Signal Threatens to Exit Canada Over Privacy Bill
- Privacy Bill Threat: Signal has indicated it may exit the Canadian market if compelled to comply with Bill C-22, which mandates electronic service providers to build surveillance capabilities and retain user metadata, potentially undermining encryption security.
- User Trust Risks: Signal executives warn that the C-22 bill could expose private messaging services to cyberattack risks, damaging user trust in the platform and impacting its competitiveness in the privacy market.
- Divergent Industry Reactions: Meta welcomed certain aspects of the bill, believing it could assist law enforcement in obtaining evidence, but also expressed concerns about potential impacts on user privacy, highlighting differing views within the industry regarding regulation.
- Legislative Uncertainty: The C-22 bill is not yet law, with committee hearings ongoing, leaving significant regulatory uncertainty for the industry and users, which may affect data handling and compliance strategies.
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Technical Analysis for U
Technical Sentiment Analysis for Union (U). As of , Union (U) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for U stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, U is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Union (U) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.999 | 0.999 | 1 | 1.001 | 1.002 | 1.002 | 1.003 |
| Fibonacci | 0.999 | 1 | 1 | 1.001 | 1.001 | 1.002 | 1.002 |
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