In a Twitter post, McGlone pointed out that the path of the least resistance level remains higher considering the crypto sector has made some solid gains this year. According to McGlone: He noted that the digital currency sector has found some solidification this year, giving room for a higher price surge. His sentiments come after Bitcoin on Monday hit an all-time yearly high at $19,850, the highest price in three years....
The non-profit consumer organization asked vehicle owners whether or not they would buy their same car again, then sorted the responses by vehicle brands. The survey used data from the 2018 to 2020 model years and a few 2021 models that did not significantly change over time. Consumer Reports noted that some of the ratings might be based on a single model year. Top six most like car brands Most owners said they would buy their car again if given a chance, but Tesla (NASDAQ: TSLA) received the highest score in the “would buy again” category....
So far this week cryptocurrency markets have been relatively flat with total capitalization hovering just below $200 billion according to Coinmarketcap. Things have started to bubble up indicating a larger move is imminent but the monthly trend is still downwards. Bitcoin In The Driving Seat As usual, Bitcoin is commanding the direction that the wider market will take so whatever happens to BTC in the next few days will result in the rest following....
Thus, many cryptocurrency traders are attempting to predict where the next meme coin will trade as it moves up the list of top 100 cryptocurrencies in terms of market capitalization. Interestingly, the cryptocurrency community at CoinMarketCap is not overly bullish on the price of the token, predicting that APE will trade at $16.78 by the end of May 2022. The estimated price reflects a 2.83% or $0.46 increase over ApeCoin’s existing price, at the time of publication....
All other leading cryptocurrencies among the top 10, such as Ethereum (ETH), Binance Coin (BNB), and Solana (SOL), all experienced losses bringing the market down by 2.27%. Nevertheless, in spite of the short-term correction, the crypto market capitalisation has seen an inflow of almost $2 trillion over the last 12 months taking the market cap $566.92 billion on November 23 2020 compared to $2,521.45 billion as of November 23, according to CoinMarketCap statistics....
As a result, the global cryptocurrency market has seen $683 billion wiped off its market capitalization in a little more than three weeks, with the value falling from $2.208 trillion on January 1 to $1.525 trillion as of Monday, January 24. Notably, the crypto market is down 7.42% decrease over the last day, while the overall crypto market volume has decreased by 11.71% in the previous 24 hours to $94....
Indeed, the rapid collapse of FTX and the currencies linked with it, which were once worth a combined total of $32 billion, such as FTX Token (FTT) and Solana (SOL), startled the sector. However, Web3 has shown remarkable resilience over the previous two weeks; despite an 11.67% reduction in activity, there were still 1.9 million daily Unique Active Wallets (UAW) and over 25 million transactions recorded, according to the latest data by DappRadar shared with Finbold on November 17....
Though cryptocurrencies are still not widely accepted at merchant outlets and payment gateways, they have started to make a difference. Consensys-backed blockchain operating system of global commerce and finance, Codefi, understands these challenges better. The firm suggests, Decentralized finance (or DeFi) is quickly taking over the imagination of crypto investors, who are now opening up to the possibility of bank-like internet earning accounts and crypto-backed loans. Codefi suggests that this has helped in creating a new financial architecture that goes beyond third parties and centralized systems....
Data provided by CoinMarketCap indicates that the asset’s market capitalization dropped to $78.76 billion from $92.23 billion recorded three hours earlier on May 8, 2021. The sharp decline in doge’s market cap emerged after the digital currency’s value plunged to $0.67 from the $0.73 all-time high price. Dogecoin’s volatility is further exhibited by the fact that at some point it witnessed a $6.3 billion surge in market capitalization over the last 24 hours correlating with the earlier record price....
In an interview with Hans Böckler, the economics Professor singled out bitcoin’s shortcomings like the ability to support vices such as money laundering, terrorism, carbon footprint, and price volatility as the main factors that disqualify it as a currency. However, Bibow called for strict regulation of the crypto sector while acknowledging that bitcoin’s underlying blockchain technology is revolutionary for sectors like finance and trade. Challenges in complete bitcoin ban He acknowledged that a complete ban on bitcoin is not possible but relevant institutions can move to protect the financial system from the asset’s perceived negative impact....
The company made losses early this year in the wake of the coronavirus pandemic. In the Friday proposal, Electrolux is forwarding 7 crowns per share dividend. The final decision on the proposal will be made during an extraordinary general meeting set for November 3rd. With the pandemic’s impact, the electronic maker had to withdraw the 8.50 crown per share payout for 2019. During the meeting, the Electrolux board will further propose that a performance-based long-term share program for 2020 is implemented as part of its original proposal for the AGM 2020....
Specifically, Ethereum has been recording extremely low fee levels – which is unusual for the one indicator that many of the network’s critics often pointed out as too high when disparaging it (including the founder Vitalik Buterin, admitting they were a problem for the chain’s usability). The information about the low fees was demonstrated on a chart included in a Santiment report published on May 25. Signs of hibernation Additionally, the connection between the low fees information and the stablecoin DAI velocity was demonstrated in a tweet and chart published by the on-chain and social metrics platform Santiment on May 26....
The European Securities and Markets Authority (ESMA) will supervise the industry’s larger participants, while the national authorities in the bloc of 27 countries will be responsible for issuing licenses to companies dealing in crypto assets, Reuters reported on August 3. On Tuesday, August 2, the watchdog issued a public procurement request to companies that provide trading data on cryptocurrency transactions. These transactions include spot trades and derivatives. Monitoring to cover all major crypto exchanges and assets Notably, the public procurement request excludes transactions from blockchain or distributed ledger technology, both of which are fundamental to cryptocurrencies such as Bitcoin....
This rate hike represents the largest one the governing council of the ECB has made in a single session. Despite such an aggressive move, the benchmark rate for lending to banks is at 1.25%, an exceedingly low level compared to historical data. Furthermore, the ECB promised more rate hikes in the future as the end of inflation is still not in sight. Inflationary highs Year-on-year (YoY) inflation in the eurozone reached 8....
Notably, five of the top ten most prominent fintech organizations in 2022 are crypto companies, according to a study shared with Finbold on September 20 by Utility Bidder. This research took into account various factors, including value, funding, social following, and internet visibility, to achieve an overall fintech index score. Among the top ten firms, OpenSea, the world’s largest non-fungible token (NFT) marketplace, ranked second and the highest among the blockchain and cryptocurrency firms on the list with an overall fintech score of 8....
Limited editions and collaborations are two of the most lucrative business strategies for brands with more than $6 billion expected to be generated in the sneaker resale business by 2025 as collectors and sneakerheads expand their collections. By analyzing the difference between the sneakers’ initial retail price and their current resale value, a recent study conducted by DealA and shared with Finbold has identified the street footwear styles that command the highest prices on the secondary market....
The acquisition was confirmed by Vidente, the owner of Bithumb, who noted that talks have already been held on a possible sale, CNBC reported on July 26. Notably, if the acquisition materialises, FTX is considering different options, including a full takeover of Bithumb or joint management of the exchange. Furthermore, the deal will likely expand Bithumb’s footprints in Asia, considering that it has already signed several agreements in the region; currently, Bithumb is among the most popular crypto exchanges in Asia....
Longtime shareholder Trian Fund sold 15.5M shares at the end of the last month, representing 26% of its overall holdings. Trian’s investment went wrong in GE as the shares of the struggling Industrial Conglomerates dropped 33% each year on average since Trian Fund initiated a stake in GE. Along with the slowing demand for power and Renewable Energy, the company’s aviation businesses hit hardest by the COVID-19 related disruptions. Teal Group analyst Richard Aboulafia forecasts a 75% decline in demand for airplane maintenance and spare parts, while International Air Transport Association said airlines would lose $84B in 2020....
The Bloomberg Aggregate Index, a benchmark for government and corporate debt total returns, has now fallen 11%, from a high in January 2021. The loose monetary policy that accompanied Covid and post-Covid periods, seems to be coming to an end. This could be a blow to money managers everywhere, but it also complicates the lives of the elderly population, which is heavily reliant on fixed-income investments. Inflation scares are abundant, with the Czech Central Bankers and other notable EU financial institutions raising rates to try and fight the ragging inflation....
This follows the company’s move to bolster its legal team to work on the ETF application after hiring former United States solicitor general Donald B. Verrilli Jr., who served between 2011-2016. Through his Twitter account, Bloomberg senior ETF analyst Eric Balchunas examined the appointment as Grayscale’s preparedness to sue SEC if the regulatory body fails to approve the Bitcoin spot ETF by the July 6 deadline. SEC likely to approve spot Bitcoin ETF According to Balchunas, the SEC will likely approve the application, and Verrilli, a former Obama administration employee, will play a key role....
