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” Know thy customer: The future of KYC in crypto “ Crypto and Know Your Customer (KYC) guidelines seem to be an unhappy marriage — pseudonymity in the digital currencies’ DNA doesn’t match the old-school centralized protocols of traditional finance, but cohabitation is inevitable for the maturing industry. The tension never really goes away, but…
“Facebook shared deleted user data with cops: lawsuit” Facebook employees were able to access deleted user data and share details with law enforcement agencies, according to allegations included in an explosive lawsuit filed by an ex-employee who said he was ousted for raising concerns about the practice. Brennan Lawson, a former member of Facebook’s global…
” Controversial mixer Tornado Cash open-sources UI code “ Popular cryptocurrency mixer Tornado Cash has fully open-sourced its user interface (UI) code — a move its developers say fulfills their mandate of complete decentralization and transparency. Tornado Cash Classic UI became fully open-sourced on Thursday, the protocol’s anonymous developers announced in a Medium blog post….
“China reportedly censors alleged data leak of 1 billion residents” Chinese authorities are reportedly scrambling to quiet online discussion of the alleged leak of more than 1 billion Chinese citizens’ personal data — a breach that experts say could be among the largest in history. Speculation surged over the weekend on Chinese social media platforms…
“Period-tracker apps say they will protect women’s data” Two apps that help track women’s periods and menstrual cycles are reassuring their tens of millions of users that they will not hand over sensitive data to authorities in states that have either banned or severely restricted abortions. The apps, Flo and Clue, reacted on Friday to…
” How blockchain can open up energy markets: EU DLT expert explains “ Aside from the buzzing neologism of Web3, there is a bit less catchy but hardly less important concept of Industry 4.0, which includes the new and revolutionary drivers of the next generation’s industrial landscape. And, especially when it comes to the energy…
“Leaked audio from TikTok meetings revealed China accessed US user data: report” Fears that China could snoop on TikTok users were confirmed in leaked recordings from internal meetings held by the social media app’s parent company, according to a bombshell report Friday. The recordings revealed that China-based employees of ByteDance repeatedly accessed data tied to…
” Crypto’s uses and misuses: Binance-Reuters quarrel raises questions “ Crypto exchange Binance has courted controversy almost from its 2017 beginnings, and five years later, the dustups continue. On June 6, the United States Securities and Exchange Commission was reported to be investigating whether Binance Holdings broke U.S. securities rules in launching its digital tokens….
” The crypto industry must do more to promote encryption, says Meltem Demirors “ “I like to call myself a future, or aspiring, cult leader,” Meltem Demirors, chief strategy officer of CoinShares — a publicly listed investment firm managing around $5 billion in assets — told Cointelegraph. Demirors, who first entered the Bitcoin (BTC) space…
” Central authorities have demonized privacy — Crypto projects must fight back “ Zcash (ZEC), a privacy coin that launched in 2016, unveiled an upgrade to its system on May 31 that will allow users to more easily make private, trustless digital cash payments on mobile phones. Not everyone would view this as a good…