Tag: Data

Crypto market rebounds on soft CPI data

Crypto markets jumped on June 12 after U.S. CPI numbers for May came in flat, fueling expectations for promising inflation data.   U.S. Consumer Price Index (CPI) data was unchanged last month, down from 0.3% in April. The year-over-year (YoY) CPI also dropped from 3.4% in April to 3.3% in May, besting predictions that data would remain the same.  Core CPI YoY levels declined from 3.6% to 3.4% last month, the lowest rate since April 2021. The general consensus estimated a 3.5% point for this index.  Following the improved data, the…

Russian Bitcoin mining supplier to spend over $130m on AI data centers: report

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Russia’s crypto mining equipment supplier Intelion is reportedly considering an investment of over $130 million to develop AI data centers. Moscow-headquartered crypto mining supplier Intelion is planning to spend up to 12 billion Russian rubles (over $130 million) on purchasing server equipment to build artificial intelligence (AI) data centers, Russian media RBC reports, citing Intelion Cloud head Maxim Vyaznikov. As per the report, Intelion, which also operates a branch in Dubai, already possesses servers equipped with Nvidia’s A100 chips, despite a 2022 U.S. Department of Commerce ban on the sale…

Is Ethereum Price Under Pressure? Here Is What Futures Data Signals

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Recent data from CryptoQuant has revealed a bearish phase for Ethereum (ETH), as futures traders exhibit strong selling activity. The crypto community closely monitors these developments, especially with Ethereum struggling to hold above the $3,500 mark, adding tension to an already volatile market. Related Reading Ethereum Market Sentiments And Technical Indicators Data from CryptoQuant has shed light on the current market conditions for Ethereum, suggesting a potential continuation of the current downtrend. The analysis focuses on the ‘Taker Buy Sell Ratio,’ a key indicator of market sentiment in the futures…

ICO to investigate 23andMe data breach with Canadian counterpart

The Information Commissioner’s Office (ICO) and the Office of the Privacy Commissioner of Canada (OPC) have launched a joint investigation into the data breach that happened in October 2023 at the global direct-to-consumer genetic testing company 23andMe.  UK Information Commissioner John Edwards and Privacy Commissioner of Canada Philippe Dufresne will investigate the 23andMe breach jointly, leveraging the combined resources and expertise of their two offices.  23andMe is a custodian of highly sensitive personal information, including genetic information which does not change over time. It can reveal information about an individual…

BTC’s ‘Strange’ Session: Economic Data, Roaring Kitty Livestream Drive Market Fluctuations, Says QCP Capital

Following bitcoin’s dip in price, QCP Capital highlighted a “doubly strange session” overnight, driven by unexpected economic data and a widely viewed Roaring Kitty livestream. Analysts Highlight Market Chaos Following Bitcoin Dip and Gamestop Decline Three days ago, Singapore-based QCP Capital envisioned a new bitcoin (BTC) all-time high in June. At the time, the firm’s […] Source CryptoX Portal

Coingecko Data Breach Affects Nearly 2 Million Users

Coingecko experienced a data breach on June 5, compromising the personal information of nearly 2 million users. The breach occurred through its third-party email platform, Getresponse. Third-Party Email Platform Breach Hits Coingecko On June 5, 2024, Coingecko detected unusual activity on its third-party email marketing platform, Getresponse. An attacker had compromised a Getresponse employee’s account, […] Source CryptoX Portal

Bitcoin (BTC) Price Compressed Below $72K, But Dovish Fed Amid Soft U.S. Data, Global Rate Cuts May Bring All-Time Highs

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The big question going forward is if the U.S. Federal Reserve might join the rate cutting trend, and while some members of that central bank have suggested any monetary easing could be a 2025 story, recent data has shown softening in both inflation and economic growth. Tomorrow will bring the government’s May employment report and a weak read could boost the odds of an imminent Fed rate cut. Original

Dogecoin Under The Microscope – Data Points To Rebound

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Dogecoin, the Shiba Inu-themed cryptocurrency that took the internet by storm in 2021, has been on a rollercoaster ride in recent weeks. After a week of corrections, DOGE seems to be clawing its way back, and some analysts believe it might be gearing up for a repeat of its past successes. Related Reading Echoes Of Bull Runs Past Hope for Dogecoin hinges on a recently identified trend mirroring its behavior in 2016 and 2020. Back then, a similar price pattern preceded significant bull runs that propelled DOGE to new heights.…

Crypto fraud cases spike year-over-year: Hong Kong data

Hong Kong police have officially disclosed a significant increase in the use of cryptocurrencies in fraud activities between 2022 and 2023. Since mid-2023, Hong Kong has become a favorable location for cryptocurrency trading, supported by a systematic regulatory framework. This distinguishes it from mainland China, where all crypto trading has been banned since December 2021. Hong Kong police data show that the number of crimes involving virtual assets has increased sharply from 2,336 cases in 2022 to more than 3,415 cases in 2023, involving a total amount of HK$4.3 billion,…

Aptos (APT) Integrates Chainlink’s CCIP and Data Feeds to Boost Decentralized App (Dapp) Development

“Joining the Chainlink SCALE program will empower developers on Aptos with new and increased access to Chainlink services, expanding the toolkit of resources on Aptos available to help them build secure, scalable, and fully-featured dApps” said Bashar Lazaar, grants and ecosystem lead at Aptos Foundation, the ecosystem development organization supporting Aptos. Source