World announces 10 million users verified on World Network
Although World has reached a significant milestone, regulatory headwinds across jurisdictions remain a challenge for the project. Go to Source
Data Privacy
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Italy fines OpenAI $15M over data protection, privacy breaches
Italy’s privacy watchdog ordered OpenAI to conduct a six-month public awareness campaign to promote how ChatGPT collects and uses data. Go to Source
FINRA Warns Member Firms of Metaverse Adoption Challenges
The Financial Industry Regulatory Authority has released a report highlighting the potential benefits and risks of the metaverse for the securities industry. The report emphasizes the importance of addressing challenges identified to ensure the responsible and ethical development of metaverse applications. Firms Must Weigh Challenges in Metaverse Adoption While the metaverse is said to provide … Read more
Upbit to store user data on AWS: What users should know
Upbit’s privacy policy update involves transferring user data to AWS servers in the US for improved service reliability and compliance with local regulations. Go to Source
South African Fintech Firm Raises $7.5 Million to Expand Financial Inclusion
Omnisient, a South African fintech startup, secured a $7.5 million Series A investment from Arise to support its mission of enhancing financial inclusion across Africa and beyond. The investment will help Omnisient expand its technology to African, European, and U.S. markets. The startup is also seeking strategic partners in the U.S. market and retail media … Read more
EU AI rules stifle innovation, Meta and Spotify CEOs warn
Zuckerberg and Ek’s concerns highlight the need for balanced regulation of emerging technologies. Go to Source
Meta to Appeal Nigeria’s $220 Million Data Privacy Fine
Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) has fined Meta (formerly Facebook) $220 million for alleged data privacy violations. The investigation centered on Whatsapp LLC and Meta’s failure to allow users to consent to the gathering and use of their data. The FCCPC said it imposed the fine in accordance with the FCCPA 2018, … Read more
Metamask Updates Privacy Policy, Explains When It May Process Users’ IP Addresses
Metamask, the popular Ethereum wallet, has updated its privacy policy. The update provides users with greater transparency and control over their personal data, specifically concerning IP address processing. According to the new policy, Metamask may temporarily process a user’s IP address only when required for certain services, depending on the user’s Metamask settings. This is … Read more
5 emerging trends in deep learning and artificial intelligence
Explore five emerging trends in deep learning and artificial intelligence: federated learning, GANs, XAI, reinforcement learning and transfer learning. Go to Source Powered by WPeMatico
Silicon Valley Bank Failure Highlights Dangers of Fractional-Reserve Banking
After the failure of Silicon Valley Bank (SVB), a great deal of Americans are starting to realize the dangers of fractional-reserve banking. Reports show that SVB suffered a significant bank run after customers attempted to withdraw $42 billion from the bank on Thursday. The following is a look at what fractional-reserve banking is and why … Read more
