Tag: Data

Third round of ETH withdrawals sees roughly equal amounts of deposits: Data

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Ethereum staking withdrawals have entered their third “round,” but Ether (ETH) staking deposits have almost equaled them, according to the data from the analytics platform Nansen. Ethereum staking withdrawals started ramping up for the third time on April 24 and into April 25. According to Nansen, the crypto exchange Kraken was responsible for a large portion of these withdrawals. A “round” refers to the number of days taken to process partial withdrawals and rewards. Nansen says it currently takes just under four and a half days. The last large batch…

Ethereum (ETH) Layer 2 Networks’ Total Value Locked Hovers at Near-Record High, Data Shows

As ether’s price rose in April, so did the total value locked (TVL) of Ethereum layer 2, or companion, networks, reaching $10 billion on April 14, its highest level yet. TVL has subsequently declined amid a swoon in crypto prices but remains at around $9.29 billion, more than double where it stood at the start of the year, data from layer 2 analytics site L2Beat shows. Source

Warren Buffett was wrong about a ‘rat poison’ Bitcoin portfolio, data shows

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Legendary investor Warren Buffett sees no value in Bitcoin (BTC), infamously calling it “rat poison squared.” But data shows that adding Bitcoin to a so-called “rat poison portfolio,” an equally weighted portfolio of Berkshire Hathaway, Microsoft, JPMorgan and BlackRock stocks, would have produced much better returns for The Oracle of Omaha. “Rat poison portfolio” with Bitcoin does better  Since 2014, allocating only 2.5% Bitcoin yearly to the rat poison portfolio increases returns by nearly 20% with reduced risks, according to independent market analyst Alpha Zeta. For now, the portfolio’s returns…

Bitcoin Lightning Network is 1,000x cheaper than Visa and MasterCard: Data

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Fresh data from Glassnode demonstrates that Bitcoin’s (BTC) Lightning Network is significantly cheaper to use than legacy payment networks. The median fee rate, or the cost of sending value across the Lightning Network, is 0.0029%, 1,000 times cheaper than that of MasterCard of Visa payment processors.  James Check, lead analyst at Glassnode, told Cointelegraph that the median fee rate, or the fee charged per 1 BTC sent across the Lightning Network, is currently 3,000 Satoshis (the smallest unit of Bitcoin). That is “equivalent to $0.84 to send $28,800 worth of…

Bitcoin ignores US jobs data as BTC price dip puts $28K support at risk

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Bitcoin (BTC) recovered from new 10-day lows at the April 20 Wall Street open as the United States jobs data boosted investor confidence. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price: “Lights out” at $28,000? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing upward after hitting $28,360 on Bitstamp. Amid an ongoing correction, the pair nonetheless failed to reclaim even $29,000 as support as U.S. unemployment data hinted that tighter financial conditions were working to cool inflation. Spot gold became the main risk asset beneficiary, climbing back…

Elon Musk threatens Microsoft with suit, claims AI trained on Twitter data

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Microsoft has been threatened with a suit from Tesla and Twitter chief Elon Musk who claimed the Big Tech firm “illegally” trained its artificial intelligence (AI) on Twitter data. On April 19, Musk tweeted that it was “lawsuit time” in response to a post reporting that Microsoft would cease supporting Twitter on April 25 across its online social advertising tools, Smart Campaigns and Multi-platform. They trained illegally using Twitter data. Lawsuit time. — Elon Musk (@elonmusk) April 19, 2023 The Twitter boss alleged Microsoft “trained illegally using Twitter data” implying…

Bitcoin BTC Price Hovers Near $29.3K After Binance Sell Order, UK Inflation Data

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Bitcoin Hovers Near $29.3K After Binance Sell Order, UK Inflation Data

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…