EBON Stock: Crypto Play Ebang International Soars on Blockchain Beta Testing News
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Ebang International (NASDAQ:EBON) stock is on the rise Friday after announcing blockchain and cryptocurrency news.
According to a news release from Ebang International, the blockchain company is preparing to launch a beta test of its cryptocurrency exchange next week. The beta test will launch on Monday and will be invite-only.
Ebang International doesn’t plan to keep its cryptocurrency exchange in beta for too long. The company’s goal is to have the exchange ready for an official launch by the end of the month. However, it does note that the launch isn’t guaranteed and doesn’t mean there will be improvements for its financial state.
Dong Hu, chairman and CEO of Ebang International, said this about the blockchain news boosting EBON stock up today.
“Our upcoming cryptocurrency exchange will accelerate the Company’s development in the financial technology industry. In addition to establishing a digital asset financial service platform, the Company will also explore other business opportunities in establishing mining farms and cryptocurrency mining to optimize the structure of the global cryptocurrency platform as well as our offerings in the blockchain industry value chain.”
Following news of the beta test, EBON stock was seeing heavy trading today. As of this writing, more than 73 million shares of the stock have changed hands. To put that in perspective, the company’s daily average trading volume is nearly 16 million shares.
EBON stock was up 41% as of Friday afternoon and is up 51.9% since the start of the year.
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.
The post EBON Stock: Crypto Play Ebang International Soars on Blockchain Beta Testing News appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Source: cryptoliveinsider.com
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Dogecoin USD (DOGE-USD) On Bullish Momentum: 10.83% Up In The Last 24 Hours
Dogecoin USD (DOGE-USD) is at present on bullish momentum. At 22:04 EST on Saturday, 13 March, Dogecoin USD (DOGE-USD) is at $0.06 and up by 10.83% within the final 24 hours.
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Agency behind largest Bitcoin belief is hiring whole ETF staff. In accordance with Bloomberg Quint on Thursday, 11 March, “The race to launch the primary Bitcoin ETF is heating up,” mentioned Todd Rosenbluth, director of ETF analysis for CFRA Analysis. “, “As soon as regulatory hurdles are overcome, the agency that launches the primary Bitcoin ETF can have an edge over the competitors, business contributors say.”
Bitcoin approaches document excessive as risk-on rally accelerates. In accordance with Bloomberg Quint on Thursday, 11 March, “Business contributors, nonetheless, argue that the rise of institutional adoption will forestall that destiny, particularly Tesla Inc.’s $1.5 billion funding in Bitcoin and CEO Elon Musk’s endorsements of the digital asset on social media. “, “Billionaire investor Mike Novogratz, who runs Galaxy Digital Holdings Ltd., has mentioned that Bitcoin might attain $100,000 by the top of the yr.”
Bitcoin intraday buying and selling sample emerges as establishments pile in. In accordance with Bloomberg Quint on Friday, 12 March, “China accounts for about 65% of worldwide Bitcoin mining computing energy, in keeping with the Bitcoin Electrical energy Consumption Index compiled by Cambridge College. “, “Microstrategy Inc., in fact, is the corporate led by Michael Saylor that’s changing its money into Bitcoin and now holds greater than $4 billion of it. “
Bitcoin hoard fuels one of many world’s largest crypto fortunes. In accordance with Bloomberg Quint on Friday, 12 March, “Saylor mentioned he’d quite difficulty debt in opposition to future money stream now than save as much as purchase Bitcoin in 5 years, when he thinks it’ll be pricier.”, “When MicroStrategy elevated its Bitcoin holding, it held a Dutch public sale to provide shareholders time to promote their inventory.”
Bitcoin snaps five-day rally after flirting with document excessive. In accordance with Bloomberg Quint on Friday, 12 March, “Whereas some say that Bitcoin is a stimulus-fueled bubble prone to burst, business contributors argue that institutional adoption will forestall Bitcoin from plummeting from its highs as was witnessed in 2017-2018.”
Source: cryptonewsinsider.com
NFTs don’t need crypto, but crypto needs NFTs – TechCrunch
Spending millions for a digital work of art that could be screenshotted feels similar to traipsing around a strip of concrete as a tourist activity. The optics don’t make immediate sense — there’s hardly any appeal in something as accessible as a Google image or street.
That’s my best bet at explaining at least some of the confusion around the explosive rise of NFTs, or nonfungible tokens. The token, minted on the blockchain, can give digital assets a unique signifier. In other words, anyone could screenshot a piece of art, but only one of us will own the true, original piece of art. This context is part of the reason why Beeple, a digital artist, had his artwork sold for $69 million just a few days ago.
The reason this topic is coming up in a Startups Weekly newsletter is because of the impact it could have on the cryptocurrency movement, of which there is a growing tide of early-stage and late-stage startups. The popularization of NFTs, as I argued in Equity this week, could be what makes cryptocurrency finally palpable to the average human — beside the average bitcoin hoarder. Platforms that sell NFTs usually need you to use cryptocurrency (usually Ethereum) to purchase anything. Mix that with the fact that humans have an innate desire to own, protect and immortalize their assets, and you might have the perfect storm. Beeple, a digital artist, made $69 million for his work, and this isn’t just a big financing event, it’s a signal that crypto enthusiasts and crypto assets are getting to an inescapable spot in public dialogue.
Ownership as a way for a decentralized network to become mainstream is its own meta conversation, and I’ll be clear that the blockchain and NFTs have a long way to go before they are truly equitable, accessible and hit their stride. But, it’s hard to not to let your mind wander about the opportunities here.
It’s more than a screenshot, it’s about the potential of pixels having more meaning than they ever did before. And it’s more than a strip of concrete, it’s the Hollywood Walk of Fame. Finding exclusive aspects of accessible things in our lives is compelling to a consumer and could be great for creators.
In the rest of this newsletter, we’ll discuss Coupang’s competitive industrial edge, a startup hoping to be the Nasdaq for revenue and Google’s brains fighting Google itself. As always, you can follow me on Twitter @nmasc_ for my thoughts throughout the week and tech news.
Coupang, which some describe as the Amazon of South Korea, priced and started trading this week on the public markets. At one point on Thursday, the company was valued at $92 billion.
Here’s what to know: When Coupang first launched, it found that South Korea had an absence of third-party logistics companies similar to UPS or FedEx in the United States. Now, it wasn’t without competition, but it did have an opportunity to build an end-to-end logistics company that is now worth a boatload of money.
Image Credits: Bryce Durbin/TechCrunch
Pipe has a compelling narrative: It’s anti-VC, doesn’t like naming its rounds and says its goal is to be the Nasdaq for revenue. The goal since it started was to give SaaS companies a way to get their revenue upfront by connecting them to investors that would pay a rate for the annual value of those contracts. It turns monthly recurring revenue into annual recurring revenue.
Here’s what to know: The startup raised $50 million in a financing event this week. In the first quarter of 2021, tens of millions of dollars were traded through its platform, reports TechCrunch’s Mary Ann Azevedo.
Image Credits: Bryce Durbin
In our main Equity show this week, the trio discussed a slew of news that naturally lended itself over to a piece we wrote months ago, Meet the anti-antitrust startup club.
Here’s what to know: Neeva, built by a team of ex-Googlers including the guy who built Google’s advertising engine, is one startup to watch. There’s a lot to chew and we do it best during the episode, so take a listen and figure out if you’re team Natasha and Danny, or team Alex.
Image Credits: TechCrunch
As SolarWinds is showcasing, a company can be liable for the mistakes of its employees via a legal term called “vicarious liability.”
Cybersecurity writer Chandu Gopalakrishnan explains what it means for you and what you can do to stay on the right side of the law.
A few house-keeping things this week:
Zapier buys no-code-focused Makerpad in its first acquisition
Eye, Robot
Sequoia Capital puts millions of dollars into Gather, a virtual HQ platform
There have never been more $100 million fintech rounds than right now
What I wish I’d known about venture capital when I was a founder
White-label voice assistants will win the battle for podcast discovery
4 ways startups will drive GPT-3 adoption in 2021
Source: techcrunch.com
Author: Natasha Mascarenhas
@nmasc_
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