Tag: Data

Europe’s digital ID wallet — Easy for users or a data privacy nightmare?

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On March 15, the European Parliament voted 418 to 103 (with 24 abstentions) in favor of negotiating a mandate for talks with the European Union member states about revising the new European Digital Identity (eID) framework and creating the “European Digital Identity Wallet,” also known as EUDI Wallet or EU wallet.  Citizen’s IDs, health cards, certificates and many other documents could soon be digitally stored in a smartphone application for EU citizens. According to an official statement from the European Parliament, the system would allow citizens to identify and authenticate…

Bitcoin is in the middle of accumulation, on-chain data shows

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In recent developments, multiple indicators by Glassnode suggest that bitcoin (BTC) is currently in an accumulation phase. Several on-chain data points have reached all-time highs (ATH), indicating increased interest and long-term holding among the investors. This metric measures the percentage of the total bitcoin supply that has not been moved for at least five years. The recent ATH of 28.513% implies that over a quarter of all circulating bitcoins have been held for over five years. This trend may suggest that many long-term investors are holding onto their assets, confident…

$30K BTC price target stays valid as ‘boring’ Bitcoin heads into US jobs data

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Bitcoin (BTC) stuck to a narrow trading range into April 7 as crypto analysts awaited the week’s main United States macroeconomic data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $30,000 or $25,000 for Bitcoin? Data from Cointelegraph Markets Pro and TradingView confirmed another day’s ranging around $28,000 for BTC/USD. The pair had shunned volatility over most of the week, but now faced nonfarm payroll (NFP) numbers as a final potential catalyst for risk assets. “Expectations are that we’ll be seeing 3.6%, similar to last month. Based on the financial numbers…

Crypto Liquidity Providers Can Be Profitable by Considering Trade Volume, Volatility Other Factors, Data Firm Says

“First Mover” dove into the crypto markets ahead of Shapella, a portmanteau of Shanghai and Capella, two major Ethereum network upgrades expected to occur simultaneously on April 12. Victoria Bills, Banrion Capital Management Chief Investment Strategist, joined the conversation. Ronit Ghose, Future of Finance Global Head at Citi, explained why the potential of blockchain will be measured in billions of users and trillions of dollars in value. Plus, Komainu CEO Nicolas Bertrand discussed the cryptocurrency custody joint venture of Nomura, Ledger and CoinShares. Source

Latest Bitcoin price data suggests double top above $200K in 2025

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Bitcoin (BTC) is still on track to hit $180,000 in its next halving cycle, a longtime market participant says. In new analysis published March 3, Filbfilb, co-founder of trading suite Decentrader, doubled down on his bullish BTC price outlook for the years ahead. Filbfilb keeps faith in Bitcoin halving cycles With BTC/USD approaching $30,000, but traders highly suspicious of the 2023 rally, sky-high BTC price predictions have been poorly received. Two current $1 million forecasts, from ARK Invest CEO Cathie Wood and former Coinbase executive Balaji Srinivasan respectively, continue to…

Will Bitcoin break above $30K? New JOLTS data, weaker dollar boost chances

On April 4, the U.S. dollar index (DXY), which measures the greenback’s performance versus the basket of six leading foreign currencies, dropped by 0.5% after demand for workers in the world’s largest economy declined. BTC price eye breakout with dollar at 2-month lows Bitcoin (BTC) has grown 3.5% since to around $28,800, continuing its extremely negative correlation with the dollar. The BTC/USD pair now eyes a breakout at $30,000, a psychological resistance level, due to hopes that the greenback will weaken further in 2023. DXY vs. BTC/USD year-to-date returns and correlation…

Arbitrum FUD spooks the market, but on-chain data shows whales accumulating ARB

Arbitrum suffered a big blow during the April 1–2 weekend due to a conflict between ARB tokenholders and the Arbitrum Foundation on the allocation of 750 million ARB tokens worth around $900 million. Data from on-chain analysis firm Arkham Intelligence shows a transfer of $50.5 million out of the disputed allocation of 750 million ARB tokens. They shared with Cointelegraph: “Only 50.5 million of those tokens have been moved. 10 million tokens have been sent to be sold on exchanges, 40 million have been loaned to Wintermute and the remaining…

ICO fines TikTok £12.7 million for misusing children’s data

More than one million UK children under 13 estimated by the ICO to be on TikTok in 2020, contrary to its terms of service. Personal data belonging to children under 13 was used without parental consent. TikTok “did not do enough” to check who was using their platform and take sufficient action to remove the underage children that were. The Information Commissioner’s Office (ICO) has issued a £12,700,000 fine to TikTok Information Technologies UK Limited and TikTok Inc (TikTok) for a number of breaches of data protection law, including failing…

Bloomberg reveals AI for financial data, community responds

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Financial media outlet Bloomberg revealed a new artificial intelligence (AI) model with the aim of opening new ways to use the data available within the company’s terminal. Many responded to the new development, with some saying that this sparks “the next wave” of corporate AI.  On March 30, Bloomberg released a research paper that provides detailed information about the development of what it calls BloombergGPT. According to the media outlet, the AI has been created to perform various natural language processing (NLP) tasks after training with a large set of…

BMLL Adds 3 Asian Exchanges to Expand Data Coverage

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BMLL, an independent provider of historical Level 3 data and analytics for global equity and futures markets, has expanded its coverage by adding Asian markets. It added Level 3 data from CBOE Japan, Japannext, and Singapore Exchange. Announced on Monday, the recent expansion complemented the already available equities and ETF data for Tokyo Stock Exchange within the BMLL product suite. Paul Humphrey, the CEO of BMLL, stated: “The demand for high-quality historic market data has grown exponentially as participants need to understand market or venue behaviour across the US, EMEA,…