Category: privacy
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Settled, But Not Really: The Privacy Gap in Bitcoin’s ‘Final’ Transactions
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Bitcoin technology is impressive because of the number of fundamental problems it solves with money. Among the touted advantages of Bitcoin is that it provides Final settlement From transactions. Finality means that once a transaction has been mined and enough subsequent transactions have been mined as well, it would take…
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Settled, But Not Really: The Privacy Gap in Bitcoin’s ‘Final’ Transactions
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Bitcoin technology is impressive because of the number of fundamental problems it solves with money. Among the touted advantages of Bitcoin is that it provides Final settlement From transactions. Finality means that once a transaction has been mined and enough subsequent transactions have been mined as well, it would take…
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Vitalik Buterin’s $1M ETH Transfer Ignites Privacy Debate
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Ethereum founder Vitalik Buterin made headlines on Monday after his latest on-chain move. Buterin’s transfer of $1 million worth of Ethereum to the Railgun privacy protocol has caught the attention of the community and reignited the debate over the use of privacy tools. Vitalik Moves 400 Ethereum to Privacy Protocol…
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Oracle reaches $115 million consumer privacy settlement By Reuters
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By Jonathan Stempel (Reuters) – Oracle Corp has agreed to pay $115 million to settle a lawsuit accusing the database and cloud computing software company of invading people’s privacy by collecting their personal information and selling it to third parties. A preliminary settlement of the proposed class action lawsuit was…
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More Samourai Devices Seized: Bitcoin Privacy Activist Appears In Court Ahead of Bail Release
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Today marked the first public hearing of the court at the US Department of Justice. Case Against Samurai Wallet Developers William Lonergan Hill and Keyon Rodriguez since May 28, 2024, when Rodriguez appeared in court for the first hearing in the case. I attended the hearing of William Lonergan Hill…
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More Samourai Devices Seized: Bitcoin Privacy Activist Appears In Court Ahead of Bail Release
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Today marked the first public hearing of the court at the US Department of Justice. Case Against Samurai Wallet Developers William Lonergan Hill and Keyon Rodriguez since May 28, 2024, when Rodriguez appeared in court for the first hearing in the case. I attended the hearing of William Lonergan Hill…
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Is over-focusing on privacy hampering the push to take full advantage of AI?
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Customer data should be protected by a firewall, and if properly protected, can still be used to perform valuable analytics In 2006, British mathematician Clive Hamby declared that data is the new oil and could therefore fuel a new data-driven industrial revolution. Since he and his wife helped Tesco receives…
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Bitcoin Privacy On Trial: Samourai Developers’ First Court Hearing Recap
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Today, in the Southern District of New York, the first hearing was held at the US Department of Justice. Case against the developers of Samourai Wallet Keon Rodriguez and William Lonergan Hill. I attended the first session of #Samurai Wallet status earlier today on behalf of @Bitcoin Magazine He spoke…
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Worldcoin’s Biometric Data Collection Violates Privacy Laws: Hong Kong’s Regulator
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The controversial Worldcoin project has faced another setback. Hong Kong’s privacy regulator, the Office of the Privacy Commissioner for Personal Data (PCPD), has ordered Worldcoin to cease all operations in the territory, citing that its practices violate local privacy regulations. The PCPD issued a statement this week revealing that Worldcoin…
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Worldcoin Project Halted In Hong Kong By Privacy Commission
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The Office of the Privacy Commissioner for Personal Data (PCPD) in Hong Kong has served an enforcement notice to Worldcoin, a cryptocurrency project co-founded by OpenAI CEO Sam Altman, asking them to cease operations. The decision concludes the investigation that PCPD began in January 2024. Hong Kong suspends Worldcoin activities…
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Hong Kong’s privacy watchdog accuses Worldcoin of violating data laws
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Hong Kong’s privacy regulator found Worldcoin to be in violation of local privacy laws, and asked the Worldcoin Foundation to cease all operations in the region. Worldcoin, an iris biometric cryptocurrency startup co-founded by OpenAI CEO Sam Altman, has found itself embroiled in a controversy over data collection practices in…
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Hong Kong’s privacy watchdog accuses Worldcoin of violating data laws
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Hong Kong’s privacy regulator found Worldcoin to be in violation of local privacy laws, and asked the Worldcoin Foundation to cease all operations in the region. Worldcoin, an iris biometric cryptocurrency startup co-founded by OpenAI CEO Sam Altman, has found itself embroiled in a controversy over data collection practices in…
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Developing Financial Privacy Tools Was Today Criminalized by the Dutch Court
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In the Netherlands, open source software developers are now responsible for how their software is used. Today a Dutch court convicted Alexei Burtsev, a 31-year-old Russian citizen living in the Netherlands and one of the developers of the Ethereum-based privacy tool Tornado Cash, of money laundering: he was sentenced to…