Bithumb fined as South Korea cracks down on crypto user data

South Korea’s Personal Information Protection Commission has ordered Bithumb to pay 210 million won, or about $136,000, for breaching overseas personal information transfer rules.  Summary Bithumb’s privacy fine adds fresh pressure as Korean regulators tighten checks on overseas exchange transfers. The case shows order-book sharing can trigger data rules when member details move abroad without…

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Crypto News Today (June 25): BTC Crashed Below $60K, Already Back to $61K, More Binance EU Licence Drama, and Standard Chartered Calls for AAVE to Hit $3,500

In crypto news today (June 25), BTC USD crashed below $60,000 late yesterday but has since recovered to $61,500, with nearly $1Bn in liquidations piling up and $780M of that $994M figure coming from long positions. The Bitcoin crash coincided with ETF flows seeing $469M exit the various BTC funds, the largest day of outflows…

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Former Ethereum Foundation Contributors Launch Ethlabs R&D Nonprofit

Five former senior researchers from the Ethereum Foundation have launched Ethlabs, an independent non-profit R&D organization dedicated to advancing Ethereum’s technical capabilities for the mass adoption phase. Ethlabs launched on June 22nd with backing from BitMine, SharpLink, and Ethereum co-founder Joe Lubin. The emergence of Ethlabs comes during the same week the Ethereum Foundation announced…

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Bank Cards May Be Obsolete by 2030 as Tokens and Biometrics Move In

Key Takeaways node=”” data-is-only- node=””> Mastercard targets 12/31/2030 for tokenized, biometric payments replacing card numbers. Mastercard says tokens and biometrics could cut fraud and reshape retail checkout flows by 2030. node=””>Apple Pay and Google Pay adoption grows, but outages and access concerns may test the transition. The plastic card has been riding high just as…

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Chainlink Taps 50+ Banks Across Two Continents for Real-Time Stablecoin FX Settlement Test

Project Pangea brings together Korean and European banking coalitions to tackle the $9.6 trillion-a-day foreign exchange market’s persistent settlement delays using onchain infrastructure. Chainlink has launched Project Pangea, a cross-border foreign exchange settlement initiative involving more than 50 financial institutions representing over $10 trillion in assets under management. The project aims to replace the industry’s…

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