Author: CryptooTimes

Hong Kong’s privacy regulator has found that Worldcoin contravened local privacy laws, required the Worldcoin Foundation to cease all operations in the region. Worldcoin, an iris biometric crypto startup co-founded by OpenAI chief executive Sam Altman, has found itself embroiled in controversy over its data collection practices in Hong Kong. According to a report released by the Office of the Privacy Commissioner for Personal Data (PCPD) on May 22, the project has been found to contravene Hong Kong’s personal data (privacy) ordinance, posing risks to privacy associated with the way how the San Francisco-headquartered startup handles biometric data. The Privacy…

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Cardano whales increase holdings by 11%, while Borroe Finance prepares for a significant rally following its DEX listing. Despite experiencing a slowdown in May, whale investors have taken a keen interest in Cardano (ADA) and increased their holding by a staggering 11%. Amid this development, Borroe Finance (ROE) is gearing up for a massive upside movement as it launches on a DEX. Let’s find out how these developments would impact these top crypto coins.  Whales increase Cardano holding by 11%…

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“In the future, we think embedded wallets really make sense for decentralized applications, rather than being forced to build their own or use less trusted firms or experimental products,” said Wu in an interview. “With Bitski’s expertise in embedded wallets, onboarding will be much easier. Instead of telling people to download a separate mobile app, and adopt a seed phrase, simply sign up with an email and get started immediately.” Source link

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The total decentralized finance (defi) total value locked (TVL) is currently witnessing an impressive surge as the broader cryptocurrency market gains bullish momentum. According to data provided by Defi Llama, the total defi TVL increased by 9.1% in the past 24 hours and is standing at $105.63 billion at the time of writing. Notably, this is the first time since May 11, 2022, that the defi market value surpasses the $100 billion mark. Defi TVL | Source: Defi Llama With the current rally, 51 of the total 52 defi protocols that have a TVL of over $500 million are roaming…

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