Data shows it’s Bitcoin’s jet fuel

During an interview with Bloomberg TV on May 3, Binance CEO Changpeng Zhao suggested that Bitcoin (BTC) "is probably less volatile" than the stock prices of Apple (AAPL) and Tesla (TSLA). Zhao argued that crypto's volatility was not unlike the stock market, adding: that "volatility is everywhere" and that "it is not unique to crypto." However, those involved in cryptocurrency trading probably know that cryptocurrency prices fluctuate a lot more than listed trillion-dollar companies. This begs one to question whether or not Zhao is detecting a trend that some may…

Democratizing Defi Data- Dechart DAO Launches Version 1.0 Trading Platform – Technology Bitcoin News

On May 6, 2021, the total locked value (TVL) held by decentralized finance (defi) is more than $77 billion. Much of this money is used by decentralized exchange (dex) platforms and liquidity pools. With dex platforms capturing over $2 billion in trade volume daily and $18 billion during the last seven days, a project called the Dechart DAO aims to provide traders with the ability to make “the most informed, efficient trades.” Dechart – Decentralizing Defi Data The cryptocurrency ecosystem has swelled this year and defi platforms and Web3 applications…

Nokia announces blockchain-powered data marketplace

In a release issued on Wednesday, Nokia revealed that its new blockchain service reportedly offers data transaction and analysis within the framework of a secure private, permissioned blockchain infrastructure. As part of the announcement, Nokia declared that clients across diverse industries can participate in the blockchain network, leveraging the benefits of decentralized technology for trusted data transfer. An excerpt from the release reads: “This [the Nokia Data Marketplace] enables a wide range of vertical use cases, including electric vehicle charging, environmental data monetization, supply-chain automation and preventative maintenance powering numerous…

On-Chain Data Suggest DOGE Whales Are Behind Astronomical Pump

The research points that around 12 Doge addresses account for approximately 68% of the total circulating supply. After pumping more than 120X since the beginning of the year, on-chain data now points towards Doge whales are behind the spectacular rally that has shadowed the rest of the crypto assets. According to a fundamental, technical analyst, and on-chain researcher Coiner-Yodax, one dogecoin address controls over 28% of the circulating supply of Dogecoin. Additionally, Yodax noted that the address began accumulating doge back in February 2019, two months before ‘Doge father’ Elon…

Chia Coin Price Falls Below $700, OKEx Data Added on CoinMarketCap

Chia coin does not require the manufacturing of special-purpose hardware (ASIC) to mine it. Chia Coin price, a new cryptocurrency introduced to offset the disadvantages of Bitcoin mining has dropped by 11.98% in the last 24 hours. The asset was trading at $837 yesterday but has pulled back to a price of $622 per coin. Though the price is still high, the Chia coin is seen to have shed off a lot of its value from a monthly high of $1934. The top three largest cryptocurrencies have also fallen marginally…

Data suggests major Dogecoin wealth gap

It was Doge day afternoon all over again on Wednesday as Dogecoin (DOGE) continued its assault on the cryptocurrency market cap rankings. The meme coin overtook XRP (XRP) to become the fourth-largest cryptocurrency by implied market capitalization, after climbing to a per coin valuation of $0.69 — a target that was specifically set by traders on social media. But cryptocurrency’s latest media darling may not be as wholesome as it seems. For all the hype surrounding Dogecoin (and its de facto master Elon Musk), publicly available data suggests a relatively…

Spain to Share Data of Users From Domestic Crypto Businesses With European Union Countries – Regulation Bitcoin News

The Spanish government doesn’t stop imposing its tough stance on cryptocurrencies, as another rule comes to strengthen the existing ones. A royal decree recently enacted aligns current regulations with the European Union’s directives regarding anti-money laundering (AML). Rule Aligns With the European AMLD5 Policies According to the decree published in the state official newsletter, Spanish laws now follow the directive 2018/843, commonly known as AMLD5. Specifically, crypto exchanges and custodial firms must share customers’ data with the whole European bloc. That said, domestic crypto businesses should be registered with Spain’s…

Beijing Is Collecting Data From Local Datacenters Involved in Cryptocurrency Mining Activities – Mining Bitcoin News

Authorities in Beijing have been conducting checks on cryptocurrency mining datacenters to assess and understand its energy consumption and thus the impact on the electric infrastructure. Although it was reported as a rumor by international media outlets, Chinese state media confirmed it. Authorities Sent an ‘Emergency Note’ to Three Biggest Telecom Operators As first reported by Reuters, the Beijing Municipal Bureau of Economy and Information Technology was the entity that ordered the checks on the city’s data centers. In the first instance, they wanted to verify if these companies are…

Coinbase Buys Data Firm Skew, Company's First Acquisition Since the Nasdaq Direct Listing – Finance Bitcoin News

On April 30, the crypto-focused data analytics company Skew announced the firm has been acquired by the San Francisco company Coinbase. The exchange will leverage Skew’s data with the firm’s institutional subsidiary Coinbase Prime. The goal is to make “cryptocurrency markets more transparent and accessible for institutional investors.” Coinbase Acquires Analytics Company Skew Skew, the company behind the crypto data and analytics website skew.com has been acquired by Coinbase according to a recently published blog post. Bitcoin.com News and a myriad of other crypto industry service providers have leveraged Skew’s…

Blog: Free advisory check-ups help small businesses make the best use of their data

A blog from Syed Ali, Lead Engagement and Regulatory Assurance Officer 30 April 2021 The information you hold about your customers is one of your biggest assets. But if you want to make the best use of it, you need to understand your data protection responsibilities. Data protection matters because it can help you provide your customers with the products and services they want, while avoiding problems that can threaten your reputation as a business that puts its customers first. We can help. Owners of small organisations – including small…