Month: April 2023

ICO statement on Capita incident

An ICO spokesperson said: “Capita has reported an incident to us and we are assessing the information provided. “Other organisations who are affected should also consider their position and report data breaches where necessary. Organisations must notify the ICO within 72 hours of becoming aware of a personal data breach, unless it does not pose a risk to people’s rights and freedoms. “If an organisation decides that a breach doesn’t need to be reported they should keep their own record of it, and be able to explain why it wasn’t…

Volkswagen to Launch First 100% EV Sedan and to Invest $1B in China’s EV Development

Prominent German automaker Volkswagen has announced plans to roll out its ID.7 EV across three continents within the next year.  Volkswagen appears set to stake its claim in China’s electric vehicle (EV) market by launching a higher-end car. The German motor vehicle manufacturer also plans to invest up to $1 billion to develop electric cars in China. This week, Volkswagen made the announcement at the Shanghai auto show, revealing its new “ID.7” EV sedan would launch in China this fall. The Wolfsburg-based automaker also announced that it would roll out the ID.7…

Binance Launchpad Introduces Open Campus (EDU) Token Sale

According to the Binance Launchpad schedule for the Open Campus (EDU) token sale, there will be a total of 4 stages involved in the event. Binance Launchpad has introduced its latest Web 3.0 project billed for listing and it is dubbed the Open Campus (EDU) token. As announced by the platform, the Open Campus token sale is the 31st project where the launchpad will be floating and it is set to follow the recording of user balances as of April 23 at 00:00 UTC. Being the launchpad of the world’s…

Bank of Russia Has Stockpiled Reserve Comprised of Non-US Sanctioned Assets, Governor States – Economics Bitcoin News

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Elvira Nabiullina, governor of the Bank of Russia, has affirmed the bank has stockpiled reserves in assets that are not susceptible to being affected by U.S. sanctions. The official clarified that Russia has built a “safety cushion” in these assets while it continues working on creating new reserves in non-U.S. sanctioned assets. Russia Built Bank Reserves out of Non-Sanctioned Assets Russia has managed to create a so-called safety cushion for its economy, based on assets that are not susceptible to being blocked by U.S. sanctions, according to Elvira Nabiullina, governor…

Blockchain Can Reinvent Carbon Credits

Though blockchain is a groundbreaking and invaluable tool, it represents just one element within a complex, interconnected web of solutions. Tackling climate change necessitates a unified, concerted effort from governments, businesses and individuals, each harnessing the power of diverse innovations, robust information-sharing networks and sustainable infrastructure. Source

$190B Ontario pension says no to crypto after FTX investment loss

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The Onatario Teachers’ Pension Plan has decided to steer its investment away from cryptocurrencies.  The decision comes after the OTPP — which manages over $190 billion in assets  — lost the entirety of its $95 million investment in crypto exchange FTX after it went bust in November 2022. OTPP was one of the many backers of the now-bankrupt crypto exchange and had invested twice: Once during the bull market in 2021 and again during exchange’s Series C funding round in early 2022. OTPP chief executive Jo Taylor said in an interview…

A Revolutionary Play-to-Earn Game Powered by Cutting-Edge AI Technologies – Press release Bitcoin News

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press release PRESS RELEASE. The team behind Worker or Sheikh is excited to announce the launch of their groundbreaking Play-to-Earn game, designed to provide players with an immersive and sustainable gaming experience. With its unique economic model, easy-to-learn gameplay, and AI-driven optimization, Worker or Sheikh is set to redefine the Play-to-Earn landscape. Worker or Sheikh offers players two distinct roles within the game: Workers, who extract oil barrels from the wells, and Sheikhs, who act as investors and receive a passive income from the Workers’ efforts. This dual-role system promotes…

Gemini to Open Engineering Hub in India, Recruit Tech Talent

Gemini is the latest American crypto firm that is making a move offshore after a crackdown on the crypto space. United States-based cryptocurrency exchange Gemini has revealed its plans to tap into India’s pool of tech talent with the foundation of a new engineering hub in the country. In a statement by Gemini’s international chief technology officer, Pravjit Tiwana declared that the exchange is presently in the middle of launching an engineering center in Gurgaon, India. It also claimed that this would be the exchange’s second-largest engineering hub, besides the…