Tag: Data

Bitcoin price hits $24K, but analysts say on-chain data points to an ‘inevitable’ pullback

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Cryptocurrency investors continue to enjoy this week’s bullish price action after Bitcoin (BTC), Ether (ETH) and a handful of altcoins rallied on July 20 alongside gains in the traditional markets.  Data from Cointelegraph Markets Pro and TradingView shows that a midday rally by Bitcoin bulls managed to lift the top crypto to a daily high of $24,281, which sparked a new round of bullish proclamations on Crypto Twitter. BTC/USDT 1-day chart. Source: TradingView While the week-long climb has helped boost investor sentiment, several analysts are warning traders to not get too far…

SIMBA Chain and Equideum Health Announce Partnership To Build Web 3.0 Health Data Exchange

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July 20, 2022 – South Bend, Indiana SIMBA Chain is announcing a new partnership for the global healthcare and life sciences industry with Equideum Health, the Web 3.0 and blockchain-powered health company formerly known as ConsenSys Health. The collaboration aims to significantly enhance global healthcare by building a decentralized marketplace, dubbed the Equideum Exchange, for empowering individuals to monetize health and health-relevant data about them. Integrating SIMBA Chain’s cutting-edge blockchain solution SIMBA Blocks with Equideum Health’s Elevated Compute™ platform will greatly accelerate both cross-blockchain interoperability and the incorporation of healthcare and…

Human protocol introduces new blockchain coordination layer for data contribution

On Thursday, decentralized infrastructure project Human Protocol said it was launching a new blockchain coordination layer to handle routing functionality among third-party vendors to power data contribution on the network. The feature, known as Routing Protocol, sits atop Human to enable the discovery of network generators, fee agreements, consensus job standards, proof of balance, and governance support for network upgrades. The Human protocol started via an on-chain bot blocker called hCaptcha that would reward users for solving CAPTCHAs and gradually became a broader solution for tokenizing contribution. Human expects the…

Human protocol introduces blockchain coordination layer for data contribution

On Thursday, decentralized infrastructure project Human Protocol said it was launching a new blockchain coordination layer to handle routing functionality among third-party vendors to power data contribution on the network. The feature, known as Routing Protocol, sits atop Human to enable the discovery of network generators, fee agreements, consensus job standards, proof of balance, and governance support for network upgrades. The Human protocol started via an on-chain bot blocker called hCaptcha that would reward users for solving CAPTCHAs and gradually became a broader solution for tokenizing contribution. Human expects the…

Bitcoin.com Simplifies Cryptocurrency Payments, Enhances Data Sovereignty With Unstoppable Domains Partnership – Press release Bitcoin News

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press release In partnership with Unstoppable Domains, Bitcoin.com is making it easier than ever to use cryptocurrency as a payment method. Users of the multichain Bitcoin.com Wallet can now send cryptocurrency to the full range of domains offered by the blockchain-based domain provider. This means, for example, that people can send bitcoin to a human-readable address like ‘elizabeth.crypto’ rather than to the long and complicated wallet addresses that are native to the Bitcoin protocol (eg. bc1qar0srrr7xfkvy5l643lydnw9re59gtzzwf5mdq). “Cryptocurrency is a powerful force for creating economic freedom in the world, but adoption…

Data points to a Bitcoin bottom, but one metric warns of a final drop to $14K

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“When will it end?” is the question that is on the mind of investors who have endured the current crypto winter and witnessed the demise of multiple protocols and investment funds over the past few months. This week, Bitcoin (BTC) once again finds itself testing resistance at its 200-week moving average and the real challenge is whether it can push higher in the face of multiple headwinds or if the price will trend down back into the range it has been trapped in since early June. According to the most recent newsletter…

Bitcoin Turns Bullish, Attempts to Reclaim the 200 Week MA Ahead of Inflation Data from EU, UK, Canada, Japan This Week

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Summary: Bitcoin has gained value from roughly $21.3k during the weekly close to a local high of $22.5k. Bitcoin is trading directly below the critical 200-week moving average, which has marked market bottoms in past bear markets. BTC gaining in the crypto markets comes at a time when the United States posted its highest inflation in 40 years at 9.1%. New Zealand has also announced record-breaking inflation, with the EU, UK, Canada, and Japan expected to announce their CPI this week. Bitcoin has had an eventful 24 hours, having broken…

Bitcoin ready to attack key trendline, says data as BTC price holds $20K

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Bitcoin (BTC) consolidated higher on July 16 after the Wall Street trading week finished with modest gains for United States equities. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Can Bitcoin bulls reclaim the 200-week moving average? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging between $20,500 and $21,000 into the weekend. The pair thus preserved the majority of its comeback from the week’s lows, these following shock U.S. inflation data and sparking weakness across risk assets. Now, out-of-hours trading meant that the classic scenario of breakouts and fakeouts on…

How Web3 Will Aid in a New Era of Credential Data Ownership and User Empowerment

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The first thing that comes to mind when thinking of Web3 might be the likes of NFTs, the metaverse or blockchain technology. Although all of these concepts do fall under the umbrella that is Web3, additional features such as credential data networks also fit into the picture, which play an integral part in the progression of Web3. Back to Basics The current structure of the internet (as we know it today), often labelled as Web2, allows for user-generated content to be posted on a number of different channels. As opposed…

Data transfer network Plaid integrates 4 major crypto exchanges

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United States data transfer network Plaid has added four major cryptocurrency exchanges to its platform, giving users the ability to connect their digital asset portfolios to other applications more easily.  Crypto platforms Binance.US, Gemini, Robinhood and SoFi are now supported by the Plaid network, the company announced Thursday. Support for additional platforms, such as Blockchain.com and BitGo, is scheduled to commence later this year. We now support leading digital asset exchanges on the Plaid network, including @BinanceUS, @Gemini, @Robinhood & @SoFi with plans to support additional crypto providers like @Blockchain…