Tag: Issues

“We are not seeing the improvement both we and the public need” – ICO issues enforcement notice to GMP over transparency failures

Enforcement notice issued to Greater Manchester Police over failure to clear Freedom of Information backlog Force could be found in contempt of court if it fails to comply The ICO has today issued an enforcement notice to Greater Manchester Police (GMP) for repeated failures to respond to Freedom of Information Act requests. GMP currently has a backlog of 850 overdue requests. Of these, more than 800 are over six months old and 580 are over a year old. The oldest open request was submitted almost two and a half years…

Adobe and Figma Set to Terminate $20B Acquisition Deal amid Regulatory Issues

Adobe’s $20 billion bid to buy its competitor Figma has been officially terminated. Last year, Adobe Inc (NASDAQ: ADBE) revealed its plans to pay $20 billion in cash and stock to acquire Figma, a popular cloud-based design platform. This would have not only increased Adobe’s market share but also its market power, which causes concerns among regulators.  Now, Adobe and Figma have announced that they will be scrapping the deal due to the regulators’ concerns and demands. Adobe Exiting the Deal with Figma Adobe is already a global leader in…

ChatGPT shows geographic biases on environmental justice issues: Report

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Virginia Tech, a university in the United States, has published a report outlining potential biases in the artificial intelligence (AI) tool ChatGPT, suggesting variations in its outputs on environmental justice issues across different counties. In a recent report, researchers from Virginia Tech have alleged that ChatGPT has limitations in delivering area-specific information regarding environmental justice issues.  However, the study identified a trend indicating that the information was more readily available to the larger, densely populated states. “In states with larger urban populations such as Delaware or California, fewer than 1 percent…

Ripple issues white paper on CBDCs, reiterates belief in their potential

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Ripple has doubled down on its public support for central bank digital currencies (CBDCs) in a new white paper. The 23-page document was released by the blockchain-based digital payments company on Dec. 14, and Ripple explains the basics of CBDCs, their attractiveness, risks and barriers to widespread adoption. The white paper claims CBDCs help expand financial inclusion, streamline cross-border payments, and reinforce monetary policy control. It also states: “CBDCs are needed to support the most significant positive impacts of asset tokenization, an increasingly targeted mechanism for transforming tangible assets into…

Why Are NFTs Bad? The Problem And Legal Issues

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Why Are NFTs Bad? This pressing question underscores today’s heated discussions around Non-Fungible Tokens (NFTs). Despite the buzz, many investors are left grappling with unsellable NFTs, questioning their value and security. This article cuts through the noise to examine the critical issues and legal challenges surrounding NFTs.We navigate the complex NFT laws, dissect the reasons behind the unsellable nature of some digital assets, and address the underlying problems fueling the skepticism. With focused insights, we aim to shed light on the darker aspects of NFTs to answer the question: are…

Societe Generale issues its first green bond on Ethereum

The third-largest bank in France, Societe Generale, reported issuing its first digital green bond as a Security Token on the Ethereum public blockchain. The bond, registered by Forge, a subsidiary of Société Générale, went public on Nov. 30.  The bond has a value of 10 million euros (around $11 million) and a maturity of three years. Its “green” status means that the net proceeds of this bond will be used to finance or refinance products and companies classified under the Eligible Green Activities (ESG) category. Related: Tether’s ‘new era for…

Societe Generale Issues First Digital Green Token on Ethereum Mainnet Network

Investors of the digital green bond now have the option of settling the transaction through on-chain EUR CoinVertible, a digital asset that was issued by SG-FORGE earlier this year. Leading multinational financial services provider based in Paris Societe Generale SA (EPA: GLE) has announced the launch of its first digital green bond that is issued on blockchain technology. According to the announcement, the security token has been directly registered by SG-FORGE on the Ethereum (ETH) network. To kickstart the private funding through the blockchain security bonds, Societe Generale announced that…

AI assesses climate issues, falls short of full solution

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Amid efforts by climate scientists and advocates to address environmental challenges, Google DeepMind Climate Action Lead Sims Witherspoon sees potential in artificial intelligence (AI), emphasizing the importance of framing the solution through thoughtful questioning. At the Wired Impact Conference in London, Google DeepMind Climate Action Lead Sims Witherspoon said she sees climate change as a scientific and technological challenge, expressing optimism in addressing it through artificial intelligence. Earlier this year, Google merged its Brain and DeepMind AI teams under a single banner called Google DeepMind. Witherspoon suggested a strategy dubbed the…

Coinbase (COIN) Stock Soars to 18-Month High as Investors Crypto Interest Grows despite Binance Legal Issues

COIN is presently trading at $119 after closing at $115 on November 27, which is the highest close since May 2022. The price now has minimal resistance ahead as it is moving toward $130, the May 2022 high. Major cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) has seen its stock price climb over 250% so far this year. This brings the company close to its valuation from before the massive crypto crash of 2022. Last year’s cryptocurrency decline started with the implosion of TerraUSD, a so-called “stablecoin” whose value was…