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The true scope of APE & MANAs correlation with Bitcoin for investors – AMBCrypto News

With bullish momentum starting to wane across the cryptocurrency market, analysts hold varying views on whether the bear run in June brought in the bottom or not.

With the total cryptocurrency market capitalization pegged at $1.064 trillion at the time of writing, a mere 1% growth has been logged by all crypto-assets this week. On the contrary, the figure for the same was 6% in Julys first trading week.

At press time, Bitcoin (BTC) had declined by 17% over the past week to be spotted at $22,994.74. With most crypto-assets sharing a correlation with the king coin, their prices are mostly impacted by how BTC fares.

According to data from CryptoWatch, leading metaverse tokens, Apecoin (APE) and Decentraland (MANA), share a positive correlation with BTC. Hence, they have also not seen much traction over the week.

Over the last 7 days, key stakeholders holding the king coin have shed part of their holdings. This category of whales holds between 10,000 to 10,000,000 BTCs in their portfolios. With a total of 2.95 million BTCs held by these addresses, a 1% decline was recorded over the aforementioned period.

For APE, addresses holding between 10,000 to 10,000,000 APEs held 941.97 million APE tokens, as of this writing. Seven days ago, this stood at 945.09 million Representing a 0.33% decline in whale APE holdings.

After key stakeholder holdings rose to a high of 814.02 million MANA tokens on 1 August, this soon dropped by 0.5%. In fact, the same was pegged at 810.3 million at press time.

Over a 30-day window, the price per BTC rose by 9%. Taking advantage of the price rally, some investors made a profit as the coins 30-day MVRV hiked to +2.364%.

Treading a similar path and registering a 41% price uptick in the last 30 days, APEs 30-day MVRV rose to 10.04%, showing that a sizeable number of holders took profits.

MANA was no different as its price rallied by 14% in the last 30 days. Its 30-day MVRV was spotted at a positive 8.109%, at press time.

Furthermore, on the social front, BTC and MANA recorded negative weighted sentiments at press time.

With a figure of -0.52 on 5 August, MANA logged the lowest weighted sentiment it has seen in the last 30 days.

On the other hand, APE registered a positive weighted sentiment of 0.921. Additionally, the token recorded a weighted sentiment of 1.96 on 2 August, the highest value the token has seen in the last three months.

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Bitcoin In The Price Race: What’s Next For The Cryptocurrency According To Crypto Gurus – Nation World News

Bloomberg Analyst also highlighted the importance of tasks, who have repeatedly shown a remarkable relationship with bitcoin. The bottom line is that there are somewhat more powerful forces in the markets when the stock market falls at the same pace as it did in 1H, he said.

McGlone also insisted The key role played by the Federal Reserve Which is doing aggressive rate hikes in 2022. This development could create headwinds for riskier assets such as cryptocurrencies and stocks by increasing the returns paid by less risky securities and making them more attractive.

Fight fight the Fed has been my mantra for riskier assets since late last year, he said, adding that Bitcoin and cryptocurrencies were an important part of the 2021 race and therefore part of the 2022 discharge, but I see bitcoin and ethereum coming next,

,Bitcoin on its way to becoming a global digital security In a world that is running like this and Ethereum is a major driver of the digital revolution, as evidenced by making possible the most widely traded cryptocurrency: the dollar token, McGlone said.

Bud White, co-founder and chief product officer of crypto software company Tassen, also weighed in on the matter, stating that the digital currency is currently trading well below its actual value,

I believe bitcoin is not only incredibly oversold, but it is also in a major accumulation zone. With bitcoin every price increase, We increase both its market value and utility value, he indicated.

If you look at the market cap, or MVRV, of bitcoin at its real value, we see it around one, which suggests that the market cap of this asset has dropped to its true utility value, White said. This also tells me that the massive selloff we have experienced in recent months due to Terra, Three Arrows and LOT has a relatively small number of forced sellers staying in the market. So Bitcoin It appears that $18,000 . have a very solid baseline at or near , He continued.

White said that despite strong support near the above price level, Bitcoin Is Hovering Near $23,000 Recently, Until now, and keep in mind that cryptocurrency prices can change rapidly and dramatically, this has been very high despite the employment report coming in, White said.

,Looks like markets are already pricing in monetary tightness These sky-high figures resulted in an even more aggressive outburst by the Federal Reserve. Stocks are down and yields are up, said the expert. And then, bitcoin is just floating, said the market watcher.

I am not saying that we are experiencing a separation of bitcoin from stocks. Certainly we may be down another leg in terms of the price of bitcoin. But this relative strength tells me that Most bitcoin sales may be overdue , And barring any external shocks to the markets, such as credit markets looking to be on the verge of a breakdown, I think investors still see bitcoin as a good buy at these levels, White said.

While White was discussing bitcoins recent price resistance, Tim Enning, managing director of Digital Capital Management, said that the cryptocurrency There may be a retest of recent lows below $18,000which arrived in June.

Bitcoin has made a good if not completely reassuring change, of US$20 thousand as recent resistance (as of 15 July) to support (after that date, tested once on 26 and 27 July, and solidly up since then), Ennejing said. He added: Although it has been a good move Yes, it has been quite slow and, apparently, uncertain, especially given the pause of the summer.

As a result, most people are still hedging their bets on whether BTC will retest the June 18 low at $17.6k. Going forward, I would expect a more general slide, a slight positive move, and this That the floor will not be retested. It is a 50-50 proposal if $20,000 will be retested, he said.

According to the Crypto Fear and Greed Index provided by Alternative.me, investor sentiment has steadily strengthened in recent weeks. This index, which ranges from zero The 100 for extreme fear and extreme greed is currently at 31, indicating fear.,

The figure has been on an upward trend since June 19, when it reached a value of six, indicating a state of extreme fear. Too, Index remains at 20 or higher since July 18 ,

Armando Aguilar, an independent crypto analyst, commented on how the measure has changed in recent weeks. ,fear and greed index From the low 20s after the big crash of some crypto protocols and service providers, he said.

Investors have returned to buying the digital asset and the fear indicator has moved towards the yellow/buy zone, Aguilar said. ,Historically, when the index was 30. , the market has seen an uptick in prices, He continued.

Aguilar provided a comprehensive analysis assessing the big picture. ,There are still hidden macroeconomic and geopolitical pressuresSo if stocks take a hit and investors exit the riskier asset, bitcoin could hit previous lows, he said. However, given the current environment and if bitcoin is able to break above the resistance level, So it could experience a positive price increase, Aguilar concluded.

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Ethereum price rises by 50% against Bitcoin in one month but there’s a catch – Cointelegraph

Ether (ETH), Ethereum's native token, has been continuing its uptrend against Bitcoin (BTC) as euphoria around its upcoming network upgrade, "the Merge," grows.

On the daily chart, ETH/BTC surged to an intraday high of 0.075 on Aug. 6, following a 1.5% upside move. Meanwhile, the pair's gains came as a part of a broader rebound trend that started a month ago at 0.049, amounting to approximately 50% gains.

The ETH/BTC recovery in part has surfaced due to the Merge, which will have Ethereum switch from proof-of-work (PoW)mining to proof-of-stake (PoS).

From a technical perspective, Ether stares at potential interim losses as ETH/BTC paints a convincing rising wedge.

Rising wedges are bearish reversal patterns that occur when the price trends higher inside a range defined by two rising, converging trendlines. As a rule, they resolve after the price breaks below the lower trendline by as much as the structure's maximum height.

Moreover, a declining volume and relative strength index (RSI) against a rising ETH/BTC further increases bearish divergence risks. This gives weight to the wedge's bearish setup for a target of 0.064 BTC, or down 11% from today's price.

Meanwhile, technicals paint a brighter picture for Ethereum against the U.S. dollar. The potential of a 10% breakout for ETH/USD looks strong in August due to a classic bullish reversal pattern.

Related:Decentralized finance faces multiple barriers to mainstream adoption

On a four-hour chart, ETH/USD has formed what appears to be a "double bottom." This pattern resembles the letter "W" due to two consecutive lows followed by a change in direction from downtrend to uptrend, as illustrated below.

Meanwhile, a double bottom pattern resolves after the price breaks above its common resistance level andas a rule of technical analysisrises by as much as the distance between the first bottom and the resistance.

As a result, ETH could rally toward $1,940 in August, up 10% from today's price.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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Will Bitcoin [BTC] along with Ethereum [ETH] 5x this month – AMBCrypto News

Following the long and painful cryptocurrency market downturn in April and June that sent the king coin, Bitcoin, and the leading altcoin, Ethereum chasing terrifying lows, the bulls regained their strength in July.

With its price still a far cry from its November 2021 all-time high, Bitcoin grew by over 18% within the 31-day period. Closing the month at an index price of $1680, ETH the leading alt also grew by 54%.

The blockchain analytics platform, Santiment, in its latest report noted that two leading cryptocurrencies made significant strides on the chain within the 31-day period.

Since the beginning of the bear market when the year started and BTC and ETH started to move further from their all-time highs, sentiment from the trading crowd has been negative, as per analytic firm Santiment.

However, as the prices of these assets corrected in July, traders confidence was restored and Santiment found that traders now hold the belief that prices can organically continue to rise after an impressive July.

Reportedly, in the last six months, as the price of the king coin fell, key stakeholders became increasingly skeptical of accumulating the coin.

The reason for this might be attributable to fears of inflation or further rate hikes upcoming in September (after the latest one was announced last week), waning covid concerns, or ongoing wars in Ukraine.

Moreover, in the last six months, key stakeholders holding 100 to 10,000 BTC let go of 2.26% of the BTC supply, Santiment reported.

On a social front, Bitcoins social dominance maintained its high in July. According to Santiment, the downturn in the market woke traders up and have them flock away from their shitcoins, and back into the relative safe haven, Bitcoin.

Hence, the growth in social dominance. A look at ETH also revealed the same pattern of growth in its social dominance within the same period.

Furthermore, within the 31-day period, Santiment found that on 26 July, the ETH network logged an index of 1.06 million daily active addresses. It was at an all-time high.

As for BTC, the highest it logged in daily active addresses in July was 994,000 which were registered on 19 July.

Finally, Santiment revealed that in July, ETH became extremely cheap to move. This was a result of the decline in circulation of Ethereum since the beginning of the year.

In July, the cost of transacting on the ETH network fell significantly. Thus, coins were moved around more cheaply.

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Contributors piling into Bitcoin, Ethereum, and Solana since 2018: Report – Cointelegraph

Despite crypto market turbulence, active contributors across Bitcoin, Ethereum and Solanas top projects have increased by an average of 71.6% per year since January 2018, according to a new report.

The findings come from a Tuesday report sent to Cointelegraph by technology investment firm Telstra Ventures, which found that Solana had the most significant annual increase in monthly-active contributors, growing at a compound annual growth rate of 173% since January 1, 2018.

Contributors are developers who push updates to code on GitHub, a code repository for computer programs.

Ethereum was second with a 24.9% compound annual growth of monthly contributors since 2018 and Bitcoin was third with a slow and steady 17.1% yearly increase.

Telstra Ventures also noted that it found Ethereum to have the largest and strongest developer community out of the three blockchains. The network had nearly 2,500 monthly active contributors in April, which fell to over 2,000 contributors in July, coinciding with a fall in the crypto price.

The higher number of active contributors could be due to the greater deal of output needed to prepare for the upcoming Merge, in which the network transitions into proof-of-stake (PoS) consensus.

The amount of monthly active contributors on Ethereum in July was more than four times higher than Bitcoins 400 contributors and nearly seven times higher than Solanas 350 contributors.

The report, however, noted that the contributor count fell by 9% since last November, coinciding with a fall in the cryptocurrencys price since its peak.

The technology investment firm also found that among the top ten fastest growing projects across Bitcoin, Ethereum and Solana, around 40% of projects have not had any venture capital backing, meaning that investment opportunities remain abundant.

Those projects include Ethereum-based investment protocol OlympusDAO, smart contract developer ApeWorx, maximum extracted value (MEV) researcher Flashbots and Solana-based NFT standard MetaPlex.

Related: Investors shifting toward lower-risk crypto yields Block Earner GM

Venture capital funding in crypto throughout 2022 has shifted focus from decentralized finance (DeFi) to Web3 applications, according to research from Cointelegraph in July. Web3 investments accounted for 42% of the $14.67 billion invested in crypto projects in Q2, bringing the first half total to $29.33 billion.

Telstra Ventures is a technology-focused venture capital firm with 84 companies in its portfolio of investments and $30 billion in assets under management. It has invested in blockchain companies Blockdaemon and FTX exchange.

Data were derived from 1,000 active organizations that contribute more than 30,000 open source projects on Bitcoin, Ethereum,and Solana. Eligible projects for study have at least 100 stars in GitHub repositories and were active between January and April 2022.

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Top Countries That Have the Most Open Attitude Towards Bitcoin – jim o brien

Cryptocurrency payments and transactions are gaining worldwide popularity. The nations that were once picked skeptical about its usage and now embracing this concept with open arms. After receiving a ban from nations like China, Bangladesh, and other parts of the world, there was a steep fall in the pricing of bitcoins. However, over a period of time, this changed, and now countries like Sweden, Finland, Israel, Canada and USA have embraced the concept of crypto currency.

Apart from the ease of transaction the reason crypto currency is gained popularity is because of the concept of cryptographic. Patient is looking for a safer mode of transaction and crypto currencies can be one of the solutions. Since all the transactions that are operated with cryptocurrency or interrupted crypto graphically. It makes it difficult for the hackers in the breaches to change the ledger or bring alter the data. This makes the crypto currency transactions safer and the nations that were once refuting its usage or now accepting it.

Countries Leading The Charge In Bitcoin Adoption

Bitcoin has gained popularity in the last few years, with many large online retailers starting to accept it as payment. But which countries are adopting Bitcoin the fastest? In this article, well look at three countries leading the charge in Bitcoin adoption, along with their main selling points and the potential barriers that prevent them from moving even faster in accepting this crypto-currency.

Below highlighted is a tabular representation of the countries and their cryptocurrency holding-

Countries like Vietnam, Pakistan, and India that have triggered the cryptocurrency growth on a global level. With a wider acceptance of cryptocurrency across the global platform, we can surely conclude that investing in cryptocurrency will be a profitable deal considering future growth.

Hence it is important that investors who are willing to make good profits should consider investing in cryptocurrencies. Choosing the right trading platform is of utmost importance as it helps traders stay on the right track of investment.

Choosing The Right Crypto Exchange Platform- What You Need To Know

Certainly has nothing to do with cryptography, but to ensure security and safety while doing online transactions, it is important to register on a reliable crypto exchange platform to know about what is a bitcoin trading robot.

Make sure your chosen crypto exchange platform keeps your information safe and secure. Hence, it is important to run through the companys privacy policy so that You Are aware of the details of the crypto exchange platform. Make sure that you do thorough research about the platform before registering.

Conclusion

This was brief information on cryptography and its significance in ensuring a safe currency exchange or transaction. In the times to come, there is going to be a much wider application of cryptography not only in the field of cryptocurrency but in other fields as well.

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The Rise and Fall of a Bitcoin Mining Sensation – WIRED

It was 8:45 in the morning of June 13 when Bill Stewart, the CEO of Maine-based bitcoin mining business Dynamics Mining, received a call from one of his employees. He's like, Every machine inside of our facility in Brunswick [in Cumberland County, Maine] has been taken, Stewart says. That's crazy. I couldn't believe it.

He alerted personnel manning another mining facility, in nearby Lewiston [in Androscoggin County, Maine], and told them to be on their toes. He thought a burglar was at large. Stewart had a theory on who might have taken the machines: In those days he had been wrangling with a customer, Compass Mininga Delaware company that allowed people to buy mining machines and have them hosted in third-party facilities like Stewartsdue to a dispute over energy bills. Stewart thought Compass had to pay for them; Compass believed their contract said otherwise.

A few days earlier, Dynamics had sent Compass a termination letter demanding payment, and shortly thereafter had switched the companys machines off. Then, Compass Mining staffers had taken their equipment away from Brunswick, and they were about to enter the Lewiston plant to recover more machines. They're trying to get inside the building, Stewart says. And I'm telling my brother, who runs our security, Do not let them into the building. We're not ripping miners out of the wall. Do not let them inside.

In a lawsuit filed against Dynamics in the Delaware Court of Chancery on June 21, Compass Mining alleged that Stewart, having refused to foot the energy bill he was supposed to pay, had been holding this valuable equipment hostage to gain leverage in negotiations. The way Stewart tells it, he simply wanted the removal to happen in an orderly fashion as opposed to hastily and under cover of darkness. Whats more, he says, for a while he had considered continuing to host the machines on behalf of Compass customers, cutting out the middleman. Their customers were reaching out, saying, Hey, can we just mine directly with you? Stewart says. The reason that couldnt happen, Stewart says, is that Compass had not given its customers the identifying serial numbers of the machines they had bought, and there was no way for Stewart to know who owned what.

On July 5 the Court granted Compass request to get its machines back, but underlined that that should happen following a formal request to unmount and relocate the machines. Stewart says that during the removal, Compass team also grabbed one of Dynamics own serversthat is confirmed in an email by one of Compass lawyers to Stewart, mentioning how the server had been inadvertently scooped up and asking how to return it.

Our team is laser-focused on serving our clients, and will do so in accordance with the contracts we have in place with our service providers, and by resolving any disputes arising from a fundamental misunderstanding of these contracts in a court of law, Compass interim co-CEO Thomas Heller said in an email interview.

Even if Compass had prevailed, the optics of the row was terrible. Stewart had chronicled the dispute on Twitter as it played outaccusing Compass of owing him hundreds of thousands of dollars in energy bills, and of having essentially broken into Dynamics facilityand thundered at length against Compass in Twitter Spaces. After a vertiginous rise, Compass had spent the last few months in constant crisis mode, untilmere hours after Stewart had started tweeting about his early-morning showdown with the companyit decided to do away with its CEO. At the center of that crisis was Russias war with Ukraine, and a bespectacled, curly-haired cybersecurity entrepreneur called Omar Todd.

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BTC-e Operator Who Used Bitcoin to Launder $4B Extradited to U.S. to Face Charges – CryptoPotato

The U.S. Department of Justice (DOJ) announced Friday that Alexander Vinnik, a 42-year-old Russian, has been extradited from Greece to the United States to face multiple charges relating to money laundering and operating an illegal cryptocurrency exchange.

Vinnik first got into legal trouble with the DOJ in 2017 for allegedly operating the now-defunct crypto trading platform BTC-e in the U.S. without proper authorization and helping criminals launder at least $4 billion through Bitcoin.

That same year, he was arrested in Greece at the request of the U.S. government. After his arrest, Vinniks assets, worth $90 million, were confiscated by police in New Zealand police. At the time, the authorities noted that BTC-e allegedly had no anti-money laundering policies, thus facilitating a range of cybercrimes, including laundering illicit proceeds, ransomware attacks, fraud, theft, and drug crimes.

In January 2020, the 42-year-old was then extradited to France after a years-long extradition tussle between Russia, France, and the United States.

After his extradition to France, Vinnik denied the allegations and requested a transfer to Russia, where he faces lesser criminal charges involving about $11,000. His request was denied by a Paris-based judge who ruled that he would face charges in France for defrauding at least 100 people through ransomware between 2016 and 2018.

In December 2020, French prosecutors sentenced Vinnik to five years in prison for money laundering. However, he was acquitted of the initial allegation that he had defrauded people through ransomware.

On Thursday, the criminal was transferred back to Greece and extradited to the U.S. He now faces 21 charges, including operating an unlicensed money service business, conspiracy to commit money laundering, money laundering, and unlawful monetary transactions.

After more than five years of litigation, Russian national Alexander Vinnik was extradited to the United States yesterday to be held accountable for operating BTC-e, a criminal cryptocurrency exchange, which laundered more than $4 billion of criminal proceeds, said Assistant Attorney General Kenneth A. Polite, Jr. of the Justice Departments Criminal Division.

The Federal Bureau of Investigation (FBI), Homeland Security Investigations, and the U.S. Secret Service Criminal Investigative Division are still investigating the case. Vinnik risks spending up to 50 years in an American prison if found guilty.

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Opinion | With Trump, Its 2015 All Over Again – Yahoo News

After watching Donald Trump ascend to power and crash back out, after all the feuds and drama, after all the tweets and endorsements, after all the tell-alls and investigations, we are back in 2015.

Seven years ago, Trump was a political neophyte not taken very seriously by most analysts as he embarked on remaking the Republican Party and demonstrating the power of his attention-grabbing, controversy-fueled mode of politics.

Now, hes a former president and kingmaker that most in his party wont dare cross and few, presumably, will underestimate again.

Yet, on the cusp of another potential run, some of the same questions and dynamics surround Trump as the first time around, including whether he will actually make the plunge or is just teasing, and how strong and enduring his apparent support is.

These doubts are perhaps another sign of wishful thinking on the part of people hoping Trump will fail to launch or go away, just like when he was about to descend the famous escalator. It is certainly the case, though, that Trump is now in his weakest position since 2015 or the first part of 2016 when, of course, he won the nomination, although it wasnt quite as inevitable as it came to look in retrospect.

First, theres the threshold question of whether Trump will run. In 2015, there was much doubt that he would. Hed talked about it so much before. And would he really want to go through the paces of disclosing his finances? This time around, there are fewer doubters. Still, theres a school of thought that believes he hasnt truly decided whether to run and could pull up short if conditions dont look propitious or he doesnt feel up to it for some other reason.

Trump still draws big crowds. In 2015, when the Trump rally first became a thing, some commentators dismissed the size of his events. Candidates who were huge draws before think Ron Paul in 2008 and 2012 didnt amount to much in the end. In 2015 and 2016, these pundits thought people might be showing up for the entertainment, or to see what the fuss was about. Their attendance, that thinking went, didnt mean theyd caucus or vote for Trump when push came to shove.

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This, we now know, was flagrantly wrong. The Trump rallies showed a passion and commitment on the part of his supporters that no other candidate could come close to matching and was extremely important. As much as anything, the rallies were a metonymy for the larger Trump phenomenon.

How about now? Well, theres doubt about the rallies again. Are they the redoubt of die-hards who show up in considerable numbers but are also a relatively small number of Republican voters? Are they an echo of the past rather than a sign of future vitality? The right-wing and now vociferously anti-Trump pundit Ann Coulter discounts the events on grounds that Sarah Palin could still draw a crowd even as her influence ebbed after the 2008 defeat to Barack Obama: In case you dont remember, for three years following that loss, Palin was packing stadiums with tens of thousands of Trump-like fans.

Trumps polling also looks strong, although there should be some skepticism about that, too. When he first popped up to the top of the polls in 2015, it was easy to believe he was another one of those unserious Republican candidates who momentarily catch the imagination of voters before fading back into the pack.

This, again, proved completely wrongheaded. What about the polling now?

Trump has had monstrous 30- or 40-point leads in the national polling over potential competitors, but a recent USA TODAY/Suffolk poll had him at just 9 points over Ron DeSantis nationally. The Florida governor isnt exactly closing the gap in the average Trump is up 2-1, 50 to 24 percent but a national survey that has Trump up by less than 10 points is a blast from the past.

Almost exactly seven years ago, in early August 2015, Trump led the field by about a 2-1 margin, 24 percent for Trump to 13 percent for Jeb Bush. Most individual polls had him up by double digits nationally in that time period, but some had him only up by single digits. This would remain true until he got the nomination in the spring of 2016.

Or consider Florida. A couple of polls conducted the last couple of weeks have DeSantis beating Trump in Florida. Needless to say, its very favorable terrain for the home-state governor. But it is still a notable result. According to the RealClearPolitics run-down of primary polls from Florida in the 2016 race, Trump hasnt been losing to another Republican in the Sunshine State since July 2015, way back when another native son, Jeb Bush, was leading in Florida.

Maybe the softening in Trumps numbers is part of an inexorable trend. Perhaps its only a minor downdraft that will quickly reverse if he announces for president. Who can know?

There are other echoes of 2015. Theres derision directed at Trumps extremely small team of loyalists that would form the nucleus of his campaign just like the first time around.

Theres a very strong possibility that if Trump ran for the nomination and lost hed try to poison the chalice the reason for the Reince Priebus-orchestrated loyalty pledge back in 2015.

Trump benefited during his first run from a multi-candidate field that divided his opposition. At the same time, no one quite knew how to handle him, and many candidates spent time ducking and covering. The same could well be true in 2024.

The biggest difference with Trumps first run is that now hes been president of the United States. Hes shown he can win a presidential race (as well as, it must be added, lose one).

Rather than an outsider who has to be grateful for every small crumb of support from Republican officialdom, Trump owns the RNC, has elected officials he endorsed from governor to dogcatcher scattered all over the landscape, has a government in waiting in the form of various America First entities, and is lavishly funded. This time around, Trump will have his own establishment a MAGA establishment that he and his loyalists have fashioned in recent yearsat his back.

This will make him, in effect, the establishment frontrunner in the race assuming he really does run.

Thats a formidable position to be in, although history shows its not necessarily impregnable.

If people are fundamentally looking for something else, all the name ID, the money and support from elected officials will mean nothing. Trump will also have trouble seeming as fresh as he did out of the gate as he nears a decade at the top of national politics. And his obsession with 2020 inevitably means a backward-looking focus. These are the kinds of pitfalls that can drag down front-running campaigns.

In short, 2015 means Trump 3.0 is not to be trifled with or lightly dismissed. It also means, once again, there are potential chinks in his armor.

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Fast-growing big-data company Alteryx beats expectations and its stock soars – SiliconANGLE News

Big data company Alteryx Inc. is flying high today after posting strong second-quarter results and offering a forecast for the next quarter and full year that came in ahead of expectations.

The company reported a loss before certain costs such as stock compensation of 46 cents per share on revenue of $180.6 million, up 50% from the same period last year. Wall Street had been looking for a wider loss of 60 cents per share on lower sales of just $161 million.

Alteryxs net loss widened to $106.8 million in the quarter, from $43.4 million in the same period one year earlier. Following the report, Alteryxs stock jumped more than 12% in extended trading, adding to a gain of just over 4% during the regular session.

Alteryx Chief Executive Mark Anderson (pictured) also praised the companys outstanding annual recurring revenue growth. It ended the quarter with $726.8 million in ARR, up 33% year-over-year. We are seeing business leaders increasingly prioritize democratization of data as part of their digital transformation journeys, Anderson said. Alteryx is uniquely positioned to enable businesses to automate workflows, upskill workforces and embrace advanced data analytics.

Alteryx sells extract, transform and load, or ETL, tools, which are used by companies to prepare data for analysis. The companys Alteryx Analytics Cloud platform provides baked-in connectivity to business intelligence tools such as Experian and Tableau, and features capabilities around data cleansing, data mining and geospatial analytics.

The companys offering has apparently found a receptive audience. Alteryx said it ended the quarter with 8,296 paying customers, up 12% from a year earlier. Whats more, Alteryx is squeezing more money from that customer base, with its dollar-based net expansion rate rising to 120% at the end of the quarter. The net expansion rate is a metric thats used to measure growth in annual contract value.

Looking to the third quarter, Alteryx offered an optimistic forecast that stands in contrast to the cautionary guidance of most other technology firms these days. The company said it sees third-quarter revenue of between $191 million and $194 million. That would represent revenue growth of between 55% and 57%, and is well ahead of Wall Streets forecast of $173.6 million in sales.

Alteryx also adjusted its fiscal 2023 guidance, saying it now sees sales of $770 million to $780 million for the full year, up from an earlier range of $750 to $760 million. Wall Street had forecast full-year revenue of just $734 million.

Holger Mueller of Constellation Research Inc. said Alteryx is proving to be a rare exception in a tech industry that is slowing down across the board, with stellar revenue growth of more than 50%.

However the growth came at a cost, with Alteryxs losses growing just as fast as its revenue, Mueller added. On the other hand, the company forecasts that it will be able to reduce its losses substantially in the third quarter. That will not straighten out its losses for the full year, but it shows investors that the company can eventually get its costs under control with Mark Andersons leadership.

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