The Bavarian State Office for Data Protection Supervision (BayLDA) has ordered Worldcoin to implement stricter privacy measures after concluding its investigation into the company’s biometric data practices. Worldcoin (WLD) has been instructed to provide a GDPR-compliant data deletion process within one month. The BayLDA also required the company to obtain…
The creators and promoters of the “Hawk Tuah” memecoin, inspired by Haliey Welch, are facing a lawsuit from investors who allege that the token was an unregistered security and caused significant financial losses after a sharp price collapse, Bloomberg Law reported on Dec. 19. The lawsuit was filed in the…
El Salvador plans to continue and potentially accelerate its purchases of Bitcoin (BTC) despite its recent deal with the International Monetary Fund (IMF), according to Stacy Herbert, the director of the country’s Bitcoin Office. Moreover, Herbert confirmed that Bitcoin would remain legal tender alongside the US dollar and that the government…
The Bank for International Settlements (BIS) has unveiled a comprehensive framework for designing retail central bank digital currencies (CBDCs), emphasizing a hybrid model that integrates central bank control with private sector collaboration. Developed by the Consultative Group on Innovation and the Digital Economy (CGIDE), the report provides a roadmap for…
Bitcoin (BTC) lost the $100,000 threshold after registering a 6.4% drawdown in the past 24 hours, priced at $97,000 as of press time. Bitcoin fell to a low of $96,233 before attempting a recovery. As a result, crypto derivatives registered nearly $1.2 billion in liquidations over the period, based on CoinGlass data.…
Institutional players bought 859,454 Bitcoins (BTC) in 2024, equivalent to eight years of BTC issuance and 4.3% of its total circulating supply, according to a K33 Research report. The majority of the amount was purchased by spot exchange-traded funds (ETFs) and public-listed companies like MicroStrategy. The rise of US-traded spot…
crypto thefts surged to $2.2 billion in 2024, representing a 21% rise compared to the previous year. According to a Dec. 19 report by Chainalysis, this increase is closely tied to a growing wave of hacking activity, particularly by North Korean-linked cybercriminal groups. Escalation in hacking activity The crypto sector…
The US authorities have rejected Sam Bankman-Fried‘s appeal to overturn his conviction and sentencing related to the bankrupt FTX collapse. According to a recent court filing, the government found no merit in his claims, asserting that the jury’s verdict and the trial’s outcome were sound. Bankman-Fried, the founder of the…
Metaplanet, a Japanese Bitcoin-focused investment firm, will begin trading its shares on the US OTCQX Market on Dec. 19 under the ticker MTPLF. This milestone follows the company’s announcement of its Bitcoin Treasury Operations as a core business focus. The market reacted positively to these developments, pushing Metaplanet’s stock up…
Bitcoin’s price experienced a sharp pullback following the US Federal Reserve’s recent rate cut, but market experts like Bitwise CIO Matt Hougan remain optimistic about the asset’s long-term trajectory. On Dec. 18, the Federal Reserve announced a 25-basis-point rate cut, scaling back its outlook for 2024 to two cuts instead…