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The cryptocurrency market has seen a mix of developments in recent days, with regulatory updates, technological advancements, and market movements making headlines. The US Commodity Futures Trading Commission (CFTC) has been utilizing artificial intelligence to make up for staffing cuts, while the UK’s Financial Conduct Authority has released new crypto regulations that may catch some firms off guard. Meanwhile, Bitcoin has struggled to break through the $75,000-$76,000 resistance range, and Ethereum has seen the exposure of over 100 North Korean workers in the crypto space.

Markets

Bitcoin has been unable to sustain a breakout above $74,000, with the $75,000-$76,000 range proving to be a stiff resistance level. According to CoinDesk, this has resulted in Bitcoin sliding back below $74,000. Additionally, a bitcoin indicator based on key moving averages has accurately marked every bear market bottom since 2015, but has not yet triggered, as reported by CoinDesk. XRP has led Bitcoin and Ether on weekly gains, but muted volume has kept the breakout in check, according to CoinDesk.

Regulation

The US CFTC’s Chairman Mike Selig has stated that AI has helped make up for staffing cuts at the key crypto watchdog, with numerous investigations into crypto and prediction markets underway, as reported by CoinDesk. The UK’s Financial Conduct Authority has released new crypto regulations that include technical traps that crypto software providers need to watch out for to avoid sanctions, according to CoinDesk.

DeFi and Security

The Ethereum Foundation-funded program, ETH Rangers, has exposed over 100 North Korean workers in the crypto space, as reported by CoinTelegraph. Additionally, at least a dozen crypto entities have been attacked since the Drift Protocol hack, according to CoinTelegraph. A cybersecurity researcher has also uncovered a fake Ledger device being sold on a Chinese marketplace, as reported by CoinTelegraph. VerifiedX has brought a privacy layer to Bitcoin, enabling shielded transactions and addressing the “privacy gap” that has kept institutions off public blockchains, according to CoinDesk. Sources: CoinDesk, CoinTelegraph

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