Tag: Data

NFT wash trading increases by 126% in February: Data

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The top six nonfungible token (NFT) marketplaces saw a rise in wash trading for the fourth straight month, with a total volume of $580 million. According to a new report from CoinGecko, February 2023 witnessed a 126% increase from the previous month’s volume of $250 million. As for the reason for the jump, the report points to a correlation with the overall recovery of NFT marketplace trading volume, which hit $1.89 billion in February. Wash trading refers to the manipulation of trading volume or price through repeated transactions. The six marketplaces…

Google Trends Data Reveals Searches for ‘Banking Crisis,’ ‘Bank Runs,’ Skyrocket – Bitcoin News

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Interest in the U.S. banking crisis has risen greatly over the past two weeks, as shown by Google Trends data. There has been a sharp increase in queries related to search terms such as “banking crisis,” “bank collapse,” and “bank failure.” On March 13, 2023, the search term “banking crisis” reached the top Google Trends score of 100. The related topics pertain to the financial troubles of Silicon Valley Bank, Signature Bank, and First Republic Bank. Google Trends Shows Global Interest in U.S. Banking Crisis Spiked Last Week Google Trends…

Elon Musk Criticizes Federal Reserve’s Data Latency and Calls for Immediate Rate Drop Amidst Banking Chaos – Economics Bitcoin News

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Amidst the chaos in the U.S. banking sector, Elon Musk, the CEO of Tesla and owner of Twitter, has been critical of the country’s central bank. Musk insists that the U.S. Federal Reserve is operating with “way too much latency in their data,” and he insists that the central bank needs to drop the federal funds rate “immediately.” Musk’s Criticism of the Federal Reserve’s Data Latency; Study Shows 186 U.S. Banks Suffer From Financial Risks In the last week, three major U.S. banks collapsed, First Republic Bank was bailed out,…

9 data science project ideas for beginners

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Beginners should undertake data science projects as they provide practical experience and help in the application of theoretical concepts learned in courses, building a portfolio and enhancing skills. This allows them to gain confidence and stand out in the competitive job market. If you’re considering a data science dissertation project or simply want to showcase proficiency in the field by conducting independent research and applying advanced data analysis techniques, the following project ideas may prove useful. Sentiment analysis of product reviews This involves analyzing a data set and creating visualizations…

AI set to benefit from blockchain-based data infrastructure

The rise of ChatGPT has been nothing short of spectacular. Within two months of launch, the artificial intelligence (AI)-based application reached 100 million unique users. In January 2023 alone, ChatGPT registered about 590 million visits. In addition to AI, blockchain is another disruptive technology with increasing adoption. Decentralized protocols, applications and business models have matured and gained market traction since the Bitcoin (BTC) white paper was published in 2008. Much needs to be done to advance both of these technologies, but the zones of convergence between the two will be…

Bitcoin Held in Funds Drops to Lowest Since October 2021, ByteTree Data Shows

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Bitcoin rejects at $25K as US PPI data meets Credit Suisse meltdown

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Bitcoin (BTC) kept bears sweating near $25,000 on March 15 as encouraging macroeconomic data combined with concerns over banking crisis contagion. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView PPI offers “great signs” on Fed pivot Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering from a 24-hour comedown to see highs of $25,273 on Bitstamp. The pair reacted positively to the latest United States Producer Price Index (PPI) data, which came in far lower than expected. Prior to the release, the Binance order book showed principal bid and ask…

Over Two Billion USDC Stablecoin Burnt in Single Day, Data Shows

The dollar-pegged stablecoin has failed to win back investors following last week’s depegging. Circle Internet Financial’s USDC stablecoin massively depegged from its intended $1 price on Friday night after Silicon Valley Bank (SVB), where Circle parked over $3.3 billion in treasury assets, was shut by regulators. Source BillionBurntdatadayShowsSingleStablecoinUSDC CryptoX Portal

Over $2B in USDC Stablecoin Burnt in Single Day, Data Shows

The dollar-pegged stablecoin has failed to win back investors following last week’s depegging. Circle Internet Financial’s USDC stablecoin massively depegged from its intended $1 price on Friday night after Silicon Valley Bank (SVB), where Circle parked over $3.3 billion in treasury assets, was shut by regulators. Source