“The legality of this [data] collection seems questionable, as do the conditions for preservation of biometric data,” a CNIL spokesperson said in a written statement, referring to Worldcoin’s practise of scanning retinas to ensure that no single person can claim crypto rewards twice. Original Source AltmanCNILFrenchLedPrivacyProbedRegulatorSamWLDWorldcoin CryptoX Portal
The Bank of Spain has registered eToro as a virtual asset exchange and electronic wallet custody services provider in the country. The Israel-based social trading and investment firm announced the development today (Friday), noting that it secured the registration about a month ago. Get up to 12 months for Free on 50+ Alibaba Cloud Products and Solutions! Enjoy 50% more budget-friendly with cutting-edge enterprise-grade cloud computing services. Click to Start Now! eToro said the registration is to enable the company to provide fiat-to-crypto exchange services in Spain. The registration was…
The Indian Supreme Court on July 27 reprimanded the Union government for the lack of crypto regulations in the country, according to a report in a local media outlet. The Supreme Court in its observation noted that it is “unfortunate” that the government has yet to release any clear guidelines around cryptocurrencies. The observation from the court came amid growing instances of criminal activities involving cryptocurrencies and directed the Union government to bring on record whether it plans to set up any dedicated federal agency to investigate such crypto criminal…
Bitcoin could reach $300,000 by 2028, said Mark Yusko, Morgan Creek Capital Management founder and CEO, on CoinDesk TV’s First Mover. Yusko made the prediction while comparing bitcoin to gold. Gold is not portable or divisible, whereas bitcoin is, the CEO of the $1.6 billion asset management firm explained. “Bitcoin fixes both of these issues, and is equally scarce,” Yusko added, arguing that the digital asset could eventually catch up to the precious metal’s valuation. “The monetary value of gold is about $6 trillion, I think bitcoin can replace all…
This summer, parts of the United States are wilting under a multi-month stretch of sweltering heat and data suggests that summer temperatures will continue to creep up in the coming years. The planet is on what seems to be a pretty clear path to soon reaching 1.5 degrees Celsius of warming for the first time since preindustrial times, a milestone number that the world’s countries pledged to try to remain under in the 2015 Paris Agreement. Humanity’s continued burning of fossil fuels combined with the return of the El Niño…
Bitcoin (BTC) returned to exchanges en masse on July 27 in a sign that “major volatility” could come next. According to data from on-chain analytics firm Glassnode, intraday BTC exchange inflows have hit multi-month highs. Trader warns of BTC price volatility “spike” BTC price action continues to linger below $30,000, and traders have consistently warned that further downside could come next. At current levels, Bitcoin’s largest-volume investor cohort, the whales, appear to be in a state of flux in an unclear market. Now, with large tranches of coins on the move…
ARK Invest CEO and crypto proponent Cathie Wood says that Bitcoin is set to grow massively as a store of value following the recent bank collapses. She believes that Bitcoin’s stability and a huge rally in the wake of US regional banks collapsing is a major testament to the fact that Bitcoin is the future of money. Cathie Wood Remains Bullish On Bitcoin In a recent interview with Barron’s, Wood maintained that she remains bullish on digital assets and highlighted three reasons she won’t be backing down on her investments.…
LFi aims to create an inclusive financial system and empower people with equal opportunities for wealth generation and financial freedom in crypto. Unleashing LFi LFi, or Layered Financial Independence, is at the forefront of the decentralized finance (defi) movement, envisioning a decentralized network that empowers wealth creation. The core of LFi’s vision lies in inclusivity, aiming to build a financial system driven by consensus and shaped by the decentralized autonomous organization (DAO) concept. With its blockchain infrastructure and native token, LFi is forging a path toward a more inclusive and…
The Netherlands, which has taken a tough line on rivals such as Binance and Coinbase, follows France, Dubai and the U.K. in recognizing the crypto exchange. Source
Users will be able to convert Blumer tokens for other cryptocurrencies and withdraw to wallets. Source