Switzerland Proposes Cross-Country Crypto Data Sharing

Switzerland is moving forward with plans to automatically share crypto-related data with 74 partner countries, including the United Kingdom and all European Union member states. The Federal Council, the government of Switzerland, has adopted a bill to enable the automatic exchange of information (AEOI) on crypto with partner countries, according to an announcement on June 6. The proposal also suggests sharing the data with most G20 countries. The measure excludes the United States, Saudi Arabia and China, according to an X post by the Swiss Federal Government. Source: Swiss Federal…

Base creator admits sharing ‘Base is for pimping’ art was a mistake

The creator of Ethereum layer 2 blockchain Base, Jesse Pollak, has apologized following backlash over posting digital artwork that controversially played on Base’s tagline, “Base is for everyone.” Several social media users found the artwork offensive and inappropriate. “It was a single phrase among many, but I’ll own this was a mistake and apologize,” Pollak said in an April 18 X post referring to his decision to reshare a GIF image that featured the phrase “Base is for…” followed by a rotating sequence of words, including both controversial terms like…

Metaplanet shares added to Amplify Transformational Data Sharing ETF

Metaplanet has been added to the the Amplify Transformational Data Sharing ETF or BLOK, a global index that invests in leading blockchain companies including SBI Holding, MicroStrategy and Nvidia. On Nov. 28, the Japanese investment firm announced its inclusion into BLOK, joining a lineup of 53 companies that engage in the development and utilization of blockchain technology. The ETF features leading industry players including MicroStrategy, Robinhood, Nvidia, and SBI Holdings. According to the press release, Metaplanet’s estimated starting weight on the BLOK will be around 2.9%. As of Nov. 29,…

Video sharing platform Rumble to allocate up to $20m in Bitcoin for strategic growth

Public video-sharing platform Rumble said Monday it plans to allocate up to $20 million in Bitcoin for its crypto treasury. Rumble, a video-sharing and cloud services provider, said in a blog announcement on Nov. 25 that its board had approved a strategy to diversify its corporate treasury by allocating up to $20 million of excess cash reserves to Bitcoin (BTC). The Florida-headquartered public company says the move is meant to accelerate Rumble’s expansion into the crypto field. The company added that its allocation strategy “will include purchases, at the discretion of…

Telegram CEO Pavel Durov Clarifies Data Sharing Policy amid Growing Concerns Over Privacy

Key Notes Telegram only shares data when legally required, following strict verification protocols. Despite handling numerous data requests, Telegram maintains its commitment to privacy and freedom. Pavel Durov, founder and CEO of popular messaging app Telegram, has shed light on some of the topics he touched on in a recent announcement. Earlier, the CEO spoke about policies that allow the app to share the IPs and phone addresses of criminals with authorities. However, with the criticism that followed the previous announcement, Durov has now attempted to clear the air. He…

Social media and video sharing platforms put on notice over poor children’s privacy practices

We are calling on 11 social media and video sharing platforms to improve their children’s privacy practices. Where platforms do not comply with the law, they will face enforcement action. This follows our ongoing review of social media platforms (SMPs) and video sharing platforms (VSPs) as part of our Children’s Code Strategy. Our Tech Lab reviewed 34 SMPs and VSPs focusing on the process young people go through to sign-up for accounts. Varying levels of adherence to our Children’s code were found, with some platforms not doing enough to protect…

DePIN Is the Sharing Economy 2.0

The fragmentation and complexity of the ecosystem, with projects involving various aspects such as blockchain, hardware, and infrastructure, keeping track of all developments and opportunities can be complex. To profit from DePIN, it’s necessary to understand the use-case, the hardware, and the tokenomics of a project. This is the supply side. For the demand side to truly and sustainably take off, there’s a lot of translation that we, as an industry, need to do to integrate with the real-world economy. This work is essential to onboard the next millions to…

Optimism Stack Update: OP to Support Layer Three With Funding, Features, and Revenue Sharing

Ethereum scaling solution provider Optimism announced plans to enhance blockchain throughput by integrating Layer three applications on top of its OP Stack, aiming to foster a Superchain network where Layer threes can build and share revenue with the Optimism Collective. The OP Stack, an open standard codebase, extends its utility beyond Layer two deployers to […] Source CryptoX Portal

ICO reprimands Dover Harbour Board and Kent Police over information sharing

The Information Commissioner’s Office (ICO) has issued reprimands to Dover Harbour Board and Kent Police after they breached data protection law. Officers from both organisations used the social media app, WhatsApp, and instant-messaging service, Telegram, on their personal phones to share information for the purpose of combatting vehicle crime. At the time of the ICO’s investigation, the Telegram group included 241 officers from multiple UK police forces and international law enforcement agencies. The ICO found evidence that personal information was being shared in the group without appropriate safeguards in place.…