Fake Trading Volumes and the Price of Bitcoin: Are They Connected?

Fake Trading Volumes and the Price of Bitcoin: Are They Connected?

Image courtesy of CoinTelegraph

            MARCH 30, 2020

Last year, Bitwise Asset Management reported to the United States Securities and Exchange Commission that 95% of trading volume in Bitcoin (BTC) was fake. Bitwise found that, according to data published by CoinMarketCap — a widely cited tracker of crypto statistics — Bitcoin's approximate average daily volume in April 2019 was $10 billion. In comparison, just $5.5 billion worth of Apple stock — the most liquid stock in the world — trades daily, and the market cap of Apple stock is nine times the size of Bitcoin's.

The Blockchain Transparency Institute has been investigating fake volume in crypto markets since 2018. Its April 2019 report suggested that 17 of the 25 largest exchanges listed on CoinMarketCap had more than 99% fake volume. The most recent report from September 2019 showed "wash trading rates at high levels from 96.9% up to 99.7%."

As recently as 2019, the exchanges reporting the most volume were in some cases unheard of. According to Bitwise's research, the largest reported exchange from April 2019, FCoin, declared $1.7 billion in daily trading volume, despite at the time having just 4,781 followers on Twitter. It had been mentioned only four times on Bloomberg, all in the context of fake trading volume, and the marketing tool Alexa ranked it as having the 56,539th largest website globally.

The Bitwise study ranked Binance as the largest exchange with real volume, though it ranked 15th overall when those reporting fake volumes were included. During April 2019, Binance reported $218 million in daily trading volume — 1/7th that of FCoin — despite being mentioned 6,830 times by Bloomberg, its CEO being followed by 342,000 people on Twitter, and having a website that ranked 971th in the world, according to Alexa.

The Bitcoin market is steadily maturing, to be sure, and today's Bitcoin market is not like it was in the past. Many first-generation pillars of the Bitcoin ecosystem were started by first-time entrepreneurs who were simply interested in Bitcoin. Mt. Gox, the beleaguered, Japan-based Bitcoin exchange, was once a site for trading Magic: The Gathering cards. CoinMarketCap, the most popular data aggregator in the space, was started in 2013 as a part-time project run out of an apartment.

Today, the best-known crypto exchanges are large enterprises operating in a maturing ecosystem. Regulated Bitcoin futures, the development of institutional short lending, large algorithmic market makers, Bitcoin custody and custodial insurance have added to the efficiency of the market. Despite Bitcoin's faked volume, and a spot market smaller than commonly thought, its price is more accurately determined every day.

Bitcoin spot prices, as well as other larger-cap cryptocurrencies, are considered accurate, thanks to an established global market for Bitcoin trading and the prevalence of exchanges around the world. What's more, traditional data aggregators — think Nasdaq, the Intercontinental Exchange, Bloomberg and Thomson Reuters — are entering the industry, which will give us only a clearer picture of the data that affects Bitcoin trading.

Internet attention and the price of Bitcoin

Researchers from the University of Cagliari in Italy used Google Trends, which illustrates how frequently a fixed term is looked up, to study the interplay between Bitcoin and Google's search engine. They specifically researched the relationship between Bitcoin's trading volumes and the volume of Bitcoin-related search queries made using Google.

In a report titled "The Predictor Impact of Web Search Media on Bitcoin Trading Volumes," the researchers found "significant cross correlation values, demonstrating search volumes power to anticipate trading volumes of Bitcoin currency."

The researchers studied the period between June 2014 and July 2015 and compared Bitcoin trading behavior with data on search queries obtained from Google Trends. The report concluded:

"We can affirm that Google Trends is a good predictor, because of its high cross correlation value. Our results confirm those found in previous works, based on a different corpus and referred to a different Bitcoin market trend. As future advancement, we are thinking about the possibility to apply this kind of approach to different contexts in order to better understand the predictive power of web search media. An other likelihood could be to consider not only search media but also social media like Twitter, Facebook and Google+."

As trading both digital assets and more traditional stocks and commodities become progressively digitized, online mentions will likely play a key role in determining and predicting the sentiment of various markets, not just cryptocurrency.

Crypto has "no exposure" to stocks and macroeconomics

In a 2018 report titled "Risks and Returns of Cryptocurrency," researchers Yukun Liu and Aleh Tsyvinski from Yale University found that the risk–return tradeoff of Bitcoin, Ether (ETH) and XRP differs from those seen in stocks, fiat currencies and precious metals. "Cryptocurrencies have no exposure to most common stock market and macroeconomic factors," they wrote. "They also have no exposure to the returns of currencies and commodities."

The authors concluded that cryptocurrency returns can only be predicted by aspects specific to crypto:

"Specifically, we determine that there is a strong time-series momentum effect and that proxies for investor attention strongly forecast cryptocurrency returns."

In short, cryptocurrency returns have little exposure to traditional asset classes, such as stocks, fiat currencies and commodities.

The researchers determined that cryptocurrency returns are predicted by two factors: momentum and investor attention.

"Our findings call into question popular explanations that supply factors such as mining costs, price-to-'dividend' ratio, or realized volatility are useful for predicting the behavior of cryptocurrency returns."

How is Bitcoin trading regulated?

When trading Bitcoin, knowing the rules and regulations is essential. The U.S. Internal Revenue Service declared in 2014 that Bitcoin was property, not currency. Any profits made from Bitcoin investing and trading, therefore, would be taxed at each investor's capital gains rate, not an ordinary income rate. 

In July 2019, the IRS sent letters to 10,000 digital-currency holders who failed to pay taxes or properly report taxes on digital assets. IRS Commissioner Chuck Rettig stated:

"Taxpayers should take these letters very seriously by reviewing their tax filings and when appropriate, amend past returns and pay back taxes, interest and penalties."

Altcoins and having a plan

There are other things to keep in mind when trading. Before trading a specific digital asset, especially those considered altcoins, investigate its trading volume. If you're considering trading a more obscure altcoin, then you should learn how many such tokens are being bought and sold daily.

The higher the trading volume, the easier it will be to buy and sell the digital asset. Low trading volume, on the other hand, suggests a lower level of liquidity; that is, a trader could struggle to buy or sell the digital asset on the open market. Crypto exchanges have even delisted tokens with dubious or declining trade volumes.

Having a plan for every trade can help ensure you don't make a knee-jerk reaction in a fit of emotion-based trading. Disciplined investors and traders draft a game plan for the prices at which they intend to buy and sell an asset and don't deviate from this plan. In order to manage this, traders can use stop-loss orders, which ensure an asset is sold at a predetermined price.

The views, thoughts and opinions expressed here are the author's alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and you should conduct your own research when making a decision.

Justin O'Connell is the founder of ChangeOutput.com, a communications shop for blockchain. He first wrote about Bitcoin in early 2012 and has worked in the industry ever since. He has software engineering experience, and his written work has appeared throughout the industry over the years.

Original article posted on the CoinTelegraph.com site, by Justin O'Connell.

Article re-posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Report Shows San Francisco Home to Highest Crypto Owners in US

Report Shows San Francisco Home to Highest Crypto Owners in US

By MUSKAN BAGRECHA   Posted on 28/03/2020   2 Min read

  • A report by CoinTracker revealed that San Francisco has the highest number of crypto owners and it is home to investors with highest average crypto wealth.

A report published by CoinTracker revealed the statistics of cryptocurrency ownership in the United States. The findings have been derived from a cumulative data collection since 2013. As per the report, San Francisco has transcended all the other major cities in the US in terms of crypto ownership with an average portfolio value of USD 55,000. San Francisco is followed by Palo Alto, Oakland and San Mateo with average portfolio size of USD 39,000, USD 35,000 and USD 30,000 respectively. New York ranked sixth with average crypto holdings of USD 23,000.

In terms of concentration of crypto investors, San Francisco topped the list with a user index of 100, followed by New York with 92, Los Angeles with 57.2 and Chicago with 48.8. Ashburn recorded the highest crypto investors on per capita basis.

The report also showed that in the US, as much as 50.3% of the crypto wealth of the investors comprised of Bitcoin (BTC), followed by Ether (ETH) at 28.7% and Tether (USDT) at 4.1%. However, certain cities like San Diego, Nashville, Seattle and Boston, among others, showed that people had a greater capital held in ether as compared to bitcoin.

BitcoinNews.com is committed to unbiased news and upholding journalistic codes of ethics. For more information please read our Editorial Policy here.

Image Courtesy: Pixabay

ecosystem for entrepreneurs
Markethive Advertisement

The original article written by MUSKAN BAGRECHA and posted on BitcoinNews.com.

Article reposted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

World Health Organization Launches Blockchain Platform to Fight COVID-19

World Health Organization Launches Blockchain Platform to Fight COVID-19

Image courtesy of CoinTelegraph

            MARCH 28, 2020

The World Health Organization (WHO) has partnered on March 28 with major blockchain and tech companies to launch a distributed ledger technology (DLT)-based platform for sharing data concerning the coronavirus pandemic.

The platform, MiPasa, is built on top of Hyperledger Fabric and seeks to enable "early detection of COVID-19 carriers and infection hotspots."

MiPasa has been launched in partnership with technology company IBM, computer firm Oracle, enterprise blockchain platform Hacera and IT corporation Microsoft.

WHO launches blockchain-based platform to fight COVID-19

The platform purports to facilitate "fully private information sharing between individuals, state authorities and health institutions."

The project cross-references siloed location and health data is "siloed" on the platform to glean global insights while ensuring patient privacy, with MiPasa describing the platform as a "verifiable information highway." MiPasa is slated to soon host an array of publicly accessible analytics tools too.

According to the project's website:

"MiPasa can help monitor and foresee local and global epidemiological trends and detect likely asymptomatic carriers by feeding big data on infection routes and occurrences to powerful AI processors around the world."

A number of national health institutions are also contributing to the project — including the U.S., European, and Chinese Centres for Disease Control and Prevention, the Hong Kong Department of Health, the Government of Canada and China's National Health Commission.

The fight against coronavirus highlights applications for DLT

The coronavirus pandemic has highlighted many of the applications for blockchain technology.

On March 25, it was reported that the United Arab Emirates (UAE)s Ministry of Community Development (MOCD) is adopting DLT-based solutions for identity verification and the distribution of official documents — allowing customers to securely engage with the MOCD from home.

Blockchain technology has also been suggested as the most efficient means through which the United States' stimulus package could be distributed — with some proponents even proposing that the U.S. launch a DLT-based "digital dollar."

China has deployed blockchain in numerous applications to assist its efforts to fight COVID-19, using DLT to track the virus' spread, medical records, and the distribution of medical supplies and charity donations.

A Chinese journalist has also used Ethereum (ETH) to bypass censorship and publish an interview with a Wuhan-based doctor on the pandemic.

ecosystem for entrepreneurs
Markethive Advertisement

Original article posted on the CoinTelegraph.com site, by Samuel Haig.

Article re-posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Microsoft Files Patent For Crypto Mining System Using Body Activity Data

Microsoft Files Patent For Crypto Mining System Using Body Activity Data

Image courtesy of CoinTelegraph

            MARCH 27, 2020

Tech giant, Microsoft, is looking to develop a cryptocurrency system which enables individuals to mine cryptocurrency using their body activity data, eliminating the need for specialized mining machines.

Microsoft published a patent dubbed "Cryptocurrency system using body activity data" on March 26. Their paperwork details a method of crypto mining which exploits data associated with a user's body activity to exercise a new form of proof-of-work. The document further details:

"For example, a brain wave or body heat emitted from the user when the user performs the task provided by an information or service provider, such as viewing advertisement or using certain internet services, can be used in the mining process."

Diagram of the invention. Source: Patentscope
Diagram of the invention. Source: Patentscope

To implement the process, a server provides a task to a user's device, which is communicatively coupled to the server. A special sensor then indicates body activity of the individual, while a cryptocurrency system verifies whether or not the body activity data satisfies the conditions set by the cryptocurrency system. Ultimately, the system awards cryptocurrency to the user whose body activity data is verified.

Blockchain patents gain traction

Technology companies continue to experiment with cryptocurrency and blockchain in an attempt to remain a step ahead of their rivals. In the United States alone, the United States Patent and Trademark Office granted 227 blockchain-related patents from January 2014 to October 2019.

Recently, another tech behemoth, IBM, was awarded a patent for the development of a so-called "self-aware token." The idea of the development is that the adoption of new forms of currency will create questions regarding the ability to validate, authenticate, and coordinate transactions across diverse forms of payment and trade that traditionally had little or no interaction.

Brian Amstrong, the CEO of Coinbase, patented a method that enables users to make Bitcoin (BTC) payments using email addresses tied to wallet addresses, without incurring transaction fees.

Original article posted on the CoinTelegraph.com site, by Ana Alexandre.

Article re-posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Millions Out of Work: Weekly Jobless Claims Soar Amid Pandemic

Millions Out of Work: Weekly Jobless Claims Soar Amid Pandemic

More than 3 million Americans file for unemployment as the coronavirus pandemic brings the economy to an unprecedented standstill.

M. COREY GOLDMAN   •   UPDATED:MAR 26, 2020 9:49 AM EDT   •   ORIGINAL:MAR 26, 2020

Image © courtesy of abc12.com

More than 3.3 million Americans are out of work and have filed for jobless claims, an unheard of number never before recorded in the United States, as the onslaught of the deadly coronavirus brings the U.S. economy to an unprecedented standstill.

The U.S. Labor Department reported on Thursday that jobless claims for the week ended March 21 tallied 3.283 million, an astronomical number considering the working population of the United States.

Economists surveyed by Econoday had expected 1 million jobless claims for a week that saw wide shutdowns in recreation, food services and manufacturing because of the coronavirus outbreak. The last record weekly number was 695,000 set in 1982.

"Depression economy needed Depression response," David Rosenberg, chief economist of Rosenberg Research, wrote on Twitter, noting in awe that the number was even higher than Goldman Sachs's dire 2-million-plus prediction.

Goldman Sachs economist David Choi a week ago said he saw initial claims for the week ended March 21 jumping to a seasonally adjusted 2.25 million.

Jobless claims the week prior numbered 281,000. Forecasts in a Reuters poll ranged from 250,000 claims up to 4 million for the week.

Jobless claims across the U.S. soared as the coronavirus pandemic prompted widespread shutdowns of commerce and industry, and layoffs with it, but it's going to get significantly worse, economists say.

Until March, U.S. employers had added jobs for a record 113 straight months, causing payrolls to grow by 22 million, pushing the jobless rate to 3.5% in February, a near-record level not seen since the 1960s.

The largest increases in initial claims for the week ending March 14 were in California (+14,221), Washington (+7,624), Nevada (+4,047), Pennsylvania (+3,212), and Massachusetts (+2,737), while the largest decreases were in Arkansas (-461), Alabama (-341), Puerto Rico (-171), West Virginia (-168), and Maine (-81), the Labor Department said.

The surreal numbers follow the Trump administration's ask that states hold back from releasing their own unemployment-claims figures prior to the publication of the national numbers each Thursday – a move meant to keep the headline-grabbing numbers contained for now.

They also come ahead of the U.S. government's record $2.2 trillion stimulus plan to give American families and businesses a financial shield against the ravages of the coronavirus pandemic.

"The real question at hand now is if the current stimulus package is enough to give Americans the support they need," said Mike Loewengart, Managing Director, Investment Strategy with E*TRADE Financial.

"This environment is no doubt taking a toll on the consumer, a critical driver of economic health, and crunching profitability of small and big businesses alike."

The original article written by M. Corey Goldman and posted on thestreet.com.

Article reposted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Report: Binance Futures Surpasses Bitmex in 24hr Bitcoin BTC Trade Volume

Report: Binance Futures Surpasses Bitmex in 24hr Bitcoin (BTC) Trade Volume

The Binance Futures platform is less than a year old but has managed to eclipse BitMex in 24 hour trade volume.

In Brief:

  • According to a new report, the Binance futures platform has eclipsed BitMex in 24-hour trade volume.
  • At its peak, Binance Futures managed an all-time-high of $9 Billion in Bitcoin (BTC) futures contracts in a day.
  • Binance has continually kept building and being a few steps ahead of the competition.

In a tweet a few days ago, the Vice President of the Binance Futures platform, Aaron Gong, announced that the platform was now leading in terms of the volume of Bitcoin (BTC) contracts traded in a 24 hour period. Mr. Gong went on to thank users of the platform who have made this feat possible.

$2.3 Billion in 24hr Trade Volume, Eclipsing Bitmex

The exchange went on to release a full report explaining that the platform's BTC perpetual contract was averaging $2.343 Billion in 24-hour trade volume compared to Bitmex's $2.121 Billion in a similar time frame. At one point, Binance successfully handled $9 Billion worth of Bitcoin contracts in a day.

Rapid Growth of the Binance Futures Platform

Launched in September 2019, the Binance futures platform currently has 24 USDT contracts covering major digital assets such as BTC, Ethereum, XRP, Litecoin, Dash, Link and more. Such a variety has allowed the exchange to host half of all the top 10 most liquid altcoin contracts. (Also to note, is that in September 2019, the exchange acquired JEX: a crypto derivatives trading platform.) Mr. Gong is quoted as explaining that the trustworthiness of Binance is the reason for its accelerated growth.

Since our inception, it has been an exciting time for traders as crypto markets displayed stronger demand and volatility. Therefore, choosing a reliable and trustworthy exchange for risk-hedging has never been more critical than before. Hopefully, Binance Futures emerge as the market-standard choice for traders as we continue to expand our ecosystem throughout 2020.

Additionally, Binance has one of the lowest trading fee structure available in the crypto-verse as well as a considerably stable and quick matching engine.

(Feature image courtesy of Sheri Hooley on Unsplash.)

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author's and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

Streaming Media Free Trial

Original article posted on the EthereumWorldNews.com site, by John P. Njui.

Article re-posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Bitcoin Gains After US Federal Announces Unlimited Stimulus

Bitcoin Gains After US Federal Announces Unlimited Stimulus

By RTTNews Staff Writer | Published: 3/24/2020 2:15 PM ET

Cryptocurrency rose over $14 billion in 24 hours as the most popular digital currency Bitcoin is up 5%.

Bitcoin is trading at $6,628, up 5.19% from previous day and 35.08% from last week, according to data from Cointelegrah. Ethereum is up nearly 5% at $137, while Litecoin rose 4% to $39.93 and XRP recorded a more than 3% jump.

According to CNBC, the market capitalization, or entire value of the cryptocurrency market, rose over $14 billion to reach $182.62 billion.

The increase in Bitcoin's price came after the US federal government announced $700 billion of direct capital injection through the purchase of Treasury securities and mortgage-backed debt. The Fed said that they will purchase bonds by as much as needed to help the economy absorb shocks arising from the coronavirus pandemic.

In an interview with CBS on March 22, Neel Kashkari, president of the Federal Reserve Bank of Minneapolis said, "There is an infinite amount of cash in the Federal Reserve. We will do whatever we need to do to make sure there's enough cash in the banking system."

Bitcoin is currently on course to reach $7,000 levels.

For comments and feedback contact: editorial@rttnews.com

ecosystem for entrepreneurs
Markethive Advertisement

Article written by an RTT News Staff Writer, and posted on the RTT News.com website.

Article reposted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Report: Bitcoin’s BTC Correlation With the SampP 500 at a 2 Year High

Report: Bitcoin’s (BTC) Correlation With the S&P 500 at a 2 Year High

The last 2 weeks has seen the price of Bitcoin follow that of traditional stock markets.

In brief:

  • Since news broke of the extensive spread of the Coronavirus, Bitcoin (BTC) has had an uncanny correlation to the traditional stock markets.
  • A recent report by the team at Santiment shows that Bitcoin's correlation to the S&P 500 is at a 2 year high.
  • The report went on to predict a faster Crypto recovery compared to the stock market.

Ever since the traditional markets took a nose dive due to the global economic effect of the Coronavirus, Bitcoin traders have noticed an uncanny correlation between BTC and the major stock market indices of the Dow Jones Industrial Average (DJI) and the S&P 500 (SPX). All three assets have followed a similar downward trajectory as seen in the Tradingview screenshot below.

Report: Bitcoin's (BTC) Correlation With the S&P 500 at a 2 Year High 1

Bitcoin's Correlation with the S&P 500 at a 2 Year High

The team at Santiment recently released a report proving that BTC's correlation with the S&P 500 is at a 2 year high. They too were inspired to do the research when both the crypto and stock markets took a massive hit by the impact of the Coronavirus. In the report, the team explained the correlation as follows:

Within the last week, Bitcoin’s correlation with the S&P 500 index ballooned to a 2-year high, and is currently hovering at 0.6…

They further explained the value of 0.6 as follows:

  • 1 -> BTC and S&P move identically
  • 0 -> BTC and S&P move completely independent from each other
  • -1 -> BTC and S&P move in opposite directions

Prediction that Bitcoin Will Recover Faster than Traditional Markets

At the end of the report, the team suggested that Bitcoin and crypto will recover faster than the stock markets. They explained that the crypto market is a new type of economy that is yet to be bogged down by the complexities of the traditional markets.

Crypto is a new type of economy, one that facilitates the production of digital value designed to be distributed in a pure, peer-to-peer way. These and correlated factors have contributed to swift recovery of the crypto market in the past, and will no doubt do the same again.

On the other side of the coin, the traditional markets remain overburdened with too many moving parts. The Wall Street machinery is partially digital (notably the part responsible for the most growth in recent years) but the vast majority remains carpal, physical in nature.

(Feature image courtesy of Pineapple Supply Co. on Unsplash.)

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

ecosystem for entrepreneurs
Markethive Advertisement

Original article posted on the EthereumWorldNews.com site, by John P. Njui.

Article re-posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Two Canadians Sentenced To Federal Prison For Bitcoin Fraud

Two Canadians Sentenced To Federal Prison For Bitcoin Fraud

By RTTNews Staff Writer | Published: 3/20/2020 10:36 AM ET

Two Canadian nationals have been indicted and sentenced to two years in the U.S. federal prison and three years' supervised release for committing Bitcoin fraud in a Twitter scam, according to a statement by the U.S. Department of Justice (DoJ).

Karanjit Singh Khatkar, 23, and Jagroop Singh Khatkar, 24, conspired to commit wire fraud and money laundering to steal bitcoin from an Oregon resident. The Khatkars are residents of the city of Surrey in British Columbia, Canada.

Karanjit Khatkar was arrested on July 18, 2019 upon arrival at the McCarran International Airport in Las Vegas and was detained pending trial. Jagroop Khatkar appeared voluntarily in the court on December 16, 2019.

Both the Khatkars pleaded guilty. They also paid $142,349 as a prepayment of restitution to their victim.

The two defendants used a Twitter account with the name @HitBTCAssist between October 2017 and August 2018 to trick victims into thinking they were communicating with a customer service representative from Hong Kong-based crypto currency exchange HitBTC.

In the process, the defendants responded to the Oregon victim's query about cryptocurrency withdrawal process from her HitBTC account. They hoodwinked her to extract information and managed to log in and take over her email and HitBTC accounts as well as her account at U.S.-based crypto exchange Kraken.

They then transferred 23.2 bitcoins from the victim's HitBTC account to Karanjit Khatkar's Kraken account, with Karanjit Khatkar in turn transferring about 11.6 bitcoins to Jagroop Khatkar's Kraken account.

Two days after, Karanjit Khatkar used the amount to buy a Mercedes-Benz with C$56,598 and Karanjit Khatkar used tens of thousands of dollars for gambling while staying at high-end casinos in Las Vegas.

Apart from the restitution prepayment, the Khatkars were ordered to pay an additional $42,162 to the victim for a total of $184,511. This case was investigated by FBI and prosecuted by Assistant U.S. Attorneys for the District of Oregon.

For comments and feedback contact: editorial@rttnews.com

Article written by an RTT News Staff Writer, and posted on the RTT News.com website.

Article reposted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

How to Stay Productive When You Work Remotely

How to Stay Productive When You Work Remotely

Written by: Syed Balkhi       March 20th, 2020

Working from home presents some unique challenges, especially if this is your first time doing it. You've got to learn how to work from home from your dining room table, make sure you're not distracted by your spouse's conference call, and let the kids know that you're not to be disturbed as you work. Sitting at the dining room table while you're on your laptop means you're working, not surfing the web.

As the founder of a 100% remote company that's been doing it for nearly a decade, we know what it takes to be successful while working from home. Our employees use cloud apps to write and repurpose blog posts, access our WordPress blogs and sites through secure web browsers, and manage their own work schedules.

If you've suddenly found yourself with a ton of time on your hands and want to work on your side hustle, keep reading. Your side hustle may now become your full-time gig, so it's time to level up your work from home habits.

Here's my advice to all bloggers, side hustlers, site owners, and anyone else looking to be more productive while working from home.

1. Embrace the Chaos

Stop trying to mirror your previous work schedule; it just won't work. Embrace that things are different and forgive yourself if you're not productive right away. — for the first couple of days. After that, it's time to buckle down and establish some new routines. Train your brain to separate work “you” and home “you” so you can be productive at this challenging time. Your company needs you to be firing on all cylinders while the world goes off-kilter for a bit.

2. Create a Protected Workspace

Many regular remote workers already have a designated workspace in their homes, whether it's a spare bedroom they use as their office or an office area in the family room. Newly-remote workers should try to do the same. It can be tempting to set up on the couch with your laptop, but that's not very conducive to work.

Instead, designate a table or area in a room as your “office,” if you can. Advise your family that one part of the dining room is now your office and that all meals will be eaten at the kitchen table or breakfast bar. This area is now off-limits to everyone but you. Tell them that when you're seated there, you're not to be disturbed. You're working, not just surfing the web.

3. Set a Schedule

Setting a proper work schedule will be one of the hardest things to do at the beginning, but once you understand how you work and what goes well with your situation, let your family know.

Some of my employees are currently working an on/off schedule as they juggle child care and their spouses' schedules. For example, one person works for two hours while their spouse watches the kids, then they trade. When the kids nap in the afternoon, both of them are on their laptops.

4. Get “Dressed” For Work

Another tip to help you be productive is to get dressed for work. For those used to business attire, that means putting on a dress shirt and tie. For others, just putting on a pair of jeans or slacks and a fresh t-shirt is enough. Getting changed into “work” clothes is a psychological sign to your brain that it's work time. Just like your morning commute was a way of getting into “work mode,” changing clothes does the same thing. Wear whatever you need to get you in that mode and go with it.

5. Use the Status Features of Chat Software

Another simple way to ensure you stay connected when working remotely is to use the status features of your chat software. Slack, Skype, and Facebook Messenger let you update your status to show if you're free, at lunch, busy, and more. Because you'll be online more, your friends and family may be more tempted to initiate contact to chat and talk. But you're working, so make sure they know you're not free at that time.

6. Use the Time to Learn Something New

Now is the perfect time to learn something new related to your blog or side hustle business. Maybe you've wanted to learn more about CSS so you could style your WordPress blog more to your liking. Or you've wanted to understand how landing pages could boost sales of your eCommerce site.

No matter what it is, designate some time in your day to learn something new. You'll feel more productive about the time you spend reading or watching YouTube while you improve your blog and increase your skills.

Final Thoughts

Working remotely doesn't mean you have to give up your side hustle. In these challenging times, there are still many ways you can stay busy and productive with your personal blog or eCommerce site. You want to stay productive during this time, but it's okay if you really struggle with it. You're not the only one!

Use these tips to help establish a productive work routine and forgive yourself if it takes a while to sort it out. Work looks different today than it did a few weeks ago. I hope these tips help you stay productive. Good luck, and stay healthy!

Syed Balkhi is an award-winning entrepreneur and online marketing expert. He is the co-founder of OptinMonster, WPBeginner, MonsterInsights, and WPForms.

Free Streaming Media Trial

Original article written by: Syed Balkhi and posted on JohnChow.com.

Article reposted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe