Netflix gained 2 million more new subscribers than Wall Street’s analysts had expected. That enabled the streaming giant to triple its revenue in October-December.
Following the company’s latest quarterly report, Netflix’s market value rose above $100 billion for the first time ever, with its shares soaring by 9% to more than $248 in after-hours trading on Monday.
Despite the increase in subscription prices in October, the company added 1.98 million users in the US and gained 117.58 million new subscribers around the world.
At the same time, the company took a $39 million write-down related to unreleased content. Thus, the streaming giant postponed production of Kevin Spacey’s “House of Cards” and also canceled Spacey's Gore Vidal biopic titled Gore.
For the December quarter, Netflix reported diluted earnings-per-share of 41 cents, matching analysts' expectations. The fourth-quarter revenue came in at $3.28 billion, also in line with analysts’ estimates.
For the first quarter of 2018, the company is forecasting 6.35 million new streaming customers. Meanwhile, analysts polled by FactSet predict an increase of 5.01 million.
Netflix gained 2 million more new subscribers than Wall Street’s analysts had expected. That enabled the streaming giant to triple its revenue in October-December.
Following the company’s latest quarterly report, Netflix’s market value rose above $100 billion for the first time ever, with its shares soaring by 9% to more than $248 in after-hours trading on Monday.
Despite the increase in subscription prices in October, the company added 1.98 million users in the US and gained 117.58 million new subscribers around the world.
At the same time, the company took a $39 million write-down related to unreleased content. Thus, the streaming giant postponed production of Kevin Spacey’s “House of Cards” and also canceled Spacey's Gore Vidal biopic titled Gore.
For the December quarter, Netflix reported diluted earnings-per-share of 41 cents, matching analysts' expectations. The fourth-quarter revenue came in at $3.28 billion, also in line with analysts’ estimates.
For the first quarter of 2018, the company is forecasting 6.35 million new streaming customers. Meanwhile, analysts polled by FactSet predict an increase of 5.01 million.
Choosing an inexpensive gift for the New Year, few people turn their attention to technological innovations. However, modern technologies can be quite affordable, if you choose fashion accessories based on their practical importance. So, what can you find under the tree on December 31?
Stylus for a tabletThese accessories are presented in a rich color scheme and can be used on any touchscreen device, helping users of high-tech devices. In addition, using a graphic tablet you can create stunning drawings wit a help of a stylus.
Shockproof stand case coverThe basis of shockproof case covers' design is made of special strong metal alloys (carbon, aluminum), as well as cushioning materials (rubber, silicone). If the gadget has become massive and inconvenient to hold, it is possible to put on a shockproof stand case cover.
Protective film or impact-resistant glassThese weightless accessories can protect the screen - the most fragile part of a phone - from damage. The film is suitable for inexpensive phones. For more expensive gadgets it is advised to use a protective glass. It is much harder and thicker than usual film. Moreover, it is relatively easy to clean. One more glass's advantage is the higher brightness of the smartphone's image.
Phone wrist strapA great gift for those who are afraid to miss an important call or can not train without motivating music. Convenience is guaranteed.
Tablet case or laptop bagAn inexpensive cover is an ideal way to ensure the safety of the tablet while traveling. Most models have an extra pocket where a phone or other necessary accessories can be stored. The laptop bag has the same protective functions. So, the choice depends on the customer's requires.
Two-port charger or two for one cableA great invention that will stop any controversy on who and where can charge their gadgets. It is very convenient and economical in terms of space and time. If the one to whom you are going to give an accessory is a motorist, then in the market there are also car charges for two ports. If your friend has a lot of gadgets, and it is inconvenient to carry different cables with him, then you can ease his burden by buying a two for one cable.
Selfie-stickOnly a lazy one have not taken pictures of himself and everything around him on the phone yet. Selfie-stick simplifies this task at times. With a successful choice of foreshortening any modern smartphone will be able to make almost professional photos.
HeadphonesNow the headphones are considered not just as an accessory to a mobile phone or a player, but as a completely independent fashionable detail, to the choice of which some buyers come up with all the care. Excellent sound quality is guaranteed by most of the original models, so it's hard to make a mistake.
Gadgets cleaning set or cleaning wipesThis set includes a blowing punch and a brush to remove dust in hard-to-reach places. A great gift for neat people.
Choosing an inexpensive gift for the New Year, few people turn their attention to technological innovations. However, modern technologies can be quite affordable, if you choose fashion accessories based on their practical importance. So, what can you find under the tree on December 31?
Stylus for a tabletThese accessories are presented in a rich color scheme and can be used on any touchscreen device, helping users of high-tech devices. In addition, using a graphic tablet you can create stunning drawings wit a help of a stylus.
Shockproof stand case coverThe basis of shockproof case covers' design is made of special strong metal alloys (carbon, aluminum), as well as cushioning materials (rubber, silicone). If the gadget has become massive and inconvenient to hold, it is possible to put on a shockproof stand case cover.
Protective film or impact-resistant glassThese weightless accessories can protect the screen - the most fragile part of a phone - from damage. The film is suitable for inexpensive phones. For more expensive gadgets it is advised to use a protective glass. It is much harder and thicker than usual film. Moreover, it is relatively easy to clean. One more glass's advantage is the higher brightness of the smartphone's image.
Phone wrist strapA great gift for those who are afraid to miss an important call or can not train without motivating music. Convenience is guaranteed.
Tablet case or laptop bagAn inexpensive cover is an ideal way to ensure the safety of the tablet while traveling. Most models have an extra pocket where a phone or other necessary accessories can be stored. The laptop bag has the same protective functions. So, the choice depends on the customer's requires.
Two-port charger or two for one cableA great invention that will stop any controversy on who and where can charge their gadgets. It is very convenient and economical in terms of space and time. If the one to whom you are going to give an accessory is a motorist, then in the market there are also car charges for two ports. If your friend has a lot of gadgets, and it is inconvenient to carry different cables with him, then you can ease his burden by buying a two for one cable.
Selfie-stickOnly a lazy one have not taken pictures of himself and everything around him on the phone yet. Selfie-stick simplifies this task at times. With a successful choice of foreshortening any modern smartphone will be able to make almost professional photos.
HeadphonesNow the headphones are considered not just as an accessory to a mobile phone or a player, but as a completely independent fashionable detail, to the choice of which some buyers come up with all the care. Excellent sound quality is guaranteed by most of the original models, so it's hard to make a mistake.
Gadgets cleaning set or cleaning wipesThis set includes a blowing punch and a brush to remove dust in hard-to-reach places. A great gift for neat people.
Apparently, in Russia, it is strictly forbidden to sell gas without the government permission, even if it's your own gas. The Gazprom management has to solve such issues in advance due to cumbersome bureaucracy. So, state-owned company Gazprom asks the Russian government permission to sell its own gas at the St. Petersburg International Mercantile Exchange. To put some clarity into it, we are talking not about people's gas or even state gas but about the Gazprom property.
That's how head of the state-owned company Alexey Miller refers to the Russian national wealth, as he personally told in a letter to Prime Minister Dmitry Medvedev. Miller complained about his competitors, saying that independent gas producers do not comply with the established restrictions and dare to compete with Gazprom. For now, the company can sell not more than 17.5 billion cubic meters of gas on the Exchange a year. A similar limit is set for other producers, but they ignore the allocated quotas. In addition, Miller voiced concerns that Gazprom cannot make discounts on gas for its customers, while its competitors can, and this affects the share of the gas monopoly on the Russian market.
In other words, reading such letters, one always has more questions than answers. How can a market monopolist complain at all, especially on allegedly unfair competition? Another thing that causes resentment among gas monopolists is the fact that even such competition still forces sellers to cut gas prices. In Miller's opinion, this situation is unacceptable. He thinks that gas prices must rise.
Global Residential Cities Index (GRCI) follows the average home prices based on the official data in 150 cities of the world. According to this rating, Moscow and Saint Petersburg, two biggest Russian cities, took 132nd and 82nd places correspondingly. See in our photo gallery investments in real estate in what cities are the most profitable.
10. MelbourneAustralia's second biggest city registered a rise in home prices of 13.2%.Located on the South-West coast of the continent near the Port Phillip Bay, Melbourne is a capital of the Victoria state. This city has a status of the sports and cultural capital of Australia. It hosts tennis tournaments, Formula 1 rally, horse racing, yacht racing and other events.Melbourne often gets in top 10 of the safest cities in the world.
9. RotterdamRotterdam is the Dutch heart of machine engineering. Here home prices grew by 13.5%.Rotterdam has the biggest port in Europe. Besides, it is a largest transport node where a sea port (in the North Sea), a river port (on the Nieuwe-Maas river), and an airport, as well as railways and motorways.
8. HobartHobart is another Australian city in the rating. Here, home prices increased by 13.8%. Hobart is the capital, financial and administrative center of Tasmania. It is also the start point for expeditions to Antarctica and the berthing place for numerous cruise liners. Hobart is rapidly developing as a tourist center.The food industry is the key segment of the local economy. Besides, shipbuilding and auxiliary industries are also quite active.
7. AmsterdamAmsterdam is the capital of the Netherlands where headquarters of 7 out of 500 biggest global corporations are located (Philips, ING Groep, and other). Besides, the central office of Greenpeace and the world's oldest stock exchange are situated here. Home prices in Amsterdam advanced by 13.8%.
6. Hong KongThe economy of Hong Kong is based on the free market principles, low taxation, and non-intervention policies. However, Hong Kong is not an offshore zone, but a free port.The city attracts businesspeople, as the value-added tax and customs fees are not charged here. Excise duties are levied only on four categories of goods regardless of whether they are imported or domestic.Home prices in Hong Kong rose by 15.1%.
5. BudapestHome prices in the Hungarian capital advanced by 15.3%. This is the biggest city of the country and the only European capital that is famous as a resort with thermal springs.
4. TorontoToronto is the biggest city of Canada and the administrative center of Ontario. Here home prices grew at much faster pace than in Budapest – by 18%.Toronto is a part of the Golden Horseshoe, a region lying at the western end of Lake Ontario. About 7 million people live here. About the sixth part of all jobs in Canada is concentrated in Toronto.Toronto is not only an important city for Canada, but also one of the leading metropolises in the world.
3. HamiltonHamilton is the Canadian city, located in the province of Ontario. Hamilton is divided into two parts: the lower city - downtown and the west and east neighborhoods; and the upper city which is on a hill.The home prices in Hamilton increased by 19.5%.
2. IzmirThe home prices growth in Turkish Izmir (19.8%) outpaced the growth in Hamilton by 0.3%. It is the second largest port of the country after Istanbul. Besides, it is one of the most popular resorts in Turkey.
1. ReykjavikThe world's northernmost capital is ranked first in the list of the cities with the fastest pace of home price growth. Here prices advanced by 21.3%. The capital of Iceland has no industrial factories. There are only clean air and several dozen of thermal pools. The city has an air service with Europe, thanks to which millions of tourists visit Reykjavik every year.
The United States got really worried over the threat posed by cryptocurrencies. For 10 years of the existence of digital money, the US Department of the Treasury has finally managed to form an opinion on it. The ministry views virtual currencies as an “evolving threat”. Though no bans are yet discussed, the Treasury is auditing major cryptocurrency providers in order to make sure that their activities are legitimate and law-abiding.
Speaking before the Congress, Under Secretary of the Treasury Sigal Mandelker said that there is every reason to be concerned over the growing popularity of cryptocurrencies in general and bitcoin in particular. Currently, the Treasury together with the Internal Revenue Service inspects 100 registered providers of cryptocurrency trading services – crypto exchanges, exchange offices, companies that hold ICOs, as well as other not registered entities.
At the same time, the ministry closely monitors the cryptocurrency market in order to detect cases of money laundering. At the end of her testimony, Mandelker said that the US government will aggressively pursue the dealers who ignore the official rules.
The United States got really worried over the threat posed by cryptocurrencies. For 10 years of the existence of digital money, the US Department of the Treasury has finally managed to form an opinion on it. The ministry views virtual currencies as an “evolving threat”. Though no bans are yet discussed, the Treasury is auditing major cryptocurrency providers in order to make sure that their activities are legitimate and law-abiding.
Speaking before the Congress, Under Secretary of the Treasury Sigal Mandelker said that there is every reason to be concerned over the growing popularity of cryptocurrencies in general and bitcoin in particular. Currently, the Treasury together with the Internal Revenue Service inspects 100 registered providers of cryptocurrency trading services – crypto exchanges, exchange offices, companies that hold ICOs, as well as other not registered entities.
At the same time, the ministry closely monitors the cryptocurrency market in order to detect cases of money laundering. At the end of her testimony, Mandelker said that the US government will aggressively pursue the dealers who ignore the official rules.
The Ritz-Carlton hotel in Riyadh, a holding place of royals and ministers detained in a sweeping Saudi corruption probe, will re-open for business in February, sources at the hotel said.
A new anti-corruption committee chaired by Crown Prince of Saudi Arabia Mohammed bin Salman started working on November 4-5, 2017. The hotel was closed for business and its phone line was disconnected since early November, when more than 150 princes, ministers and businessmen were rounded up in an anti-corruption purge. They were taken to Ritz-Carlton and forbidden to leave it. In fact, the five-star hotel has become the most expensive prison in the world.Saudi billionaire Prince Al-Waleed bin Talal - who is one of the richest men in the world and owns the British capital's top hotel the Savoy - is one of the men who has been detained.
Ritz-Carlton in Riyadh is designed for 492 rooms. The room can be booked starting from February 14th. The service desk rejects an earlier request. Although the hotel still has some detainees, including Talal, the very fact of the booking possibility indicates that the campaign is over, FT and Bloomberg claim.
The country's attorney general has said most of those detained struck monetary settlements in exchange for their freedom. Authorities say the settlements could earn state coffers about $100 billion. All assets obtained through the corruption will be passed to the state, officials said.
Some detainees paid for their freedom, admitting guilt and handing over the part of their property to the Saudi authorities. The Financial Times reported that the Saudi government had offered the new occupants of the Riyadh Ritz-Carlton a way out. It's going to cost them, in some cases, as much as 70% of their net worth. There were also those who were released because of a lack of evidence. The remaining suspects have to prove their innocence or agree with the authorities before the end of January, otherwise they will be brought to trial.
The Ritz-Carlton is called a majestic and elegant oasis with spacious suites, exceptional service, a world-class spa, a stunning indoor pool, as well as lavish and luxurious wedding options.
With its 600-year-old olive trees, landscaped gardens and swaying palms, The Ritz-Carlton, Riyadh is one of those Saudi Arabia luxury hotels that completely envelopes its discerning guests in majestic surroundings and discreet, attentive service.According to the online reservation service of the hotel, a double room will cost 2,489 rials (about $663). The Royal suite will cost 25,000 riyals ($6,667) per night.
The Ritz-Carlton hotel in Riyadh, a holding place of royals and ministers detained in a sweeping Saudi corruption probe, will re-open for business in February, sources at the hotel said.
A new anti-corruption committee chaired by Crown Prince of Saudi Arabia Mohammed bin Salman started working on November 4-5, 2017. The hotel was closed for business and its phone line was disconnected since early November, when more than 150 princes, ministers and businessmen were rounded up in an anti-corruption purge. They were taken to Ritz-Carlton and forbidden to leave it. In fact, the five-star hotel has become the most expensive prison in the world.Saudi billionaire Prince Al-Waleed bin Talal - who is one of the richest men in the world and owns the British capital's top hotel the Savoy - is one of the men who has been detained.
Ritz-Carlton in Riyadh is designed for 492 rooms. The room can be booked starting from February 14th. The service desk rejects an earlier request. Although the hotel still has some detainees, including Talal, the very fact of the booking possibility indicates that the campaign is over, FT and Bloomberg claim.
The country's attorney general has said most of those detained struck monetary settlements in exchange for their freedom. Authorities say the settlements could earn state coffers about $100 billion. All assets obtained through the corruption will be passed to the state, officials said.
Some detainees paid for their freedom, admitting guilt and handing over the part of their property to the Saudi authorities. The Financial Times reported that the Saudi government had offered the new occupants of the Riyadh Ritz-Carlton a way out. It's going to cost them, in some cases, as much as 70% of their net worth. There were also those who were released because of a lack of evidence. The remaining suspects have to prove their innocence or agree with the authorities before the end of January, otherwise they will be brought to trial.
The Ritz-Carlton is called a majestic and elegant oasis with spacious suites, exceptional service, a world-class spa, a stunning indoor pool, as well as lavish and luxurious wedding options.
With its 600-year-old olive trees, landscaped gardens and swaying palms, The Ritz-Carlton, Riyadh is one of those Saudi Arabia luxury hotels that completely envelopes its discerning guests in majestic surroundings and discreet, attentive service.According to the online reservation service of the hotel, a double room will cost 2,489 rials (about $663). The Royal suite will cost 25,000 riyals ($6,667) per night.
In this materialistic and money-focused world, there are people who care about financial well-being of others. Steven Maijoor, the Chair of the European Securities and Markets Authority, is one of them. He was so kind to give a valuable piece of advice to traders.
The expert warned bitcoin owners about risks of losing all their funds. “It [bitcoin] has an extremely volatile value, which undermines its use as a currency,” Mr. Maijoor said. With the current dynamics of cryptocurrencies, his warnings sound more serious than they would be at the times when bitcoin cost almost USD 20,000. Most market participants got really worried over Steven Maijoor’s comments. On January 16, the bitcoin exchange rate plunged by 12% to USD 12,255, hitting the lowest level since December 5, 2017. After that, bitcoin registered a further fall of 20%. However, it was not a full stop, as the cryptocurrency broke below the psychological level of USD 10,000.
The bitcoin exchange rate has been plummeting since early January after South Korea shocked investors with its intentions to ban cryptocurrency trading. Later, however, the authorities specified their plans, saying that the ban was discussed but it would not be imposed in the nearest future.
In this materialistic and money-focused world, there are people who care about financial well-being of others. Steven Maijoor, the Chair of the European Securities and Markets Authority, is one of them. He was so kind to give a valuable piece of advice to traders.
The expert warned bitcoin owners about risks of losing all their funds. “It [bitcoin] has an extremely volatile value, which undermines its use as a currency,” Mr. Maijoor said. With the current dynamics of cryptocurrencies, his warnings sound more serious than they would be at the times when bitcoin cost almost USD 20,000. Most market participants got really worried over Steven Maijoor’s comments. On January 16, the bitcoin exchange rate plunged by 12% to USD 12,255, hitting the lowest level since December 5, 2017. After that, bitcoin registered a further fall of 20%. However, it was not a full stop, as the cryptocurrency broke below the psychological level of USD 10,000.
The bitcoin exchange rate has been plummeting since early January after South Korea shocked investors with its intentions to ban cryptocurrency trading. Later, however, the authorities specified their plans, saying that the ban was discussed but it would not be imposed in the nearest future.
Last year, investors strengthened their belief that the crisis was over thanks to the robust US economy. According to the tax reform approved by Donald Trump, retail chains, telecom operators and banks will be its main beneficiaries. View our article to find out what US companies have the potential to bring investors profits in 2018.
Remarkably, companies in these sectors will be able to boost their profits by 5-20%, provided that Donald Trump's tax reform will be implemented together with the preservation of the US monetary policy. Last year, the Fed gradually raised interest rates amid rising inflation. It also started trimming its $4.5 trillion balance sheet, unloading $10 billion worth of assets a month. The $50 billion per month taper is expected to begin in February 2018.
Retail sectorDue to changes in the US tax system, the profits of such major retailers as Macy's (M), Target (TGT) and Nordstrom (JWN) will grow by 45%, according to experts. It is worth considering including these stocks in your portfolio now as ideas associated with the tax reform will be implemented during the first two quarters of 2018. This factor is already partly reflected in rising stock prices: Target (TGT) and Nordstrom (JWN) rose by 17% over the past two months, as well as Macy's shares climbed by 46% over the same period.
However, as long as Amazon (AMZN) is the leader, it is difficult to talk about the long-term prospects of traditional retailers. Walmart (WMT) is considered the most promising as it is enhancing its online presence. With about 75% of its earnings coming from the US, WMT is expected to boost three-fourths of its pre-tax profit by 45%. The retail giant is expected to generate $512 billion in revenue this year and a pre-tax profit of $21.22 billion.
For now, e-commerce comprises a small sliver of Walmart's overall profits. But the transformation of the business and the advancement of the online platform can catalyze revenue growth. Moreover, the retailer will save about $2.5 billion in 2018 as a result of the tax cut, so it can allocate up to $7-7.5 billion for the development of its online services. The forecast that its US e-commerce division will eventually become leading might well be accurate.Analysts set the price target for Walmart shares until the end of 2018 at $121.
TelecommunicationsAT&T (T) and Verizon (VZ) are major players. They have similar sales structure, with more than 90% of revenues generated in the United States. AT&T seems to be more promising for investment as its turnover is 28% bigger than that of Verizon, meaning that its net profit can grow at a faster pace.
AT&T's another advantage is a proposed acquisition of content behemoth Time Warner (TWX), which will allow the telecom giant to follow in the footsteps of Netflix by having direct access to viewers through its own streaming service. Netflix collects and analyzes vast amounts of information to offer viewers products interesting exclusively to them. Using big data analysis, AT&T will be able to compete not only with Netflix, but also with Disney for its share in the entertainment and media industry. The target stock price for AT&T is $50 until the end of 2018.
Financial companiesThe financial sector has a great chance to take the lead in 2018, overtaking the technology sector. Favorable market conditions could contribute to a growth spurt in the financial industry. With favorable market conditions (upon the implementation of the tax reform), US banks will have more free money, which will have a positive effect on their creditworthiness.
Companies that will receive more profit will want to develop and expand their businesses by reinvesting part of the funds and attracting more credits. Thus, corporate loans will grow, prompting the Fed to raise the federal funds rate to 2.25%, according to some experts. This will allow financial companies to boost turnover by $110 billion. In addition, when Jerome Powell replaces Janet Yellen as Fed Chair, he is expected to be proactive in dropping some regulations on the financial sector, thus allowing banks to increase their capital.
Donald Trump stubbornly pursues his ambitious goal to make America great again. Thus, his tax reform has proved to be useful. The country’s budget will increase by 38 billion dollars as tech giant Apple is going to pay this sum as taxes. And it is not some sort of an ultimatum, trick or payoff. It is just a normal reaction of the domestic manufacturer to quite favorable conditions created by the government.
After the amendments had been adopted, the corporate tax rate decreased significantly, prompting the US companies to bring their revenues back home from overseas. As a result of the reform, the tax rate was cut to 20% from 30%. Now the biggest smartphone manufacturer plans to ramp up its production capacity in the United States which will create over 20,000 new jobs and secure investments of 30 billion dollars. Thus, prudent reforms may be beneficial not only to business owners but also to the government itself.
Moreover, Apple announced plans to pay bonuses of 2.5K dollars to all its employees below a senior-level. Interestingly, the iPhone maker will save over 40 billion dollars thanks to the tax reform, initiated by Donald Trump. If the tax rate remained at 35%, the company would have to pay 78 billion dollars.
We stand on the threshold of technological innovation, thanks to which the labor market will become unrecognizable in 5-10 years. Already, the scope of changes is impressive: having appeared in crisis times, freelance has gone through most developed and developing countries of the world with seven league steps. Read our article to find out what prospects the economy of free earnings will face in the near future.
Artificial intelligenceModern technologies have already achieved such a level of development as to satisfy all the subjective and objective human needs, so the next logical step will be automation with a replacement of freelancers for artificial intelligence. However, there is no need to talk about the widespread dominance of new technologies. The need for unskilled manual labor and routine work will disappear, while the need for intellectual activity will sharply increase. This will also offset unemployment, since not all spheres of human activity can be automated.
A different approach to educationAs the artificial intelligence develops, accelerating the pace of education is not far off. Those days are coming to an end when, having received any skill, a person could earn with its help throughout his lifetime. Now the choice of employers is usually made in favor of cheaper, faster and more flexible training. They organize different courses for their employees, which in turn have to quickly learn new skills and receive the required knowledge.
The heyday of entrepreneurshipWith the further labor market automation, the value of things that technology cannot provide will grow. These are truly human qualities which cannot be placed into robots. The technologies themselves will become a catalyst for ongoing process and a tool for creating an entrepreneurial vision that lies at the intersection of artificial intelligence and continuous learning. It will be easier to be an entrepreneur.
Changes in the sphere of personal financeThe system of loans, including mortgaging, should change in the near future, since the economy will be more oriented towards entrepreneurship and freelance, not towards full employment. This is also true for all kinds of pension and insurance benefits.More serious changes involve automated investment, as well as the provision of services, previously accessible only to the richest population, by robo-advisors. The workload for major banks will also increase, as the investment volume increases every year.
The mining fever is still gathering pace. Interestingly, bitcoin-related terms used to belong to the vocabulary of a restricted community a few years ago. The process of creating bitcoins called mining became well-known around the world last year. Nowadays, bitcoin is recognized as the most popular cryptocurrency since a growing number of people is involved in mining such digital tokens.
Both private investors and companies are eager to gain profits from mining and they cope well. Chinese e-commerce and tech giant Alibaba announced that it has launched its own cryptocurrency mining platform, P2P Nodes. Rolling out the new platform, the company posted a statement saying that Alibaba is “very cautious” about the project. The statement also reads that the main operating platform is managed by Alibaba East China Ltd., a division inside the group. The crypto farm was registered on October 10, 2017 in Nanjing.
Alibaba has not unveiled a lot of technical details of the project. Well-informed sources reported that Alibaba is going to incorporate the mining operation into its e-commerce platform. At present, users cannot withdraw the coins they mine directly, according to the terms of service.
One of the popular cryptocurrencies, litecoin, surprised experts by its price growth during the current week. The details are in our photo gallery
During the last week, litecoin showed a sharp growth, surging by a record-high 333%. Last Thursday, 7 December, the cryptocurrency grew in price by 38%; and on Sunday, it increased by already 29%. On Monday, 11 December, it was followed by a meteoric rise of 73%. At the moment, litecoin costs more than $300. Experts tried to figure out what was behind that incredible boom.
Bitcion appreciation and the beginning of futures tradingAt present, there is a remarkable activity in the market of bitcoin thai is largely due to the start of futures trading. Ex[erts are certain that this fact cannot but influence litecoin and other cryptocurrencies. Such an activity leads to increased price of transactions and to the network congestion, so many users prefer to deal with litecoin. Analysts consider that litecoin is becoming more attractive alternative for trading due to high speed and lower transaction costs.
The high inflow of users to CoinbaseThe number of users of the Coinbase cruptocurrency platform reaches around 100 thousand per a day. Coinbase supports three popular cryptocurrencies: bitcoin, ethereum, and litecoin. According to experts, the connection between bitcoin and litecoin could influence on the inflow of users to the popular cryptoexchange.
Customers become more attentive to litecoinMany users begin working on the cryptomarket with bitcoin and websites like Coinbase. Cryptoexchange, as already mentioned, supports litecoin. The transaction rate and low tariffs in the network of litecoin are very important for new users. Litecoin provides a unique benefit in speed that is highly appreciated by market players.
Casual customerSome customers of litecoin came to Coinbase by chance. They entered the market of digital currencies in a wave of cryptocurrency boom, for fear of losing benefit. Experts warn that such irrational behaviour may lead to disappointment. Casual customers choose speed and comfort, not the detailed study of all market opportunities. Eventually, they can buy a cryptocurrency at a maximum and lose profit.
The importance of social networks and mass mediaCharlie Lee, the creator of litecoin, has recently appeared more frequently in mass media. The press, actively cooperating with him, began to cover events related to litecoin. As a result, the public attention turned out to be focused on that cryptocurrency. The founder of litecoin warned buyers of the coming "bearish" trends of the market, and of the possible cost-cutting of litecoin to $20. Howevr, experts believe that before the market declines, litecoin is set to recover significantly.
One of the popular cryptocurrencies, litecoin, surprised experts by its price growth during the current week. The details are in our photo gallery
During the last week, litecoin showed a sharp growth, surging by a record-high 333%. Last Thursday, 7 December, the cryptocurrency grew in price by 38%; and on Sunday, it increased by already 29%. On Monday, 11 December, it was followed by a meteoric rise of 73%. At the moment, litecoin costs more than $300. Experts tried to figure out what was behind that incredible boom.
Bitcion appreciation and the beginning of futures tradingAt present, there is a remarkable activity in the market of bitcoin thai is largely due to the start of futures trading. Ex[erts are certain that this fact cannot but influence litecoin and other cryptocurrencies. Such an activity leads to increased price of transactions and to the network congestion, so many users prefer to deal with litecoin. Analysts consider that litecoin is becoming more attractive alternative for trading due to high speed and lower transaction costs.
The high inflow of users to CoinbaseThe number of users of the Coinbase cruptocurrency platform reaches around 100 thousand per a day. Coinbase supports three popular cryptocurrencies: bitcoin, ethereum, and litecoin. According to experts, the connection between bitcoin and litecoin could influence on the inflow of users to the popular cryptoexchange.
Customers become more attentive to litecoinMany users begin working on the cryptomarket with bitcoin and websites like Coinbase. Cryptoexchange, as already mentioned, supports litecoin. The transaction rate and low tariffs in the network of litecoin are very important for new users. Litecoin provides a unique benefit in speed that is highly appreciated by market players.
Casual customerSome customers of litecoin came to Coinbase by chance. They entered the market of digital currencies in a wave of cryptocurrency boom, for fear of losing benefit. Experts warn that such irrational behaviour may lead to disappointment. Casual customers choose speed and comfort, not the detailed study of all market opportunities. Eventually, they can buy a cryptocurrency at a maximum and lose profit.
The importance of social networks and mass mediaCharlie Lee, the creator of litecoin, has recently appeared more frequently in mass media. The press, actively cooperating with him, began to cover events related to litecoin. As a result, the public attention turned out to be focused on that cryptocurrency. The founder of litecoin warned buyers of the coming "bearish" trends of the market, and of the possible cost-cutting of litecoin to $20. Howevr, experts believe that before the market declines, litecoin is set to recover significantly.
A rise of the machines is no longer just a fiction. The scenes from the Terminator series become more realistic day by day. Nobody is surprised any longer by the news about creation of the artificial intelligence or superpower computers. Such information is published with increasing frequency. Probably, machines decided to lull the vigilance of the mankind in such a way.
Reportedly, a new superpower computer may appear soon. The European Union spares no expense and plans to allocate as much as 1 billion euros for creation of such a computer. Along with that, developers are required to fulfill this task in a rather short time. The deadline for delivery of work is 2020. By that time the customer should be presented with two supercomputers and at least two systems. As for the technical aspects, the requirements are also very high. These superpower machines should perform one hundred quadrillion operations per second.
Importantly, if the developers succeed in completing this order, then they will get a new task to create a supercomputer capable of performing one quintillion operations per second.
A rise of the machines is no longer just a fiction. The scenes from the Terminator series become more realistic day by day. Nobody is surprised any longer by the news about creation of the artificial intelligence or superpower computers. Such information is published with increasing frequency. Probably, machines decided to lull the vigilance of the mankind in such a way.
Reportedly, a new superpower computer may appear soon. The European Union spares no expense and plans to allocate as much as 1 billion euros for creation of such a computer. Along with that, developers are required to fulfill this task in a rather short time. The deadline for delivery of work is 2020. By that time the customer should be presented with two supercomputers and at least two systems. As for the technical aspects, the requirements are also very high. These superpower machines should perform one hundred quadrillion operations per second.
Importantly, if the developers succeed in completing this order, then they will get a new task to create a supercomputer capable of performing one quintillion operations per second.
