Analysis Crypto by Thebittimes.Com

South Korean authorities are set to probe Sam Altman’s Worldcoin following complaints about the unorthodox methods the iris-scanning firm uses to collect its data. According to South Korea ’s Personal Information Protection Commission, its investigation, which began on February 29, will establish if Worldcoin has breached the Personal Information Protection Act. The authority said “if violations are confirmed ,” it will “take action in accordance with relevant laws and regulations.” The press release, translated via Google, said the South Korea Worldcoin investigation will look into “the overall collection and processing of sensitive information and overseas transfer of personal information.” It also noted that Worldcoin and ‘affiliates’ are reportedly collecting facial and iris data in 10 locations across South Korea .  Worldcoin’s orb revamp hopes to be less Black Mirror, more Apple Read more: Worldcoin can damage economy and amplify fraud, Kenya MPs hear ...

BONE achieved a 3 million daily transactions milestone, according to data from Shibarium Explorer. SHIB community expects rising transactions to impact BONE’s price in the crypto market. BONE achieved a remarkable $148 million market capitalization and reached a price of $0.592331 last Monday. Network activity on BONE, one of the crypto tokens in the Shiba Inu ecosystem, reached a landmark, recording three million daily trans action s on Monday, February 19. The Shib project’s representative on X posted about achieving this target a few hours before realization. The post suggested the rising number of trans action s would lead to an eventful week for the meme coin project.  Approaching 3 million trans action s… and the day isn’t over yet! Wishing the ShibArmy an amazing week ahead. Check out the latest Shibarium activity at https://t.co/8ttFbBwkrF pic.twitter.com/Hwe9pzpg9q — Shib (@Shibtoken) February 19, 2024 Data from the Shibarium explore...

The on-chain Analysis platform, Lookonchain, shared a post on Twitter this morning revealing that a whale bought and sold large quantities of tokens on DEX. The platform’s data indicates that the whale sold about 17.8 million SingularityNET (AGIX) for 7.86 million USDT. This was done at an average price of $0.44. This move by the whale resulted in a price dip for AGIX. AGIX price (Source: Lookonchain) CoinMarketCap indicates that it has been a tough 24 hours for AGIX, as the crypto is now trading hands at $0.4241 after a 4.11% price decrease over this time period. The altcoin is also in the red by more than 15% over the last week. AGIX’s 24-hour trading volume is in the red zone at the moment, and now stands at $101,947,203 after a more than 14% decline since yesterday. In terms of market cap, AGIX stands at $101,947,203. In the Twitter post by Lookonchain, the platform also mentioned that the same whale later bought 20.34 million CryptoGPT (GPT) with 1.87 million U...

Messari reported this morning that Solana has seen a huge increase in NFT transactions over the past month. Solana was even able to surpass both Ethereum and Polygon in terms of NFT transaction volume. At press time, SOL’s price was up more than 6% despite being delisted from yet another crypto exchange. The crypto research and analytics platform Messari shared a post on Twitter earlier today sharing that Solana (SOL) has experienced a notable increase in its daily NFT trans action s. According to the post,  Solana’s NFT trans action s have doubled over the past 30 days alone. Solana daily NFT transaction count (Source: Twitter) Messari added in the post that Solana’s NFT success can be attributed to heightened activity with consumer apps. As a result of this, Solana was even able to surpass both Ethereum (ETH) and Polygon (MATIC) in terms of NFT trans action volume. Solana’s success in the NFT space was accompanied by a decent increase in the al...

Bitcoin price recaptured the $22,000 level, but pending regulatory action against stablecoins and today's CPI report are front of mind for many investors. After twenty days of holding the $22,500 support, Bitcoin (BTC) price finally broke down on Feb. 9. Bullish traders had placed their hope on a sustained rally, but this has been replaced by a tight trading range with resistance at $22,000.  The downtrend is even more concerning since the S&P 500 is trading near its highest level in six months, yet the wider crypto market continues to correct. Regulatory pressure, mainly in the United States, can explain Bitcoin's recent lackluster performance. For starters, on Jan. 9, Kraken exchange reached an agreement with the United States Securities and Exchange Commission (SEC) to stop offering staking services to U.S. clients. The crypto also firm agreed to pay $30 million in disgorgement, prejudgment interest and civil penalties. On Feb. 10, cryptocurrency lending firm Nexo Capit...

After a torrid 2022 that saw it sell off its flagship mining facility, Argo Blockchain's woes are worsening after a recent class action suit. Investors of crypto mining firm Argo Blockchain have filed a class action lawsuit accusing the miner of making untrue statements and omitting key information during its initial public offering (IPO) in 2021. A newly filed lawsuit on Jan. 26 is aimed at Argo and several of its executives and board members. It claims the firm failed to disclose how susceptible it was to capital constraints, electricity costs and network difficulties. "The Offering Documents were negligently prepared and, as a result, contained untrue statements of material fact or omitted to state other facts necessary to make the statements made not misleading," the lawsuit read. As a result, the investors claim the Business was “less sustainable” than they had been led to believe which led to an overstatement of the miner’s financial prospects. The complaint noted...