Day: February 27, 2023

ICO statement following Scottish Government’s consensual data protection audit

The Scottish Government has committed to implementing a series of recommendations, following an audit from the Information Commissioner’s Office (ICO). This will lead to improvements in the way people’s data is handled by the Scottish Government. In 2022, the ICO carried out a consensual data protection audit of various directorates of the Scottish Government. While the ICO observed existing good practice, there are crucial areas the Scottish Government needs to improve on. Areas identified for improvement include: Carrying out a data flow mapping exercise to fully understand how data is…

Tel Aviv Stock Exchange Plans to Let Customers of its Non-Bank Members Trade Crypto

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

BTC Consolidates Ahead of Big Week of Economic Data – Market Updates Bitcoin News

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Bitcoin consolidated below the $24,000 level on Feb. 27, as cryptocurrency markets prepared for a big week of economic data. Durable goods orders from the United States will be released later today, with consumer confidence figures set for Tuesday. Ethereum rose back above $1,600, following a breakout on Sunday. Bitcoin Bitcoin (BTC) has largely been in consolidation in today’s session, as markets prepare for a big week of U.S. economic activity data. Following a low of $23,165.23 on Sunday, BTC/USD rose to an intraday high of $23,654.37 earlier in today’s…

Betting Against Bitcoin Was Popular Move Last Week

Short-bitcoin funds saw inflows of $10 million last week compared with outflows of $12 million from long positions, according to crypto asset manager CoinShares, as upbeat U.S. economic data weakened investors’ appetite for risky assets. BTC fell below $23,000 on Saturday, its lowest point since Feb. 15. Short-bitcoin funds, which profit from a decline in the price of BTC, saw inflows last week while the price of bitcoin fell over 3% after it failed to consolidate above $25,000. “We believe this reaction reflects nervousness amongst U.S. investors prompted by the…

Tel Aviv Stock Exchange Proposes Allowing Crypto Trading

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The Tel Aviv Stock Exchange (TASE) has become another traditional trading floor to hop on the accelerating cryptocurrency wagon by allowing customers to transact digital assets. On Monday, TASE started a public discussion on draft rules to approve Non-Banking Members (NBMs) to trading cryptos. The proposed structure allows customers to deposit fiat money for investment in cryptocurrency, which licensed providers will trade. The Non-Banking Members will act as intermediaries between the customer and the trading and custodial services providers. When a customer places the order to buy or sell cryptocurrency,…

74% of survey participants say they buy NFTs for status

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According to metaverse platform, Metajuice, almost three out of four of the nonfungible token (NFT) collectors on its platform purchase NFTs for status, uniqueness and aesthetics. While current NFT sales are not as high as during the peak in 2021, the space still holds on, with users giving various reasons for buying NFTs. Top 10 blockchains by NFT sales in the last 24 hours. Source: Cryptoslam In an announcement sent to Cointelegraph, Metajuice highlighted that their team surveyed over 6,000 NFT users to discover the motivations behind NFT purchases. The…

Brazilian Digital Real Passes Public Blockchain Pilot Test With Flying Colors – News Bitcoin News

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A tokenized version of the digital real, the Brazilian central bank digital currency (CBDC), has passed a public blockchain pilot test successfully. The test, which was carried out by Mercado Bitcoin, a local exchange, using the Stellar network, shows that the digital real token can be used in public blockchains following all compliance rules set by Brazilian laws. Digital Real Completes Stellar Blockchain Test The digital real project, a Brazilian initiative for building a central bank digital currency, is advancing toward its possible issuance. Mercado Bitcoin, a local exchange, informed…

Cryptocurrencies Resilient Despite Weaker Equity Markets, Increased Regulatory Activity: Citi

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…