Worldcoin Faces Privacy Probe in Hong Kong
Worldcoin, a crypto project backed by Sam Altman, has been investigated by the Office of the Privacy Commissioner in Hong Kong for potential privacy risks. The project uses iris verification to distribute its tokens, which may violate the Privacy Ordinance and expose sensitive biometric data. According to a translated version of a statement released by […]
Authorities Seize $1.7B Bitcoin for Purchase of $30M mansion
Reportedly, authorities seized Bitcoin valued at $1.7 billion after an alleged attempt by a former restaurant employee to purchase a mansion in London valued at approximately $30 million. According to a January 30 Sky News report, Jian Wen, a Chinese national who obtained British citizenship in 2018, purportedly underwent a recruitment process to aid Zhimin […]
SEC Drops Lawsuit Against Crypto Firm DEBT Box Amid Criticism
The SEC has withdrawn its lawsuit against DEBT Box, a crypto firm accused of selling unregistered securities and defrauding investors. The decision marks a major setback for the SEC in its crypto enforcement actions and has sparked backlash from the legal and crypto communities. The United States Securities and Exchange Commission (SEC) has withdrawn its […]
Binance Endorses Jupiter Exchange with JUP Listing
Jupiter Exchange (JUP), a Solana-based decentralized exchange, has received a boost from Binance, the world’s leading crypto exchange, which has decided to list the JUP token on its platform. The listing has coincided with a surge in trading volume for Jupiter Exchange, which has climbed to the second spot among decentralized exchanges. Jupiter Exchange (JUP), […]
China to Revise Crypto AML Regulations By 2025
China is preparing to implement a significant revision to its Anti-Money Laundering (AML) regulations to encompass transactions involving cryptocurrencies by 2025. Local media report that on January 22, Prime Minister Li Qiang presided over an executive meeting of the State Council wherein the revised AML law was discussed. The first revised draft of the nation’s […]