Tag: Data

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…

US legislators renew call for EPA investigation of crypto mining emissions data

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United States Senator Edward Markey and Representative Jared Huffman announced on March 3 that they would reintroduce the Crypto-Asset Environmental Transparency Act in Congress. The move comes ahead of a Senate hearing on the environmental impact of crypto mining, which Markey will chair on March 7. Markey and Huffman first introduced the bill in December, in the previous Congress. Senator Jeff Merkley acted as a co-sponsor in the Senate. The bill would require crypto mining companies to disclose emissions for operations that consume more than 5 megawatts of power and…

Bitcoin ‘millionaires’ increased 140% as BTC price crossed $20K — data

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Bitcoin (BTC) millionaires are made when the BTC price crosses $20,000, data reveals. According to on-chain analytics firm Glassnode, there are currently over 67,000 BTC wallets worth $1 million or more. $20,000 makes 50-BTC hodlers happy Bitcoin is famous for its relationship with the $20,000 price tag. Prominent since becoming the all-time high of Bitcoin’s previous halving cycle, $20,000 is more than just a technical and psychological line in the sand. As Glassnode now shows, when BTC/USD crosses that price point, many hodlers either gain or lose U.S. dollar millionaire…

Derivatives data highlights crypto traders’ positive sentiment and belief in further upside

The recent weakness in the crypto market has not invalidated the six-week-long ascending trend, even after a failed test of the channel’s upper band on Feb. 21. The total crypto market capitalization remains above the psychological $1 trillion mark and, more importantly, cautiously optimistic after a new round of negative remarks from regulators. Total crypto market cap in USD, 12-hour. Source: TradingView As displayed above, the ascending channel initiated in mid-January has room for an additional 3.5% correction down to $1.025 trillion market capitalization while still sustaining the bullish formation.…

ICO publishes SME Data Essentials pilot evaluation report

The ICO is here to help SMEs unlock the value of the personal information they hold, responsibly. Getting good data practices in from the start will save organisations time and money and boost customer confidence. We have recently completed a pilot programme with up to 60 SMEs from across the UK, in which they have been trialling an e-learning and self-assessment programme. Named SME Data Essentials, it is aimed at empowering organisations to become better equipped to manage their own data compliance. Today we have published the pilot’s evaluation report…

ICO statement following Scottish Government’s consensual data protection audit

The Scottish Government has committed to implementing a series of recommendations, following an audit from the Information Commissioner’s Office (ICO). This will lead to improvements in the way people’s data is handled by the Scottish Government. In 2022, the ICO carried out a consensual data protection audit of various directorates of the Scottish Government. While the ICO observed existing good practice, there are crucial areas the Scottish Government needs to improve on. Areas identified for improvement include: Carrying out a data flow mapping exercise to fully understand how data is…