Convenience store chain Wawa announced a massive data breach that potentially compromised "customer payment card information" at all Wawa locations for nine months.
could be looking to extend its bullish momentum sentiment further, hinted Willy Woo’s indicator. The market analyst shared a chart reflecting upon the asset’s price action’s relationship with its NVT Signal Ratio. In retrospective, stands for Network Value to Transactions Ratio. It defines the 90-Day moving average on daily transactional volume passing through the Bitcoin blockchain against its total market capitalization. First introduced by Willy Woo, a cryptocurrency economy specialist, NVT Ratio gained adoption among the bitcoin analysts for its high relevance in spotting bubbles and buying opportunities. So, when bitcoin moons, it attracts more traders, which leads to the rise in daily transactional volume on the Bitcoin blockchain. That includes both the selling and buying volume. Therefore, the underlying bitcoin market valuation could fluctuate either way despite the rise in daily transactional volume, which accordingly adjusts the NVT Signal Ratio. Here’s the mathematical representation: NVTS = Network Value / 90d MA of Daily Transaction Value. A high NVT Signal Ratio means that than the network is more expansive than the value it transmits – and vice versa. Comparing NVT Signal with Bitcoin Price Willy Woo clarified in one of its earlier articles that if NVT is higher than 150, then it is overbought, and when it is lower than 45, then it oversold. The latest price push prompted the bitcoin’s network value to go higher. And in response, the NVT went above 150 as well. That indicated a market top. Willy Woo and crypto analysts David Puell and Murad Mahmudov found that NVT Signal Ratio, which was rising steadily since December, was near its support trendline break. : NVT Signal with brand new transaction volume data. Tells a much clearer picture of the current state of affairs. Loving it., , and I have more on this later. — David Puell (@kenoshaking) What NewsBTC could gather from this tweet was that the NVT Signal could be in a for a correction in the medium-term. The signal’s historical performance showed that it had three depreciative spikes above 150 between 2013 and 2015, following which it corrected huge. As it recovered, the bitcoin price also established a bull run. The April 2 bitcoin rally was signaling a similar scenario. The NVT Signal was in the final upside wave before it breaks the ascending trendline and falls lower towards 30-40 range. But eventually, an NVT correction could ensure a bull run. Implies a pullback before transaction volume finally spikes, followed by a confirmed bull run. We'll see. — David Puell (@kenoshaking) That does not necessarily mean that NVT was directly proportional to the bitcoin price all the time. In 2018’s crash, the NVT ratio went up against a falling bitcoin rate. It merely indicated that there was more transactional volume passing through the bitcoin’s blockchain than its valuation. “Being in the overbought zone doesn’t tell us exactly when the market is about to pop. However, by adding support trendlines on the signal, we can call the tops quite accurately,” clarified Willy Woo. Following November 2018, the NVT and bitcoin price was mirroring each others’ moves. Criticism There were claims that Willy Woo failed to predict an interim upside scenario for bitcoin and that it was hinting a price crash before the April 2 spike appeared – based on the same metrics discussed above. “I’ve been following your group and I’ve given your ideas weight in my own predictive models,” a Twitterati. “But your short-term and short-medium term ideas seem to have been caught unawares by this recent run to $5000.” The post appeared first on .
As the wait continues for more information on the Ethiopian crash, a flagship carrier in Indonesia has requested to cancel a nearly $5 billion order of 737 MAX 8s.
The 'black boxes' from the crash arrived for analysis in France Wednesday night but meetings with investigators didn't begin until Thursday.
The World Anti-Doping Agency (WADA) said on Wednesday it has completed a painstaking process of uploading doping data mined from a tainted Moscow laboratory and will start assessing the information to ensure it is complete and authentic.
Data is a powerful weapon for businesses. It’s been relevant for decades, but it’s now becoming even more important as we head into the age of ‘big data’. If businesses (of all sizes) want to stay ahead of the game, it’s going to be crucial that they understand how to manage data properly and really get the most out of this goldmine. ‘Goldmine’ might not be the best analogy, though. Because while data is currently more useful than gold, it’s a lot less scarce. The amount of data we produce , and by 2020 it’s expected to hit about 44 trillion gigabytes per year. And most of that data isn’t hidden away anywhere. In fact, most businesses today have access to a glut of data that could be enormously valuable if used properly. The data almost every business has stored in their systems can be used to market more accurately, drive better research and development, and get to know customers more intimately. There’s no question that data can change the way businesses operate on a massive scale. The real question is, how? How data can change businesses Within five years, it’s expected that there will be about . And by 2020, there will be in the world. This means that people are generating colossal amounts of data every single day. This includes information about their likes and dislikes, hobbies, age, political views and a whole lot more. If used ethically (and this is important), businesses can rely on this data to construct accurate, reliable profiles of their customers. These profiles can then be used to gain a number of big advantages. Targeting ads is one of the major benefits. If businesses understand what their customers are interested in and what demographics they belong to, it becomes much easier to tailor advertising towards them and show ads that are relevant and interesting for them. We’re all familiar with the kinds of annoying, intrusive ads that litter the internet, trying to grab our interest for some product or service we couldn’t care less about. That’s often the result of businesses failing to understand their customers — probably as a result of poor data management. By gaining a clearer understanding of their customer base, businesses can rely on more friendly and personal forms of advertising, methods based on building a relationship with customers and gaining their trust. A closer relationship with customers isn’t just an advantage for marketers. Businesses that closely understand their base can tailor their brand better and ensure that what they’re doing is in line with what people want. They can also communicate better, in a way that feels personal instead of soulless and generic. This makes customers more likely to stick around and leads to an easier and more natural relationship that benefits both parties. Research and development can also gain from this kind of deeper understanding. By learning what customers are interested in, and their desires, businesses can work on building products and services that match that. This keeps their buyers happy and their profits healthy. There are many huge benefits for businesses that can learn how to harness and use data better. But how can they get to this point, and use data in a more efficient and productive way than the competition? One way of getting ahead could be to combine online and offline data, and one company called are among those working hard to build this kind of model. Mixing online and offline data The data out there can be split fairly neatly into two groups — online and offline. Online data is the stuff we produce solely online. That includes social media data, searches on sites like Google, information about our chats and much more. It’s very useful, but it isn’t the whole picture. The other type of data is offline. That includes information about users’ location, payments, and subscriptions and memberships to services. When businesses combine these two types of data, the result is a much fuller and richer customer profile than the one generated by focusing on just one type. But it’s also important to use this data responsibly and honestly, so customers don’t feel like businesses are invading their privacy or spying on them. In the wake of scandals like the Facebook story, people are more concerned about this than ever. So how can this be done? Blockchain technology could be one way to achieve it. Using blockchain to manage data O2OPay is one blockchain-based company aiming to make it easier for businesses to access and use data — online and offline. Through their platform, customers actively share their data with businesses, minimizing the kind of shady ‘monitoring’ practices that have become so widely hated. O2O is clear about only sharing data their users allow, and only offering it to the companies that need it. They’ve pledged not to sell on user data without offering a reward to the person who provided it. Even better, with O2OPay users are rewarded for sharing with tokens that can be exchanged for fiat money. This way, they get paid and businesses get valuable data. When this data is used to improve services and marketing, the customer wins again. Blockchain’s decentralization and transparency help make this kind of system possible. As data becomes more and more relevant in business and everyday life, we’ll need new technologies like this to make sure we get the most out of it. The post appeared first on .
The Federal Reserve Economic Data (FRED) database, a governmental database, is reported to have added four cryptocurrencies to it. FRED Introduces Coinbase Data to Its Database On June 19th, a FRED publication noted that cryptocurrency data compiled from Coinbase, with data originating from 2014 to the current day, will be added to the U.S-based database, reports . The from FRED noted that data will be updated daily, specifically for the prices of Bitcoin, , Litecoin, and Bitcoin Cash, or the four cryptocurrencies which Coinbase currently offers. It is likely that the operators of the database will add more cryptocurrencies in the future, in direct correlation with additions of other cryptocurrencies on Coinbase’s exchange service. Although this is nothing significant in terms of widespread cryptocurrency adoption, this little nod by an important governmental organization shows how the cryptocurrency industry has gained some form of legitimacy. The FRED database, maintained by the St. Louis Fed, has become a resource for economists and journalists worldwide, providing unique data points on a variety of geoeconomic topics. The information contained on the database includes gross domestic product (GDP). exchange rates, and everything in between. Jared Bernstein, chief economist to Joe Biden, acknowledged his love for the resources which FRED offers, stating: “To say ‘I love FRED’ is too weak, too glib. I depend on FRED. I count on FRED to help provide a better future for economic policy.” The addition of cryptocurrency data, albeit rather limited, shows how the industry has evolved from underground assets to an important (and growing) factor in the overall economy. This isn’t the first time that FRED has acknowledged cryptocurrencies, as researchers published five cryptocurrency and blockchain-based articles earlier this year. These topics, seemingly aimed at ‘no-coiners’ included an intro to Bitcoin, blockchain, and cryptocurrencies as a whole. Cryptocurrency Gains Traction with Worldwide Governments Despite declining prices, cryptocurrencies have still been gaining traction, finding occasional common ground with certain governments and organizations, based on traditional systems. Coinbase recently opened up a directly targeted for institutional investors, specifically for cryptocurrency balances worth a minimum of $10 million. With this new program, Coinbase hopes to entice institutional money to invest in the market, providing extremely secure cold storage for crypto assets. Brian Armstrong, figurehead and the CEO of Coinbase said: “Over 100 hedge funds have been created in the past year exclusively to trade digital currency. By some estimates there is $10b of institutional money waiting on the sidelines to invest in digital currency today…” It is likely that institutional investors would use a service like Coinbase Custody to secure their crypto assets, providing layers of nearly impenetrable protection through the use of unique verification techniques. The common ground doesn’t end there, as governments have begun acknowledging this growing industry, by implementing rules and regulations on cryptocurrencies. Governments, like those in and , have recently implemented cryptocurrency exchange rules that are reminiscent of regulations seen with banks. Although regulation has traditionally been viewed as a negative action, it still shows how cryptocurrencies are beginning to seep into classic financial systems, with cryptocurrencies intrusion on these systems causing regulatory bodies to treat cryptocurrencies as a legitimate asset. Featured image from Shutterstock. The post appeared first on .