Tag: Data

Bitcoin Mining Now Most Sustainably-Powered Global Industry: Data

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Data shows that the Bitcoin mining sector has become the most sustainably-powered global industry, as more than 50% of it uses clean energy. Majority Of Bitcoin Mining Industry Uses Clean Energy Sources One of the main criticisms against BTC is that the sector uses a considerable amount of energy and, thus, releases a notable amount of emissions. Things appear to be developing for the better and quite fast. In a new post on X, the co-founder of CH4Capital, Daniel Batten, has shared a few charts that look into the sustainability…

Crypto firm claiming $1.4B in trades on CMC flashes reportedly fake license data

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A number of cryptocurrency platforms reporting billions of dollars in daily trades on CoinMarketCap appear to have been misleading their customers about holding certain crypto licenses, an investigation by Cointelegraph has found. Bitspay, a crypto exchange that reports a $1.4 billion daily trading volume on CoinMarketCap, claimed it held a license in Estonia, and is regulated under Estonian law. However, after Cointelegraph reached out with questions about this license, the company swiftly erased its reportedly fake license data. At the time of writing, Bitspay is the fourth-largest crypto exchange by…

North Korean Lazarus Group amasses over $40M in Bitcoin, data reveals

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North Korean hacking collective Lazarus Group holds a whopping $47 million in cryptocurrency, most of which is in Bitcoin (BTC), new data shows.  According to data collated on Dune Analytics from 21.co — the parent company of 21Shares — wallets associated with the Lazarus Group currently hold around $47 million worth of digital assets, including $42.5 million in Bitcoin, $1.9 million in Ether (ETH), $1.1 million in Binance Coin (BNB) and an additional $640,000 in stablecoins, primarily BUSD. However, the amount of crypto held appears to have dropped from the…

Coinbase holds 5% of all Bitcoin in existence: Data

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Blockchain intelligence platform Arkham recently identified that crypto exchange Coinbase holds almost 1 million Bitcoin (BTC) in its wallets. The coins are worth more than $25 billion at current market prices for BTC.  According to Arkham, the exchange’s holdings amount to almost 5% of all Bitcoin that currently exists. Arkham said that Coinbase currently holds a total of 947,755 BTC. At the moment, Bitcoin’s circulating supply is around 19,493,537, according to coin information website CoinGecko. Arkham has now identified $25B of Coinbase Bitcoin reserves (~1M BTC) on chain. This makes Coinbase…

Google Cloud adds 11 blockchains to data warehouse ‘BigQuery’

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Google Cloud’s BigQuery service just added 11 blockchains networks to its data warehouse, according to a September 21 blog post. The new networks include Avalanche, Arbitrum, Cronos, Ethereum Görli testnet, Fantom, Near, Optimism, Polkadot, Polygon mainnet, Polygon Mumbai testnet, and Tron. We’re enhancing our #blockchain data offering with 11 new chains in #BigQuery, and we’re also making improvements to our existing datasets, so they are more precise, accurate, and reliable. Learn more ↓https://t.co/fNFJiHSJBO — Google Cloud (@googlecloud) September 21, 2023 BigQuery is Google’s data warehouse service. Enterprise firms can use…

Google Cloud Pushes Deeper Into Blockchain Data, Adding 11 Networks Including Polygon

“Over the past 18 months we’ve been investing in this space, we’ve continued to hire, we’ve continued to grow not only our business development and our go-to-market teams but also our product and engineering capabilities,” James Tromans, global head of Web3, Google Cloud, told CoinDesk TV in an interview last week. “We’re really beginning to show that we’re not just fly-by-night and not just here when the time is going well.” Source

Nansen third-party vendor suffers security breach, user data affected

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The prominent crypto and blockchain analytics company Nansen posted on social media platform X that one of its third-party vendors suffered a security breach that affected 6.8% of its users.  According to Nansen, the breach gave hackers access to admin rights for an account used to “provision customer access” to its platform. Important update from us at Nansen. Please take a moment to read this. pic.twitter.com/syKE0sNnC6 — Nansen (@nansen_ai) September 22, 2023 Without directly naming the company affected, it said this vendor is “an established company that is used by…

Is Cardano (ADA) The Worst Investment Of 2023? Here’s What The Data Says

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Over the years, Cardano (ADA) has grown to be one of the most beloved cryptocurrencies, securing its spot as one of the top 10 largest cryptocurrencies by market cap in the process. However, while the Cardano network has grown tremendously, investors in its native ADA token have not been as lucky with profitability levels plummeting over the last two years. How Many ADA Holders Are Seeing Profits? Data from the on-chain tracking website IntoTheBlock shows that ADA might be the worst performer of the top 10 in terms of profitability.…

Is The Bitcoin Dream Fading? Glassnode Data Reveals Newbies Facing Steep Losses

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Since its inception, Bitcoin, the preeminent cryptocurrency, has witnessed several market cycles, each with its highs and lows. Its volatile nature has recently tested investors’ mettle, especially those who ventured into Bitcoin in the past three months. Bitcoin Short-Term Holders’ Cost Basis Troubles New findings from analytics firm Glassnode have painted a detailed picture of the current scenario, revealing the challenges faced by short-term holders (STHs) of the premier cryptocurrency. STHs, defined by Glassnode as entities holding Bitcoin for 155 days or less, have recently felt the heat. The firm’s…

Tether acquires stake in Bitcoin miner Northern Data, hinting at AI collaboration

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The firm behind stablecoin Tether (USDT) has invested an undisclosed amount into German-based crypto miner Northern Data Group in a move backing artificial intelligence (AI) initiatives. In a Sept. 21 blog post, Tether said the strategic investment into Northern Data through Tether group company Damoon was intended to demonstrate “its determination to support emerging technology”, hinting at collaborations involving AI, peer-to-peer communications, and data storage solutions. The company denied a report from Forbes regarding a $420-million investment, but did not specify the exact amount when reached for comment. Cointelegraph also…