↘ DATA Coin's Readiness to Overcome Crypto Market Volatility
Coinbase stock is nearing its all-time high following a year-to-date gain of 42%. Dogecoin is gaining traction breaking a 16 cent resistance...
The key takeaways from recent cryptocurrency news revolve around regulatory challenges, market trends, and concerns over data security breaches. Coinbase, a major cryptocurrency exchange, is facing multiple class action lawsuits over its COIN stock drop, linked mainly with data and regulatory breaches. Coinbase has been under scrutiny for alleged Anti-Money Laundering (AML) failures, data breach and misleading risk disclosures. The data breach has reportedly affected approximately 70,000 users, inciting concerns over user data security.
New entrants in the crypto market are also making headlines. The controversial $TRUMP meme coin is poised to be accepted as a crypto payment in Bitnile.com’s social casino. Bitnile.com, a Hyperscale Data subsidiary, recently launched Nile Coin on the Solana Blockchain. Meanwhile, Pakistan is utilizing its surplus power capacity to fuel Bitcoin mining and Artificial Intelligence data centers.
On a different note, market forecasts suggest that the short-term holder profits, specifically for Bitcoin, are climbing, hinting at an incoming sell pressure. This research aligns with data suggesting that newbie Bitcoin whales are the ones taking profits in this rally.
Finally, in terms of technological advancements, Quatum Computing has the potential to break Bitcoin-like encryption far easier than initially thought, according to a Google researcher. Sophon also unveiled a zkTLS-Based Social Oracle to integrate private Web2 data Onchain. This points towards a future where privacy and data security will become increasingly important in the crypto space.
DATA Coin News Analytics from Tue, 03 Sep 2024 07:00:00 GMT to Wed, 28 May 2025 16:43:57 GMT - Rating -2 - Innovation 4 - Information 6 - Rumor -1