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Top Five: Moments in modern electric vehicle history

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Although electric vehicles have a history that stretches back to the 1800s, with European inventors coming up with battery-powered one-offs, the first recognizably car-like EVs took off around the turn of the Twentieth Century.

And these would have gone from strength to strength had Henry Ford’s Model T not made ICE power affordable and available, relegating electric cars, despite favorable interest from the public for their quiet operation and zero tailpipe emissions.

Thus, EVs have only had a bit-part to play in automotive history, with interest picking up in the 1970s, thanks to fuel crises, and properly getting going in the mid-1990s, which is where our Top Five picks begin:

#1 – GM EV1

When? 1996-2003
How many? 1,117

The first foray into the world of modern electric vehicles came courtesy of GM. The two-seat, aerodynamic EV1 coupe was leased to customers in California and Arizona. 660 cars were offered with a lead-acid battery, giving a range of up to 100 miles, while a second-gen car arrived in 1999 with a NiMH battery that took range to 140 miles.

Despite favorable reports from customers, GM cancelled the EV1 project in 2003, citing the fact that battery tech had not advanced quickly enough, and the car was too costly to make, although critics accused GM of jumping the gun.

Controversially, GM recalled and crushed all but 40 cars – the latter having their powertrain deactivated and donated to museums. However, in accordance with their policy that all vehicles in its collection must be operational, the Smithsonian does have a fully working first-generation EV1.

GM is now firmly back on the EV train with a new global platform that will underpin a huge range of models, plus extras designed by Honda.

#2 – Toyota RAV4 EV

When? 1997-2003/2012-2014
How many? 1,484/2,489

Not content with helping to popularize the dreaded crossover with its first-generation RAV4, Toyota also created an all-electric version for lease in California. Its NiMH battery gave a range of 95 miles and took five hours to charge. Unlike the EV1, when the leases ended, Toyota sold 328 RAV4 EVs, with a number known to still exist.

The second-gen model (above) is also noteworthy, as it was produced as a joint venture between Toyota and Tesla, before the Japanese car giant sold its stake in the Californian firm in 2017.

Again sold or leased only in California, the RAV4 used a Tesla Li-Ion battery pack and electronics related to those used in the Model S, with Toyota using the project to continue learning about EVs, and Tesla fine-tuning its knowledge of EV SUVs ahead of the launch of the Model X in 2015.

#3 – Nissan Leaf

When? 2010-Present
How many? Over 470,000

Although others – namely the Mitsubishi i-MiEV – claim the title of first mass-produced modern EV, the Leaf was the first to take electric vehicles global, selling in decent numbers in Europe, Asia and North America. The Leaf is built in Sunderland, UK; Oppama, Japan; and in Smyrna, TN, US for each respective market.

The first-generation model started with a 24kWh li-ion battery that gave around 73 miles of range. Over the past decade and the introduction of a new, second-generation model, the Leaf now features the option of a 62kWh li-ion battery, giving a range of around 239 miles. This car also features Nissan’s latest suite of ADAS tech, including its ProPilot lane keeping assistant.

#4 – BMW i3

When? 2013-Present
How many? Over 165,000

While the Leaf is aimed squarely at the mainstream, BMW took the electric vehicle into premium territory, albeit in pint-sized form, when it introduced the i3, first with the option of a gas-powered range extender, and now just as a pure EV.

The i3 was one of the first mass-produced cars to use a lightweight, five-door CFRP body to help boost range. Unlike the Leaf, which is most popular in Europe, most i3s have found homes in the US. Launching with a 22kWh battery, the i3 can now be had with a 42.2kWh unit, giving a maximum range of 153 miles.

Although BMW has not confirmed a successor to the i3, it has confirmed that the existing model will continue to be offered, albeit with updates, until at least 2024.

#5 – Tesla Model 3

tesla-model-3_1

When? 2017-Present
How many? Over 500,000

No list of game-changing EVs would complete without at least a small nod to Tesla and its impact on popularizing the technology. While the original Lotus Elise-based Roadster broke new ground – selling 2,450 units, with one currently flying through space – it’s the firm’s volume models that really matter.

The Model 3 has managed to pull off a number of significant tricks. It is desirable – becoming the first EV to hit 500,000 global sales in early 2020 – and also practical – able to fit five adults and luggage.

The Model also has surprising performance – capable of the 0-62mph sprint in a little over three seconds, while offering a minimum range of 220 miles from a 54kWh battery, up to 322 miles from the 75kWh battery.

Add in the fact that it is the firm’s most affordable model to date, and it is no surprise that the Model 3 is proving extremely popular. The Model Y crossover, based on the Model 3’s underpinnings, is just coming on stream, too.

Source: https://www.automotive-iq.com/electrics-electronics/articles/top-five-moments-in-modern-electric-vehicle-history

Blockchain

Robinhood Silently to Test Crypto Wallets & Crypto Transfer Functions


According to a Bloomberg report, Zero-commission financial trading platform Robinhood is low-profile testing new crypto wallet features for its customers, which will allow users to send and receive cryptocurrencies. (Read More)

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According to a Bloomberg report, Zero-commission financial trading platform Robinhood is low-profile testing new crypto wallet features for its customers, which will allow users to send and receive cryptocurrencies.

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Reportedly, Robinhood users currently can only use U.S. dollars to buy cryptocurrencies and trade digital assets on the platform but cannot withdraw the encrypted assets.

This is the first time the company has introduced deposit and withdrawal functions for digital assets like Bitcoin (BTC). 

Bloomberg reported that the beta version of the application on its IOS system reflects the company’s work on such functions. Also, there is a hidden image showing the waiting list page for users to register for the function of the encrypted wallet. It also involves the code related to the transfer of cryptocurrency assets.

Robinhood CEO Vlad Tenev pointed out in the second-quarter earnings conference call that adding a crypto wallet is the top priority of the company’s developers and said:

“It’s something that our teams are working on. The ability to deposit and withdraw cryptocurrencies is tricky to do with scale, and we want to make sure it’s done correctly and properly.”

As reported by Blockchain.News on September 9, Robinhood Markets Inc. has launched a new cryptocurrency recurring investment feature that lets customers automatically invest in cryptocurrencies on a daily, weekly, or monthly schedule.

The new feature is set to allow its customers to purchase cryptocurrency commission-free and with a little as $1 worth of cryptocurrency of their choice monthly, weekly or even daily.

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Source: https://Blockchain.News/news/robinhood-silently-to-test-crypto-wallets-crypto-transfer-functions

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Blockchain

Binance Ceases Crypto Futures and Options Offering in Australia

The exchange is pulling its derivatives services around the world amid regulatory crackdowns.

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Binance continued to limit its services as the crypto exchange most recently ceases offering futures, options and leveraged tokens to its customers in Australia. According to the official announcement on Tuesday, the step has been taken to comply with local regulations.

This came as an extension of already imposed restriction in Australia as the crypto exchange last month ceased the Australians from opening new accounts for trading options, margin products and leveraged tokens.

Though the crypto exchange giant will stop its offerings on September 24, the Aussie clients will have a 90 days deadline to reduce and close their positions for the ceased products. The exchange will allow users to increase or open new positions, but they can top-up margin balances to prevent margin calls and liquidations.

“Users will no longer be able to manually reduce or close their positions after 2021-12-23 11:59 PM (UTC). Thereafter all remaining open positions will be closed,” Binance stated.

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Compliance Is a Must Now

Once aimed to offer crypto trading services with almost every local fiat currencies, Binance is facing heavy regulatory backlash now. Multiple regulators, from big and small jurisdictions, are flagging Binance’s services for offerings without holding requisite licenses.

The financial regulator of Japan even said that the exchange is operating in the country without the mandatory license, while the Malaysian financial watchdog made the exchange exit the country.

While the Australian regulator did not specifically issue any warning against Binance, it issued a general warning against all unlicensed crypto exchanges offering services to Aussie traders.

“Our aim is to create a sustainable ecosystem around blockchain technology and digital assets,” Binance added. “Binance welcomes developments to our industry’s regulatory framework as they pose opportunities for the market players to have greater collaboration with the regulators.”

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Source: https://www.financemagnates.com/cryptocurrency/news/binance-ceases-crypto-futures-and-options-offering-in-australia/

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Blockchain

Cardano (ADA) Price Analysis: Support Turned Resistance Near $2.30

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  • ADA price started a sharp decline from the $2.60 zone against the US Dollar.
  • The price is now trading below $2.50 and the 55 simple moving average (4-hours).
  • There is a crucial bearish trend line forming with resistance near $2.35 on the 4-hours chart (data feed via Bitfinex).
  • The price could remain in a bearish zone as long as it is below the $2.35 resistance zone.

Cardano price is down over 10% and it broke the $2.20 support against the US Dollar, similar to bitcoin. ADA price must clear $2.35 to start a fresh increase.

Cardano Price Analysis

After struggling to clear the $2.65 zone, cardano price started a major decline against the US Dollar. The ADA/USD pair broke the $2.50 support to move further into a bearish zone.

The price even broke the $2.20 support level and settled below the 55 simple moving average (4-hours). Finally, there was a spike below the $2.00 level. A low was formed near $1.973 before the price recovered higher. There was a wave above the $2.00 and $2.05 levels.

The price also surpassed the 23.6% Fib retracement level of the recent decline from the $2.58 swing high to $1.97 low. An immediate resistance on the upside is near the $2.20 level.

The first major resistance is forming near the $2.35 level. There is also a crucial bearish trend line forming with resistance near $2.35 on the 4-hours chart. The trend line is close to the 50% Fib retracement level of the recent decline from the $2.58 swing high to $1.97 low.

If there is an upside break above the $2.35 zone, the price could rally above $2.40. The next major resistance could be near the $2.50 level. On the downside, an immediate support is near the $2.05 level. The main support sits near the $2.00 level. Any more losses might call for a sharp decline to $1.85 in the near term.

Cardano (ADA) Price

Cardano (ADA) Price

The chart indicates that ADA price is now trading below $2.20 and the 55 simple moving average (4-hours). Overall, the price could remain in a bearish zone as long as it is below the $2.35 resistance zone.

Technical Indicators

4 hours MACD – The MACD for ADA/USD is still in the bearish zone.

4 hours RSI – The RSI for ADA/USD is now well below the 50 level.

Key Support Levels – $2.05 and $2.00.

Key Resistance Levels – $2.20 and $2.35.

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Source: https://www.livebitcoinnews.com/cardano-ada-price-analysis-support-turned-resistance-near-2-30/>

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