Tag: Data

X to Collect Users’ Biometric Data after Privacy Policy Update

While on the surface, this may seem like an attempt to provide value to users, it highlights the ongoing tension between personalized experiences and the ethical use of personal data. X, the social media networking giant, formerly known as Twitter, has revised its privacy policy to incorporate the collection and utilization of users’ biometric information. The New Biometric Data Policy With its roots as a microblogging site, X has evolved into a global communications platform that plays a significant role in shaping public discourse. Recognizing the growing importance of data…

Sensitive data leaked in Kroll cybersecurity breach — Report

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It appears that a data breach involving FTX bankruptcy claims agent Kroll has resulted in the leak of sensitive information, contrary to earlier reports.  In an alleged Kroll Q&A Summary published on Aug. 30, FTX users’ email addresses, mailing addresses, account numbers, unique bankruptcy identifiers, account balances, phone numbers, and other claim details were all reportedly breached in a cybersecurity incident that took place on Aug. 25. Previously, FTX wrote that Kroll “experienced a cybersecurity incident that compromised non-sensitive customer data of certain claimants in the pending bankruptcy case.”  Kroll…

Worldcoin 50% Crash Caused By Mounting Data Privacy Paranoia

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The Worldcoin cryptocurrency project, led by Sam Altman, the brains behind ChatGPT, is facing increased scrutiny from regulators worldwide. The project’s use of eye-ball scanning orbs for user enrollment has raised concerns about potential violations of data protection laws. The unique method of collecting biometric data without clear consent has prompted discussions on legality and ethics. Regulatory bodies are closely examining the project’s compliance with privacy regulations, highlighting the challenges of balancing innovation with legal and ethical standards. The value of biometric investments made through Worldcoin’s crypto-based “free money” promise…

Bitcoin could be worth less than $20K in 2023, US inflation data says

Bitcoin (BTC) is still worth $20,000 nearly six years after first reaching it — if adjusted for inflation. According to data from sources including U.S. Inflation Calculator, BTC price performance has de facto stayed static since 2017. BTC price “barely above” 2017 old all-time high While criss-crossing the $20,000 mark since tapping it as an all-time high in 2017, BTC/USD has gone as high as $69,000 in the meantime. Taking inflation into account, however, the story of BTC price action looks remarkably different. As of Aug. 25, 2023, $20,000 worth…

FTX, BlockFi Customer Details Compromised Due to Kroll Data Hack

Kroll, which did not immediately respond to a request for comment from CoinDesk, is a bankruptcy service provider for numerous companies, not just in the crypto sector. Kroll’s website also promotes a cybersecurity consultancy service, involving “elite cyber risk leaders uniquely positioned to deliver end-to-end cyber security services worldwide.” Source

FTX crypto exchange reports data breach involving claims agent Kroll

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Defunct crypto exchange FTX has announced a cybersecurity breach involving its bankruptcy case claims agent, Kroll, in which limited, non-sensitive customer data of specific claimants was exposed. FTX said it is actively overseeing the situation, assuring that account passwords, systems and funds remain unaffected. The struggling crypto exchange utilized the X platform on Aug. 25 to notify its customers, creditors and the public about a cybersecurity breach involving its claims agent Kroll. The breach has resulted in the exposure of non-sensitive customer data from specific claimants linked to the ongoing…

Bitcoin options data points to an interesting outcome after this week’s $1.9B expiry

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The upcoming $1.9 billion Bitcoin monthly options expiry on Aug. 25 is key to defining whether the $26,000 support level will hold. One could pin the recent cryptocurrency market sell-off on the United States Securities and Exchange Commission (SEC) delaying its decision on spot Bitcoin exchange-traded funds, but there’s also the macroeconomic perspective. If the Federal Reserve’s efforts to curb inflation work, it’s probable that the trend of a stronger U.S. dollar will persist. This was evident as the U.S. Dollar Index (DXY), a measure of the dollar against other currencies,…

China launches blockchain-powered data exchange

During the 2023 Hangzhou Summit held in Hangzhou, China, a new data exchange powered by blockchain technology was unveiled by government officials. Over 300 enterprises, including Alibaba Cloud and Huawei, participated in the exchange’s debut. According to local news reports on Aug. 23, the new Hangzhou Data Exchange will facilitate the trading of enterprise information technology data using distributed ledger technology. Officials say the platform would ensure exchange trades are immutable and traceable. Chen Chun, director of the National Laboratory of Blockchain and Data Security, commented:  “[The Hangzhou Data Exchange]…

Friend.tech denies data breach with API clarification

Friend.tech counters claims of a 100k user data breach, emphasizing data was accessed from their public API, not a security lapse. In a statement on X, Friend.tech clarified that the data was accessed through scraping their public API, not a security breach. The company likened the situation to someone claiming a hack after viewing a public Twitter feed. They emphasized that the accessed data was always publicly available via their API. This is just someone scraping our public API that shows the association between public wallet addresses and public Twitter…