South Korea Hits Worldcoin With Nearly  Million Fine–Here’s What Happened

South Korea Hits Worldcoin With Nearly $1 Million Fine–Here’s What Happened

Source: Bitcoinist South Korea’s Personal Information Protection Commission (PIPC) has imposed a fine on Tools for Humanity, the developer behind the Worldcoin project, for violating local data privacy laws. The commission announced that the company was fined over 1.1 billion Korean won (roughly $830,000) for allegedly mishandling personal data and breaching overseas data transfer regulations….

Read More
New Crypto Regulations in Japan Ease Rule For Blockchain Gaming Sector

New Crypto Regulations in Japan Ease Rule For Blockchain Gaming Sector

Source: Bitcoinist Japan’s Financial Services Agency (FSA) has announced plans to reform the country’s regulatory framework on crypto gaming. This move, according to the report, appears to be aimed at assisting businesses in managing their digital currency assets better and to “stimulate” growth in the blockchain gaming sector. With the reform, the FSA is reportedly…

Read More
Crypto Hack Losses Down In Q3 2024, Ethereum Still Most Targeted Blockchain: Report | TheSpuzz

Crypto Hack Losses Down In Q3 2024, Ethereum Still Most Targeted Blockchain: Report | TheSpuzz

Source: Bitcoinist Crypto hack and fraud-related losses decreased in Q3 2024, though Ethereum (ETH) remained the most targeted smart contract platform, according to a report by Immunefi. Losses Primarily Due To Centralized Exchange Hacks Immunefi has released its 2024 Q3 report, detailing the specifics of cryptocurrency-related hacks and losses during the quarter. The report notes…

Read More