Category: ICO

PSNI facing a £750k fine following spreadsheet error that exposed the personal information of its entire workforce

Data breach brought tangible fear of threat to life “Perfect storm of risk and harm” highlights human impact of poor data security We use discretion to significantly reduce potential fine to ensure public money is not diverted from where most needed We have announced it intends to fine the Police Service of Northern Ireland (PSNI) £750,000 for failing to protect the personal information of its entire workforce. The proposed fine relates to an incident where personal information – including surname, initials, rank and role of all 9,483 serving PSNI officers…

U.S. House Approves Crypto FIT21 Bill With Wave of Democratic Support

“We need rules of the road,” said Rep. Josh Gottheimer (D-N.J.), one of the Democrats who bucked the opposition of the White House and the ranking Democrat on the House Financial Services Committee, Rep. Maxine Waters (D-Calif.). He called it “well-reasoned, thoughtful, bipartisan legislation” and argued before the vote that “it’s fit to become law if we work together.” Source

Artificial Intelligence (AI) Cryptos Fetch.AI (FET), Render (RNDR), Bittensor (TAO) Gain in Price Ahead of Nvidia (NVDA) Earnings

Nvidia shares were lower by 1.5% just ahead of the close of regular trading Wednesday, with the earnings results due after the bell.Patrick Moorhead, founder and CEO of Moor Insights & Strategy, said in an interview with Yahoo Finance earlier this week that “the company is going to clearly beat expectations.” The stock has climbed 90% this year and more than 200% year-over-year. Source

SEC’s Gensler Going Rogue in Solo Quest to Stop U.S. Crypto Legislation?

The SEC’s sister agency in policing the U.S. markets, the Commodity Futures and Trading Commission (CFTC), has taken a strong pro-legislation position, arguing that existing law leaves a hole in oversight of the crypto spot markets for non-securities, such as bitcoin (BTC). CFTC Chairman Rostin Behnam has told lawmakers that “Congress needs to act” on crypto legislation, and he’s said that if FIT21 passes, his agency can build a regulatory framework within 12 months. A CFTC spokesperson told CoinDesk on Tuesday that the agency would not comment on the bill.…

U.S. House Set to Vote for First Standalone Crypto Market Structure Bill

“The industry has superficially recovered this year, in part due to controversial approval of spot BTC ETPs by the Securities Exchange Commission,” the letter said. “Yet, the scams, hacks, theft, instability, reckless promotional activities, and regulatory evasion that were present during the last crypto bull market remain endemic in the industry today.” Source

EIGEN Riches Tempt Ethereum Devs, Even as ETF Approval Nears

MEV SNIPING! It’s not clear exactly what started it all, but top Ethereum developers locked horns on the social-media platform X, in an intense and almost uncomfortable-to-observe debate touching on the practice of maximal extractable value, or MEV – essentially, the use of sophisticated trading bots to frontrun user transactions at the point of execution. On May 16, Ethereum core developer Péter Szilágyi tweeted about his despair over the lack of progress in pushing to solve some of the blockchain’s most vexing issues. “Voila, the banking system recreated,” he wrote.…