Tag: Data

Bitcoin derivatives data suggests BTC price holds the current range

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Bitcoin (BTC) experienced a 5% increase after testing the $25,000 support level on Sept. 11. However, this breakout rally doesn’t necessarily indicate a victory for bulls. To put today’s price action in perspective, BTC has witnessed a 15% decline since July. In contrast, the S&P 500 index and gold have maintained relatively stable positions during this period.  This underperformance demonstrates that Bitcoin has struggled to gain momentum, despite significant catalysts such as Microstrategy’s plan to acquire an additional $750 million worth of BTC and the multiple requests for Bitcoin spot…

Bitcoin data highlights 3 key reasons why investors don’t care about BTC price

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Much has been made of Bitcoin’s (BTC) poor price action as of late, with many analysts making the case for further bearish momentum in the weeks ahead. Yet it wasn’t too long ago that many investors and crypto pundits were raving about some note-worthy fundamental metrics that were, and continue to be, quite bullish. Let’s take a look at three Bitcoin metrics that bulls might keep in mind. Bitcoin’s hashrate hovers near a record high Bitcoin’s hashrate, a metric which shows the amount of computing power dedicated to mining BTC,…

Eight exchanges handle 90% of crypto trading, Kaiko data shows

The majority of digital asset trading around the world is handled by just eight cryptocurrency exchanges, according to an analysis by Kaiko. The study revealed that only eight crypto exchanges handle 90% of the global crypto trading volume and hold as much as 92% of the market depth. 🔔Introducing: The #Crypto Liquidity Concentration Report 👉 90% of liquidity is concentrated on just 8 exchanges👉 liquidity has become more concentrated over time👉 Binance accounts for 30% of global depth and 64% of volume Check it out:https://t.co/kInbfgGGkW — Kaiko (@KaikoData) September 8,…

AI token trading volume stagnant despite Worldcoin buzz – Kaiko data

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While the debut of Worldcoin drew attention to artificial intelligence-powered tokens(AI-tokens), recent trading data from Kaiko indicates that these AI tokens have shown resilience despite the controversy surrounding Worldcoin’s launch. According to recent Kaiko data, the trading volume of AI-related tokens remained stagnant during the past month. The examination revealed a moderate increase in the trading volume of AI tokens last month, reaching approximately $870 million, up from $570 million at the close of July. Nevertheless, when compared to the volume at the beginning of the year, there was a…

ICO to review period and fertility tracking apps as poll shows more than half of women are concerned over data security

The poll was conducted by Savanta. Savanta surveyed 1,152 UK women aged 18+ between 1-3 September 2023. Data was weighted to be representative by age, gender, region, and social grade. Savanta is a member of the British Polling Council and abides by its rules. Respondents were asked the follow questions: Q1. Have you ever used an app to track any of the following [select all that apply]? a. To track your periodb. To prevent a pregnancyc. To plan a pregnancyd. None of these Results of note: 34% of women (395)…

Bitcoin short-term holders capitulate as data highlights potential generational buying opportunity

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Bitcoin’s price action suggests that the asset remains in a precarious position, and a recent report from ARK Invest says that short-term Bitcoin investors had no choice but to capitulate in August, as the percentage of Bitcoin supply in profit fell by 14 percentage points.  Bitcoin market sentiment and monthly valuation change in August. Source: ARK Invest Although many traders view significant price dips as buying opportunities, at this point in the Bitcoin (BTC) halving cycle, a notable bearish move was Bitcoin’s price falling below its 200-week moving average (MA) for the first…

OpenAI and Microsoft accused of stealing data to train ChatGPT in new class action suit

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OpenAI and Microsoft have been named as the defendants in yet another class action lawsuit over their alleged use of web scraping techniques to obtain supposedly private data for the use of training ChatGPT and other associated artificial intelligence models.  The most recent class action suit was filed on Sep. 5 in San Francisco by a law firm representing a pair of unnamed engineers. According to a filing registered with the United States District Court, Northern District California: “This class action lawsuit arises from Defendants’ unlawful and harmful conduct in developing,…

US Treasury Yield Climbs as Investors Analyze Key Economic Data

The mixed economic data that has emerged is at the root of the uncertainty surrounding the Fed’s monetary policy. A recent report has revealed that the US Treasury yields are currently on the rise as investors analyze key economic data released the previous week. This surge has prompted investors to contemplate what lies ahead for the nation’s economy. The Morning Surge in US Treasury Yield At 4 a.m. Eastern Time, the yield on the benchmark 10-year Treasury note had reportedly risen by more than four basis points to reach 4.2182%.…

Bitcoin futures data hints at $22K as the next logical step

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A Bitcoin (BTC) price correction down to $22,000 is becoming increasingly likely as BTC derivatives have begun to exhibit bearish tendencies. The price chart of Bitcoin leaves little doubt that investor sentiment worsened after the much-hyped victory by Grayscale Asset Manager against the U.S. Securities and Exchange Commission (SEC) on Aug. 29 and the postponement of multiple spot BTC exchange-traded fund (ETF) requests by the SEC.  The central question remains whether the prospects of an ETF can outweigh the growing risks. Spot Bitcoin ETF hype is fading By Aug. 18, the entire…

StarkWare, Herodotus launch tech to verify data from any point in Ethereum’s history

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A new zero-knowledge proof (ZK-proof) technology is set to improve the ability to access and verify historical data from the Ethereum blockchain, with deep chain validation cited as a usability barrier of the network. Technology firm Herodotus has released its on-chain accumulator, which uses storage-proof cryptography, allowing users to verify data from any point of Ethereum’s blockchain without needing a third party. The solution makes use of StarkWare’s STARK proofs, the ZK-proof technology co-invented by mathematician Eli Ben-Sasson. StarkWare presented Herodotus with a custom-built instance of its shared prover service SHARP,…