Tag: Data

Wall Street Journal corrects article misciting Hamas’ crypto terrorism funding data

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The Wall Street Journal (WSJ) has partially corrected an article whic mischaracterized the extent to which Hamas and other militant groups have been funding its terrorism activities with cryptocurrencies. The Oct. 10 article — titled “Hamas Militants Behind Israel Attack Raised Millions in Crypto” — cited blockchain forensics firm Elliptic to say Palestinian Islamic Jihad (PIJ), a terrorist organization operating on the Gaza Strip, raised as much as $93 million between August 2021 and June 2023. In the cited report, Elliptic said Israel’s counter-terrorism unit seized PIJ-linked wallets which received…

Bitcoin On-Chain Data Points To Bullish Outlook, But There’s A Catch

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Santiment, a leading blockchain intelligence platform, has recently provided insights pointing to a favorable short-term scenario for Bitcoin (BTC). However, according to other signals that seem ‘hidden,’ there’s a catch. These on-chain metrics can serve as the north star for investors looking to strategize their next steps. However, according to another metric, though recent revelations by Santiment might hint at continued positive momentum for Bitcoin, there’s also a possible contrary move that could play out. Bitcoin Sentiments Bullish On-Chain Indications Santiment’s recent post revealed a positive narrative for BTC’s immediate…

Kraken to start sharing user data with IRS

Cryptocurrency exchange Kraken will share selected user information with the IRS starting from the next month. According to The Block, the decision comes after it was ordered by a court order received in June. “Kraken expects to share this information covered by the court’s order in early November 2023.”  The Block The IRS and Kraken battle began in May 2021 when a US federal court allowed the tax agency to serve a John Doe summons on the cryptocurrency exchange and its subsidiaries in an attempt to catch tax evaders. The IRS…

Ethereum’s Dencun Upgrade Will Increase Data Availability for Layer-2 Rollups : Goldman Sachs

Proto-danksharding will also “serve to set the scaffolding for future scalability upgrades, including danksharding, as part of the blockchain’s ‘Surge’ roadmap,” the report said. Danksharding is a way of making Ethereum more scalable, and applies the same concept of splitting the network into shards, but instead of using these shards to increase transactions, it uses them to increase space for groups of data. Source

data experts peer into the future

At the 2023 European Blockchain Convention, a panel of data experts discussed strategies for gaining insights into the crypto market. The panel, titled “The Data-Driven Investor: Strategies for Crypto Market Intelligence,” featured Elliot Garreffa of AddZest, Lars Bakke Krogvig of Nansen, and Ambre Soubiran of Kaiko. The panelists emphasized the importance of both on-chain and off-chain data sources for understanding crypto market dynamics. According to Soubiran, combining centralized exchange data on order books and trading volumes with blockchain analytics provides a more complete picture. She highlighted liquidity data as being…

Bitcoin price chases after $35K as BTC derivatives data signals fresh inflow

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Bitcoin’s (BTC) price action is the talk of the town this week, and based on the current sentiment expressed by market participants on social media, one could almost assume that the long-awaited bull market has started. As Bitcoin’s price rallied by 16.1% between Oct. 22 and Oct. 24, bearish traders using futures contracts found themselves liquidated to the tune of $230 million. One data point that stands out is the change in Bitcoin’s open interest, a metric reflecting the total number of futures contracts in play. The evidence suggests that…

XRP Price Confirms Early Stages Of Bull Market? Data Sheds Light On Recent Rally

Volatility is back in the crypto market as the XRP price and the price of other major cryptocurrencies trend to the upside and into new year highs. The cryptocurrency is heading towards its next resistance level with a high chance of As of this writing, the XRP price trades at $0.57, with a 9% increase in the last 24 hours. The cryptocurrency recorded a 16% spike in the previous seven days and closely followed Bitcoin and Ethereum’s price action, which recorded a 22% and 16% profit over the same period.…

Chainlink (LINK) Price Tops $10 Amid Profit-Taking Signal From Rising Inflows to Crypto Exchanges, Blockchain Data Suggests

The token’s price rallied about 9% in the past 24 hours, hitting $11 after trading sideways within roughly $5 and $9 range since May 2022. It has since given up some of its gains but has still managed to advance 43% over the past month, making it one of the best gainers among the large-cap digital assets, CoinDesk data shows. Source link

New data poisoning tool would punish AI for scraping art without permission

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Researchers at the University of Chicago have developed a tool that gives artists the ability to “poison” their digital art in order to stop developers from training artificial intelligence (AI) systems on their work.  Called “Nightshade,” after the family of plants, some of which are known for their poisonous berries, the tool modifies images in such a way that their inclusion contaminates the datasets used to train AI with incorrect information. According to a report from MIT’s Technology Review, Nightshade changes the pixels of a digital image in order to…