↝ Data-Backed Assets Take Center Stage as DATA Coin Eyes Surge
The Protocol along with Vana has introduced a Token Standard for Data-Backed Assets promoting mature integration of blockchain and data...
Recent market trends involve a mixture of crypto advancements and challenges. Negative sentiment was sparked by Microsoft's decision to cease data center plans leading to a decline in bitcoin mining stocks. Issues regarding data security and privacy continue to show importance, with businesses like laundromats and Brazil's regulatory body prioritizing these aspects. On the brighter side, Chronicle, a Blockchain Data Provider, raised $12M to boost their infrastructure for tokenized assets.
Institutional adoption of cryptocurrency is gaining traction with relevant factors keeping the market sustained, and altcoin season might already be underway according to data. Data Storage Protocol, Walrus, successfully raised $140M in a token sale ahead of their Mainnet Launch. Despite softer than expected inflation numbers, cryptocurrencies failed to rally.
Crypto Fails to Rally on Softer than Expected Inflation Numbers, while Coinbase and CoinDesk push forward with acquisitions and service expansions. One notable achievement was from Crypto.com that surpassed Coinbase in dominating North American Crypto Trading. AI and big data tokens gained significant momentum due to the Bitcoin bull run.
On the other hand, Northern Data is now in a favorable position to exploit the AI boom. Interestingly, on-chain data can now be accessed via the GeckoTerminal API. As traditional cryptos outperform, altcoin markets are shrinking. Additionally, Worldcoin's attempts to collect comprehensive data from Europeans met resistance due to privacy concerns.
DATA Coin News Analytics from Thu, 11 Feb 2021 22:25:05 GMT to Wed, 26 Mar 2025 22:24:57 GMT - Rating 8 - Innovation 6 - Information 8 - Rumor -4