Worldcoin ordered to stop operations in Hong Kong
The PCPD ruled that Worldcoin’s retention of sensitive biometric data, including face and iris images, for up to 10 years solely for AI model training was unjustified.
Related Posts
Crypto Exchange Bitstamp Acquired by Belgian Investment Firm in ‘All Cash Deal’
Cryptocurrency exchange Bitstamp has been acquired by Belgium-based investment firm NXMH in an “all cash deal,” Reuters reports today, Oct. 29.Nejc Kodrič, CEO of the Luxembourg-registered exchange, reportedly revealed the deal had been closed Oct. 25, but declined to share the full terms. The CEO told Reuters that in 2016 Bitstamp was valued at $60…
Philippines SEC warns of ‘cloud mining’ Ponzi related to Bitcoin Vault
The Philippines SEC has identified ‘Mining City’ as a Ponzi scheme and warned promoters of the scam that they could face up to 21 years imprisonment. The Philippines SEC has released an official warning about Bitcoin (BTC) “cloud mining” company Mining City, advising the public to steer clear of the scheme and others like it.…
Binance Changes Launchpad Token Sale Format to Lottery
Leading cryptocurrency exchange Binance announced major changes to the format of its Launchpad token sale in a post on its blog published on March 24.Per the announcement, the company “will use a new lottery format for the next project on Binance Launchpad.” Previously, the system functioned on a first come, first served basis, which left…
OG partners with blockchain-based gaming technology company
Don’t be surprised when you see more blockchain in gaming. 1781 Total views 20 Total shares Esports organization OG has partnered with a blockchain-based gaming technology company DMScript.According to The Esports Observer, the OG Esport team - CS: GO - will promote DMScript products to its fanbase by wearing clothes that display the company's logo…
Ukraine has received $37M in tracked crypto donations so far
Based on data gathered by Cointelegraph, the amount of tracked crypto donations sent to the Ukrainian government, military and charities has surpassed $37 million at the time of publication. These include Bitcoin (BTC), Ether (ETH), Tether (USDT) and other altcoins. The numbers are also based on tracked projects and do not account for items such…
Litecoin’s Charlie Lee: Crypto Bear Markets Are a ‘Good Time to Get Stuff Done’
Litecoin (LTC) creator Charlie Lee has dismissed short-term price trends as the upshot of “speculation,” stressing that long-term valuation is a truer measure of crypto’s success, in a CNBC interview August 27. When asked to what extent price is a meaningful metric for a given cryptocurrency, and whether or not it reflects the current state…
Web3 developer Magic raises $52M in funding led by PayPal Ventures
The company has raised $80 million for wallet development since its inception in 2020. 890 Total views 5 Total shares On May 31, San Francisco-based wallet-as-a-service (WaaS) provider Magic announced that it had successfully raised $52 million in a strategic funding round led by PayPal Ventures. The funding round also saw participation from venture firms…
Aragon Expects Ethereum’s Istanbul Hard Fork to Break 680 Smart Contracts
The Ethereum network’s Istanbul hard fork is expected to break 680 smart contracts on the decentralized management platform Aragon.Jorge Izquierdo, CTO at Aragon One, said that the upcoming upgrade will result in the breaking of roughly 680 smart contracts, industry-focused media outlet Coindesk reported on Sept. 30. Izquierdo explained that the impetus behind the update is…