Cardano’s Profitability Dwindles: 0% of Holders in Profit, 95% in Losses
Cardano (ADA) has faced a challenging period in terms of profitability for its holders in 2023. Data from the on-chain tracking website IntoTheBlock indicates that ADA has underperformed compared to other cryptocurrencies in the top 10, with a significant drop in profitability for its investors. ...
Quant (QNT) Price Declines by 45% in 2023, but Majority of Holders Remain Profitable
Quant (QNT) has experienced a consistent downward trend throughout the year, declining by 45% from February to September. Despite this trend, a significant majority of QNT holders are still in profit, demonstrating the resilience of long-term investors. The current price action for QNT shows a se ...
IBM plans to replace back-office jobs with artificial intelligence
They have suspended hiring for new jobs And plan to implement AI replacements within 5 years Robots can perform back-office tasks IBM CEO Arvind Krishna announced a halt in hiring for a number of jobs. In the next few years, they plan to fill them wit ...
Bernstein Research Recommends Bitcoin over Gold for Better Profitability
According to a recent report by Bernstein Research, experts suggest that gold investors should consider investing in Bitcoin for higher profitability in the foreseeable future. Despite Bitcoin's impressive 71% growth since the beginning of the year, many investors are still skeptical about its lo ...
Canadian Crypto Companies Merge to Create One of the Largest Digital Asset Trading Platforms
Canadian cryptocurrency firms, including WonderFi, Coinsquare, and CoinSmart, have come together to create one of the world's most prominent digital asset trading platforms. The companies' joint statement revealed that the merger would consolidate about 2 million customers under a single brand, w ...
Top Challenges for Bitcoin Miners in 2023: When to Expect an Increase in Profitability?
As bitcoin continues to dominate the cryptocurrency market, miners face a number of challenges that could affect their profitability in 2023. Despite optimistic forecasts for the first cryptocurrency, miners have faced serious obstacles in recent years. The "growth at any cost" strategy, which in ...