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Making the most of your packaging line – Food & Drink Business

Under the newly announced $1.5 billion Modern Manufacturing Strategy, businesses with less than $5 billion turnover will be able to claim the full value of any investment in plant and equipment. This effectively represents a 30 per cent discount.

The uptake of Industry 4.0, where data from each sensor, product and machine on a packaging line is fed into higher-level management systems is putting pressure on manufacturers tomodernise. Perhaps now is the time to consider that new case packer, palletiser or stretch wrapper or even a fully integrated traceability solution.

Once you assess the market and select new equipment for your production line, youll probably be fairly confident that, for the money, its best-in-breed. You imagine it working seamlessly with your existing machinery. All you need to do is install it.

However, balancing a packaging line to run at optimal speed and function is a skillset all on its own.

The key to mastering balance and maximising the benefits of your new equipment is integration.

Integration of packaging machinery into full packaging lines requires whole-plant expertise and to do it really well mechanical, electrical and software skills along with automation expertise. Integration can just mean the joining of single machines together with conveyors, or it can refer to a holistic systems-based approach that creates a machine ecosystem with eyes and a brain.

The aim of any good line integrator is to transform your packaging operation from a series of stand-alone bits of automation into a fully integrated unit using a unified language reporting to a single command point. Doing that well requires extra skill and programming expertise.

Your shiny new piece of equipment will only operate as fast and efficiently as the upstream and downstream machines. Machines will always break down or require material replenishment. Optimising the line balance minimises the impact when this happens. The trick is to maximise critical machine production by maintaining a steady flow of product along the entire production line. Most likely, its optimal functioning will depend on proper V curve speeds, increasing available accumulation and improving machine restart times.

An example of this would be a filler that stops three times per hour for an average of two minutes per stoppage:

3 x 2 = six minutes per hour or 10 per cent line efficiency.

Providing that the infrastructure and accumulation is in place, it is usually possible to recover more than 50 per cent of these losses on a line that has not been previously balanced.

Getting all the machines on a line talking to each other is a top priority. The best integrators will ensure that the machine software is correctly programmed, that it works together with every machine on the line, which in turn works with all the others. At every juncture, there will be an electronic handshake that signals the next piece of equipment to take over. If the timing isnt perfect, a fault could be detected and operations suspended.

Integrating each of the machines fillers, case erectors, shrink wrappers, labellers, case packers and sealers, conveyors, palletisers to do their job at the right time and the right speed is an art. Without proper integration, equipment jams and backlogs can develop. At worst, the line ceases to function. Small stoppages add up over days to hours of lost production.

The march of progress is inevitable Industry 4.0 creates full transparency across supply chains and is a prerequisite for traceability initiatives. However, most older machines are locked into legacy protocols that make it difficult to connect them to an Internet of Things (IoT) solution to mine their valuable data. An all-new line is an expensive way out.

It is possible to integrate both old and new equipment on a packaging line, but it does require a particular skillset. Its inadvisable to use a band-aid approach by layering a simple data-mining protocol on top of old equipment to create an IoT solution. Legacy machines were not designed for the multiple data points required by modern IoT and management systems, and the security risks outweigh the benefits.

Using high-level control architecture and open-source packaging machinery language, it is possible to work through OEM proprietary platforms and network them for access to useful, translatable data.

When choosing an integrator, be aware that not all integrators handle all mechanical, electrical, software and automation aspects of a project. And even fewer specialise in this kind of programming.

A good integrator can also help you select the right equipment for your needs. No machine works perfectly for every application, so you want an integrator that will walk you through all the options despite their OEM agreements and partnerships (most have them). Equipment should be selected based on its ability to meet the application challenge and long-term return on investment. Your integrator should have enough experience to be able to find machines with the features and accessories you do need minus the ones you dont.

Using an integrator that offers project management means that OEM suppliers are negotiated with and deliveries managed; the equipment is installed correctly, integrated with the entire line and an overarching control system if required, and then commissioned. The integration team is on-site and takes full responsibility for the whole lines speed and reliability, dealing with start-up issues as they arise.

Machinery-as-a-Service is the new kid on the block. Rather than paying for the equipment outright, you only pay for the output of the equipment. This is a finance model that has been used extensively for jet engines and medical equipment. Its use for the packaging industry is now made possible by the advent of blockchain technology, but to set it up well requires you guessed it an expert in line integration and data capture.

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Impact Of Covid 19 On Telecom Analytics 2020 Industry Challenges Business Overview And Forecast Research Study 2026 – The Courier

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Micro Mobile Data Center Market Capacity, Production, Revenue, Price and Gross Margin, Industry Analysis & Forecast by 2026 – The Market Feed

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Mining Tire Market: Qualitative analysis of the leading players and competitive industry scenario | Bridgestone, Michelin, Titan Tire, Chem China,…

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Bitcoin Climbs to Record High – The New York Times

Bitcoin is back. Again.

Nearly three years after it went on a hair-bending rise and hit a peak of $19,783, the price of a single Bitcoin rose above that for the first time on Monday, according to the data and news provider CoinDesk. The cryptocurrency has soared since March, after sinking below $4,000 at the outset of the coronavirus pandemic.

Bitcoins latest climb is different from its last spike in 2017, which was driven largely by investors in Asia who had just learned about cryptocurrencies. Back then, the digital token soon lost momentum as people questioned what it could do other than allow for easy online speculating and drug and ransom payments.

While those questions remain, Bitcoin is now being fueled by a less speculative fever. Buyers led by American investors, including companies and other traditional investors are treating Bitcoin as an alternative asset, somewhat like gold, according to an analysis from the data firm Chainalysis. Rather than quickly trading in and out of it, more investors are using Bitcoin as a place to park part of their investment portfolios outside the influence of governments and the traditional financial system, Chainalysis and other industry firms said.

Its a very different set of people who are buying Bitcoin recently, said Philip Gradwell, the chief economist at Chainalysis, which analyzes the movement of cryptocurrencies. They are doing it in steadier amounts over sustained periods of time, and they are taking it off exchanges and holding it as an investment.

The excitement has been underpinned by regulators and mainstream financial companies that are trying to make cryptocurrencies safer and more accessible. The Office of the Comptroller of the Currency, an American regulator, said this summer that banks would be allowed to hold cryptocurrencies for customers. And PayPal announced in October that it would follow its rival Square and allow people to buy and hold Bitcoin and a few other cryptocurrencies.

Our move came as a result of conversations with government officials, and then seeing the dramatic shift into digital payments as a result of the pandemic, Dan Schulman, the chief executive of PayPal, said in an interview. More than a million people three to four times what the company expected joined a wait list to use cryptocurrencies before the feature was started, he said.

Bitcoins rise is part of a broader exuberance in cryptocurrencies and stock markets, which are defying the gloom of a pandemic-induced recession. The Dow, S&P 500 and Nasdaq have hit record highs this past month, with Wall Street buoyed by the presidential election and the news of potential coronavirus vaccines.

Bitcoin is a digital currency with software and rules that were released in early 2009 by a shadowy creator with the pseudonym Satoshi Nakamoto. The computer code established that the total supply of Bitcoin would be limited. Only 21 million tokens will ever be created, distributed in small blocks each day through a process known as mining to some of the computers that maintain the currencys online infrastructure.

Like gold, Bitcoin can be created, moved and stored outside the purview of any government or financial institution. Bitcoins exist on a financial ledger, known as a blockchain, which is maintained and updated by a volunteer network of people running thousands of computers worldwide a system meant to ensure that no one computer or institution can change the rules or control the network.

The open nature of the system and the fact that anyone can join it and create a wallet without providing so much as a name or a phone number has made it popular for those who want to circumvent the traditional financial system. They have included terrorists, drug dealers and countries, like North Korea, Venezuela and Iran, that want to evade American financial sanctions.

This technology already plays a role in many of the most significant criminal and national security threats our nation faces, the Department of Justice said in a report in October. The report described how deeply Bitcoin had been woven into the infrastructure of the criminal world.

But Bitcoins stateless nature has also won over investors interested in legitimate uses of the technology. Some have been motivated by a libertarian distrust of governments. Others who are less ideological have gravitated to Bitcoin as an alternative to the financial system.

Still, Bitcoin is not backed by anything other than its computer network and the faith of people who buy it and give it value on exchanges. Many of these people are betting that someone else will be willing to pay them more for their Bitcoin in the future.

That has made Bitcoin prices volatile. It fell to its most recent low in March when fear over the pandemic hit global markets. Soon after, though, investors began talking about Bitcoin as a beneficiary of the global downturn.

In May, Paul Tudor Jones, one of Wall Streets best-known hedge fund managers, said he had put almost 2 percent of his portfolio in Bitcoin. He said the cap on Bitcoin production made it an attractive alternative to the declining value of traditional currencies, which he thought was inevitable as central banks printed more money to encourage an economic recovery.

Every day that goes by that Bitcoin survives, the trust in it will go up, Mr. Jones told CNBC at the time. He did not respond to a request for comment for this article.

Some public companies also dived into Bitcoin because of concerns about the value of the dollar. In August, MicroStrategy, a software company in Virginia, said it bought $250 million of Bitcoin to store some of the cash it had in the corporate treasury.

Michael Saylor, MicroStrategys chief executive, said in an interview that after knowing almost nothing about Bitcoin at the beginning of this year, he had become a believer in how the hard-coded limit on the number of tokens would help it hold its value over time. He became so enthusiastic that he put $175 million of his own money into the currency. MicroStrategy later bought another $175 million of Bitcoin.

For anything that anybody invested in as a store of value, it starts to look like it is better to move that into Bitcoin, Mr. Saylor said.

In October, Square said it was putting $50 million of its corporate cash into Bitcoin. In 2018, Square also began offering the digital currency on the Cash App, its phone app that people use to send money between friends and family. The company, which is led by Jack Dorsey, who is also chief executive of Twitter, said in early November that its customers held $1.8 billion of Bitcoin, up 180 percent from a year ago.

In October, analysts at JPMorgan Chase wrote a widely circulated note about how using Bitcoin as an alternative to gold especially by younger investors was creating a significant market for the tokens. Given that the total value of all outstanding Bitcoin, around $350 billion, was a small fraction of all the gold in the world, the analysts said they could see the value of Bitcoin going much higher.

Bitcoins rally has been accompanied by a broader bull market in cryptocurrencies, just as in 2017. While much of the fervor three years ago centered on new coins from scammy so-called initial coin offerings, interest has shifted to coins trying to take part in what is known as decentralized finance, or DeFi. These systems, which remain buggy and unproven, aim to make it possible to take out loans and insurance or collect interest without involving any financial institutions.

Central banks from countries such as Singapore, Sweden and the Bahamas are also looking at creating national digital currencies, inspired partly by Bitcoin. The biggest project, from Chinas central bank, appears to be the furthest along.

The national coins, which would leave behind the volatility of Bitcoin, could make cryptocurrencies obsolete. But they could also make it easier to move in and out of digital currencies of all kinds.

Given the uncertainty around Bitcoins value, any excitement is likely to be followed by a another contraction. But the number of crashes Bitcoin has survived is changing the conversation around the technology.

Now its LeBron James playing at age 21 and starting to dominate the court, Mr. Saylor said. Its not LeBron James, age 13, throwing a temper tantrum. Youve got a hardening and a maturing of the asset.

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Bitcoin Rallies Above $19,000 After Biggest Rout Since Pandemic – Bloomberg

  1. Bitcoin Rallies Above $19,000 After Biggest Rout Since Pandemic  Bloomberg
  2. Guggenheim says it could invest up to $530 million in a bitcoin trust as the cryptocurrency leaps to reco..  Business Insider
  3. Surprise! Even Conservative Investors Could Profit on Bitcoin  Kiplinger's Personal Finance
  4. Guggenheim Partners prepares to dip investment funds toes into Bitcoin  Cointelegraph
  5. Wall Streets Leading Investment Firm Enters Bitcoin  Finance Magnates
  6. View Full Coverage on Google News

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Canadian Public Company Dumps Ethereum and Monero for Bitcoin | News – Bitcoin News

A Canadian publicly held company has liquidated all of its ethereum and monero holdings and put all of the proceeds into bitcoin. The company is led by a well-known poker player and former member of the European Parliament.

Cypherpunk Holdings, a Toronto-headquartered company listed on the Canadian Securities Exchange (CSE), announced Thursday that it has increased its bitcoin holdings to 276.479 bitcoins. At the current price, the company now holds about $5 million USD in bitcoin. Cypherpunk Holdings added that this is a net increase since June 30 of 72.979 bitcoins, elaborating:

The increase in bitcoin holdings is a result of the full liquidation of positions in monero (XMR) and ethereum (ETH), as well as the partial use of proceeds from a private placement of $505,000 CAD that closed on August 27th, 2020.

Founded in 1995, Cypherpunk Holdings was formerly known as Khan Resources Inc. but the company changed its name in November 2018. Cypherpunk invests in cryptocurrencies and privacy technologies and is listed on the CSE under the ticker HODL. CEO Antanas Guoga, or Tony G, is a well known high stakes poker player and former member of the European Parliament. He founded the Blockchain Centre in Vilnius, Lithuania, in 2018.

Cypherpunk Holdings joins a growing list of major companies with a treasury position in bitcoin such as the Nasdaq-listed Microstrategy and Jack Dorseys Square Inc.

What do you think about this Canadian public company dumping ether and monero for bitcoin? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Bitcoin may see major price volatility at the start of December Here’s why – Cointelegraph

The price of Bitcoin (BTC) faces two crucial events on Dec. 1 right after the weekly and monthly candles close. The upcoming weekly candle close is particularly noteworthy because it could mark the first red weekly candle since late September.

The monthly candle will be significant since it would mark the highest close in Bitcoins history if the price remains over $13,791.

There are three key factors that could cause the volatility of Bitcoin to spike upon the weekly and monthly candle close. The factors are general uncertainty around the BTC price, record-high futures trading activity and open interest, as well as the overextended weekly chart.

Meanwhile, traders have turned cautiousanticipating a pullback in the near term despite the rebound in price from around $16,500 on Nov. 28.

There are two key trends that could be fueling the recovery of BTC. First, Guggenheim Investments, a global asset management firm with over $233 billion in assets under management, secured the right to invest $500 million in the Grayscale Bitcoin Trust.

In the U.S., where a Bitcoin exchange-traded fund (ETF) does not exist, the Grayscale Bitcoin Trust is the first point of entry for most institutional investors. Deribit reported that the news triggered significant buying activity in the options market. The firm said:

Second, high-net-worth investors and whales might be buying the dip in anticipation of Monday. In recent weeks, as quantitative traders pointed out, most of the buyer demand came from the U.S.

Some speculate that the demand is coming from Time-weighted Average Price (TWAP) algorithms, typically used by institutions and funds. Since TWAP algorithms would get activated again on Monday, this could add to the buyer demand for BTC.

There is a high degree of uncertainty in the cryptocurrency market at the moment as traders are divided on where the price will go next.

Some are confident that BTC likely bottomed during the weekend due to market trends. For instance, Avi Felman, the head of trading at BlockTower, said that on Coinbase the recent pullback caused BTC to transfer to stronger hands.

Sell-offs during a bull market can become overextended, especially because traders often look for reasons to sell. As such, overleveraged buyers get caught at local tops, leading to cascading liquidations. But BTC frequently tends to recover right when traders expect more downside and market sentiment reaches a low point. Felman explained:

Additionally, various technical indicators signal that Bitcoin is neither overbought nor oversold across lower timeframes.

On the daily chart, as an example, the Relative Strength Index (RSI) of BTC is at around 55. An asset is considered oversold on the RSI indicator if it drops below 35. Hence, Bitcoin is in an awkward position because high time frame charts, like the weekly chart, remain overbought.

This has led traders to predict a potential correction to the $13,000 to $14,000 support range could soon occur. This high level of uncertainty in the market could cause volatility to increase as the new weekly and monthly candles open.

The open interest across futures exchanges would likely increase again, raising the probability of big price movements.

Throughout the rally of Bitcoin in recent weeks, the trading activity on major BTC futures exchanges has continuously increased. Despite the recent drop, the open interest on top futures trading platforms remains above $1 billion. When the open interest is high, the likelihood of a short or long squeeze increases, which may result in large spikes in volatility.

The Chicago Mercantile Exchange (CME), in particular, has seen a noticeable increase in Bitcoin futures trading activity. Interestingly, Arcane Research reported that large traders who hold a minimum position of over 25 BTC more than doubled on the CME in 2020.

The researchers at Arcane explained that this trend shows increased institutional demand for Bitcoin. The heightened trading activity on CME, which tailors to accredited and institutional investors, can cause short-term volatility to increase due to the large sizes of trades. The researchers said:

Although the institutional demand for Bitcoin has been rising, the futures market remains a major factor driving volatility.

Cointelegraph reported earlier this week that when BTC fell from $19,400 to $16,200 largely due to cascading liquidations, over $400 million worth of futures contracts were wiped out on Binance Futures alone.

Bitcoin will see a new weekly candle emerge in the next 48 hours, but the variable remains the overbought nature on the weekly time frame.

The RSI of the weekly chart is at 88, and when the RSI of an asset surpasses 75, it is considered overbought. The weekly candle is also significantly above short-term moving averages (MAs), namely the 5-day, 10-day and 20-day MAs.

Traders have been anticipating a correction because the weekly chart is overextended. It would make a more sustainable rally if BTC consolidates above short-term MAs, as it would give time for the derivatives market and spot buyer demand to catch up.

Furthermore, the monthly candle chart of Bitcoin is even more overextended than the weekly chart. The 5-day, 10-day and 20-day MAs are at $13,129, $10,778, and $9,685, respectively, and significantly below the current market price.

But whether technicals alone would cause BTC to correct in the foreseeable future remains uncertain. If institutional buyers, like Guggenheim, continue to make headlines by entering the Bitcoin market, it could attract additional buyers and retail interest in the near term.

To boot, December has historically been highly volatile for the price of Bitcoin. Though December 2019 recorded a relatively low level of volatility, the end of 2017 and 2018 saw wild price swings including the all-time high BTC price of nearly $20,000 and the bear market bottom, respectively.

If a similar pattern emerges, BTC price could see a spike in volatility as it heads towards the end of the year.

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Bitcoin may see major price volatility at the start of December Here's why - Cointelegraph

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Weekly Recap: Bitcoin and Ethereum Trigger Mass Liquidations – FX Empire

But during the week of October 23rd, it appears that cryptocurrency enthusiasts decided to follow the herd.

Bitcoin kicked off the week trading at a low of $18,437, and while prices consolidated throughout the following 28 hours, investors began to enter a state of FOMO. Market participants seem to have feared to miss the chance for another leg up that will send BTC towards $25,000. As a result, a significant number of buy orders were recorded across multiple cryptocurrency exchanges on November 24th that pushed prices up nearly 6%.

As the flagship cryptocurrency surged to a new yearly high of $19,500 on November 25th, some of the so-called whales were selling their holdings. The sudden spike in selling pressure triggered a long squeeze across the board. Consequently, Bitcoin took a 17% nosedive to hit a low of $16,200.

On its way down, on-chain data shows that roughly 200,000 traders betting to the upside were liquidated. Losses accounted for more than $2 billion in long positions. Despite the significant downward price action, Bitcoin partially recovered during the last two days of the week.

Prices rose over 5%, and BTC closed Fridays trading session, November 27th, at $17,000. Bitcoin holders incurred a weekly loss of 7.74%.

Like Bitcoin, Ethereum also kicked off the week of November 23rd on a good posture. Its price entered Mondays trading session at a high $574 and quickly continued rising. It seems like the break of an ascending triangle on November 20th was significant enough to allow the upward momentum to spill over the next few days.

As speculation mounted around the Ethereum Foundation reaching the threshold to roll out the most anticipated ETH 2.0 upgrade, market participants bought into the narrative. The spike in demand allowed Ether to surge to a new yearly high of $620. But as prices peaked at this level, the Tom Demark (TD) Sequential indicator presented a sell signal on the 4-hour chart indicating that a pullback was going to occur.

Those who were able to spot the bearish formation in time were lucky since what followed was a 23% correction. Ethereum saw its price plummet from a high of $620 on November 24th all the way down to a low of $480 on November 26th. Despite the significant losses, stablecoins began to flood exchanges as prices were collapsing.

More than 720 million USDT, 230 million DAI, 85 million BUSD, and 317 million USDC were transferred to known exchange wallets. The uptick in stablecoins exchange inflow suggested that sidelined investors were preparing to buy the dip. The increase in buy orders helped Ethereum recover some of the losses incurred to close Friday, November 27th, at $517.

Ethereum holders incurred saw their portfolios shrink by 10.13% during the week of November 23rd.

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Russia to Recognize Bitcoin as Property With Legal Protection | Regulation – Bitcoin News

The Russian prime minister has outlined the governments plans to amend existing laws to recognize cryptocurrency as property. This means bitcoin owners will have the legal rights to defend and recoup their cryptocurrencies in court.

During the government meeting on Thursday, Russian Prime Minister Mikhail Mishustin talked about Russias plans for cryptocurrency regulation alongside other initiatives to fight against the spread of the coronavirus pandemic.

After outlining several solutions the Russian government has come up with, Mishustin said, Another solution concerns cryptocurrencies. He added that This is a relatively new tool, interest in which is constantly growing.

The Russian prime minister continued: The government plans to direct the development of this market in a civilized direction so that the owners of such assets can protect their rights and interests, and the creation of shadow schemes would be difficult. In order to achieve this, Mishustin said, Lets make a number of changes to the tax code, elaborating:

Digital financial assets will be recognized as property, and their owners will be able to count on legal protection in the event of any illegal actions, as well as defend their property rights in court.

Although there have been discussions among lawmakers to treat bitcoin as taxable property, it is not yet official. Different courts have, therefore, made their own decisions whether to recognize the cryptocurrency as property. In July, a Russian court denied a crypto owner the return of his cryptocurrencies, including bitcoin. The court judged that since bitcoin was not considered property under Russian law, its theft was not a crime. In December last year, the supreme court ruled that tokens were assets like money and property.

Russia will begin regulating cryptocurrency next year; President Vladimir Putin signed the crypto bill into law in August. However, Russian lawmakers are still trying to add to the bill.

In November, the Ministry of Finance developed new amendments to the crypto regulation, introducing new rules and penalties for unreported and underreported cryptocurrencies. Meanwhile, the Bank of Russia is seeking public comments on the central bank digital currency (CBDC), the digital ruble.

What do you think about Russia recognizing bitcoin as property? Let us know in the comments section below.

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