European Union finalizes Data Act despite protests

The EU blockchain community has raised concerns that the Act's provisions on smart contracts could kill the industry. A recent open letter signed by these organizations stated that the Act coulThe post European Union finalizes Data Act despite protests appeared first on AMBCrypto.

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EU finalizes controversial smart contract kill switch rules under Data Act

The Data Act was first proposed in early 2022 and passed by the European Parliament on March 14.

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EU’s Controversial Smart Contract Kill-Switch Rules Finalized by Negotiators

Lawmakers and governments have reached a deal on the Data Act despite protests from the blockchain industry.

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EU Commission Brushes Off 'Data Act' Fears by Crypto Industry

New rules could kill off permissionless smart contracts, the industry worries.

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Bitcoin Shows Recovery: Did This Historical Line Act As Support Again?

Bitcoin on-chain data suggests a historical support line may have helped the coin once again as the asset has recovered toward $28,000 today. Bitcoin Short-Term Holder Cost Basis May Still Be Active As Support According to data from the on-chain analytics firm Glassnode, the BTC price approached the cost basis of the short-term holders recently.

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European Lawmakers to Review Smart Contract Laws that Threaten to Kill DeFi

Coinspeaker European Lawmakers to Review Smart Contract Laws that Threaten to Kill DeFi Three top European regulators will get together to discuss the implications of the Data Act and provide more clarity with the goal of not stifling DeFi innovation.

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Coinbase Sued by California for Mishandling Biometric Data

Coinbase has been sued by the state of California in violation of Illinois Biometric Information Privacy Act (BIPA). The popular crypto exchange is accused of unlawful collections, obtainments, use, storage,...

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Arkansas embraces bitcoin mining regulation

Arkansas has recently passed the Arkansas Data Centers Act of 2023, a bill to regulate bitcoin (BTC) mining within the state.  The legislation, now awaiting the governor’s approval, aims to create guidelines for miners, protect them from discriminatory regulations and…

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Polygon, Ledger urge EU to amend smart contract rules forcing inadvertent centralization

Polygon Labs and Ledger are urging EU lawmakers to amend certain clauses in the Data Act related to rules for smart contracts. The companies wrote in a joint open letter that the current version of Article 30 of the Data Act will “inhibit innovation and economic growth” in the European crypto industry as it does […] The post Polygon, Ledger urge EU to amend smart contract rules forcing inadvertent centralization appeared first on CryptoSlate.

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Polygon calls on EU lawmakers to address smart contracts in Data Act

The project claims that the bill, as currently written, could “substantially inhibit innovation and economic growth” in the EU.

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Polygon Labs Publishes Open Letter Addressing EU Authorities, Proposes Better DeFi Regulation

Rebecca Rettig, chief policy officer at Polygon Labs, shares open letter to EU authorities, in which major amendments to Data Act are proposed

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EU Smart Contract Regulations Included in Council’s Data Act Draft

Some worry the text, a version of which was already agreed on by the European Parliament, will prove impossible to meet for most smart contracts.

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Quant Explains How Bitcoin ‘ESR’ Can Act As Leading Indicator For Price

A quant has explained using on-chain data how the Bitcoin Exchange Stablecoins Ratio (ESR) may act as a leading indicator for the price. Bitcoin ESR Has Shown Divergence From The Price Recently As explained by an analyst in a CryptoQuant post, the ESR is acting as a leading metric for BTC and other coins in correlation with the cryptocurrency.

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Will the “Kill Switch” in the EU’s Data Act Kill Smart Contracts?

What threat does the EU's new smart contract 'kill switch' pose to the industry and the immutability of smart contracts? The post Will the “Kill Switch” in the EU’s Data Act Kill Smart Contracts? appeared first on BeInCrypto.

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‘No emotion’ — Bitcoin metric gives $35K as next BTC price macro low

Bitcoin market participants should not act on emotion, one trader advises as long-term data continues to fit with previous bear markets.

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Bitcoin aSOPR Profit-Loss Junction Continues To Act As Resistance

On-chain data shows the Bitcoin aSOPR profit-loss junction has continued to act as resistance to the price of the crypto. Bitcoin aSOPR Bounces Back Down From The Breakeven Line As pointed out by an analyst in a CryptoQuant post, the aSOPR value equal to ‘1’ line has been acting as resistance for around 185 days now.

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Why Crypto Should Support the American Data Privacy and Protection Act

A code-first approach to consumer privacy could be bolstered by legislative initiatives.

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USDC Exchange Reserve Spikes – Can This Help Push Bitcoin Back Up?

On-chain data shows the USDC exchange reserves sharply rose recently, something that could help push Bitcoin back up after the latest drop. USDC Exchange Reserve Observes Sharp Rise In Recent Days As pointed out by an analyst in a CryptoQuant post, the large amount of USD Coin that flowed into exchanges recently could be deployed to act as fuel for Bitcoin.

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Op-ed: How leveraging blockchain data can be a revolutionary act

The legitimacy of cryptocurrencies is under constant threat from bad actors.

The post Op-ed: How leveraging blockchain data can be a revolutionary act appeared first on CryptoSlate.

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Will The Bitcoin Short-Term Holder Breakeven Point Act As Resistance Again?

On-chain data shows the Bitcoin short-term holder SOPR is approaching the “breakeven” value, a point that has acted as resistance for the crypto’s price in the past. Bitcoin Short-Term Holder SOPR Surges Up And Approaches A Value Of “1” As pointed out by an analyst in a CryptoQuant post, the selling pressure from the short-term holders may see an increase if their SOPR keeps rising up.

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dxFeed to Act as Index Calculation Agent for MUSIQ;the World’s First Benchmarked Financial Index for Song Streaming

dxFeed, a leading data solutions and index management provider for the global financial industry, both traditional and crypto, has announced becoming the index calculation agent for Clouty. This organization is...

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USDC Inflow Spikes Up, Will It Act As Dry Powder For New Bitcoin Rally?

On-chain data shows the USDC exchange inflow has spiked up. Historically, stablecoins have provided dry powder for kicking off new Bitcoin rallies. USDC Exchange Inflow Sharply Rose To High Values Recently As explained by an analyst in a CryptoQuant post, almost one billion USDC has flowed into exchanges recently.

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US Senator Warren introduces bill to study crypto’s role in ransomware

The Ransom Disclosure Act aims to help the Department of Homeland Security gather critical data on ransom payments in cryptocurrency and fiat.

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South African Crypto Exchanges Confirm Receiving Request for Client Data From Tax Collection Body

Three leading cryptocurrency exchanges from South Africa recently confirmed receiving a request for client data from the country’s revenue collector. In a joint statement, the exchanges, (namely Altcointrader, Luno, and Valr) said this request, which targets a “selection of customers”, has been made “in terms of section 46 of the (South African) Tax Administration Act.” […]

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Congress Wants to Add Backdoors to All Your Data in Latest Anti-Privacy Bill

U.S. lawmakers have introduced the Lawful Access to Encrypted Data Act (LAED), a bill that could give the government near-total access to user data. Nevertheless, cryptocurrencies like Bitcoin, Monero, and...

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US Senators Introduce ‘Lawful Access to Encrypted Data Act’ — With Backdoor Mandate

US lawmakers have introduced the Lawful Access to Encrypted Data Act to ensure law enforcement can access encrypted information. This bill is “a full-frontal nuclear assault on encryption in the United States,” one expert says.

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Latest data shows hundreds of victims blackmailed for Bitcoin in the U.K.

Throughout 2018 and 2019, the U. K. police forces received a total of 562 reports of blackmail for Bitcoin, research from Parliament Street think tank has shown. The information, obtained via the Freedom of Information Act (FOI), showed that blackmail was the most common attack using Bitcoin.

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Brave Files GDPR Complaint To Enforce Privacy Laws Against Google’s Data Monopoly

Privacy eccentric browser, Brave, filed a formal GDPR complaint to European authorities on Google’s violation of the Act and its own privacy policies. Ireland, the headquarters of the European data privacy regulators, U.

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Falling Bitcoin Dominance May Lead Spectacular Altcoin Returns

Drops in Bitcoin dominance coinciding with drops in its price may act as a strong leading indicator for short-term altcoin gains. A look at the data shows promising results. A peculiar event happened last week — as BTC’s price decreased, so did its dominance.

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Bearish Bitcoin and Gold Price Correlation Noted by Analyst

In times of recession and/or financial instability, both Bitcoin and gold have been described as safe-haven investments that act as a hedge against the traditional financial markets. However, while the demand for gold has historically increased during unstable times, Bitcoin has only existed in newer generations — thus, there is insufficient data to make the […] The post Bearish Bitcoin and Gold Price Correlation Noted by Analyst appeared first on BeInCrypto.

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You can’t use Western digital marketing tactics for emerging markets — so adapt

For digital marketers targeting urban audiences within emerging markets — such as India, Indonesia, and Pakistan — it’s imperative that your marketing strategy employs a dynamic approach in identifying and assigning potential customers on either side of two broad market segments: the haves and have-nots.

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This is how CIOs should approach ethics and privacy

When a company makes headlines for mismanaging user data, much of the discussion will revolve around legal implications: whether or not the company’s privacy policy and terms of service cover the data usage in question.

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Here’s how data driven startups are helping to make cities greener

The world is in a state of climate emergency. The importance of tackling climate change has arguably never been higher. Governments around the world are coming under increasing pressure to act and deliver initiatives to make our cities greener, cleaner, and all-round better places to live.

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Facebook and WhatsApp will share ‘electronic communications’ with UK police under new treaty

Update at 6:30 PM IST: The treaty between the US and the UK to disclose information of individuals suspected of serious criminal acts will not require social media platforms to install backdoors or break end-to-end encryption, a further analysis of the CLOUD Act reveals.

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YouTube settles with FTC over child privacy violations

Within days of launching its YouTube Kids site and adding more age categories to the Kids app, YouTube is settling with the Federal Trade Commission over child privacy violations. According to a report from Politico, YouTube agreed to pay $150-200 million to the Justice Department to settle the FTC investigation.

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Ethereum Price Weekly Forecast: ETH Could Rise While BTC Struggles

ETH price failed to climb above the $240 resistance and declined against the US Dollar. The price declined below the key $220 support level, which may now act as a resistance. There is a major bearish trend line forming with resistance near $214 on the 4-hours chart of ETH/USD (data feed via Kraken).

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Facebook might be fined billions after losing facial recognition lawsuit

Facebook — inarguably the world’s largest facial database — has a lost a federal appeal in a class-action lawsuit that claimed it illegally collected and stored biometric data of millions of users without their consent.

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87% of all cryptocurrency transactions are faked, notes The TIE CEO Joshua Frank

CoinMarketCap, the biggest crypto data aggregator most people in the cryptospace refer to, had been accused by The TIE of allowing exchanges to report fake trading volumes. However, the data site has tried to clean up its act since, noted Joshua Frank, CEO of The TIE, in an interview with Dawid Paluch.

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Hike your data security to 100% with Authpaper Delivery

Physical mailing, old age isn’t it? Well, we’ve not come so from the time when the physical mailing was the only plausible option for big sized confidential data. Subsequent data forgery is nothing but an extension by technology to technology.

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HTC to Launch EXODUS 1s, Smartphone With Full Node Capacity

Electronics company HTC has announced that it is launching a smartphone to bring crypto and blockchain technology to a wider audience in Q3 2019. According to a press release shared with Bitcoin Magazine, “The EXODUS 1s will be the first smartphone ever to have full node capabilities” containing the full Bitcoin blockchain.

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Buzzfeed’s VP of AI: Surveillance is more than collecting data

Companies all over the world gather a lot of data customers without thinking of the impact it might have on people in the future.  Talking at TNW 2019 in Amsterdam, Gilad Lotan, Buzzfeed’s VP of data science, said that while it’s important for media companies to use machine learning, they should not collect data which can reveal personal details.

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Hut 8 Mining on Sustainability, Expansion and Surviving Crypto Winter

Hut 8 Mining (named after Hut 8 in Bletchley Park, where Alan Turing broke the enigma code and accelerated the end of World War II) has just filed its audited financial statements for 2018, detailing a tight but still profitable bitcoin mining business.

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Bitcoin Price Wobbles As Trump China Trade Dispute Hits Asian Markets

Bitcoin price was displaying fresh volatility May 6 as global political and economic factors sparked broad uncertainty across markets. Bitcoin Comes Down From Weekly High Data from cryptocurrency exchange Bitstamp, which tends to act as a lower benchmark for Bitcoin markets, put the cryptocurrency trading around $5600 at press time.

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Out of Testnet and Into Alpha: Lightning Labs’ Desktop Application Is Live

Lightning Labs just released an alpha version of its Lightning Network wallet. The desktop application is now compatible with Bitcoin’s mainnet and it leverages Neutrino (the protocol, not the analytics company acquired by Coinbase) to give users a lightweight option to “control their own funds,” as opposed to running a full node or trusting a third party to play custodian.

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F**k Privacy. Facebook’s Terrifying New Lawyer is an Architect of NSA Mass Surveillance

By CCN. com: Don’t believe what Mark Zuckerberg tells you. Facebook is not remotely interested in protecting your privacy. The company just hired Jennifer Newstead as general counsel, a lawyer widely cited as co-writer of the Patriot Act, famously granting unprecedented snooping powers to the US government.

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Utah Has Now Banned Warrantless Electronic Data Searches

In a move that is sure to be celebrated by those who value digital privacy, Utah has banned warrantless searches of electronic data. This now means that the state has the strongest digital privacy laws in the nation.

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VIMee ICO

VIMee is a social network being developed on the Waves high speed blockchain technology that supports community building and social interaction with cryptocurrency rewards. VIMee combines the simplicity of centralized social media, with the security of decentralization, and the flexibility cryptocurrency brings.

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Watching Porn? Show Us Your Passport, Says Perverse UK Porn Law

The UK’s “porn block” or porn ban is an epic violation of privacy and data harvesting. It’s also doomed to fail and will lead to high-profile sexual extortion. Let’s back up. If you haven’t heard of the UK’s porn block, you’re not alone.

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Grim Stories of Ethical, Privacy Abuses Emerge About Coinbase’s New Partners

When Coinbase acquired Neutrino for an unspecified amount in February 2019, the news looked like business as usual: A cryptocurrency juggernaut had made another acquisition.

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