WhatsApp and Signal Escape EU Messaging Apps Scan in “A Partial Victory for Privacy”

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jul 03 2024

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EU Drops Plans for Messaging Apps Scan: The EU has decided to abandon its plans to scan messaging apps, impacting popular platforms like WhatsApp and Signal.
Implications for Privacy and Security: Dropping the scan plans preserves end-to-end encryption crucial for privacy in digital communications and financial transactions like Bitcoin.
Concerns Over Decreased Encryption: Despite good intentions, worries persist about reduced privacy due to potential impacts on end-to-end encryption and other security issues.
Reactions from Tech Businesses and Advocates: Tech companies and privacy advocates cautiously welcome the decision to remove the EU messaging apps scan from the bill.
Cryptocurrency Market Impacts: The EU's decision may have far-reaching consequences for the cryptocurrency industry, as highlighted by the BIT Journal, affecting Bitcoin (BTC) and Ethereum (ETH).

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 2 indicators are flashing buy, while 1 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC 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, BTC 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 $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	57998.031	62679.346	66637.371	71318.686	75276.711	79958.026	83916.051
Fibonacci	62679.346	65979.574	68018.458	71318.686	74618.914	76657.798	79958.026

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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