Tag: Data

Bitcoin Whales Driving The Rally Are Now Taking Profits, Data Suggests

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Data shows that the Bitcoin whales that may have been helping drive the latest rally have switched to profit-taking instead. Bitcoin Whales On BitMEX Have Changed Their Tune Recently An analyst in a CryptoQuant Quicktake post explained that the BitMEX whales were likely the ones helping fuel the latest rally. The relevant indicator here is the “Open Interest,” which keeps track of the total amount of Bitcoin derivative positions open on a centralized exchange. When this metric’s value increases, investors are opening up new contracts on the platform. On the…

Is Bitcoin Overvalued Yet? What Historical Data Suggests

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Here’s what the data of this historical on-chain indicator suggests regarding whether Bitcoin has become overvalued after its latest uptrend. Bitcoin MVRV Z-Score Hasn’t Climbed Too High Yet As the Reflexivity Research co-founder pointed out in a post on X, the BTC MVRV Z-Score readings have heated up little compared to the values observed in past bull runs. The “Market Value to Realized Value (MVRV) ratio” is an indicator that measures the ratio between the Bitcoin market cap and the realized cap. The “realized cap” refers to a capitalization model…

Fewer Transactions Sanctioned by U.S. Government’s OFAC Are Getting Through on Ethereum, Data Shows

This large percentage resulted, in part, from the fact that a small number of relayers were available in MEV-Boost’s early days, and the most popular ones were filtering out OFAC transactions. After a blowback from the Ethereum community, several “non-censoring” relayers entered the MEV-Boost fray, and it looked like the tide was turning back in favor of network neutrality. Today, only 30% of relayed blocks are “censored,” by Wahrstätter’s definition. Source CryptoX Portal

Securing user data: 11 practical and effective tips for Web3 companies

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Leaning into Web3’s strengths while following established protocols can create a strong, holistic data security strategy. No matter the industry, protecting user data is a top-of-mind concern for any business that collects it. Blending industry-agnostic security strategies with the inherent strengths of Web3 practices and technologies can help companies create a well-rounded defense system for user data. Below, 11 members of Cointelegraph Innovation Circle share practical, effective tips to help Web3 companies provide the security assurance their users expect and deserve. Make securing user data a top priority from the…

How data protection law can prevent harm in the housing sector

A blog by Helen Raftery, Head of Data Protection Complaints   Housing organisations require personal data to provide services and support to their residents – this could be anything from contact details to medical records. Anyone who processes personal data has a responsibility to protect it under data protection law. Failure to do so in this sector can put residents at risk, which could have serious consequences such as distress, discrimination, identity theft, or physical harm. We have received a number of complaints from residents who have been failed…

Australian tax data shows a growing desire to hold crypto for DIY retirement

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Australians are increasingly looking to cryptocurrency to secure a peachy retirement, with allocation to the asset class from self-managed retirement funds increasing 400% in just four years — and the growth rate surpassing stocks and bonds.  As of the quarter ending in September, the nearly 612,000 self-managed super funds (SMSFs) are holding a total of $658.6 million (992 million Australian dollars) worth of cryptocurrencies, show statistics released on Nov. 26 from the Australian Tax Office (ATO). The latest figure is a 400% increase from the same quarter in 2019, which…

Bitcoin Whales Ready To Push Price Above $40,000? Data Throws Clues

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The Bitcoin price has been steadily moving around its current range as 2023 comes to an end. Recent data cast light on the current market structure and what could trigger an extension in the bullish momentum. As of this writing, Bitcoin (BTC) trades at $37,900 with a 1% loss in the last 24 hours. Over the previous week, the cryptocurrency has traded in the green as other assets recorded small losses, except for Solana (SOL) and Dogecoin (DOGE). BTC’s price trends to the upside on the daily chart. Source: BTCUSDT…

Forbes to Launch Under 30 List on Ethereum Blockchain to Permanently Record Data

The Forbes Under 30 List, including all categories and individual profiles are available on the Ethereum blockchain for permanence. Forbes has announced the launch of its annual Under 30 list on the Ethereum blockchain. The announcement represents news of the first time a publication like this is launching on the blockchain and is a pointer to the potential of using blockchain technology to permanently store published data. Forbes is doing this to ensure that all of the achievements under the individual belts of the highlighted persons are permanently recorded on the blockchain.…

XRP, BNB Among Altcoins Losing Correlation With Bitcoin: Data

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Data shows altcoins have been losing correlation with Bitcoin recently, and among them, XRP and BNB have seen particularly pronounced decoupling. XRP & BNB Have Seen Largest Drops In 60-Day Correlation To Bitcoin As pointed out by an analyst in a post on X, BTC has recently seen a drop in correlation with the altcoins. The “correlation” here refers to an indicator that keeps track of how tied the prices of any two assets are right now. When the value of this metric is positive, it means that the given…

Future of business through the synthesis of blockchain technology, data and AI

In the current period, blockchain technology is predominantly used for financial transactions. However, there are emerging trends that are redefining the application of blockchains with purposes like fraud detection, AML and supply chain management.  As emerging technologies take a big piece of global attention, all eyes are now on the convergence of blockchain technology, big data and AI. These technologies put together are creating something magical for businesses that helps them perform better.  Furthermore, they are trying to make things cheaper for both the business and the end user. Let’s…