Tag: Data

Ethereum Whales Front Run Major Move, On-Chain Data Suggests

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The Ethereum price is up 4.3% in the last 24 hours, following the general market sentiment of the crypto market. In anticipation of today’s speech by US Federal Reserve chairman Jerome Powell at the Brookings Institution, crypto bulls seem to be anticipating possible dovish comments. At press time, Ether (ETH) was trading at $1,265, with trading volume continuing to fall to just $7.8 billion, down about 2.8% from the previous day. With the current move, Ethereum has managed to break through the key resistance at $1,230. As NewsBTC reported, resistance…

Bitcoin capitulations abound — Data shows realized and unrealized losses at record-highs

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Being three weeks removed from the FTX collapse, Bitcoin (BTC) analysts are combing through data to decipher whether more selling will continue or if a bear market floor has been reached.  One thing miners, short-term and long-term holders have in common is they are losing in the Bitcoin market right now. According to on-chain analysis from Glassnode, the scale of both realized and unrealized losses amongst Bitcoin holders is one of the heaviest capitulation events in BTC’s history. Capitulation is hindering all groups from the increasing number of bankruptcies and…

Meta fined €265M for allowing scrapers to steal Facebook’s centralized user data

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The Irish Data Protection Commission (DPC) announced on Nov. 28 that it has fined Facebook developer Meta €265m for breach of the European Union’s General Data Protection Regulation (GDPR). Specifically, the commission stated that it had fined Meta for failing to design Facebook in such a way that it would protect users from data breaches. The announcement followed a more than year-long investigation that began in April, 2021. The breach itself occurred even earlier, in late 2019. Data Protection Commission announces decision in Facebook “Data Scraping” Inquiry: https://t.co/xW9nVqiJ2Y pic.twitter.com/6iDYnyVk5R —…

Bitcoin’s bottom might be below $15.5K, but data shows some traders turning bullish

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Bitcoin (BTC) bears have been in control since Nov. 11, subduing BTC price below $17,000 on every 12-hour candle. On Nov. 28, a drop to $16,000 shattered bulls’ hope that the 7% gains between Nov. 21 and Nov. 24 were enough to mark a cycle low at $15,500. The most likely culprit was an unexpected transfer of 127,000 BTC from a Binance cold wallet on Nov. 28. The huge Bitcoin transaction immediately triggered fear, uncertainty and doubt, but the Binance CEO, Changpeng Zhao, subsequently announced it was part of an…

FTX collapse drives curiosity around Sam Bankman-Fried, Google data shows

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The fall of FTX seemingly had the biggest impact on the crypto ecosystem as Google searches for the CEO Sam Bankman-Fried (SBF) hit the roof over in November 2022. Some of the biggest drivers for this trend include mainstream media attention, colossal losses and political ties. On Nov. 2, SBF lost his credibility after his company Alameda Research was found holding a large amount of FTX Token (FTT), an asset issued by FTX. Over the following two weeks, the crypto community investigated and found SBF guilty of manipulating and misappropriating…

Canadian Crypto Exchange Coinsquare’s Client Data Breached; Assets Safe

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Coinsquare, one of Canada’s largest cryptocurrency exchanges, reported a breach of its client’s data and added the breached personal data may not have been seen “by the bad actor.” It confirmed the assets of customers are “secure in cold storage and are not at risk.” The update said an unauthorized third party accessed the customer database containing personal information including, “customer names, residential addresses, email addresses, phone numbers, dates of birth, device IDs, public wallet addresses, transaction history, and account balances.” Interestingly, the data breach happened on the platform a…

IIROC-registered Canadian crypto exchange Coinsquare suffers data breach

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Just a month after becoming the first Canadian crypto trading platform to get registered by the Investment Industry Regulatory Organization of Canada (IIROC), Coinsquare suffered a data breach that compromised users’ personal information.  On Nov. 19, Coinsquare had to temporarily shut down operations to investigate an unusual activity on its platform. However, several days of proactive measures allowed Coinsquare to resume operations gradually. We will be re-enabling crypto deposits shortly after the maintenance window with crypto withdrawals to follow shortly after. — Coinsquare (@Coinsquare) November 22, 2022 In a follow-up…

On-Chain Data Shows Signs Of Fresh Bitcoin Accumulation

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On-chain data shows signs of some fresh Bitcoin accumulation taking place during the last month. Bitcoin UTXOs Aged 1 Week To 1 Month Have Risen Up In Recent Days As pointed out by an analyst in a CryptoQuant post, UTXOs purchased between 1 week and 1 month ago have risen since the FTX crash. The relevant indicator here is the “Realized Cap – UTXO Age Bands,” which tells us which age group has what percentage of the Bitcoin realized cap. The “realized cap” here refers to a type of BTC…

Ethereum Software Company Consensys Collects User Data, Privacy Policy Discloses – Privacy Bitcoin News

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Crypto users have been complaining about a recent Consensys privacy policy update that says when Infura is leveraged as a remote procedure call (RPC) via Metamask, wallet and IP address data is collected. The news follows a similar decision the decentralized exchange (dex) platform Uniswap recently made concerning data collection. The dex platform’s operator, Uniswap Labs, revealed that the company’s software collects its users’ onchain data to bolster “data-driven decisions that improve user experience.” Consensys Privacy Policy Reveals User Data Collection The digital currency community and the social media demographic…