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ABBA’s ‘Voyage’ Sails to No. 1 In Australia
Prior to the launch of the ARIA Charts in 1983, ABBA had leaders here with ABBA (11 weeks, December 1975 to February 1976), The Best of ABBA (16 weeks, March 1976 to July 1976) and Arrival (8 weeks, November 1976 to January 1977), the charts compiler reports. Also, in 2018, the Mamma Mia! soundtrack, a collection of ABBA covers, hit No. 1 on the ARIA Albums Chart. Australia has a deep connection with ABBA which dates back to the ‘70s, when Agnetha, Björn, Benny and Anni-Frid toured these parts at the height of their popularity. The Melbourne-originated tribute brand Bjorn Again has been giving ABBA fans their fix since the late ‘80s and, in the ‘90s, the Aussie indie film Muriel’s Wedding introduced a new generation to the supergroup’s catalog. Voyage is also expected to bla...
Disney’s Q4 2021 Performance Misses Expectations as Streaming Subscription Growth Slows
Amid slowing growth for its Disney+ streaming platform, media giant Disney has failed to meet expectations for Q4 of 2021. According to the company, revenue came in at $18.53 billion USD over the past quarter, falling just shy of the $15.78 billion USD expectation. Earnings per share dropped 20 cents year on year to 37 cents per share, as opposed to the predicted 49 cents per share. Most importantly, Disney+ subscriptions only reached 118.1 million, coming 1.5 million short of the 119.6 expected. Disney attributes much of this quarter’s struggles to the ongoing COVID-19 pandemic, which has caused many productions across the globe to shutter, delaying the company’s release schedule and slowing the flow of new content on Disney+. “Although film and television production generally resumed beg...
Analysts say Bitcoin price ‘dips are transitory,’ suggesting BTC will soon head to $75K
Volatility is the name of the game in the cryptocurrency market and the Nov. 11 evening sell-off in the price of Bitcoin (BTC) is a reminder that new all-time highs are often followed by sharp whipsaws to underlying support levels. Data from Cointelegraph Markets Pro and TradingView shows that after dropping to a low near $62,800 late on Nov. 10, the price of Bitcoin managed to claw its way back up to the $65,000 level where bulls now look to consolidate and regroup for another push higher. BTC/USDT 4-hour chart. Source: TradingView Here’s a look at what analysts are saying about the outlook for Bitcoin and the cryptocurrency market as concerns about rising inflation dominate the news headlines in the U.S. Bitcoin dips are “transitory” The sight of a rapid $7,000 decline in BTC may h...
DEXs growing faster than CEXs but Binance still sees 171M visitors in a month
A new Chainalysis report shows that the number of decentralized exchanges (DEXs) is growing faster than all other types of crypto exchanges. But Similar Web data shows centralized exchanges are far from unpopular, with Binance seeing 171 million visitors in October. Chainalysis published a report on crypto exchanges on Nov. 11 and provided an analysis by breaking the exchanges down by their business models including DEXs, CEXs, over-the-counter (OTC) brokers, derivatives platforms and high-risk exchanges with minimal know your customer (KYC) requirements. According to the data, the number of DEX’s between Q1 2019 and Q3 2021 increased more than 100% to sit at around 205 as of June this year. In comparison, the number of CEX’s temporarily increased from around 100 to 120, before dipping bac...
Klima DAO accumulates $100M of carbon offsets, aims to drive up price
Climate-change focused Klima DAO has accumulated over 9 million tonnes of carbon offsets according to a Nov. 8 announcement. The USD value of those offsets has surpassed $100 million. In a blog post, the project explained that those offsets are equivalent to the annual emissions of Georgia, Jamaica, or Papua New Guinea. The Klima DAO protocol aims to increase the price appreciation of carbon assets. The core team told Cointelegraph that it intends to put upward pressure on the price of carbon offsets “so that it becomes more profitable to engage in offset-generating activities, such as conserving land for carbon sequestration, or restoring forests and wetlands.” Carbon offsets are reductions in greenhouse gas emissions in one place to compensate for emissions somewhere else. By accumu...
Miami will hand out free Bitcoin to residents from profits on city coin
Every Miami resident with a digital wallet will be eligible to receive a Bitcoin dividend according to Mayor Francis Suarez. “We’re going to be the very first city in America to give Bitcoin yield as a dividend directly to its residents,” Suarez said in an interview on Nov. 11. Citycoins launched the MiamiCoin cryptocurrency in August, which helps fund municipal projects by generating yield. Staking MiamiCoin has generated yields in excess of $21 million for the city. Its reserve wallet converts MiamiCoin deposits into USD based on commands from city officials. Suarez said that if yields continue at that rate, it’s possible that they could entirely cover the city’s tax needs. “Why don’t you just tax people less?” Why don’t you just tax people less? https://t.co/YXQGZlsPKI — Par...
Roblox Reports Exceptional Q3 2021 Results With 102% Increase in Revenue
The Roblox Corporation has posted exceptional results for Q3 of 2021. According to the company’s report, revenues from Roblox increased 102% year over year to reach $509.3 million USD, while net cash provided by operating activities came in at $181.2 million USD, with free cash flow increasing 7% to $170.6 million USD. Bookings also increased by 28% during the quarter to $637.8 million USD. Most impressively, the platform’s average daily users reached 47.3 million players, marking an increase of 31%, with hours engaged going up 28% to a staggering 11.2 billion hours. “Engagement is our north star. We’re very pleased that during the third quarter, people of all ages from across the globe chose to spend over 11 billion hours on Roblox,” said David Baszucki, Chief Executive Officer of Ro...
Emerging economies spar with U.S. over ‘carbon colonialism’
The issue has emerged as one of the most contentious in the talks among the nearly 200 governments that are aiming to finalize many of the rules laid out under the 2015 Paris agreement to keep average global temperatures from rising more than 2 degrees Celsius from pre-industrial levels. Critics say that the policies being implemented by the largest greenhouse gas polluters are falling short of that goal, and are well off the pace of what’s needed to meet the Paris agreement’s stretch target of limiting temperature increases to 1.5 degrees Celsius. Kerry has pushed countries to revisit their plans and take stock of their emissions frequently to determine whether they were on track for those goals. “It just behooves us — in order to convey to people the seriousness of purp...
Elon Musk Has Sold About $5 Billion USD of Tesla Stock So Far
Elon Musk has now sold nearly $5 billion USD of Tesla stock after asking his Twitter followers via poll whether he should let go of some of his personal holdings. Last week, Musk asked his nearly 63 million followers whether or not he should sell 10% of his stake in Tesla to pay taxes. As of Thursday, 3.5 million people had voted, with 58% in favor of the move. Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock. Do you support this? — Elon Musk (@elonmusk) November 6, 2021 “I will abide by the results of this poll, whichever way it goes,” Musk promised, adding that his earnings as CEO come in the form of stocks. According to several financial filings reported by CNBC, Musk’s trust has so far sold more than 3.5 million sha...
Newsom: I skipped climate summit after kids ‘had an intervention’
“I was ready to go, and I had that dinner — a lot of you know this dinner — with the family, and the kids literally, they kind of had an intervention, they said they couldn’t believe I that was going to miss Halloween,” said Newsom, who has four children. “I woke up that next morning with something probably familiar to a lot of parents, that knot in your stomach, that I had no damn choice. I had to cancel that trip,” Newsom continued.
US Congress plans ‘demystifying crypto’ committee hearing for Nov. 17
The Joint Economic Committee, which includes Republican and Democratic members of both the U.S. House of Representatives and Senate, will be holding a hearing on the role of government concerning crypto. According to the Joint Economic Committee’s, or JEC’s schedule for next week, congressional members will be listening to industry experts speak at a hearing called “Demystifying Crypto: Digital Assets and the Role of Government” on Nov. 17. Representative Don Beyer — who has previously proposed legislation expanding the regulatory and legal framework for digital assets in the U.S. — will be chairing the hearing. Industry experts scheduled to speak include Open Markets Institute director of financial policy Alexis Goldstein, former Commodity Futures Trading Commission chair Tim Massad, Whar...
FTX US sees daily volume, users surge in Q3
United States crypto exchange FTX US registered a large uptick in trading volumes and investor activity during the third quarter, underscoring heightened retail appetite for digital assets amid the volat bull market. FTX US saw average daily volume grow 512% for the quarter ending in September, with peak volumes hitting $807 million on Sept. 7, owner West Realm Shire Services said Thursday. The exchange’s userbase also increased by 52% during the third quarter. By the end of September, FTX US claimed to hold 4.5% of the United States crypto spot market in terms of volume, up from less than 2% at the start of July. The third quarter was a momentous period for the cryptocurrency market, with assets like Bitcoin (BTC) and Ether (ETH) slowly reasserting their bullish narrative, eventuall...
