• News
    • Bitcoin
    • Altcoins
  • NFT
  • Metaverse
  • Analysis
  • Regulation
  • Learn
  • Market Cap
What's Hot

Belgium to introduce new crypto ad regulation

2023-03-21

Exploring the Metaverse: A Guide to Investing in Metaverse Stocks

2023-03-20

Taiwan orders financial watchdog to take over crypto regulations

2023-03-20
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook TikTok Instagram YouTube
CryptoNewsMetaverse
  • News
    • Bitcoin
    • Altcoins
  • NFT

    Meta Shuts Down NFT Project to Focus on FinTech and Content

    2023-03-14

    Solana’s Solend V2 Release, Is SOL Price $50 Next?

    2023-03-06

    Amazon NFT Marketplace To Reportedly Launch Next Month

    2023-03-06

    Blur Coin Under Fire As Allegations Of Wash Trading Emerge

    2023-03-01

    Yuga Labs Launches A New NFT Collection on Bitcoin Network

    2023-02-28
  • Metaverse

    Exploring the Metaverse: A Guide to Investing in Metaverse Stocks

    2023-03-20

    A Guide to Virtual Land Staking in the Metaverse

    2023-03-20

    Nissan Doubles Down on Web3 Innovation

    2023-03-13

    As Fashion Moves into the Metaverse, What Other Industries Could Be Next

    2023-03-13

    South Korea Launches New ‘Metaverse Fund’

    2023-03-13
  • Analysis

    DOJ Officially Seizes Over $456,000,000 Worth of Robinhood Shares Tied to FTX Founder Sam Bankman-Fried

    2023-01-08

    Mark Cuban Makes Prediction on Next Crypto ‘Scandal,’ Warns of Potential Implosion if Exposed: Report

    2023-01-08

    Binance Listings Cause Crypto Assets To Spike an Average of 41%: New Research

    2023-01-08

    Bitcoin Whales Unloaded BTC As Market Reversed and Parked Their Profits in This Crypto Asset Class: Santiment

    2023-01-07

    Crypto Analyst Predicts Breakout for AI-Focused Altcoin, Updates Outlook on Ethereum and Lido DAO

    2023-01-07
  • Regulation

    Belgium to introduce new crypto ad regulation

    2023-03-21

    Taiwan orders financial watchdog to take over crypto regulations

    2023-03-20

    Florida Governor Moves to Ban CBDCs, Calls for Coalition of States to Follow Suit

    2023-03-20

    Florida Governor Ron DeSantis seeks to ban US CBDC in state

    2023-03-20

    Cardano Creator Charles Hoskinson Slams Politicians for Blaming US Banking Crisis on Crypto

    2023-03-20
  • Learn

    What are Dapps (Decentralized Applications) Crypto?

    2023-03-17

    How to Short Sell Bitcoin

    2023-03-17

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    2023-03-15

    What is it & List of Top defi 2.0 Projects

    2023-03-13

    Centralized (CEX) vs Decentralized (DEX) Cryptocurrency Exchanges

    2023-03-06
  • Market Cap
CryptoNewsMetaverse
Home»Analysis»Mark Cuban Makes Prediction on Next Crypto ‘Scandal,’ Warns of Potential Implosion if Exposed: Report
Analysis

Mark Cuban Makes Prediction on Next Crypto ‘Scandal,’ Warns of Potential Implosion if Exposed: Report

2023-01-08No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Billionaire and Shark Tank star Mark Cuban has a prediction on what could be the next thing that rocks the crypto industry.

In a new interview with The Street, Cuban says he believes the next “implosion” in crypto markets will stem from a realization that much of the trading volume on centralized digital asset exchanges is in fact wash trading.

“I think the next possible implosion is the discovery and removal of wash trades on central exchanges. There are supposedly tens of millions of dollars in trades and liquidity for tokens that have very little utilization. I don’t see how they can be that liquid.”

Wash trading is when a single entity makes many different trades to give the appearance of volume, demand and liquidity for an asset and is often used in “pump and dump” schemes in crypto and other markets.

Cuban noted that he doesn’t “have any specifics” to support his guess.

Recently, the National Bureau for Economic Research (NBER) published a working paper studying 29 major crypto exchanges. The study determined that on average, about 70% of volume on unregulated exchanges is wash trading.

The researchers used Benford’s Law, a statistical benchmark used to detect fraud, to analyze trading data from the exchanges. According to the researchers, trading data from most of the major unregulated crypto exchanges indicate “excessive” wash trading.

“We further provide suggestive evidence that wash trading inflates exchange rankings and cryptocurrency prices, in addition to being significantly predicted by market signals such as past cryptocurrency prices and volatility and exchange characteristics such as exchange age and userbase.

As the first comprehensive study of the pervasive crypto wash trading, our paper not only provides a cautionary tale to regulators around the globe but also reminds the readers of the disciplining or screening effects of regulation in emerging industries, the importance of using wash-trading-adjusted volume in certain empirical studies, and the utility of statistical tools and behavioral benchmarks for forensic finance and fraud detection.”

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Salamahin/korkeng



Source link

Crypto Cuban Exposed implosion Mark potential Prediction report scandal warns
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Belgium to introduce new crypto ad regulation

2023-03-21

Taiwan orders financial watchdog to take over crypto regulations

2023-03-20

Cardano Creator Charles Hoskinson Slams Politicians for Blaming US Banking Crisis on Crypto

2023-03-20

Over 20 crypto firms plan to establish presence in the city: Hong Kong authorities

2023-03-20
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Ethereum Climate Platform launches to address the network’s prior PoW emissions

2022-11-18

Possession of Bitcoin still legal in China despite the ban, lawyer says

2022-09-17

AXS’s rally is behind it, but here’s what is ahead of it

2022-03-28

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Instagram YouTube TikTok
Top Insights

Belgium to introduce new crypto ad regulation

2023-03-21

Exploring the Metaverse: A Guide to Investing in Metaverse Stocks

2023-03-20

Taiwan orders financial watchdog to take over crypto regulations

2023-03-20
Get Informed

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Cryptonewsmetaverse.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$28,085.00-0.28%
  • ethereumEthereum(ETH)$1,815.702.03%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.01-0.05%
  • binancecoinBNB(BNB)$337.75-0.60%
  • usd-coinUSD Coin(USDC)$1.00-0.35%
  • rippleXRP(XRP)$0.42356810.48%
  • cardanoCardano(ADA)$0.3501342.07%
  • Lido Staked EtherLido Staked Ether(STETH)$1,812.492.12%
  • matic-networkPolygon(MATIC)$1.150.62%