Day: September 1, 2022

Over Half of All Daily Bitcoin Trading Volume on Crypto Exchanges Are Bogus, According to New Forbes Study

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The majority of Bitcoin daily trading volume on exchanges is fake, according to a new report from Forbes. Forbes examined 157 crypto exchanges around the world and concluded that more than half of the exchanges’ reported Bitcoin (BTC) trading volume “is likely to be fake or non-economic.” Trading volume data is likely inflated due to wash trading, a practice that’s used to manipulate markets and to pump up the appearance of marketplace activity. Wash trading is when an investor will simultaneously sell a financial instrument and then buy it back,…

The Key to Blockchain Mass Adoption

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Blockchain’s stature is growing exponentially. Business spending on blockchain is predicted to be $11.7 billion by Q4 of 2022 and one of the prime factors for this is the increased importance of data integrity, security, decentralization, and reliability in operations. As more businesses and people start to grow aware of blockchain’s transformative potential, it is undoubtedly said to reach new milestones. Web 3.0 firms have been spearheading innovations in the crypto space and are germinating Blockchain into the very heart of organizations’ business processes and are adding significant value in…

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Mayo Clinic taps into blockchain technology for clinical trial design

On Thursday, Dutch blockchain startup Triall announced that it has partnered with American nonprofit medical center Mayo Clinic to optimize clinical trial design and the management of study data. Starting this September, Triall’s eClinical platform will support a two-year multi-center pulmonary arterial hypertension clinical trial that includes 10 research sites and more than 500 patients across the United States.  The software will support activities such as data capture, document management, study monitoring and consent. As told by Triall, the purpose of the collaboration is to demonstrate an immutable public ledger…

Litecoin Shows A Bullish Reversal Pattern, Will LTC Price Go To $70?

Litecoin (LTC) has struggled against Tether (USDT) as bulls continue to push the price above the key support region, forming a bullish chart pattern. Bitcoin’s (BTC) price has shown less steam compared to recent times; this has affected most crypto assets, including the price of Litecoin (LTC). (Data from Binance) Litecoin (LTC) Price Analysis On The Weekly Chart  Litecoin (LTC) price has shown so much strength after hitting a low of $42; the price bounced off from this region and rallied to $55.  The price of LTC rallied to a…

‘I Would Never Date a Crypto Guy Again.’ What Women Say About Dating in Crypto

He is the sloth, because the goal is to be rich, not look rich. He is greedy, because he is always tweeting about coins going “to the moon.” He is a gluttonous twentysomething partygoer, always overindulging in the open bar. He is wrathful, always seemingly able to start a fight on Crypto Twitter. Lastly, he is proud. Proudly displaying an NFT (non-fungible token) in his studio apartment that he claims to be contemporary art, which he loudly bought for six-figures when his favorite celebrity quietly changed their profile picture to…

US dollar smashes yet another 20-year high as Bitcoin price sags 2.7%

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Bitcoin (BTC) faced familiar pressure on the Sept. 1 Wall Street open as the U.S. dollar hit fresh two-decade highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: DXY could hit 115 before ‘slowdown’ Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it fell to $19,658 on Bitstamp, down 2.7% from the day’s high. The pair faced stiff resistance trying to flip the important $20,000 mark to solid support, with macro cues further complicating the picture for bulls. That came in the form of a resurgent U.S. dollar…

ETH price outlook for The Merge: Bullish or bearish?

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In this week’s episode of Market Talks, we welcome professional trader Dan McDermitt — a partner and senior analyst at ChartGuys .com. He provides knowledge and feedback toward the development of technical analysis education and is responsible for providing in-depth video reports and teaching those who want to learn how to protect capital and become more profitable.  The main topic of discussion with Dan will be the price outlook for the Ethereum Merge and whether as a professional trader, he is ultimately bearish or bullish about the news. We take…

New Global CBDC Platform Could Cut Payment Costs, IMF Says

“The worry is that the longer this takes, the more national authorities will get locked into differing regulatory frameworks,” Aditya Narain, deputy director of the IMF’s monetary and capital markets department, wrote in a paper. He called for a global response to be coordinated, consistent and comprehensive, to cover “all actors and all aspects of the crypto ecosystem.” Source

Does The Dollar Rally Poses a Danger to Bitcoin? BTC Loses $20,000

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Bitcoin continues to trade in a tight range with low volatility between the high area north of $19,000 and $20,000. The cryptocurrency is moving about critical support, but macroeconomic factors threaten to push it into previous lows. At the time of writing, Bitcoin (BTC) trades at $19,700 with a 1% and 8% loss in the last 24 hours and 7 days, respectively. The cryptocurrency’s performance has been affecting the entire sector as Ethereum (ETH), Binance Coin (BNB), and another retrace to early August levels. BTC’s price moving sideways on the…