Web3 Diaries-Argentina Opens Investigation On Worldcoin
The Argentine Agency for Access to Public Information (AAIP) said on Tuesday that it has opened an inquiry into Worldcoin to determine the legitimacy of its data gathering methods in Argentina.
The AAIP specified that it will examine the security measures put in place to protect the privacy of Worldcoin users in Argentina.
The procedure of scanning numerous people's faces and irises in exchange for payment at various locations in Buenos Aires City and the provinces of Buenos Aires, Córdoba, Mendoza, and Ro Negro, according to the agency, has gained public attention in recent weeks.
Sandbox Shifts 60M ‘SAND’ Ahead of Monday’s $133M Token Unlock
Metaverse platform Sandbox’s native token SAND has slid this month ahead of its Monday unlock, set to release more than 16% of the circulating supply.
However, 60 million SAND tokens were transferred out of the multisig Sandbox Genesis smart contract one week ago, according to block explorer Etherscan, a sign the unlock had already begun. Sandbox Discord Ambassador, who goes by the screenname Uncle Grumpy said this was an effort to “not shock” the system.
Token unlocks, typically bearish for the price, inject previously frozen liquidity into the market with scheduled issuances, often to project insiders and investors. Monday’s unlock will see over 332 million SAND tokens (roughly $133 million) enter into the open market.
Bittrex Reaches Settlement With SEC; Agrees to Pay $24M Fine
Crypto exchange Bittrex settled charges of offering U.S. investors access to unregistered securities on Thursday, agreeing to pay a $24 million fine within two months of filing a liquidation plan for the exchange.
The SEC sued Bittrex, which filed for bankruptcy in May, earlier this year, saying it simultaneously operated a securities exchange, broker and clearinghouse without registering as any of these things with the regulator.
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