Investigation into Worldcoin’s Data Collection Practices
The Argentine Agency for Access to Public Information (AAIP) has launched an investigation into the identity and cryptocurrency protocol Worldcoin. The agency aims to determine the legality of Worldcoin’s data collection practices, particularly regarding the collection, storage, and use of personal data. This investigation comes after the company faced public scrutiny for scanning the faces and irises of individuals in exchange for financial compensation in various locations in Argentina.
Canadian Authorities Seek Solution for Crypto Seizure and Storage
The Royal Canadian Mounted Police (RCMP) and Shared Services Canada (SSC) are seeking a solution to facilitate the seizure and storage of cryptocurrencies and non-fungible tokens (NFTs). Canadian law enforcement has observed an increase in the use of digital assets for illegal activities. The RCMP aims to develop a centralized repository solution that allows for the safe and secure storage of seized assets while offering significant security against theft.
Bank of Canada Finds Little Incentive for CBDC Adoption
According to a paper from the Bank of Canada, Canadians have little reason to adopt a central bank digital currency (CBDC). The study concluded that most adult Canadians have access to a range of payment methods and do not experience gaps in this access. However, difficulties may arise for individuals if merchants stop accepting cash as a method of payment.
Bitget’s Protection Fund Surpasses $368 Million
Bitget, a cryptocurrency exchange, reported that its Protection Fund consistently maintained a value exceeding $300 million since November. In July, the fund’s value surged to over $368 million, primarily due to the recovery of bitcoin prices. The exchange’s daily tracking of the Protection Fund revealed an average value of $359.6 million.
Bakkt Reports Q2 2023 Financial and Operational Results
Bakkt, a digital asset marketplace, published its financial and operational results for Q2 2023. The report highlighted gross crypto services revenues of $335.3 million and total revenues of $347.6 million, which included gross crypto revenues and net loyalty revenues. The company also emphasized its focus on prudent expense management, with an expected decrease in operating cash flow usage for the second half of 2023.
Coinrule Launches Marketplace for Automated Trading Strategies
Coinrule, an automated trading platform, unveiled its new Marketplace driven by Generative Models like GPT. This feature provides users with a wide range of pre-built trading strategies and the ability to customize and automate their trades. The Marketplace includes a comprehensive library of tested strategies, seamless integration with major crypto exchanges and stock platforms, and a community of traders.
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