Tag: Data

ICO fines TikTok £12.7 million for misusing children’s data

More than one million UK children under 13 estimated by the ICO to be on TikTok in 2020, contrary to its terms of service. Personal data belonging to children under 13 was used without parental consent. TikTok “did not do enough” to check who was using their platform and take sufficient action to remove the underage children that were. The Information Commissioner’s Office (ICO) has issued a £12,700,000 fine to TikTok Information Technologies UK Limited and TikTok Inc (TikTok) for a number of breaches of data protection law, including failing…

Bloomberg reveals AI for financial data, community responds

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Financial media outlet Bloomberg revealed a new artificial intelligence (AI) model with the aim of opening new ways to use the data available within the company’s terminal. Many responded to the new development, with some saying that this sparks “the next wave” of corporate AI.  On March 30, Bloomberg released a research paper that provides detailed information about the development of what it calls BloombergGPT. According to the media outlet, the AI has been created to perform various natural language processing (NLP) tasks after training with a large set of…

BMLL Adds 3 Asian Exchanges to Expand Data Coverage

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BMLL, an independent provider of historical Level 3 data and analytics for global equity and futures markets, has expanded its coverage by adding Asian markets. It added Level 3 data from CBOE Japan, Japannext, and Singapore Exchange. Announced on Monday, the recent expansion complemented the already available equities and ETF data for Tokyo Stock Exchange within the BMLL product suite. Paul Humphrey, the CEO of BMLL, stated: “The demand for high-quality historic market data has grown exponentially as participants need to understand market or venue behaviour across the US, EMEA,…

Bitcoin BTC Price Holds Above $28 as Investors Await Fresh Productivity, Jobs Data

This week, Investors will have a fresh set of employment and productivity data to gauge whether the U.S. economy is continuing to contract as recent signs have suggested or powering forward. The U.S. Census Bureau will release February durable goods orders on Tuesday, with expectations for a 1% month-over-month decline, and on Friday the U.S. Labor Department will announce March’s nonfarm payrolls, with expectations for a 225,000-job spike, and the monthly unemployment rate, which is expected to remain at its current 3.6%. A hot jobs market has figured prominently in…

Italy Data Regulator Imposes Ban on ChatGPT for Allegedly Breaching Data Privacy

In a press release, the GDDP said it is investigating ChatGPT following a ban on the wildly popular OpenAI chatbot. Italy has become the first Western nation to officially ban the artificial intelligence chatbot ChatGPT over privacy concerns. The European country seeks to launch an investigation regarding suspected breaches of its data privacy rules. This investigation would also ascertain whether the OpenAI chatbot complied with General Data Protection Regulation. On Friday, the Italian data-protection authority called for the suspension of ChatGPT following a March 20th platform breach. According to the…

Bitcoin price hits $28.5K on PCE data as macro ‘accumulation zone’ ends

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Bitcoin (BTC) recovered recent losses at the March 31 Wall Street open as traders looked for a strong monthly close. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView PCE delights risk assets as with BTC price up $1,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD heading to $28,556 on Bitstamp after the opening bell, up $1,000 from the day’s lows. The fresh gains followed encouraging macroeconomic data from the United States, with the February Personal Consumption Expenditures (PCE) index modestly beating expectations in some areas. “We are making progress in…

Government requests for user data from Big Tech increased by 25%: Report

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How Big Tech companies treat user data has been controversial for some time. Meta, Apple, Google and Microsoft are often accused of collecting and selling the personal data of their users. Though, where exactly this data goes, and how much of it is given over to companies and governments, is unclear. However, a new study from Surfshark reveals requests for personal user data from global governments are on the rise. The study focused on the period from 2013 to 2021, with 2020 seeing the largest year-over-year increase of 38%, followed by a…

ICO statement on the High Court ruling about the immigration exemption in the Data Protection Act 2018

The High Court has ruled that the immigration exemption in the Data Protection Act 2018, as currently drafted, is still unlawful and must be made clearer. The ruling comes following a case brought by the3million and the Open Rights Group. The Information Commissioner was an interested party in the claim. We raised concerns that previous actions from the government, including guidance around the exemption, did not provide enough clarity. “Clarity in what the law requires is crucial for it to function well. The changes this judgment requires will bring greater…

Web3 creators at higher a loss for royalties than anticipated: data

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The nonfungible token (NFT) space has been a proven gateway for helping users take their first steps into the Web3 space. This is particularly true when it comes to artists and creators using Web3 tools to enhance their work.  However, new data from eBit Labs and LiveArt marketplace reveals that the loss of creator royalties over the past year in the NFT space could be higher than estimated. According to the data, after the emergence of the Blur marketplace in October 2022, two of the leading NFT collections – Bored Ape…