By FintechNews staff – Texas! Invoiced and PaymentsNEXT have just published “The State of B2B Payment Acceptance” detailing the top payment trends and priorities among U.S. business-to-business companies. -When asked about their plans for accepting cryptocurrency payments, 59% fo B2B indicated they have no plans to do so and are not open to it. Conversely […]
For the second time in as many weeks, Renault is hutting its Russian Assembly plant. TheDetroitBureau.com examines what the continuing reversals mean for the automaker.
The CEO of the world’s largest asset manager, Blackrock, says the Russia-Ukraine war has a “potential impact on accelerating digital currencies.” He confirms that Blackrock “is studying digital currencies, stablecoins and the underlying technologies to understand how they can help us serve our clients.” Blackrock on the Acceleration of Digital Currencies Blackrock CEO Larry Fink […]
It’s official: Kids are spending more time on screens now than they were before the pandemic.That development is perhaps not surprising given the fact ...
Point blank, flower remains king when it comes to the most popular cannabis products. It’s included in nearly half of all dispensary transactions and makes up a large portion of online sales as well. Also popular are pre-rolled joints, blunts, and cigars, and concentrates like hash and moon rocks. Learn more below and check out […]
Executives say the merger will make the new company the “largest cannabis company by revenue, and the number one wholesaler of branded cannabis products.”
Businesses are increasingly shifting to open source software solutions to address COVID-19-related challenges and tackle new market demands for quality, speed and as well as an evolving cybersecurity landscape. This
The prospects and the burgeoning sales of cannabis products across the country would make one believe that all cannabis businesses are soaring in profits. The new report from Whitney Economics after a survey of about 400 cannabis business owners in 20 legal states unfortunately says otherwise. The results of the report indicate that only 42 percent of the business owners in the survey were profitable. 20 percent of the respondents indicated that they were breaking even in the business. This leaves 38 percent of the respondents still operating their businesses at somewhat of a loss as opposed to the general expectation of profit by all.
Toyota is partnering with Aurora Innovation to begin testing autonomous vehicles on U.S. roads, running a shuttle that includes trips to or from the airport. The service comes as other companies, such as Waymo, Cruise and others are in the midst of extensive studies underway. Find out more at TheDetroitBureau.com.
Data shows the Bitcoin trading volume has further declined recently, suggesting that the latest rally may be losing steam. Bitcoin Spot Trading Volume Continues To Decline This Week According to the latest weekly report from Arcane Research, the BTC spot volume has observed further decline in the past week. The “trading volume” is an indicator that measures the total amount of Bitcoin being involved in spot trades on any given day. When the value of this indicator goes up, it means more coins are now changing hands. This trend shows that the network is becoming more active. Usually, high volumes make up for an ideal environment for pushing any big price moves. This is because for sustaining such movements, you require a large amount of traders involved in the market. Which is precisely what high values of the metric represent. Related Reading | Data: Bitcoin Long-Term Holder Supply Has Stagnated Since October High On the other hand, declining volumes imply that the Bitcoin network is turning inactive. Such a trend may be a sign of general disinterest in the crypto among investors at the moment. Now, here is a chart that shows the trend in the BTC Trading Volume over the past year: The indicator's value seems to have been declining recently | Source: Arcane Research's The Weekly Update - Week 11, 2022 As you can see in the above graph, the Bitcoin daily volume has been on the decline for a while now. Over the past seven days, this downtrend looks to have continued. The 7-day average spot volume is currently around just $4 billion. In the last week, the metric’s value has surged to $7 billion on only a single day. Related Reading | Bitcoin Bullish Signal: Exchange Reserve Loses Another 50k BTC Over Past Week Price activity usually revives the indicator as it attracts more traders. However, market activity has been rather declining recently, despite the value of Bitcoin observing some sharp upliftment over the past couple of days. A lack of traders means that it’s unlikely this rally would be able to march any further. Just like much of the recent trend, the coin’s price may start consolidating now instead of catching any real movement. BTC Price At the time of writing, Bitcoin’s price floats around $42.2k, up 5% in the last seven days. Over the past month, the crypto has accumulated 10% in gains. The below chart shows the trend in the price of the coin over the last five days. Looks like the price of BTC broke past the $43k mark yesterday | Source: BTCUSD on TradingView As the chart shows, it seems like the Bitcoin rally has already started losing steam, just like the trading volume had indicated. Featured image from Unsplash.com, charts from TradingView.com, Arcane Research
Four individuals connected to the illegal streaming of copyrighted content have been handed prison sentences in the UK totaling more than 10 years. Three men and a woman were convicted of fraud and money laundering for offenses against broadcasters including Sky and BT Sport. Assets have also been seized under the Proceeds of Crime Act.
From: TF, for the latest news on copyright battles, piracy and more.