Tag: Data

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…

Bitcoin Battles $23,000 as Data Shows the U.S. Is in a ‘Technical Recession.’

Despite statements from the Fed and Congress, the United States GDP reading for Q2 fits the criteria of a recession. On the July 28 Wall Street open, Bitcoin (BTC) regained additional lost territory amid uncertainty about whether the United States has entered a new recession. Analysts Call Recession for the United States on GDP Print BTC/USD approached $23,000 for support after a run-up on the previous day’s Federal Reserve rate hike, according to data from Cryptox Markets Pro and TradingView. The momentum gained from U.S. GDP figures, which declined for…

Bitcoin Santa Claus rally unlikely, according to on-chain and derivatives data

As the coldest days of the crypto winter set in, investors’ speculative interest in the crypto market has fallen to pre-2021 levels, impairing the chance of a substantial directional price move. However, there’s a possibility of a bear market rally akin to the July through August 2022 uptrend. The market enters a state of limbo The FTX implosion impacted over 5 million users globally and adversely affected numerous crypto companies that were exposed to it. The industry is currently in a recovery mode and Cumberland, a U.S.-based crypto market broker,…

Crypto Exchange Gemini Suffers From Data Breach, 5.7 Million Emails Allegedly Leaked – Bitcoin News

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According to a recent report, the cryptocurrency exchange Gemini suffered from a breach of data and reportedly 5.7 million emails were leaked. While Gemini has stated “some Gemini customers have recently been the target of phishing campaigns,” the exchange insisted that “no Gemini account information or systems were impacted.” Gemini Suffers From ‘Third Party’ Associated Customer Data Leak, Report Claims Documents Show 5.7 Million Accounts Affected On Dec. 14, 2022, the crypto news outlet Cointelegraph published a report that claims “5,701,649 lines of information pertaining to Gemini customers” have been…

On-Chain Data Shows Crypto Exchange Binance Isn’t Exhibiting ‘FTX-Like’ Behavior

“At the time Binance’s Proof of Reserves report was conducted, CryptoQuant’s estimate of Binance’s BTC reserves (liabilities) was 591,939 BTC. This compares to the PoR report’s Customer Liability Report Balance of 597,602 BTC. We can see that CryptoQuant data covered 99% of Binance’s liabilities,” CryptoQuant wrote, using the ticker symbol for bitcoin. Collateralization is 101% when taking the exchange’s assets and debtors into account, it said. Source

Relying on Centralized Databases Makes Dapps Vulnerable to Data Tampering Says Nate Holiday – Interview Bitcoin News

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Decentralized applications (dapps) are prone to data tampering because they “are largely built on top of centralized databases and services,” the CEO of Space and Time Nate Holiday has said. The CEO also shared a list of data tampering risks which he said are specific to data warehouses. Companies Relying on Centralized Databases and Services According to Nate Holiday, the CEO of decentralized data warehouse Space and Time, the recent draining of funds on the defi (decentralized finance) lending platform Lodestar Finance, and Axie Infinity’s Ronin network attack before that,…

Gemini allegedly suffered data breach; 5.7 million emails leaked

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Cryptocurrency exchange Gemini appears to have suffered a data breach on or before Dec. 13. According to documents obtained by Cointelegraph, hackers gained access to 5,701,649 lines of information pertaining to customers’ account numbers, email addresses, and partial phone numbers. In the case of the latter, hackers apparently did not gain access to the full phone numbers as certain numeric digits were obfuscated. The leaked database did not include sensitive personal information such as names, addresses, and other know-your-customer information. In addition, some emails were repeated in the document; thus,…

AVAX Hits 1-Week High, as LTC Also Climbs Following US Inflation Data – Market Updates Bitcoin News

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Avalanche rose to a one-week high on Tuesday, as markets reacted to the latest inflation report in the United States. Consumer prices rose to 7.1% in November, which was lower than the 7.3% markets had expected. The figure was also 0.6% lower than October’s reading of 7.7%. Litecoin also rebounded on the data, rising by over 6%. Avalanche (AVAX) Avalanche (AVAX) was a notable gainer on Tuesday, as prices surged following the release of U.S. inflation figures. November’s consumer price index (CPI) came in at 7.1%, which was lower than…

Solana Price Shows Signs Of A Breakout After CPI Data Release

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The Solana price is up by 6% over the last 24 hours. As the broader market secures upward price movement, most altcoins have followed suit. The release of the Consumer Price Index (CPI), which is an important measure of inflation, showed that U.S. inflation had slowed to 7.1%, down from 7.7% in the past month, as depicted by the numbers released by the U.S. Bureau of Labor Statistics. The data has revealed that consumer inflation has fallen, pushing stock futures to rise. Owing to this report, the crypto market has…