Crypto Fintech Firm Paxful Passes 6 Million Users Milestone Expects 20 Growth In 2021

A press statement from the platform indicates that monthly trading volume growth is at an average of 15% amid the ongoing bitcoin rally. The company notes that as of April 2021, most trading occurred in Nigeria, China, the U.S., India, and Kenya. According to Paxful co-founder and CEO Ray Youssef, most interest is from countries where traditional finance does not meet people’s needs. According to Youssef : Besides bitcoin, the platform allows the trading of Ethereum....

December 10, 2022 · 1 min · 185 words · Michele Brooks

Crypto Trading Expert Says Bitcoin Bottom To Occur In Q4 This Year As New Lows Loom

Bitcoin could reach its bottom by the end of 2022, considering its previous movements in the specific period before previous halvings – events after which the reward for mining a crypto block is halved, according to prominent crypto trading expert Rekt Capital. Analyzing Bitcoin’s bottoming in the past, the expert concluded in his tweet on September 19 that it might bottom 517-547 days before its upcoming halving in April 2024, which means that the bottom could happen in the fourth quarter of 2022....

December 10, 2022 · 2 min · 342 words · Alice Pou

Crypto Weekend Markets See Red In Massive 150 Billion Selloff Finbold

A massive market correction is currently happening on cryptocurrency markets as major assets retreat from recent highs. The big selloff, which initiated on Sunday, January 11, has resulted in a huge capital outflow of over $150 billion from the sector. Total market capitalization hit a record high of just over $1.1 trillion this weekend but it seems that resistance was met there and profit taking began in earnest. By Monday morning’s Asian trading session, that figure had dropped to $950 billion where it appears to have found support....

December 10, 2022 · 2 min · 368 words · Corey Carbone

Davos 2023 Global Bankers Push Urgent Regulation Of Bitcoin

According to bankers at the summit, the evolving nature of the cryptocurrency sector and the speculative nature of digital assets means that regulators need to step in and enact the necessary laws, Bloomberg reported on January 18. The group led by Singapore’s Senior Minister Tharman Shanmugaratnam, European Central Bank Governing Council member Francois Villeroy de Galhau, and UBS Group AG Chairman Colm Kelleher, agreed that recent events in the crypto market call for regulations....

December 10, 2022 · 2 min · 282 words · Jamey Storm

Dns Resolver Cache And Time To Live Ttl

The amount of time that the hostname and IP address are stored in the cache on the local computer is dependent on two things. The first is the TTL or Time-To-Live value that was assigned to the record stored in the DNS authoritative zone, and the other is the default maximum value that your operating system is configured to cache the results. Both of these numbers are compared and the smaller of the two is the one that is used to timestamp the record in your cache....

December 10, 2022 · 2 min · 386 words · Sandra Sterner

Do Kwon Goes Public In His First Interview Since Terra S 45 Billion Collapse

On August 14, cofounder host at Coinage Media Zack Guzmán tweeted a teaser trailer of an interview with Do Kwon in the aftermath of the Terra Luna collapse. In the teaser trailer, Kwon begins by saying: When questioned by Guzmán about whether ‘it’s tough for him to watch’ his past comments, Kwon responded: Accusation of fraud During the interview, Kwon was questioned about the allegations of fraud leveled against him....

December 10, 2022 · 2 min · 385 words · George Mckeever

Dull Earnings Pull Shopify Stock Down 14 Premarket What S Next For Shop

Revenue was up 21% during the quarter, and gross merchandise value rose 16%, which the company said is difficult to compare to the previous year with Covid lockdown and stimulus checks. Throughout the announcement, the company mentioned they plan to stay aggressive with investments, putting every dollar earned back into the business to pursue more paths to growth. This would include expansion of services to more merchants, development of new products, and working on partner ecosystems....

December 10, 2022 · 2 min · 351 words · Michelle Matthews

Economist H Dent Projects The Greatest Financial Downturn Ever For 2022 Finbold

Speaking with Kitco News, the economist and founder of HS Dent Publishing, Harry Dent, discussed what he says will be the greatest financial downturn ever occurring this year, “this is going to be the biggest crash; the biggest downturn of your lifetime” he warned. According to Mr. Dent, investors should consider selling now ahead of a complete market wipeout: He added: Crash to take play in the first half of 2022 Additionally, the economist suggested that the first crash should take place within the first three months of 2022....

December 10, 2022 · 2 min · 252 words · Lola Mcclelland

Ethereum Balance On Exchanges Falls To 3 Year Low As Holders Migrate To Eth Wallets

The Ethereum balance held on central exchanges has hit a record three-year low standing at 14,042,589.584 ETH, on-chain data provided by Glassnode indicates. The data also shows that the balance that has been declining steadly with December 4, 2021, registered the previous three-year low of 14,059,101.985 ETH. Implication of Ethereum low exchange balance A low balance of ETH on exchanges can be considered a bullish sentiment for the markets. The withdrawals are known to drive a reduction in supply relative to demand on popular crypto trading platforms....

December 10, 2022 · 2 min · 294 words · Katy Carr

Ethereum Whales Dump Over 4 Billion Of Eth In Five Weeks Pushing Price 25 Lower

Specifically, Ethereum’s shark and whale addresses – defined as those holding between 100 and 1 million in ETH – have dumped 3.3 million ETH over the past five weeks, according to the technical analysis (TA) by the on-chain market intelligence platform Santiment published in a tweet on October 16. In other words, more than $4.3 billion in Ethereum has been collectively dumped by the whale and shark addresses in the past five weeks, considering the decentralized finance (DeFi) asset’s price at press time....

December 10, 2022 · 2 min · 283 words · Jean Mauk

Exxon Stock Steady But Dividend Strategy Could Hurt Long Term Fundamentals Finbold

Exxon has generated a second quarterly loss in a row for the first time in the last thirty-six years. Its second-quarter loss came in at $0.70. The loss is attributed to the sharp decline in oil and energy demand over the past couple of months. Its second-quarter revenue plunged by half compared to the earlier year period. The company has announced to slash its capital investments from $33 billion to $23 billion for this year, with 2021 capital investment guidance of $19 billion....

December 10, 2022 · 2 min · 252 words · Roger Miller

Finance Expert Says Btc Price Burst Is Long Overdue As Bitcoin Isn T An Asset But A Collectible

Speaking during an interview with Fox Business on June 15, Schiff stated that Bitcoin and the rest of the cryptocurrencies have no intrinsic value and should be classified as collectables while warning of more capital outflows. According to the expert, despite Bitcoin being a more advanced asset, it still lacks value noting that it has no real-world uses and will zero out in line with the general market. Bitcoin’s value compared to gold Schiff expressed preferences for other asset classes like gold, noting that the physical aspect gives it an edge over Bitcoin....

December 10, 2022 · 1 min · 203 words · Donald Zelaya

Five Tech Giants Funding Spiked 70 In 2020 To Surpass 12 Billion

Data acquired by Finbold indicates that the five companies’ financing of unique equity deals between 2019 and 2020 spiked by 69.78%, from $7.28 billion to $12.36 billion. Despite the staggering surge in funding, the number of deals remained 35 during the period. Furthermore, big tech appears not to be swayed by the pandemic’s toll on the economy as they embarked on an acquisition spree. Between Q1 2020 and Q1 2020, the number of acquisitions surged 125%, with the last quarter of 2020 registering the highest figure at 14....

December 10, 2022 · 3 min · 477 words · Maureen Chapman

Fortune Of Japan S 50 Richest People Grew By 249 Billion Amid Pandemic

The billionaires benefitted from export markets rebound alongside resurgence in the benchmark Nikkei Stock Average. According to the statement from Forbes Asia: Forbes notes that each of the top 50 wealthy individuals saw their fortune surpass the $1 billion mark. Top on the list is SoftBank Group Chairman and CEO Masayoshi Son, with a fortune amounting to $44.4 billion. His wealth more than doubled after a successful initial public offering by companies SoftBank has invested in....

December 10, 2022 · 2 min · 273 words · Ignacio Armstrong

Harvard Economics Professor Says Crypto Anonymity Will Eventually Be Curbed

Kenneth Rogoff, a former chief economist at the International Monetary Fund, and current professor of economics at Harvard University, stated in an opinion post in Project Syndicate published on June 6 that the more intriguing topic is what will happen when governments finally get serious about regulating Bitcoin and other cryptocurrencies. Rogoff argued that as long as cryptocurrency-related concerns impact the rest of the globe, advanced-economy policymakers don’t care and that regulators are more concerned with domestic investor protection and financial stability....

December 10, 2022 · 2 min · 343 words · John Akin

Here S How Much Brent Crude Oil Could Rise Per Barrel If Eu Bans Russian Oil

Analyzing the situation, Andy Lipow of Lipow Oil associates speaking during an interview on CNBC shared his view on the oil markets: He also added: Consensus is key As per Mr. Lipow, the above-mentioned four countries will probably have to be given an exemption on the Russian oil ban since they don’t possess the logistical capabilities to avoid Kremlin’s energy completely. So far, it seems as if the EU will continue to remove Russian energy from their territories, which could result in oil prices increasing....

December 10, 2022 · 2 min · 247 words · Laura Condon

Here S Why Bitcoin Value Will Continue To Rise According To Deutsche Bank

Speaking with CNBC on May 27, senior analyst at Deutsche Bank Research and author of ‘Democratizing Finance,’ Marion Laboure, shared her outlook on cryptocurrencies and pricing behavior in the context of demand exceeding supply as regulation looms in the background. Regarding the matter of regulation in the crypto space following the recent collapse of the Terra (LUNA) ecosystem, Laboure stated that more regulation is required in the market. On this matter, she stressed that there is a disparity between Bitcoin and other cryptocurrencies, especially the newer ones in the market....

December 10, 2022 · 2 min · 216 words · Ambrose Kramer

Hong Kong Based Venture Fund Sees Broader Adoption Of Bitcoin As The Asset Heralds In A New Era Finbold

Speaking with Bloomberg, Token Bay Capital Founder and Managing Partner Lucy Gazmararian discussed her bullish outlook on Bitcoin longer-term as she believes in a more decentralized future, as well as the metaverse and broader crypto adoption. Despite the recent volatility around Bitcoin, Gazmararian believes blockchain is ushering in a new age in which everything of value is being placed on the network and that Bitcoin is becoming more widely accepted as a result....

December 10, 2022 · 2 min · 424 words · Timothy Heuck

How Does Dns Work

When the Internet was just started and only had a few hundred computers connected to it, name resolution was very simple and easy to maintain. The original TCP/IP specification implemented name resolution using a special text file called HOSTS. A copy of this file was stored on every computer system on the Internet. The HOSTS file contained a list of IP addresses for every computer on the Internet that mapped to the corresponding system names....

December 10, 2022 · 6 min · 1113 words · Betty Joos

How Does My Linkedin Profile Look To Others

But how do you view your profile from a public perspective? To make your profile stand out, it’s essential to view it from a public perspective to make any changes and adjustments. Continue reading the article for a detailed step-by-step guide to see how your LinkedIn profile looks to others. How To View Your LinkedIn Profile As Someone Else There are two methods to view your LinkedIn profile as someone else....

December 10, 2022 · 4 min · 657 words · Maggie Spaulding