XRP price set to consolidate at $0.70. The consolidation would be likely to impose a $10 risk on Ripple. The ...

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XRP and Stellar’s XLM are both among the market’s top 40 cryptocurrencies – and rival siblings too. The link between them is technologist Jed McCaleb, who founded Ripple and then left to co-found the Stellar Development Foundation [SDF]. Analysts, journalists, and traders admittedly love business rivalries and a dramatic backstory, especially with the SEC v. […]

An expert has claimed that crypto is trading like risk assets and looking like growth equities, and as the traditional market is likely to continue to see high volatility over the next months, the institutional adoption of crypto is slowing down until global equity markets find stability. Crypto Institutional Adoption The institutional adoption of digital assets is believed to be key to the future maturity and consolidation of the cryptocurrency market. The landscape of cryptocurrencies will likely keep on changing as a response to the ways worldwide regulations, macro environment, and mass adoption develops in the following years. Although many important corporations have started to gradually approach digital coins like bitcoin, there might be still a long way to go for institutional money to massively enter the market. Recently,  Bloomberg reported a JPMorgan strategists’ note in which they claim that “The biggest challenge for bitcoin going forward is its volatility and the boom and bust cycles that hinder further institutional adoption.” Similarly, Alex Kuptsikevich, a senior financial analyst at FxPro, explained to Forbes that Bitcoin’s price “is determined not so much by volatility as by crowd interest. Without investor interest, it quickly goes sour, and with it, it picks up just as fast. In bitcoin’s favor is the reduced supply growth rate and its finiteness.” “We should also note that the entry of institutional investors, the increasing acceptance of bitcoin as an asset for portfolio diversification, and the increased trading turnover in cryptocurrencies make the price less volatile over time.” Related Reading | Goldman Sachs: Mainstream Adoption Won’t Boost Bitcoin Price Why Growth Stocks Can Drive Investors In In a Bloomberg Television interview with Adam Levinson, chief investment officer at Graticule Asset Management Asia, the expert noted that the current volatility of growth stocks and the traders’ fear over the Federal Reserve (FED) raising interest rates is slowing down the pace at which institutions decide to invest. Levinson claims that many traditional institutions have already decided to allocate in crypto, but the current volatility has kept them away from investing. “They don’t want their first foray into the space to be a money-losing proposition quickly.[…] Institutional allocations will wait until the global equity markets, particularly growth equities, have stabilized.” The U.S. inflation has increased significantly and consequently so did the Vix ‘fear’ index, which measures the expectation of volatility for the stock market based on S&P 500 index. High inflation numbers create more pressure for the FED to increase rate-hikes and many investors believe the traditional markets are potentially set for a big sell-off. Since bitcoin has been trading more like a stock, this directly affects the crypto market. The total capitalization has been recovering in the past week, but might see more volatility soon. As Levinson noted, “What has happened this year is that you move to an environment where the Fed is being forced to raise rates, as are other central banks, and you are seeing a change in the extremely abundant liquidity environment.” As a result, “Crypto suffered. Crypto is basically traded as a risk asset, looking like a growth equity,” he added. However, Lenson thinks that over the middle of the year there will be a situation “where crypto trades better than growth equities,” which could result in more institutional investors going forward and investing in crypto. Related Reading | Could Crypto Adoption Represent a Compliance Opportunity for Banks?

Ethereum (ETH) price has been whipsaw in today’s session swing in between the red and green zone. ETH has posted strong gains to go from $2,159.0 to the highs of February at $3,824.75. The price has flipped a crucial barrier suggesting investors are accumulating near the lower level. Going forward, the expectation of increased buying

The post Ethereum (ETH) Price Today: ETH Prepares To Advance Towards $3,500k appeared first on CoinGape.

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After a brief rally Bitcoin has slid below $45K and is trading at $43K level. ETH too trades in red around the $3K level. In tandem with the market leaders, all the coins too have erased their recent gains and are trading in red. However, the overall market outlook remains bullish. As Bitcoin (BTC) continues …

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Following the Summer Olympics in 2008, China will host the 24th Winter Olympics. The event led to the inspiration for the launch of Alibaba and Bithumb’s NFT collectibles. Alibaba, a Chinese multinational tech giant, announced the launch of four non-fungible tokens (NFTs) inspired by the sports featured in the 2022 Beijing Winter Olympics. This is [...]

The post NFT Drops Amid Beijing Winter Olympics Event appeared first on Blockonomi.

TOKYO, Feb 9, 2022 - (JCN Newswire) - Showa Denko (SDK; TSE:4004) announces that it revises its forecast of consolidated business results for the full year ending on December 31, 2021, which was announced on August 3, 2021.

1. Revision of forecast of consolidated business results for January 1 - December 31, 2021

(1) Revised forecast of consolidated business results for January 1 - December 31, 2021
https://www.acnnewswire.com/docs/Multimedia/Low_SDK202202.jpg

(2) Reasons for the revision

Net sales hovers around the level of the previous forecast. However, operating income is expected to slightly increase. Ordinary income is also expected to increase by about 4.5 billion yen due to an increase in foreign exchange gain and a slight increase in equity in earnings of affiliates. In addition, an extraordinary loss of about 8.5 billion yen, which was once expected to incur in the year ending on December 31, 2021 as a cost of business structure improvement in the Showa Denko Materials segment, is now expected to incur in 2022. As a result, net income attributable to owners of the parent is expected to increase by about 13 billion yen from that in the previous forecast.

With regard to the dividend, we maintain our expectation that the Company will pay 65 yen per share as year-end dividend.

About Showa Denko K.K.

Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/graphite electrodes and fine carbon products. The Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high bright LEDs, and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, please visit www.sdk.co.jp/english/.

For further information, contact:
Showa Denko K.K., IR Office, Finance & Accounting Department, Tel: 81-3-5470-3323


Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comShowa Denko (SDK; TSE:4004) announces that it revises its forecast of consolidated business results for the full year ending on December 31, 2021, which was announced on August 3, 2021.

The evolution of digital transformation in APAC, accelerated by the pandemic and globalisation has been unprecedented in the last few years. To navigate this new world, and to shed more

The post Podcast: AirAsia and Payoneer Speak About the Digital Evolution in APAC appeared first on Fintech Singapore.

In 2021 we saw a big wave of crypto-related companies going public in stock markets worldwide. Miners were listed left, right, and centre along with the second-biggest exchange by volume, Coinbase (according to CoinMarketCap). On top of that, we have many pre-existing companies venturing into the growing sector. Therefore, it’s good to look at those companies that stand […]

The post Best Crypto Related Stocks For Investors: Huge Upside! appeared first on Coin Bureau.

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The Augmented Reality Best Practice Safety Playbook discusses: Risk factors to consider when using AR systems in work environments Risk assessment tools and methods Usability considerations User medical evaluation criteria Cleanliness and disinfection procedures Safety awareness training, and more   “Enterprise AR often brings new devices, new working methods, and new modes of user interaction...

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