Tag: Data

Tether to start publishing data on USDT reserves in real-time

According to Tether’s new boss, the firm plans to bring the long-awaited update in the coming year. Stablecoin issuer Tether is set to start publishing real-time data on its reserves, a question that has been bothering the crypto community for years. In an interview with Bloomberg, Paolo Ardoino, Tether’s newly appointed chief executive, said the firm plans to disclose its reserves in 2024. However, no specific date was mentioned. Ardoino added that Tether wants to double down on tech investment and is talking with regulators about expanding into the renewable…

Polkadot’s Q3 treasury data shows 61% increase in expenditure

Polkadot’s Q3 2023 Treasury Report reveals a significant uptick in spending across research and development.  Polkadot’s latest Q3 2023 Treasury Report has unveiled a significant, 61 percent increase in its spending, with heavy investments in Research and Development. This increased spending could be the potential reason behind recent layoff rumors that have swept through organizations associated with Polkadot. Polkadot Treasury Report – 2023 Q3 Posted a new report to the forum! – Polkadot Governance spent 21m USD this year already 💵– New: Subcategories! Detailed view over spending buckets 🔎– OpenGov…

Google Data Reveals Surging Interest in Impending Bitcoin Spot ETF Launch

Many people across the globe are surfing the internet to understand the implications of the Bitcoin spot ETF approval and how they can maximize the benefits.  The buzz around the potential introduction of Bitcoin (BTC) into the mainstream financial sector through exchange-traded funds (ETFs) has gained the interest of everyday investors. According to insights from Google Trends, there has been an increased surge in searches related to the “spot Bitcoin ETF” for a five-year window, with the global search volume projected to hit a peak of 100 this week. Similarly,…

EU data protection regulators urge anonymity for smaller transactions in digital euro

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On Oct. 18, the European Data Protection Board (EDPB) and the European Data Protection Supervisor (EDPS) issued a joint opinion statement on the regulation of “digital euro,” proposed by the European Commission in July 2023. The regulators made several recommendations to enhance the personal data protection standards for the European central bank digital currency (CBDC).  The EDPB and EDPS suggest clarifying the proposed verification procedure for the maximum allowed amount of digital euro held by the individual account. The current draft allows the European Central Bank (ECB) and national central…

BNB Chain launches data storage solution Greenfield

The BNB Chain ecosystem has launched the mainnet of its highly anticipated Greenfield, marking a major milestone in decentralized data storage and management. Greenfield is a novel blockchain specialized for decentralized data storage that allows users to upload files and data, set customized access controls and store information redundantly across a decentralized network of storage providers. According to a recent announcement shared with crypto.news, Greenfield introduces a network architecture and economic model that gives users control over their data in Web3. Crucially, Greenfield data is not stored directly on the…

Google requests dismissal of AI data scraping class-action suit

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Big Tech player Google is seeking to dismiss a proposed class-action lawsuit that claims it’s violating the privacy and property rights of millions of internet users by scraping data to train its artificial intelligence models.  Google filed the motion on Oct. 17 in a California District Court, saying it’s necessary to use public data to train itsAI chatbots such as Bard. It argued the claims are based upon false premises that it is “stealing” the information that is publicly shared on the internet. “Using publicly available information to learn is…

EU Formally Agrees on New Crypto Tax Data Sharing Rules

“The directive will improve Member States’ ability to detect and combat tax fraud, avoidance and evasion, by requiring all EU-based crypto-asset service providers, regardless of their size, that they report transactions from customers residing in the EU,” the Commission said in a statement on Tuesday. Source

Bitcoin’s (BTC) Price Liquidity on Binance Crashed Amid BlackRock ETF Rumor, Data Show

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The 0.1% ask depth on Binance, a measure of buy-side liquidity, crashed to just 1.2 BTC ($30,000) from 100 BTC as volatility exploded after a false report of BlackRock’s (BLK) spot exchange-traded fund (ETF) approval circulated on social media. The leading cryptocurrency popped 7.5% to $30,000 in a knee-jerk reaction to the rumor, only to give up gains after BlackRock denied the report. Original

Chainlink Whales Moved Around $150M In LINK Before Latest Surge: Data

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On-chain data shows the Chainlink whales showed some high activity right before the latest surge in the cryptocurrency took place. Chainlink Whales Made Moves Before LINK’s 3% Surge As pointed out by an analyst in a post on X, whales and institutional investors have shown an increasing amount of activity recently. The relevant indicator is the “large transactions volume” from the market intelligence platform IntoTheBlock, which keeps track of the aggregate volume of Chainlink transactions larger than $100,000. Generally, the whales and institutional entities are the only investors capable of…