Author: Edith Reads

Two firms jointly own the lion’s share of Bitcoin (BTC) held by public companies. That’s according to data presented by tradingplatforms.com. The two MicroStrategy and Tesla own 169,044 of the 211,624 BTC held by the top 10 public companies. Their holding amounts to 80% of those institutions’ reserves. Trafingplatforms.com’s Edith Reads has had her take …

You’ll incur 33 times more for transacting on the Ethereum (ETH)Blockchain than if you did on the Bitcoin (BTC) network. That’s according to a new finding comparing average transaction fees across blockchains. The study covers the last six months as from August 2021. Leading online education and comparison platform, tradingplatforms.com, presented the findings. According to …

According to data presented by tradingplatforms.com, NFTs have hit an average price of $49.49K over the last 30 days. CryptoPunks accounted for over 50% of the total average price of NFTs in the top 10 over the last month. Tradingplatforms.com’s Edith Reads has shared her thoughts on the news. She notes that NFTs are still …

Thanks to the huge energy consumption, Proof-of-Work transactions on the Ethereum blockchain are becoming unsustainable. Recent data presented by trandingplatforms.com shows that one ethereum transaction uses up to 238.22 kilowatts per hour, which is significantly higher than the energy consumption of 100,000 VISA transactions. According to the data, the estimated global annual Ethereum energy consumption …

NFTs have had a good run in the last month, with over 20 of them recording sales of over $1 million. According to data presented by tradingplatforms.com, All Time High in the City recorded the highest sale price within this period. The NFT, minted about four years ago, sold for $6.19 million. Despite missing out …

Non-fungible token (NFT) marketplaces have made a killing in the previous month. According to data presented by tradingplatforms.com, NFT global sales surpassed the $4 billion mark. The data covered sales from over 40 marketplaces. Tradingplatforms’ Edith Reads has been analyzing the data. she says, “2021 will go down as the breakout year for NFTs. The …

The Bitcoin Network (BTC) doubled its monthly active addresses (MAA) in the last five years. According to data presented by tradingplatforms.com, BTC grew its MAA by 92% within the time. From 15.47 million in January 2017, it closed at 29.68 million MAAs in December 2021. Tradingplatforms.com’s Edith Reads has shared her thoughts on the news. …

American tech giant Apple has quadrupled its revenue over the previous 11 years. That’s according to data presented by tradingplatforms.com. The data showed that the firm’s 2021 revenues hit the $ 365.82 billion mark. This figure represents a four-fold increase from its 2011 revenues. Then, Apple had recorded an income of $108.2 billion before expenses. …

The NASDAQ composite index made the fastest recovery from COVID-19 effects globally. According to data presented by Tradingplatforms.com, the index rebounded by 65 per cent on 14th November 2021 from its January 2020 values. In contrast, most of the other leading stock markets had only appreciated by approximately 20 to 40 per cent. The coronavirus …

Bitcoin (BTC) has proven to be a very controversial cryptocurrency. If not for its volatility, it’s catching flack for “enabling” criminal activities or something else. Today, it’s getting a lot of stick from conservationists who say it’s ruining the environment. Conservationists are raising concerns about BTC’s electricity consumption. The fears lie in the amount of …