The World’s Largest Tech Companies Embracing Blockchain Face A Valuation Reckoning Global2000
, #4 on the list) meanwhile has had a love-hate relationship with cryptocurrencies but followed the pragmatic approach to develop blockchain projects such as ethereum-based Quorum and blockchain subsidiary, Onyx. But a growing number of banks of all sizes - 35 shown in a recent Wall Street Journal
- adopted in 2021 and 2022 the ability to offer bitcoin investing to clients through the services of technology firms like NYDIG and Paxos.Time For A Reset? Investors forgive tech firms’ lack of profitability for lengthy periods, but a profitability-based valuation may boomerang and cause bull-cycle darlings at greater risk than firms with strong profitability. An important secondary reason for tech stock excessive appreciation may be related to how passive investing follows rigid allocation rules that could give tech stocks a higher share than they deserve from a profitability perspective.
What about banks’ blues? Is this a buying opportunity? It’s undeniable that bank balance sheets will take a hit as nonperforming loans grow from 1.6% in 2020 - they reached 7.5% in 2010 following the financial crisis. But it is also true that much of bank balance sheets are cleaner. Today there are only vestiges of Wall Street toxicity due to much stricter regulations on things like risk-based capitalization requirements.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What’s the Right Depth to Search for Life on Icy Worlds?Are we alone? Is there life beyond Earth? These are the questions that plague the very essence of science, and in particular, planetary science. Unfortunately, robotic exploration of exoplanetary systems currently remains out of reach due to the literal astronomical distances to get there. For context, our nearest star, Proxima Centauri, is 4.25 light years … Continue reading 'What’s the Right Depth to Search for Life on Icy Worlds?'
Read more »
Strange New Worlds Showrunner Previews Spock Body Swap EpisodeStarTrekStrangeNewWorlds co-showrunner Henry Alonso Myers has teased details about an upcoming body-swap episode, taking inspiration from The Original Series.🙌
Read more »
Strange New Worlds Is the Star Trek Show I, a Non-Trek Fan, Have Been Waiting ForI just didn't have any idea I'd been waiting for it.
Read more »
The World’s Largest Tech Companies Embracing Blockchain Face A Valuation ReckoningA review of Forbes 20th rendition of the Global 2000 list, made up of large public companies with a combined market capitalization of $76.7 trillion and combined profit of $5 trillion, showed signs that large tech firms on the list that adopted blockchain technology could be facing a profitabilit...
Read more »
Are Tech Bros Allies –Or Enemies– On Abortion Rights?The same algorithms that can perpetuate racial bias could be weaponized against supporters of abortion rights. And Big Tech stands to profit.
Read more »
Bitcoin to the sky: Emirates to accept BTC payments and launch NFT collectiblesIt’s not the moon, but Bitcoin can get you to the sky. emirates announced that it has plans to implement BTC payments and launch NFTs to be traded through the company's websites.
Read more »