Accenture Acquires Spanish Engineering Firm Arca To Boost 5G Capabilities

With the acquisition, all 640 Arca employees will be part of Accenture Spain operations. Accenture seeks to leverage Arca’s capabilities to offer multidisciplinary services for network operations. The company will use Arca’s system combined with its SynOps platform to advance its abilities to assist businesses pivot operating models in 5G. Arca’s acquisition will also boost its network capabilities in both Spain and Portugal. It will offer clients services across 5G network roll-out, engineering, operations, and industry services....

December 24, 2022 · 1 min · 211 words · Richard Walkingstick

Alibaba S Antchain Confirms Launch Of The Blockchain Transmission Network

The firm said that BTN can help improve blockchains’ data throughput and stability with high-speed internet technology. It claimed that BTN can increase the throughput of blockchain networks by 186% and reduce transmission latency by 40% while cutting the cost of bandwidth by as much as 80%. Antchain also launched the AntChain Module-as-a-Service (MaaS) integrated computing module for simplified blockchain deployment, which lowers the costs of deploying blockchain hardware and ensures the security and immutability of transmitting data with technologies that include silicon root of trust, digital signature at source and end-to-cloud integration....

December 24, 2022 · 2 min · 245 words · Todd Marquez

Amazon Sees Unprecedented Demand Ads Revenue Is A Big Catalyst

Google is standing at the second spot with a 23% score while eBay is the first choice for only 3% of people. In addition to the latest survey, Benchmark analyst Daniel Kurnos says the postponement of the Prime Day Event from its schedule would add to sales growth. The analyst also suggests investors capitalize on the recent stock price selloff. Its ads revenue grew 41% year over year to $4....

December 24, 2022 · 1 min · 129 words · Christina Rivera

Analysts Split On Nvda As Bulls And Bears Battle For Momentum Finbold

The stock has an impressive and continuous price-increase trend, with the medium-term outlook seeming relatively favorable thanks to a steady general performance, despite the fact that we have some reservations about the most recent development. NVDA outperformed 97% of all equities in the market over the year, and Nvidia is currently trading in the upper part of its 52-week range. The stock has been trading in a rather broad range of $272....

December 24, 2022 · 3 min · 558 words · Melanie Rice

Bank Of England Responds To Material Risk To Uk Financial Stability Causing 10 Year Yields To Drop By 40 Bps

With inflation in the country raging at 9.9%, perhaps the UK entered a recession already, which prompted the Bank of England (BoE) to act quickly to stem a further crisis by suspending its program to sell gilts and instead buy long-dated bonds. Welt’s Holger Zschaepitz took to Twitter on September 28 to show the implications such action had on the 10-year UK yields, which dropped 40 basis points (bps)....

December 24, 2022 · 2 min · 291 words · Kenneth Dubose

Barclays Downgrades Beyond Meat By 69 As Firm Misses Earnings

Earnings per share (EPS) was missed by $0.60 with revenue rising ‘only’ 1.2% year-on-year (YoY). The company has had $109.45 million in revenue for the entire quarter with a net loss of $100.5 million. On top of that, Barclay’s (NYSE: BCS) downgraded BYND citing worries that the company might struggle to return to profitability in the near term, cutting the actual price target by 69%. Full-year guidance was reaffirmed by BYND but it may still come under the expectations on Wall Street....

December 24, 2022 · 2 min · 302 words · Virgil Guzman

Bitcoin Accounted For 0 1 Of Global Greenhouse Gas Emissions In 2022 Data Finds

Specifically, the study ‘A deep dive into Bitcoin’s environmental impact’, carried out by Cambridge University’s Centre for Alternative Finance (CCAF) discovered that the greenhouse gas emissions attributed to Bitcoin in 2022 amounted to 48.35 MtCO2e (million tonnes of carbon dioxide equivalent), the University said on September 27. According to the report, this quantity is roughly the same as the greenhouse gas emissions produced by countries such as Nepal which produces 48....

December 24, 2022 · 2 min · 279 words · Julie Kinroth

Bitcoin Is Gold 2 0 With Possible 20 Trillion Market Cap Immutable Holding Ceo Says

Speaking to Kitco News, Fried indicated that Bitcoin is now the second version of gold, and its rise will see the asset surpass the precious metal cap to more than double. He stated that the recent rise in Bitcoin is just the start noting that the asset has a large potential for the upside. Fried also said that the Bitcoin market cap would surpass the entire United States economic output at some point....

December 24, 2022 · 2 min · 238 words · Keisha Altmann

Bitcoin Is A Unique Asset Beneficial To A Portfolio Finance Giant Ascertains

The report shows that Bitcoin has an extremely low correlation with other assets like stocks or gold. According to Fidelity: Fidelity based its conclusion after simulating sample portfolios with a default allocation of 60/40 between equities and fixed income instruments. The allocations were then diversified with Bitcoin at a rate of 1 to 3%. For each scenario considered, portfolios holding higher Bitcoin allocations performed much better than those with less diversification....

December 24, 2022 · 2 min · 233 words · Norman White

Bitcoin Miners In Washington S Chelan County Face A 30 Increase In Electricity Fees

This week, the County PUD Commissioners gave their approval to the change, which would result in an increase of around 29% in the cost of the electricity required for Bitcoin mining, as per a report on June 8 by NewsRadio 560 KPQ. The mining firms are being moved from the rate schedule for high-density loads to the newly developed cryptocurrency rate schedule, commonly known as Rate 36. This move, which Commissioner Garry Arseneault refers to as “ground breaking,” will result in an increase in their electricity rates....

December 24, 2022 · 2 min · 349 words · Roger Swank

Bitcoin Must Reach This Price Level To Escape Second Longest Bear Market

One of them is the crypto technical analyst Matthew Hyland, who sees $20,200 as the price at which Bitcoin could finally break out of the bear market, which he earlier noted was “its second longest,” as he explained in a video tweeted on November 22. Hyland, who has been tweeting about the 3-day supertrend indicator since last January, argued that: Moving forward, he clarified that “this is because, whenever Bitcoin makes new lows, it lowers the price for this to flip green, so when we get back above that $20....

December 24, 2022 · 2 min · 253 words · Jose Tinkle

Bitcoin Records Second Highest Monthly Close Up 28 In October

The world’s premier digital asset hit its highest price since January 2018 with a brief spike to $14,100 during Saturday trading. The move happened in minutes and did not last as prices have retracted back into the $13,750 zone during Monday’s Asian crypto trading session. A massive month in October A number of industry analysts have observed that the big green closing candle for October was very close to beating the highest ever, which occurred in December 2017....

December 24, 2022 · 2 min · 304 words · Sally Hernandez

Bitwise Ceo Crypto Demand Largely Shifting From Individuals To Institutions

Horsley made the remarks in a statement announcing the company’s milestone of surpassing $100 million in Assets Under Management (AUM). He stressed that in just three years of launching the platform, several factors have emerged as a catalyst in the shift from individual investors to institutions. Most specifically the growing interest has been spurred by major institutions joining the space. According to Horsley. Institutions surpassing historical barriers PayPal recently announced that its US customers will be able to transact in cryptocurrencies in the coming weeks....

December 24, 2022 · 2 min · 248 words · Houston Cheeks

Blockchain Hackers Have Stolen 13 6Bn In 330 Breaches To Date Finbold

EOS Dapps have faced a total of 117 breaches in the process losing about $28.28 million or $241,785.8 per hack. Notably, EOS Dapps hackings account for 36% of all the breaches recorded. Cryptocurrency exchanges were the second most targeted platforms, recording 87 hacks. Potentially, it is due to the fact that it is easier to hack a beginner crypto traders‘ accounts as they do not have enough experience on how to properly keep their digital assets safe....

December 24, 2022 · 2 min · 264 words · Susan Bettendorf

Boeing Stock Rally On 737 Max Return Analysts Raise Targets Finbold

The upside momentum is also supported by the U.S. National Transportation Safety Board endorsement that 737 MAX is safe to fly. Moreover, the Federal Aviation Administration head Steve Dickson has provided upbeat reports about the 737 MAX after he tested the plane last week. Steve Dickson has used the plane for more than 90 minutes to check the safety and other features. “I like what I saw on the flight,” Dickson said....

December 24, 2022 · 2 min · 250 words · Christine Weisgerber

Canadian Regulators Issue Guidance On Improving Cryptocurrency Disclosures

CSA chair and Autorité des marchés financiers CEO Louis Morisset said the new guidance details the information that companies in the crypto space need to give to help investors make informed decisions. CSA issues guidance amid rising interest in crypto The guidance, which was published on March 11, also outlines disclosure expectations in safeguarding crypto assets, use of crypto trading platforms, risk factors, material changes, and promotional activities. It also guides issuers of crypto assets in dealing with complex accounting and disclosure issues....

December 24, 2022 · 2 min · 223 words · John Jones

Cardano Ada Price Prediction For December 31 2022

Cardano is consolidating with the rest of the cryptocurrency market’s assets into a sideways trading pattern after the market turned red following the collapse of FTX, thus prompting speculation about the ADA’s potential future direction. According to statistics gathered by Finbold on November 17, CoinMarketCap users who voted using the platform’s Price Estimate feature estimate that Cardano will trade at an average price of $0.4861 on December 31, 2022. The consensus of 4,817 voters projects a price increase of $0....

December 24, 2022 · 3 min · 519 words · Belinda Capps

Cardano Founder To Stop Discussing Xrp Citing Vicious Community Attacks

According to Hoskinson, the attacks have emerged from his stand on the ongoing Ripple and Securities Exchange Commission (SEC) case, where he has been accused of colluding with the regulator, he said during a webcast on December 16. In this line, Hoskinson has earlier stated that sources close to the matter had informed him that the case would be concluded on December 15. However, the timeline was not attained, with Hoskinson noting that he was again subjected to attacks by the XRP community, accusing him of being a liar....

December 24, 2022 · 2 min · 319 words · Jazmine Peoples

Cardano S Daedalus 5 1 0 Wallet Goes Live Here S What You Need To Know

Indeed, Input Output (IOHK), the parent organization behind Cardano, has announced a launch of a new upgrade of its Daedalus wallet on the mainnet with multiple improvements, in a series of tweets along with porting the release notes on its website on October 13. What the update brings According to IOHK, Daedalus 5.1.0 introduces “two updates to the hardware wallet integration – an updated LedgerJS package including the upcoming Ledger Cardano App 5....

December 24, 2022 · 3 min · 434 words · Dominique Moran

Celsius Token Records Double Digit Gains Despite Lending Platform Turmoil

In the last 24 hours, the token has gained by over 16% to trade at $0.86 by press time on July 4, just three weeks after the company announced a pause on customer withdrawals. Elsewhere, the weekly chart shows that CEL is up 7%, according to CoinMarketCap data. Triggers of Celsius rally The latest CEL gains are partly an impact of the network’s community that leveraged social media platforms to drive a short squeeze rally as part of supporting the troubled lender....

December 24, 2022 · 2 min · 293 words · Beatrice Connell