Tag: Data

ETH Nears $1,230 Resistance, Following Strong US GDP Data – Market Updates Bitcoin News

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Ethereum edged closer to a key resistance level of $1,230 on Dec. 23, as markets continued to react to better than expected U.S. GDP data. Gross domestic product in the United States was revised higher to 3.2%, better than the 2.9% expected. Bitcoin mostly consolidated in today’s session, with prices trading near the $16,800 mark. Bitcoin Bitcoin (BTC) was once again in consolidation on Friday, as markets continued to react to the latest U.S. Q3 GDP figures. Following a low of $16,592.41 on Thursday, BTC/USD was marginally higher, with prices…

BTC, ETH Consolidate Ahead of United States GDP Data – Market Updates Bitcoin News

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Cryptocurrency prices mostly consolidated on Thursday, ahead of upcoming GDP figures from the United States. Bitcoin remained close to the $17,000 level in today’s session, with the global market cap trading 0.01% lower as of writing. Ethereum was largely unchanged, as prices continued to trade above $1,200. Bitcoin Bitcoin (BTC) continued to consolidate ahead of this afternoon’s third quarter GDP data from the United States. This afternoon’s figures are expected to show growth of 2.9% in the quarter, as inflation in the U.S. began to slow down. BTC/USD hit a…

Stablecoin settlements can surpass all major card networks in 2023: Data

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Stablecoins play a very critical role in the crypto economy today and despite the recent run-down in the broader market, stablecoin volumes continue to dominate most exchanges. According to Coinmetrics data, on-chain stablecoin settlements reached over $7 trillion in 2022 and are expected to end the year at around $8 trillion. While the largest card network, Visa, processes ~$12tn/yr. Peter Johnson, co-head of the venture at Brevan Howard Digital, said that stablecoin settlements had already surpassed MasterCard and American Express. Furthermore, he predicted that in 2023 on-chain stablecoin volumes will…

Bitcoin Is Leading Indicator for S&P 500, Past Data Show

“History shows that, on average, BTC has topped ~48 days and bottomed ~10 days before the SPX [S&P 500],” Delphi’s strategists, led by Kevin Kelly, wrote in a 2023 preview sent to clients on Wednesday. “Over the past five years, all major price reversals in BTC have preceded those in major equity indices.” Source

Five Bitcoin Wallets Linked to Collapsed Crypto Exchange Mysteriously Awaken After Years of Inactivity: On-Chain Data

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Five Bitcoin wallets associated with the now-defunct crypto exchange QuadrigaCX moved 104 Bitcoin (BTC) worth $1.75 million for the first time in years, according to an on-chain researcher. Pseudonymous on-chain sleuth ZachXBT points out the development to his 339,400 Twitter followers. Five wallets attributed to QuadrigaCX unexpectedly moved ~104 BTC on Dec 17 for the first time in years. 1ECUQLuioJbFZAQchcZq9pggd4EwcpuANe1J9Fqc3TicNoy1Y7tgmhQznWrP5AVLXj9R1MhgmGaHwLAvvKVyFvy6zy9pRQFXaxwE9M1HyYMMCdCcHnfjwMW2jE4cv9qVkVDFUzVa1JPtxSGoekZfLQeYAWkbhBhkr2VEDADHZB — ZachXBT (@zachxbt) December 19, 2022 The on-chain researcher notes one of the wallets sent about 69 BTC ($1.16 million) to the Bitcoin mixing service Wasabi. A crypto mixing service…

Bitcoin miner Northern Data says it has no financial debt, expects $204M in revenue for 2022

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According to a new letter to shareholders posted on Dec. 21, Aroosh Thillainathan, CEO of German Bitcoin (BTC) mining company Northern Data, said that the firm expects to generate upwards of $202M to $206M in revenue from crypto mining operations this year. At the midpoint range, this represents a growth of 1.11% from Northern Data’s total sales of $202M for the 2021 fiscal year, when the firm grew its revenue ten-fold from 2020. Thillainathan added: “Northern Data is not carrying financial debt and therefore has access to the unique opportunity…

Chinese EV Company Nio Falls Victim to $2.25M Bitcoin Blackmail, Vows to Crack Down on Data Theft with Rule of Law

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The hackers are running a blackmail on Nio, and are asking for Bitcoin payment in exchange for user information stolen from the EV company. Chinese multinational automobile manufacturer Nio has become one of the latest Bitcoin blackmail victims in the dynamic tech space. Yesterday, December 20th, Bloomberg reported that the Shanghai-based electric vehicle (EV) specialist saw its user and car-sales data stolen by hackers. The report stated that the hackers sent Nio an email this month demanding $2.25 million in Bitcoin (BTC) to potentially preempt releasing the stolen data. According to internal investigations, the…

Gemini Customer Data Leak Was Advertised for Sale on Hacker Forums for 30 BTC in September – Bitcoin News

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On Dec. 14, 2022, the crypto exchange Gemini revealed that some Gemini customers have been the target of phishing attacks that the firm believes stem from a third-party vendor leak. While reports disclosed that Gemini’s leak was approximately “5,701,649 lines of information pertaining to Gemini customers,” Gemini did not disclose how many customers were affected by the breach. Moreover, according to Bleeping Computer’s cybersecurity author, Ionut Ilascu, data from Gemini’s customer info leak has been advertised for sale on hacker forums as early as Sept. 2022. Gemini Customer Data Leak…

Glassnode Raises Concerns Over Binance PoR Data, Was There A Mistake?

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Binance, as one of the leading crypto exchanges, tried to exhibit transparency in its operations, especially on the security of customers’ funds. This led it to publish its proof of reserve (PoR) reports. However, the collapse of some firms like Celsius Network, FTX, and others has instilled fear and doubts about crypto exchanges and platforms. Investors lost confidence majorly in centralized platforms. Hence, most CEXs have taken to publishing their proof of reserve assets to indicate the safety of users’ funds. Difference In Binance’s Reported BTC Holding Some revelations hint…