Tag: Data

BTC Back Above $40,000 Following Record U.S. Inflation Data – Market Updates Bitcoin News

boss

Bitcoin and ETH both fell below key price levels on Tuesday, as crypto bears continued to push prices lower. Despite this, both have now regained these levels following news that U.S. inflation rose to a record 8.5% year-over-year. Overall, cryptocurrency markets were down 1% as of writing. Bitcoin BTC dropped below its key level of $40,000 earlier in today’s session, as recent losses in value continued to mount. Following a high above $42,000 to start the week, BTC/USD fell to an intraday low of $39,373.06 on Tuesday. This is the…

Bitcoin price drops to $39K, but data shows leverage traders dreaming of $50K

boss

On April 11, Bitcoin (BTC) dropped to $40,500, reaching a crucial level that erased the gains from the previous three weeks when the price peaked at $48,200 on March 28. According to analysts, the United States Federal Reserve balance sheet reductions are adding pressure to stocks and risk assets, with Bitcoin standing to lose appeal. Decentrader co-founder filbfilb agreed with these powerful headwinds by arguing that the Fed’s action could influence the BTC price trend “for months to come.” Bitcoin reacted unfavorably to a resurgent dollar, with the U.S. dollar…

On-chain Data Suggests Bitcoin Miners Were Behind The Selloff

boss

On-chain shows Bitcoin miner outflows have been elevated recently, suggesting miners were involved in the recent selloff that took the price of the crypto below $42k. Bitcoin Miner Outflows Spiked Up Before The Crash Below $42k As pointed out by an analyst in a CryptoQuant post, BTC miners seem to have been one of the sellers behind the price drop to $42k. The relevant indicator here is the “miner outflow,” which measures the total amount of Bitcoin exiting wallets of all miners. When the value of this metric spikes up,…

GAIMIN Delivers a Decentralized Approach to the Increasing Requirement for More Data Processing Power – Sponsored Bitcoin News

boss

sponsored With the current concerns around global energy usage, combined with increasing requirements for data processing services, many countries previously supportive of centralized data processing businesses are investigating the impact of these businesses and how they mitigate a requirement for continuous energy distribution to all sectors – commercial and private. Data processing services consume large amounts of energy in a localized physical space. The combination of energy consumption and physical footprint expansion is impacting the continuous and uninterrupted distribution of energy creating an unsustainable demand from both the commercial and…

Compute North Reveals Bitcoin Miner Is Building a 300 MW Data Center in Texas – Mining Bitcoin News

boss

The bitcoin mining operation Compute North has announced it is in the midst of constructing a 300-megawatt (MW) data center in Granbury, Texas. According to the mining firm, the data center located near Wolf Hollow Power Plant will be scalable up to 600 MW going forward. 300 MW of Capacity to Start, 600 MW in the Future On April 8, the blockchain infrastructure and hosting services provider Compute North announced the launch of a new 300-MW bitcoin mining facility in Texas. The TIER 0 data center will be located near…

Bitcoin price drops to $43.5K, but data and BTC’s market structure project strength

Bitcoin (BTC) has been struggling to break the $47,000 resistance and even with April 6’s drop below $44,000, there is still mounting evidence that the market structure is healthy.  On Dec. 3, 2021, Bitcoin initiated a 25.6% correction that lasted 18 hours and culminated with a $42,360 low. Four months later, the price remained 18% below the $56,650, closing on Dec. 2, 2021. Much has changed over that period, and hard evidence comes from other sections of the sector. Between February 15 and April 2, 2022, enterprise software development firm…

Shopify facing another lawsuit from crypto holders over Ledger data breach

boss

Global e-commerce platform Shopify and hardware wallet maker Ledger face a major legal hurdle as a group of Ledger users have filed a class-action lawsuit for its part in failing to prevent a massive data breach in 2020. The suit was filed in the U.S. District Court of Delaware on Apr. 1 and alleges that Shopify “repeatedly and profoundly failed to protect its customers’ identities.” Shopify and its third-party data consultant TaskUs are being held responsible by complainants for leaking personally identifiable information (PII) of Ledger buyers despite marketing promises…