Nansen – Coin Network News

Ether Selling Pressure Post-Shanghai Upgrade Was 'Non-Event,' Says Nansen

juan — Wed, 10 May 2023 21:24:38 +0000

The number of staked ether has climbed to 19.55 million, a new all-time high, as ETH staking deposits surpassed withdrawals.

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Only a Tiny Amount of ETH Is Poised to Be Withdrawn After Ethereum Shanghai Upgrade, Nansen Says

juan — Thu, 13 Apr 2023 06:32:22 +0000

The blockchain analytics firm says nearly 4,000 validators have already unstaked 141,499 ETH (worth about $270 million) that’s currently waiting to be withdrawn. This represents less than 1% of Ethereum’s total validators and staked ETH, according to Nansen. Crypto exchange Huobi is waiting to remove almost 40,000 ETH, making it the largest entity in the withdrawal queue.

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Circle’s USDC Stablecoin Endures $1B Net Redemptions Since Silicon Valley Bank Shutdown, Nansen Data Shows

juan — Sat, 11 Mar 2023 01:33:22 +0000

USDC is the second-largest stablecoin, trailing only Tether’s USDT, and a backbone of the crypto ecosystem. The token’s value is backed by U.S. government bonds and cash-like assets, including a total $11.1 billion of cash deposits at various regulated banks, according to Circle’s website.

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Blur Surpassed OpenSea in Daily NFT Trading Volume Wednesday, Nansen Shows

juan — Sat, 18 Feb 2023 19:03:57 +0000

NFT marketplace OpenSea’s dominance in the NFT ecosystem faces a growing challenge from Blur’s rapid ascent.

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AI to feature prominently in the crypto user experience — Nansen CEO

juan — Thu, 09 Feb 2023 15:59:03 +0000

As the crypto industry attracts more users, developers are laser-focused on improving user experience, a major pain point for most new users. Artificial Intelligence has often been seen as a technology that could improve how people use and interact with crypto. In the latest episode of Hashing It Out, the integration of AI with crypto is discussed at length.

Cointelegraph’s Elisha Owusu Akyaw (GhCryptoGuy) interviewed Nansen CEO Alex Svanevik about the importance of on-chain data and the use of artificial intelligence in crypto in Episode 8 of Hashing It Out.

The narrative that artificial intelligence is taking over has intensified with the popularity of OpenAI and applications like ChatGPT. The trend has also extended into the crypto industry, which has witnessed a price surge in tokens associated with AI-related crypto projects. Svanevik is certain that AI will be integrated into cryptocurrency applications in a way that will significantly improve user experience.

He explained that similar to Bing integrating ChatGPT, several crypto on-chain data platforms will use AI to help users find information more easily. According to the Nansen CEO, most of the results that platforms show users currently require substantial work, which can be changed to human-readable content with artificial intelligence.