Bitcoin’s growing use in big data markets is dramatically increasing thanks to BitStream, a new platform designed to simplify data sharing and transactions. The platform, which makes it easier for developers to find and buy data, is helping fuel the cryptocurrency’s rise.
Terraform Labs has requested a court order requiring Citadel to provide it with data relating to its recent depegging from the UST.The move comes in an effort to shed light on the details of the transaction.
Police in Hong Kong have issued an alert about an SMS phishing scam, after it was revealed that over 446,000 in Binance user funds had been drained. Authorities have warned members of the public to exercise caution when handling online transactions.
The correlation between Bitcoin and the US Dollar Index and stock markets has all but disappeared, according to data analysis. While Bitcoin still remains volatile, its relationship with traditional markets has now become almost independent.
Crypto traders with large amounts of Shiba Inu (SHIB) logged profits as high as $100M over the past week, according to data from blockchain analysis. The astronomical gains are attributed to the token’s surging price.
Ethereum’s price has surged to a record high of $1,700 but fundamental market metrics indicate that this price rally is not backed by an increase in demand. Data shows that Ethereum’s price is increasing despite a decreasing hashrate and a diminishing number of active addresses.
Analysts are closely watching this week’s expiry of approximately $1.9 billion worth of Bitcoin options contracts, citing data that suggests an unexpected outcome may emerge. Much remains to be seen, however, as the often-volatile cryptocurrency looks toward an uncertain future.
Data from July shows a major shift in the crypto landscape, with Kraken leapfrogging Coinbase in altcoin liquidity, dethroning the incumbent as the US’s most liquid altcoin exchange.
The idea of an “everything app” has captured the attention of people around the world, but what we really need is digital sovereignty: a secure way for users to take control of their data and personal information.
