CEO Jeffrey Edell laid out a six-point plan for social media companies planning the transition to blockchain.
Privacy News
Privacy, as defined by privacy laws, encompasses the fundamental right to keep one’s personal information and activities confidential and secure. In the digital age, privacy laws are designed to protect individuals from unauthorized access, data breaches, and the misuse of their personal data by governments, organizations or individuals.
Contrary to popular belief, Bitcoin and many other cryptocurrencies are not entirely private. In fact, they operate on public blockchains, where transaction details, such as sender and receiver addresses and amounts, are publicly accessible. This transparency ensures the integrity of the transaction history and prevents double-spending, a critical aspect of cryptocurrency technology. Financial regulations often require transparency to ensure compliance with Anti-Money Laundering and Know Your Customer laws.
In the digital realm, privacy coins address the need for financial privacy. They empower users to conduct transactions without exposing their financial history to the public, offering a level of confidentiality akin to traditional cash transactions. This privacy is crucial for individuals living in regions with oppressive regimes, protecting them from potential persecution.
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Pavel Durov, founder of Telegram Messenger, believes that governments’ decreasing tolerance toward privacy will force innovations around secure communication hardware devices.
4478Privacy protocol Railgun, which security analysts have labeled a “prime alternative” to Tornado Cash, denied U.S.-sanctioned entities are using it.
13077The FISA 702 bill has been described by critics as a “dramatic and terrifying” expansion of the United States government’s surveillance powers.
36540Users with Monero balances on Kraken after the deadline will have their coins automatically converted into Bitcoin.
2485Sam Altman’s Worldcoin is taking measures to improve the protection of user data and ensure that its platform is available only to people over 18.
5246Dmail co-founder Daniel James explains why email needs to be decentralized.
3303In the latest episode of Cointelegraph’s Hashing It Out podcast, the co-founder of XYO Network, Arie Trouw, explains how blockchain technology can help fight fake information on the internet alongside a general change in attitude.
2100The regulator ordered that Worldcoin cease collecting data from users in the country for 90 days, citing a high risk to citizens’ data protection rights.
1375Worldcoin said it has now made components of the software behind its iris-scanning Orbs open-sourced, along with a new “personal custody” privacy feature for user data.
10700Multiparty computation technology can solve data security and privacy issues by processing encrypted data.
17796A third-party project audit reportedly claimed that Orb devices do not record users’ iris codes onto persistent memory and only transmit codes through end-to-end encrypted messaging.
22297For 48% of respondents in Aleo’s 2024 Data privacy report, data privacy and security are considered the most concerning issues within the tech industry.
6707Multicoin Capital and Protocol Labs led a $73 million raise for a new cryptography startup which aims to make the “entire internet encrypted end-to-end.”
3526Today’s internet infrastructure faces challenges of access, affordability and censorship. DePINs propose a solution through a decentralized network.
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