Category: ICO

ICO to investigate 23andMe data breach with Canadian counterpart

The Information Commissioner’s Office (ICO) and the Office of the Privacy Commissioner of Canada (OPC) have launched a joint investigation into the data breach that happened in October 2023 at the global direct-to-consumer genetic testing company 23andMe.  UK Information Commissioner John Edwards and Privacy Commissioner of Canada Philippe Dufresne will investigate the 23andMe breach jointly, leveraging the combined resources and expertise of their two offices.  23andMe is a custodian of highly sensitive personal information, including genetic information which does not change over time. It can reveal information about an individual…

Fidelity International Tokenizes Money Market Fund on JPMorgan’s Blockchain

“Tokenizing our money market fund shares to use as collateral is an important and natural first step in scaling our adoption of this technology,” Stephen Whyman, Fidelity International’s head of debt capital markets, said in an email interview. “The benefits to our clients and the wider financial system are clear; in particular, the improved efficiency in delivering margin requirements and reduction in transaction costs and operational risk.” Source

Bitcoin (BTC) Price Little Changed After Liquidation Rout

Bitcoin was little changed over the weekend following a $400 million liquidation rout on Friday. BTC fell to under $69,000 from over $71,000 after U.S. non-farm payrolls data came in stronger than expected, which saw open interest and trading volume slump. Since Friday, the number of unsettled futures contracts across various tokens slid to $60 billion from $99 billion, suggesting traders significantly pared bets. However, analysts at Presto Research told CoinDesk that they expect market volatility to return in the week ahead with macroeconomic catalysts such as the CPI release…

The Crypto Open Patent Alliance Seeks 85% Of Costs Paid in Craig Wright Case and for Wright to Be Prevented From Taking Others to Court

“What if Dr. Wright sent an email to a medical professional asserting he was Satoshi – that’s a publication of a statement,” Craig Orr, Wright’s lawyer said, adding that the suggestion that Wright take down all his posts was “parasitic.” His defense also asked that the amount Wright pays be brought down to 70% of the costs COPA incurred. Source

New York AG Pushes Back Against DCG, Silbert’s Motion to Dismiss Fraud Case

DCG and Silbert have denied that the promissory note was a sham. In their motions to dismiss, lawyers for DCG and Silbert claimed that the note was fully vetted and binding, adding that, in addition to the note, DCG transferred hundreds of millions of dollars and assets into Genesis to fill the hole in its balance sheet. The tweets reassuring investors of Genesis’ “strong” balance sheet, they argued, were simply “corporate puffery” – not lies. Source