This sweeping update introduces measures to identify and potentially exclude "high-risk" third countries and companies across 18 essential sectors.
The post EU’s New Cybersecurity Act Could Ban High-Risk Suppliers appeared first on TechRepublic.
This sweeping update introduces measures to identify and potentially exclude "high-risk" third countries and companies across 18 essential sectors.
The post EU’s New Cybersecurity Act Could Ban High-Risk Suppliers appeared first on TechRepublic.
Crypto pundit Wimar has claimed that crypto exchanges are manipulating the Bitcoin price, causing it to crash from its 2026 high. This comes amid recent developments with the Trump tariffs, which have caused the flagship crypto to also decline.
In an X post, Wimar asserted that crypto exchanges are manipulating the Bitcoin price. He noted how BTC just dumped from $95,500 to $91,900 with no news. The pundit claimed it is the same script, over and over again, as the flagship crypto rose from $89,000 to $95,000 and has now fallen to $91,000, just as it did when it rose from $85,000 to $88,000 and then fell to $84,000.
Wimar claimed that this is a liquidity hunt, alluding to the flows to prove that the Bitcoin price is manipulated. He noted that within minutes, Wintermute, Binance, Coinbase, and ETF-linked wallets were all active simultaneously. Large blocks were said to have moved from exchange to exchange, with huge market buys hitting thin books, and then, just as fast, these tokens were dumped.
The crypto pundit also highlighted Arkham data, noting that the flows tell the real story. Wimar claimed that coins move into exchanges right after the pump, which he stated is not a coincidence. The pundit further remarked that these crypto exchanges wait for a setup where liquidity is low, leverage is high, and funding is stretched.
Wimar asserted that these crypto exchanges run the same play every time, where they first pump the Bitcoin price fast on thin books to trigger FOMO and then liquidate shorts. Retail investors then see green candles and open long positions because the price action appears to be a breakout, but they fall into the trap, according to the pundit.
Wimar stated that once enough people are stuck in leverage, the coins hit crypto exchanges and selling starts, leading to a Bitcoin price crash. The pundit accused these exchanges of dumping into the demand they just created, forcing fresh longs to get liquidated and farming both long and short traders with no news.
Wimar doubled down on his accusation of crypto exchanges being responsible for the Bitcoin price crash, stating that BTC doesn’t move like this because of headlines. He claimed that it moves like because leverage piles up, and someone decides it is “payday.” As such, the pundit suggested that the Trump tariffs fears aren’t what is sparking this recent market crash.
Trump had announced fresh tariffs on France, the U.K., the Netherlands, Denmark, Germany, Sweden, Finland, and Norway over the weekend. The Bitcoin price had remained unchanged following the announcement, but began to crash following reports that the European Union (EU) was considering retaliatory tariffs.
At the time of writing, the Bitcoin price is trading at around $90,900, down over 2% in the last 24 hours, according to data from CoinMarketCap.
Featured image from Pixabay, chart from Tradingview.com
TikTok, and other major platforms popular with young people, are coming under increasing pressure to better identify and remove accounts.
The post TikTok to Roll Out Stronger Age Verification Across the EU appeared first on TechRepublic.
TikTok, and other major platforms popular with young people, are coming under increasing pressure to better identify and remove accounts.
The post TikTok to Roll Out Stronger Age Verification Across the EU appeared first on TechRepublic.
Amsterdam-based Klearly also attracted investment from Italian Founders Fund, Global PayTech Ventures, Antler Elevate, and Shapers.
The post PayPal Doubles Down on European Fintech with $14M Investment in Klearly appeared first on TechRepublic.
Amsterdam-based Klearly also attracted investment from Italian Founders Fund, Global PayTech Ventures, Antler Elevate, and Shapers.
The post PayPal Doubles Down on European Fintech with $14M Investment in Klearly appeared first on TechRepublic.
France’s Ministry of the Armed Forces has taken a significant step to deepen its use of AI by awarding a framework agreement to French firm Mistral AI.
The post Mistral AI Wins French Military Deal appeared first on TechRepublic.
France’s Ministry of the Armed Forces has taken a significant step to deepen its use of AI by awarding a framework agreement to French firm Mistral AI.
The post Mistral AI Wins French Military Deal appeared first on TechRepublic.
The European Space Agency confirmed a cyber incident after a hacker claimed to access and steal data from external collaboration servers.
The post Hacker Claims 200GB Data Theft From European Space Agency — Here’s What We Know appeared first on TechRepublic.
The European Space Agency confirmed a cyber incident after a hacker claimed to access and steal data from external collaboration servers.
The post Hacker Claims 200GB Data Theft From European Space Agency — Here’s What We Know appeared first on TechRepublic.
Italian law enforcement agencies have detained a group of people who sold counterfeit money through a “DarkWeb”.
With the assistance of the Italian Public Prosecutor’s Office, eight criminals were detained in Naples who manufactured and distributed counterfeit euros across Europe. To sell their goods, the criminals used “DarkWeb” shops and sent counterfeit money by mail. In July 2018, an investigation was launched against a group of people accused of manufacturing and selling counterfeit banknotes worth more than 120 thousand euros. The counterfeiters had accomplices in many countries of the European Union, which greatly simplified their work.
The criminals acted according to a fairly simple scheme: they placed ads for the sale of counterfeit euros of various denominations on “DarkWeb” resources, and after receiving the order, they sent their invoice to pay for the goods in bitcoins. To deliver the parcels, they chose international mail, through which they sent toys and various vintage items with banknotes of different denominations hidden in them. During the investigation, European border guards intercepted about 50 packages in total. The total amount of money earned by the criminals in the period from 2012 to 2023 is almost 150 thousand euros. In addition to the counterfeiters, the police detained more than 30 buyers and identified fifty accomplices.
The investigation resulted in the arrest of a group of counterfeiters and the liquidation of their printing plant in Naples.
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