In its August 2020 volatility report, U.S.-based cryptocurrency exchange Kraken has predicted that September will bring excessively negative returns for Bitcoin (BTC). The report notes that historically, September is Bitcoin’s worst-performing month, with an average return of -7%. It points out that as Bitcoin has underperformed its average returns for most months of 2020, this month’s performance was likely to be even worse than usual. Despite the bearish outlook for the short-term, the report identifies some glimmers of hope, including that a record share of Bitcoin’s supply has not moved…
Tag: Report
Glassnode report suggests the fair value of SUSHI is just 31 cents
Research by on-chain analytics provider, Glassnode, has taken a deep dive into the economics and value of the SUSHI token, revealing that it may be worth far less than its current price. And that’s after the token’s price took a massive 70% dive over the past week to $2.36. Glassnode analyst Liesl Eichholz broke down the tokenomics of SushiSwap’s native SUSHI token. The research stated that the value of protocol governance should not be understated, but it is difficult to quantify, suggesting that such yield farming incentives are largely driven…
All fintech companies will use blockchain within 10 years: Aussie government report
The Australian government’s Senate Select Committee on Financial Technology and Regulatory Technology has released a draft report citing blockchain technology more than 50 times. The report is in response to Australia’s first recession in 30 years as a result of COVID-19, which was confirmed in the June quarter’s negative growth announced on September 2. The document makes numerous recommendations about how the nation can “embrace technology and become globally competitive” said committee head Senator Andrew Bragg. He added: It is my hope this interim report can be seen as a…
ICO fines funeral plan firm and asks public to help elderly relatives to report nuisance calls
The Information Commissioner’s Office (ICO) wants people to support their elderly relatives or neighbours if they are receiving nuisance marketing calls. The appeal came as a company selling funeral plans was fined £80,000 for making unlawful marketing calls to people who had made it explicitly clear they didn’t want to receive them. The ICO launched an investigation after a national newspaper had reported allegations of illegal practices at a call centre at Handforth Dean in Wilmslow, Cheshire, run by a company which at the time was called Plan My Funeral…
Blog: Information Commissioner’s report brings the ICO’s investigation into the use of data analytics in political campaigns up to date
When we launched our investigation into the use of data analytics for political purposes in May 2017, we had little idea of what was to come. 6 November 2018 We were concerned about invisible processing – the ‘behind the scenes’ algorithms, analysis, data matching and profiling that involves people’s personal information. When the purpose for using these techniques is related to the democratic process, the case for a high standard of transparency is very strong. Since we began, the scope of our investigation has extended to 30 organisations, we have…
Officer, I'd Like To Report An ICO
Lloyd’s of London, the centuries-old insurance marketplace, is quietly providing cover against the theft of cryptocurrencies. -AND- China is encouraging its citizens to report illegal token sales. -ALSO- Crypto exchange Huobi wants to buy a public company. -DON’T MISS- CoinDesk researcher Peter Ryan joins host Nikhilesh De to discuss Bitcoin’s changing fees and what it means for the future of the cryptocurrency. Recorded August 28, 2018 in New York, NY. Thanks to our sponsors! Said Business School, University of Oxford Oxford Fintech Programme Oxford Blockchain Strategy Programme Late Confirmation is…
Bank of Finland Releases Scathing Crypto Report, Calls Digital Currency a “Fallacy”
The Bank of Finland released a paper on June 21 titled “The Great Illusion of Cryptocurrencies,” explaining why they think the concept of a digital currency is a “fallacy.” The paper, written by Aleksi Grym, Adviser on Digitalization and Head of the Digital Central Bank process in the Financial Stability and Statistics Department. It aims to explain how cryptocurrencies’ fundamental nature “shows how poorly understood the concept of money itself still is today” and how the Internet and social media have “muddled our sense of fact and fiction.” In Grym’s…