Bitcoin is currently ranging in the daily with support around $8,400 and resistance around $8,900. The current price action in the daily shows an imminent test of the 10 EMA, which could be a possible immediate resistance in the daily. While in the 4H chart, the structure is neat and is looking to go for a retest of the 50MA (which is also a possible resistance trail). Lower highs are possible in the daily as price is now below the 50MA. A rejection at the 10EMA area in the daily, could be a possible reference for a lower high. While bull scenario is validated once price reclaims around the $9,200 level.
Global market cap is at $252B, while BTC's market cap is at $160B.
Google Play Store takes down crypto news apps. As of 2:00 PM EST. crypto news sites including Cointelegraph and Coindesk were already unavailable on the Play Store. The cause isn't clear yet as Google hasn't responded yet to Cointelegraph with regard to the incident. This is not the first time that the Play Store has set its sights on crypto. Near the end of December, the store took down an app for MetaMask.Findlay was referring to Youtube's then ongoing ban on crypto content, which, though it lasted only a few days, made major waves in the community.
The Google Play store had also previously banned several crypto mining apps.
Lloyd's of London, the insurance firm, is supporting a new policy that protects digital currency held in digital wallets from hackers, Coindesk reported on Monday (March 2).
The policy is reportedly a new insurance type that has a limit that changes with the price fluctuations of covered digital currency assets. Lloyd's insurance syndicate Atrium underwrites the policy and is provided by digital currency "lifestyle" service provider Coincover. Lloyd's Head of Innovation Trevor Maynard said per the report that the British insurance company is the "natural home for insurance innovation because of the unique ability of syndicates to collaborate to insure new things."
The U.S. Treasury Department's Office of Foreign Asset Control blacklisted 20 bitcoin (BTC) addresses. According to CoinDesk's report, the addresses were tied with two individuals who are accused of being linked to the Lazarus Group, a cybercrime group possibly affiliated with the North Korean government and the group has been accused of stealing more than half a billion dollars in crypto since 2018.
Proceeds from the hack were laundered through use of "peel chains", term coined by the U.S. government in describing the act of sending crypto from one address to another, with some portion of the funds moving to a different address than the bulk in each transaction.
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