Tag: Data

Bigger Risks More Returns: Ethereum’s Volatility Surpasses Bitcoin’s by 50%, Data Shows

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Despite Bitcoin (BTC) and Ethereum (ETH) still struggling to reclaim their all-time highs, there appears to be a distinct fact amongst both assets now, as shown in the latest data. Particularly, according to Matrixport’s recent report, Ethereum is now displaying greater price fluctuations compared to Bitcoin in the past weeks. Ethereum’s Volatile Outpacing Bitcoin’s Volatility measures the price variations of an asset over time, with higher volatility indicating more significant price changes. According to data from Matrixport, the 30-day realized volatility spread between ETH and Bitcoin typically ranges from 1.0…

Have Bitcoin (BTC) Prices Bottomed? Miner Capitulation Data Indicates Major Selling Pressure is Done

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Bitcoin Bull Run Still Intact? Here’s What On-Chain Data Says

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After Monday’s market crash, concerns about the stability of Bitcoin’s bull run have emerged. Yet, Ki Young Ju, founder and CEO of CryptoQuant, a leading blockchain analytics firm, maintains a positive outlook. He suggests that, despite the recent crash, on-chain data continues to support the notion that the bull market for Bitcoin remains intact. Bitcoin On-Chain Analysis: Bullish Arguments #1 Bitcoin Hashrate The Bitcoin hashrate, which gauges the computational power utilized in mining and processing transactions, is nearing an all-time high (ATH). Ju notes, “Miner capitulation is nearly over, with…

Blackrock Unshaken Despite Recent Bitcoin Market Crash, Data Shows

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Northern Data reports 22% revenue increase in Q2 despite Bitcoin halving

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Northern Data announced that its revenue in the second quarter surged by 22%, defying expectations despite the impact of the Bitcoin halving. European Bitcoin (BTC) mining company Northern Data has rolled out its Q2 results published today, Aug. 6, boasting a 22% increase in revenue despite the challenges posed by the Bitcoin halving. The company reported Q2 revenue of €26 million, driven by performance from its cloud platform and investments in its data center footprint as well as mining facilities. Northern Data’s CEO Aroosh Thillainathan emphasized the company’s progress in…

DePIN and Machine Data Can Change Web3

Tokenizing machine data and bringing it on-chain is the next logical step in the evolution of DePIN. Imagine a data pool with machine data from public EV charging stations, each collecting data on charging power, the battery level of the EVs in the surrounding area or the current energy grid utilization. Builders in the energy sector have now all the information they need to build dApps that help to balance the electric grid, for instance by offering charging incentives to EV drivers with low battery if there is a surplus…