Bitcoin's February momentum hinges on next week's labor market data
Bitcoin’s price remains sensitive to macroeconomic conditions, with analysts eyeing the upcoming US labor report as a key driver for February’s momentum. Source link
Bitcoin’s next big move hinges on the U.S. labor market data, says analyst
Bitcoin is moving with macro conditions. If U.S. labor data signals weakness, the Fed may step in—potentially pushing Bitcoin higher. Bitcoin’s (BTC) next move could hinge on upcoming U.S. labor market data, as macro conditions continue to shape liquidity and risk sentiment. Quantitative analyst Benjamin Cowen suggests the unemployment rate will be a key factor, […]
Chainlink introduces new data product for DeFi
Chainlink has launched a new product aimed at the decentralized finance market. According to a blog post, the Chainlink DeFi Yield Index is a data product that leverages the decentralized oracle network’s standard to aggregate lending rates across the decentralized finance ecosystem. Chainlink (LINK) has integrated zero-knowledge proof data platform Space and Time to introduce […]
Chainlink’s Data Streams go live on Scroll mainnet
Chainlink’s standard for verifiable data has officially launched on Scroll, a zero-knowledge-proof-powered scaling solution on Ethereum. The decentralized oracle platform announced the integratio on Jan. 29, noting Data Streams were now live on Scroll (SCR) mainnet. Chainlink (LINK) now provides developers on the zkEVM platform access to its low-latency market data. With Chainlink Data Streams […]
Blockchain networks collect nearly $7b in fees in 2024, data shows
Ethereum’s dominance in fee earnings remained unchallenged in 2024, with a total of almost $2.5 billion, more than double that of TRON. As blockchain activity exploded last year, fees went through the roof, hitting $6.89 billion, according to a CoinGecko report. Ethereum (ETH) stayed way ahead of the pack, pulling in a massive $2.48 billion […]
For AI that serves people, data curation DePINs hold the key
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In today’s digital economy, a handful of tech conglomerates hold unprecedented control over the most valuable resource of the modern age: user-generated data. Companies like Google, Meta, and Amazon have built massive […]
Ethical and transparent data collection
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. As AI is changing industries, data is more important than ever. But here’s the thing: the centralized systems we use today come with big ethical problems. From privacy breaches to monopolistic control, […]
Binance BTC open interest jumps $500M hours after ‘favorable’ US inflation data
Binance Open Interest surged approximately $500 million just two hours after the CPI results “brought smiles to the faces of crypto investors,” says an analyst. Source link
Arweave sends encrypted data to the moon
Decentralized data storage company Arweave has launched its “Genesis Block” to the moon in collaboration with two other companies. Arweave (AR), in partnership with Iridia and LifeShup, has sent encrypted data and cryptocurrencies in a wallet on a space mission, according to a Jan. 15 press statement. The concept tapped Iridia’s synthetic DNA-based storage technology […]
Bitcoin price cements $96K as 'crucial' US PPI data boosts stocks
Bitcoin is enjoying some fresh relief as inflation data paints a slightly rosier picture than risk-asset traders feared. Source link
