PRIVACY
US States Challenge CBDC as Legal Tender
Four U.S. states - Utah, South Carolina, South Dakota, and Tennessee - have filed bills to exclude Central Bank Digital Currencies (CBDCs) from their legal definitions of money, reflecting rising state-level resistance and concerns over privacy and federal overreach.
Coinbase is challenging the U.S. Treasury over the recent tornado cash sanctions
Coinbase is suing the U.S. Treasury for listing Tornado Cash on the SDN List, arguing it violates digital privacy and regulatory authority in the cryptocurrency sector.
BIS Conference Addresses Cybersecurity in Central Bank Digital Currencies (CBDC)
Agustín Carstens, General Manager of the Bank for International Settlements, highlighted the importance of cybersecurity for central bank digital currencies (CBDCs) during a conference in Basel, Switzerland, emphasizing the need for secure, user-friendly, and adaptable systems.
CBDCs on the Rise: What the Decline of Physical Cash Means for Blockchain and Privacy
The decline in the use of physical cash raises important questions about the loss of personal freedom and privacy. As central banks explore the development of CBDCs, the design and implementation of these digital currencies will play a critical role in balancing convenience and personal liberties.
Ethereum Founder Vitalik Buterin Co-Authors Paper on Blockchain Privacy and Compliance
Ethereum's Vitalik Buterin, along with researchers and privacy advocates, published a paper on September 6, 2023, titled "Blockchain Privacy and Regulatory Compliance: Towards a Practical Equilibrium." The paper introduces "Privacy Pools," a smart contract-based protocol designed to reconcile financial privacy with regulatory compliance.
Japan Concerned About AI Chatbots
A new survey in Japan reveals that 69.4% of the population wants stricter regulation in the development of AI chatbots. This comes as Japanese officials consider integrating AI into their systems.
OpenAI Launches Bug Bounty Program
OpenAI has launched a bug bounty program to address privacy and cybersecurity issues, inviting security researchers and ethical hackers to identify and address vulnerabilities in its systems. The program offers cash rewards ranging from $200 to $20,000 for qualifying vulnerability information.
Japan supports OpenAI amid concerns
Japan expressed interest in incorporating OpenAI’s technology into government systems, provided privacy and cybersecurity concerns are addressed. OpenAI CEO, Sam Altman, visited Japan and met with government officials to discuss the potential of the technology and how to maximize its benefits while minimizing risks. Meanwhile, OpenAI is being investigated by Canada’s privacy commissioner for allegedly collecting and utilizing personal information without consent.
Privacy blockchain platform Aztec to shut down Aztec Connect
Privacy-oriented blockchain platform Aztec is set to shut down Aztec Connect, its network's privacy infrastructure serving as the encryption layer for Ethereum. Aztec will no longer run a sequencer from March 2024, and the current system will no longer publish rollup blocks processing Aztec Connect transactions.
Secret Network to Restructure as Nonprofit with 'Transparent Operation'
Two Secret Network-promoting groups argued publicly before the vote.
Seven Web3 Firms Form Alliance Focusing on Data Privacy
According to the Universal Privacy Alliance's official statement, their aim is "to protect privacy regardless of the blockchain or technology stack."
Zcash is Clogging up in What Looks Like a Spam Attack
The Zcash protocol might be under a spam attack as analysts pointed out on Twitter in a long discussion that started on Wednesday. Being a privacy-focused protocol, Zcash’s “Shielded Transaction” feature designed for privacy is now being misused by the attacker.
U.S. IRS Chief Requests More Power To Collect Crypto Transfer Data
U.S. Internal Revenue Service Commissioner Charles Retting told Congress that the authority needs more permission to collect cryptocurrency transfer data, Reuters reported Tuesday.
Coinbase CEO Warns Exiting President Trump May Drop Crypto Wallet Regulation Bomb
Coinbase CEO Brian Armstrong shared rumors that the Trump Administration may rush crypto wallet regulations on traders with privacy-invading data-collection requirements.
US Election 2020: Can I Change My Vote?
The United States 2020 election day approaches, and a large number of US citizens have already cast their votes, but what if they wanted to change their votes before Nov. 3?