Global Fintech Funding Slumps by 46% in 2022 But Surpasses 2020 Levels by 52% Edith Muthoni March 13, 2023 2022 was a slow year for fintech funding, with the fourth quarter marking the lowest three-month period since 2018. According to TradingPlatforms.com globally, fintech funding sank by 46% compared to 2021 figures but still managed to exceed 2020 levels by a whopping 52%! One of the main drivers behind this is the pandemic’s effect on … Read more
China and the Far East Will Account For 42% Of the $1.7B Global B2B Cross-Border Transactions by 2025 Edith Muthoni March 6, 2023 Due to globalization, businesses seek to expand their reach beyond domestic markets. Most businesses in China and the Far East can navigate the regulatory landscape for cross-border businesses. And according to TradingPlatforms.com, China and the Far East will be responsible for 42% of global B2B cross-border transactions worth a total of $1.7 billion in the … Read more
Global BDaaS Market to Reach $247.7 billion by 2032, Driven by Rising Demand for Tech Solutions Edith Muthoni February 28, 2023 The last decade has seen tremendous growth in internet users, spurring the BDaas industry. And with the rising demand for technological solutions, we can only expect the industry to keep growing. A recent analysis by TradingPlatforms.com predicted the industry could grow to $247.7 billion by 2032, up from 2022’s $222.6 billion. The projected 25.7% CAGR … Read more
Europe Dominates Global Internet Penetration Rates, With Northern and Western Regions Leading the Way with an average of 95.3% Edith Muthoni February 22, 2023 Unprecedented global access to the internet has enabled people around the world to remain connected, learn new skills, and discover opportunities. According to TradingPlatforms.com, Europe has been leading the way in terms of internet penetration rates with Northern Europe coming out on top with 97 percent of its population using the internet. Western Europe followed … Read more
Ethereum Development Loses Momentum as Only 16% of New Developers Show Interest Edith Muthoni February 13, 2023 Despite the ongoing crypto winter, the current market cycle has seen developer activity quadruple as projects gear up for the next bull run. However, interest in the Ethereum blockchain seems to be dwindling. A recent report by TradingPlatforms.com showed that despite 2022 registering the highest number of new developers in history, only 16% took an … Read more
Cross-Chain Bridges Exploits Accounted For 64% Of Crypto Losses All Year in 2022 Edith Muthoni February 6, 2023 With blockchain evolution, cross-chain bridging has emerged as a critical solution to interoperability. The technology allows for the seamless transfer of assets between blockchain networks thus, unlocking new possibilities in the decentralized space. However, the innovation came with new risks. Cross-chain bridges became a popular target for hackers. According to TradingPlatforms.com, In 2022, malicious attacks … Read more
Tesla’s Net Profit More Than Doubled in 2022 to Stand at 12.6B Edith Muthoni January 31, 2023 The Austin, the Texas-based manufacturer of electric vehicles and solar panels, Tesla, had a spectacular year in 2022, with net profits more than doubling. According to TradingPlatforms.com, Tesla’s net profits for the year came in at 12.6 billion dollars. According to TradingPlatforms financial analyst Edith Reads, “Tesla’s success in 2022 is a testament to their … Read more
Solana and Ethereum Now Control 93% Of All NFT Transactions Edith Muthoni January 23, 2023 Non-fungible tokens, or NFTs, have been making waves in digital art and collectibles. These unique digital assets are built on blockchain technology that allow creators to sell one-of-a-kind items like digital art, music, and videos in a verifiable and scarce way. As the NFT market grows, two blockchain platforms have emerged as dominant players: Solana … Read more
Bitcoin’s Mean Transaction Size Touched a 1-Year Low at 567 Bytes Edith Muthoni January 18, 2023 Bitcoin’s (BTC) mean transaction size has drastically declined since the start of last year. According to data from TradingPlatforms.com, the king crypto’s average transaction size fell from 694 bytes on January 17th, 2022, to just 567 bytes on January 15th, 2023 – its lowest point in the last 12 months. Some leading lights in the … Read more
Ethereum Miners Daily Transaction Fees Slumped 93% in the Last 12 Months Edith Muthoni January 11, 2023 Ethereum (ETH) miners have had a roller coaster ride over the past year. According to a TradingPlatforms.com report, ETH miner’s daily transaction fees experienced an astounding tumble – dropping from $43.66M on January 8th, 2022, to just $2.91M one year later. This drop represents a 93% reduction in transaction fees over 12 months. TradingPlatforms’ investment … Read more
