Tag: Data

Bitcoin BTC Price Holds Near $25K as Investors Remain Upbeat About Inflation Data, Fed Rate Hikes

Ether was changing hands just above $1,700, about where it stood on Monday, same time. The second largest cryptocurrency has roughly matched BTC’s upswing this week. Other major cryptos spent most of Tuesday healthfully in the green before flattening. APT, the token of layer 1 blockchain Aptos was recently up more than 14%. CRO, the native crypto of crypto exchange Crypto.com, rose about 6%. The CoinDesk Market Index, a measure of the crypto market’s overall performance, climbed 2.4%. Source

Signature Bank regulator says it was closed for not providing data: Report

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The New York Department of Financial Services (NYDFS) shut down Signature Bank for “failing to provide consistent and reliable data” and not because of a bias against crypto, according to a March 14 report from the International Business Times. Signature Bank Board Member Barney Frank had previously accused the regulatory agency of shutting it down merely to “send a very strong anti-crypto message.” According to the report, an NYDFS spokesperson said that the shutdown had “nothing to do with crypto.” Instead, there was “a significant crisis of confidence in the…

Europarliament approves Data Act that requires kill switches on smart contracts

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The European Parliament passed the Data Act on March 14. The comprehensive bill was intended to “boost innovation by removing barriers obstructing access to industrial data.” Among its provisions is an article that would require smart contracts to be alterable.  The legislation established rules for fairly sharing data generated by “connected products or related services,” such as the Internet of Things and “industrial machines.” Eighty percent of industrial data generated is never used, the Europarliament noted in a statement, and this act would encourage greater use of those resources to…

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…