Tag: Report

Worldwide Blockchain Distributed Ledger Market to Hit $20.6B by 2027 – Report

The global blockchain distributed ledger market is expected to grow from $3.5 billion recorded in 2021 to $20.6 billion by 2027, according to a report by Research and Markets.  As a result, exhibiting a compound annual growth rate (CAGR) of 34.37% during the 2021 to 2027 forecast period. Per the report: “Rapid digitization of the industries across the globe is one of the key factors creating a positive outlook for the market growth.” Research and Markets added: “Increasing demand for advanced technological solutions to minimize fraudulent activities,…

More than 50% of reported Bitcoin trading volume is ‘likely to be fake or non-economic’ — Report

Bitcoin trading data from 157 exchanges reportedly did not match up to what companies claimed. According to an Aug. 26 report from Forbes, Javier Pax of the news outlet’s digital asset arm said there was a mismatch between the Bitcoin (BTC) trading data reported by crypto exchanges and the actual numbers. The Forbes contributor found that a group of small exchanges had BTC trading volumes roughly 95% less than those reported, while those operating “with little or no regulatory oversight” — including Binance and Bybit — claimed to have more…

ETH Surges, Following Latest Jobs Report – Market Updates Bitcoin News

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Ethereum was back above $1,600 on Friday, as markets reacted to the latest nonfarm payrolls (NFP) report. Figures released today showed that 315,000 jobs were added to the U.S. economy, better than the 300,000 expected. Bitcoin was marginally higher, as the token continued to trade above $20,000. Bitcoin Bitcoin (BTC) was trading above $20,000 on Friday, as markets reacted to the latest monthly jobs report. Last month’s payrolls came in at 315,000, which is higher than the consensus estimate of 300,000. Following the report, BTC/USD surged to an intraday high…

Bitcoin, Ether Consolidate as Traders Eye U.S. Jobs Report to Gauge Next Fed Rate Hike

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The tighter the labor market, the stickier inflation and the more pro-tightening, or hawkish, the Fed will be. Risk assets, including cryptocurrencies, are addicted to cheap liquidity and have taken a beating this year, mainly because of the Fed’s interest-rate-hike cycle. This year, the central bank has raised rates by 225 basis points. (A basis point is one-hundredth of a percentage point.) Original

Crypto.com backs out of $495M sponsorship deal with UEFA Champions League: Report

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Cryptocurrency exchange Crypto.com has reportedly dropped out of a half-billion-dollar sponsorship deal with the Union of European Football Associations Champions League. According to a Wednesday report from SportBusiness, Crypto.com pulled out of a $495-million agreement with the Union of European Football Associations, or UEFA, which was close to being signed due to its legal team citing regulatory concerns with the exchange’s licenses in the United Kingdom, France and Italy. Had the deal gone through, Crypto.com’s branding would have been present for the UEFA Champions League for five seasons at a…

BTC Drops Below $20K Ahead of Friday’s NFP Report – Bitcoin News

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Bitcoin once again slipped below $20,000, as market uncertainty rose ahead of Friday’s Non-farm payrolls report. Tomorrow’s payrolls are expected to come in at 300,000 jobs, which is lower than July’s 528,000 figure. Ethereum also declined, as the price moved away from the $1,600 region. Bitcoin Bitcoin (BTC) briefly fell below $20,000 on Thursday, as crypto traders began to anticipate tomorrow’s non-farm payrolls report. Following an additional 528,000 jobs in the U.S. economy in July, last month’s figure is expected to show an increase of 300,000. Ahead of the report…

US Asked Binance For Documents Related to Money Laundering Probe: Report

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