Worldcoin Iris Codes Can Now Be Deleted Amid Growing Global Scrutiny

KEY POINTS World ID holders can now have their iris codes deleted, unverifying their information The crypto project also said age verification checks will now be held “in-person” Portugal was the latest country to raise concerns about the project’s biometric collection activities Crypto biometrics project Worldcoin announced two new updates Tuesday that the Sam Altman-backed … Read more

‘Terrible Product’: Blockstream CEO Slams MicroStrategy’s New ETF

KEY POINTS Back noted that auto-rebalancing only puts the ETF in the face of higher risks in a volatile market MicroStrategy’s valuation is largely tied to its Bitcoin strategy that landed it a 214K BTC stash Kerrisdale Capital said late last month it was short on MSTR due to its potential overpricing Michael Saylor’s MicroStrategy … Read more

‘United For Bitcoin’: Crypto Giants Launch Campaign To Get BTC Its Own Emoji

KEY POINTS The coalition has set up a website where crypto enthusiasts can learn more about the movement A Bitcoin emoji should help drive financial literacy, the coalition said Polygon, Chainalysis and CryptoQuant are among the initiative’s supporters A group of over 20 major cryptocurrency organizations have launched a “historic” campaign to push for an … Read more

Judge Junks Lawsuit Against Apple Alleging Crypto Tech Restrictions On Cash App, Venmo

KEY POINTS Judge Chhabria said there were ‘several fatal problems’ with the lawsuit He said it was ‘difficult’ to see the case being salvaged even with an amended filing Apple is faced with multiple antitrust complaints, including a recent sweeping DOJ lawsuit Apple has won a consumer lawsuit that accused the big tech giant of … Read more

Judge Denies Gemini-Genesis Bid To Dismiss SEC Lawsuit Over Crypto ‘Earn’ Program

KEY POINTS Judge Ramos said the SEC “plausibly alleged” the companies sold unregistered securities He said the regulator sufficiently alleged Gemini Earn investors expected profits from the firms’ efforts Gemini recently reached a settlement to return at least $1.1 billion to Earn users A U.S. judge has denied the motions filed by cryptocurrency custodian Gemini … Read more

Taiwan Will Introduce New Virtual Currency Draft Law In September: Regulator

KEY POINTS FSC chair Huang reportedly had less optimistic views of digital currencies He reportedly warned investors against putting their money on “unapproved” digital asset platforms Taiwanese legislators last year pushed forward a bill that looks to “properly supervise” the crypto sector Taiwan is set to propose a draft law targeting digital currencies later this … Read more

Republican Senators Move To Block Federal Reserve From Issuing A CBDC

KEY POINTS The proposed legislation wants to prohibit the use of CBDCs ‘for monetary policy, and for other purposes’ Cruz said Congress should ‘clarify’ that the Fed has no authority to implement a CBDC A Heritage economist that a CBDC could ‘gut the U.S. dollar’ Several GOP senators have introduced legislation that could block the … Read more

Crypto Whale Sells Nearly $4M Worth Shiba Inu, But Token Retains Upward Trend

KEY POINTS The crypto whale sold 421.6 billion SHIB within a period of 6 hours Saturday The sale has reportedly resulted in over $6 million in losses to the crypto whale SHIB’s Saturday price was not largely affected by the huge sale A crypto whale, described within the cryptocurrency circle as an individual or entity … Read more

K9 Finance’s $KNINE Token: Reshaping DeFi On Shibarium, One Block At A Time

KEY POINTS $KNINE is expected to drive more interest and activity on the Shib ecosystem $BONE holders will be able to delegate on ETH and receive an LSD token in return directly on Shibarium Liquid staking on Shibarium will “lift all boats in the Shib ecosystem”: K9 Finance founder Buzz K9 Finance, a liquid staking … Read more

SBF Says He’s Sticking With New Lawyers Through Sentencing Despite Possible Conflicts

KEY POINTS Bankman-Fried had shorter hair when he made a brief court appearance Wednesday Prosecutors alleged that Alameda Research used stolen FTX customer funds to repay Celsius One of SBF’s new lawyers also represents Alex Mashinsky, the founder of Celsius Sam Bankman-Fried (SBF), the disgraced founder of fallen cryptocurrency exchange FTX, confirmed in a brief … Read more