young Agent of the Year, Company Professional of the Year, Lifetime Achievement Award, Company of the Year, Broker of the Year and Presidential Citations.

2022 Independent Agent of the Year

This years IIANC Independent Agent of the Year was awarded to ALLCHOICE Insurance’s very own Founder an CEO, Jack Wingate.

Congratulations Jack!

Please join Team ALLCHOICE in congratulating the 2022 Independent Agent of the Year, Jack Wingate.

In response to Team ALLCHOICE’s congratulations, Jack responded by stating, “This was a truly an unexpected honor. This award has less to do with me, and more to do with each of you and the amazing jobs each of you do.”

What Do You Need To Know About Jack Wingate?

“Faith, Family, Friends…and a whole lot of HARD WORK!”

That is all you need to know about Jack Wingate!

Jack grew up the son of the hardest working man that he ever knew. He played every sport (and did pretty well) but wasn’t gifted with a great deal of talent. The success he achieved on and off the field in his youth could be attributed to being willing to out work everyone.

After college, he moved to Winston Salem, NC to work for a local small business in the Computer Hardware Industry. That first “real job” taught him that he could be successful as a sales person…but more importantly it taught him that I didn’t want to work for anyone!

Through a little misfortune and a whole lot of luck, he fell into the insurance industry and became an Insurance Agent at NC Farm Bureau in Greensboro, NC.

While technically he was “self employed”, he still had manager(s) that held his fate in their hands! More importantly, he saw first hand how working for a “Captive Insurance Carrier” would not allow him to provide his clients with the best OPTIONS for their individual situations!

And so….ALLCHOICE Insurance was conceived!

Jack proudly state that through the years he has held to the belief that if he would always “do the right thing” and be willing to work harder than anyone…ALLCHOICE Insurance would not only be successful, but also make a difference in the world.

About ALLCHOICE, Inc.

ALLCHOICE Insurance, founded in August of 2004, is one of the leading Multi-Line Independent Insurance Agencies in North Carolina. ALLCHOICE offers auto insurance, homeowners’ insurance, commercial insurance, business insurance,&nbsppers workers compensation insurance, life insurance, long-term care insurance, and various financial alternatives. Since ALLCHOICE’s founding, it has taken considerable pride in the Risk Management, Service, and Pricing they provide to their customers. Customers are the prime focus of ALLCHOICE Insurance.

Taking Responsibility: December 2023 – brokeGIRLrich

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Taking Responsibility: December 2023 – brokeGIRLrich

Profile

I am thirty-nine years old, a digital event producer and occasional freelance stage manager. I make $55/hour at the digital production company I work with, though work has been very slow this year. I work a variety of small side hustles and am a full-time student working on a PhD in Drama.

Spending & Saving

I decided to go for it and move some money from savings to investments, which I hope I don’t regret, but I feel like the stock market was rewarding me for that choice at the moment.

I moved some money out of my car savings account to max out my HSA and moved $2,000 out of my emergency savings to add to my IRA. I may still manage that last bit of 2023 investing before I do my taxes or I may not, but it doesn’t feel so drastic now. And having moved the money around, I think I will still be ok to finish my degree.

Which, terrifyingly, is halfway done. February 2nd is the two year mark and the degree is supposed to take 3-4 years. I used to be insistent that it was 3 years or bust to my supervisors but I now laugh at that sweet summer child. I’m hopeful I’ll get it done in the 4.

It was a terrible income month. Next month will be better but the digital producing is still very slow. Fingers crossed things improve in 2024. It was like an immediate and drastic drop off into 2023, so maybe the reverse will be true for this year.

Food jumped back up a bit this month between the fact that supplies to bake cookies are wildly expensive when you don’t really have anything stocked in your cupboards and getting takeaway a few times.

Extra takeaway occurred because I fell down some steps, sprained my ankle and slammed my knee into concrete so I could not walk well for like two weeks. London is a real unpleasant place to live – on the fourth floor of a walk up too – when you cannot walk well. Travel also ballooned because I usually save a few dollars on every trip by walking down the big hill to the main tube stop/DLR but that didn’t happen this month because of the injuries and I was working for my supervisor again on Friday-Sunday so I had to travel around London more than I usually do. It’s also higher because I did a fair bit of driving in New Jersey, which will probably be reflected in the January accountability too, and gas is expensive.

I thought I was done gift shopping last month but evidently not. And I had a trip to the dentist. Overall though, not really a crazy month. Entertainment was easy to keep low considering I could barely walk.

As far as income, I spent last month and this month helping my supervisor with one of his theatre company’s installations for a festival done by one of the school’s research centres. I was paid for some event staff working I did last month. I came home to a few refund checks. My health insurance company never seems to meet some kind of requirement by the state and always has to send us some check at the end of the year. My car insurance company is fabulous and when they make a lot of money, we all get sort of a refund/dividend check from them. I also received a regular dividend check.

We also finished creating Tavern of Conquests, which has been a strange trip over the last year and a half and a wild moment holding the actual book in my hands. It’s for sale now on Amazon though it’s incredibly hard to find without a direct link. Even if you type in the book title and author it doesn’t come up and I can’t figure out why. But it is there. Which is pretty cool.

Here is the expense breakdown for the month:

  • Rent – $1295.66
  • Food – $484.80
  • Travel – $214.93
  • Utilities – $190.61
  • Gifts – $176.65
  • Health/Dentist – $139.68
  • Charity – $90.46
  • Apartment – $71.87
  • Blog – $71.04
  • Entertainment – $62.75
  • Toiletries – $6.40

Total Spending in December: $2,804.85

Hustling

This month’s income:

  • Digital Producing – $550.00
  • Work for Supervisor – $271.61
  • Event Staff – $237.05
  • brokeGIRLrich – $162.33
  • Health Insurance Refund – $151.64
  • NJM Refund – $52.95
  • Dividends – $40.00

Income This Month: $1465.58

Net Worth: December 2023

Net Worth: December 2023

Goals

  • Save up $10,000 for school.
  • Save up £5100 for school. Thishas been a resounding failure, so all of this year’s tuition payment is coming out of savings. I will try again for next year.
  • Max out Roth IRA ($6500). $4000 contributed.
  • Max out HSA ($3850). Done
  • Buy the pretty lamp. Absolutely not.
  • Save $2000 for vacation with BFF over the summer.This just completely and totally failed.Not my best money moments but some really great life moments? Sigh. I hate grad school for every financial reason imaginable,
  • Stage manage a show.Hey! I did this twice!

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