Tag: Data

Celsius Wallet Deposits Nearly $36,000,000 Worth of Ethereum (ETH) Into Crypto Exchanges: On-Chain Data

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A wallet associated with the defunct crypto lending platform Celsius deposited $30.34 million worth of Ethereum (ETH) to Coinbase on Monday, according to the crypto tracker Lookonchain. Lookonchain also notes that Celsius deposited $5.13 million worth of ETH to the crypto exchange FalconX. Celsius’ two staking wallets still hold a total of 557,081 Ethereum worth around $1.3 billion. Celsius filed for bankruptcy in July 2022 after its native token, CEL, plummeted by 99% and it was unable to fulfill withdrawals. In July, the project’s founder, Alex Machinsky, was arrested and…

Number of blockchain developers slid by 24% in 2023, data shows

According to Electric Capital, the overall number of crypto developers in 2023 decreased by 24%, while the number of newcomers dropped by over 50%. In a 180-page research report, crypto venture firm Electric Capital revealed that the overall number of monthly active crypto developers decreased by 24% from 29,611 in December 2022 to 22,411 in December 2023. Despite the overall decrease, the study indicates a steady growth in the number of blockchain developers who have been actively contributing to the space for more than one year. This subgroup has seen…

Crypto Exchanges Trading Volume Hit $10.3T in 2023, New Data Shows

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CoinGecko’s 2023 Annual Crypto Industry Report has been released. It covers crypto exchanges and their current state, Bitcoin’s +155.2% and Ethereum’s +90.5% growth, analyzing NFT trading volume throughout the year, and more. Among the report’s highlights is the comprehensive review of the crypto trading volume in 2023 through the performance of centralized crypto exchanges (CEX) and decentralized exchanges (DEX). Centralized Crypto Exchanges Dominated Crypto saw a $36.6 trillion trading volume in 2023, with a volume increase of +53.1% from Q3 ($6.7 trillion) to Q4 ($10.3 T). The Q4 increase marked…

BRC-20 trading volumes surge 10x since November 2023, data shows

Trade volume for BRC-20 tokens increased $10-15 million to more than $500 million since November 2023, as per data from Kaiko. Tokens minted on the Bitcoin blockchain are gaining momentum as their trading volumes increased by ten times since the end of 2023, according to Kaiko data. In a report on Jan. 15, the Paris-based analytics blockchain firm revealed that trading volumes for BRC-20 tokens skyrocketed from $10 million in November 2023 to more than $500 million in January, attributing the increase to Binance, which recently launched spot and perpetual…

US CPI Data Could Drive BTC to $50,000

Bitcoin price soared to a 20-month peak of $48,965.41 after the U.S. Consumer Price Index report for December 2023 was released on Jan 11.  The U.S. Bureau of Labor Statistics released the U.S. Consumer Price Index (CPI) report on Jan. 11, showing higher-than-expected inflation figures. Early market reactions saw U.S. stocks stumble as the S&P 500 dropped 1% within five hours of the report. On the flip side, cryptocurrency markets received a massive boost as Bitcoin (BTC) retested the $49,000 area for the first time since May 2022.  U.S. CPI…

Etherscan Acquired Solana to Enhance Services and Ensure Fair Blockchain Data Access

Etherscan, the premier Ethereum block explorer, has officially acquired Solscan, a leading block explorer for the Solana ecosystem. This acquisition, announced on January 3, 2024, marks a significant milestone in the evolution of blockchain technology and data services​​​​. Etherscan, founded in 2015, has been a cornerstone in the crypto space, renowned for its independent and pioneering role. Its latest move to acquire Solscan is seen as a strategic expansion to enhance its service offerings across multiple blockchain networks. Solscan, since its inception, has been a pivotal player within the Solana…

Crypto dashboard Ledger Live tracks user data, researcher says

A researcher revealed questionable practices by Ledger that raises important privacy concerns about the leading crypto wallet. In a recent X thread a cryptocurrency researcher unveiled practices by Ledger that raise concerns about privacy for Ledger Live users. The researcher particularly raised concerns regarding how Ledger Live manages user data and the limited options for offline use on Ledger hardware wallets. According to @rektbuildr’s findings, Ledger Live actively monitors users and gathers data, performing a device check whenever a Ledger device connects. Ledger Live embeds the genuine check into the…