The world’s largest cryptocurrency reached $21,000 Wednesday following short-liquidations from large exchanges earlier on in the day. Source
Bitcoin Jumps to $21K After Soft US Data, Less Hawkish Bank of Canada
Tag: Data
Filecoin launches Web3 data storage solution for carbon offsets
Filecoin Green, a Protocol Labs initiative designed to reduce the environmental impact of FIlecoin and make Filecoin verifiably sustainable, has spearheaded an initiative to power Web3 technology with verifiably clean energy. According to the announcement, the company is set to address the shortcomings of traditional carbon storage solutions by “marrying blockchain’s granular tracking functionality with the information-sharing infrastructure of Web3”. Filecoin Green launched CO2.Storage, a Web3 data storage solution, which intends to enable transparency for carbon offsets, address traditional storage solutions for all types of digital environmental assets, and renewable…
Digital Asset Data Provider Amberdata Acquires Crypto Analytics Company Genesis Volatility
The purchase will allow Amberdata to expand its decentralized finance (DeFi) products, offering support for protocols such as Friktion, Ribbon and Lyra, according to an announcement shared with CoinDesk. The company’s institutional clients include Citigroup (C), Fidelity and Nasdaq (NDAQ). Source
After Celsius Customer Data Release, Bankruptcy Judge Agrees to Appoint Privacy Ombudsman
“Sealing information such as that sought by the Debtors [Celsius] from public disclosure risks transforming the open and transparent bankruptcy process into something very different, which the Court is loath to do without a strong showing of real and not speculative risks,” Judge Glenn wrote in a September court filing. Source
Crypto Mining Data Center Firm Soluna Tumbles After Capital Raise
Soluna said it plans to use the proceeds for acquiring, developing and increasing data centers, including cryptocurrency mining processors, other computer processing equipment, data storage, electrical infrastructure, software, real property and business, including but not limited to its development site in Texas. Source
Bitcoin price edges closer to $20K as ‘way worse’ US data boosts stocks
Bitcoin (BTC) headed toward $20,000 as United States equities gained at the Oct. 17 Wall Street open. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks climb as U.S. dollar heads lower Data from Cryptox Markets Pro and TradingView showed BTC/USD reaching $19,672 on Bitstamp, up 3.5% versus the weekend’s lows. The pair rose in line with stocks, with the S&P 500 and Nasdaq Composite Index gaining 2.7% and 3.2%, respectively within thirty minutes’ trading. The action combined with weak U.S. economic data in the form of the Empire State Manufacturing…
Stellar Buyers Must Check Out These Data Before Going Long
Stellar is one of the cryptocurrencies that had an interesting and fruitful 2021, perhaps why the altcoin is making positive noise these days for being a viable asset for long trading. Stellar could enter a dull phase on the coming sessions XLM is -10.1% over the past week Stellar is on an extended bearish momentum In crypto space, long trading involves buying an asset and making profit as its price increase. On the other hand, short trading happens when one sells a borrowed security and buys it back at a…
Latest CPI Data Shows Red-Hot Inflation Continues to Thrive in the US, Consumer Prices Jumped 8.2% in September – Economics Bitcoin News
The latest inflation data from the United States indicates that consumer prices have kept climbing despite expectations of a slowdown. The Consumer Price Index (CPI) summary published on Thursday shows an 8.2% rise in the year through September, and the core index rating saw the fastest yearly increase since 1982. September’s CPI Data Was Worse Than Expected, Report Signals an Aggressive Fed Rate Hike on the Horizon, Global Markets Shudder U.S. inflation numbers for September are in, and the inflation rate, or CPI, is worse than expected. According to the…
First Mover Americas: Bitcoin Falls to $18.1K After CPI Data
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 13, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Original
Crypto Quant Data Hints An Imminent Bitcoin Price Rally, Will It Be Strong?
The beginning of 2022 has been rocky for the world’s largest cryptocurrency, Bitcoin. Many experts believe the digital token will eventually hit the $100K price. For them, this is not a case of if but when. Deutsche Bank also reported that some Bitcoin investors see BTC reaching a price of $110,000 in five years. Meanwhile, experts warn new crypto investors, stating they should be cautious about how much they wish to invest. They mentioned this considering the volatility of BTC in recent times. The token had displayed a remarkable rise…