Tag: Data

ICO and Cabinet Office reach agreement on New Year Honours data breach fine

The UK Information Commissioner has agreed to reduce the £500,000 Monetary Penalty Notice (MPN) imposed on the Cabinet Office in 2021 in relation to the New Year Honours data breach to £50,000, which the Cabinet Office has agreed to pay, reflecting our new approach to working more effectively with public authorities. The UK Information Commissioner issued its fine to the Cabinet Office on 15 November 2021, following an investigation into the 2019 data breach, where the Cabinet Office published a file on GOV.UK containing the names and unredacted addresses of…

Bitcoin on-chain data flashes early signs of the BTC bottom being in

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While Bitcoin (BTC) price support may be psychological for some traders, the statistics behind BTC remaining over $20,000 for a week are strong indicators of price support or in other words, a new bear market floor. Multiple Bitcoin data points might be able to establish a $20,000 support level.  Last week Bitcoin reached a high of $20,961. However, it never sustained its upward momentum as the rally fizzled out, failing to break $21,000 support. As a result of the rally as well as the rejection, Glassnode, in the most recent…

On-Chain Data Suggests Bitcoin Bottom Is Near

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As the eyes of the crypto community turn to tomorrow’s Federal Reserve FOMC meeting, an on-chain analysis by Glassnode suggests that the bottom just needs to be hammered out. In their weekly report, the firm states that a number of metrics are currently bouncing, making a relatively consistent argument that the bitcoin market has hit a bottom. In this regard, the current numbers are “almost textbook” comparable to previous cycle lows. To back up the claim, Glassnode consults the Mayer Multiple and the Realized Price. The latter of the two metrics…

Why XRP Holders Should Check These Data In The Coming Days

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XRP has struggled to break out of a narrow range over the last few weeks and has failed to make any significant progress in terms of price pump. XRP struggles to surpass he crucial $0.53 resistance marker The altcoin is swinging between narrow ranges in terms of price movement Whales continue to accommodate despite previous selloff The asset’s trading data chart reveals it is trapped within a Fibonacci support and resistance region where it encounters strong challenge surpassing the $0.53 marker. Source: TradingView Every time XRP tries to move past…

Equifax—known for huge data breach—is building a Web3 KYC solution

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Credit reporting company Equifax, known for suffering from one of the largest customer data breaches to date, has partnered with blockchain company Oasis Labs to build a Know Your Customer (KYC) solution. Equifax and Oasis said on Oct. 26 that the latter would be building a decentralized identity management and KYC solution for the industry on Oasis’ platform which will leverage Application Programming Interfaces (APIs) from Equifax to help with checks and user identification. The announcement made no mention of the exact technology which will underpin this offering and Cointelegraph’s…

Is Bitcoin Rise Above $20k Sustainable? Here’s What On-Chain Data Says

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Bitcoin is now back above the $20k mark after observing some sharp uptrend over the past day, but is this pump sustainable? Here’s what on-chain data has to say about it. Bitcoin All Exchanges Netflows Remain Muted Following The Price Rise As explained by an analyst in a CryptoQuant post, the BTC exchange netflows can help us know whether this short-term uptrend is sustainable or not. The “all exchanges netflow” is an indicator that measures the net amount of Bitcoin entering or exiting wallets of all centralized exchanges. The metric’s…

Bitcoin Jumps to $21K After Soft US Data, Less Hawkish BoC

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