Tag: Data

Web3 Data Ecosystem Pocket Network Adds Support for the Fantom Blockchain

The Web3 blockchain data ecosystem Pocket Network adds support for the Fantom blockchain, allowing developers to mint Fantom RPC endpoints for their applications directly from Pocket Portal, earning $POKT tokens. Remote Procedure Call is a software communication protocol that one program can use to request a service from a program located on another computer on a network without having to understand the network’s details. RPC is used to call other processes on the remote systems like a local system. Pocket Network is a blockchain data platform built for applications that…

Russian Law Enforcement Submits Proposals to Regulate Seizure of Crypto Assets, Data Sharing – Regulation Bitcoin News

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Russian Ministry of Finance has accepted a number of crypto regulatory proposals submitted by the country’s law enforcement departments. They cover a range of related areas, including the seizure of digital assets and the reporting of information on cryptocurrency transactions. Finance Ministry of Russia Backs Regulations Proposed by Law Enforcement Agencies Russia’s Ministry of Finance (Minfin) has supported some regulatory ideas regarding cryptocurrencies put forward by the nation’s law enforcement services, the daily Izvestia unveiled this week. The ministry is responsible for drafting the legislation that will introduce comprehensive rules…

Russian security agency wants exchanges to share data with crime investigators

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Russia’s Federal Security Service (FSB) and the Ministry of Internal Affairs (MVD) have submitted their review notes on the forthcoming “crypto bill,” developed by the country’s Finance Ministry. Law enforcement agencies push for requiring crypto firms to share transaction data with investigators and for clarifying the terms on which digital assets can be seized.  On April 28, local newspaper Izvestia reported on the content of the review notes that the security service and police ministry filed to the Finance Ministry’s draft of the bill “On digital currency”. Some of the propositions were…

Purpose Bitcoin ETF adds 1.1K BTC as data hints investors want to ‘buy the dip’

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The world’s first Bitcoin (BTC) spot price exchange-traded fund (ETF) is buying BTC again after a month of selling. Data from on-chain monitoring resource Coinglass confirms that on April 27, Canada’s Purpose Bitcoin ETF added 1,132 BTC to its holdings. Data: Buy the dip interest “skyrocketing” Despite fears that Bitcoin is not yet done with its sell-off, an about turn at Purpose hints at increasing institutional demand. Beginning March 28, when BTC/USD traded above $48,000, Purpose began reducing its exposure, which at the time totaled 36,321 BTC. Wednesday’s increase is…

Bitcoin’s Derivative Data Suggests Potential for ‘Short Squeeze’

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Most of these could be short positions, according to data tracked by Laevitas shows the funding rate – the cost of holding long/short perpetual futures positions – has been consistently neutral-to-negative in recent weeks. A negative funding rate means shorts are paying longs to keep the bearish position open. In other words, the market is skewed bearish. That’s also evident from the depressed futures premium, also known as the basis, on major exchanges, including the Chicago Mercantile Exchange, a proxy for institutional activity. The three-month premium recently slipped to 1.1%…

Ethereum on-chain data hints at further downside for ETH price

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Analyzing Ether’s (ETH) current price chart paints a bearish picture, which is largely justified by the 11% drop over the past month, but other traditional finance assets faced more extreme price corrections in the same period. The Invesco China Technology ETF (CQQ) is down 31% and the Russell 2000 declined by 8%. Ether price at FTX, in USD. Source: TradingView Currently, traders fear that losing the descending channel support at $2,850 could lead to a stronger price downturn, but this largely depends on how derivatives traders are positioned along with…

Glassnode Data Shows A Bullish Bitcoin Crossover Has Recently Occurred

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Data from Glassnode reveals a crossover in the Bitcoin NVT price model has recently taken place, something that has historically been bullish for the crypto’s price. Bitcoin NVT Price 28-Day Curve Has Crossed Above The 90-Day As per the latest weekly report from Glassnode, the BTC NVT price model has observed a bullish formation recently. NVT stands for “Network Value to Transaction.” The NVT ratio is an indicator that measures the ratio between the Bitcoin market cap and the network transaction volume. Generally, high values of the ratio suggest that…

Report Says Binance Shared Client Data With Russia, Crypto Exchange Denies Allegations – Exchanges Bitcoin News

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Cryptocurrency exchange Binance has been accused in a media report of agreeing to provide user data to Russia’s financial watchdog. The trading platform has refuted the allegations. It also insists it’s complying with Western sanctions imposed over Moscow’s invasion of neighboring Ukraine. Binance Consented to Russian Request for Customer Info, Reuters Claims in ‘Special Report’ Binance, the world’s leading digital asset exchange, has agreed to hand over customer data to Russia’s financial intelligence agency, a report by Reuters suggests. The article refers to messages allegedly sent by Binance’s regional head…

While Apecoin Reaches New Price Highs, Data Shows Top 100 APE Holders Control 52% of the Supply – Bitcoin News

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During the last two weeks, statistics show the new crypto asset dedicated to the Bored Ape Yacht Club community (BAYC), apecoin (APE), has climbed more than 50% against the U.S. dollar. A few days ago, apecoin tapped an all-time high at $17.30 per unit and the crypto asset is now the 32nd largest in terms of market capitalization among 13,691 other cryptocurrencies. Data also shows out of the 48,570 APE holders, there’s a large concentration of apecoin whales. A Large Concentration of Apecoin Whales The BAYC-infused apecoin (APE) has been…