Bitcoin’s on-chain transfer volume grew considerably over the past month, ultimately hitting a 1-year high of 3.2 million BTC on September 9. At the same time, visible on-chain exchange activity has been dropping; only 3.6% or 115,000 BTC were transacted via trading platforms on the day. Bitcoin on-chain transfer volume. Source: Glassnode. Bitcoin fund flow ratio. Source: CryptoQuant. This does not necessarily mean that the exchange trading volume has declined, as trading on centralized exchanges almost always happens off-chain — if anything, it has gone up. Bitcoin exchange trading volume. Source: Kaiko. Most on-chain activity is registered on centralized exchanges …

The Blockchain Transparency Institute, or BTI, has published its market data integrity report for 2020. This report found a threefold improvement in the quality of data on veteran crypto rankings site, CoinMarketCap. “Only 31% of the [CoinMarketCap] top 25 is being wash traded compared to over 90% just 1 year ago, a 3x improvement with their new rankings system,” the report states. Research for the report was compiled as part of “BTI Verified,” an initiative launched by BTI to analyze the problem of crypto exchange data being distorted by wash trading. Despite the improvement over the past year, CMC was …

Singapore-based blockchain data firm CyberVein has become one of 12 firms participating in the construction of China’s Hainan Wenchang International Aerospace City. Construction commenced last month, with the site previously hosting a satellite launch center. Described as “China’s first aerospace cultural and tourism city,” it will be a hub for the development of aerospace products and support services intended for use in Chinese spacecraft and satellite launch missions. The 12-million-square-meter facility will host the country’s first aerospace super-computing center, and will focus on developing 40 technological areas including big data, satellite remote sensing and high precision positioning technology. CyberVein will …

Since the advent of blockchain technology in 2008, we have seen an ongoing sense of fortune, and several industries have been, and still are, grateful participants. The enormous boom will undoubtedly cause many other businesses to come aboard this train and completely step up their operations. Food industry Blockchain tech in the food industry will make the process of food production, distribution and storage completely transparent. The decentralized ledger system will provide easy access to vital information about the food product you are buying, from when it was grown to when it reached the market and how long it has …

Blockchain data storage and privacy start-up Sharder wants to increase its data storage space as it looks to provide the storage hub for the Island blockchain application. The new application, called Boxes, punches up Sharder’s storage by an additional 96 terabytes. It’s current storage hub currently handles 32 terabytes. Sharder chief marketing officer Paul Rogash told Cointelegraph Boxes will act as the storage hub for Island and will come out in the third quarter of this year. “Boxes will interact with other blockchain applications where we can give more security and storage space,” Rogash said. “One of its key uses …

According to data from Glassnode, the exchanges it tracks currently hold 2.6 million Bitcoin. That is the lowest this amount has been since November 2018. Bitcoin balances on exchanges. Source: Glassnode. The trend toward users withdrawing their funds from the custodial exchanges first manifested itself right after Black Thursday. Since that time, approximately 300,000 BTC has left exchanges in what appears to be a mass exodus. This may be considered a bullish indicator, as it might imply that users do not intend to sell their assets anytime soon. The recent movement coincides with the recent bull run which saw the …

The Tokyo District Court has issued Japan’s first ever crypto seizure. $46,000 worth of Bitcoin (BTC) was expropriated in relation to a hack suffered by the Coincheck exchange in 2018. Kyodo reported that police have already seized the BTC, which was held by a doctor from Hokkaido and an executive from the Osaka Prefecture. The two men were arrested in connection with the hack. They are accused of knowingly purchasing the stolen NEM (XEM) through a dark web market, violating organized crime laws in the country. As Cointelegraph reported in January 2018, Coincheck suffered a record-breaking hack when $534 million …

A branch of China’s state-backed grid released its first blockchain-powered blackout insurance policy issued to the chairman of a local company that needed to compensate for a power outage loss suffered recently. According to Shupeidian, Zhejiang Ningbo Power Supply Company, in partnership with Yingda Taihe Property Insurance Co., Ltd., released the policy to a sprinkler manufacturing company in Ningbo, Zhejiang province. Both companies believe that the process of issuing insurance via a blockchain network provides a commercial solution to compensate for the loss caused by an electric outage in a faster and expedited way. Sharing data between parties involved through …

Passport data from 1.14 million Russians is now available for sale on underground shops via the dark web. This data was stolen from citizens who voted in the country’s recent constitutional reform referendum, which utilized Blockchain technology. According to Kommersant, quoting information provided by the hackers, illegal sellers have already sold over “30 thousand lines” of a document that contains the leaked data. Lines are listed at a cost of $1.50 each, but the price-per-line goes as low as $1 for parties purchasing the data in bulk. Although passport data cannot necessarily be used for sensitive purposes, the sellers claim …

Honeywell International Inc has created a blockchain-based system to solve the complex documentation and data storage processes of the aerospace industry. The company announced that its blockchain subsidiary GoDirect Trade will integrate the aircraft record generation process into its blockchain system. Doing so will allow Honeywell customers to search aerospace parts and service data through its interface. Making data handling more efficient In its present state, data related to aerospace parts and services are scattered across computer systems and hard copies. This results in airline companies and operators sometimes losing important documents that are crucial for proving the legitimacy of …

The average performance across Ethereum (ETH)-based assets has been a nearly 130% year-to-date (YTD) gain, according to data published by market data aggregator Messari. The data provides an overview of the 178 assets that currently exist on Ethereum, totaling a combined market capitalization of $63.7 billion — just shy of 20% of the entire crypto capitalization. Including stablecoins, 124 of the assets have posted a YTD gain, meaning that 70% of Ethereum-based tokens have increased in value despite the shocks felt across the global economy amid the COVID-19 pandemic. 70% of ETH-based assets post gains 10 ETH-based tokens have posted …

Over the past few weeks, TikTok has found itself in hot water over security issues. First, it was axed in India along with 58 Chinese apps for “stealing and surreptitiously transmitting users’ data in an unauthorized manner.” Later, it became a major target for Trump’s administration against the backdrop of America’s faltering relationship with China and was even banned for Wells Fargo and Amazon employees, with the latter later retracing the news, saying it did not intend to prohibit using TikTok. While the censure of TikTok’s data collection habits seems to stem from mostly geopolitical reasons — its harshest critics …