Day: June 10, 2024

France’s President Emmanuel Macron Calls a Surprise Election That is Unlikely to Stir Crypto but Will Shake Up Government

Last year the EU, a trading bloc of 27 nations, passed a wide-ranging, first-of-its-kind package for crypto called the Markets in Crypto Assets (MiCA) legislation. The rules allow crypto companies to operate across the EU if they secure a crypto asset service provider license in any member nation. The package is set to take effect for stablecoin issuers on June 30 and the rest of the legislation will be active by the end of the year. Source

Crypto Custody Firm Fireblocks Partners With Coinbase (COIN) International Exchange

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Customers can use Fireblocks’ policy engine to configure user roles, governance policies, and approval workflows for exchange deposit and withdrawal operations to protect against an insider unilaterally moving funds from an exchange account. They can also deposit, withdraw, and rebalance across the Fireblocks Console or API and monitor all connected account balances, according to a press statement. Source

Ethereum Technical Analysis: ETH Faces Tight Trading Range Under Resistance

Ethereum (ETH) continues to showcase its volatility and potential for strategic trading. As of June 10, 2024, ethereum’s price stands at $3,677, reflecting a daily range of $3,654 to $3,714. Ethereum Ethereum’s 1-hour chart reveals short-term volatility, with ether’s price testing lower levels around $3,642 and struggling to maintain above $3,700. Key support is identified […] Source CryptoX Portal

ICO to investigate 23andMe data breach with Canadian counterpart

The Information Commissioner’s Office (ICO) and the Office of the Privacy Commissioner of Canada (OPC) have launched a joint investigation into the data breach that happened in October 2023 at the global direct-to-consumer genetic testing company 23andMe.  UK Information Commissioner John Edwards and Privacy Commissioner of Canada Philippe Dufresne will investigate the 23andMe breach jointly, leveraging the combined resources and expertise of their two offices.  23andMe is a custodian of highly sensitive personal information, including genetic information which does not change over time. It can reveal information about an individual…

Shiba Inu Price Could Skyrocket By 1,100%, Predicts Analyst

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In an analysis, Moataz “Eljaboom” Elsayed, a crypto analyst and Forbes 40 under 40 nominee, has forecasted a significant surge in the value of Shiba Inu (SHIB). According to Elsayed, the meme-based cryptocurrency is poised for a potential increase that could see its value reach $0.00024, marking an unprecedented 1,105% gain from its current levels. Shiba Inu Price Set To Skyrocket 1,100%? In a review of SHIB’s price activity on the weekly chart (SHIB/USDT), Elsayed pinpointed a repeating pattern that initially occurred during the second quarter of 2021, shortly after…

Fidelity International Tokenizes Money Market Fund on JPMorgan’s Blockchain

“Tokenizing our money market fund shares to use as collateral is an important and natural first step in scaling our adoption of this technology,” Stephen Whyman, Fidelity International’s head of debt capital markets, said in an email interview. “The benefits to our clients and the wider financial system are clear; in particular, the improved efficiency in delivering margin requirements and reduction in transaction costs and operational risk.” Source

Social Media Influencer Dan Bilzerian Contemplates Cryptocurrency Venture

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In a recent social media post that garnered over a million views, Dan Bilzerian, the American poker player and businessman known for his high-stakes games and lifestyle brand Ignite International, expressed interest in creating his own cryptocurrency. Bilzerian, who has distanced himself from any existing cryptocurrencies using his name, hinted at the possibility of launching […] Source

Bitcoin (BTC) Price Little Changed After Liquidation Rout

Bitcoin was little changed over the weekend following a $400 million liquidation rout on Friday. BTC fell to under $69,000 from over $71,000 after U.S. non-farm payrolls data came in stronger than expected, which saw open interest and trading volume slump. Since Friday, the number of unsettled futures contracts across various tokens slid to $60 billion from $99 billion, suggesting traders significantly pared bets. However, analysts at Presto Research told CoinDesk that they expect market volatility to return in the week ahead with macroeconomic catalysts such as the CPI release…