Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Chinese video streaming platform IQIYI, Inc's (NASDAQ:IQ) extended reality (XR) business showcased the first headset of a new product line, incorporating elements of augmented, virtual, and mixed reality technology.
- Qiyu, formerly named iQiyi Smart, launched the Qiyu Mix on Monday, Caixin Global reports.
- The headset is a first for the subsidiary, which previously focused on just VR products.
- XR is a catch-all for AR, VR, and MR likely to be integral parts of the metaverse, one form of the following internet generation.
- Revenue from IQIYI decreased 2% Y/Y to $1.1 billion in Q3, beating the consensus of $1.03 billion. It marked an improvement as the revenue declined 13% Y/Y to $993.8 million in Q2.
- In Q3, iQIYI subscribers reached 101 million versus 104.7 million a year ago.
- Peer Alibaba Group Holding Limited's (NYSE: BABA) e-commerce platform Taobao conducted final tests before making its first metaverse live-streaming product debut.
- Alibaba's metaverse project will likely launch online around the upcoming New Year's shopping extravaganza.
- Price Action: IQ shares traded higher by 11.40% at $4.95 on the last check Thursday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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