Worldcoin, the high-profile cryptocurrency venture spearheaded by OpenAI CEO Sam Altman, is facing privacy concerns as a black market has emerged for the biometric information that is required for the project’s verification process. A Gizmodo report states that individuals in China have been acquiring detailed iris scans to gain access to the Worldcoin beta network. The post Worldcoin faces privacy concerns as iris scan black market emerges for biometric verification appeared first on CryptoSlate.

The world’s largest DAO by treasury size, BitDAO, has joined forces with Mantle, a high-performance modular L2 blockchain built on Ethereum, to establish a DAO-led web3 ecosystem called the Mantle Ecosystem. The merger combines BitDAO’s existing ecosystem, products, governance, and BIT tokenomics, all under a single brand, Mantle.xyz. The announcement was made following the success The post BitDAO-Mantle merger creates $2.5B DAO-led web3 ecosystem appeared first on CryptoSlate.

Bitcoin’s illiquid supply has reached a new all-time high as hodlers spend less than they accumulate. The surge in illiquid supply is a testament to the resolve of Bitcoin investors in a time of high FIAT inflation and macroeconomic concerns. Traditionally ‘illiquid supply’ refers to the amount of Bitcoin held by entities and is not The post Bitcoin illiquid supply hits all-time high as hodlers’ resolve fastens appeared first on CryptoSlate.

The NFT market is experiencing a contraction in 2023, with daily trading volumes falling significantly compared to previous highs, according to a recent NFT report by Galaxy. Ethereum’s price performance has outpaced NFT projects, causing a breakdown of their longstanding positive correlation. Despite this, NFT activity remains higher than the 12-month lows in November 2022, The post NFT market a ‘game for pros’ in 2023 as volume declines appeared first on CryptoSlate.

The UK Treasury Committee's recent report recommends regulating retail trading and investment in "unbacked crypto assets" like Bitcoin and Ether as gambling. While it acknowledges the potential benefits of cryptocurrencies, the report focuses on the risks they pose. Interestingly, this gambling regulation approach could open up a new possibility for crypto taxation in the UK, considering its tax-free stance on gambling. This could lead to a significant shift in the nation's fintech industry and global crypto landscape, but there's a catch... The post Everything you need to know on UK regulating crypto as gambling appeared first on CryptoSlate.