The Worldcoin project, led by Sam Altman, has once again encountered a significant setback, this time in Hong Kong. The Office of the Privacy Commissioner for Personal Data (PCPD) in Hong Kong has issued an order for the Worldcoin Foundation to cease all operations within the region. The PCPD stated that Worldcoin’s practices have been
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Recently, Coinbase, a well-known cryptocurrency exchange based in the US, joined forces with other industry leaders such as Meta, Ripple, Gemini, Kraken, Match Group, and GASO to launch a new initiative called ‘Tech Against Scams’. The primary goal of this coalition is to address the widespread issue of online fraud and financial schemes. It is
Back in 2010, a Florida programmer named Laszlo Hanyecz made history by purchasing two Papa John’s pizzas for 10,000 BTC. At the time, this amount of bitcoin was only worth around $41. Fast forward to today, and that same amount of bitcoin is now valued at over $690 million. The surge in bitcoin’s value over
After a surge to $71,000, the Bitcoin price has cooled off and settled back around $67,000. However, recent data suggests that Bitcoin whales, entities with significant BTC holdings, are once again showing interest in accumulating more of the cryptocurrency. This resurgence in whale activity raises the question of whether their buying power can propel Bitcoin
Speculations are on the rise following the sudden approval of the Ethereum Spot ETF last week. Renowned Bloomberg ETF analyst, James Seyffart, recently shared his thoughts on the potential performance of these funds in comparison to their Bitcoin-based equivalents. Seyffart predicts that the Ethereum spot ETFs may only attract about 25% of the demand seen
The cryptocurrency market, including Bitcoin and altcoins, experienced a rollercoaster week due to the hype surrounding the approval of spot Ethereum ETFs in the United States. This news created significant volatility in the market, with various assets seeing substantial gains and losses. Bitcoin, the leading cryptocurrency, started the week struggling to maintain levels above $66,000.
The cryptocurrency market has been witnessing a concerning trend in recent times – tokens with high valuations and low initial circulating supply. This trend has raised doubts about the sustainability of the upside potential for traders following token generation events (TGE). Binance Research has released its latest findings confirming this trend, revealing that an increasing
The recent arrest of a Taiwanese national, Rui-Siang Lin, has shed light on the dark underbelly of the darknet drug trade. Operating under the pseudonym “Pharoah,” Lin was the mastermind behind the notorious Incognito Market, a platform that facilitated the sale of illegal narcotics such as fentanyl. The platform, which saw transactions amounting to over
In a recent announcement, OKX revealed that it would be discontinuing its centralized cryptocurrency trading services for residents of Hong Kong starting May 31, 2024. This decision was made in compliance with regulatory requirements, specifically related to its virtual asset service provider (VASP) license application. The exchange did not provide specific reasons for this move,
The recent approval of Ethereum exchange-traded funds by the United States Securities and Exchange Commission has sparked excitement in the cryptocurrency market. While the focus has been on Ethereum ETFs, the Bitcoin spot ETF market has also seen a resurgence in investment activity. With positive inflows for the second consecutive week, investor confidence in these
