Report U S August Homes Sales Slightly Drop But Market Still Hot Finbold

The firm notes that August’s sales were one of the largest of any month in the 13-year history of the firm’s reports. RE/MAX states that despite the slight drop in home sales, the real estate market is still active coming from a summer peak. Significant homes sales year-over-year growth was recorded in New York at 55.1%, Honolulu at 37.3%, and Las Vegas at 12.5%. Median sale price also drops The firm further states that the Median Sale Price dropped 1....

January 2, 2023 · 1 min · 200 words · John Escobar

Revolut Launches Crypto Card Allowing Users To Receive Cashback In Dogecoin

Pay with Crypto is a service offered by Revolut that gives users a 1% payback in cryptocurrency for purchases made using any of the almost one hundred supported tokens. These tokens include Dogecoin, Bitcoin (BTC), and Ethereum (ETH), among others, according to a report by the Evening Standard. The cashback is distributed in the same currency in which the purchase was made; for example, if the purchase was made in Dogecoin, then 1% of the cashback will be distributed in DOGE....

January 2, 2023 · 2 min · 237 words · Susan Rushing

Ripple Secures Another Win As Judge Orders Sec To Turn Over Hinman Documents

The documents in contention concern a speech Hinman delivered at a summit in 2018, where he said Bitcoin (BTC) and Ethereum (ETH) are not securities. Initially, District Court Judge Sarah Netburn declared email and drafts of the speech were not protected by deliberative process privilege. In the latest decision, U.S. District Court Judge Analisa Torres overruled SEC’s objection to releasing the documents noting that Judge Sarah Netburn made no error in declaring that emails and drafts of the speech were not protected, documents shared by the Federal prosecutor and Ripple enthusiast James Finland on September 29 indicate....

January 2, 2023 · 2 min · 315 words · Clifford Speaks

Rothschild Investment Increases Gbtc Stake Grayscale Adds 1 1B In Btc In Two Weeks

Before the latest filing, Rothschild reportedly owned about 24,500 GBTC shares as of October last year. At the time, Bitcoin was in a bullish phase but still trading below the $20,000 range. The current total Rothschild Investment shares represent a value of about $1 million, with each GBTC share trading at $33.05 at the time of writing. Rothschild increased stake in GBTC comes at a critical moment when the cryptocurrency space has embarked on a major bull run led by Bitcoin....

January 2, 2023 · 2 min · 275 words · Jeremy Mitchell

Royal Bank Of Canada Projects 40 Surge For Boeing Stock Sets Price Target At 265

Additionally, other notable analysts chimed in regarding the company and added their predictions. JP Morgan (NYSE: JPM) set a $235 price target, while the most bullish of the bunch was Robert W. Baird which placed an outperform on the stock with a price target of $306. In the most recent earnings report on January 26, 2022, the company missed the estimates, most notably on revenue, earning $14.79 billion for the quarter, while estimates predicted revenues of $16....

January 2, 2023 · 2 min · 391 words · Donald Anthony

Share Of Ada Supply Held By Cardano Whales Hits 2 Year High

Indeed, Cardano’s largest whales, defined as those holding at least 10 million ADA, worth around $9,534,000 at press time, are currently holding 46.6% of the total token supply, on-chain and social metrics platform Santiment tweeted on April 11. The chart used in the tweet shows a dramatic increase in the ADA supply ratio held by Cardano whales. By comparison, these whales only had 10.2% of the total supply in their wallets less than 14 months ago....

January 2, 2023 · 2 min · 361 words · Joan Thompson

Shib Is The Most Held Token Among The Top 1 000 Ethereum Wallets Finbold

Analysis of the top 1,000 ETH wallets has revealed that SHIB has 7.71% of the total holdings of all tokens with $1.72 billion in value, according to data provided by whale monitoring website WhaleStats on December 21. In second place is the cryptocurrency exchange FTX Token with 7.33% and $1.61 billion, while USDT takes third place with 4.91%, worth $1.1 billion. SHIB whales remain at large The price of Shiba Inu has recovered in tandem with the broader market recovery, but it seems that whales have certainly played a part in the 10% increase....

January 2, 2023 · 2 min · 283 words · Joseph Keomanivong

Shipping Container Logistics Costs From Asia To The U S Skyrocket By 500 Finbold

Growing shipping costs, according to Traeger CEO Jeremy Andrus, were a significant factor in the grill maker’s dropping profit margin in its third quarter. Traeger’s average cost to ship a 40-foot container to the U.S. from Asia is almost $10,000, more than five times the $1,500 a year ago; the CEO revealed while speaking with CNBC’s Jim Cramer on Monday 22 November. In its third quarter, grill producer Traeger reported an 11....

January 2, 2023 · 2 min · 253 words · Ann Crosier

Snap Stock Forecast Analysts Estimate A 22 Upside For Snapchat Finbold

Generally, the report was positive, with daily active users rising by 23% to 293 million, revenue increased by 116% year-over-year to $982 million. In addition, the net loss improved 53% to $152 million in Q2 2021, compared to the previous year. Following the results, the Santa Monica, California-based social media and augmented reality (AR) leader has now pulled back to test support at its 50-day simple moving average (SMA). The firm is still trading above its 50 and 200-day SMA but is currently under its short-term 20-day SMA....

January 2, 2023 · 3 min · 522 words · Peggy Burnette

Sources Indian Authorities May Discuss Crypto Bill This Week With Possible Ban In Site Finbold

The Union Cabinet might assemble later this week to discuss a legal framework for digital assets under the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, sources close to the matter told the Economic Times. The meeting is highly expected to offer proposals on outlawing private cryptocurrencies as a legal tender. The sources also indicate that government authorities have held extensive talks on the crypto regulation outlook, with the latest being a November meeting led by the Prime Minister....

January 2, 2023 · 2 min · 325 words · Kenneth Smith

South America S First Bitcoin Etf Begins Trading On The Brazilian Stock Exchange

The Brazilian Stock Exchange and the Comisso de Valores Mobiliários (CVM, Brazil’s Securities and Exchange Commission) approved QBTC11 (B3) back in March and is the region’s first that only deals in Bitcoin. According to the firm, the Bitcoin ETF would provide investors with exposure to digital assets through secure custody and daily liquidity without worrying about private keys. Change to the conventional financial market QR Capital CEO Fernando Carvalho revealed Bitcoin’s entry into the stock market represents a “historic moment for the crypto market as well as the conventional financial market....

January 2, 2023 · 2 min · 302 words · Donald Blevins

Spce Stock Up Ahead Of Ventilators For Covid 19 Patients Manufacture

The Virgin Galactic Holdings which is part of the Virgin Group has shown slight fluctuations from the beginning of the week. On Monday, the stock was $14.74 and later achieved a weekly high of $15.56 on Tuesday. The gains followed the announcement that Virgin Orbit will start producing bridge ventilators for COVID-19 patients. The entity is awaiting approval from the FDA before it goes into mass production. Virgin Orbit is part of Virgin’s duo of space companies, which also includes Virgin Galactic....

January 2, 2023 · 2 min · 281 words · George Beyl

Spike In Global Number Of Etfs Pushes Assets Under Management To Surge 130 In Five Years

According to data acquired by Finbold, the value of assets under management by global ETFs has soared 56.22% between 2016 and 2020 from $3.32 trillion to $7.99 trillion. One of the highest growth rates was between 2018 and 2019 at 32.6%, from $4.6 trillion to $6.1 trillion. Elsewhere, over the five years, the number of ETFs globally also grew 56.22%, from 4,866 to 7,602. Between 2019 to 2020, the ETFs also surged 12%, to record one of the biggest growth rates over the period....

January 2, 2023 · 3 min · 581 words · William Rice

Telia Company Issues 10 Year 500 Million Bond Finbold

The bond is under the company’s existing €12 billion EMTN (Euro Medium Term Note) program. Proceeds from the issuance will go towards refinancing senior debt. Telia set the re-offer yield at 0.197% annually, an equivalent of mid-swaps of +45 basis points, and a coupon of 0.125%. According to the company, the bond will target already existing quality investors. According to Telia’s Vice President Agneta Wallmark: Partnership with Ericsson Furthermore, the tender offer to buy back about €300 million of bonds maturing around 2021-2024 has been announced....

January 2, 2023 · 1 min · 159 words · Stephan Hiett

Tesla To Focus On Volume Production Of Semi Commercial Truck

The memo seen by Reuters on Wednesday, asks the Tesla staff to focus on volume production of the Semi commercial truck. The move also coincides with the company’s rival Nikola Corp.’s share prices rising. Nikola is a clean fuel truck maker. Musk wrote, “Production of the battery and powertrain will take place at Giga Nevada.” Musk also said that Tesla is also looking for production sites in other US states....

January 2, 2023 · 2 min · 283 words · Oscar Lovelace

Tether Cto Says Terra Creating A Token And Stablecoin Was A Recipe For A Disaster

Speaking during an interview with Kitco News on June 7, Ardoino faulted the Terra founders for creating the UST stablecoin and backing it with a cryptocurrency as ‘a recipe for disaster.’ According to Ardoino, with LUNA acting as the highest collateral for the UST, it was inevitable for the stablecoin to lose its dollar peg once the token crashed. Stablecoins and portfolio of collateral Furthermore, the official noted that for stablecoins to avoid the fate of Terra, they need to have sufficient reserves, like in the case of Tether (USDT)....

January 2, 2023 · 2 min · 281 words · Frank Samuelson

Three Defense Stocks That Delivered Double Digit Gains For Investors In 2022

Now could be the time for defensive stocks to shine, given that they offer much more stability during volatile market conditions. We will take a look at three stocks that have promising prospects for this year. Defense wins titles The following three stocks represent the cream of the crop with rising sales and all-around good performance. Lockheed Martin (NYSE: LMT) A security and aerospace juggernaut with four key segments: Aeronautics, Missiles and Fire control, Rotary and Mission Systems, and Space....

January 2, 2023 · 3 min · 489 words · Heather Williams

Tornado Cash Sanctions Are A Knee Jerk Reaction To Terra Crash Says Kraken Ceo

Speaking during an interview with Bloomberg Technology on August 16, Powell stated that the regulatory sanctions are not well thought through, suggesting that they are a ‘knee-jerk reaction’ to protect consumers, especially after the infamous Terra (LUNA) crash. According to Powell, the Tornado Cash service can be equated to freedom of speech and questioned whether the sanctions would survive a constitutional challenge. Kraken to comply with sanctions Despite expressing objection to the sanctions, Powell noted that Kraken would block transactions from addresses linked to Tornado Cash....

January 2, 2023 · 2 min · 283 words · Kimberly Richardson

Toughbuilt Up Over 93 In Past 5 Days As Firm Announces Amazon Sales Growth

Meanwhile, the company’s shares are up 93.98% just over the past five days and over 36% alone in the last trading session while the stock continues to climb premarket. TBLT chart and analysis In the last month, TBLT has been trading in the $1.34 to $5.18 range, while currently trading near the high of this range. Volume is considerably higher in the last couple of days, while over the last month the stock is up a whopping 190%....

January 2, 2023 · 2 min · 252 words · Donald Forrest

Trading Expert Believes Chainlink Between 6 8 Is An Opportunity Of A Lifetime

Specifically, crypto trading expert Michaël van de Poppe seems to be bullish on the decentralized oracle network’s LINK token, indicating that now is the right time to purchase it, as he said in his tweet on September 22. According to him: Chainlink price analysis Notably, Chainlink started the year bullishly – at a high of $28.1 in January, but the bears got the better of it and sunk the price by a whopping 74....

January 2, 2023 · 2 min · 255 words · Lynn Martinez