Tag: Data

Bitcoin nears $27K despite ‘hot’ PCE data sparking June rate hike bets

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BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Bitcoin shrugs off new U.S. inflation woes Data from Cointelegraph Markets Pro and TradingView showed BTC/USD nearing $27,000 on Bitstamp. The pair rose unexpectedly after the day’s Personal Consumption Expenditures (PCE) data showed its first rises since October 2022. Such a reading should present a headwind for risk assets, including crypto, as it implies that inflation remains persistent and that more financial tightening may be required to tame it. “This is a major setback to the Fed’s fight against inflation,” financial commentary…

John Edwards, Information Commissioner, delivers a keynote speech at the Data and the Future of Financial Services Summit

Hello, thanks for having me here today. This event is one that the Information Commissioner’s Office has spoken at for a few years now. I spoke here last year, six months into my post, which was a great opportunity for me to get across some of my early thinking on our regulatory position. This year, I’d like to focus on the ICO’s regulatory philosophy and how we’re both empowering businesses in the finance sector and protecting the millions of consumers that rely on these services. To start, thanks to City…

Bitcoin Miner Upstream Data Sues Crusoe Energy

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Crypto miners like these two work on oil and natural gas wells where excess gas is released, or flared into the atmosphere, adding carbon dioxide equivalents, particularly methane. The miners instead set up power generators that burn that excess gas, extracting energy and using it to power bitcoin mining rigs. Original

EU Slaps $1.3B Fine on Meta for Violating GDPR EU User Data Protection Laws

On Monday, the EU imposed a record $1.3 billion fine on social media giant Meta for transferring EU user data to the US.  Meta Platforms Inc (NASDAQ: META) recently incurred a record 1.2 billion euros ($1.3 billion) fine from the European Union (EU) for privacy violations. European privacy regulators alleged that the Facebook parent unlawfully transferred data from European users to the US. The Irish Data Protection Commission (DPC), which announced the penalty, also ordered Meta to cease the further transfer of EU user data to the US. However, Meta said it would…

Apple Bans Use of ChatGPT by Staff, Fearing Data Leaks

With increasing concern over data leaks, AI tool makers are working to assure concerned users that their data is safe. Apple has banned the use of the AI tool ChatGPT among its employees in a bid to prevent data breaches and leaks. This was reported by the Wall Street Journal, which cited an internal memo from the company. Apple and Other Companies Are Concerned about Data Safety The restriction makes Apple one of several businesses that are limiting the use of the software by some of its workers. The release…

Elon Musk’s Lawyer Sends Letter to Microsoft CEO due to Abusing Twitter’s Data Access

The letter did not mention a lawsuit, however, Musk threatened to seek legal redress if there is such a need when he first mentioned this violation back in April. There appears to be a subtle data war brewing between Twitter Inc and American tech giant Microsoft Corporation (NASDAQ: MSFT). This claim stems from the letter sent by Elon Musk’s personal lawyer Alex Spiro to Microsoft CEO Satya Nadella over the misuse of access to social media’s API. The Issue at Hand The news was first reported by the New York…

Apple bans ChatGPT use for employees over fear of data leaks

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The “Big Tech” giant Apple, has restricted company usage of the widely popular artificial intelligence (AI) chatbot ChatGPT as it fears its sensitive data could be compromised. A report by the Wall Street Journal revealed that an internal document to Apple employees has banned the usage of Microsoft-backed ChatGPT and similar AI tools while the company is in the process of developing its own AI technology. According to the document, the iPhone developer is concerned about workers using the programs and exposing confidential company information.  It also mentioned a restriction…

Bitcoin might be on the verge of bull run, data suggests

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin (BTC) is currently stuck in a bearish storm that started at the beginning of this month. Following four months of consistent gains this year, bitcoin began May on a bearish note. However, key historical data suggests the asset might be on the verge of a bull run in the long term. Philip Swift, the founder of BTC data resource LookIntoBitcoin, and behavior analytics platform Santiment, recently highlighted this looming bull run. Both entities cited historical…