Bitcoin mining companies outperformed BTC price by a huge margin amid the recent bullish price action in the top cryptocurrency. The average year-to-date gains in 2023 across the stocks of top nine public Bitcoin mining firms by market capitalization stood at 257.14%. The figure is almost three times higher than BTC’s gain in the same period. The higher gains represent the leveraged beta effect that mining stocks enjoy. Leveraged beta suggests that during Bitcoin upside, these stocks outperform. Whereas, when Bitcoin slumps, they face deeper downside risk. Due to a…
Tag: Data
Scientists created a crypto portfolio management AI trained with on-chain data
A pair of researchers from the University of Tsukuba in Japan recently built an AI-powered cryptocurrency portfolio management system that utilizes on-chain data for training, the first of its kind according to the scientists. Called CryptoRLPM, short for “Cryptocurrency reinforcement learning portfolio manager,” the AI system utilizes a training technique called “reinforcement learning” to implement on-chain data into its model. Reinforcement learning (RL) is an optimization paradigm wherein an AI system interacts with its environment — in this case, a cryptocurrency portfolio — and updates its training based on reward…
ICO submits Data protection and journalism code of practice to the Secretary of State
The Information Commissioner’s Office (ICO) has published a code of practice about using personal information for journalism (the code), and formally submitted it to the Secretary of State at the Department for Science, Innovation and Technology. The code provides practical guidance on how to comply with data protection law and good practice when personal information is used for journalism. We also published reference notes to support the code, containing more information about the legislation and case law examples. The code is limited to the ICO’s regulatory remit for data protection…
Binance, Coinbase and Gemini staff are among the least happy, data suggests
Crypto exchanges including Gemini, Binance and Coinbase are home to some of the least happy employees in the industry, according to data derived from Glassdoor — though some argue the results may be skewed. A quadrant chart by tech recruitment firm TrueUp — understood to have collated data from job review platform Glassdoor — mapped out how crypto firms stack up when it comes to employee happiness versus growth. 27 of the most valuable cryptocurrency firms were placed on TrueUp’s quadrant chart. A chart depicting the happiest, least happy workers…
Binance Labs Leads AI-Backed Blockchain Data Startup Web3Go $4M Funding Round
Web3Go, a blockchain company offering data tools backed by artificial intelligence (AI), has raised $4 million in a seed round led by Binance Labs with participation from HashKey Capital, NGC, Shima Capital, IVC, LIF, Big Brain Holdings and Archerman Capital, according to a press release. Source
The Digital Euro Isn’t a Threat to Data Privacy
As such, the ECB is looking to replicate some cash-like features, like paying offline or not needing a bank account. But in designing these experiences there will be a choice on what are the limit above which identify verifications are needed. And, to advance anti-money laundering goals, the limits are likely to end up lower than those that we de facto have with cash. If the digital euro gradually replaces cash payments, some of the privacy of cash will be sacrificed. Original Source dataDigitalEuroIsntPrivacyThreat CryptoX Portal
Crypto Protocol Axiom Retrieves Historical Ethereum Data, Runs Computations, Relies on ZK Proofs
In Axiom’s vision, ZK proofs will be used for such authentication processes. Machine learning algorithms, some of which train themselves to generate images or text based on prompts, will be able to run off-chain, but when ZK proofs bring their results on-chain, users and smart contracts will be able to check where and how a piece of online content was generated. Source
Chainlink ‘Proof of Reserve’ Proves Little Beyond Data Going In, Coming Out
Archblock (previoustly TrustToken), the company behind the U.S. dollar-backed TrueUSD (TUSD) stablecoin, uses Chainlink to prove that each of its TUSD tokens is backed by a dollar in reserves. Instead of self-attesting to its reserves, it reports them to Chainlink’s oracles via The Network Firm, a third-party accountant. Source
Bitcoin outperformed popular assets in H1 2023, data shows
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin (BTC) outperformed other popular financial instruments and markets, including NASDAQ and the S&P 500, during the first half of 2023. Amidst regulatory uncertainties across various jurisdictions, gloomy market conditions brought about by the FTX scandal of 2022, and other high-profile bankruptcies, the latest research data show that bitcoin (BTC), the world’s leading cryptocurrency outperformed other financial vehicles during the first half of 2023. Data shows that in the first half of 2023, Bitcoin increased by…
Bitcoin’s BRC-69 standard eliminates data limit for Ordinals
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin Ordinals, often called bitcoin’s (BTC) version of NFTs, are experiencing a significant surge as a new token standard, BRC-69, was launched on July 3. The latest standard brings an innovative solution to reduce the time and cost of making inscriptions on the bitcoin blockchain. Until now, Ordinals had a 4-megabyte limit on what could be inscribed on bitcoin. However, the introduction of BRC-69 aims to overcome this limitation through a mechanism called “recursive inscriptions.” This…