NTBA Mainstreet http://ntbamainstreet.org/ Sat, 12 Jun 2021 01:14:56 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://ntbamainstreet.org/wp-content/uploads/2021/03/ntbamainstreet-icon-70x70.png NTBA Mainstreet http://ntbamainstreet.org/ 32 32 We have installed Beta 2, new features here https://ntbamainstreet.org/we-have-installed-beta-2-new-features-here/ Sat, 12 Jun 2021 00:38:51 +0000 https://ntbamainstreet.org/we-have-installed-beta-2-new-features-here/

In early fall, Google will launch Android 12 for the initial device selection. To eliminate the bugs, the brand plans to release several beta versions throughout the summer. In particular, we released the first beta of Android 12 a few weeks ago, although some new features are not yet ready.

Read also : Android 12: We tried its first beta, the first new features are here

With the beta 2 of Android 12, Google is building the platform for Material You, the new interface for its smartphones, as well as some of the functions promised during its I / O conference. We have installed this new version of the future mobile OS from Google.

Some design changes

Material U, Android’s new design capable of changing the colors of the computer to your liking, has yet to be released in this beta.
However, we believe that Google has started the early work. The clock on the locked screen now changes to the background color, while there are several cosmetic changes throughout the system.
For example, Notification Center is entitled to a very round (and colorful) interface, while some interface bits, such as the volume control or the menu to turn off your phone, completely change their design with the Beta 2.

Google Pay and Google Home will change location

With Android 11, Google added a menu dedicated to payment cards and attached home. You can access it by pressing and holding the side button for a few seconds and the options to turn off the device will appear below.

With Android 12 Beta 2, this menu no longer exists. As promised during Google I / O, the Google Pay Cards and Google Home components are now grouped together in the action center. Two new shortcuts let you quickly open these two apps.

Confidentiality: The dashboard is coming

In the privacy settings there is a new menu called “Privacy Dashboard”. Offered during I / O, it allows owners of Android smartphones to follow spy applications.
By clicking on the example in “Location”, we will access the software history of our recent location, with the correct time each time. Google’s goal is to give you the ability to revoke access that you deem illegal.

An indicator for microphone and camera

Another change related to privacy is that Google now tells you when an app is using your microphone or camera. To prevent an app from staring at you in surprise, a green indicator will appear at the top right of the screen each time you tap on any of its components.

WiFi and cellular connection are integrated

Finally, the latest innovation of Android 12 Beta 2 is appreciable. In the notification center, a new system called “Internet” will appear.
It allows you to manage your 4G / 5G connection or join the WiFi network in one place, by toggling the “WiFi” and “Cellular” buttons. This is the first time that an operating system does not differ from these two ways of accessing the Internet.

The next beta of Android 12 will be available in July. If all goes well, you should make its first appearance there. From August, Google will have to start finalizing its OS by managing stability.

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Black Press Media winners take gold at British Columbia and Yukon Journalism Awards – Coast Mountain News https://ntbamainstreet.org/black-press-media-winners-take-gold-at-british-columbia-and-yukon-journalism-awards-coast-mountain-news/ Sat, 12 Jun 2021 00:16:00 +0000 https://ntbamainstreet.org/black-press-media-winners-take-gold-at-british-columbia-and-yukon-journalism-awards-coast-mountain-news/

Organized by the BC & Yukon Community News Media Association, the awards honor and celebrate the work of community journalists across the province for advertising, photography, writing and overall newspaper excellence.

The winners were announced in a virtual ceremony on Friday June 10.

Here are the Black Press Media winners: (gold in bold, ranked in order)


• Eagle Valley News (silver)

• North Thompson Times (bronze)


• Revelstoke review

• 100 Mile House Free Press (silver)


• News from the inside (silver)

• Salmon Arm Observer (bronze)


• News from the Alberni Valley (silver)

• Williams Lake Tribune (bronze)


• News from the Ark of Peace

• Vernon Morning Star (silver)

• Langley Advance Times (bronze)


• Surrey Now-Leader


• Langley Advance Times, Ryan Uytdewilligen – Friday afternoon music

CHRONICLE AWARD Aberdeen Publishing

• Langley Advance Times, Matthew Claxton – The Painful Truth (Silver)

• The Similkameen Spotlight, Andrea DeMeer – New Old Dog Stuff (Bronze)


• Parksville / Qualicum Beach News, Philip Wolf – Cold Weather Woes

• Cowichan Valley Citizen, Andrea Rondeau – Fire inspections

• Hope Standard, Emelie Peacock – Cat Killers


• North Island Gazette, Zoe Ducklow – What is 7 Mile Landfill doing with your recycling? (silver)

• Nelson Star, Bill Metcalfe – Young climate strikers turn 53 weeks (bronze)


• Abbotsford News, Tyler Olsen – Is the danger of the quarry reason enough to remove the scarce (money)

Peregrine falcon nesting site?

• Revelstoke Review, Liam Harrap – Talking Garbage, Saving Bears (bronze)


• Chilliwack Progress, Jenna Hauck – Daddy saves two daughters after truck dives in

Cultus Lake (silver)


• Nelson Star, Tyler Harper – Dangerous Oasis

• Revelstoke Review, Jocelyn Doll, Liam Harrap – Out of the Shadows (silver)

• Ashcroft Cache Creek Journal, Barbara Roden – Small communities can be a big help

Alzheimer’s journey (bronze)


• Victoria News, Katherine Engqvist, Nina Grossman, Nicole Crescenzi, Kendra Crighton – Mental Health: A Look at a Fractured System (Silver)

• Peace Arch News, Aaron Hinks – A parallel pandemic (bronze)


• The Similkameen Spotlight, Andrea DeMeer – Sex offender on parole lives near Princeton School


• Hope Standard, Emelie Peacock – The Coming Story


• Nelson Star, Tyler Harper – Lily and the Lake

• Hope Standard, Emelie Peacock – Mosquitoes, Mountain View & Trail Magic (Silver)


• Yukon News, John Hopkins-Hill – Cover of Yukon Quest

• Chilliwack Progress, Eric Welsh – Laing’s life changed forever with a blow to the head (silver)


• Yukon News, Crystal Schick – Ice Spirals

• Cloverdale Reporter, Malin Jordan – Cloverdale’s mother meets a driver involved in an accident that killed her son (bronze)


• Nelson Star, Tyler Harper – Ida and Lily take a break

• Hope Standard, Jessica Peters – Never Too Soon (Silver)

• Williams Lake Tribune, Monica Lamb-Yorski – Seniors Center Parking Lot Café Has Success (Bronze)


• Yukon News, Crystal Schick – A look at the COVID-19 drive-thru test facility

• Oak Bay News, Travis Paterson, Dan Ebenal, Christine Van Reeuwyk, Katie Engqvist – A Day in the Life of Oak Bay (bronze)


• Kelowna Capital News, Phil McLachlan – Kelowna World War II veteran reflects (silver)


• Cowichan Valley Citizen, Kevin Rothbauer – Fourth Island Title for Brentwood (Silver)

• Peace Arch News, Aaron Hinks – Runners finish Boston Marathon in South Surrey (bronze)


• North Island Gazette, Bill McQuarrie – “Spacecapades” Ice Carnival

• Cariboo Observer, Lindsay Chung – The musher and the courier (silver)

• Hope Standard, Barry Stewart – For the Love of Hockey (bronze)


• Hope Standard, Emelie Peacock – Potash Crash

• Williams Lake Tribune, Angie Mindus – Ville, volunteers scramble to save infrastructure (money)

• The Northern View, KJ Millar – Downtown Devastation (bronze)


• Vernon Morning Star, Jennifer Smith – Former students of the Vernon Girls trumpet group

• Victoria News, Arnold Lim – Victoria Native Friendship Center (silver)

• Saanich News, Devon Bidal – Students make necklaces to raise funds for injured Saanich girl (bronze)


• Williams Lake Tribune, Angie Mindus, Monica Lamb-Yorski – Flood causes state of emergency

• Kelowna Capital News, Twila Amato, Michael Rodrurez, Jen Zielinski – Police confirm man was shot dead at Ramada Hotel, search for suspect continues (silver)


• North Island Gazette, ZoeDucklow – Baby Salmon in a Safe Haven on North Vancouver Island (Silver)

• Comox Valley Record, Erin Haluschak – “Anyone Knows Something”: A Look at Vancouver Island’s Missing Persons (bronze)


• Campbell River Mirror, Alistair Taylor, Mike Davies, Marc Kitteringham, Binny Paul – Dealing with COVID

• Kelowna Capital News, Phil McLachlan – Thoughts from the front lines


• Nelson Star, Tyler Harper – Ramadan during a pandemic

• Ashcroft Cache Creek, Barbara Roden – Many big city shoppers flock to smaller towns for supplies

• Lake Country, Jennifer Smith – Local scientist first to take photo of COVID-19


• Vernon Morning Star, Glenn Mitchell

Capital savings on the coast NEW JOURNALIST OF THE YEAR

• Vernon Morning Star, Brendan Shykora

• Saanich News, Devon Bidal

• Yukon News, Gabrielle Plonka


• Comox Valley Record, Erin Haluschak – Trio Magazine (silver)

• Maple Ridge-Pitt Meadows News – Lisa Farquharson and Team – Bijou (Bronze)


• Revelstoke Review – Myles Williamson, Josh White, Tammy Robinson and Anthony Cassell – The Hungry Toque

• Oak Bay News, Janet Gairdner, Susan Lundy, Lia Crowe, Michelle Gjerde – Tweed Magazine, winter issue (bronze)


• Goldstream News-Gazette, Michelle Cabana and the team – We remember the courage

• Langley Advance Times Team – Heroes in Education (bronze)


• Revelstoke Review, Jocelyn Doll, Liam Harrap, Myles Williamson, Sydney Watt – Women of inspiration

• Alberni Valley News, Teresa Bird, Susie Quinn, Elena Rardon, Rachel Theus – We Will Remember Them (Silver)

Like us on Facebook and follow us on Twitter.

Would you like to support local journalism? Make a donation here.


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Securities Lending Now Available In Greenville, SC, Thanks To Advance America And LoanCenter Partnership https://ntbamainstreet.org/securities-lending-now-available-in-greenville-sc-thanks-to-advance-america-and-loancenter-partnership/ Fri, 11 Jun 2021 21:08:08 +0000 https://ntbamainstreet.org/securities-lending-now-available-in-greenville-sc-thanks-to-advance-america-and-loancenter-partnership/

GREENVILLE, SC – June 11, 2021 – (Newswire.com)

Advance America partners with LoanCenter to bring new fast-track securities lending options to borrowers in Greenville, SC.

Advance America and LoanCenter partnership in Greenville, South Carolina

Advance America is now working with LoanCenter to provide South Carolina borrowers the ability to request quick access to funds based on the value of their vehicle up to $ 25,000.

This means that access to LoanCenter securities lending is now available at all Advance America locations in South Carolina, as well as through AdvanceAmerica.net.

What are securities lending?

Securities lending, a form of secured loan, provides same-day access to money based on an estimate of your vehicle’s value if you are approved.

LoanCenter securities loans offer up to $ 25,000 with interest rate as low as 36% APR on loans over $ 5,000. Advance America makes title loan references to LoanCenter. Loans are made by Wilshire Commercial Capital, LLC and other lending partners, and are subject to lender approval.

While paying off a title loan, the vehicle remains with the owner, but the title is collateral for the title loan. This means that failure to adhere to a repayment plan could result in the vehicle being taken back or sold. Borrowers should make sure that the repayment plan is achievable within the income limits of the borrower.

Borrowers in Greenville, SC apply for securities lending online or at Advance America stores

It is easy to apply for a title loan online through LoanCenter, where potential customers can begin the process by providing information about the vehicle such as its year, make, model and mileage.

Prospective clients can also apply for securities loans by calling LoanCenter and getting an appraisal over the phone. Similar information will be needed to estimate the value of the vehicle to be used to secure the loan. Potential customers will also need to provide the requested documentation.

Publicity. Scroll down to continue reading.

To apply for a LoanCenter securities loan in person, visit any of the Advance America sites in South Carolina, including the list below.

906 W. Greenwood St., Ste. 1 Abbeville, SC 29620

635 highway. 28 Bypass, Ste. A Anderson, SC 29624

3300 N. Main St., Ste. G. Anderson, SC 29621

4030 highway. 9 boiling springs, SC 29316

718-A S. Alabama Ave. Chesnee, SC 29323

6121-C Calhoun Memorial Hwy. Easley, SC 29640

1007 W. Floyd Baker Blvd. Gaffney, SC 29341

2435 E. North St., Ste. 1117 Greenville, SC 29615

3403 W. Blue Ridge Drive Greenville, SC 29611

1178 Woodruff Road, Ste. 15 Greenville, SC 29607

220 Bypass 72 NW, Ste. B Greenwood, SC 29649

Publicity. Scroll down to continue reading.

14164 E. Wade Hampton Blvd. Greer, SC 29651

11090 Asheville Hwy., Ste. 5 Inman, SC 29349

1736 SC Hwy. 14 Landrum, SC 29356

900 E. Main St., Ste. F Laurens, SC 29360

300 Spartanburg Highway, Ste. # 302 Lyman, SC 29365

411 W. Butler Road, Ste. B Mauldin, SC 29662

7486-B chemin Augusta Piedmont, SC 29673

160 Bi-Lo Place Seneca, SC 29678

512 SE Main Street Simpsonville, SC 29681

1735 John B. White, boul. Ste. 10 Spartanburg, SC 29301

975 Beaumont Ave. Spartanburg, SC 29303

1511-B Asheville Hwy. Spartanburg, SC 29303

Publicity. Scroll down to continue reading.

436-B Duncan Bypass Union, SC 29379

About Westlake Technology Holdings:

Westlake Technology Holdings is an automotive and financial technology company headquartered in Los Angeles, California with approximately $ 12.14 billion in assets under management. Westlake Financial (“Westlake”) is the originator of indirect retail automobile payment contracts through a nationwide network of new and used automobile and powersports dealers. Westlake also offers the purchase of loan portfolios, credit facilities and portfolio services through its Advanced Lending & Portfolio Services (ALPS) division, www.WestlakeALPS.com; floor plan lines of credit are provided by its Westlake Flooring Services division, www.WestlakeFlooringServices.com; the shared cash flow auto loan through Westlake’s wholly owned subsidiary, Western Funding Inc., a Nevada-based auto lender; indirect auto leasing for credit unions through Westlake’s subsidiary, Credit Union Leasing of America (CULA); Dealer leads and direct-to-consumer auto loans are offered by Westlake Direct; consumer securities loans are offered through Westlake’s wholly owned subsidiary, Loan Center, www.loancenter.com; and commercial real estate loans are offered by Westlake Capital Finance, www.WestlakeFinancial.com.

Press Releases Department

Primary source:

Securities Lending Now Available In Greenville, SC, Thanks To Advance America And LoanCenter Partnership

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UPS adds dynamic routing to ORION, saving 2-4 miles per driver https://ntbamainstreet.org/ups-adds-dynamic-routing-to-orion-saving-2-4-miles-per-driver/ Fri, 11 Jun 2021 15:45:31 +0000 https://ntbamainstreet.org/ups-adds-dynamic-routing-to-orion-saving-2-4-miles-per-driver/

Dive brief:

  • UPS is expected to complete an upgrade to its on-road integrated navigation and optimization technology known as ORION in July, said chief information and engineering officer Juan Perez. during the company’s investor day this week.
  • The upgrade, called “dynamic ORION,” allowed the company to reduce driver routes by an average of two to four miles per driver, Perez said, adding that the original ORION implementation resulted in a eight mile reduction per driver. The new system is already in use by 97% of the van fleet that uses ORION.
  • “The new features present our drivers with re-optimized routes based on changing conditions and provide them with step-by-step instructions to reduce excess miles,” he said.

Dive overview:

Logistics companies are more interested in route planning as packages flow through their networks. The increases in volume prompted them to find the most efficient way to get them delivered to their final destination. For UPS, it’s a job that has lasted for decades.

UPS tested its ORION algorithm between 2003 and 2009, with pilot tests carried out on eight sites between 2010 and 2011, according to the company.

The rollout dynamic routing upgrade began rolling out in the fall of last year, between September and October, according to Matthew O’Connor, a spokesperson for UPS.

In previous versions of ORION, drivers’ routes were downloaded to their handhelds – known as the delivery information acquisition device – before they left the facility for the day. Now, dynamic routing allows these routes to be automatically updated throughout the day.

“So if we have a pickup request coming in, you don’t need to have a supervisor call the driver to say, ‘Hey, can you please include this pickup'”, O’Connor said. Dynamic Routing will automatically add pickup and modify the route to include it in the most efficient way possible.

Amazon is also looking for upgrades to its routing algorithm and is using a contest and the $ 100,000 prize promise to get outside help. Amazon specifically wants to find a way for the algorithms to retrieve the knowledge gained from a delivery driver, such as where to park and how best to avoid traffic in particular neighborhoods.

“Cities in particular are becoming more and more complex to operate,” Matthias Winkenbach, director of the Megacity Logistics Lab at the Massachusetts Institute of Technology, said in February of the Amazon competition. “They are more and more crowded, more and more dense, it becomes more and more difficult to deliver goods efficiently in the city.” Amazon has partnered with MIT for the competition.

Cost savings are one of the main reasons companies turn to route planning tools: driving less means less fuel. But companies often promote the investment by emphasizing its advantages in terms of sustainability.

“It naturally follows that if you decrease the number of kilometers, you decrease the amount of fuel burned and therefore carbon. The incentives are perfectly aligned when it comes to cost savings and greening,” Neil Menzies, managing director of LEK Consulting, said earlier this year.

But planning considerations for UPS go beyond the last mile routing offered by ORION. UPS also strives to achieve efficiencies before packages reach delivery trucks, with its network planning tools and harmonized business analysis tool. The analytics tool connects multiple data sources and allows it to see how packages flow through its facilities, O’Connor said.

“It basically allowed us to create a digital twin of real-time parcel flow,” he said.

The tool examines variables such as the size, type and final location of the package. And, like the routing performed by ORION, it determines the most efficient way to travel from point A to point B through the UPS facilities.

Perez noted that the benefits of this type of routing were evident when the country was hit by a severe winter storm in February.

“[Network Planning Tools] helped us minimize grid disruption by applying advanced analytics to help us route volume around affected areas, adapt to changes in volume and ensure we deliver capacity where it is ultimately needed, ”said he declared.

If the roads are impassable, the system will redirect packages through the network to avoid those areas, O’Connor explained.

UPS plans to make more upgrades to its network planning tools platform later this year with enhanced movement and planning optimization capabilities.

The logistics company strives to optimize the efficiency of its network at a time of increasing demand. He expects the average daily volume to increase by almost 20% between 2020 and 2023, CEO Carol Tomé said this week.

“We expect global demand for small-plan services to exceed industry capacity over the next several years,” Tomé said.

She described other efforts, including investments in automation and weekend delivery that “add capacity without adding capital investment.” Using data analytics to reduce kilometers driven also seems to be an integral part of this strategy.

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Best Windows Application Alternatives for Linux: Switching Easier! https://ntbamainstreet.org/best-windows-application-alternatives-for-linux-switching-easier/ Fri, 11 Jun 2021 06:45:00 +0000 https://ntbamainstreet.org/best-windows-application-alternatives-for-linux-switching-easier/

One of the main reasons people refrain from switching to Linux is the downtime of popular apps. Although not all software tools for Windows are available on Linux, support for software on Linux has improved a lot in recent years. Thanks to alternatives created by the open source community as a whole.

A few months ago I did an article on how Linux is better than Windows. In this one, let’s take a look at some of the software alternatives that make Linux a compelling option for people tired of Windows.

Alternatives to Windows apps for Linux


Content creators would be the ones who would miss Windows after switching to Linux. Adobe’s comprehensive suite of apps, used by many creators, is the number one reason to stay on Windows. One of the great Adobe Photoshop alternatives for Linux is GIMP, which stands for GNU Image Manipulation.

Unlike Photoshop, GIMP is completely free open source software. Granted, it would take a while to learn it, but it’s still good to learn a free tool rather than paying thousands of dollars a year for Photoshop. It is also not left out when it comes to functionality. Overall, this is one of the best alternatives to Windows apps.

As to why there is no Photoshop for Linux yet, the first reason is because of the Linux market. Second, not everyone who uses Linux is willing to pay for software. Therefore, it does not make sense from a business point of view.

2. Davinci Solve

davinci solve (1)

GIMP might not be as feature rich as Photoshop, but DaVinci Resolve is one of the better alternatives to Premiere Pro in terms of features and price. Many Premiere Pro users have complained about issues, which are really annoying and slow down the workflow. With Resolve things are very different, and it helps you more if you have better material and the time to master it.

For beginners with no previous experience with Premiere Pro, DaVinci Resolve can be overwhelming at first. The free version of the same comes with many features that are enough for you to get started. However, you can get the Studio version for a one-time payment worth $ 399, making it the best alternative to Windows apps for video editing.

If you are a Premiere Pro user, watch this video

I have been using it for over a year. If you are a content creator, the free version would be more than enough, otherwise you always have the option to upgrade. Resolve is also available for Windows and macOS. The only downside here is that the software won’t work if you’re using Intel graphics in Linux.

3. Free office

Libre office - Alternatives to Microsoft Office Windows applications to Linux

Microsoft Office is another main reason people don’t switch to Linux. While the same can be installed on Linux using Wine with PlayOnLinux or another Wine front-end, the installation process might be too complicated for a user who has just upgraded to Linux. Libre Office could be a perfect replacement for Office.

It’s an open source alternative for Office on Windows that’s surprisingly well built. Each application in the Libre Office suite resembles the user interface of its Microsoft Office counterparts and does not lack many features. Moreover, its use is completely free, which makes it one of the best alternatives.

4. Bold

audacious - alternatives to Windows applications for Linux

Audacious is an advanced audio player for Linux and a perfect replacement for the Groove Music app on Windows. It is a free open source application with lots of plugins and customization options to make the reader truly yours.

Audacious also supports audio output to OSS3, PulseAudio, and ASA. It also comes with different audio plugins to enhance your experience. The open source community also keeps it up to date with new features, making it one of the best music players and alternatives to Windows apps.

5. Boldness


Audacity is still one of the best Audition alternatives for Linux. However, it’s not as powerful as Audition. For free software, this allows you to handle things quite well. Audacity is the way to go if you don’t want to pay and are willing to miss out on some of the extra features that Audition provides.

6. OBS Studio

obs studio

If you are using the Xbox Gamebar to record your screen in Windows 10, you should try OBS (Open Broadcaster Software). For free software, it works like a charm and also comes with tons of features.

I recently switched from Pop! _OS to Manjaro and am currently using Windows 10 dual boot. Since I discovered OBS, I have never used the Gamebar app on Windows because OBS has more features. It is easier to edit the screenshots because I can crop to save a particular region.

There are audio and video settings that you can adjust to change the size and quality of the recording. One of the other reasons it’s great is that it consumes very little system resources.

7. Courageous


If you are switching to Linux for privacy reasons, we have other reasons why you should use the Brave browser. Unlike Chrome, it blocks Google’s FLoC (Federated Learning of Cohorts). For more information on this, check out Google’s FLoC, how it works, and how to check if it’s following you.

It comes with built-in ads and tracker blocking, a private window with Tor for added privacy. It is a Chromium-based browser that offers a similar experience to using Chrome. Besides the privacy features, you can also earn money in the form of Brave’s own cryptocurrency, BAT. To learn more, be sure to check out our article on installing Brave to earn rewards. These features make Brave one of the best privacy-focused browsers. It is a perfect replacement for Chrome and Edge Chromium which is also available on Linux.

What else do you miss about Linux?

So these are some of the best alternatives to popular Windows apps. All of the apps on this list are completely free and are used by almost all Linux users.

Do you use an app that you think deserves to be on this list? Share your comments and thoughts in the comments section below.

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SEC Warns Investors About Risks In Bitcoin Futures https://ntbamainstreet.org/sec-warns-investors-about-risks-in-bitcoin-futures/ Fri, 11 Jun 2021 03:50:59 +0000 https://ntbamainstreet.org/sec-warns-investors-about-risks-in-bitcoin-futures/

The United States Securities and Exchange Commission (SEC) has warned investors about the risks of Bitcoin futures trading – citing market volatility, lack of regulation and fraud to name a few – a few.

In a June 10 Investor Alerts bulletin, the SEC outlines key points that investors should “carefully consider” before investing in a fund that buys or sells Bitcoin futures.

“Investors should understand that Bitcoin, including gaining exposure to the Bitcoin futures market, is a highly speculative investment,” the bulletin states.

This latest Bitcoin risk warning from the SEC follows a memo it sent out last month, warning investors “interested in investing in a mutual fund with exposure to the Bitcoin futures market” to consider twice because of the risks.

The final disclaimer notes that while investments in all types of funds come with risk, funds that “buy or sell Bitcoin futures may have unique characteristics and increased risks” compared to others:

“Investors should consider the volatility of Bitcoin and the Bitcoin futures market, as well as the lack of regulation and the potential for fraud or manipulation in the underlying Bitcoin market.”

The SEC also pointed out that the price of Bitcoin does not necessarily correlate with the value of the fund that holds Bitcoin futures positions. Part of the reason, according to the SEC, is that the funds potentially do not have direct exposure to “underlying assets.”

“Futures prices may vary by month of delivery and differ from the spot price of the underlying commodity,” the bulletin said.

The bulletin also emphasized warnings such as “investors should focus on the level of risk they are taking versus the level of risk they are comfortable taking”, which triggered a humorous response on Twitter, with finance and risk researcher and author Nassim Taleb, stating “I am very grateful that we have the SEC, thank goodness! “

Related: JPMorgan Highlights Weak Bitcoin Futures As Sign Of Bear Market

The warning is the second time this week that U.S. regulators have spoken out publicly against cryptocurrency derivatives. On June 8, Dan M. Berkovitz, Commissioner of the Commodity Futures Trading Commission (CFTC) said he thought DeFi markets for derivatives was a “bad idea” and that he did not see “why. they are legal under the CEA. ”

Caitlin Long, founder and CEO of Avanti Financial, has been keeping tabs on accounts of public statements released by U.S. governing bodies amid what she calls a “crypto-regulatory crackdown.” It sharp earlier today, the SEC was probably even more alarmed by foreign platforms:

“The SEC is issuing this warning to investors regarding onshore exchanges, which only offer about 2.5 times leverage. Just imagine how they view offshore exchanges offering> 100 times leverage.”