Emma Davis

German regulators have ordered Worldcoin to delete biometric user data over GDPR violations

7 hours ago 2 mins read

The Bavarian State Office for Data Protection (BayLDA) has ordered World, formerly known as Worldcoin, to delete biometric data it gathered from users due to violations of the General Data Protection Regulation (GDPR). This order has sparked a legal battle, as World is appealing the decision. BayLDA claims that the World’s practices, especially its iris scans, did not have a strong legal basis and violated GDPR rules. The regulator has

MicroStrategy may halt Bitcoin purchases in January due to rumored blackout restrictions

December 20, 2024 1 min read

There are increasing thoughts that MicroStrategy might stop buying Bitcoin (BTC) in January because of a possible blackout period linked to issuing shares or convertible debt. Blackout periods are usually set by publicly traded companies to follow rules and keep ethical practices. Reports say that Executive Chairman Michael Saylor might have limits that could make it hard for him to issue convertible debt for Bitcoin purchases right now. Investors are

Crypto.com CEO Kris Marszalek meets Donald Trump to discuss pro-crypto policies

December 19, 2024 1 min read

Kris Marszalek, the CEO of Crypto.com, recently talked with former President Donald Trump at his Mar-a-Lago resort about ways to support pro-cryptocurrency policies. The meeting highlighted the need to choose crypto-friendly people for important government roles and to change the current rules for the cryptocurrency industry. Crypto.com has dropped its lawsuit against the SEC, which it filed after receiving a Wells notice about possible enforcement action. This decision, made on

Bitcoin drops below $100K, altcoins bleed on Federal Reserve’s cut rate

December 19, 2024 1 min read

The U.S. Federal Reserve has implemented a 25 basis point reduction in its benchmark fed funds rate, bringing it to a range of 4.25%-4.50%. This marks the third consecutive rate cut this year, totaling a 100 basis point decrease since September. While market analysts anticipated this move, recent economic data indicated robust growth and rising inflation, prompting attention to the Fed’s policy statement and Chairman Jerome Powell’s press conference for

Riot Platforms buys 667 BTC for $69M, boosting its holdings to 17,429 BTC

December 18, 2024 1 min read

Riot Platforms has increased its Bitcoin holdings by buying 667 BTC for $69 million, averaging $101,135 for each Bitcoin. Riot has now bought enough Bitcoin to have a total of 17,429 BTC, worth almost $2 billion. This led to an 8% rise in its stock price, showing that investors trust its strategy. Since switching to Bitcoin mining in 2018, Riot has taken a similar approach to MicroStrategy, concentrating on buying

Argentina’s President plans tax cuts and free currency use, including Bitcoin

December 15, 2024 1 min read

Argentina President Javier Milei has announced plans for 2025 to change the country’s financial system by encouraging free currency use and rules that support cryptocurrency. This plan will allow Argentines to make transactions in any currency, including Bitcoin, increasing their financial freedom and flexibility. Milei’s plan includes a big cut in national taxes by 90%, allowing provinces to create their own tax rules. This decentralization seeks to reduce financial stress

Users are upset with Coinbase because many have faced long account restrictions. Some say their accounts have been frozen for months or even years. Complaints appeared on social media platform X, where users questioned Coinbase's claim that the rise in restricted accounts was just because of inactivity and outside worries about the crypto market. On December 9, Coinbase Support noted a big increase in platform activity after the recent elections, linking it to a 2-3x rise in fraud attempts. This increase led to the use of automated fraud prevention measures, resulting in more account restrictions and slower customer support responses. Even though Coinbase is trying to fix these problems, many users are unhappy and expressing their concerns. Users are upset and have gone online to share their complaints, claiming that Coinbase has communicated misleading information. Some accounts have been locked due to VPN use, and users have not received enough support even after trying many times to get help. Key people in the crypto community, such as investor Glauber Contessoto, have suggested having a customer service line available 24/7 to improve user support. Even with these challenges, Coinbase has done well financially in 2024, showing a 97% increase in stock value so far and reaching important goals for its layer-2 network, Base. The ongoing backlash about account restrictions highlights the need for Coinbase to improve its customer service and communication as more users join.

Coinbase faces backlash as users report prolonged account freezes

December 12, 2024 1 min read

Users are upset with Coinbase because many have faced long account restrictions. Some say their accounts have been frozen for months or even years. Complaints appeared on social media platform X, where users questioned Coinbase’s claim that the rise in restricted accounts was just because of inactivity and outside worries about the crypto market. On December 9, Coinbase Support noted a big increase in platform activity after the recent elections,

Gold advocate Peter Schiff labels Bitcoin a “national security threat”

December 11, 2024 1 min read

Peter Schiff, a well-known supporter of gold and a critic of Bitcoin, has sparked new conversations about cryptocurrency by calling Bitcoin a “national security threat.” In a recent post on X (formerly Twitter), Schiff said that Bitcoin’s misuse and increasing popularity hurt economic efficiency and waste resources. He said that Bitcoin supporters are corrupting government officials. He believes that private investments in Bitcoin are fine, but using public money for

Russian President Vladimir Putin calls Bitcoin “unstoppable”

December 6, 2024 1 min read

Russian President Vladimir Putin has recently recognized the strength of Bitcoin, stating that it cannot be banned. This is an important acknowledgment of cryptocurrency’s potential, especially with the ongoing economic sanctions against Russia. At a forum in Moscow, he pointed out that Bitcoin is decentralized, meaning it can’t be controlled from the outside. He also talked about how it can serve as a model for future payment systems. Putin spoke

Bitcoin (BTC) shows strong buying pressure after surging above $103K

December 5, 2024 1 min read

Bitcoin has recently crossed the important $100,000 level, reaching a peak of about $103,670 before stabilizing at around $102,000. Bitcoin’s market capitalization has surpassed $2 trillion for the first time, thanks to a 7.2% increase in just 24 hours. The crypto has performed well over the past month, gaining 50%. This is due to increased interest from institutions, more money flowing into exchange-traded funds (ETFs), and a positive outlook in

Brazil’s central bank proposes banning foreign-backed stablecoin transfers to private wallets

December 1, 2024 1 min read

Brazil’s central bank has introduced a draft proposal for strict regulations on stablecoins, aiming to align crypto operations with traditional financial rules. Announced on November 29, the proposal includes a ban on transferring foreign-backed stablecoins to self-custody wallets. If approved, crypto exchanges would prohibit users from moving these tokens to private wallets, treating them similarly to other financial assets like foreign investments. The central bank justifies the move as a

A U.S. court nullifies Tornado Cash sanctions

November 27, 2024 1 min read

A U.S. federal appeals court has invalidated sanctions against Tornado Cash, a crypto-mixing service, ruling that its immutable smart contracts cannot be classified as property. The Fifth Circuit Court of Appeals’ decision is a significant win for decentralization and privacy advocates, but it has reignited discussions on regulating blockchain tools often linked to illegal activities. The Treasury’s OFAC imposed sanctions on Tornado Cash in 2022, accusing it of facilitating money laundering

Author: Emma Davis

Article written by Emma Davis