Report: French Privacy Regulator Probes Worldcoin’s Biometric Data Practices

The French oversight agency, National Commission on Informatics and Liberty (CNIL), has raised doubts about the legality of Worldcoin’s biometric data collection methods. Besides questioning the legitimacy of its data acquisition processes, CNIL is also delving into how this biometric data is stored. Notably, Worldcoin has collected this data for over two million registrants who [...]

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Kraken Fights IRS Over Customer Information

Kraken is contesting the United States Internal Revenue Service's demand for critical exchange user information, citing it as an "unjustified treasure hunt." Kraken has requested federal court intervention, pointing out that the IRS has gone "far beyond" its intrusive summons. The fight against IRS is Kraken's response to the agency's February summons, which demanded additional user information to identify Kraken accounts that did at least $20,000 of cryptocurrency trading in any single year between 2016 and 2020. (Read More)

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Moody’s Warns of Potential Financial Disruption Spillover Beyond US Banking Sector

Roughly ten days ago, the credit agency Moody’s Investors Service downgraded the U.S. banking sector from “stable” to “negative.” In a recent update on Thursday, the company stated that there is still a risk to the U.S. economy. The managing director of credit strategy at Moody’s explained that the country “will be unable to curtail [...]

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Crypto Flipsider News – UST Loses Peg, LUNA Falls 99.9%, Bitcoin Falls Under $27K, USDT Loses Peg, Australia Finally Gets Spot ETFs, Nubank Launches BTC & ETH Trading, Elon Musk Twitter Purchase Undergoes Scrutiny

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Continue reading Crypto Flipsider News – UST Loses Peg, LUNA Falls 99.9%, Bitcoin Falls Under $27K, USDT Loses Peg, Australia Finally Gets Spot ETFs, Nubank Launches BTC & ETH Trading, Elon Musk Twitter Purchase Undergoes Scrutiny at DailyCoin.com.

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US Senator Urges Regulators to Increase Scrutiny on Crypto as It Risks Undermining Sanctions Against Russia – Bitcoin News

U.S. Senator Elizabeth Warren is worried that “cryptocurrencies risk undermining sanctions against Russia.” She urges financial regulators “to take this threat seriously and increase their scrutiny of digital assets.” Senator Elizabeth Warren Worried Russia Could Use Cryptocurrency to Evade Sanctions As governments worldwide are placing sanctions on Russia following its invasion of Ukraine, U.S. Senator […]

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Crypto Flipsider News – September 20th – Coinbase Signs $1.36M Contract, More Scrutiny for Binance, PayPal Completes International Expansion, Turkey Wages War Against Cryptocurrency, Ancient Bitcoin Stash Awakens

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Continue reading Crypto Flipsider News – September 20th – Coinbase Signs $1.36M Contract, More Scrutiny for Binance, PayPal Completes International Expansion, Turkey Wages War Against Cryptocurrency, Ancient Bitcoin Stash Awakens at DailyCoin.com.

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Why Are Former FTX CEO SBF Lawyers Under Scrutiny?

United States Prosecutors have alleged that there may be conflict of interest over the fact that former CEO of now-defunct crypto exchange FTX Sam Bankman-Fried, and bankrupt crypto lending platform CEO Alex Mashinsky have the same lawyers. The prosecutors highlight the fact that Celsius positions itself as a victim of Alameda Research. This only intensifies...

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Bitcoin Miners AI and Chip Sales Under Scrutiny as Q4 Earnings Approach

Bitcoin miners are expected to see a surge in profits in the fourth quarter, thanks to the increased demand for AI chips. Analysts predict that the combination of Bitcoin’s rising price and the growing interest in AI technology will drive sales for miners using these specialized chips. This optimistic outlook comes after a challenging period [...]

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Judge Upholds Confidentiality of FTX Customers’ Identities, Citing Security Concerns

In the FTX bankruptcy case, the presiding judge John Dorsey has ruled to maintain the confidentiality of individual customer identities, according to a recent decision on Friday. Dorsey emphasized the importance of safeguarding these clients, expressing concern for their potential vulnerability to scams. Despite the Media’s Attempt, FTX Customers’ Identities Will Be Shielded From Public [...]

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Robinhood to Delist Cardano, Solana, and Polygon Amidst SEC Regulatory Pressure

Fintech and crypto firm Robinhood has announced the delisting of cardano (ADA), solana (SOL), and polygon (MATIC) on June 27, 2023. This development comes after the publicly-listed company revealed that it was “actively reviewing” its coin listings in the wake of recent U.S. Securities and Exchange Commission (SEC) enforcement actions against Binance and Coinbase. Robinhood [...]

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