A database with the personal information of over 5 million Salvadorans was recently leaked in a data breach forum. The database, which has been around since August and has recently been linked to Chivo, El Salvador’s national cryptocurrency wallet, has 144GB of data, including the full name, unique identity number, date of birth, address, and […] Source CryptoX Portal
“They’re all standard: ethereum, a little bitcoin, SushiSwap, Uniswap. I have a couple of different things like that,” she said. Johnson has spoken bullishly about the prospects of blockchain technology in disrupting the financial system but referred to bitcoin as a “distraction” from this. Source
When considering the design of a CBDC, people will also have to grapple with difficult questions on choice, inclusion and stability, Skingsley said. But “innovation usually takes us to new places and opens up possibilities that were not there until a new technological breakthrough has happened,” she added. Source
If there’s ever been an artist suited for the digital renaissance of putting art on the blockchain, it would be Matt Kane — a traditional artist who transitioned into digital art by writing his own software and pushing boundaries impossible in the physical art world. Kane is most known for his collection “Gazers,” which launched in December 2021 and is considered by many to be an OG among generative artists. He recently released his collection Anons, which is centered around understanding identity through art and immortalizing true anons from yesteryear.…
“People have the absolute right to expect that their sensitive personal information will be treated with the utmost privacy and in accordance with data protection laws. For some reason, this individual chose to flout those laws and spend time snooping at people’s sensitive personal information. “Not respecting people’s legal right to privacy can have serious consequences, as this case shows. It results in a criminal conviction, which may lead to loss of employment and severe damage to future career prospects, alongside the accompanying financial penalties. “Our successful prosecution of this…
New York University School of Law professors Max Raskin and Jack Millman recently published a paper in the Journal on Emerging Technologies discussing the legalities surrounding the use of blockchain-based smart contracts for the purpose of “personal growth bets.” According to the duo, personal growth bets are single-party contracts that people would engage in with themselves. The purpose of these contracts would generally be for the purpose of self-improvement — to either start or stop a certain act during a given period of time or by a certain date. The…
Decentralized finance (DeFi) gave birth to a wide range of financial services that aim to challenge what traditional finance (TradFi) offers. However, the user experience persists as a major issue hindering the widespread adoption of DeFi apps and solutions. For years, the DeFi ecosystem has been seeking an entry point that can onboard the next wave of users to decentralized apps. One potential solution is a financial technology (fintech) app that’s catered toward TradFi users and also offers easy-to-use DeFi functionality. This way, users can realize that self-custody, a practice…
The Information Commissioner’s Office (ICO) and Competition and Markets Authority (CMA) are calling for businesses to stop using harmful website designs that can trick consumers into giving up more of their personal data than they would like. Practices include overly complicated privacy controls, default settings that give less control over personal information and bundling privacy choices together in ways that push consumers to share more data than they would otherwise wish to do. Where consumers lack effective control over how their data is collected and used, this can harm consumers…
In a recent development, a judge of the Singapore High Court has declared that cryptocurrencies are personal properties. The court likened crypto to fiat money, and since fiat passes as personal property, crypto should pass as one, too, the court reasoned. Genesis Of The Case Judge Philip Jeyaretnam made this declaration in a case that had earlier been brought by crypto exchange Bybit against a former employee named Ho Kai Xin. Bybit alleged that Ho had transferred around $4.2 million USDT from the crypto platform’s account to her accounts. In…
Concern at banks sharing personal information with media ICO writes to banks around information held on customers ‘Farage’s experience shows why data protection rights are so important’ Following media reports of NatWest Bank sharing personal financial information about Nigel Farage with the BBC, Information Commissioner John Edwards said: “The banking duty of confidentiality is over a hundred years old, and it is clear that it would not permit the discussion of a customer’s personal information with the media. “We trust banks with our money and with our personal information. Any…