biométricos
20,735 views
3 Discussing
Hot
Latest
$BIO Short Liquidation: $5.0082K Obliterated at $0.69175!
The crypto market has struck again, this time shaking BIO shorts to their core!
A hefty $5,008.2 short position was liquidated as the price surged to $0.69175, sending shockwaves through the market.
Let’s dissect this explosive move and what it means for traders.
What Happened?
A significant short position worth $5.0082K was liquidated as $BIO ’s price spiked to $0.69175.
This liquidation is a clear sign of unexpected bullish momentum, catching bearish traders off guard.
Why It’s Thrilling:
1. Bullish Breakout?
The liquidation indicates a surge in buying pressure, potentially signaling a breakout for $BIO .
2. Short Squeeze in Progress?
This could be the start of a short squeeze, where liquidated shorts drive additional upward momentum as traders scramble to cover positions.
3. Critical Level Surpassed:
The $0.69175 mark may represent a key resistance level now turned support, setting the stage for further gains.
4. Unexpected Turn:
Short liquidations of this size often occur when market sentiment takes an abrupt turn, leaving many unprepared.
Implications for Traders:
Bullish Signal: This liquidation hints at strong buyer interest and potential upward movement in BIO.
Key Levels to Watch: If the price consolidates above $0.69175, further bullish momentum could be expected. Failure to hold could see a quick retracement.
Volatility Alert: Events like this typically bring increased price swings, presenting both risks and opportunities for traders.
Market Context:
$BIO has been gaining attention recently, and this event adds another layer of intrigue.
As the market watches closely, traders must decide:
Is this the beginning of a sustained rally or just a fleeting spike?
#biométricos
#BinanceAlphaAlert
#TrumpBTCBoomOrBust
#NonFarmPayrollsImpact
#SUIHitsATH
The crypto market has struck again, this time shaking BIO shorts to their core!
A hefty $5,008.2 short position was liquidated as the price surged to $0.69175, sending shockwaves through the market.
Let’s dissect this explosive move and what it means for traders.
What Happened?
A significant short position worth $5.0082K was liquidated as $BIO ’s price spiked to $0.69175.
This liquidation is a clear sign of unexpected bullish momentum, catching bearish traders off guard.
Why It’s Thrilling:
1. Bullish Breakout?
The liquidation indicates a surge in buying pressure, potentially signaling a breakout for $BIO .
2. Short Squeeze in Progress?
This could be the start of a short squeeze, where liquidated shorts drive additional upward momentum as traders scramble to cover positions.
3. Critical Level Surpassed:
The $0.69175 mark may represent a key resistance level now turned support, setting the stage for further gains.
4. Unexpected Turn:
Short liquidations of this size often occur when market sentiment takes an abrupt turn, leaving many unprepared.
Implications for Traders:
Bullish Signal: This liquidation hints at strong buyer interest and potential upward movement in BIO.
Key Levels to Watch: If the price consolidates above $0.69175, further bullish momentum could be expected. Failure to hold could see a quick retracement.
Volatility Alert: Events like this typically bring increased price swings, presenting both risks and opportunities for traders.
Market Context:
$BIO has been gaining attention recently, and this event adds another layer of intrigue.
As the market watches closely, traders must decide:
Is this the beginning of a sustained rally or just a fleeting spike?
#biométricos
#BinanceAlphaAlert
#TrumpBTCBoomOrBust
#NonFarmPayrollsImpact
#SUIHitsATH
Worldcoin Fined 1.1 Billion Korean Won
The Worldcoin Foundation and Tools for Humanity have been penalized by South Korean authorities for unlawfully collecting and transferring biometric data.
On September 26, the Personal Information Protection Commission announced a fine of 1.1 billion Korean won (approximately $850,000) against Worldcoin and its partner, Tools for Humanity.
The privacy watchdog initiated an investigation into Worldcoin following complaints and media reports suggesting that the project was gathering biometric data in exchange for cryptocurrency without obtaining proper consent or a legal basis.
Worldcoin has conducted iris scans on around 30,000 individuals in South Korea. The investigation revealed that both the Worldcoin Foundation and Tools for Humanity, which oversees the World App cryptocurrency wallet, breached South Korean laws by collecting iris data from nearly 30,000 users without appropriate consent.
Moreover, Worldcoin transferred this biometric information overseas without notifying users about the recipient countries or providing necessary contact details, as mandated by local laws. The commission also pointed out that the Worldcoin Foundation did not adequately inform users about the data's purpose, retention period, and other essential information. Initially, the consent form was only available in English, which hindered local users' understanding until a Korean version was made available in March.
In its defense, Worldcoin claimed that the iris code data was used solely to prevent duplicate registrations and was anonymous, thus not identifying individuals. However, the commission dismissed this argument, stating that iris code data is unique, unchangeable, and directly associated with individuals.
Worldcoin's contentious iris scanning practices have attracted scrutiny from regulatory bodies in countries such as India, Hong Kong, and Germany.
#worldcoin #biométricos #IrisScan #KoreanWon
On September 26, the Personal Information Protection Commission announced a fine of 1.1 billion Korean won (approximately $850,000) against Worldcoin and its partner, Tools for Humanity.
The privacy watchdog initiated an investigation into Worldcoin following complaints and media reports suggesting that the project was gathering biometric data in exchange for cryptocurrency without obtaining proper consent or a legal basis.
Worldcoin has conducted iris scans on around 30,000 individuals in South Korea. The investigation revealed that both the Worldcoin Foundation and Tools for Humanity, which oversees the World App cryptocurrency wallet, breached South Korean laws by collecting iris data from nearly 30,000 users without appropriate consent.
Moreover, Worldcoin transferred this biometric information overseas without notifying users about the recipient countries or providing necessary contact details, as mandated by local laws. The commission also pointed out that the Worldcoin Foundation did not adequately inform users about the data's purpose, retention period, and other essential information. Initially, the consent form was only available in English, which hindered local users' understanding until a Korean version was made available in March.
In its defense, Worldcoin claimed that the iris code data was used solely to prevent duplicate registrations and was anonymous, thus not identifying individuals. However, the commission dismissed this argument, stating that iris code data is unique, unchangeable, and directly associated with individuals.
Worldcoin's contentious iris scanning practices have attracted scrutiny from regulatory bodies in countries such as India, Hong Kong, and Germany.
#worldcoin #biométricos #IrisScan #KoreanWon