Bitcoin Experiences the Lowest Monthly RSI 📉, After September 2020

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Bitcoin Experiences a Lowest Monthly RSI 📉, after September 2020

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A crucial Bitcoin (BTC) measure has just hit its lowest point since the months following the market crisis in March 2020.

Bitcoin's relative strength index (RSI) displays a "hidden bullish divergence" on monthly timescales, as spotted by popular analysts on Jan. 5. If it plays out, the result would be very favorable for hodlers, they believe.

The current $46,000 may fall further lower, but the standard RSI metric already illustrates how "oversold" Bitcoin is at that level.

"The monthly RSI for Bitcoin is currently lower than the May–July 2021 downturn," noted famous analyst Matthew Hyland, referencing Bitcoin's summer correction following the May miner upheaval.

Along with the one-month lows, monthly RSI is also printing a pattern that has only been seen once before, according to TechDev, a fellow trader and analyst.

BMW 🚘 Introduces E-Ink, a Color Changing Paint Technology

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At the 2022 Consumer Electronics Show in Las Vegas, the German auto manufacturer unveiled a new color-changing paint technology that is more familiar with a Kindle than you might assume at first appearance.

The color-changing paint technology is making its premiere on a concept version of the BMW iX shown at CES, relying on E Ink, the electronic paper technology used in e-readers, and the old Pebble watch.

Many millions of microcapsules with a diameter equal to the thickness of a human hair are embedded in the surface coating of the BMW iX Flow incorporating E Ink. 

Negatively charged white pigments and positively charged black pigments are found in each of these microcapsules. 

Stimulation with an electrical field causes either white or black pigments to concentrate at the surface of the microcapsule, giving the automobile body the desired hue.

According to the firm, "a white surface reflects a lot more sunlight than a black surface. By implication, by altering the exterior to a light hue, heating of the vehicle and passenger compartment as a result of bright sunshine and high outdoor temperatures can be minimized." 

TikTok Joins hands with Atmosphere to Bring its Short Form Videos to TVs 🖥 in the Waiting Rooms & Lounges

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TikTok has already invaded our phones and televisions at home. Still, its next objective will ensure that you can't get enough of cute pet videos, incredible achievements, and strangely pleasurable footage. 

According to a report from TechCrunch, the famous short-form video platform has teamed up with Atmosphere, a firm that creates content to play in the background whether you're eating, relaxing at a hotel, or waiting in a line.

The Atmosphere already provides material to Taco Bell, Texas Roadhouse, Burger King, and even Meineke, allowing customers to choose from various "channels" to fit their needs. TikTok will have a channel dedicated to the platform's handpicked content.

Whether it's from YouTube or TikTok, Atmosphere essentially repurposes the videos it collects. It then eliminates the audio, replaces it with its music, adds a caption, and uploads it to a channel's videos stream.

Atmosphere obtains permission from producers and negotiates an agreement; it receives part of its content for free, as the company effectively supports creators by playing their movies in public spaces.

Google Buys Siemplify, a Cloud Security Firm for $500 Million 💰

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According to Chronicle, Google's $500 million acquisition of Israel-based startup Siemplify is intended to boost the company's own cloud security initiative. 

Google described Siemplify as security orchestration, automation, and response (SOAR) firm in a blog post announcing the transaction and hopes to integrate its features into Chronicle.

In a blog post, Sunil Potti, vice president of Google Cloud Security, says, "Siemplify is an easy workbench that enables security teams to both better manage risk and lower the cost of mitigating attacks. Siemplify enables Security Operation Center analysts to manage their operations from start to finish, respond to cyber threats quickly and precisely, and learn from each analyst interaction."

Siemplify was founded in 2015 and has raised a total of $58 million in funding so far. 

According to Reuters, Google, controlled by Alphabet, grew interested in buying Siemplify after learning of the startup's plans for another round of funding. Chronicle will now be merged with Siemplify under the Google Cloud umbrella.

Google's purchase of Siemplify comes just a few months after the company announced plans to spend more than $10 billion over the next five years to boost cybersecurity in the United States. 

Around the Web 🌐

SOCAR, a Korean Car-sharing Company, Has Filed for an Initial Public Offering: SOCAR filed for an IPO, which Korea Exchange revealed on Wednesday. The specifics, such as the number of shares to be offered in the IPO and the price range, are still being worked out. SOCAR has a market capitalization of $834 billion. Since its establishment in 2011, the company has raised over $275 million. SOCAR CEO Jaewook Park stated at the business's press conference in early December that the company wants to introduce a transportation super app this year to deliver all-in-one mobility services.

PayFit, a Payroll Business, Has Raised $289 Million in Funding, Making it France's Latest Unicorn. PayFit, a French company, recently announced the completion of a new $289 million Series E financing just in time for the holidays. The firm has a post-money valuation of $2.1 billion following this round. The company has been developing a payroll and HR software-as-a-service platform for small and medium businesses. PayFit is only available in a few European countries, but it presently employs over 150,000 people.


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