Pro traders added to shorts as Bitcoin price broke $12K — Data shows

As Bitcoin (BTC) breaks the $12,000 resistance, derivatives markets are flirting with overly excessive bullish sentiment. The futures basis and the options 25% delta skew both reached the same levels seen now on October 12 when BTC briefly tested $11,700 but failed to maintain momentum. What differentiates the current situation from nine days ago is the positions of top crypto traders. On Oct. 12, these traders increased their longs, but during the recent move to $12,000 these professional traders are opening up short positions. Despite this flip in sentiment, traders…

Pro traders added to shorts as Bitcoin price broke $12K, data shows

As Bitcoin (BTC) breaks the $12,000 resistance, derivatives markets are flirting with overly excessive bullish sentiment. The futures basis and the options 25% delta skew both reached the same levels seen now on October 12 when BTC briefly tested $11,700 but failed to maintain momentum. What differentiates the current situation from nine days ago is the positions of top crypto traders. On Oct. 12, these traders increased their longs, but during the recent move to $12,000 these professional traders are opening up short positions. Despite this flip in sentiment, traders…

Filecoin launch hits turbulence. AP will put election data on blockchain.

In this issue Filecoin’s mainnet launch marred by miners’ complaints Associated Press joins Everipedia to publish US elections data on blockchain USDC adds Stellar blockchain as another alternative to congested Ethereum In China: OKEx under police investigation and suspends exchange services Funding spotlight: Investors bet $100 million on ‘neobank’ in India From the Editor’s Desk Dear Reader, Blockchain’s moment is coming.  In one of the most closely watched elections of our time, the Associated Press, the 174-year-old consortium of U.S. publishers, broadcasters and news agencies, will be recording the results…

‘Garbage’ Market Data Is Holding Bitcoin Back: MicroStrategy CEO

MicroStrategy CEO Michael Saylor strongly criticized widely distributed bitcoin markets data as “garbage” and said it severely misrepresents of his own experience with the market’s real liquidity after investing in bitcoin.  In a live interview Tuesday with Hedgeye CEO Keith McCullough, Saylor said bitcoin volume is being reported at a wildly inflated $24.76 billion, referencing the current volume on Apple’s Stocks application. That number is similar to 24-hour bitcoin volume of $20.3 billion reported by CoinGecko.  This data “ships to a billion devices in the world,” Saylor noted, referring to Apple.…

Institutional Bitcoin longs at record-high, hedge funds short — CME data

According to CME, the amount of Bitcoin (BTC) long contracts held by institutions are at an all-time high. Yet, CME’s most recent Commitment of Trader report shows hedge funds are at a record-high for BTC shorts. There seemingly is a major difference in the perception of Bitcoin’s short to medium-term trend between hedge funds and institutions. CME Bitcoin futures net open interest. Source: Skew Why are hedge funds aggressively shorting Bitcoin but not institutions? Hedge funds typically implement varying strategies to generate returns for investors. Oftentimes, hedge funds will utilize…

This blockchain only needs 22Kb of data to be verified

Mina aspires to be the world’s tiniest blockchain, with claims that its protocol maintains a constant size of around 22 KBs. This is ostensibly achieved by using recursive zk-SNARKs — the same technology that is used by the privacy-centric cryptocurrency, Zcash (ZEC). However, whereas the latter utilizes this technology to provide greater privacy to its users, the former employs it for scalability.  A zk-SNARK, which stands for zero-knowledge succinct non-interactive argument of knowledge, allows a party to prove that they have possession of certain information without revealing what that information is. It is…

A Big Data Art NFT Collaboration With Brittany Kaiser

As Kenn Bosak mentions in the launch podcast we did together with Brittany Kaiser; you must have lived under a rock not to know who Brittany is. Her life story juxtaposes big data, blockchain, information security, Facebook, and now, art about it all to be tokenized. If we want protection, we need to start thinking of our data as our property, because, if no one has noticed, property is held up and protected legally. Brittany Kaiser The Cambridge Analytica whistleblower, now co-founder of Own Your Data Foundation, will be traveling…

On-Chain Data Finds OKEx Holds $2.3 Billion Worth of Bitcoin

According to the researchers at Glassnode, OKEx holds $2.3 billion worth of Bitcoin. The report comes after the exchange temporarily suspended withdrawals on October 16. In a public statement, OKEx said that one of the persons holding a private key to the exchange’s wallet is cooperating with investigators. The statement reads: “One of our private key holders is currently cooperating with a public security bureau in investigations where required.  We have been out of touch with the concerned private key holder.  As such, the associated authorization could not be completed……

ICO fines British Airways £20m for data breach affecting more than 400,000 customers

The Information Commissioner’s Office (ICO) has fined British Airways (BA) £20m for failing to protect the personal and financial details of more than 400,000 of its customers. An ICO investigation found the airline was processing a significant amount of personal data without adequate security measures in place. This failure broke data protection law and, subsequently, BA was the subject of a cyber-attack during 2018, which it did not detect for more than two months. ICO investigators found BA ought to have identified weaknesses in its security and resolved them with…