Prosecutors Demand 50 Years for Bankman-Fried, Citing FTX Founder’s Repeated Gambles ‘With Other People’s Money’

In a statement from U.S. Attorney Damian Williams and his team, the fallen FTX founder, Sam Bankman-Fried (SBF), faces a recommendation for up to half a century behind bars for his offenses. The prosecutors argue that SBF has a penchant for high-stake risk and “gambling repeatedly with other people’s money.” SBF’s Path From Finance Tycoon […] Source CryptoX Portal

Stop shoving crypto ‘down people’s throats’ — Pudgy Penguins CEO on NFTs

The CEO of Pudgy Penguins — a nonfungible token project that recently launched a line of “phygitals” on Amazon despite the bear market — has offered one piece of sage advice to budding projects: Stop talking about crypto. Speaking with Cointelegraph, 24-year-old entrepreneur Luca Netz said that many NFT projects overwhelm people with Web3 jargon and information, making it almost unapproachable for newcomers: “If you look at the other NFTs in the space, can everyone really get it? […] I think they’re trying to drown crypto and Web3 down people’s…

ICO reprimands Surrey Police and Sussex Police for recording more than 200,000 phone calls without people’s knowledge

The Information Commissioner’s Office (ICO) has issued a reprimand to both Surrey Police and Sussex Police, following the rollout of an app that recorded phone conversations and unlawfully captured personal data. In June 2020, the ICO became aware that staff members across both police forces had access to an app that recorded all incoming and outgoing phone calls. 1,015 staff members downloaded the app onto their work mobile phones and more than 200,000 recordings of phone conversations, likely with victims, witnesses, and perpetrators of suspected crimes, were automatically saved. The…

Blog: Balancing people’s privacy rights with the need to prevent crime

31 March 2023 Stephen Bonner is the ICO’s Deputy Commissioner for Regulatory Supervision. He leads programmes of work to develop strategic ICO positions on technology issues such as data, supervision of the large technology platforms and online harms. From unlocking our mobile phones to online banking verification, facial recognition technology has become an accepted part of our everyday lives. But how do we feel about live facial recognition technology, enabling CCTV cameras in public places to identify us while we’re out and about? Is it really necessary to have our faces…

Robert Kiyosaki Says He Likes Bitcoin — Calls BTC ‘People’s Money’ – Featured Bitcoin News

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he likes bitcoin, calling the cryptocurrency “people’s money.” While admitting that he does not know much about bitcoin, he said: “I’m just glad I bought it at six.” Robert Kiyosaki Says Bitcoin Is ‘People’s Money’ The author of Rich Dad Poor Dad, Robert Kiyosaki, talked about bitcoin while discussing “Why cash is trash in 2023” during his Rich Dad Radio Show podcast published on Wednesday. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki…

International transfers: empowering innovation and growth whilst protecting people’s personal information

A blog by Emma Bate 17 November 2022 It’s important that businesses and organisations know how to protect people’s personal information when making international transfers, which are central to the increasingly global nature of businesses. Our work in this area aims to provide certainty, for all involved, that the right level of protection is in place. This blog and associated products is aimed at all businesses and organisations which transfer data internationally, and civil society. What we have published Earlier this year we published the International Data Transfer Agreement (IDTA)…

GameStop ‘Falling Man’ NFT saga shows people’s power at its finest

A recent nonfungible token (NFT) listing on GameStop’s marketplace became the center of controversy in the NFT world. The listing received heavy backlash from the community, which prompted the marketplace to take action within a day, showing how a community can come together to reverse the wrong. The NFT in question, titled “Falling Man,” showed a man in a space suit falling downwards. The NFT in question had quite a resemblance to the infamous 9/11 photo of a man falling to his death that has since s become a defining…