SV-Based Taraxa Revolutionizes Legacy Data Auditing With Mathematically Provable Audit Trails

PRESS RELEASE. Santa-Clara, CA – Taraxa’s newly released testnet was just put to use for a process auditing platform that minimizes operational friction in multi-party business processes. The Silicon Valley-based blockchain startup is building auditing solutions that infuse database-integrated systems with transparency and credibility by using data anchoring and cryptographic proofs to mathematically verify the origin and integrity of operational transactions. Cryptographically secured infrastructure and the flagship application Taraxa takes operational auditing to the next level with its cryptographically-secured audit log, finally solving the problem of capturing unstructured operational data…

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Data Shows 78% of the Circulating Bitcoin Supply Is Illiquid, Only 4.2M BTC in Constant Circulation

Onchain statistics show 78% of the circulating bitcoin supply is illiquid and barely accessible according to Glassnode research. Data indicates that the analysts have classified 14.5 million bitcoin as illiquid and only 4.2 million bitcoin in constant circulation. One of the most treasured parts of the Bitcoin (BTC) protocol is the fact that the system is mathematically provable, and bitcoins are scarce. When Satoshi Nakamoto created the crypto asset, the inventor set the supply cap to end at 21 million coins issued and today, there’s approximately 18.58 million BTC in…

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Demystifying Mining Data With HashrateIndex – Bitcoin Magazine

HashrateIndex is a site focused completely on exposing data from the mining industry. Miners are notoriously guarded about their data since every edge they can maintain has significant implications. It’s a unique product in our 21 Days of Data because it has such a specific focus. Ethan Vera and Flip talked through each section of their site, why they picked the pieces of information they did, mining in North America and a little bit of gossip, too. It was a really fun interview to put together and its full of…

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10-Year-Old Block Rewards Wake Up: Data Parsers Catch a String of 1,000 ‘Satoshi Era’ Bitcoins from 2010 Spent Today

On December 27, at around 2 a.m. in the morning (EST), another large string of decade-old sleeping bitcoins was transferred. The miner spent 20 block rewards that were originally mined in 2010, and also spent the corresponding bitcoin cash block rewards as well. The bitcoins moved are worth well over $27 million using today’s exchange rates. **Update: At approximately 3:10 p.m. (EST) at block height 663,241 another 2010 block reward was spent, making it an aggregate total of 21 decade-old block rewards on December 27, 2020. Most strings of 2010…

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Brazil Revenue Collector’s Data Shows Cryptocurrency Volumes Exceed $6 Billion Between January and September

Raw data from the Federal Revenue of Brazil (RFB) shows that crypto traded volumes in the country exceeded $6 billion between January and September this year. According to the data, bitcoin dominates as it accounts for over 80% of traded volumes. Still, other cryptos like bitcoin cash, dai, and dogecoin had significant volumes in the period under review. Since August 2019, Brazilian crypto companies and individual users have been complying with the new requirement to furnish the RFB with details of their digital currency transactions. The regulations specifically state that…

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Announcing Bitcoin Magazine’s 21 Days of Data – Bitcoin Magazine

For the next 21 days leading up to Genesis Day, Bitcoin Magazine will be highlighting different data-related projects built by the community (and rolling out a few of our own!). Each of these projects are run by a small handful of developers looking to delight, entertain or educate. We’ll be posting each one to our social channels, plus doing a few more in-depth conversations with the developers working on these projects. Also, we’ll update this article every day with the latest project to go check out. At the end of…

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Ledger Wallet Customer Data Leak Invokes Threats, Phishing Scams, User Allegedly Loses Life Savings

The cryptocurrency hardware wallet firm Ledger was hacked last June and over a million emails were exposed, according to reports from the company at the time. Months later, the hackers who obtained the Ledger data emailed clients, sent texts to customers, and created phishing links for users to enter their seeds. One customer allegedly lost $50k and during the last week, the company has been getting inundated with complaints on social media. Last Summer’s Ledger Wallet Data Breach Leads to Phishing Scams The Ledger hackers who obtained roughly a million…

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It’s not about data ownership, it’s about data control, EFF director says

As technology advances, personal data becomes an increasingly relevant topic. Many in the crypto industry hold sovereign finance and data privacy in high regard. Participants’ best efforts may be undermined by centralized businesses and regulating bodies, however, according to Cindy Cohn. Cohn is the executive director at the Electronic Frontier Foundation, or EFF, a nonprofit entity focused on digital rights.  Cohn joined a Web Summit panel on Thursday labeled “Internet: Who owns our data?” Pointing toward the title, she explained: “I actually think that’s the wrong question, I think the question is…

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Data shows Bitcoin price drops days after BTC futures open interest hits $1B

There was a time when BitMEX derivatives exchange reigned sovereign over other exchanges, and the company effectively held a 50% market share until July 2019. For this reason, traders kept a close eye on every indicator connected to BitMEX, including its funding rate, open interest, and basis. Open interest measures the total number of contracts held by market participants. As the figure rises higher, so does the potential size of liquidations. On Aug. 2, a $1,400 crash happened as $1 billion in futures contracts were forcefully closed due to insufficient…

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Keep dreaming! Options data suggest $560 Ethereum price won’t happen

This week Bitcoin (BTC) and Ether (ETH) prices reached new highs as a slew of bullish news continued to pump investors’ hope that the next crypto-bull market will mirror the one seen in 2017.  Many novice traders simply follow spot prices on the major crypto exchanges to gauge the direction price might take. However, reviewing options markets data can provide additional relevant insights on market sentiment. Looking at the most recent activity in Bitcoin options, it is clear that some trades occurred on strikes that seemed improbable even for the…

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