Global Spending on PCs, Tablets and Mobile Phones to Drop by 5% in 2023, Following a 10% Decline Last Year Jastra Kranjec February 22, 2023 As inflation continues to crumble consumer purchasing power, the global demand for IT devices, such as PCs, tablets, and mobile phones, remains low. With consumer spending budgets cut down, and massive layoffs across industries, global spending on IT devices is set to drop for the second year in a row. According to data presented by … Read more
Optimized Trading Through Adaptive Software: How Fast, Secure and Flexible Interfaces are Redefining the Mobile Brokerage Industry Ruby Layram February 17, 2023 The financial technology “fintech” sector is growing rapidly, projected to be worth $700 billion in 2030 compared to $110 billion in 2020. One of the main segments of this sector is online brokerages, which let people trade different types of assets digitally. People trade trillions of dollars worth of assets annually, and a lot of … Read more
Binance Changes the Name of Its Blockchain Ruby Layram February 16, 2023 Since its launch in 2017, Binance has become the largest and most important crypto exchange in history. Today, it offers hundreds of different token pairs that cater to almost every trader. Over the years, Binance has added a wide range of services to become an all-in-one platform for investors. Lending, borrowing, staking, margin trading and … 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
Meta’s Metaverse Division Lost $35B in Four Years Jastra Kranjec February 12, 2023 While Mark Zuckerberg may believe that the future of his company lies in the metaverse, the truth is project is costing Meta and its shareholders billions of dollars. According to data presented by Trading Platforms, the four-year operating loss of Meta’s Reality Labs division, home to the company’s virtual reality technologies and projects, climbed to … 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
Tech Companies Laid Off more than 75,000 People in January Alone Jastra Kranjec February 5, 2023 The massive wave of layoffs in the tech industry has shut down tens of thousands of workplaces in a matter of weeks and turned January into the hardest month this sector has ever seen. According to data presented by Trading Platforms, tech companies laid off more than a shocking 75,000 people in January alone. The … 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
Digital Payments Still Surging; Total Transaction Value to Grow by 13% YoY to $9.5T in 2023 Jastra Kranjec January 29, 2023 Even three years since COVID-19 triggered a boom in digital payments, the entire market continues surging, reaching a new record transaction value and more users than ever before. According to data presented by Trading Platforms, the total transaction value in the digital payments sector is expected to grow by 15% year-over-year and hit almost $9.5trn … Read more
Amazon`s Stock Value Slumped 45% in a Year; $670B Wiped off its Market Cap Jastra Kranjec January 24, 2023 After years of impressive growth that turned them into trillion-dollar companies, the Big Five tech giants saw their stock prices slump last year, dragging the whole market down. However, the eCommerce giant Amazon was among the hardest hit. According to data presented by Trading Platforms, Amazon`s stock value slumped 45% year-over-year, with $670bn being wiped … Read more
