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Worldcoin faces worldwide bans

Worldcoin, a cryptocurrency project known for its controversial biometric data collection practices, is facing a potential ban as global regulators express mounting concerns over privacy and artificial intelligence (AI) implications. This development highlights the increasing scrutiny that digital asset projects face in their efforts to navigate the complex regulatory landscape.

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Worldcoin, a cryptocurrency project known for its controversial biometric data collection practices, is facing a potential ban as global regulators express mounting concerns over privacy and artificial intelligence (AI) implications. This development highlights the increasing scrutiny that digital asset projects face in their efforts to navigate the complex regulatory landscape.

The project’s primary objective involves distributing digital tokens to individuals worldwide in exchange for their biometric data, a move that has sparked significant debate and criticism. Critics argue that such practices pose serious privacy risks and could lead to the misuse of sensitive personal information.

The regulatory backlash against Worldcoin is part of a broader trend where authorities are tightening regulations on AI and data privacy. Governments and regulatory bodies are becoming more vigilant about how companies collect, store, and use personal data, especially when advanced technologies like AI are involved.

In response to these concerns, several countries are considering implementing stricter regulations or outright bans on projects like Worldcoin. The European Union, known for its rigorous data protection laws, has been particularly vocal about the need for stringent oversight. EU officials have cited potential violations of the General Data Protection Regulation (GDPR) as a key reason for their stance against Worldcoin.

The project’s founders argue that Worldcoin aims to create a more inclusive financial system by providing digital currency access to underserved populations. However, the growing regulatory pressure could significantly hinder their ambitions. Worldcoin has stated that they are committed to complying with all applicable regulations and ensuring that their operations are transparent and secure.

As the debate over privacy and AI regulation intensifies, the outcome for Worldcoin remains uncertain. This situation underscores the challenges that innovative projects face in balancing technological advancement with ethical considerations and regulatory compliance. The evolving landscape will likely shape the future of digital currencies and their integration into the global financial system.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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