Crypto Community Social Activity Skyrockets Amid Signs Of A Potential Market Rebound

In this line, as of October 26, the crypto community’s social activity had skyrocketed to hit 910.63 mentions, with the metric likely to attain a new all-time if the rebound is sustained, data by LunarCrash indicates. Implications of social activity on crypto Notably, there exists a connection between cryptocurrency price movement and social media activity. Most social media platforms are viewed as an indicator of the crypto community’s collective thoughts and ideas about the sector....

January 12, 2023 · 2 min · 298 words · Erin Powell

Crypto Market Flirts With 2 Trillion Capitalization Despite Snoozing Bulls Finbold

The global crypto market capitalization has grown by roughly 1.51% in the 24 hours and is currently valued at $1.99 trillion as of February 16, with the market briefly crossing the $2 trillion mark, aided by Bitcoin, which has had a strong start to February, with BTC recovering from six-month lows at the beginning of 2022. Over the previous 24 hours, the entire crypto market volume has decreased by 1....

January 12, 2023 · 2 min · 398 words · Albert Solomon

Crypto Trading Expert Hints Potential Area For Longs On Bitcoin Is Approaching

Upon detailed examination of the maiden token, crypto trading expert Michaël van de Poppe has identified “a potential area for longs on Bitcoin” that could be getting closer and revealed it in a chart illustrating his analysis via Twitter on July 21. According to van de Poppe’s analysis, the potentially oncoming area for making longs on the flagship digital asset that investors should watch out for is around $22,164. However, as a result of the European Central Bank (ECB) increasing interest rates in the eurozone by 0....

January 12, 2023 · 2 min · 317 words · Velma Moats

Crypto Weekend Market Cap Hits 900 Billion All Time High Finbold

The milestone figure of just over $900 billion has eclipsed the January 2018 high of $830 billion, according to charts by Coingecko. Since the same time last year, total market capitalization has surged by 367% as the crypto-asset investment has been largely driven by large institutional funds. Three years ago it was retail investors and traders getting in on the action during the Initial Coin Offering (ICO) boom but this time around the scene is very different....

January 12, 2023 · 2 min · 425 words · Frederick Beck

Delta Air Lines Revenue Slip 88 Full Recovery Could Take Two Years

On the positive side, the passenger airline company claims that it has reduced the cash burn rate from $100m to $20m a day by the end of the second quarter. Besides the worst second-quarter performance since 2008, the Atlanta based company has presented a bleak outlook for the rest of the year. The air travel company forecasts at least two years for a full recovery. The shares of the second-largest US passenger airline plunged following the second-quarter earnings report....

January 12, 2023 · 2 min · 233 words · Mark Martin

Demand For All Electric Vehicles In The Eu Surges 3X In 2021 Finbold

According to data acquired by Finbold, the demand for new passenger battery electric (all-electric) vehicles across Europe surged 231.58% between Q2 2020 and Q2 2021, from 63,422 to 210,298. The figures reflect a triple growth in demand for all-electric vehicles. Elsewhere, demand for the hybrid electric vehicle also spiked by 213.54% to 541,162 representing the biggest growth for all new passenger vehicles in Europe. In total, the electric vehicle registration as of Q2 2021 stands at 751,460, a growth of at least three times from the Q2 2020 cumulative figure of 236,015....

January 12, 2023 · 3 min · 534 words · Kurt Howdeshell

Derivatives Data Hint Ethereum Rally May Abruptly End In A Sell The News Event

In particular, derivatives markets indicate that traders are going for call options projecting a rally in advance before the September upgrade, while futures and options indicate investors expect the value to drop after in a “sell-the-news” scenario, Bloomberg reported on August 12. Most specifically, the investors expect Ethereum to rise to about $2,200 from the $1,880 value recorded by press time. Anticipation for a price pullback Interestingly, after the Merge, which has been revised to around September 15, there is a trend for demand for downside protection....

January 12, 2023 · 2 min · 334 words · Donald Jackson

Desperate Investor Raids Gold Shop To Cover Cryptocurrency Losses

One of them is the 34-year-old Thailand citizen called Montri, who was arrested in Bangkok 11 hours after having robbed a gold shop on June 19, stealing gold necklaces weighing around 31.6 ounces and worth about 1.8 million baht or over $50,000, Thai PBS World reported on June 20. Indeed, Montri, who was charged with armed robbery, admitted to having carried out the crime and described how he parked his motorcycle outside the shop, walked in with a pistol, and ran off with the loot, hiding the motorcycle before returning home....

January 12, 2023 · 2 min · 302 words · Luis Gilbert

Deutsche Bank Slapped With 9 8 Million Fine By Germany S Regulator Finbold

In a press release, BaFin stated that DeutscheBank, in some cases, lacked effective preventive systems and policies as required by the European Benchmarks Regulation. According to the regulations, there is a need for effective benchmarks to curb manipulations and banks such as DeutscheBank are mandated to contribute towards determining the benchmarks. In this case, the Euro Interbank Offered Rate or Euribor is used as a benchmark. The benchmark has become an essential aspect of banking transactions, from loans to complex derivative vehicles and euro-denominated contracts....

January 12, 2023 · 2 min · 298 words · Clint Rutledge

Does Imessage Notify When You Screenshot

They play a crucial role in the complex relations in our modern lives, or it can be conversely true that they’ve complicated human relationships in modern times. Be whatever it may, screenshotting has proved handy on multiple occasions, but it can also be troublesome. Have you ever wondered if the person you’re screenshotting on iMessage knows that you’ve done it? So, the next time you think about screenshotting a conversation on iMessage, remember that the other person doesn’t know you’ve done it....

January 12, 2023 · 4 min · 656 words · Anthony Meyer

Dogecoin Investors Open Dubai S First Doge Themed Crypto Restaurant

The restaurant named Doge Burger will also allow payments through Bitcoin, Ethereum, BNB, CRO, XRP, USDT, and Shiba Inu, local outlet Time Out Dubai reports. On the menu, the restaurant will offer a beef burger, chicken burger, mushroom Swiss burger, a charcheese, and garden burger alongside hot dogs. Customers can place orders through the restaurant’s website, where the cost of the burgers will range from Dhs35 to Dhs50. According to the founders, the initial capital used to open the restaurant is from profits emanating from early Dogecoin investments....

January 12, 2023 · 2 min · 351 words · Samuel Mueller

Electric Air Taxi Joby Completes Longest Take Off And Landing Flight Covering 240 Km

In a press statement, the company revealed that the flight completed over 150 miles (or 240 km) with the aircraft operating on a single charge of the company’s lithium-ion batteries. According to the company, the flight was conducted in early July as part of its ongoing flight test campaign. The flight took off vertically before transitioning to forward flight and completing 11 laps of a predefined circuit that lasted for over one hour....

January 12, 2023 · 2 min · 253 words · Johana Parker

Ethereum Eth Price Prediction For November 30 2022

Over the past several days, the cryptocurrency industry has been battling with bearish sentiments around most of its assets, including Ethereum (ETH), which is back below the $1,500 level, but the crypto community seems to be bullish on its future. In particular, the tally of votes cast by CoinMarketCap members using the platform’s Price Estimate feature demonstrates the belief of the crypto community that Ethereum would be trading at a median price of $1,537 on November 30, 2022, according to the data from November 8....

January 12, 2023 · 3 min · 502 words · Carlos Swonger

Ethiopia Deploys Cardano S Blockchain To Track Student Performance

According to Cardano’s parent company IOHK, the deal targets about five million secondary school students and 700,000 teachers. The program is powered by the decentralized identity solution dubbed Atala PRISM. IOHK’s Atala PRISM ID will help authorities set up a tamper-proof record of student’s educational performance and single out areas and causes of educational under-achievement. The system will also offer students blockchain-verified digital qualifications that seek to lower fraudulent university entry and job applications....

January 12, 2023 · 2 min · 239 words · Edward Harper

Eu To Accelerate Crypto Assets Usage For Cross Border Payments By 2024

Currently, 78% of payments across the EU are in cash and the European Commission seeks to promote greater use of digital finance. Furthermore, based on increased cashless payments during the coronavirus pandemic, the EU is looking forward to enabling instant payments by using a stablecoins, a type of cryptocurrency often backed by traditional assets. The EU executive has been tasked with drafting new regulations and highlight gaps that can be handled with the use of digital assets....

January 12, 2023 · 1 min · 193 words · Daniel Pier

Euro Lags Behind The Russian Ruble Versus The Dollar Despite Ongoing Sanctions

Indeed, the Euro has depreciated by almost 10% compared to the dollar in the past 12 months. Market participants put the blame on the dovish European Central Bank (ECB). Interest rates will be raised only after the net asset purchases have been finished, which for some is too slow. On the other hand, it seems that the Russian Ruble depreciated only by 8% compared to the dollar which is a peculiar development of events....

January 12, 2023 · 2 min · 362 words · Anna Mcneill

Every 226Th Person On The Planet Currently Owns At Least 1 In Bitcoin

Data acquired by Finbold indicates that as of August 26, roughly 35,257,206 addresses are holding at least $1 worth of Bitcoin, according to BitInfoCharts.com statistics. In particular, this equates to about 0.4% of the global population, meaning that every 226th person globally potentially owns at least $1 in Bitcoin based on the current global population of 7,970,114,580 at the time of publication. It is worth mentioning that in some cases, one individual might own more than one Bitcoin address....

January 12, 2023 · 2 min · 374 words · Julie Soland

Ex Detective Joins Binance As Director Of Audit And Investigations Finbold

In a press release published on September 10, Binance welcomed Aron Akbiyikian to its Audit and Investigations team, where he will work to ensure the safety of Binance users and the crypto industry. The crypto exchange said that Akbiyikian will work on identifying bad actors who attempt to take advantage of Binance’s platform and monitoring their movements to help authorities take them down. Prior to joining the world’s largest cryptocurrency exchange by trading volume, Akbiyikian worked as investigations manager at blockchain data platform Chainalysis....

January 12, 2023 · 2 min · 236 words · Douglas Parker

Fidelity Rolls Out Ethereum Trading And Custody Is Eth About To Turn Bullish

The firm noted that the decision to allow access to Ethereum comes after the successful Merge upgrade, and customers will be able to buy, sell and transfer the asset from October 28, Fidelity said in an email to investors as shared by crypto proponent Bruce Fenton on October 19. The implications of Fidelity Ethereum services It is worth noting that the Fidelity decision to offer Ethereum compliments one of the initial targets of the Merge upgrade seeking to cater to institutional investors....

January 12, 2023 · 2 min · 371 words · Fern Gore

Flare Network And Lena Instruments Introduce A Unique Blockchain Based Crowdfunding Launchpad

Through CloudFunding, which is a launchpad aimed to introduce a new dimension to the notion of crowdfunding, contributors to the platform are granted exclusive access to carefully vetted crypto projects as well as other one-of-a-kind incentives, all while maintaining custody of their initial investments, as per a press release shared with Finbold. At present, in cryptocurrency launchpads, contributors determine how many tokens they intend to put towards the effort. Instead, donations to CloudFunding originate from the incentives received by participants’ wrapped FLR/SGB capital; this method assures contributors will always keep their primary investment....

January 12, 2023 · 2 min · 312 words · Veronica Malandruccolo