The seven-day moving average of the so-called Coinbase Premium indicator, which tracks the spread between bitcoin’s prices on the Nasdaq-listed Coinbase (COIN) exchange and the offshore giant Binance, has flipped negative, according to data tracked by CryptoQuant. Original
Tag: Data
Nigerian Court Orders Binance to Hand Data on All Nigerians Trading on its Platform: Report
“The applicant’s application dated and filed February 29, 2024, is hereby granted as prayed. That an order of this honorable court is hereby made directing the operators of Binance to provide the commission with comprehensive data/information relating to all persons from Nigeria trading on its platform,” the judge ordered, the report said. Source
Ethereum Finalizes ‘Dencun’ Upgrade, in Landmark Move to Reduce Data Fees
“Scalability is the fundamental unlock that enables permissionless collaboration between developers across projects and teams,” said Karl Floersch to CoinDesk, CEO of OP Labs, the developer firm behind the Optimism blockchain. “With EIP-4844 and Dencun, developers across the Ethereum ecosystem can more seamlessly build together. The upgrade will enable a group of loosely coordinated developers to actually build systems that provide overall experiences that will rival the user experiences we’re used to from top-down, centrally planned platforms.” Source
After Exit Scam, Incognito Darknet Market Operators Now Threaten User Data Leak in Extortion Twist
Numerous accounts have recently revealed that shortly after the darknet market (DNM) Incognito apparently conducted an ‘exit scam,’ its operators have now informed their clients and merchants they are facing extortion. The team behind Incognito claims possession of crypto asset transaction logs and archived conversations from its users, warning that this information will be leaked […] Source CryptoX Portal
Most crypto exchange tokens lag behind Bitcoin, data shows
According to a study done by TokenInsight, most exchange tokens underperformed compared to Bitcoin performance. Despite the growing popularity of crypto exchange tokens like Binance Coin (BNB) and Bitget Token (BGB), particularly amid the rise of decentralized finance and non-fungible tokens, Bitcoin (BTC) has proven to be a superior investment choice, analysts at TokenInsight revealed in a recent research report. Yet, not all tokens demonstrate the same level of profitability, with some facing side effects due to regulatory pressure. “Affected by regulations, BNB experienced a significant decline in the second…
This Bitcoin (BTC) Bull Run Is Breeding Millionaires at Slower Pace, Data Show
According to data tracked by Paris-based Kaiko, less than 2,000 millionaires, or wallets with $1 million worth of bitcoin, are created daily. That’s significantly lower than the last bull run, which bred over 4,000 millionaire wallets per day and over 2,000 wallets with a $10 million balance per day. Source
Spain Blocks Worldcoin Project Over Data Privacy Concerns, WLD Token Slides 7%
The cryptocurrency project Worldcoin, spearheaded by Sam Altman, has faced another setback as Spain takes steps to block the venture. The Spanish data protection regulator, AEPD, has ordered Worldcoin to immediately halt the collection of personal information within the country and cease using the data it has already gathered. Concerns Over Worldcoin Eyeball-Scanning Data Collection According to a Financial Times report, the AEPD expressed concerns about the project’s use of an eyeball-scanning “orb” to collect customers’ data. The regulator is expected to announce a “precautionary measure” on Wednesday, and Worldcoin…
Crypto Analyst Uses Historical Data To Show When The Bitcoin Price Will Reach $207,000
A crypto analyst has laid out a scenario where the Bitcoin price could rise above $200,000 by June. This is based on a historical occurrence that could play out again following BTC’s recent run above its previous all-time high (ATH). How BTC Could Rise To $207,000 By June The anonymous analyst behind the prominent crypto X (formerly Twitter) account, Bitcoin Archive, alluded to the 2021 bull run when Bitcoin’s price more than tripled in just 103 days after breaking the previous cycle’s ATH. That means Bitcoin could run to $207,000…
Bitcoin (BTC) Rally Leaves More Than 97% of Addresses in Profit, Blockchain Data Show
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US EIA to scrap Bitcoin mining survey data, seeks public input for new proposal
The US Energy Information Administration (EIA) has made a decision to discard all data collected from its emergency Bitcoin mining survey, according to recent court filings. This action agreed upon with the Texas Blockchain Council, also applies to any subsequent data received. The documents detail the EIA’s commitment to “sequester and keep confidential” such information until its destruction, effectively concluding the temporary restraining order in place until March 8, which had stopped the EIA from data collection amid ongoing legal proceedings. BREAKING: Our lawsuit against the @EIAgov has successfully HALTED…