U.S. markets open in 2 hours 43 minutes

  • S&P Futures

    4,093.25
    -18.25 (-0.44%)
     

  • Dow Futures

    33,670.00
    -161.00 (-0.48%)
     

  • Nasdaq Futures

    13,176.00
    -57.50 (-0.43%)
     

  • Russell 2000 Futures

    2,180.60
    -11.60 (-0.53%)
     

  • Crude Oil

    62.44
    -0.92 (-1.45%)
     

  • Gold

    1,867.30
    -14.20 (-0.75%)
     

  • Silver

    27.65
    -0.38 (-1.34%)
     

  • EUR/USD

    1.2198
    +0.0016 (+0.13%)
     

  • 10-Yr Bond

    1.6830
    0.0000 (0.00%)
     

  • Vix

    22.98
    +1.64 (+7.69%)
     

  • GBP/USD

    1.4129
    +0.0017 (+0.12%)
     

  • USD/JPY

    108.9500
    -0.2190 (-0.20%)
     

  • BTC-USD

    40,361.18
    +1,030.48 (+2.62%)
     

  • CMC Crypto 200

    1,040.53
    -76.94 (-6.89%)
     

  • FTSE 100

    6,951.44
    +1.24 (+0.02%)
     

  • Nikkei 225

    28,098.25
    +53.80 (+0.19%)
     

$ 4.33 Billion growth expected in Global Agritourism Market | Rising Popularity of Instant Bookings to boost growth | Technavio

·5 min read

NEW YORK, May 20, 2021 /PRNewswire/ --

Technavio has announced its latest market research report titled Agritourism Market by Application and Geography - Forecast and Analysis 2021-2025
Technavio has announced its latest market research report titled Agritourism Market by Application and Geography - Forecast and Analysis 2021-2025

Technavio has been monitoring the agritourism market and it is poised to grow by USD 4.33 billion during 2021-2025, progressing at a CAGR of over 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Ask for a Free Sample Report

Frequently Asked Questions:

  • Based on segmentation by application, which is the leading segment in the market?
    Based on the application, the market saw maximum growth in the domestic segment in 2020.

  • What are the major trends in the market?
    The growing popularity of instant bookings is one of the major trends in the market.

  • At what rate is the market projected to grow?
    The market is projected to grow at a CAGR of over 2% during the forecast period.

  • Who are the top players in the market?
    Agrotours Inc., AgTours.US, Diniscor, Domiruth PeruTravel, Innisfail Travel Service Ltd., Liberty Hill Farm, Nokyo Tourist Corp., Quadrant Australia, Star Destinations, and Stita Group are the top players in the market.

  • What are the key market drivers and challenges?
    The market is driven by the growing tourism industry. However, the risks associated with fraudulent vacation rental houses, apartments, and homestays might challenge growth.

  • How big is the North American market?
    North America dominated the market with a 37% share in 2020.

Related Reports on Consumer Discretionary Include:
Global Sustainable Tourism Market - Global sustainable tourism market is segmented by type (domestic and international) and geography (Europe, North America, APAC, South America, and MEA).
Download Exclusive Free Sample Report

Global Wellness Tourism Market - Global wellness tourism market is segmented by type (domestic and international), application (physical, psychological, and spiritual), and geography (North America, Europe, APAC, South America, and MEA).
Download Exclusive Free Sample Report

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View Our Sample Report Before Purchasing

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Agrotours Inc., AgTours.US, Diniscor, Domiruth PeruTravel, Innisfail Travel Service Ltd., Liberty Hill Farm, Nokyo Tourist Corp., Quadrant Australia, Star Destinations, and Stita Group are some of the major market participants. Although the growing tourism industry will offer immense growth opportunities, the risks associated with fraudulent vacation rental houses, apartments, and homestays are likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this agritourism market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Agritourism Market 2021-2025: Segmentation
Agritourism Market is segmented as below:

  • Application

  • Geography

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44025

Agritourism Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The agritourism market report covers the following areas:

  • Agritourism Market Size

  • Agritourism Market Trends

  • Agritourism Market Industry Analysis

This study identifies the growing popularity of instant bookings as one of the major trends driving the agritourism market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform

Agritourism Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025

  • Detailed information on factors that will assist agritourism market growth during the next five years

  • Estimation of the agritourism market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the agritourism market across North America, Europe, APAC, South America, and MEA

  • Analysis of the market's competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of agritourism market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2020

  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Five forces summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by Application

  • Market segments

  • Comparison by Application

  • Domestic - Market size and forecast 2020-2025

  • International - Market size and forecast 2020-2025

  • Market opportunity by Application

Customer landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • North America - Market size and forecast 2020-2025

  • Europe - Market size and forecast 2020-2025

  • APAC - Market size and forecast 2020-2025

  • South America - Market size and forecast 2020-2025

  • MEA - Market size and forecast 2020-2025

  • Key leading countries

  • Market opportunity by geography

  • Market drivers

  • Market challenges

  • Impact of seasonality on agritourism

  • Market trends

Vendor Landscape

  • Overview

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Agrotours Inc.

  • AgTours.US

  • Diniscor

  • Domiruth PeruTravel

  • Innisfail Travel Service Ltd.

  • Liberty Hill Farm

  • Nokyo Tourist Corp.

  • Quadrant Australia

  • Star Destinations

  • Stita Group

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Report: www.technavio.com/report/agritourism-market-industry-analysis

Technavio (PRNewsfoto/Technavio)
Technavio (PRNewsfoto/Technavio)
Cision
Cision

View original content to download multimedia:http://www.prnewswire.com/news-releases/-4-33-billion-growth-expected-in-global-agritourism-market--rising-popularity-of-instant-bookings-to-boost-growth--technavio-301295629.html

SOURCE Technavio

Recommended Stories

  • Dutch court to rule on Ghosn versus Nissan-Mitsubishi claims

    A Dutch court on Thursday is set to rule in a case brought by fugitive former car executive Carlos Ghosn against Nissan and Mitsubishi, following his tumultuous fall from grace at the Japanese car makers in 2018. The Dutch case, one of many between the former star of the global car industry and the Japanese companies he once led, centres around the Dutch-registered joint venture Nissan-Mitsubishi BV, where Ghosn was ousted as chairman in 2019. But Nissan and Mitsubishi claim Ghosn only used the Amsterdam-based joint venture to inflate his own pay and to cover a personal tax debt, and are demanding he repays around 8 million euros in wages they say he granted himself without the knowledge of the boards of the holding companies.

  • Billionaire Founder of China Property Giant Dies of Illness

    (Bloomberg) -- The billionaire founder of KE Holdings Inc. has died of an unspecified illness, a shocking development for a Chinese property company that pulled off one of the strongest U.S. market debuts of 2020.Zuo Hui, who turned the company known as Beike from a nationwide chain of real estate offices into China’s largest platform for housing transactions and services, passed away May 20 after an “unexpected worsening of illness,” his company said in a statement without elaborating. KE Holdings’ board will announce follow-up arrangements within two weeks, it added.Zuo, 50, has been the driving force behind the company’s success, headlining the bell-ringing ceremony when it went public and holding 81.1% of voting shares under a dual-class voting structure as of end-February, according to its annual report. The company’s shares plummeted 11% in pre-market trading in the U.S.Zuo was backed by some of Asia’s most influential startup investors, including Hillhouse Capital Group and Tencent Holdings Ltd., and ranks among SoftBank Group Corp.’s most successful bets. KE Holdings almost doubled on its August U.S. debut, vaulting Zuo into the ranks of the world’s richest entrepreneurs with a fortune in excess of $20 billion at one point, according to the Bloomberg Billionaires’ Index.Its shares were up 151% from their New York debut through Wednesday’s close, conferring on the late chairman a net worth of $14.8 billion.In an interview with CCTV aired in April, he downplayed the significance of the IPO and the riches it bestowed.“Why should I feel excited?” he said, dressed in jeans, a dark blue vest and black sneakers. “This makes no difference to me.”Read more: Founder of China Property Site With No Profits Worth $20 BillionBorn in 1971 in Shaanxi province, Zuo graduated with a bachelor’s degree from Beijing University of Chemical Technology in 1992 before getting into sales and establishing an insurance business, where he made his first fortune, according to local media. He then founded Beijing Lianjia Real Estate Brokerage Co. in 2001, when China’s property market was still relatively young, and started Ziroom in 2011 to offer long-term apartment rentals. In 2018, he incorporated KE and launched Beike, becoming one of the country’s most celebrated entrepreneurs.Beike uses artificial intelligence and big data to improve its service and provide market insights, according to its website. As of June, the company boasted 226 million homes on its platform and 39 million monthly active users on mobiles. That’s swelled to more than 48 million mobile monthly active users and half a million agents.The platform also draws in others by allowing decorators, renovators and financial institutions to connect with buyers, creating an ecosystem of property and related offerings.(Updates with share decline in third paragraph)More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Stocks Retreat As Traders Move Away From Riskier Assets

    The crypto market, which serves as a decent indicator of current risk sentiment, suffered a serious blow today.

  • Cathie Wood Buys Tesla Amid Musk Bitcoin Spat, Burry Shorts

    (Bloomberg) -- Cathie Wood’s Ark Investment Management is buying the dip in Tesla Inc., sticking with high-conviction names and setting aside a big disagreement with Elon Musk over Bitcoin.Ark exchange-traded funds added more than 47,000 shares in the electric carmaker in the last trading session, according to data released late Tuesday. While that’s worth a modest $27 million, it’s the first time the firm has purchased Tesla since April.Tesla has dropped 38% from its January peak as inflationary fears spur investors to sell expensive assets -- prompting Wood to demonstrate her propensity to enlarge Ark’s positions in favorite tech bets at market lows.The firm also recently bought Twitter Inc. amid its worst week since October. And Wood has been consistently adding cryptocurrency exchange Coinbase Global Inc., whose shares have been declining for much of the past month after rallying in its April IPO.Read more: Musk Splits From Cathie Wood’s Ark on Bitcoin Environmental CostSome of that retreat is likely down to Musk, who fueled a slump in the largest cryptocurrency after hitting out at the token’s high energy demands and reversing a decision to accept it as a form of payment.With Ark a big proponent of Bitcoin and a believer in its green credentials, it’s all adding to recent drama in the world of speculative tech. While Wood appears committed to her Tesla bet, famed investor Michael Burry has been revealed to be betting heavily against the carmaker via put options.Bitcoin has erased all the gains since Tesla’s Feb. 8 announcement that it would use corporate cash to buy the digital currency, and was trading at around $35,700 as of 10:28 a.m. in New York. Tesla was down 4.4%.Read more: Coinbase Plunges With Other Crypto Stocks Amid Bitcoin Rout“Wood is making her move once again when everyone else is looking elsewhere,” said James Pillow, managing director at Moors & Cabot Inc.More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Crude Oil Price Update – Strengthens into Close Over $63.79, Weakens Under $63.02

    The direction of the July WTI crude oil market into the close on Wednesday is likely to be determined by trader reaction to $63.79 and $63.02.

  • Ark Investment’s Cathie Wood Says Bitcoin Will Go to $500,000

    Wood made the prediction even as the leading cryptocurrency tumbled on Wednesday.

  • Explainer: What Beijing's new crackdown means for crypto in China

    Chinese regulators have tightened restrictions that ban financial institutions and payment companies from providing services related to cryptocurrencies, marking a fresh crackdown on digital money. Compared with a previous ban issued in 2017, the new rules greatly expanded the scope of prohibited services, and judged that "virtual currencies are not supported by any real value". Three financial industry associations on Tuesday directed their members, which include banks and online payment firms, not to offer any crypto-related services, such as account openings, registration, trading, clearing, settlement and insurance, reiterating the 2017 ban.

  • What crypto analysts say investors should do as bitcoin market hit by ‘extreme fear’

    Crypto markets are in the midst of a substantial selloff that has shaken the conviction of some new investors in the nascent sector. Here's what some market participants say investors should do.

  • Big money investors suggest the cycle has peaked: Morning Brief

    Top news and what to watch in the markets on Wednesday, May 19, 2021.

  • Bitcoin recovers after crypto selloff abates

    Inflation more than doubles to 1.5pc in April FTSE 100 drops below 7,000 benchmark, down 1.5pc Bitcoin shed as much as 30pc as major sell off grips cryptocurrencies Bitcoin price crash: should you sell your cryptocurrency? Shortage of workers threatens recovery as economy reopens Sign up here for our daily business briefing newsletter Bitcoin crashed by as much as 30pc today after China banned financial services firms from providing cryptocurrency services, dragging down other major cryptocurrencies at the same time. It has rebounded after approaching $30,000, a level not seen since January, and well below its April high of $65,000. The downturn quickly infected other cryptocurrencies, with Ethereum sinking by over 36pc and Dogecoin tumbling an even greater 41.5pc. In the UK, mining stocks dragged down blue-chips on a jittery day for London’s markets sparked by weaker commodity prices and worries over inflation. Commodities dropped after Chinese authorities suggested a curb on price increases, causing investors to flee their holdings in the sector. Anglo American led the sell-off as the worst performer on the benchmark, with losses of 156p to £31.54. It was followed by fellow miner BHP, which fell by 102.5p to £21.38, and Antofagasta, which lost 55.5p to close at £15.58. Rio Tinto shed 211p and fell to £60.39, and Glencore dropped 10.8p to 313.8p. It added to a wider market retreat as inflation concerns continued to infect trader confidence. Danni Hewson, a financial analyst at AJ Bell, said that a decision by Iceland to hike interest rates will have done nothing to soothe shareholders’ nerves. She added: “UK inflation figures will have prompted some investors to take a long look at their portfolios. “Jittery nicely sums up how UK markets have performed today, and all finished firmly in negative territory.” Fresh figures yesterday showed that Inflation more than doubled in April as higher energy bills pushed up the cost of living. Investors were also worried that shortages in supply chains and of workers could threaten the country’s economic recovery. Oil majors also fell as the price of crude continues to rise. Royal Dutch Shell joined miners in the top 10 worst performers, losing 37.8p to £13.24, while BP dropped 8.5p to 308.4p. The FTSE 100 lost 84.04 points to close at 6,950.20, with just 17 of its 101 constituents ending in the green. The FTSE 250 shed 98.03 points to 22,234.53. In more positive news, plumbing group Ferguson was the top FTSE 100 riser as it flew to its highest ever share price of £94.72 – having gained 202p through the day – after lifting its full-year outlook. It came as the company posted a 65pc jump in quarterly profit, while revenue for the three months to March rose by a quarter to $5.9bn (£4.2bn) compared to the same period last year. Ferguson said demand from America has surged as the country reopens, with revenue in its US business growing 23pc. Elsewhere, defence business BAE Systems fell 0.6p to 519.8p despite saying it is on target to meet its full-year guidance, with its air, maritime, electronic systems and intelligence and security operations all performing strongly. Sales are expected to rise by between 5pc and 7pc on the £20.8bn achieved last year, and underlying earnings are forecast to rise by between 6pc to 8pc from the previous level of £2bn.

  • Coinbase Closes at a Record Low After Wild Bitcoin Session

    (Bloomberg) -- Coinbase Global Inc. closed at a record low after a wild trading session that saw the price of Bitcoin swing by about $10,000.The largest U.S. cryptocurrency exchange fell as much as 13% before paring the loss to close down 5.9% at $224.80 amid a broader rout in cryptocurrencies. Coinbase reported “intermittent downtime” on its platform, before saying it had identified and fixed the issue while Binance, the world’s biggest cryptocurrency exchange, temporarily disabled Ethereum withdrawals citing network congestion.Bitcoin plunged as much as 31% and approached $30,000 before rebounding to about $40,000 at 4 p.m. New York time. The cryptocurrency has now erased nearly all the gains it made following Tesla Inc.’s Feb. 8 announcement that it would add the asset to its balance sheet. A statement from the People’s Bank of China Tuesday reiterating that digital tokens can’t be used as a form of payment added to the selloff. Ethereum lost more than 40%, while Dogecoin declined 45%, before joining in Bitcoin’s rebound.Read more: Bitcoin Plunge Wipes $500 Billion From Value in Crypto RoutThe broader U.S. stock market also made up some ground with the S&P 500 Index closing down 0.3% and the Nasdaq 100 Index up 0.2% after both lost more than 1.6% earlier in the session.MicroStrategy Inc. was down 6.6% after losing as much as 16% earlier. On Tuesday, the enterprise-software company known for its bullish bets on cryptocurrencies disclosed that it bought another 229 Bitcoin, bringing its total to over 92,000. It has now erased about two-thirds of its value from its February high.Amid other crypto-connected stocks, Bit Digital Inc. was down 17%, Ebang International Holdings lost 9.8%, and Marathon Digital Holdings Inc. and Riot Blockchain Inc. both slid 5.6%.(Updates crypto and stock moves throughout.)More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Chinese Commodities in Sea of Red as Global Rout Spreads East

    (Bloomberg) -- The global rout in commodities spread to China, with futures for iron ore to coal to soybeans tumbling, as markets were gripped by inflation fears and authorities in Beijing continued to try to jawbone prices lower.Chinese exchanges saw some brutal declines, particularly in ferrous markets, with iron ore dropping as much as 7.6% and steel rebar falling 5.6%. Coking coal, used to make steel, plunged 7.5%, and soybeans slumped almost 3%.The widespread declines followed a market meltdown in the U.S., where everything from equities to cryptos to raw materials plunged. The slump comes on the heels of a huge surge in commodities markets, both globally and in China, after talk of a new “supercycle” pushed prices to unprecedented levels.“After a year of gaining, investors in the market might have started thinking of an exit plan and looking for triggers,” said Zhang Chenfeng, a researcher at top Chinese commodity hedge fund Shanghai Chaos Investment Group Co. The recent rollback in commodity prices was partly attributed to some disputes in macroeconomic outlooks such as inflation, he added.In China, traders fear the government’s increasingly strong language warning against what it calls “unreasonable” gains could cap further rallies. In recent weeks, Beijing has pledged more domestic supply to ease prices, tougher oversight on spot and futures markets, and vowed to crack down on speculation and hoarding.At a meeting chaired by Premier Li Keqiang Wednesday, the State Council said more effort needs to be taken to prevent rising commodity prices from being passed through to consumers, according to reports carried in state media.“China’s voice is getting louder,” Zhang said. Chinese officials “have been trying to calm down speculative price surges, especially in coal and coke markets.”Aggregate open interest in some of China’s major industrial commodities has fallen near the lowest levels since late February, indicating net-long positions are being liquidated, Bloomberg calculations showed. Hedge funds have also trimmed bullish bets on global commodities for the first time in over a month, according to Commodity Futures Trading Commission and Intercontinental Exchange data.Economic data for April suggest that both China’s economic expansion and its credit impulse -- new credit as a percentage of GDP -- may already have peaked, leaving the recent rally in prices to record highs looking precarious. The most obvious fallout would be on those metals keyed to real estate and infrastructure spending, from copper and aluminum, to steel and its main ingredient, iron ore.The prospect of a taper on easy money conditions in the U.S., the world’s second major pillar of commodities demand, is compounding the worries over a tougher demand environment for raw materials.On the WireChina has tapped the U.S. for more than a third of next season’s expected corn imports, accelerating its buying from the world’s top supplier to fill its growing grain needs. Chinese traders say they’re importing record volumes of U.S. feed including soybeans, corn, and sorghum, according to a USDA report.China April Gasoline Output Rose 17.4% Y/y to 11.802m TonsCommodity Investing Has Eye on Clock If GDP Growth Levels OffAlcoa Sees ‘Extreme Tightness’ in Aluminum and Value-Added MetalNew, Cleaner Capacity to Boost China’s Aluminum Output in 2021China’s Hunk of Brazil Beef Exports May Get a Lot Bigger: ChartChile Lifts Copper Price Estimates, Saying New Records PossibleChina Reports H5N8 Bird Flu in Wild Birds in Tibet: ReutersThe Week AheadFriday, May 21China weekly iron ore port stockpilesShanghai exchange weekly commodities inventory, 15:30SMM battery materials conference in Changsha, Hunan, day 2AGMs: Cnooc, Tianqi Lithium, CATLMore stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • AMC Entertainment Stock Is Soaring Again — and the Meme Trade Won’t Die

    U.S. will share Covid vaccine doses abroad, Amazon mulling acquisition of MGM movie studio, Coinbase is issuing a convertible bond, and other news to start your day.

  • Crypto Lender Mistakenly Deposits Bitcoin Into User Accounts

    (Bloomberg) -- BlockFi Inc., a crypto-lending startup, mistakenly sent some users Bitcoin as part of a promotion and is working on reversing it.The company made what it called incorrect promo payouts in Bitcoin instead of U.S. dollars to certain customers. Though BlockFi worked on reversing them, a number of recipients withdrew the coins before the company could backpedal. (It was fewer than 100, the company said.) The firm’s exposure is around $10 million, though that amount is decreasing as more users return the coins, said Zac Prince, co-founder and chief executive officer of BlockFi.“BlockFi carries loss reserves as part of its accounting policies and this is a fraction of existing loss reserves -- so no negative impact to equity or ongoing platform operations,” Prince wrote by email. “The issue that caused the withdrawals was fixed and incremental safeguards have been developed to prevent any similar issue in the future.”The erroneous deposits have not affected BlockFi’s ongoing operations and the company is notching record levels of trading volume without interruption, he added.Meanwhile, screenshots of the deposits made their rounds on social media, with at least one Tweet showing a deposit of 700 Bitcoin. Though it’s down significantly this week, each coin is trading around $34,000 Wednesday.Last week, BlockFi tweeted that some promotion participants “may see an inaccurate bonus payment displayed in their transaction history.”Meanwhile, the company’s emailed affected users asking for the money to be returned.BlockFi, perhaps the most visible nonbank ­cryptocurrency firm, offers a number of crypto products, including borrowing and lending and it runs platforms for trading cryptocurrency. It’s been in the limelight as it’s grown in recent months amid a crypto-market rally that’s being unwound this week.Read more: Lending Bitcoin to Earn 6% Comes With Risk You Won’t Get at BankThe crypto firm’s snafu is reminiscent of Citigroup Inc.’s $500 million blunder last summer when it accidentally sent payments to a group of lenders.“As a stand-alone, it was just a glitch,” Mike Loukas, chief executive officer at TrueMark Investments, said of BlockFi. “We see it with banks all the time in dollars. But because it’s such a volatile asset, the mistake gets magnified.”More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Price of Gold Fundamental Daily Forecast – Prices Could Collapse if the Fed Discussed Tapering

    We don’t expect any surprises from the Fed based on the last policy statement in April and the subsequent dovish comments from several Fed officials.

  • Apple made more than $100 million in commissions from 'Fortnite' - executive at trial

    Apple Inc made more than $100 million in commissions from Epic Games' "Fortnite" during the two years the online game was on the App Store, an Apple executive testified on Wednesday. Michael Schmid, Apple's head of game business development for the App Store, took the stand during the third week of an antitrust trial in federal court in Oakland, California.

  • German exports to United States and China jump, underpinning recovery

    German exports to the United States and China jumped on the year in April, data showed on Thursday, suggesting that strong demand from abroad is helping Europe's largest economy recover from last year's coronavirus slump. Exports to the United States, Germany's biggest sales market outside the European Union, soared by 60.4% year-on-year in April to 10.1 billion euros ($12.31 billion), preliminary trade figures from the statistics office showed. The statistics office said that the year-on-year figures for April were strongly impacted by the first coronavirus wave in 2020 which had pushed down exports compared to April 2019.

  • Epic Tries to Show Apple Is Antitrust Violator Beyond App Store

    (Bloomberg) -- A top Apple Inc. executive tasked with defending the App Store in a monopoly lawsuit by Epic Games Inc. found himself having to answer Tuesday for a spate of other alleged antitrust fouls by the world’s most valuable company.During Phil Schiller’s cross-examination in a trial in Oakland, California, Apple’s former global marketing chief was confronted about several instances in which the company has locked in users and made it difficult for them to switch away from its devices.Katherine Forrest, a lawyer for Epic, pointed out that Schiller emailed his colleagues a 2016 news article titled “iMessage is the glue that keeps me stuck to the iPhone,” which explained that Apple’s messaging platform is a reason people don’t switch to Android devices.She also quizzed Schiller on the idea that users can’t easily move music and video purchased on Apple services to Google’s Android. She went further, indicating that Apple’s iCloud Keychain service for storing passwords on Apple devices can’t synchronize with Android devices. Her point: Apple doesn’t just lock in developers with its App Store rules, it also locks in consumers, limiting their ability to switch to competitors.In response, Schiller said many users subscribe to video and music streaming services and can input their passwords into a new device manually. He also suggested that users could use third-party password managers.Read More: Epic-Apple Trial Hangs Over Some 50,000 Games on App StoreEpic’s lawyer also sought to show U.S. District Judge Yvonne Gonzalez Rogers, who will decide the App Store case without a jury, that Apple has been in antitrust cross-hairs before.In 2012, the U.S. Justice Department brought a price-fixing case against Apple over the cost of eBooks on the iPad and iPhone’s built-in book reading app. Apple ended up settling for $450 million, but was required to have a government appointed monitor interview executives and review the company’s policies. Schiller said he wasn’t involved in the case, but Forrest said the monitor tried in vain for a year and a half to get permission to interview Schiller.Another point of contention was Apple’s announcement in November of a new program to reduce App Store fees from 30% to 15% for developers who generate under $1 million per year in revenue. Schiller couched it as an initiative to help small businesses during the Covid-19, but acknowledged under questioning that the company was also pivoting in response to worldwide scrutiny over App Store practices.In an attempt to demonstrate that Apple favors its in own apps in search results on the App Store -- another type of anticompetitive behavior -- Forrest showed an exhibit of Apple Music and Apple News appearing on the top of search result rankings instead of third-party apps.Schiller had an answer for that too: Search algorithms look at dozens of different variables, including which apps users already have on their devices.More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Coinbase, Binance, other platforms see disruptions as crypto sell-off intensifies

    Binance, Coinbase and other major cryptocurrency platforms experienced service disruptions Wednesday morning as volatility in bitcoin, ethereum and other major cryptocurrencies skyrocketed.

  • Gold Price Futures (GC) Technical Analysis – Close Under $1867.60 Could Trigger Start of 2 – 3 Day Correction

    The direction of the June Comex gold market into the close is likely to be determined by trader reaction to $1867.60.