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data
Crypto exchange BitMEX has published a framework of principles for how best to store additional batches of transactional provenance data, a requirement exchanges face as part of new anti-money laundering (AML) rules. In order to fall in line with the rest of the financial system, virtual asset service providers (VASPs) have been asked to obtain,...
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A U.S. agency that fights financial crime is encouraging financial institutions, ranging from banks to cryptocurrency exchanges, to share customer information with one another to catch wrongdoers. The Financial Crimes Enforcement Network (FinCEN), a bureau of the Treasury Department, issued a fact sheet Thursday spelling out that the 2001 Patriot Act gives institutions wide latitude...
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Few could have imagined the true costs of “data for a service,” driven in large part by a monopolistic economy for users’ information, as powerful internet giants and platforms have melded into our daily lives.  The internet’s ubiquity has led to societal cracks, from users’ lower self-esteem to impacting elections, while data ownership and privacy...
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A Citibank managing director thinks bitcoin could hit $318,000. MIT researchers resoundingly reject blockchain-based voting. And Bitcoin Cash’s latest fork looks set to fail. Top shelf Technical comparison?A Citibank executive published a report predicting that bitcoin could reach $318,000 by December 2021. Using technical analysis, and a comparison to gold markets in the 1970s, Citibank...
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In the aftermath of a divisive U.S. presidential election that seems to mark the tail end of the 20th Century, I’m reminded of the daughters of the beginning of the Industrial Revolution. The “Mill Girls” of Lowell, Mass., made up 75% of all textile workers in the U.S. In the 1830s, they took jobs to...
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A third and all-encompassing version of Ocean Protocol has been released, fleshing out its vision for “datatokens” and decentralized data marketplaces. Announced Tuesday, Ocean v3 brings the Ocean data market proposal to life with Ethereum-based datatokens, as well as a range of other features like initial data offerings (IDOs), staking, automated market making (AMM) functionality...
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Some tricks of the trade employed by today’s booming decentralized finance (DeFi) platforms are being used for a completely new paradigm: decentralized data marketplaces. Announced Thursday, blockchain-based data monetization startup Ocean Protocol is teaming up with Balancer Labs to create the first automated market maker (AMM) for data. Ocean Protocol is about helping people and...
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A hacker has stolen data on more than 1,000 users from CryptoTrader.Tax, an online service used to calculate and file taxes on cryptocurrency trades. The hacker broke into a CryptoTrader.Tax marketing and customer service employee’s account on a support center platform, according to a source who came across the hacker on a dark web forum....
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Data provider Chainlink will provide decentralized weather data for insurance startup Arbol, according to a blog shared with CoinDesk. Arbol provides crop insurance for small to medium sized farmers or enterprises. Smart contracts pay out claims to subscribers when a preset value – such as the average monthly temperature or rainfall – turns out different...
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The World Health Organisation said any WHO stamp of approval on a Covid-19 vaccine candidate would require a rigorous safety data review, after Russia announced Tuesday it had approved a vaccine. President Vladimir Putin said Russia had become the first country to approve a vaccine offering “sustainable immunity” against the new coronavirus. “We are in...
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