Strong Economic Data Pushes Dow Jones 300 Points Up Above 34K, Tech Stocks Rally

Consumer spending soared last month on the backdrop of strong retail sales. On the other hand, stocks rallied as the 10-year Treasury dropped 8 basis points. On Thursday, April 15, the US stock market rallied to record levels with the Dow Jones Industrial Average (INDEXDJX: .DJI) gaining 0.9%. Dow Jones registered its record high gaining 305 points and shooting past 34,000 levels. The S&P 500 (INDEXSP: .INX) gained 1.1% to 4,170.42 while Nasdaq Composite (INDEXNASDAQ: .IXIC) gained 1.31% to 14,038 levels.  The market rally came among fresh economic data showing a…

Google Cloud integrates Band Protocol for real-time crypto price data

Google Cloud is incorporating core technology from Band Protocol, a decentralized oracle service, to enable “immediate and accurate analysis of financial time series data,” according to Kevin Lu, head of business development at Band.  Lu announced Thursday that Band’s Standard Dataset is now live on Google BigQuery, an enterprise data warehouse powering ultra-fast SQL queries. Lu described the partnership as “one of the direct collaborations with the Google Cloud team to enable traditional, hybrid blockchain and cloud applications to be built which use decentralized oracles.” He continued: “Our teams are…

Ethereum (ETH) Price Hits New All-Time High Approaching $2500, On-Chain Data Hints $5000 Target

Looking at the past trend of the surge in Ethereum’s realized value and MVRV ratio, ETH price could surge another 100% from its current all-time high. Although Bitcoin (BTC) and most other altcoins have taken a step back today after Wednesday’s rally, Ethereum (ETH) price marches forward with full strength. The world’s second-largest cryptocurrency has hit a new all-time high of $2480 as it approaches its new milestone of $2500. At this price point, Ethereum (ETH) is already trading at 230% returns year to date again beating Bitcoin (BTC) by…

$5,000 Ethereum by the end of May? On-chain data suggests so

On April 14, the price of Ether (ETH) just hit an all-time high at $2,400 and although the price has increased more than three-fold since the beginning of this year, the current speculative premium suggests, there is a lot of room for upside. Ether’s speculative premium is far from overheated While the current price of Ether is at around $2,375, the Realized Price, meaning the average price paid by all investors who are currently holding Ether is at $802. This means that current buyers of Ether are willing to pay…

Dan Tapiero: Three Key Crypto Investment Categories (w/Dan Tapiero and Raoul Pal)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Dan Tapiero, founder and managing partner of 10T Holdings, joins Raoul Pal, CEO and co-founder of Real Vision, to discuss some of the crypto investment sectors he is interested in, including blockchain infrastructure, on-ramps, and next generation financial services. Taperio explains his approach to investing in the space and why he is looking to invest in what he considers to be mid-sized, crypto companies worth over 400 million dollars. He explores the benefits of investing into crypto on-ramps such as crypto exchanges…

Ethereum Institutional Interest is Rapidly Growing; Here’s What On-Chain Data is Showing

Ethereum is not getting flipped by Binance Smart Chain anytime sooner, shows on-chain indicators. Blockchain analytics platform IntoTheBlock gathered data on Ethereum transactions with volumes greater than $100,000. The portal noted that the second-largest blockchain network processed $20.68 billion worth of transactions in the week ending April 11, leading to a record high volume transfer of $68.87 billion. “These large transactions are representing over 77% of the daily on-chain volume,” it added. Ethereum transaction volume in the US dollar. Source: IntoTheBlock Increasing volumes on a blockchain point to its growth…

How MPC can solve blockchain’s data privacy problems

With the global cryptocurrency market cap now reaching US$2.1 trillion, the industry is experiencing a time of both heightened interest and heightened scrutiny by regulators, consumers, businesses and governments — some warranted, some not. This scrutiny runs parallel to the massive increase in concern directed toward big technology firms that are hoarding consumer data, creating a sense of urgency not seen since the advent of the World Wide Web — and for good reason.  While blockchain technology has facilitated great strides toward data protection, it, too, has its downfalls. Blockchain…

Bitcoin on-chain data suggests no bull market top at $60K, selling activity declining

For the very first time in a Bitcoin (BTC) bull market, not only long-term investors but also short-term speculators who usually add to the daily sell pressure toward the end of a market cycle have become increasingly confident of higher prices as they hold on to their Bitcoin. This only adds to the already existing supply shock. If demand remains strong, this is a recipe for another leg up for the BTC price. Bitcoin selling activity is declining again Every Bitcoin bull market usually coincided with an increasing number of…

Paxful denies reports of customer data leak

An anonymous online source was recently spotted trying to sell private customer and employee data allegedly obtained from crypto exchange Paxful. A spokesperson from the company told Cointelegraph that no customer data has been jeopardized, however. “Our customers’ data has not been compromised in any way,” said the spokesperson on Friday. “There has been no data breach of the Paxful platform,” they noted, adding: “The employee data that the person claims to have was obtained illegally from a third party supplier that Paxful previously used; Paxful terminated its contract with…

Lawyer Files Class Action Complaint to Stop Argentinean Central Bank from Collecting Crypto Users Data – Regulation Bitcoin News

The idea of the Argentinean central bank asking local banks for information on customers who deal with cryptocurrencies is generating controversy in the local industry. A new chapter in this story has been written, as a local lawyer has filed a class-action complaint before a national court to overturn such a ruling. Argentinean Central Bank Measure ‘Violates’ Privacy Rights, Says Lawyer According to Victor Castillejo, an Argentinean lawyer, the “habeas data” complaint filed argues that the Central Bank of the Argentine Republic (BCRA) decision to ask such data is illegal.…