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    HomeWorldEU to Impose Record Privacy Fine on Meta for Transferring Facebook Data...

    EU to Impose Record Privacy Fine on Meta for Transferring Facebook Data to US

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    XRP price could drop by 50%

    The post XRP Price at Risk of Crashing 50%, Here’s Why appeared first on Coinpedia Fintech News It’s an exciting weekend for crypto fans, and especially for those watching XRP closely. There’s been an update about Ripple’s case with the SEC, and while it’s not terrible news, it’s not great either. According to an analyst, right now, XRP is trading around $2.43 — but the situation feels a bit shaky. Over the …

    Analyst Predicts Dip Before Altseason Explosion in Crypto Market

    The post Crypto Market News: One Final Dip Before Altseason Explosion, Analyst Predicts appeared first on Coinpedia Fintech News The crypto market might be getting ready for one last dip before prices take off. Analysts are keeping a close eye on Bitcoin and altcoins, with signs pointing to a major rally just around the corner. Right now, Bitcoin is holding strong, and the chances of it falling back to $75,000 look slim. The market …

    Analyst Predicts Top Altcoin for 3x Gains This Weekend

    The post Will Crypto Pump or Dump This Weekend? Analyst Reveals Top Altcoin For 3x Gains appeared first on Coinpedia Fintech News As the weekend approaches, traders are wondering whether the crypto market will see a pump, dump, or move sideways. On The Paul Barron Network, analyst Evan Aldo recently shared his thoughts on the market’s short-term direction. According to Aldo, the market could either move sideways or see a small pump over the weekend. If he …
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    EU regulators are working on a ban that will stop Facebook from transferring European user data using a legal tool. The ban is being led by Ireland’s Data Protection Commissioner, Helen Dixon. Meta, the company that owns Facebook, has not commented on the matter. The Irish Data Protection Commission and the European Commission have also not responded to requests for comment.

    Sources say that Meta is set to receive a record European Union privacy fine because of its failure to comply with a warning from a top EU court. The fine will be higher than the previous record of €746 million ($821.20 million) given to Amazon.com Inc.

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    The EU regulators are concerned that U.S. intelligence agencies could access the information transferred by Facebook. Therefore, they want to stop the legal tool used by Facebook to transfer European user data. The Irish DPC has been given one month to make an order blocking Facebook’s transatlantic data flows, and the ban could be in place by mid-May.

    Also read:  Impact of Federal Reserve's Liquidity on Crypto Market

    In 2020, Europe’s highest court ruled that an EU-U.S. data transfer agreement was invalid because of surveillance concerns. Meta has warned that an order to ban the mechanism it uses to transfer data from Europe to the United States could force it to suspend Facebook services in Europe.

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    The article is from a syndicated news agency feed and was last updated on May 18, 2023.

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