Analysis news-Page 30
Fidelity launches institutional cryptocurrency analytics platform Sherlock
Asset management giant Fidelity is delving deeper into the digital asset space with the announcement of its analytics platform called Sherlock. In an announcement on Thursday, Fidelity Investments, which has $10 trillion assets under management, unveiled a digital assets data and analytics solution to assist institutional investors and fund managers. The platform, dubbed Sherlock, will be similar to Bloomberg’s Terminal and will collate data on fundamental and technical analysis, blockchain data, market data, social sentiment analysis and industry news into one portal. It will include research on crypto assets from some of the leading institutional data providers in addition to …
Technology / April 30, 2021
Darknet market link provider claims its Bitcoin donors’ accounts were frozen
The administrator of dark.fail, a website providing verified links to darknet markets, claims that exchanges are unfairly closing accounts donating Bitcoin to the service after implementing a Chainalysis transaction flagging system. The admin alleged in a tweet that two donors of Bitcoin to the website had their accounts blocked by exchanges that recently implemented Chainalysis’ new KYT — or Know Your Transaction — blockchain monitoring service. WARNING: Two of my donors report that their exchanges blocked their accounts after they donated Bitcoin to me. I am a journalist! I do not commit crimes. Last year I voiced strong opposition to …
Technology / Feb. 10, 2021
CoinGecko challenges CoinMarketCap's dominance as a crypto market resource
The gap is narrowing between crypto analytics providers CoinMarketCap and CoinGecko when it comes to the number of website visits each receives per month. According to a Dec. 1 report from news outlet The Ken, CoinGecko had 20.6 million monthly desktop and mobile visitors as of October, compared with CoinMarketCap’s 29 million. These numbers represent a 135% increase in site traffic for the Singapore-based firm since May, when CoinMarketCap drew four times as many visitors as the competitor. While both websites saw small peaks in traffic during July, CoinMarketCap has not significantly widened the gap since Binance acquired the site …
Business / Dec. 7, 2020
Bitcoin traders nervous after $19.5K rejection — Here are the bear, bull scenarios
The price of Bitcoin (BTC) was rejected by the $19,500 resistance level yet again on Dec. 4, with traders becoming increasingly uncertain about what's next for BTC/USD. Bitcoin rally keeps stalling at $19,500 Some foresee the dominant cryptocurrency undergoing a consolidation phase or another minor correction in the near term, particularly as the U.S. dollar is showing signs of a possible recovery. Others, however, expect the crucial $18,500 support level to hold, which would likely set up BTC to retest the key $20,000 level and a new all-time high in the near future. In the short term, traders generally foresee …
Bitcoin / Dec. 5, 2020
Global search volume for Bitcoin appears higher than in 2017
According to data collected by Brad Michelson, a senior marketing manager at major trading and investment platform eToro, monthly global volume for Bitcoin searches in the December 2017 bull run was lower than in November 2020. Citing SEO data provider SEMrush, Michelson said that Bitcoin-related global monthly search volumes in November 2020 accounted for 8.9 million. This is 356% more than BTC search volumes recorded back in December 2017, which amounted to 2.5 million, according to Michelson’s data. Michelson pointed out a huge discrepancy between SEMrush’s data and Google Trends, a popular tool for analyzing the popularity of top search …
Adoption / Nov. 20, 2020
New Chainalysis program aims to help sort confiscated crypto
In the 11 years since the inception of the crypto industry, malicious parties have used digital assets for a spate of illegal activities, from drug payments to money laundering. Blockchain analytics firm Chainalysis is launching a new service to help authorities track, custody and sell cryptocurrencies associated with crime after their capture. The firm calls the initiative its Asset Realization Program. "Chainalysis created an end-to-end solution for track and trace, pre-seizure planning, handling, storing, realising, and monitoring assets seized by law enforcement," Chainalysis' general manager of the European, Middle Eastern and African region, Duncan Hoffman, told Cointelegraph. With its new …
Technology / Nov. 12, 2020
Russia’s New Crypto Analytics System to Track Dash and Monero
A major financial watchdog in Russia is developing a new cryptocurrency analytics tool to trace major cryptos like Bitcoin (BTC) and privacy coins. Russia’s Federal Financial Monitoring Service, a federal service combating money laundering and terrorist financing, is reportedly planning to build a new analytics platform for tracking cryptocurrency transactions via artificial intelligence. Dubbed “Transparent Blockchain,” the new system is designed to track the movement of digital financial assets and identify crypto service providers to fight illicit activity related to digital assets, local news agency RBC reported on Aug. 10. According to the report, the new system is able to …
Bitcoin / Aug. 11, 2020
Mainstream People Coming to Bitcoin, Digital Assets Data CEO Says
Mike Alfred, CEO of analytics firm Digital Assets Data, described increased Bitcoin (BTC) enthusiasm from the public amid flying prices. “We are seeing more signs of increased institutional interest,” Alfred told Cointelegraph of Bitcoin on July 28 — the day after bitcoin rose more than $1,000 in a 24-hour period. Bitcoin broke upward Crypto’s pioneer asset had a standout day on July 27, rising from $9,930 to $11,400 within a single daily price candle, according to TradingView.com data. “Volume was strong on Bakkt and CME yesterday,” Alfred said on July 27, referencing two mainstream traditional financial entities housing BTC trading …
Adoption / July 28, 2020
New Quantum Model for BTC Predicts Bottom in 2021 Before 2022 Bull Run
Twitter analyst CryptoWhale teased a new model for Bitcoin (BTC) on June 2, which claims to use quantum analysis to predict future price. The Fermions Flows, or FF, Whale Model forecasts a bottom in 2021 followed by a bull-run starting in 2022. Is quantum physics related to Bitcoin? Fermions, after which the model is named, are subatomic particles which follow Fermi-Dirac statistics and generally have a half odd-integer spin. Fermi-Dirac statistics describe a distribution of particles over energy states in systems consisting of many identical particles, where none of the particles can occupy the same quantum state simultaneously. It is …
Bitcoin / June 3, 2020
Where Are the Bitcoin Pizza Coins Now?
Today marks the 10th anniversary of Bitcoin's first official commercial purchase. On May 22, 2010, programmer Laszlo Hanyecz completed the first documented commercial Bitcoin purchase, paying 10,000 for two Papa John's pizzas. Valued at $41 at the time, current market pricing today gives the purchase a $92.5 million price tag. One might logically wonder what happened to the 10,000 Bitcoin (BTC) used for the purchase of two pizzas. "Over the years the funds have moved across many addresses," Grant Blaisdell, co-founder and CMO of blockchain analytics company Coinfirm, told Cointelegraph in an email. Some BTC went to a now-defunct exchange, …
Adoption / May 22, 2020
Cryptocurrency News From Japan: May 10 - May 16 in Review
This week’s headlines from Japan included SBI Holdings pairing up with Redstone Digital for a joint venture fund, LayerX teaming up with GMO Aozora for digitalization research, Decurret working to put aspects of the health system on the blockchain with Tokio Marine & Nichido Fire Insurance, BitFlyer exchange releasing a commercial, and a data company producing a report on crypto in Japan. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. SBI Holdings starts up joint venture fund with Redstone Tokyo-based SBI Holdings has paired up with Redstone Digital, a German venture capital outfit, …
Business / May 16, 2020
Here Are the Options: Bitcoin Derivatives Give BTC Halving Insight
With the halving just six days away, the crypto community is collectively holding on to their proverbial hats and counting down the days until the historic event takes place. Looking back, it’s quite amazing to see what has been achieved in the past four years since the last halving and how much the industry has matured. Regulation has taken giant leaps, venues have become more sophisticated and transparent, and institutions have begun to dip their toes in the once murky waters of crypto. Along with a reduced supply, all the conditions are perfectly aligned for a post-halving bull run, and …
Bitcoin / May 5, 2020