Lord Holmes Warns UK Needs Swift Action on Web3 Regulation to Retain Global Talent
Regulatory Framework Importance: The UK risks losing Web3 and gaming talent to other countries unless it establishes a clearer regulatory framework, as emphasized by Lord Chris Holmes during a House of Lords discussion on digital economies.
Economic Growth Potential: Lord Holmes highlighted gaming as a significant growth opportunity for the UK economy, suggesting that Web3-enabled gaming could lead to job creation and broader participation in the digital economy.
Call for Action: He warned that inaction on regulatory matters could have dire economic consequences, urging the government to implement legislation that fosters innovation rather than hinders it.
Innovation and Regulation Balance: Lord Holmes argued against the notion that regulation and innovation cannot coexist, advocating for well-thought-out, principles-based regulation that supports the growth of digital ecosystems in the UK.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for 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 stock.
Support, Resistance & Moving Averages From a structural perspective, 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 $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
About the author
