Tag: Data

EU finalizes controversial smart contract kill switch rules under Data Act

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European Union (EU) lawmakers have reached an agreement to move ahead with the controversial European Data Act, which has previously drawn criticism from the crypto community. The deal was confirmed by the EU’s Commissioner for Internal Markets, Thierry Breton, in a tweet calling it a “milestone in reshaping the digital space.” Another deal! ⁰Tonight’s agreement on the #DataAct is a milestone in reshaping the digital space. Thanks to the swift work of the EP @delcastillop & the Council Presidency, we are on the way of a thriving data economy that is…

Ethereum price won’t see $2K anytime soon, market data suggests

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The price of Ether (ETH) faced strong resistance at $1,920 after a 17.5% rally between June 15 and June 22. Several factors contributed to the limited upside, including worsening macroeconomic conditions, the regulatory cryptocurrency environment and weaker demand for decentralized applications (DApps) on the Ethereum network. ETH price faces macroeconomic headwinds On June 26, a federal judge denied a motion from Binance that could have stopped the United States Securities and Exchange Commission (SEC) from issuing public statements related to the case. In addition, in its mid-year outlook, HSBC Asset…

Bitcoin price data suggests bulls will succeed in holding $30K as support this time

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Bitcoin (BTC) has been trading above $31,000 after its 24.3% rally between June 15 and June 23, which caught many off guard. For bears, that meant facing $165 million in short futures contract liquidations, but the unexpected rally also brought some degree of discomfort for investors using Bitcoin derivatives. Inflation remains the biggest question mark for traditional markets, a point highlighted by the recent 50-basis-point interest rate increase by the Bank of England, followed by similar moves in Norway and Switzerland, leading to the highest cost of capital in over…

Bitcoin BTC Price Bobbles, Then Returns to Perch Above $30.1K as Investors Weigh ETF Prospects, Macroeconomic Data

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Ether (ETH), the second largest crypto in market value, followed a similar path to BTC, dipping around the time of the BitGo announcement via Twitter but then regaining ground to recently change hands near the $1,900 threshold it reached on Wednesday for the first time since the beginning of June. ETH was recently up a few fractions of a percentage point. Most other major cryptos were largely in the green, albeit not as impressively as the previous day. ADA and DOT, the tokens of smart contract protocols Cardano and Polkadot,…

Whales Withdraw Over $150,000,000 in Ethereum (ETH) From Crypto Exchanges Binance and Kraken: On-Chain Data

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Three crypto whales withdrew more than $150 million worth of Ethereum (ETH) from the crypto exchanges Binance and Kraken in the past week. All three addresses were newly created wallets, according to the blockchain tracker Lookonchain. The first whale withdrew 35,860 ETH worth more than $64 million from Binance across a series of transactions. The second pulled out 27,000 Ethereum worth more than $48 million from Binance across four withdrawals. And the third wallet withdrew 23,660 ETH worth more than $42 million from Kraken across five transactions. The withdrawals could…

EU Commission Brushes Off Data Act Fears by Crypto Industry

The letter, signed by companies such as Fujitsu, Ledger and Ripple and lobbying organizations the European Crypto Initiative and Blockchain for Europe, says that the law would jeopardize smart contracts written on blockchains such as Ethereum, Avalanche, Cardano, NEAR and Polkadot, potentially conflict with recently agreed Markets in Crypto Assets law, and damage the European economy. Source ActbrushesCommissionCryptodataFearsindustry CryptoX Portal

Arkon Energy Enters U.S. With Ohio Data Center Site Purchase, $26M in Fresh Funding

The company, which uses renewable electricity to mine bitcoin (BTC), also raised $26 million in fresh capital from Sandton Capital Partners, which it intends to use to fund an “aggressive expansion” into North America, according to an announcement shared with CoinDesk on Tuesday. That’s on top of the $28 million it raised in November, when it bought Hydrokraft AS, a renewable energy-based data center in Norway. Source

Why ZK rollups need data availability

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Zero knowledge proofs have been hailed as a major advancement for blockchain technology but the efficacy of these protocols will require streamlined data availability solutions to unlock their full potential. Anurag Arjun, co-founder of Polygon and blockchain data availability protocol Avail, highlighted the importance of data availability for ZK rollups in an interview with Cointelegraph. ZK rollups are a layer 2 blockchain scaling solution for blockchain networks allowing transactions to be batched and submitted to a layer 1 blockchain with the provision of a cryptographic proof. ZK proofs aim to…

ICO urges organisations to harness the power of data safely by using privacy enhancing technologies

The Information Commissioner’s Office (ICO) is recommending organisations to start using privacy enhancing technologies (PETs) to share people’s personal information safely, securely and anonymously. These types of technologies open unprecedented opportunities for organisations to harness the power of personal data through innovative and trustworthy applications, by allowing them to share, link and analyse people’s personal information without having access to it. PETs can be used to share anonymised personal information to detect and prevent financial crimes and related harms such as fraud, money laundering, and cybercrimes. The ICO has launched…