Ruslan

@baraded

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Court Orders Worldcoin to Delete Biometric Data Collected Illegally in Kenya The High Court in Kenya has ordered Worldcoin to erase biometric data collected unlawfully from citizens, citing violations of data protection laws. The court found that Worldcoin failed to obtain valid consent and did not conduct required assessments before processing personal data. This ruling emphasizes the importance of data privacy and mandates oversight by the Office of the Data Protection Commissioner during the deletion process. Worldcoin faces increasing regulatory scrutiny globally

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U.S. Treasury Targets Cambodia's Huione Group for North Korea Money Laundering Ties The U.S. Treasury Department is moving to block Cambodia's Huione Group, accusing it of laundering proceeds from cybercrimes linked to North Korea's Lazarus Group. The Financial Crimes Enforcement Network (FinCEN) claims Huione has facilitated over $4 billion in illicit funds since August 2021. This proposed action aims to cut Huione off from U.S. financial institutions, significantly hindering its ability to launder money through the U.S. banking system

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Ethereum R1 Launches as a Token-Free, Decentralized Layer-2 Solution Ethereum has introduced a new layer-2 solution, Ethereum R1, notable for lacking a native token or governance structure. Operating on donations, it aims to restore decentralization and neutrality to Ethereum's scaling efforts. Critics of existing L2s argue they prioritize private funding and centralized control. Despite Ethereum’s declining base layer revenue, demand for L2 solutions remains high, raising questions about the future of Ethereum's ecosystem. The success of Ethereum R1 could set a new standard for decentralized scaling solutions

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Senator Ossoff Calls for Trump's Impeachment Over Memecoin Dinner U.S. Senator Jon Ossoff has called for the impeachment of President Trump, accusing him of "selling access" through a private dinner for top holders of the Official Trump memecoin. Speaking at a town hall, Ossoff stated that such actions constitute an impeachable offense. Despite the Republican majority in Congress, he hopes for a Democratic gain in the upcoming midterm elections. The dinner, offering perks to token holders, has reportedly boosted the token's value significantly

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Trump Hints at Tariff Reductions, China Remains Skeptical President Trump has sparked optimism by suggesting a reduction in tariffs on Chinese imports, indicating a potential thaw in the trade war. However, Beijing demands the complete removal of tariffs before negotiations, viewing Trump's conciliatory tone with skepticism. Chinese officials claim no substantial talks are underway, and analysts believe China may be waiting to negotiate from a position of strength. Despite Trump's shift, experts warn that ongoing tariffs could harm both economies, leading to eventual talks framed as a win for China.

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Crypto Firms Seek Banking Licenses Amid Evolving Regulations Over 15 cryptocurrency and fintech firms, including Circle and BitGo, are pursuing banking licenses through the Office of the Comptroller of the Currency (OCC). This surge reflects a growing desire for integration with the traditional financial system, particularly under new, crypto-friendly OCC leadership. Firms aim for OCC trust charters as a pathway to secure Federal Reserve master accounts, granting access to the Fed's payment infrastructure. Recent regulatory shifts, including FDIC support for crypto activities

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GOP Divided Over Proposed Millionaire Tax Increase A rift has emerged in the Republican Party over a proposal to raise the top income tax rate from 37% to 40% on earnings above $1 million. President Trump has warned that this could drive millionaires to leave the country, potentially harming tax revenues. Some GOP lawmakers support the increase to fund an economic package, arguing it could soften perceptions of the party favoring the wealthy. However, House Speaker Mike Johnson expressed opposition, and anti-tax groups have mobilized against the proposal

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Trump Media Partners with Crypto.com to Launch ETFs Trump Media & Technology Group (TMTG) has partnered with Crypto.com and Yorkville America Digital to launch a series of ETFs that combine cryptocurrency exposure with "Made in America" securities, particularly in sectors like energy. The ETFs, which will include assets tied to Bitcoin and Cronos, are pending regulatory approval and are expected to be available later this year. TMTG plans to invest up to $250 million into these products, aiming to cater to investors interested in both digital assets and the American economy.

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Pope Francis Passes Away at 88 Pope Francis has died at the age of 88 on Easter Monday, April 21, 2025, following a serious bout of double pneumonia. The Vatican confirmed his passing, describing it as a profound loss. Born Jorge Mario Bergoglio in 1936, he became the first Latin American pope in 2013, known for his humility and commitment to reforming the Catholic Church. Despite facing health struggles, he remained active until his final days. World leaders have paid tribute to his legacy of compassion and interfaith dialogue

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Family Offices Prefer Ethereum Over Bitcoin in ETP Allocations Family offices are increasingly favoring Ethereum in their allocations of spot crypto exchange-traded products, holding 0.62% of Ethereum ETP assets compared to just 0.13% for Bitcoin ETPs. This trend highlights a proportional interest in Ethereum among agile investors. While hedge funds dominate Bitcoin ETP holdings, Ethereum attracts a more diverse investor base, with brokerages and investment advisors leading in ownership. The divergence reflects different risk appetites and strategic priorities

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Meliuz Plans to Adopt Bitcoin as Core Treasury Asset Brazilian fintech firm Meliuz is set to adopt Bitcoin as its primary treasury asset, reflecting the rising trend of corporate Bitcoin adoption in 2025. The proposal will be presented to shareholders on May 6, aiming for approval to accumulate more Bitcoin through operational cash flow. Following the announcement, Meliuz shares surged over 14%, highlighting strong market support. This move positions Meliuz among forward-thinking companies integrating crypto into their financial strategies as they seek resilience against inflation and currency volatility.

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Russia Considers Ruble-Backed Stablecoin to Challenge Dollar Dominance In response to Tether's restrictions on Russian exchange Garantex, Russia's Finance Ministry is exploring the creation of domestic stablecoins pegged to foreign currencies. Tether froze assets linked to Garantex after EU sanctions, cutting off access to over $30 million. Officials suggest a ruble-backed stablecoin could reduce reliance on US dollar-pegged tokens like USDT. This initiative aims to enhance Russia's financial independence amid growing trade tensions and evolving regulatory frameworks

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Trump Expands Digital Empire with New Blockchain Game Launch President Donald Trump is set to launch a crypto-themed game inspired by MONOPOLY GO! in late April. The game, managed by longtime associate Bill Zanker, allows players to navigate a virtual board and earn in-game currency linked to blockchain technology. Although Zanker denied formal ties to MONOPOLY GO!, the gameplay similarities have raised eyebrows. This project is part of Trump’s broader embrace of digital assets, which includes a meme coin and various NFT initiatives

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CZ Denies Claims of US Federal Reserve Ties and Prison Avoidance Changpeng Zhao (CZ), co-founder of Binance, has dismissed bizarre accusations claiming he never served jail time and works for the US Federal Reserve. The rumors, spread by Chinese influencer Liangxihgui during an X Spaces session, gained significant attention. CZ confirmed he served a four-month prison sentence in 2024 for anti-money laundering violations. He criticized influencers for using his name for clout but humorously suggested the attention could signal a bullish market trend

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McDonald’s Rejects Bitcoin Proposal Amid Corporate Crypto Debate McDonald’s has declined a shareholder proposal from the National Center for Public Policy Research (NCPPR) urging the company to invest in Bitcoin. The NCPPR argued that Bitcoin offers superior liquidity and growth potential compared to traditional assets. They cautioned that failing to adopt Bitcoin could leave McDonald’s at a disadvantage as more companies embrace digital currencies. The SEC supported McDonald’s decision, allowing the company to exclude the proposal from its upcoming shareholder meeting

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Kraken and Mastercard Launch Physical Crypto Debit Cards in Europe and the UK On April 8, Kraken announced a partnership with Mastercard to introduce physical crypto debit cards in the UK and Europe. This initiative allows users to spend cryptocurrencies and stablecoins at over 150 million merchants globally. The rollout follows Kraken's goal to secure a license under the EU’s Markets in Crypto-Assets Regulation. Kraken Pay supports seamless transfers and has gained over 200,000 users. Mastercard's involvement underscores its commitment to digital payment innovation.

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Trump Disbands National Cryptocurrency Enforcement Team Amid Pro-Crypto Shift President Trump has dissolved the National Cryptocurrency Enforcement Team (NCET), which was established by the Biden administration to combat crypto-related crimes. This move aligns with Trump's broader strategy to promote cryptocurrency as a key part of his 2024 campaign. The NCET was instrumental in prosecuting high-profile cases but faced criticism for being politically motivated. Now, U.S. attorney's offices will oversee digital asset cases, shifting focus primarily to terrorism-related crimes.

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Bitcoin Plummets Amid Trump’s Tariff Turmoil Bitcoin's price dropped 4% to $76,353.71 over the weekend, marking a significant decline from nearly $85,000 just days prior. This fall follows President Trump's recent tariff announcements, which have unsettled global markets and heightened recession fears. Other cryptocurrencies, including Ether and Solana, also suffered losses of 15% and 13%, respectively. Investors are bracing for continued volatility, with over $500 million liquidated in the crypto market within 24 hours.

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Endless Web3 Genesis Cloud Shines at Hong Kong Web3 Festival 2025 At the Hong Kong Web3 Festival 2025, Amit Kumar Jaiswal, CTO of Endless Web3 Genesis Cloud, delivered a keynote on the transformative Endless protocol. He addressed barriers to Web3 adoption, emphasizing the need for user-friendly, developer-oriented solutions. Endless features a decentralized infrastructure, modular development tools, and AI-driven applications. The EDS token supports transactions and incentivizes participation. Jaiswal highlighted Luffa, a decentralized SocialFi platform

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China's DeepSeek AI Aids Rescue Efforts in Myanmar Earthquake In the wake of the devastating 7.9-magnitude earthquake in Myanmar, Chinese rescue teams are deploying the AI model DeepSeek to facilitate communication with locals. Developed within hours of the disaster, this Chinese-Burmese translation tool was created to meet the urgent needs of rescue operations. DeepSeek has already supported over 2,850 translation services and includes features such as voice translation and map integration. The initiative, backed by the National Emergency Language Service Corps, aims to enhance the effectiveness of rescue missions. As of now, over 500 Chinese rescue workers have been deployed, successfully rescuing nine survivors amid the ongoing crisis, which has resulted in nearly 3,000 deaths and thousands injured or missing.

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