South Korean Regulator Clears Upbit, Fines Bithumb
- Regulatory Comparison: The PIPC's investigation found no violations by Upbit, while Bithumb was fined 210 million won (approximately $152,000) for transferring user data without consent, highlighting regulatory divergence in enforcement.
- Data Privacy Compliance: The PIPC confirmed that Upbit's data transfer practices complied with South Korea's stringent personal information protection laws, which is expected to bolster user confidence in the platform's data governance and set a compliance benchmark for others.
- Industry Impact Warning: Although Bithumb's fine is relatively modest, it serves as a warning to the industry about the importance of transparent consent mechanisms and robust data transfer agreements to avoid reputational damage and increased regulatory scrutiny.
- Market Signal: This incident indicates that South Korean regulators are actively monitoring data privacy practices in the crypto sector, suggesting that compliant platforms like Upbit may gain a competitive trust advantage, influencing user preferences towards compliant exchanges.
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Technical Analysis for ORDER
Technical Sentiment Analysis for Orderly Network (ORDER). As of , Orderly Network (ORDER) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ORDER 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, ORDER 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 $-.
Orderly Network (ORDER) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0247 | 0.0284 | 0.0317 | 0.0354 | 0.0387 | 0.0424 | 0.0457 |
| Fibonacci | 0.0284 | 0.0311 | 0.0327 | 0.0354 | 0.0381 | 0.0397 | 0.0424 |
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