Press Release Today TheBitTimes.com

ChatGPT creator Sam Altman’s Crypto project , the controversial Worldcoin, has been placed on hiatus in Kenya — where hundreds of thousands have already signed up — amid concerns by the government over the collection of biometric data. “The Government is concerned by the ongoing activities of an organization calling itself ‘WORLD COIN’ which is involved in the registration of citizens through the collection of eyeball/iris data,” said Kenya’s Ministry of the Interior on Wednesday in a Facebook post. Inquiries and investigations by security, financial, and data protection agencies have already commenced, the press release said, to establish “the safety and protection of the data being harvested, and how the harvesters intend to use the data.” If these probes uncover “any risks to the general public whatsoever,” Worldcoin will remain suspended . Worldcoin is a dystopian eyeball-scanning crypto project. Orb stations (ball-shaped cameras) scan your iris to “distinguish hu...

As a result, whales and investors are taking arbitrage opportunities to swap Tether (USDT) for USDC and DAI stablecoins on exchanges Curve, Uniswap, and 1inch. advertisement Tether CTO: Ready For Redemptions Amid USDT Depeg FUD Tether CTO Paolo Ardoino took to Twitter to calm rising FUD surrounding USDT amid negative sentiment in the crypto market. He claims Tether is ready for any amount of redemptions. Tether reserve backing has been a key concern for the community, with critics alleging that Tether does not have money and may default. Markets are edgy in these days, so it's easy for attackers to capitalize on this general sentiment. But at Tether we're ready as always. Let them come. We're ready to redeem any amount. — Paolo Ardoino 🍐 (@paoloardoino) June 15, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated Li...

The past year has been quite depressing for the crypto market. Collapses, bankruptcy filings, and stagnated prices are the characteristics that stood out in 2022. With the gloomy year almost coming to an end, Peter Johnson, Co-Head of Venture at Brevan Howard Digital took to Twitter to share a positive development pertaining to Stablecoins . Stablecoins: The Crypto Market’s Knight In Shining Armor? In 2021, Stablecoins settled around $7 trillion in on-chain. However, the rate is already up to $9 trillion per year now. Johnson highlighted that the amount settled by other payment-processing corporations like Mastercard (~$2.2T), Amex (~1T), and Discover (<200B) were fairly lower. Visa’s processing rate alone, on the other hand, stood around $12 trillion per year. 1/ Last year, stablecoins settled >$7tn on-chain. Current run-rate is ~$9tn/yr. This is significantly more than Mastercard (~$2.2tn), Amex (~$1tn), and Discover (<$200bn). In 2023, on-chain stablecoin...