Tag: Data

Bitcoin 2021 bull market buyers ‘capitulate’ as data shows 50% losses

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Bitcoin’s (BTC) spot trading below $20,000 is seeing a new “capitulation” event encompassing an entire year’s worth of buyers, research reveals. In one of its Quicktake market updates on Sept. 29, on-chain analytics platform CryptoQuant flagged intense selling by a large number of recent hodlers. 2021 bull market coins “have been sold aggressively” As BTC/USD lingers near levels barely seen since 2020, it is not just miners feeling the pinch. Analyzing Bitcoin’s Exchange Inflow Spent Output Ages Bands (SOAB), CryptoQuant contributor Edris showed that those who bought between April 2021…

Blockchain interoperability goes beyond moving data from point A to B — Axelar CEO Sergey Gorbunov

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Cross-chain communication between blockchains is more than just moving data from point A to B, but how it can connect applications and users for enhanced experiences and fewer gas fees in Web3, outlined Sergey Gorbunov, Axelar Network co-founder and CEO, speaking to Cointelegraph’s business editor Sam Bourgi on Sept. 28 at Converge22 in San Francisco.  As the crypto industry has developed over the past few years, blockchain interoperability has seen a surge in demand, attracting venture capital and welcoming players, such as Axelar, which reached unicorn status in February. According…

BTC, ETH Continue to Consolidate Ahead of U.S. Consumer Sentiment Data – Market Updates Bitcoin News

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Bitcoin continued to trade below $20,000 on Friday, as market sentiment remained mostly unchanged heading into the weekend. The world’s largest cryptocurrency attempted to climb towards this milestone, but declined as it encountered a hurdle on the relative strength index (RSI). Ethereum was also largely unchanged, as markets prepared for the release of U.S. consumer data. Bitcoin Bitcoin (BTC) prices continued to consolidate on Friday, as market sentiment remained largely unchanged heading to the weekend. The token continued to climb towards $20,000 in today’s session, hitting a peak of $19,632.98…

Bitcoin profitability for long-term holders decline to 4-year low: Data

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Bitcoin’s (BTC) long-term profitability has declined to levels last seen during the previous bear market in December 2018. According to data shared by crypto analytic firm Glassnode, BTC holders are selling their tokens at an average loss of 42%. Bitcoin long term holders,  Source: Glassnode The Glassnode data indicate that long-term holders of the top cryptocurrency selling their tokens have a cost basis of $32,000, meaning the average buying price for these holders selling their stack is above $30,000. The current market downturn added to the declining profitability can be…

Bitcoin price slips under $19K as official data confirms US recession

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Bitcoin (BTC) wobbled in its narrow trading range at the Sep. 29 Wall Street open as official data put the United States economy in recession.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView U.S. meets technical definition of recession Data from Cointelegraph Markets Pro and TradingView showed BTC/USD still hovering just above $19,000 at the time of writing. The pair weathered gloomy figures for the U.S., with the second quarter gross domestic product (GDP) growth estimated at -0.6%. This, despite protests of the White House to the contrary, meant that the U.S.…

Bitcoin Sells-Off Amid Strong Economic Data, Can $18,600 Hold?

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Bitcoin has been unable to break above or below its current rage, and price action remains undecided. During yesterday’s trading session, the cryptocurrency saw upside volatility, but gains were surrounded once more today as macroeconomic forces took over BTC. At the time of writing, Bitcoin (BTC) trades at $19,200 with sideways movement in the last 24 hours and 4% profits in the last 7 days. While large cryptocurrencies have been able to preserve some of their gains from the past week, most are following the general sentiment in the market.…

Bitcoin Notches Highest Trading Volume In Over 3 Months, Binance Data Shows

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Bitcoin (BTC) trading volume is on the rise, as the cryptocurrency market shows some signs of improvement. As of this writing, BTC is trading at $19,326, up 3.2 percent in the last 24 hours, data from Coingecko show, Thursday. Today is one of the busiest trading days for Bitcoin since mid-June. CryptoQuant attributes the recent surge in BTC trading volume to Binance. CoinGecko also reveals a dramatic increase in Bitcoin trade volume over the past three days. Total trade volume for the coin is $142.5 billion, a massive rise from…

Data protection is an enabler, not a blocker, of good quality research | Opinion

Data protection should offer confidence to researchers and research participants, says Ian Hulme, as the Information Commissioner’s Office (ICO) publishes guidance on research provisions. When we launched the consultation on our research provisions guidance in February, I wrote that the ICO understands the value and importance of research. That still rings true – which is why I’m pleased to announce that our new research provisions guidance has been published. The consultation was a really valuable exercise for us, and we’d like to thank those organisations and individuals who responded. The…

GSBN Adopts Blockchain to Share Shipping Data with Financial Insitutiotns

Within 20 minutes, Global Shipping Business Network (GSBN) is able to undertake a pilot transaction of unifying the consent collection and sharing of shipping data using a blockchain-powered application, enhancing the speed of transactions. As an independent and not-for-profit blockchain consortium founded by major global terminal operators and shipping lines, GSBN seeks to enhance trade finance accessibility, especially for SMEs, through its blockchain-enabled data-sharing management application. Per the announcement: “By supplying banks with trusted shipping data, the consortium’s solution aims to facilitate approval process and make trade finance more…

Deutsche Börse Teams up with Chile’s Santiago Exchange on Market Data

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Deutsche Börse, a Germany-based exchange organization, has entered a market data partnership with Chile’s Santiago Exchange, the third-largest exchange in Latin America. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. Under the collaboration, the German exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors…