Tag: Data

Bitcoin price is down, but data signals that $30K and above is the path of least resistance

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On July 24, Bitcoin experienced a flash crash, plummeting to $29,000 in a movement now attributed to significant Bitcoin holders potentially liquidating their positions.  Amid the crash and market uncertainty, Bitcoin’s (BTC) three major trading metrics continue to project a bullish outlook, signifying that professional traders have not reduced their leverage longs through the use of margin and derivatives. Analytics firm Glassnode reported a surge in whales’ inflows to exchanges, reaching their highest level in over three years at 41% of the total BTC inflows. This forceful sell-off from whales alarmed investors,…

Worldcoin may face UK data regulators inquiry days after launch: Report

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The newly launched controversial crypto and ID project Worldcoin could face inquiries from data regulators in the United Kingdom as it raises concerns over privacy and critical biometric data safety, according to a Reuters report. The Information Commissioner’s Office (ICO) — the U.K.’s data regulatory body — acknowledged the launch of the crypto project in the country, and said it would examine the project and make further inquiries concerning data laws, reported Reuters. When Cointelegraph reached out to the ICO to ask about its reported probe into Worldcoin, the agency declined…

5 Free data set sources to use for data science projects

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When working on a data-driven project, finding reliable and high-quality data sets is essential. Fortunately, there are several free sources available that provide access to a wide range of data sets across various domains. However, please pay attention to the data’s quality, documentation and any licensing restrictions associated with each data set. This article will explore five free data set sources that you can utilize for your next project. Kaggle Kaggle is a popular platform for data scientists and machine learning enthusiasts. It offers a huge selection of open-access data…

Bitcoin price falls to $29.5K, but on-chain data reflects investors’ growing interest

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Bitcoin (BTC) price dropped below the $30,000 level on July 18, which given the developments of the last month, retail investors may not have expected, but does today’s downside move represent an upcoming shift in the trend?  Data suggests that over the longer-term it does not. To get to the positives first, Bitcoin price is still attempting to flip the $30,000 level to support after about 10 attempts since April of this year, but price is continuously finding buyers in the $28,000 to $25,000 range which buyers seem to be…

AI content cannibalization problem, Threads a loss leader for AI data? – Cointelegraph Magazine

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ChatGPT eats cannibals ChatGPT hype is starting to wane, with Google searches for “ChatGPT” down 40% from its peak in April, while web traffic to OpenAI’s ChatGPT website has been down almost 10% in the past month.  This is only to be expected — however GPT-4 users are also reporting the model seems considerably dumber (but faster) than it was previously. One theory is that OpenAI has broken it up into multiple smaller models trained in specific areas that can act in tandem, but not quite at the same level.…

EU’s Data Act Still Contains Controversial Smart Contract Kill Switch, Despite Lobbying by Polygon, NEAR, Stellar, Cardano

CryptoX – Cryptocurrency Analysis and News Portal Negotiators said they had struck a deal on the controversial text on June 28, shortly after organizations linked to numerous blockchains, including Stellar, Polygon, NEAR and Cardano, expressed their concerns in an open letter, but no text has been released until now. Source The post EU’s Data Act Still Contains Controversial Smart Contract Kill Switch, Despite Lobbying by Polygon, NEAR, Stellar, Cardano appeared first on CryptoX. CryptoX Portal

A simple tile game is spiking daily txs on Sui Network: Data platform

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A simple blockchain game has been behind a massive spike in daily transactions on the Sui Network, with one data platform even suggesting it has surpassed Solana in network activity. Similar to the 2014 viral browser-based puzzle game 2048, Sui 8192 is a sliding tile game where the players use their arrow keys to shift and combine tiles until they reach a tile worth 8192. It was first launched in October 2022. Each instance of the game mints a new object, similar to minting an NFT, and each move in…

Bitcoin price rallies to $31.8K, but derivatives data highlights BTC bears’ advantage

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This July 14 Bitcoin weekly options expiry holds the potential to be a significant turning point for market sentiment, potentially leading to a breach below the crucial $30,000 support level. Despite the initial bullish surge triggered by the spot Bitcoin exchange-traded fund (ETF) requests, the recent macroeconomic data has not been favorable for risk-on assets. Analyzing market sentiment is crucial in assessing the chances of Bitcoin (BTC) holding above $30,000 by July 14. This level acts as a threshold that could provide bears with a perfect opportunity to profit up to $120…