Day: April 12, 2019

Bounty UK fined £400,000 for sharing personal data unlawfully

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The Information Commissioner’s Office (ICO) has fined Bounty (UK) Limited £400,000 for illegally sharing personal information belonging to more than 14 million people. An ICO investigation found that Bounty, a pregnancy and parenting club, collected personal information for the purpose of membership registration through its website and mobile app, merchandise pack claim cards and directly from new mothers at hospital bedsides. But the company also operated as a data broking service until 30 April 2018, supplying data to third parties for the purpose of electronic direct marketing. Bounty breached the…

Institutions To Bring Bitcoin Past $20,000 In Coming 2 Years: CNBC Analyst

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For the past 14 months, investors spanning the cryptocurrency industry have done their best to stay afloat in the storm that is this Bitcoin (BTC) bear market. Stakeholders, by and large, have held onto the help that institutional investors, in the form of the so-called “herd” as Mike Novogratz puts it, will revive the crypto sector. However, over much of 2018, institutions were fleeting. But, in 2019, there’s a whole different story. In fact, according to one prominent crypto researcher, Wall Street adoption, deemed a false narrative by BTC bear…

Blog: Data Protection law does not prevent information sharing to save lives and stop crime

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12 April 2019 Steve Wood reminds public and private organisations that new data protection legislation does not stop them from disclosing personal data to assist police forces or other law enforcement authorities. It’s nearly eleven months since the UK’s new data protection legislation came into effect, giving organisations more responsibilities and giving citizens strengthened rights. In terms of data sharing the message is also one of continuity as the core considerations that existed under the previous legislation remain the same.  We are aware that sometimes, organisations are hesitant to share…

Goldman Sachs CEO Refutes Bank Ever Had Plans to Open Crypto Trading Desk

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Goldman Sachs CEO David Solomon has categorically refuted that the bank ever had any plans to open a crypto trading desk and stated that earlier media reports suggesting otherwise were incorrect.  Solomon made his remarks before the United States House of Representatives Financial Services Committee on April 10, during a hearing entitled “Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 years after the Financial Crisis.” As previously reported, Goldman Sachs’ alleged plans to create a crypto-focused unit by the end of June 2018 were originally covered in…

Asset Manager Warns of ‘New Lows’, Predicts Bitcoin Price Crash to $1,000

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Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. According to Tyler Jenks, the president of Lucid Investments, bitcoin could fall back to $4,200 in the near future and may eventually drop to $1,000. He said: I have not…

Blockchain-Powered Job Marketplace Platform to Migrate 700K User Profiles to Eos

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Blockchain-powered freelancers marketplace Moonlighting is set to migrate its 700,000 user accounts to Eos (EOS) developer Block.one’s Eos.io protocol. The development was announced in a press release shared with Cointelegraph on April 11. Moonlighting’s move comes as part of a new strategic partnership with Block.one’s venture capital fund Eos VC Fund and fintech incubator and VC fund FinLab AG. A joint venture between the two funds, FinLab Eos VC Fund, led a $5 million investment round to back Moonlighting’s move to the Eos blockchain and grow its user base, Coindesk…

ICC to Support Blockchain Adoption Among Its 45 Million Member Businesses

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Singapore blockchain startup Perlin is helping the world’s largest business organization, the International Chamber of Commerce (ICC), roll out the technology, the company confirmed in a press release on April 12. Perlin, which is already involved in blockchain pilots for various major businesses, including Asia Pacific Rayon, will now gain access to ICC’s members as the organization attempts to bring innovative technologies to the fore. Now one hundred years old, the ICC counts 45 million businesses under its wing, including Amazon, CocaCola, FedEx, McDonalds and PayPal. “In collaboration with Perlin,…

Bitcoin and Ether Market Update: April 12, 2019

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The total crypto market cap declined to $169.3 billion after losing $11 billion of its value since April 10. The top ten currencies are all in red for the 24-hour period with Litecoin (LTC) losing 7.8 percent. At the time of writing, bitcoin (BTC) is trading at $5,055, while ether (ETH) stands at $165 and Ripple’s XRP hovers around $0.326. BTC/USD Bitcoin was trading in the $5,197 to $5,487 zone on  April 10 and closed the session at $5,310 on the Bitfinex daily chart. The coin was showing stability as…

Will China Ban Crypto Mining?

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On April 9, Reuters reported that a Chinese government agency is considering the elimination of crypto mining in the country. Given that China has been hosting the majority of mining pools on its soil, the global crypto industry might be poised to take a massive hit. However, the plan is not written in stone at this point, and part of community has dismissed it as casual FUD. Brief introduction to China’s relationship with crypto Chinese authorities have been spearheading the “blockchain before Bitcoin” approach since September 2017, when the infamous…

Bitcoin ‘Misery Index’ Flashes Highest Since Mid-2016; Crash Coming?

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Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. While bitcoin hovers near its highest price in months, you may not have noticed a big move in Fundstrat Global Advisors’ Bitcoin Misery Index. Fundstrat head and perma-bull Thomas Lee…