Month: June 2023

Bitcoin traders weigh next move with BTC price at crucial 200-week trendline

boss

Bitcoin (BTC) cooled the volatility into the June 8 Wall Street open as market participants waited for signals. BTC/USD 1-hour candle chart on Bitstamp with 200WMA. Source: TradingView BTC spot clings to 200-week moving average Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling a key long-term trend line near $26,500. After flash volatility surrounding industry news events, the pair returned to sideways trading after bouncing from three-month lows. Now, the 200-week moving average (WMA) formed a critical focus. “We are currently sitting right on the 200WMA,” trading suite…

EU to use blockchain for educational and professional credential verification

The European Commission has made moves to implement blockchain technology to transform the way educational and professional credentials will be verified across borders. In an announcement on June 7, the Web3 and blockchain solutions provider Protokol revealed a collaboration with the EBSI Vector project, which is an EU-funded project creating a decentralized framework for cross-border verification. The project will use blockchain technology to develop the forthcoming credential verification solution, which aims to simplify the process for EU citizens to have their credentials recognized and accepted in different countries. Lars Rensing…

Meta Soon to Bring Broadcasting Tool ‘Channels’ for WhatsApp

WhatsApp Channels will function as a one-way broadcast tool allowing admins to send photos, texts, videos, stickers, and polls. Facebook parent Meta (NASDAQ: FB) has recently confirmed that it will soon debut its broadcasting feature Channels for its most-popular messaging service WhatsApp. Speaking on the development on Thursday, June 8, Meta said that the new Channels feature is similar to a “private broadcast service” wherein individuals and organizations can send messages as well as updates to followers which are different from the kinds of interpersonal communications that happen between WhatsApp users.…

How low can BNB price go?

boss

The market capitalization of BNB (BNB) has dropped by more than $7 billion since June 5, when the United States Securities and Exchange Commission (SEC) filed a lawsuit against Binance. BNB price eyes technical bounce The impact of the SEC lawsuit on Binance has been substantial so far, with BNB down nearly 15% week-to-date. BNB daily market capitalization. Source: TradingView On June 6, the SEC requested the U.S. District Court for the District of Columbia to freeze Binance’s U.S. assets worldwide. The order, if passed, will likely force the exchange…

Australia’s Commonwealth Bank to Partially Restrict Payments to Crypto Exchanges

“With the incidences of scams increasing and in many cases customers suffering significant losses from being scammed, the introduction of 24 hour holds, declines and limits on outbound payments to cryptocurrency exchanges will help reduce both the number of scams and the amount of money lost by customers,” James Roberts, Commonwealth’s general manager of fraud management, said. Source

regulation and AI discussed at Money20/20

In an era marked by rapid digitalization, Tales From the Crypto, a panel at the Money20/20 event held today, offered deep insights into the emerging trends of crypto investments and the regulatory landscape. Steve McNew of FTI Consulting helmed the discussion, elucidating how digital asset custody platforms navigate the intriguing intersection of web2 and web3. Bridging the investment divide Martin Dave, co-founder of Palisade, a digital asset custody platform based in the UK and France, led the conversation. Palisade is a frontrunner in bridging the gap between traditional investments and…

Crypto ads face stricter rules, referral bonus ban by UK FCA

boss

In a June 8 announcement, the United Kingdom’s Financial Conduct Authority (FCA) said that from Oct. 8, advertisers of crypto services in the U.K. would be subjected to stricter regulations. The watchdog has mandated that crypto companies in the U.K. implement a “cooling-off period” for first-time investors. Additionally, as part of measures to enhance investor awareness of risks, the FCA has prohibited using “refer a friend” bonuses by firms in the sector. Sheldon Mills, executive director of consumers and competition at the FCA, said in the written statement that while…