Data acquired by Finbold indicates that the number of new global unicorns has spiked 491% between Q2 2020 and Q2 2021 from 23 to a staggering 136. During the first three months of this year, the figure stood at 113, representing a growth of 140.4% from 2020 Q4’s 47 unicorns. Between Q2 2016 and the second quarter of this year, the number of companies to attain a billion-dollar valuation grew by 871%....
Elsewhere, Shein has the highest growth rate at 183.45%, followed by Instacart at 174.99%. Kroger (NYSE: KR) ranks in the fourth spot at 81.92%, with Nike (NYSE: NKE) closest to the top five category at 54.16%. Other notable retailers include Etsy (NASDAQ: ETSY), Aliexpress, and Walmart (NYSE: WMT), with a growth rate of 26.16%, 13.51%, and 11.65%, respectively. Consequently, Alibaba’s U.S. e-commerce merchants have mainly focused on niche products like agriculture, food, health and beauty, and electronic and medical supplies....
Indeed, as of November 5, Bitcoin market dominance had plunged to an over four-year low of 38.67%. The digital asset last recorded a similar drop in market dominance on June 10, 2018, at 38.19%, according to CoinMarketCap data. The drop aligns with a historic premise indicating that once Bitcoin dominance drops characterized with a surging value it offers a hint of a possible altcoin season. Implications of Bitcoin market dominance drop Bitcoin dominance is the ratio of the asset’s market capitalisation to that of the rest of the cryptocurrency market....
This was the stock’s second straight day of gains in a row as the firm finished $187.88 lower than its 52-week high ($3,773.08), which it achieved on July 13th when it broke out of a cup-with-handle base and setting new highs for three days in a row before reversing. Wall Street experts’ forecast Widely followed tech analyst Brent Thill of Jefferies confirmed: [coinbase]
Indeed, a zero-carbon data center manufacturer Cumulus Data, a subsidiary of an independent power producer Talen Energy, has completed the powered shell for its first data center powered by a 2.5-gigawatt nuclear power station, World Nuclear News reported on January 18. The 48-megawatt, 300,000-square-foot data center is directly connected to the Susquehanna nuclear power plant in northeast Pennsylvania, and its 1,200-acre campus is expected to host Bitcoin mining and cloud computing services – the first of its kind in the U....
Despite the fact that the stock has been a moderate performer in the overall market, the technical picture appears to be positive in both the medium and short-term time frames. This is bolstered by the fact that the company reported a strong set of earnings on November 24, contributing to improved overall market sentiment for the EV stock. Recently, XPEV has been trading in a broad range between $43.83 and $54....
Its shares slipped from $399 to around $370 last week amid trader’s concerns over second-quarter earnings. The company is scheduled to report earnings on July 30. Goldman Sachs claims that the recent share price gains are unsustainable and Apple stock price is set to fall. The firm suggested investors to avoid playing with Apple shares. Goldman provided a stock price target of $263, down significantly from the current level. The firm also believes that Apple will not offer second-half guidance due to pandemic....
According to the latest ASIC report released at the start of August 2022 that researched over 1,000 retail investors in Australia, 44% of them said they owned cryptocurrencies, which makes them the second most common product type after Australian shares. Alarmed by the recent report, Mr. Longo told the Australian Financial Review on August 11: He also informed The Sydney Morning Herald on August 11, 2022: Aussie investors use social media for financial info Another cause of concern for Joe Longo was a revelation that 41% of those who were surveyed reported that one of their main sources of investing information were social media platforms such as Facebook, Reddit, and TikTok, but also “finfluencers” from YouTube....
Donations totaling several hundred thousand dollars have soared into Ukrainian NGOs and volunteer groups – increasing by over 900% in 2021, according to the report from Elliptic, published on February 8, 2022. Activists have used the donated crypto for a plethora of purposes, including equipping the Ukrainian army with military gear, medical supplies, and drones, on top of funding the development of a facial recognition app that would be used to identify Russian mercenaries or spies....
Bitcoin’s long holdings had been hovering around 40,000 to 50,000 BTC long contracts in the months leading up to the end of May 2022, when the figure suddenly jumped to over 80,000 contracts. This number then first surpassed 100,000 BTC long contracts on June 13, and since hitting a peak of 109,416 on June 17, it has remained at over 100,000 contracts ever since, currently at 103,111 as of August 22, according to data obtained from Datamish....
The BMC now has nine members, including MicroStrategy, but any miner is invited to join, according to the website. Michael Saylor has been given founding member status; he is one of the “key members of the BMC, both as a facilitator and Bitcoin supporter.” Musk sidelined However, Elon Musk, whose involvement was critical to the BMC’s formation, has been marginalized. The website states, The Tesla (NASDAQ: TSLA) CEO played no part in creating the organization, but he did drive public attention towards Bitcoin’s energy consumption....
Speaking to Kitco News, Wadsworth suggested that the peak will occur once technical indicators confirm a top while predicting the asset price will form a base of $40,000 before hitting a new level. He projected that Bitcoin might top $100,000 as part of its bull run. Wadsworth suggested that Bitcoin technical indicators at the moment are important to the bull market. He notes that it is important for the asset to remain above key moving averages as it makes his projection valid....
The realized cap is an alternative to the market cap that analyzes the worth of a blockchain asset based on the price at which each coin was last traded. The realized cap reaching a new all-time high indicates that more money has been invested in Bitcoin now than in April when the price of BTC was $64,000. At the time of publication, the world’s most valuable digital asset was trading at $47,313, up 1....
Bitcoin’s unconfirmed trading volume surpassed 42.23 million, representing almost 37 times of the previous trading day that recorded 1.13 million. That may indicate that retail investors have started increasing transactions rapidly which may support BTC’s entry into a rebound stage. Nonetheless, the number of Bitcoin whale transactions on April 22 was 660, almost the same as 681 whale transactions recorded on April 21. By description, a whale transaction consists of at least 100 bitcoins....
Speaking to Kitco News, Zacharias highlighted that Bitcoin’s volatility indicates that people are making profits on the gains, an aspect not supported by gold. According to Zacharias, gold’s price has remained near stagnant for almost a decade, and gains made on the precious metal are minimal compared to Bitcoin. In this line, the executive stated that Bitcoin is the ultimate store of value. Zacharias also stated that Bitcoin has already surpassed gold as a store of value and has introduced improvements to the precious metal’s dominance....
In particular, Anichess is a blockchain-based chess game with a play-and-earn environment, once it launches in 2023, it will integrate the worlds of chess and GameFi to produce a vivid gaming experience, as per an Animoca Brands press release shared with Finbold on August 15. Anichess will also be developed and launched under Lympo’s direction given their experience in GameFi and sports non-fungible tokens (NFTs). What’s more, Lympo’s partnership with Play Magnus Group gives them access to a pool of more than 30 chess Grandmasters, including Magnus Carlsen, Jan-Krzysztof Duda, Liem Le, and others, who can provide advice, keep an eye on development, and put Anichess through its paces as an immersive gaming experience for chess pros and amateurs alike....
The electric vehicle (EV) company’s shares have traditionally been associated with significant volatility as a result of speculative trading, which is roughly comparable to the cryptocurrency market. Although with that being said, the EV firm’s performance in the stock market is also heavily influenced by the electric car sector and underlying fundamentals. One of the company’s recent updates revealed that Elon Musk contributed more than $5.7 billion in Tesla shares between November 19, 2021, and November 29, 2021....
Interestingly, according to the latest data from the Cardano Foundation, key network activities have registered growth in 2022 despite the prevailing market downturn. In particular, as of December 16, the Cardano smart contract feature accounted for the highest growth rate compared to 2021 at 394% hitting the milestone of 4,445. Native tokens on the platform accounted for the second-highest growth rate at 192%, hitting the 7.3 million mark. Elsewhere, in 2022, Cardano’s transactions amounted to 56....
Amid the growth, data provided by Pooltool, a Cardano data aggregating tool, indicates that ADA’s staking wallets as of August 18, 2021, are at 754,978. Compared to June 3, 2021 figures, the platform has added 146,506 wallets representing a growth of about 24%. The wallets translate to $46.91 billion in ADA’s staked value accounting for 71.25% of the $65.8 billion total supply. The increase in Cardano’s total staked wallets comes ahead of the highly anticipated Alonzo Purple upgrade slated for September 12....
Indeed, Cardano has recorded a spike in the number of wallets adding 33,097 in a week. As of November 13, the figure stood at 3,671,522, while on November 7, the decentralized finance (DeFi) platform had 3,638,425 wallets, according to Cardano Blockchain Insights data. The increased interest in Cardano comes as the general cryptocurrency market continues to trade in the red zone after the sector took a hit following the FTX crisis....
