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Total raised in USD value and total number of IDO/ICO/IEOs by month

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The US Energy Information Administration (EIA) has decided to stop the data collection about energy consumption during crypto mining activities. The decision comes after a lawsuit was filed by industry participants including The Texas Blockchain Council and Riot Platforms to stop the data collection. US EIA to Stop Survey on Energy Consumption During Crypto Mining 
The post Crypto Mining Data Collection Halted by US Administration Amid Ongoing Lawsuit appeared first on CoinGape.

Coingape

Crypto Mining Data Collection Halted by US Administration Amid Ongoing Lawsuit

AWS researchers are making strides in addressing the challenging task of debugging databases with the introduction of Panda, a groundbreaking framework designed to assist enterprises in resolving performance issues within their database systems. Troubleshooting performance problems in databases is a notoriously intricate task, often requiring the expertise of a database engineer (DBE). Unlike database administrators, […]

CryptoPolitan

AWS Researchers Develop Panda, a Language Model-Based Debugger for Databases

The post Altcoin Market could see a 30% DROP! Top 5 Altcoins for Potential Gains appeared first on Coinpedia Fintech News
In a recent analysis from Cheeky Crypto’s renowned technical analyst JB, the focus was on five altcoins primed for potentially lucrative moves or declines in the short term. Let’s break down into the altcoins JB has his eye on: Cardano’s ADA While ADA’s price trajectory seems promising on the SPOC BitGet exchange, JB notices signs …

Coinpedia

Altcoin Market could see a 30% DROP! Top 5 Altcoins for Potential Gains

Bitcoin seems on the verge of seeing downside volatility during today’s trading session if bears can break current support. However, price action has been slow as all major narratives, including those from macroeconomic forces, have lost strength. Related Reading: Bitcoin Price Prediction 2024/25: 4-Year Cycle And Elliot Wave Can Coexist As of this writing, Bitcoin trades at $29,300 with sideways movement across the board. Low volatility has been suppressing BTC’s price action, a status quo that could persist until macroeconomic forces come back into the picture in September. Nassim Taleb Lashes Out At Bitcoin Again In the meantime, Bitcoin critics are using the drop in volatility, and trading volume, to support their arguments against the cryptocurrency. Wall Street operator, professor, and author Nassim Taleb stands among the latter. Via his X account, Taleb showed his almost 1 million followers the chart below pointing at the Bitcoin price and the decline in trading volume. Using the chart and the metric as a proxy to gauge Bitcoin adoption, Taleb stated: When I said pple lost interest in bitcoin, it was based on this: BTC Volume is slowly disappearing, down >85% from the peak. As volume drops, manipulations become easier but, at some point, manipulators will need to exit. This is how Open Ponzis implode. The chart above shows BTC declining trading volume since 2020 when the cryptocurrency entered a rally that took it from a low of around $3,000 during a “Black Swan” event, the COVID-19 pandemic, to an all-time high of $69,000. At that time, similar to today, BTC and the crypto market spend years in a “Crypto Winter” with declining prices. Once the sector rallied, many jumped in on the action swelling the trading volume to an all-time high. In that sense, Taleb seems to be hinting at a downside for the price of the cryptocurrency following a rise in price with low trading volume, which often leads to a decline. One crypto investor tried to show Taleb a different version of the chart above, which goes back to 2014 when the cryptocurrency was trading just above $100. The user pointed out that BTC has seen periods of volatile volumes as the cryptocurrency became a mainstream asset. Related Reading: Bitcoin Price Next Leg Lower Underway And At Risk for Key Reasons However, Taleb dismissed the user with the following: Imbecile, if you knew how to read the chart you’d see only now a rise in price WITH DROP in volume. The Black Swan author has been a Bitcoin critic, comparing the cryptocurrency with a “cult” and predicting that the sector will eventually “fade.” Cover image on Unsplash, chart from Tradingview

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