Tag: Data

Is the DOE Crypto Mining Data Request an Opportunity for Energy Innovation or for Political Opportunists?

As someone who’s served at the Department of Energy (DOE), I believe the orders offer some key opportunities. While most of the mining community agrees the requests are politically motivated by certain members of Congress, the EIA statute directs agencies to pursue information gathering functions in support of requests from Congress, the DOE and others. Some of the questions are standard for the data gathering process and could help promote adoption of a much-needed uniform, consistent reporting framework for our burgeoning industry. Source

Solana, Chainlink Among Coins With Overheating Open Interest: Data

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Data shows Solana and Chainlink are among the top cryptocurrencies that have observed growth in Open Interest to relatively high levels. Solana & Chainlink Have Their Open Interest At Notable Values Currently According to data from the on-chain analytics firm Santiment, there has been a dramatic increase in interest in the derivative market for cryptocurrencies recently. The indicator of relevance here is the “Open Interest,” which keeps track of the total amount of derivative contracts for any given asset that is currently open on all centralized exchanges. When the value…

Solana Integrates Filecoin to Enhance Historic Data Accessibility

Solana, one of the top proof-of-stake blockchains, has integrated Filecoin, a decentralized file-saving blockchain-based system, to make its block history accessible for third-party apps. According to Filecoin, this will allow Solana to achieve improved redundancy and scalability for part of its data set while leveraging a decentralized solution like Filecoin. Solana to Integrate Filecoin to […] Source CryptoX Portal

Sanctioned Bitcoin mining firm BitRiver to launch largest data center for AI in Russia

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BitRiver, a Bitcoin mining company targeted by OFAC sanctions, is set to launch Russia’s largest data center for artificial intelligence (AI) in H2 2024. Bitriver-B, a subsidiary of BitRiver Group, is set to launch the largest data center for energy-intensive computations in Eurasia in the second half of 2024, Russia‘s government news agency Prime reports. The expected capacity of the data center is said to be 100 megawatts, as reported by Sergey Bezdelov, director of the Association of Industrial Mining. “This is the largest facility among all data centers in…

On-Chain Data Points To Declining Retail Participation

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The price of Bitcoin has continued to soar this week, with the premier cryptocurrency consolidating its place above the $50,000 mark. Interestingly, on-chain data shows that a particular class of investors had less to do about the recent rally, sparking conversations about their participation in the current bull cycle. Recent BTC Price Primarily Fueled By ‘Institutional Demand’ In a recent post on X, analyst Ali Martinez pointed out that there has been an apparent decline in the involvement of retail investors in the Bitcoin market. This shift comes despite the…

ZK Proofs Enable Defi Platforms to Meet Regulatory Requirements Without Compromising User Data, Says Ex-FCA Regulator

Diana Tlupova, Head of Compliance at Nexera ID, has argued players in the decentralized finance (defi) space can stay ahead of regulators who might want to impose stringent Know-Your-Customer (KYC) rules by using zero-knowledge (zk) proofs to authenticate user credentials. Tlupova contends that, in addition to allowing users to maintain control over their KYC data, […] Source CryptoX Portal