The British Columbia Securities Commission reveals how ezBtc’s founder misappropriated millions in customer funds for personal use, leading to significant investor losses. Source: https://cointelegraph.com/news/ezbtc-founder-defrauds-customers-diverts-millions-gambling?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
Ecuador’s Data Protection Agency Lacks Resources to Assess Worldcoin’s Compliance Status
The Superintendence of Data Protection, Ecuador’s data protection agency, stated that it lacks the resources needed to assess the compliance of Worldcoin, the biometric and universal basic income (UBI) project, with the country’s laws. The head of the institution, Fabrizio Peralta-Diaz, lamented this situation, stressing that it needed access to the necessary tools to examine […] Source: https://news.bitcoin.com/ecuadors-data-protection-agency-lacks-resources-to-assess-worldcoins-compliance-status/
US Court of Appeals reboots HEX manipulation case against Binance.US
A panel of three judges has partially reversed a class-action lawsuit that alleged Binance.US and CoinMarketCap manipulated the price of the HEX token. Source: https://cointelegraph.com/news/us-appeals-court-reboots-manipulation-case-binance-us?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
U.S. Senate Passes Anti-Deepfake Law Targeting Non-Consensual Pornography
The U.S. Senate has voted on an “anti-deepfake” law designed to protect individuals from the non-consensual use of their likeness in pornographic content. The DEFIANCE (Disrupt Explicit Forged Images And Non-Consensual Edits) Act, introduced by Sen. Richard Durbin (D-IL) and passed through the Senate on Monday, seeks to “improve rights to relief for individuals affected by non-consensual activities,” a copy…
Bitcoin risks 'sharp weekend price swings’ as ETFs suck up liquidity
Bitcoin trading volume and liquidity are being concentrated on weekdays due in part to ETFs and could cause more wild price swings on the weekend. Source: https://cointelegraph.com/news/bitcoin-etfs-worsened-liquidity-weekend-price-swings-kaiko?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Grayscale ETH ETF stems bleeding as activity spikes on Ethereum
The Grayscale Ethereum Trust has posted its first day of zero outflows since its conversion to a spot ETF amid a surge of network activity on Ethereum and its layer-2 networks. Source: https://cointelegraph.com/news/grayscale-eth-etf-stems-bleeding-activity-spikes-on-ethereum?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Latam Insights Encore: El Salvador Forges a Path to Overcome IMF’s Bitcoin-Phobia
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the possibilities that El Salvador is opening for other countries to receive help from international institutions like the IMF even when adopting bitcoin as legal tender. Latam Insights Encore: El […] Source: https://news.bitcoin.com/latam-insights-encore-el-salvador-forges-a-path-to-overcome-imfs-bitcoin-phobia/
World's first fully anonymous DAO created to 'defend freedom'
Everything about this DAO is designed to be completely anonymous and invisible on the blockchain, said Bitcoin OG Amir Taaki. Source: https://cointelegraph.com/news/worlds-first-fully-anonymous-dao-created-to-defend-freedom?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Tyler Winklevoss Warns Operation Chokepoint 2.0 Remains in Full Swing
Tyler Winklevoss, co-founder of U.S.-based exchange Gemini and VC firm Winklevoss Capital, has alerted about the ongoing status of Operation Chokepoint 2.0, a plan directed to difficult banking access to crypto companies. Winklevoss’ remarks come after the Federal Reserve found Customers Bank, a crypto-friendly bank, had “deficiencies” in compliance with anti-money laundering requirements. Tyler Winklevoss […] Source: https://news.bitcoin.com/tyler-winklevoss-warns-operation-chokepoint-2-0-remains-in-full-swing/
20 Crypto Startups Raise $141.3 Million in Less Than 2 Weeks
In the first 12 days of Aug., $141.3 million has flowed into crypto, defi, and blockchain ventures, according to recent metrics. Morpho, a decentralized lending developer, accounted for roughly 35.38% of the total funds raised across 20 different projects. $141.3 Million Floods Into 20 Crypto Startups and Projects Even with the crypto markets experiencing a […] Source: https://news.bitcoin.com/20-crypto-startups-raise-141-3-million-in-less-than-2-weeks/