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60 Organizations Launch Campaign Urging US Congress To Protect Privacy

01 Feb 2023

Litecoin raced to a nine-month high on Feb. 1, following a breakout of a key resistance level. The surge in price comes as the global cryptocurrency market cap rose marginally higher today, and is up by 0.57% as of writing. Cosmos was another notable mover, with prices up for a second straight session.

Litecoin (LTC) surged to a nine-month high on Wednesday, as prices rose past a key resistance level.

LTC/USD hit a peak of $97.73 earlier in today’s session, less than 24 hours after trading at a low of $93.05.

As a result of the surge, litecoin rose to its strongest point since May 5, when prices were at a high of $106.86.

Looking at the chart, the move took place following a breakout of a ceiling at $95.50, and came as the relative strength index (RSI) collided with a resistance of its own.

As of writing, the index is tracking at 65.96, which is marginally below a resistance level at 66.00.

Since approaching this point, earlier gains have somewhat declined, with LTC now trading at $95.58.

Cosmos (ATOM) was another notable mover in today’s session, with the token climbing for a second straight day.

Following a low of $13.15 on Tuesday, ATOM/USD moved to a peak of $13.84 earlier in the day.

Wednesday’s rally saw cosmos move above a ceiling at $13.50, nearing its highest point since November 8 in the process.

Whilst this resistance level was broken, the 14-day RSI was approaching one of its own at 66.00.

As of writing, the index is tracking at 61.77, after it bounced from a support point at 58.00

Should this ceiling at 66.00 be hit, it is likely that ATOM could be trading above the $14.00 mark.

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Tags in this story
Analysis, atom, Cosmos, litecoin, LTC

Do you expect cosmos to climb past $14.00 this week? Let us know your thoughts in the comments.

Eliman brings an eclectic point of view to market analysis. He was previously a brokerage director and online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework

Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.

Litecoin raced to a nine-month high on Feb. 1, following a breakout of a key resistance level. The surge in price comes as the global cryptocurrency market cap rose marginally higher today, and is up by 0.57% as of writing. Cosmos was another notable mover, with prices up for a second straight session.

Litecoin (LTC) surged to a nine-month high on Wednesday, as prices rose past a key resistance level.

LTC/USD hit a peak of $97.73 earlier in today’s session, less than 24 hours after trading at a low of $93.05.

As a result of the surge, litecoin rose to its strongest point since May 5, when prices were at a high of $106.86.

Looking at the chart, the move took place following a breakout of a ceiling at $95.50, and came as the relative strength index (RSI) collided with a resistance of its own.

As of writing, the index is tracking at 65.96, which is marginally below a resistance level at 66.00.

Since approaching this point, earlier gains have somewhat declined, with LTC now trading at $95.58.

Cosmos (ATOM) was another notable mover in today’s session, with the token climbing for a second straight day.

Following a low of $13.15 on Tuesday, ATOM/USD moved to a peak of $13.84 earlier in the day.

Wednesday’s rally saw cosmos move above a ceiling at $13.50, nearing its highest point since November 8 in the process.

Whilst this resistance level was broken, the 14-day RSI was approaching one of its own at 66.00.

As of writing, the index is tracking at 61.77, after it bounced from a support point at 58.00

Should this ceiling at 66.00 be hit, it is likely that ATOM could be trading above the $14.00 mark.

Register your email here to get weekly price analysis updates sent to your inbox:

Tags in this story
Analysis, atom, Cosmos, litecoin, LTC

Do you expect cosmos to climb past $14.00 this week? Let us know your thoughts in the comments.

Eliman brings an eclectic point of view to market analysis. He was previously a brokerage director and online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework

Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.

On Wednesday, 60 organizations involved in cryptocurrencies, open-source and free software, and human rights and privacy-preserving projects launched a new campaign calling on the 118th U.S. Congress to protect privacy. The groups, including Fight for the Future, Electric Coin Co., and the Tor Project, insist that Congress needs to deliver policies dedicated to standing up for privacy.

A new campaign, launched by 60 organizations, carries the slogan “Tell Congress to protect privacy.” The groups are calling for the United States federal government’s legislature to stand up for privacy both online and offline. Supporting entities include Fight for the Future, Blockchain Association, Proton, the Tor Project, Mobilecoin, Protocol Labs, Filecoin Foundation, Electric Coin Co., the Defi Education Fund and Tutanota. The campaign follows Fight for the Future’s open letter to Congress, in which they stated that privacy is a fundamental human right.

“Protecting the privacy of everyday people is key to ensuring safety, self-determination, freedom of the press, and other rights that compose the core of democracy,” the letter details. “We applaud recent interest in robust federal data privacy legislation to reinforce such rights. The technologies and software tools we build to preserve user privacy by design are just as essential. Such tools help users to guard against a diverse swath of harms including discrimination, intimidation, and abuse from authoritarian regimes.”

60 Organizations Launch Campaign Urging US Congress to Protect Privacy

The campaign’s website allows individuals to reach out to Congress and express their support for privacy and the technologies that enhance it. “Contact Congress now to demand they defend our right to privacy,” the website says. The site also displays a full list of organizations involved in the campaign. “The Tor Project’s mission is to promote human rights through the creation and deployment of free and open-source anonymity and privacy technologies,” said Isabela Fernandes, executive director of the Tor Project, in a statement. “We are co-signing this effort because we believe that everyone, especially elected representatives, must defend privacy.”

Paul Brigner, head of U.S. policy and strategic advocacy at Electric Coin Co., said, “Electric Coin Co. has fully joined this global call for incoming U.S. lawmakers to defend privacy.” Electric Coin Co. is the company and developers behind the privacy-focused crypto project Zcash. “We urge lawmakers to take a strong stance in favor of pro-privacy policies, including end-to-end encryption, and reject any attempts to hinder the use or development of privacy-preserving tools. Only by defending the privacy of all individuals can we hope to build a truly democratic and free society.”

What are your thoughts on the new campaign launched by 60 organizations calling on the 118th U.S. Congress to protect privacy? Share your opinion in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework

Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.

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