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Brazil bans Worldcoin from giving crypto for eye scans

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The Brazilian government has officially banned the Worldcoin project, citing concerns over privacy and data protection related to its biometric eye-scanning technology. The project, spearheaded by OpenAI’s Sam Altman, aimed to incentivize users with cryptocurrency in exchange for their unique iris scans to create a “proof of personhood.” However, Brazil’s Ministry of Justice and Public Security raised red flags, questioning the project’s compliance with data protection laws and the risks of misuse of sensitive biometric information.

Worldcoin’s rollout in Brazil had sparked widespread debate, as it targeted individuals in developing nations with promises of financial inclusion through digital identity. Critics argued that the initiative exploited vulnerable populations and failed to provide clear guarantees on data security. Privacy advocates also warned of potential surveillance and the centralization of sensitive data in the hands of a single entity, which contradicts the ethos of decentralization in blockchain technology.

Brazil’s decision follows similar scrutiny from regulators worldwide, including in Europe and Africa, where concerns over ethical data collection practices and potential violations of GDPR and local privacy laws have been raised. Worldcoin representatives have yet to respond directly to the ban, but they have previously asserted that the project complies with applicable regulations and adheres to stringent data protection standards.

The ban in Brazil underscores the increasing regulatory challenges faced by emerging blockchain projects, particularly those involving biometric data. As governments ramp up oversight to ensure consumer protection and ethical practices, projects like Worldcoin will need to demonstrate greater transparency and accountability. This decision also highlights the global demand for balancing innovation with privacy, a key issue as blockchain technology continues to evolve.

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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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