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South Korea’s Personal Information Protection Commission (PIPC) has recently announced significant penalties against Worldcoin and its partner organization, Tools for Humanity (TFH), amounting to a combined total of KRW 1.14 billion (approximately $861,408). This action, triggered by various complaints and media scrutiny, highlights the importance of compliance with data protection regulations, particularly in the collection
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Caroline Ellison, previously at the helm of Alameda Research and once romantically linked to the controversial Sam Bankman-Fried (SBF), has become emblematic of the broader fallout from the FTX debacle. Recently sentenced to two years in prison and ordered to forfeit an astonishing $11 billion, Ellison’s case highlights the complexities surrounding corporate accountability, personal integrity,
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As the global cryptocurrency market continues to grow and evolve, regulatory bodies around the world are taking proactive measures to protect investors from potential pitfalls. In this context, Dubai’s Virtual Assets Regulatory Authority (VARA) has recently unveiled updated marketing guidelines aimed at ensuring transparency and fostering responsible promotion of virtual assets. Effective from October 1,
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The digital landscape is increasingly fraught with deception, especially as online gambling platforms proliferate. Recently, Indian authorities teamed up with Binance, the world’s leading cryptocurrency exchange, to take down Fiewin, a supposedly legitimate gaming app that siphoned over ₹400 crore (approximately $47.6 million) from unsuspecting users. This incident not only highlights the vulnerabilities inherent in
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The landscape of cryptocurrency is ever-evolving, marked by rapid developments and shifting user interests. A key metric for gauging the vitality of any blockchain network is its number of daily active addresses. This figure provides a window into the level of user interaction and engagement with a given cryptocurrency. Recent analysis by the market intelligence
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Recent developments in the cryptocurrency market indicate a robust surge in demand for spot Bitcoin exchange-traded funds (ETFs) among US investors. Throughout the last week, over $1 billion flowed into 11 US-based spot Bitcoin ETFs, marking a significant uptick in bullish sentiment. This surge has rekindled interest in not only Bitcoin but also its counterpart,
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