Tag: Data

Over 80% crypto discussions on Reddit were positive in 2023, data shows

Redditors appear to have an enthusiastic view toward cryptocurrencies, as 84% of discussions in 2023 were positive. According to CoinWire, which analyzed over 20,400 posts on Reddit over the last 12 months, the majority of discussions on the platform “were full of positivity,” suggesting investors are anticipating a rally in the foreseeable future. As noted by the firm, enthusiastic community members are “embracing cryptocurrencies, and this vibrant online platform reveals their upbeat outlook.” However, the same cannot be said for X, where out of 19,470 crypto-related tweets, only 65% conveyed…

Bitcoin Grabs 13th Spot As World’s Most Valued Currency, Latest Data Show

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In a groundbreaking financial shift, Bitcoin, the world’s original and deeply capitalized cryptocurrency, has swiftly climbed the ranks, securing its place among the top 15 largest currencies globally. Bold, a Bitcoin credit card company, revealed this remarkable feat in December, emphasizing Bitcoin’s uniqueness as the sole crypto in the top 20 currencies of sovereign central banks. Examining the data provided by CEIC and CoinGecko paints a vivid picture of Bitcoin’s extraordinary ascent. On the pivotal date of November 19, Bitcoin’s market capitalization soared to over $835 billion, solidifying its position…

Data Shows DOGE Adoption Is Accelerating

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On-chain data suggests the Dogecoin adoption has been picking up recently as a large number of new addresses are popping up on the network. Dogecoin Is Observing A High Number Of Daily New Addresses Currently In a new post on X, analyst Ali talked about how the Dogecoin network activity has been looking like recently in terms of new address creation. A “new address” is one that has taken part in some kind of transaction activity for the first time. Some of the new addresses that pop up on the…

Microsoft Bing AI chatbot gives misleading election info, data

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A study from two Europe-based nonprofits has found that Microsoft’s artificial intelligence (AI) Bing chatbot, now rebranded as Copilot, produces misleading results on election information and misquotes its sources. The study was released by AI Forensics and AlgorithmWatch on Dec. 15 and found that Bing’s AI chatbot gave wrong answers 30% of the time to basic questions regarding political elections in Germany and Switzerland. Inaccurate answers were on candidate information, polls, scandals and voting. It also produced inaccurate responses to questions about the 2024 presidential elections in the United States.…

Bank of Ireland UK reprimanded for inaccurate data on customers’ accounts

The Information Commissioner’s Office (ICO) has issued Bank of Ireland UK with a reprimand for mistakes made on more than 3,000 customers’ credit profiles. Bank of Ireland UK sent incorrect outstanding balances on 3,284 customers’ loan accounts to credit reference agencies, organisations that help lenders decide whether to approve financial products. This inaccurate data could have potentially led to these customers being unfairly refused credit for mortgages, credit cards or loans, or granted too much credit on products they were potentially unable to afford. The investigation found that, due to…

Dow Records 158 Point Rise on Thursday as Economic Data Shows General Improvement

There was a general rise in the Dow, S&P 500 and Nasdaq Composite indexes following hints that the Fed policy would favor the general market. The Dow Jones Industrial Average (DIJA) ended Thursday higher even as the 10-year Treasury fell below 4%. The Dow’s rise corresponds with an increase in retail sales, providing an optimistic outlook on the economy as the year comes to an end. The 10-year Treasury note fell below 4%, a level not seen since August, losing 11 basis points to crest at 3.922%. The fall in…

Top five blockchain ETFs that returned over 100% in 2023: Data

As the cryptocurrency community has been focused on the potential approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States, some crypto-linked ETFs have already been racking up significant gains in 2023. One such ETF is the VanEck Digital Transformation ETF (DAPP), which has surged nearly 207% year to date (YTD), according to data from TradingView. Launched in April 2021, DAPP tracks the price and performance of the MVIS Global Digital Assets Equity Index, which, in turn, is based on the performance of major companies involved in…

BTC price clears $41K as Bitcoin digests US macro data on FED FOMC day

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Bitcoin (BTC) recovered above $41,000 at the Dec. 13 Wall Street open as eyes focused on the United States Federal Reserve. BTC/USD 1-hour chart. Source: TradingView PPI target beat comes hours before Fed rate move Data from Cointelegraph Markets Pro and TradingView showed BTC price strength gaining momentum on the latest U.S. macro data releases. November’s Producer Price Index (PPI) print came in below expectations, further bolstering the extant narrative of declining inflation. The Consumer Price Index (CPI) print, while less encouraging, did not induce fresh pain for risk assets.…