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Also Read: 8 Ways You Can Make Money On New X (Ex-twitter) advertisement Worldcoin Gathering Data Without Purpose? According to reports, the Bavarian State Office for Data Protection Supervision launched a probe against Worldcoin d back in November 2022. Michael Will, the state regulator’s president stated that they are the front leading authority which is investigating Worldcoin ’s compliance with the European Union’s data protection rules. The state regulator’s president mentioned that the probe was launched because Tools for Humanity, a firm behind Worldcoin has a subsidiary in the jurisdiction. He added that the technology behind this is neither established nor well analyzed for any specific core purpose. Will pointed out that this action leads to a huge number of risks which include users’ data protection. One significant concern is whether users have provided explicit consent for their data to be processed, and if the...

The BRICS alliance has sent invitations to 69 countries to be a part of the upcoming summit in Johannesburg, South Africa. If the invitation is accepted, the next BRICS summit will witness one of the largest gatherings of world leaders for one event. The summit will be held in August and the bloc will discuss expansion, among other pressing issues. Also Read: BRICS: Warren Buffet Predicts the Future of the U.S. Dollar The bloc of five nations will also discuss bilateral trade agreements and focus on using local currencies than the U.S. dollar for cross-border transactions. BRICS will initiate dialogues to convince developing countries to end reliance on the U.S. dollar for global trade. A handful of countries from Africa, Asia, and South America and moving towards local currencies for trade than the dollar. Read here to know the total number of countries that want to ditch the U.S. dollar for cross-border remittances. Also Read: BRICS Prohibits Western Countries From Atte...

Jul 29, 2023 at 08:08 // Price Author Coin Idol The XRP price is bearish after failing to break through the $0.85 resistance level. XRP price long-term forecast: bullish The cryptocurrency asset had two rejections as buyers were unable to keep the price above the resistance level. XRP retreated above the $0.71 support today. On the downside, the price indicator predicted that the cryptocurrency would continue to fall. XRP could fall even further to $0.63. If the altcoin falls to $0.63, it will be trapped between the moving average lines. The market wi...

Bitcoin (BTC) returned to exchanges en masse on July 27 in a sign that “major volatility” could come next. According to data from on-chain analytics firm Glassnode, intraday BTC exchange inflows have hit multi-month highs. Trader warns of BTC price volatility “spike” BTC price action continues to linger below $30,000, and traders have consistently warned that further downside could come next. At current levels, Bitcoin’s largest-volume investor cohort, the whales, appear to be in a state of flux in an unclear market. Now, with large tranches of coins on the move in recent days, attention is focusing on entities sending funds to exchanges — with the implication that selling pressure could increase as a result. As noted by market observers, including James Straten, research and data analyst at crypto insights firm CryptoSlate, over 10,000 BTC in inflows on a single day represented the biggest one-day increase for several months. “Yesterday, the most amount of Bitcoin went back onto exch...

ZachXBT reported that scammers recently hacked into Twitter’s Legal Request portal using stolen Italian government emails . The crypto sleuth noted that scammers used unauthorized access to the Twitter Legal Request portal to ban accounts, look up information, and remove posts by forging fake subpoenas. 1/6 BREAKING: Scammers have stolen Italian Government emails in order to access the Twitter Legal Request portal to ban accounts, lookup info, and remove posts from forging fake subpoenas. pic.twitter.com/O8Mn7n8H4m — ZachXBT (@zachxbt) July 26, 2023 ZachXBT said he was a victim of the attempted take-downs. He shared an instance where he received an email from Twitter stating that Italian law enforcement had requested the removal of five of his tweets. It seems someone tried to maliciously do a takedown request for five of my tweets. Thankfully Twitter did not side with them. pic.twitter.com/kuVmhHMMLe — ZachXBT (@zachxbt) July 21, 2023 The tweets in question wer...

The bot is the third in a series of AI-trading initiatives launched this year. One area where artificial intelligence (Ai) technologies are rapidly synergizing with blockchain is at cryptocurrency exchanges. Since the beginning of the year, Binance has launched an AI-powered nonfungible tokens (NFTs) generator for authenticated users. Meanwhile, OKX has introduced an AI integration to monitor market volatility. Bybit has also plugged into ChatGPT for AI-powered trading tools.  On the other hand, cryptocurrency exchange Bitget has rolled out a series of AI- trading bots starting in June. On July 27, the exchange launched a new Commodities Trading Advisor (CTA) AI bot. In an interview with Cointelegraph, Gracy Chen, Bitget's managing director, explained the benefits and risk factors in detail.  We're bringing AI to Grid Trading. That's right, you can now choose between 3 earning options depending on your risk appetite. The upgrade allows more accessibility and is optimiz...

IntoTheBlock Shares insights into crucial metrics to pay attention to, as Bitcoin plummets below the $30,000 psychological support level. IntoTheBlock, a prominent blockchain data resource, has shared crucial metrics to watch as Bitcoin (BTC) breaks below the $30,000 psychological support level, sparking concern among traders and investors. According to a report shared today, IntoTheBlock pointed out that, despite the drop below $30,000, approximately 68.96% of Bitcoin holders are currently in a profitable position, which stands in contrast to many other altcoins struggling in the market.  1/ Bitcoin dipped back under $30k. Is it cause for concern? Let's delve deeper into the on-chain data to analyze the situation. #Bitcoin #BTC #Analysis pic.twitter.com/65iYGtMfHS — IntoTheBlock (@intotheblock) July 26, 2023 However, the report also highlights that 49.66% of the active addresses from the previous day are currently experiencing losses. Most of these addresses...

JPMorgan’s trading desk expects a “ hike and pause ” as the likely outcome of the FOMC meeting that will lift the market, reported Bloomberg. With the second-quarter earnings season in full swing, the Fed’s decision to either pause or confirm one more hike will bring further upside momentum. The headline inflation falling and jobs data coming close to the Fed’s expectations also signal a rate hike stop. advertisement Wall Street banks including Morgan Stanley , Goldman Sachs , Bank of America , Citigroup , and Wells Fargo analysts also estimated a 25 bps rate hike and pause, with a possible rate hike by the year’s end. CME FedWatch Tool shows a 99% probability of a 25 bps rate hike. Dow and S&P 500 futures are up about 0.1%, while Nasdaq 100 futures flat ahead of a key rate hike decision by the US Fed. Treasury yields and oil prices are falling, as well as, the US dollar index (DXY) moving to 101, indicating further upsi...

Elon Musk adjusted his social network’s brand to a Shiba Inu dog without significant impact. Musk changed the blue bird logo Twitter desktop version to the white X on black background. Users are anticipating more changes for the rebranded social network. Elon Musk, the owner of X (formerly Twitter), posted about a period when he adjusted the social network’s brand to a Shiba Inu dog without any significant impact. Musk tweeted in reply to Jonah Katz, one of the engineers at X, who claimed he would still be active on the site even if it rebranded its logo to a donkey. We rebranded to a Shiba Inu dog for a while. No impact. — Elon Musk (@elonmusk) July 25, 2023 The discussion arose amid the ongoing total rebranding of Twitter to Elon Musk’s X, a brand he has held for many years. After changing the blue bird logo on the desktop version to the white X on a black background, some X users are anticipating more changes for the social network. Users on...

Bitcoin’s (BTC) historic achievement of mining block 800,000 marks a pivotal moment in the leading cryptocurrency’s journey. This milestone signifies that Satoshi Nakamoto’s Bitcoin has completed 867 million successful transactions since its first block as the network gets closer to its fourth halving event.  Bitcoin standing the test of time  Bitcoin (BTC), the pioneering digital currency, has surpassed a significant milestone by mining the 800,000th block . Block 800,000 signifies 867 million confirmed transactions, averaging 1,084 transactions per block , all securely stored within a compact 497 GB block chain.  You might also like: Bitcoin network activity hits a 2-year high due to NFT activity Bitcoin halving and predictions by experts The mining of block 800,000 has brought attention to Bitcoin’s upcoming fourth halving event. The halving process gradually reduces the rate at which new BTCs are issued, further fueling Bitcoin’s scarcity and dist...

The supply of bitcoin (BTC), last active in over five years, has reached an all-time high, despite the recent movement of over 1,000 BTC tokens that had been dormant for 11 years.  A whale address, which had been inactive for over a decade, caught the crypto community’s attention when it transferred all 1,037.42 BTC (equivalent to $30 million) to a new address with the identifier “bc1qtl.” The transaction came up as BTC aimed to reclaim the $30,000 territory. Citing on-chain data, blockchain surveillance platform Lookonchain emphasized that this mammoth transaction marks the first activity from this particular bitcoin holder since April 11, 2012, when they acquired 1,037.42 BTC at a price of $4.92 each. A BTC whale that has been dormant for 11 years transferred all 1,037.42 $BTC($37.8M) to a new address"bc1qtl" an hour ago. The whale received 1,037.42 $BTC($5,107 at that time) on Apr 11, 2012, when the price was $4.92.https://t.co/k8ZmO5vc8X pic.twitt...

Bank de France has unveiled the outcomes of its wholesale central bank digital currency (wCBDC) trial. The experimentation comprised twelve diverse tests carried out over the past three years in collaboration with several European central banks, commercial banks, and partners in the fintech space. It sought to test various models for issuing wCBDC and understand how these digital currencies can impact the different aspects of the financial system. La #BanquedeFrance publie un second rapport sur la monnaie numérique de banque centrale (#MNBC) wholesale ("de gros"), à destinations des acteurs financiers, sur la base de 12 expérimentations. Trois modèles ont été testés, afin de vérifier leur faisabilité opérationnelle.… pic.twitter.com/UQHed0scb8 — Banque de France (@banquedefrance) July 21, 2023 A wCBDC is a central bank-issued digital banknote specifically meant to settle large-volume transactions between financial institutions. The experiments led to several key ...

New court documents reveal that while Sam Bankman-Fried appeared unprepared for the fall of his FTX crypto exchange, he had other survival plans. The filings disclose his strategy to acquire the island nation of Nauru, envisioning it as a sanctuary for himself and fellow members of the effective altruism movement in the event of a catastrophic event like a great fire or flood. Frequently misguided and sometimes dystopian Newly submitted  court documents, filed in a federal bankruptcy court in Delaware on July 20, have brought to light a memo written by an FTX Foundation official and Gabriel Bankman-Fried, the brother of Sam Bankman-Fried.  The memo laid out a visionary plan focused on the future survival of FTX and Alameda Research employees, as well as individuals affiliated with the effective altruism concept, presenting intriguing possibilities for the preservation of these groups in times to come. A recent lawsuit has been brought forward concerning allegations against th...

Address poisoning is one of the latest tricks used by scammers, but this cutting-edge security tool is stepping up the fight to protect users’ crypto holdings. Crypto scams are evolving by the minute to trick a large pool of non-tech-savvy users who are unfamiliar with the intricacies of the blockchain world. Even more experienced users may fall into the scammers’ trap, but browser extension Web3 Antivirus has designed an all-around protection service for Web3 users . One of the recent crypto scams making waves is the so-called address poisoning. MetaMask warned crypto holders about the scam’s existence earlier this year, but it continues to find new victims. For example, in April 2023, the crypto community discovered that an address poisoning attack resulted in the theft of $1.2 million worth of ARB tokens from more than 600 wallets. HACK ALERT: Scammer Steals 933,000 $ARB Tokens Worth $1.3M From Over 630 Wallets Through An "Address Poisoning" Scheme ️#ARB #Arbitrum #...

New York Representative Ritchie Torres had an exclusive interview with Cointelegraph to discuss why retail investors are still at risk following the XRP court ruling. On July 13, 2023, United States District Court Judge Analisa Torres ruled that Ripple’s XRP (XRP) token should not be considered a security when sold on retail digital asset exchanges. Stuart Alderoty, chief legal officer at Ripple, told Cointelegraph that last week’s ruling makes it clear that the U.S. Securities and Exchange Commission’s (SEC) theory that a token can be an investment contract and, therefore, a security, no longer has support in the law. He said of the ruling: “That is not only a huge win for Ripple, but it’s a win for all of crypto in the United States. The SEC can no longer tout their record in crypto, which was, up till now, by and large, settlements with players that didn’t have the resources to fight back.” While this may be, New York Representative Ritchie Torres told Cointelegraph that the Ripple...