Tag: Data

Google updates its privacy policy to allow data scraping for AI training

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Google has made updates to its privacy policy which now allows it to take any publicly available data and use it for artificial intelligence (AI) training purposes. The update to the company’s privacy policy came on July 1 and can be compared to previous versions of the policy via a link published on the site’s update page. In the latest version, changes can be seen that include the addition of Google’s AI models, Bard and Cloud AI capabilities to the services it may train by using “information that’s publicly available…

NFT thefts decreased in June, data shows 

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied PeckShieldAlert data shows that approximately $2.27 million worth of non-fungible tokens (NFTs) were stolen by bad actors in June, representing a 23% decrease compared to May. Blur, the world’s number-one NFT marketplace, was the preferred dumping ground for 86% of the stolen digital collectibles, followed by OpenSea with 13.76%. #PeckShieldAlert In June 2023, ~$2.27M worth of #NFTs were stolen, marking a 23% decrease compared to the previous month. Within a span of 160 minutes, half of…

EU finalizes Data Act with a kill switch for smart contracts: Law Decoded, June 27–July 3

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European Union lawmakers have agreed to move ahead with the controversial European Data Act, which has previously drawn criticism from the crypto community. European Union (EU) lawmakers have agreed to move ahead with the controversial European Data Act, which has previously drawn criticism from the crypto community. The act, aimed at encouraging greater use of data resources to train algorithms, would update the EU’s rules on smart contracts to include a kill switch option that would allow them to be safely terminated. Obviously, this contradicts the fundamental idea of trust…

Crypto Twitter has a persistent ‘fake followers’ problem, data reveals

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Despite changes introduced by Twitter management since Elon Musk’s takeover, the issue around fake followers remains a persistent problem. As many as 10% of the followers of accounts belonging to crypto influencers and companies are fake, new data from dappGambl has revealed. In April 2023, Musk introduced Twitter Blue — an $8 monthly subscription for verification — to increase the platform’s revenue while making it financially inviable for bots and fake accounts to operate. However, months later, dappGambl’s investigation found that up to 10% of followers from the most followed crypto…

Merely 2.6% of Portugals own crypto assets, data shows

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The number of Portuguese people investing in cryptocurrencies like bitcoin and ethereum has been gradually increasing, reaching around 268,000 individuals recently, according to Triple-A, a digital currency payment facilitator. However, compared to the global population, the interest of the Portuguese public in crypto investments is only half as strong. Crypto assets have gained much attention worldwide, with over 420 million crypto investors. Triple-A’s data shows that more Portuguese people would benefit from cryptocurrency investments if they…

Kraken receives court order to turn over customer data to IRS

Crypto exchange Kraken has been asked by the Internal Revenue Service (IRS) through a federal court order to provide account and transactional information. According to the June 30 court filing, the IRS needs the information on Kraken accounts that traded at least $20,000 of a cryptocurrency over a year, which applies to active users between 2016 and 2020.  Initially, the IRS had filed a petition on Kraken in the Northern District of California in February. This petition case, shortly after the exchange had settled charges the U.S. Securities and Exchange…

Kraken ordered by court to disclose user data to IRS for tax compliance

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A federal court ordered crypto exchange Kraken to turn over account and transaction information to the Internal Revenue Service (IRS), which said it needed that information to see if any of the exchange’s users had underreported their taxes. As per the order issued on Friday, June 30, Kraken is required to provide details of users who engaged in transactions exceeding $20,000 within a calendar year, including their names (real or pseudonyms), birthdates, taxpayer identification numbers, addresses, phone numbers, email addresses and various other documents. In February, the IRS submitted a…

Universities use blockchain-based storage to protect and democratize data

Academic institutions house some of the world’s most important data generated from years of research. Yet centralized data storage models are becoming a concern for many universities looking to keep critical information safe and accessible.  Danny O’Brien, a senior fellow at the Filecoin Foundation and Filecoin Foundation for the Decentralized Web (FFDW) — an independent organization that facilitates governance of the Filecoin network and funds development projects — told Cointelegraph that data stored by academic institutions is at risk of vanishing due to centralized storage models. To put this in…

BTC Steady Near $31K After Options Expiry, USD Index Rises Ahead of Key U.S. Inflation Data

The expiry was pivotal, considering market makers in BTC options were “long gamma” and could have added to spot price moves with their hedging activities. The largest cryptocurrency by market value, however, traded listlessly between $30,000 and $31,000 in days leading up to the settlement and remained locked in the narrow range afterward, recording just a 1% gain on the day to $30,700 as of 10:40 UTC, CoinDesk data show. Source

OpenAI Faces Class Action Lawsuit for Unauthorized Data Harvesting

The class-action lawsuit against OpenAI adds to the increasing number of legal challenges faced by companies involved in developing and profiting from AI technologies. OpenAI, the prominent technology company pioneering unique innovations in Artificial Intelligence (AI) has been hit with a lawsuit filed by sixteen pseudonymous individuals. The plaintiffs claim that the company’s AI products, specifically those based on ChatGPT, collected their personal information without proper notice. The complaint, filed in a Federal Court in San Francisco, alleges that OpenAI bypassed legal means of data acquisition and instead gathered personal…