Signal Threatens to Exit Canada Over Surveillance Bill Compliance
- Privacy Commitment at Risk: Signal's VP Udbhav Tiwari stated that the company would prefer to exit Canada rather than comply with the C-22 bill, emphasizing the firm's strong commitment to user privacy and data security.
- Bill Impact Analysis: The C-22 bill mandates electronic service providers to build surveillance capabilities and retain user metadata, potentially compromising encryption and exposing private messaging services to cyberattack risks, which could undermine user trust.
- Industry Response: VPN provider Windscribe also indicated it would follow Signal out of Canada, arguing that the law could force them to log user data, thereby damaging the core privacy features of their service, reflecting widespread industry concerns about the bill.
- Legislative Process: The C-22 bill is not yet law, as it still requires parliamentary review and royal assent, with committee hearings having begun on May 7, indicating uncertainty about the bill's future.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X). As of , X Empire (X) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for X 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, X 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 $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000843 | 0.00000979 | 0.0000113 | 0.0000127 | 0.0000143 | 0.0000156 | 0.0000172 |
| Fibonacci | 0.00000979 | 0.0000109 | 0.0000116 | 0.0000127 | 0.0000138 | 0.0000145 | 0.0000156 |
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