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. Worldcoin reprimanded in Hong Kong OpenAI CEO Sam Altman’s flagship crypto project, Worldcoin, has been sanctioned in Hong Kong due to alleged privacy violations. According to local reports citing the Office of the Privacy Commissioner for Personal Data, authorities have requested Worldcoin to cease collecting data of local residents from the firm’s iris scanning devices. Investigators alleged thatprior toscanning their biometrics, participantswere not properlty informedaboutthe collection oftheir private data, which would “be retained for up to 10 years to train the artificial intelligence model for the identity verification process.” In response, Worldcoin has stated that the firm “doesn’t seek to know, share or profit from a person’s identity or personal information, only to verify that they are human and unique.” Over 10 million users worldwide have signed up for Worldcoin since its launch in June 2023. Users who scan their irises can receive the WLD token as an incentive. #ETHETFsApproved

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Worldcoin reprimanded in Hong Kong

OpenAI CEO Sam Altman’s flagship crypto project, Worldcoin, has been sanctioned in Hong Kong due to alleged privacy violations.

According to local reports citing the Office of the Privacy Commissioner for Personal Data, authorities have requested Worldcoin to cease collecting data of local residents from the firm’s iris scanning devices.

Investigators alleged thatprior toscanning their biometrics, participantswere not properlty informedaboutthe collection oftheir private data, which would “be retained for up to 10 years to train the artificial intelligence model for the identity verification process.”

In response, Worldcoin has stated that the firm “doesn’t seek to know, share or profit from a person’s identity or personal information, only to verify that they are human and unique.”

Over 10 million users worldwide have signed up for Worldcoin since its launch in June 2023. Users who scan their irises can receive the WLD token as an incentive.

#ETHETFsApproved

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SEC fines NYSE parent company $10M for failing to report cyberattack The Intercontinental Exchange will pay a penalty for failing to timely inform a cyber intrusion. The enforcement action affected several ICE subsidiaries, including the New York Stock Exchange. The Intercontinental Exchange (ICE) will pay a penalty of $10 million for failing to inform authorities about a cyber intrusion, according to an announcement from the United States Securities and Exchange Commission (SEC). The breach, discovered in April 2021, involved malicious code inserted into a virtual private network (VPN) device to access ICE’s corporate network. The SEC claims that ICE quickly identified the threat but failed to notify legal and compliance officials at their subsidiaries, including the New York Stock Exchange, for several days. The agency’s Regulation Systems Compliance and Integrity (Regulation SCI) requires companies to inform the SEC immediately of any significant cybersecurity incident. SEC Director of Enforcement Gurbir Grewal said: “When it comes to cybersecurity, especially events at critical market intermediaries, every second counts and four days can be an eternity.” ICE is behind the world’s largest network of exchanges and clearing houses. Its subsidiaries include exchanges like the New York Stock Exchange (NYSE), ICE Futures U.S. and Europe, alongside clearing houses and data providers. #CyberCapital #ETHETFsApproved #altcoins #btc70k #MicroStrategy
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$ETH Polymarket gets backlash over ‘approved’ outcome on $13M Ethereum ETF bet A multi-million bet on “Ethereum ETF approved by May 31” resolved to a “Yes” on Polymarket as news from the SEC broke, but the losing side argues it's not over yet. Polymarket users who lost money by betting against the approval of spot Ether ETH tickers down $3,701 exchange-traded funds (ETFs) are crying foul toward the decentralized betting platform, arguing the bet is still on. One betting market on the blockchain platform saw over $13.2 million worth of bets placed on whether an Ether ETF would be approved by May 31 — but it didn’t exactly detail what “approved” meant. The market closed at a “Yes” result on May 23, after the Securities and Exchange Commission greenlit the 19b-4 filings for multiple Ether ETFs. Polymarket's logs show the result was briefly disputed but ultimately resolved with the same “Yes" outcome. But “No” voters argue the call is incorrect, saying a United States ETF needs an approved 19b-4 filing and Form S-1 to start trading on an exchange, and without the S-1 filing, there can’t be a “Yes” result. Analysts say it could be months before the SEC approves the S-1s, which some “No” voters may have banked their money on. Prominent “No” bidder “JustKen” — who changed their name to “RevengeTour19B4” after the saga — pointed to VanEck digital assets research head Matthew Sigel’s X post that said “ETFs are not considered ‘approved’” until both the S-1 and “19b-4 filing have been signed off on by the SEC. #TrendingBinance #ETHETFsApproved #EthereumETFApprovalExpectations #BTC
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