Month: July 2024

How we help police forces comply with FOIA – and what we do if they don’t

Phillip Angell is Head of FOI Complaints and Appeals The fundamental right to ask questions of and hold public authorities to account is a cornerstone of our democracy. Every day our lives are enhanced by the release of information that empowers us to make informed choices. Take restaurant hygiene ratings or car make and model MOT test failure rates – these were once kept from the public but are now proactively published, enabling people to make informed decisions. As regulator of the Freedom of Information Act 2000 (FOIA), our role…

Interactive Brokers Cites 'Administrative Challenges' to Delay Prediction Exchange Launch

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The launch of ForecastEx, a prediction exchange specializing in economic and climate events, has been postponed until later in the summer due to administrative issues, according to Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers. ForecastEx Market Designations Approved ForecastEx, a wholly-owned subsidiary of Interactive Brokers Group, has received the required designations from the Commodity Futures Trading Commission (CFTC) to operate as a contract market and derivative clearing organization. The exchange was originally planned to begin operations on Monday, July 8, 2024. Steve Sanders informed Traders Magazine…

Clandestine Bitcoin Mining Survives Government Ban in Venezuela, Albeit at Small Scale

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According to local reports, clandestine bitcoin mining is thriving again in Venezuela, albeit at a small scale after the government ordered to disconnect all Bitcoin mining operations from the power grid. Local ASIC stores are still selling miners for small operations, that survive by hiding their farms in undisclosed locations. Clandestine Bitcoin Mining Rises Again […] Original

8 Reasons Why The Bitcoin Bear Phase Is Just A ‘Boogeyman’

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While the Bitcoin price hasn’t reclaimed the crucial $60,000 level to reenter the previous 4-month trading range, Ikigai Asset Management Chief Investment Officer (CIO) Travis Kling thinks that the current bearish phase is not more than a “boogeyman.” Via X, Kling listed eight reasons to be bullish on Bitcoin. He stated: “NFA. I’m wrong often. The current “bearish” backdrop seems easier to look through and buy than most of the boogeymen we’ve had in these markets over the last 6 years.” #1 Rapid Bitcoin Liquidations By Germany Travis Kling observes…

BlackRock’s IBIT ETF holds $18b in BTC amid continuous inflows

BlackRock’s iShares Bitcoin Trust (IBIT) now holds over $18 billion in Bitcoin (BTC) as inflows continue into the ETFs.  According to data provided by Farside Investors, spot BTC ETFs saw $216.4 million in inflows on Tuesday, recording their third day of consecutive inflows. The total amount of inflows currently stands at $15.2 billion. Data shows that the IBIT ETF saw $121 million in inflows on July 9 — helping the investment product surpass a total market cap of $18.04 billion. Interestingly, BlackRock’s spot BTC ETF witnessed only one day of…

US Senate Suggests Blockchain Can Enhance National Security

The United States Senate Committee on Armed Services recently recommended exploring Blockchain usage to enhance the country’s national security.  The Committee issued a report directing the Department of Defense (DoD) to consider the emerging technology and test its potential applications within the defense sector. US Senate Military Committee Calls For Blockchain Development The US Military Senate Committee issued the National Defense Authorization Act (NDAA) for the fiscal year 2025. In the report, the committee authorized next year’s appropriations for military activities of the Department of Defense and military construction. The…

Bitcoin Loses Correlation With US Equities As Supply Challenges Mount

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In recent months, the correlation between surging US equities and Bitcoin (BTC) has shown signs of collapse, as the cryptocurrency faces a combination of excess supply and weakened demand that has led to an over 20% price drop from June highs above $70,000 for the largest cryptocurrency on the market.  Bitcoin Correlation With Nasdaq 100 According to Bloomberg, the 90-day correlation coefficient between Bitcoin and the Nasdaq 100 index dropped to 0.21 on Tuesday, marking its lowest level since the beginning of May. This decline reflects a more than 50%…

Bitcoin Traders Beware: Analyst Warns Of Potential Traps Amid Price Fluctuations

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In a recent episode of Crypto Banter’s “The Sniper Trading Show,” the analyst dissected Bitcoin, discussing various hurdles and approaches to handle trading through these challenges. With Bitcoin currently teetering around the $57,403 mark, up by 2.4% in the past 24 hours yet still down 21.9% from its March peak, the market sentiment is cautiously tinged. This cautious stance is echoed by the Crypto Fear and Greed Index, which the analyst shows stands at a wary 28, indicating that buyers are getting “cold feet”—a sentiment that historically signals buying opportunities…