Month: June 2024

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

boss

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

boss

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…

Notcoin (NOT) Develops Falling Wedge Triangle: Rally Looms?

boss

Notcoin (NOT), a relatively new entrant in the cryptocurrency market, has recently formed a falling wedge pattern on its price chart. This technical formation is characterized by converging trendlines that slope downwards, signaling a potential bullish reversal. Typically, a falling wedge pattern occurs after a prolonged downtrend, indicating that the asset’s price is likely to break out to the upside. The emergence of this pattern in Notcoin’s chart is drawing attention from traders and investors who are keen to understand its implications for future price movements. A confirmed breakout from…

Paraguayan Minister Unveils Future Economic Strategy Centered on Bitcoin Mining for Industrial Transition

boss

Javier Gimenez, from the Paraguayan Ministry of Industry and Commerce, revealed that the government plans to take advantage of the energy sold to legal bitcoin mining operations. Gimenez stated that selling Paraguay’s energy to bitcoin mining companies is part of the government’s strategy, which seeks to rebuild its industry in three years as part of […] Original

Komodo CTO on the importance of deflationary tokenomics as environmental strategy

In an interview with crypto.news, Kadan Stadelmann, CTO of Komodo, describes the need to integrate sustainable practices and deflationary mechanisms to advance the blockchain industry while addressing environmental concerns. Blockchain technology is at a crossroads where the demand for sustainable tokenomics and environmental consciousness is reshaping the industry. As the world grapples with climate change, blockchain projects are innovating to minimize their ecological footprint. Deflationary mechanisms, such as token burning, are not just financial tools but part of a broader strategy to create a greener, more sustainable economic model. It…