Tag: Data

Blackrock Unshaken Despite Recent Bitcoin Market Crash, Data Shows

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Northern Data reports 22% revenue increase in Q2 despite Bitcoin halving

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Northern Data announced that its revenue in the second quarter surged by 22%, defying expectations despite the impact of the Bitcoin halving. European Bitcoin (BTC) mining company Northern Data has rolled out its Q2 results published today, Aug. 6, boasting a 22% increase in revenue despite the challenges posed by the Bitcoin halving. The company reported Q2 revenue of €26 million, driven by performance from its cloud platform and investments in its data center footprint as well as mining facilities. Northern Data’s CEO Aroosh Thillainathan emphasized the company’s progress in…

DePIN and Machine Data Can Change Web3

Tokenizing machine data and bringing it on-chain is the next logical step in the evolution of DePIN. Imagine a data pool with machine data from public EV charging stations, each collecting data on charging power, the battery level of the EVs in the surrounding area or the current energy grid utilization. Builders in the energy sector have now all the information they need to build dApps that help to balance the electric grid, for instance by offering charging incentives to EV drivers with low battery if there is a surplus…

Will August Again Be A Drag For Bitcoin? Here’s What Historical Data Says

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Study: AI Success in Africa Depends on Availability of Local Language Data and AI Talent

According to the latest Global System for Mobile Communications (GSMA) study report, the success of artificial intelligence (AI) in Africa hinges largely on the availability of local language data and addressing the AI skills gap. The report urges African countries to prioritize investment in domain-specific and local language data. It also recommends adopting participatory approaches […] Source CryptoX Portal

Strong US GDP data puts Bitcoin, Jasmy, Avalanche recovery at risk

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Falling cryptocurrencies like Bitcoin, Jasmy, and Avalanche could face further downsides after the U.S. published strong gross domestic product and jobless claims data. Bitcoin (BTC) ‘s price retreated by almost 4% on Thursday and was trading at $63,950. Other altcoins, like JasmyCoin (JASMY) and Avalanche (AVAX), performed worse, falling by over 10%. The two have slipped for four consecutive days and are hovering at their lowest swings since July 14.  Bitcoin, Avalanche, Jasmy prices | chart by TradingView Most of this decline is likely because of the ongoing liquidation of…

Mt Gox Moves $2,470,000,000 Worth of Bitcoin (BTC) to Crypto Exchanges: On-Chain Data

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The bankrupt crypto exchange Mt Gox has been spotted moving billions of dollars worth of Bitcoin following the successful distribution of BTC to its creditors. On Tuesday, Dave Ripley, CEO of Kraken, which was selected to facilitate the transfer of coins back to creditors, announced that a successful distribution of BTC and Bitcoin Cash (BCH) had been completed. Shortly after, blockchain “de-anonymizing” platform Arkham spotted the movement of at least $2.47 billion worth of coins, much of which ended up in addresses linked to crypto exchange Bitstamp. Mt Gox still…

Mt. Gox Creditors Opt To HODL Bitcoin Rather Than Sell, CryptoQuant Data Shows

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Amid the recent recovery from a significant price correction of over 25% that sent the Bitcoin price to a 6-month low of $53,500, the largest cryptocurrency on the market has since recovered to trade in the $66,000 to $68,000 range despite the start of Mt. Gox creditor repayments.  Investors, buoyed by prospects of continued price appreciation, have adopted a HODL stance, opting to retain their assets rather than selling them off following the alleged hack suffered by the Bitcoin exchange in 2011. BTC Hodlers Stand Firm Data from market intelligence…