Month: July 2021

Blog: Reflecting on the first year of the ‘Explaining decisions made with AI’ guidance

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Abigail Hackston, ICO Senior Policy Officer – Innovation looks back on the ICO’s work with organisations who use personal data and artificial intelligence (AI) to support, or to make decisions about, individuals. 30 July 2021 It is estimated that AI has the potential to help UK GDP grow by between 10 and 22 per cent by 2030. But with AI so often relying on people’s personal data to fuel innovation, those benefits are only possible where people trust their information will be used fairly. To help organisations achieve this, the…

How NFT Has Changed Digital Art and What to Expect From It in the Future

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The specialized media write about the “collapse of the NFT bubble”, although not long ago NFT was called the main trend of 2021 in crypto art. We bring to your attention an article in which the Boosty Labs team shares their opinion on what is happening to the digital art market now and what to expect from it in the future.   Boosty Labs is an IT outsourcing company specializing in NFT marketplace development (https://boostylabs.com/blockchain/nft), tech consulting, and P2P software development. A few terms that will help you better understand…

Blog: Spotlight on the Children’s Code standards – best interests of the child, detrimental use of children’s data and data minimisation

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A blog by Michael Murray, ICO’s Head of Regulatory Strategy 28 July 2021 Providing detailed explanations of each standard is one of the ways we’re supporting organisations to conform with the ICO’s Children’s Code. Our Spotlight blogs are aimed at organisations that are already familiar with the code and the UK General Data Protection Regulation (UK GDPR). If you’re new to the code and think you may be impacted by it, our Children’s Code video is a good place to start. Our second post focuses on the standards that compel…

Robinhood Under Investigation for FINRA Registration Violation

Robinhood Financial is facing an investigation over CEO Vlad Tenev’s failure to register with the Financial Industry Regulatory Authority, one of Wall Street’s top regulators, the online broker disclosed Tuesday in regulatory filings. The firm said it received an “investigative request” from FINRA on Monday. In question is Robinhood’s compliance with “FINRA registration requirements,” particularly the status of Tenev and his co-founder, Baiju Bhatt. FINRA wants documents and information, Robinhood said. “Robinhood is evaluating this matter and intends to cooperate with the investigation,” the firm said in the documents. jwplayer(“jw-video-gcaWlUHv”).setup({playlist:”https://cdn.jwplayer.com/v2/media/gcaWlUHv”})…

Blog: Regulating through a pandemic and beyond

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A blog by James Dipple-Johnston, Deputy Commissioner – Chief Regulatory Officer 27 July 2021 When the ICO’s management team met at the start of the pandemic, to discuss how COVID-19 could impact the ICO’s work, our top priority was providing clarity to those we regulate. We knew that, in uncertain times, organisations needed us to be clear about how we would regulate, and what they could expect to see us do differently. That is why we published a document setting out our regulatory approach during the pandemic. We wanted to clearly…

ICO approves the first UK eIDAS Regulations Qualified Trust Service Provider

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The Information Commissioner’s Office has approved GlobalSign as the UK’s first qualified trust service provider [QTSP] under the UK eIDAS Regulations. Trust services are important to businesses as they help ensure electronic transactions can happen securely and legally using mechanisms such as electronic signatures. To become a QTSP organisations must undergo a conformity assessment to demonstrate they meet the requirements of the UK eIDAS Regulations. This is then checked by the ICO. GMO GlobalSign Ltd is the first company globally to have gone through this process in the UK under…

Bitcoin Recaptures the 50-day MA as Twitter Sentiment Turns Bullish

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Bitcoin seems to have recaptured the 50-day moving average as support Bitcoin is now firmly above the $34k price area, trading at the $34,720 at the time of writing Bitcoin’s weekly close tonight will provide more information as to whether its bullish trajectory can be sustained Twitter sentiment surrounding Bitcoin has returned to bullish territory and could have entered a slight FOMO phase Bitcoin (BTC) has continued on its bullish climb for a fifth straight day after the local low of $29,278 set on Tuesday, July 20th. The King of…

Bitcoin Supply On Crypto Exchanges Begins to Drop as BTC Reclaims $33k

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Bitcoin supply on crypto exchanges has once again started to drop, almost equaling January lows Bitcoin outflows from exchanges have exceeded inflows by 2,333 BTC in the last 7 days Elon Musk and ‘The ₿ Word’ Bitcoin conference is one reason BTC is bullish once again Jack Dorsey stating that Bitcoin will be a big part of Twitter’s future, is another fundamental reason why Bitcoin is above $33k Bitcoin supply on crypto exchanges has once again started to decline and is on a path towards equaling low levels last witnessed…

Tron, Stuck in Polygon’s Shadow, Deserves Its Own Place in the Sun, Founder Says

Justin Sun isn’t accustomed to being overlooked nor is he happy when he feels that one of his projects isn’t getting enough attention. Sun, who is known for his self-promotion and marketing stunts at least as much for the Tron blockchain network he founded, is rankled because the recent explosive growth on Tron is being overshadowed by better known rival Polygon. So Sun is using his substantial aggrandizement skills to fix that perception. While statements from one of the most visible and vocal figures in crypto often can suffer from…

Tesla Will Most Likely Resume Accepting Bitcoin (BTC) – Elon Musk

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Elon Musk has stated that Tesla will most likely resume accepting Bitcoin for car payments He pointed out that Bitcoin mining had shifted more towards renewables as China clamped down on coal-powered BTC mining within its borders Mr. Musk made the comments during ‘The ₿ Word’ virtual conference that was attended by Cathie Wood, Jack Dorsey, Elon Musk and moderated by Steve Lee Bitcoin is once again trading above $32k and could be due to the statements by Elon Musk The Founder of Space X and CEO of Tesla, Elon…