Bitcoin (BTC) Price Rise Beyond $69K Is Capped by Large Sell Orders on Binance

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…

ICO warns charities about direct marketing rules as it orders Penny Appeal to stop sending spam texts

The Information Commissioner’s Office (ICO) has ordered a charity to stop sending unsolicited marketing texts to people without their consent, as it reminds all charities of their legal obligations. Penny Appeal, based in Wakefield, sent more than 460,000 unsolicited texts over a ten-day period to 52,000 people who had never provided their consent, or who had clearly opted out. The texts were sent between April and May 2022 to coincide with Ramadan, encouraging people on a daily basis to donate to the charity’s appeals. This resulted in 354 complaints to…

ICO orders Serco Leisure to stop using facial recognition technology to monitor attendance of leisure centre employees

Regulator issues enforcement notices ordering Serco Leisure and community leisure trusts to stop using FRT and fingerprint scanning to monitor workers’ attendance Employees are not offered a clear alternative to having their faces and fingerprints scanned to clock in and out of the workplace Warning comes as the ICO today publishes new guidance for organisations on processing biometric data lawfully  The Information Commissioner’s Office (ICO) has ordered public service provider Serco Leisure, Serco Jersey and seven associated community leisure trusts to stop using facial recognition technology (FRT) and fingerprint scanning…

Buy Orders Dominate As ADA Price Soars

Cardano is currently riding on the back of a modest 3.76% gain in the past seven days with the cryptocurrency on its way to the $0.55 level which will define its short-term price trajectory. On-chain data shows that the bulls are working hard in the background to push the crypto toward this price point, as evidenced by the buy orders piling up. Particularly, Cardano has experienced a surge in buy orders, tipping the bid-ask volume imbalance in the direction of the bulls. With so many buyers and so few sellers,…

Thai SEC Orders Zipmex to Suspend Digital Asset Trading and Brokerage Services

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Analysts hint to short-term panic orders amid Bitcoin’s drop

For the first time since the beginning of the year, Bitcoin (BTC) fell below the $40,000 level, leading to panic in the market. Analysts at the Greeks.live service noted that the fall of BTC below $40,000 on the night of Jan. 22-23 led to a certain number of short-term panic orders on the market, and the bearish strength of the market has increased. However, overall, long and short positions are relatively balanced, and it is still a “fierce game.” Bitcoin fell below the $40,000 as short-term IVs recovered. Overall VRP(volatility…

Solana Saga Orders Scrapped As $30 Million BONK Token Package Overshadows Device’s Value

Solana (SOL) and its associated meme coin, Bonk (BONK), have witnessed remarkable surges in value, with SOL recording gains of over 71% and Bonk experiencing an astonishing 342% increase over the past 30 days.  The positive growth within the Solana ecosystem has resulted in a surge in demand for the flagship mobile device, Solana Saga. However, the Solana Mobile team recently addressed challenges in meeting the “overwhelming demand” and explained order cancellations and inventory management issues. Solana Mobile Faces Inventory Mishap Over the past month, SOL has seen a significant…

Solana Cancels Some Orders for Saga Phones Due to Inventory Management Issue

Following a spike in demand, Solana has canceled some orders of Saga mobile phones due to shortages. Demand rose due to the free 30 million BONK tokens that come with the phone. Solana Labs might have already had a win on its hands with its blockchain and native token which have become some of the biggest in the industry. But the company decided last year to enter the mobile phone business by releasing the Solana Saga, an Android phone that came with Solana apps pre-installed and many other features that…