Crypto

Worldcoin faces three-month data collection suspension in Spain, WLD price drops 10%

Spain’s Data Protection Agency (AEPD) has ordered Worldcoin to halt personal data collection and processing and cease using already gathered data within the country for the next three months. This directive, issued on Mar. 6, addresses several complaints received by the AEPD against Worldcoin, citing inadequate information provision, data collection from minors, and inability to …

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OpenAI counters Elon Musk’s lawsuit, reveals tech mogul predicted their failure

Artificial intelligence company OpenAI has announced its intention to dismiss all allegations made by Elon Musk, revealing the tech billionaire initially assigned the company’s success odds at zero. Responding to Musk’s recent lawsuit alleging a departure from its nonprofit roots, OpenAI unveiled email correspondences shedding light on its interactions with Musk. Last week, Musk, a …

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WOOFi offers 10% bounty in race to recover $8 million stolen in flash loan exploit

The total value of assets locked on the decentralized exchange (DEX) WOOFi plunged by nearly 20% to $45 million after it confirmed it was exploited via a flashloan attack. The hack Earlier today, WOOFi detailed how it fell victim to a hacking episode within 13 minutes. The project explained that a hacker diligently manipulated its …

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SEC uses insider trading judgment to enhance case against Coinbase, Binance

The US Securities and Exchange Commission (SEC) wants to leverage a decision from an insider trading case to strengthen its lawsuit against several crypto trading platforms, including Coinbase and Binance.US, according to recent court filings. SEC claims ‘insider trading’ case is relevant Last week, the SEC obtained a default judgment against Sameer Ramani, who was …

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STHs transfer $2.6 billion at loss to exchanges, marking third highest since May 2022

Quick Take The market’s response to Bitcoin’s approximate 15% decline from just over $69,000 to roughly $59,500 showcases a clear distinction between long-term holders (LTHs), who have retained Bitcoin for more than 155 days, and short-term holders (STHs), whose holding period is less than 155 days. LTHs, who typically accumulate Bitcoin during bear markets, have …

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Record highs, sharp drops, and rapid recovery trigger $1 billion market liquidation

Quick Take In an extraordinary 24-hour period, Bitcoin soared to a new all-time peak of around $69,200, then experienced a rapid sell-off, dropping the price to near $59,500. Following this tumultuous drop, Bitcoin has since rebounded and is now stabilizing at approximately $67,000. BTCUSD Bitstamp: (Source: Tradingview) This precarious and sudden market volatility triggered a …

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Funding rates soared as traders bet big on Bitcoin’s future gains before correction

Funding rates are an often overlooked yet vital aspect of the crypto market. These rates are essential in perpetual futures contracts — financial instruments that allow traders to bet on Bitcoin’s price without an expiration date. Funding rates help align the price of these contracts with the actual market price of Bitcoin through periodic payments …

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SEC request court to take further action after reaching ‘impasse’ with Binance.US

The SEC filed a joint motion on March 5 requesting the court to take further action against Binance.US over allegedly failing to comply with regulatory requests for information on customer assets. According to the filing, the SEC claims that Binance.US’s inspections have been insufficient, company counsel has refused to answer critical questions, and the firm …

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