Tag: Data

US Inflation Data Eases Concerns; Crypto Economy Jumps 11% Higher While Market Analysts Anticipate Fed’s Next Decision – Bitcoin News

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The U.S. Labor Department released the consumer price index (CPI) report on Tuesday. Although inflation increased in February year-over-year, the rise was expected, and the annual inflation rate for all items was 6%. The cooling inflation has eased some concerns, but fears of financial contagion have spread. Market strategists are further anticipating the U.S. central bank’s decision regarding the federal funds rate. Market Awaits Fed’s Decision on Interest Rates After CPI Report In February, inflation was consistent with expectations, with the consumer price index (CPI) increasing by 0.4% last month,…

Bitcoin Rallies Following News on US Inflation Data for February

Bitcoin hit an upswing ahead of the Fed’s inflation-focused meeting on March 22nd to decide rate hikes.  The price of Bitcoin (BTC) climbed sharply on news that US inflation had met Dow Jones and Nomura estimates. In February, US inflation rose 0.4% month-on-month and 6% year-on-year as the Federal Reserve readies its next rate hike exercise. Can Bitcoin Hit $30K on Momentum of Latest US Inflation Report Bitcoin price soared after the US inflation report, pushing past the $25K threshold, and currently sits at $26,014.33. This development already has analysts and…

ICO shares resources to help designers embed data protection by default

The ICO has produced new guidance to help UX designers, product managers and software engineers embed data protection into their products and services from the start. Announced at the ICO’s ‘Privacy, Seriously’ event, the guidance looks at key privacy considerations for each stage of product design, from kick-off to post-launch – you can read it in full here. It includes both examples of good practice and practical steps that organisations can take to comply with data protection law when designing websites, apps or other technology products and services. The ICO…

Circle’s USDC Stablecoin Endures $1B Net Redemptions Since Silicon Valley Bank Shutdown, Nansen Data Shows

CryptoX – Cryptocurrency Analysis and News Portal USDC is the second-largest stablecoin, trailing only Tether’s USDT, and a backbone of the crypto ecosystem. The token’s value is backed by U.S. government bonds and cash-like assets, including a total $11.1 billion of cash deposits at various regulated banks, according to Circle’s website. Source The post Circle’s USDC Stablecoin Endures $1B Net Redemptions Since Silicon Valley Bank Shutdown, Nansen Data Shows appeared first on CryptoX. CryptoX Portal

Bitcoin price falls to a multi-month low, but data points to a possible short-term bounce

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March started off on a low due to a resurrection of inflationary fears. On March 7, hawkish comments from United States Federal Reserve chairman Jerome Powell amplified the market’s expectation of a 50-basis point hike in the upcoming policy rate meeting on March 22 to March 23.  On March 8, the U.S. government’s $1 billion Bitcoin (BTC) transfer of assets seized from Silk Road sparked fears of a sell-off. Later on the same day, the largest crypto-friendly bank confirmed its collapse and planned to liquidate its crypto positions voluntarily. The…

John Edwards, Information Commissioner, delivers a keynote speech at IAPP Data Protection Intensive UK.

Hello, thank you for having me here today at the Data Protection Intensive. I spoke to you last year, three months into my role, and I told you all what I was planning to do in my first year. Now, I’m over a year in. Rather than list all the things I and the ICO have done over the past year, I thought it’d be easier to show, not tell. I want to show you what I’ve done so far. Roll the tape… As you saw in the video, we’ve…

ICO statement on re-introduction of Data Protection and Digital Information Bill

Today, Wednesday 8 March, the Data Protection and Digital Information (DPDI) Bill is due to be re-introduced to Parliament. The ICO has issued the following statement and a full press release from the Department of Science, Innovation and Technology can be viewed here. “I welcome the reintroduction of the Data Protection and Digital Information Bill and support its ambition to enable organisations to grow and innovate whilst maintaining high standards of data protection rights. Data protection law needs to give people confidence to share their information to use the products…

Ethereum price action and derivatives data confirm bears are currently in control

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The price of Ether (ETH) declined 6% between March 2 and 3, followed by tight-range trading near $1,560. Still, analyzing a wider time frame provides no clear trend, as its chart can point to a descending channel or a slightly longer seven-week bullish pattern. Ether (ETH) price index in USD, 1-day. Source: TradingView Ether’s recent lack of volatility can be partially explained by the upcoming Shanghai hard fork, an implementation aimed at allowing ETH staking withdrawals. Those participants were each required to lock 32 ETH on the Beacon Chain to…

BTC may need to dip to $19.3K to cool Bitcoin profit-taking — new data

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Bitcoin (BTC) would need to return below $20,000 to reset a key metric which covers speculative profit-taking, data shows. In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode revealed that short-term holders (STHs) may be dictating BTC price resistance. Profit-taking reinforces resistance levels As BTC/USD climbed towards $25,000, STHs — those holding coins for 155 days or less — began to see substantial returns on their investments. This was captured by the market value to realized value (MVRV) metric, which compares the Bitcoin market cap…