Month: June 2024

ICO statement on its public sector approach trial

In June 2022 we revised our approach to working with public sector organisations and started a two-year trial, as set out in our open letter at the time. While we have continued to issue fines to public bodies where appropriate, we have also been using our other regulatory tools to ensure people’s information is handled appropriately and money isn’t diverted away from where it’s needed the most. We will now review the two-year trial before making a decision on the public sector approach in the autumn. In the meantime, we…

Learn how to spot the next crash

CryptoX – Cryptocurrency Analysis and News Portal How often have you seen Bitcoin plummet unexpectedly, just an hour or a day after buying a fresh stack? Everyone has faced this frustration, wondering, “If only I knew, I would have bought it later for cheaper.” The good news is that some indicators can help predict these downturns. While some indicators, like the MVRV Z-score and the Pi Cycle Top, help identify market tops, they do not provide insights into short-term downward movements. This is where the on-chain trader realized price comes…

Here’s Why The Bitcoin Bottom Is In, New Highs Imminent: Expert

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Crypto expert Duncan (@FloodCapital) recently expressed a strong conviction that Bitcoin has reached its market bottom and is poised for new all-time highs. His analysis, shared on X (formerly Twitter), provides a detailed examination of the current market dynamics and underlying fundamentals that signal a bullish turn for Bitcoin and potentially other cryptocurrencies. Is The Bitcoin Bottom In? In his in-depth analysis, Duncan pointed out that the crypto market has been underperforming relative to equities over the past few weeks. This trend was a concern until a pivotal development emerged…

CryptoQuant Integrates TRON Data to Empower Users with Enhanced Blockchain Analytics

PRESS RELEASE. Seoul, South Korea, June 26, 2024 – CryptoQuant, a leader in blockchain analytics, is excited to announce the integration of TRON data into its comprehensive analytical platform. This development is set to revolutionize how users interact with and derive insights from the TRON network. CryptoQuant’s enhanced platform now offers expanded capabilities for both […] Source CryptoX Portal

Analyst Foresees Huge Jump to $380

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Injective (INJ), a project known for its cross-chain derivatives protocol, is grabbing headlines after crypto analyst Javon Marks released a bullish prediction. Marks, a popular figure in the crypto space, believes INJ is poised for a “monstrous rally” towards a staggering $380 target. Related Reading This optimistic outlook comes amidst a generally volatile cryptocurrency market, leaving investors to wonder: is Injective really hurtling towards the moon, or is this a case of overzealous enthusiasm? Technical Twinkle: Hidden Bullish Divergence Fuels Optimism Marks’ prediction hinges on a technical indicator known as…

Bitcoin, Ether Options Worth $10B Set to Expire on Friday

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Hut 8 failes to impress at Analyst Day presentation

Public Bitcoin miner Hut 8 disclosed its strategies for keeping up with other market participants during its first analyst day in nearly nine months.  Following a merger of equals last November with U.S. Bitcoin Corp. (USBTC), Bitcoin miner Hut 8 is focusing on capital efficiency, cost control, and profitable growth.  According to a report from H.C. Wainwright’s crypto analyst Mike Colonnese, the plan failed to justify a bullish stance on the stock. Hut 8 CEO and USBTC co-founder Ashen Genoot took the stage in Miami last week during its first…

Ron Wyden on FISA Reform and Crypto

At home, the issue that I know, will present as the second word is bill, it might be medical bill, it might be housing bill, it might be gas bill. It’s all about, you know, the challenge, post-COVID, of coming out and finding a way, with lots of industries no longer being here, a path ahead. And that’s why I come back to people like the software developers, those were kind of my roots. That was my first experience with crypto when a bunch of Senators went to the floor…