Number Of Tesla Supercharger Stations Globally Grows 34 In A Year Approaching 4 000

According to data compiled by Finbold, as of Q2 2022, Tesla had 3,971 supercharger stations globally, recording a year-over-year (YoY) growth of 33.88% from the 2,966 recorded during a similar period in 2021. During the first three months of 2022, the stations stood at 3,724, representing a growth of 7.13% from the previous quarter. Elsewhere, the company also witnessed a spike in the number of supercharger connectors, which stood at 36,165 during Q2 2022....

December 9, 2022 · 3 min · 553 words · Erica Matthews

Only 14 Of Litecoin Holders Are Currently In Profit While Ethereum S Is At 51

In particular, a comparison of the number of holders in profit between Litecoin (LTC) and Ethereum (ETH) exhibits significant differences. In this line, as of September 25, the share of Litecoin holders still in profit with the assets trading at $53 by press time stands at 14%, while a whopping 74% are making losses with the remaining 12% breaking even, according to TipRanks data. Elsewhere, amid increased network activity and a significant fall from its all-time high, over half of Ethereum holders at 51% are in profit with the asset’s price of $1,320 by press time....

December 9, 2022 · 3 min · 488 words · Kermit Wallace

Over 4 Billion Pumps Into Doge In Minutes As Coin Becomes Most Traded Token On Bsc Finbold

Musk, who is a renowned Dogecoin advocate, broke the news in a tweet via his Twitter account, which led the cryptocurrency to shoot up in value $4.63 billion in the space of 6 minutes from $21.20 billion to $25.83 billion. Now the dog coin has climbed above Terra (LUNA) into the top 10 cryptocurrencies by market worth. Currently, Doge is trading at $0.1907, up 18.32% in the last 24 hours and 4....

December 9, 2022 · 2 min · 254 words · Peggy Hayes

Over 70 Of Bitcoin Millionaires Were Wiped Over Three Quarters In 2022

According to data compiled by Finbold, the number of Bitcoin millionaires fell by 70.23% in the first three quarters of 2022 due to the bear market, with the total number of Bitcoin millionaires as low as 29,497 as of September 28, 2022. Based on the statistics provided by BitInfoCharts.com, 25,395 different addresses had a Bitcoin balance of more than $1 million, and an additional 4,102 of the addresses had a combined balance of approximately $10 million or more at the end of Q3....

December 9, 2022 · 2 min · 303 words · Casey Wilson

Ripple Co Founder Warns Bitcoin Will Lose Investors Support Until It Becomes More Eco Friendly Finbold

Notably, several climate activist organizations, including Greenpeace, and Larsen, are planning to launch a “Change the Code, Not the Climate” campaign to urge the Bitcoin community to change the way it organizes transactions, which is already using significant amounts of electricity, as per a Bloomberg report. According to Larsen, who is also the executive chairman of Ripple, which supports the XRP token, “now with Ethereum changing, Bitcoin really is the outlier,” Larsen said....

December 9, 2022 · 2 min · 322 words · Kenneth Arko

Ripple Executive Says Firm Is Building Outside The U S Rapidly Despite Sec Case

According to Entwistle, the rapid expansion is guided by increasing opportunities globally, stating that the growth is yet to be affected by the ongoing regulatory concerns in the United States, he said during an interview with CoinDesk TV on January 18. However, due to the current state of the crypto market, the executive stressed that Ripple’s expansion focuses on specific projects with potential through a targeted approach. Ripple and U....

December 9, 2022 · 2 min · 308 words · Brenna Tallman

Ripple V Sec Focus Turns On Presiding Judge After Full Briefing Filed

In particular, United States attorney James Finlan has revealed that all matters likely to influence the final judgment have been filed before the court with the focus turning on the presiding judge, he said in a tweet on January 19. Based on the update, it can be interpreted that the parties, Ripple and the SEC, alongside other interested participants, have made the necessary filings, including motions for summary judgment and motions to seal all materials relating to the case....

December 9, 2022 · 2 min · 395 words · Samuel Storck

Robinhood Is Giving Away Shib Worth 100K To 10 000 Users

Indeed, the investment platform revealed after announcing the listing of SHIB on Twitter that it is giving away $100,000 worth of SHIB to 10,000 users. “You can find your Robinhood Username on your profile inside the account page,” says the platform in a subsequent tweet, providing instructions on locating the username. Users must be among the first 10,000 customers to retweet the giveaway link in order to be eligible to win, with the deadline for participation finishing on April 12, 2022, at 6 p....

December 9, 2022 · 2 min · 314 words · William Mccarter

Robinhood Records 7X Growth In Female Crypto Traders Finbold

In a blog post, Robinhood acknowledged that female crypto traders remain underrepresented on the platform despite the growth. Robinhood notes that with men accounting for most active traders, the playing field is leveling. This is an indicator cryptocurrencies can play a role in decentralizing power in finance. The broker partly attributes the rise in women traders to the provision of necessary educational materials. This is in line with a previous study by Grayscale that suggested that women remain skeptical about joining the crypto space due to a lack of educational resources....

December 9, 2022 · 2 min · 237 words · Daniel Bonifacio

Roblox Ceo Says We Re In The Middle Of The Metaverse Right Now Finbold

Since Roblox has just taken over Activision, Baszucki was asked if there is a shift in terms of the kind of games people want to play today and in the future. Notably, Roblox gets more than 43 million daily active players across various platforms such as iOS and Android smartphones and tablets, desktops, and Xbox, among others. Furthermore, with over $3 million in daily revenue, the platform has dominated the US iPhone gaming industry....

December 9, 2022 · 2 min · 353 words · George Kong

Russia S Ukraine Invasion Equities And Crypto Markets Tank As Gold Moves Higher Finbold

Spot gold increased 1.9% to $1,971.14 per ounce by 05:29 NY Time, its highest level since early January 2021; experts now believe it may go up as high as $1980 and then $2,000 per ounce levels the sharp rise brought about by the escalating tension in the Russia Ukraine crisis. When it comes to inflation and geopolitical threats, gold is considered a hedge. As tensions between Russia and Ukraine escalate, gold has risen in value as a safe-haven asset....

December 9, 2022 · 3 min · 449 words · Jared Pedone

Sec Boss Is Working To Register Crypto Lending Firms To Protect The Public

Speaking in an interview with CNBC’s Squawk Box on July 21, SEC Chairman Gary Gensler stated that it was up to large financial institutions to decide whether or not they wanted to include cryptocurrency options in their portfolios for their customers, but that it was necessary to make the potential risks associated with cryptocurrency tokens public. The chairman opined: He added: Gensler on whether crypto should be in a 401(k) When the chairman was asked if cryptocurrencies ought to be included in people’s 401(k) plans and whether they need to be included in people’s portfolios, he responded: Gensler stressed that there are thousands of tokens, most of which have properties similar to securities....

December 9, 2022 · 1 min · 182 words · Danny Roche

Self Proclaimed Satoshi Slams Xrp As Useless Pump And Dump Scheme

Indeed, Craig Wright, an Australian computer scientist claiming to be the pseudonymous creator of Bitcoin (BTC) and the author of its whitepaper, attacked Ripple CTO and one of the original XRP ledger architects David Schwartz in a series of tweets culminating in Wright berating XRP as a ‘useless pump and dump scheme’ on December 25. Twitter altercation Schwartz threw some punches as well after the whole exchange started with Wright stating his view that “Bitcoin cannot ever be adopted by institutional investors until the system is able to be recovered under a legal court order,” which Schwartz referred to as “dumb for so many reasons....

December 9, 2022 · 2 min · 317 words · Stephen Fischetti

Share Of Bitcoin Transactions Worth 1 Million Or More Surges By 70 Within A Year

Bitcoin transactions over $1 million or more have grown significantly since September 2020, according to the most recent statistics from the crypto analytics platform Glassnode. Indeed, so-called Bitcoin whale accounts dominate the BTC network activity in terms of large transaction amounts. In actuality, large Bitcoin transfers now mount up to approximately 70% of total value moved, up from 30% in September 2020. On the flip side, the dominance of smaller Bitcoin transactions has declined dramatically throughout the aforementioned period....

December 9, 2022 · 2 min · 306 words · Judith Hardin

Slower Revenue Growth To Limit Oracle Stock S Gains Finbold

Oracle has aggressively been investing both in organic growth opportunities and acquisitions to expand its cloud business. The impact of investments in high profitable cloud business has started reflecting on its top line. However, investors are not fully optimistic whether Oracle has the potential to beat the market competition and grow its revenue at a double-digit rate. Slower revenue growth could limit Oracle stock gains Shares of Oracle underperformed in 2020 despite historic growth in tech stocks....

December 9, 2022 · 2 min · 220 words · Richard Nichols

Stablecoin Issuer Says It Is Closer To Opening A U S Crypto Bank Charter

Specifically, Circle Internet Financial’s Chief Executive Officer Jeremy Allaire said in an interview at the Bitcoin 2022 conference in Miami that the company was continuing with the negotiations which have begun in August 2021 when the firm first announced its intentions, Bloomberg reported on April 13. However, the startup, which is the issuer of USD Coin (USDC), is yet to submit an application for its crypto charter, and Allaire has refused to give a date estimate, only commenting that it would happen “hopefully in the near future....

December 9, 2022 · 2 min · 328 words · Annette Coates

Swiss Crypto Broker Bitcoin Suisse Founder Hints At Potential Ipo Finbold

Indeed, the founder of BTCS is pondering an IPO and a partnership as he hinted: Regarding the partnership, one of two major participants in the banking and cryptocurrency finance fields, according to Nikolajsen, may collaborate with the company soon. Bitcoin Suisse aims to onboard more staff Elsewhere the company, which already has 270 employees, plans to increase its workforce Nikolajsen confirmed: In addition, as per Nikolajsen, capital raising is also in the works, but it is unclear if this will be accomplished via a financing round, a private placement, credit, or a combination of the aforementioned possibilities....

December 9, 2022 · 2 min · 259 words · Adam Kinkade

The Bank Of Japan Starts Cbdc Feasibility Tests Finbold

In a statement, the experiment’s first phase will entail testing the basic functions of CBDC when deployed as a payment instrument like issuance, distribution, and redemption. The inaugural experimental phase will run until March 2022. The BoJ will then enter the second phase of testing to determine the digital currency’s extensive functions. If deemed necessary, the bank will move to the third phase, where private businesses and end-users will participate in a pilot program....

December 9, 2022 · 2 min · 218 words · Julia Turner

Tiktok Creators Level Plagiarism And Smears Claims Against Facebook

The Beijing-based firm made these comments on its official account on a news aggregator app it owns, Jinri Toutiao. It stated: Facebook CEO Mark Zuckerberg has previously slammed TikTok for allegedly censoring political protest in 2019 as highlighted by Gadgets 360. TikTok has since denied these claims. Microsoft Wants TikTok The statement never highlighted on the pressures in the US that ByteDance currently faces to sell off its TikTok app....

December 9, 2022 · 1 min · 121 words · Timothy Swihart

Two Large Cap Pharmaceutical Stocks With A Solid Dividend Yield

During the start of the pandemic, large inflows into pharmaceutical stocks have been noticed as traders and investors tried to position their portfolios to benefit from the new Covid-19 strain. However, long-term investors usually like the sector because of the stable dividends the biggest players in the space offer. Hence, Finbold has researched and identified two large-cap pharma stocks, which sport a solid dividend yield. Abbvie (NYSE: ABBV) The company’s most profitable drug to date, Humira, which is also the most popular rheumatoid arthritis drug on the market is slowly ending its cycle....

December 9, 2022 · 3 min · 534 words · Sabrina Maglione