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Elsewhere, among the top ten retailers by market cap, only Alibaba, JD.com, and Inditex recorded positive gains between the first two quarters of the year at 2.7%, 8.7%, and 9.2%, respectively. Data on global retailers by market capitalisation was provided by GlobalData Intelligence Center. It is worth mentioning that the U.S.-based retail giant has maintained the elusive $1 trillion capitalisation despite the stock market undergoing massive correction during the first two quarters of 2022, operating in a high inflationary environment....

Before you can access specific information on the file system, you must first create the FileSystemObject. In the following example, we will create and destroy a FileSystemObject. The FileSystemObject object’s, like other ASP objects, has its own properties and methods Properties Methods Common Methods BuildPath BuildPath allows you to build a path string from a root path and a folder to navigate to. Neither of the two parameters are required to represent actual files on the file system in order to build the path string....

In particular, crypto metaverse projects, which range from decentralized digital worlds to tokenized assets, are altering the dynamic between programmers and users in the virtual world. As January draws near, Finbold has performed an in-depth analysis of five of the most prominent metaverse-related cryptocurrencies now available on the market ranked by their market capitalization on CoinMarketCap. ApeCoin (APE) ApeCoin (APE) is ranked 30 by its market worth of $1.296 billion....

By description, the BIS is a hub for financial regulators, central banks, and supervisory authorities. Nagel will succeed Jean-François Rigaudy, who retires from the Bank on August 31 after working at the BIS for over 31 years. The Banking Department that Nagel will take over serves central banks and many other official monetary institutions. They provide many services that help these financial institutions manage their foreign exchange (forex) reserves....

On some exchanges, the price of Bitcoin may have actually reached that psychological $50K barrier. Still, according to Tradingview.com, using prices from the world’s largest crypto exchange, Binance, it only managed to reach $49,850 on Sunday, Feb. 14. Since then, there has been a sharp 7% correction dropping prices to current levels at a little under $47,000 at the time of writing. Industry analysts and observers have noted that the $50k level will have been huge for retail traders and investors, which tend to follow rather than lead with price discovery....

After making an upwards turn, the majority of the cryptocurrency market seems to be slowing down its advance, but the crypto community is still bullish on its largest asset – Bitcoin (BTC) – in terms of its price for the end of November. Indeed, the CoinMarketCap community votes assembled through the platform’s price estimate tool are currently projecting that Bitcoin will trade at a median price of $21,006 on November 30, 2022, as per the latest data retrieved by Finbold on October 31....

In an opinion article published by the Financial Times, McCauley noted that comparing Bitcoin to the Ponzi scheme is an understatement because both do not have the same endgame and constitute a ‘deeply negative-sum.’ The scholar suggested that investors who opt to purchase Bitcoin are not guided by the goal of generating an income, but it is a zero-coupon for long-term returns as it promises nothing. According to McCauley, Bitcoin has no fundamentals for investors to make money unless they sell their holdings to another person....

However, the daily bar chart shows that the flagship cryptocurrency is still experiencing a moderate price uptrend that is two months old. At the same time, to sustain the uptrend, the bulls need to exhibit some strength as the asset looks to target $25,000. Bitcoin tests $25,000 level It is worth noting that having sustained a significant sell-off during the first half of the year, Bitcoin has been among the leading assets driving optimism into the market....

One of the analysts, Mike McGlone, a Senior Commodity Strategist at Bloomberg Intelligence, notes that investors should expect a parabolic Bitcoin trend next year. According to McGlone: Another reason believed to be prepping Bitcoin for another all time is the adoption by institutions. Some companies have begun to hold Bitcoin as a reserve currency to advance inflation as an alternative asset in their portfolio for the long term goals. For instance, MicroStrategy invested about $425 million and purchased more than 21,000 Bitcoins to hold BTC as a long-term reserve currency....

During the morning’s Asian trading session, Bitcoin prices continued on with the week’s momentum surging to top $18,400 and later retracing to a current level of $18,050. The monumental move has added almost 10% over the past 24 hours in a surge of around $1,750 in less than a day. Big stats for Bitcoin The stats keep getting better, as over the past week the asset has gained 20% while gains on the month are an even more impressive 60%....

The repayment is ahead of schedule since Bitfinex had until November 5, 2021. The exchange’s financial performance made it possible to settle the loan balance early. Bitfinex general counsel Stuart Hoegner states that: Bitfinex, Tether fraud case probe The loan was at the center of a fraud case by the New York Attorney General’s office three years ago. In 2018, it emerged that Bitfinex borrowed $750 million Tether, the issuer of USDT stablecoin....

If Salerno is found guilty, he is facing a maximum sentence of 580 years in prison, three years of supervised release, a fine of $7.25 million, and full restitution. Victims were paying “advance fees” of over $1,000 In the Friday charges, the prosecution stated Salerno has been at the center of various fraud schemes. The fraud was allegedly committed between September 2016 and November 2018. During this period, Salerno operated businesses like Black Diamond Forex, L....

About the Boba Network Boba Network in brief: So far, the Boba Network has been successfully deployed on multiple base layer (L1) smart contract-based protocols, including Ethereum (ETH), Avalanche (AVAX), Fantom (FTM), and the BNB Smart Chain (BNB). The platform was first launched on the Ethereum mainnet in August 2021 then, followed by the Avalanche and BNB Smart Chain deployments in September and November 2022, respectively. Boba is now mainly developed and maintained by Enya....

New research1 from American Express (NYSE: AXP) reveals that British wedding-goers are treating themselves to new outfits and beauty products to mark the special occasion, according to the information shared with Finbold. Fashion and beauty top the bill As lockdown restrictions are set to fully end in England and further ease in Scotland on July 19, enabling greater numbers of guests to attend a UK wedding, research showed that Brits will spend an average of £130 on new outfits to attend weddings in 2021, equating to £2....

Currently, VMware has a market valuation of roughly $50.3 billion, while the talks are reportedly ongoing. While shares of VMW gained 25% in the session, those of AVGO are down a total of 12% over the past five days when details surrounding the merger were surfacing. Meanwhile, this acquisition would represent another feather in the cap of Broadcom CEO Hock Tan, who has managed to build a diversified chip company by acquisitions....

The advances follow news on October 15 that the US Securities and Exchange Commission (SEC) is poised to approve the launch of a Bitcoin ETF, sources told Bloomberg. It was also hinted at by the official Twitter account of the SEC’s investor education division, which tweeted about the dangers of trading Bitcoin futures contracts, implying that an announcement was coming. Bitcoin is currently worth just under $60,000, putting it within striking distance from the all-time high of $64,863 it reached on April 14, 2021, after rising almost 40% since the start of October....

Indeed, such endorsements, featuring some of the most prominent celebrity crypto touts that ended unhappily, including those by Matt Damon, Tom Brady, and others, were listed by Bloomberg’s Immanual John Milton in a piece published on August 1. Actors falling for the crypto One of the major crypto enthusiasts and the face of the digital asset exchange Crypto.com’s ‘Fortune favors the brave!’ campaign running since October 2021, was Matt Damon....

Creator and founder of Cardano (ADA) Charles Hoskinson expressed his opinion in a YouTube live stream on May 11 on the present status of the cryptocurrency space and larger markets in general as bearish pressure continues to stay aggressive as a result of inflation, rate hikes, and rising living costs among other factors. Analyzing the challenges imposed by decentralization, Hoskinson stated: The ADA founder also emphasized the impact this has on the global economy since institutions seem to be toying with people’s money....

Speaking to TD Ameritrade Network, Sonders noted that after the price correction, it is hard to predict bitcoin’s next move following the 2021 rally. According to Sonders, the bitcoin price slump emerged when the asset was most needed amid rising inflation in years. In May, bitcoin plunged in the wake of increased regulatory concerns and the debate on the asset’s carbon footprint. The woes facing the crypto began after electric vehicle manufacturer Tesla (NASDAQ: TSLA) announced that the company would no longer accept vehicle purchases in the cryptocurrency....

More than half of the hashrate, or the processing power of the Bitcoin network, dropped since the market peak in May as a result of the Chinese government’s mining restriction, but this could be beneficial to other crypto miners, according to a report from CNBC. Kevin Zhang, vice president of crypto mining firm Foundry, said that when a large number of Bitcoin miners go offline, the share of other miners in the network increases....