Corporate AI could undermine Web3 and decentralization — Industry observers
Artificial intelligence could deliver a fatal blow to the dream of Web3. Go to Source
Privacy
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Parfin Creates New Blockchain to Be Used as Privacy Solution for Brazilian CBDC
Parfin, a financial technology company, has created a new blockchain system to be used as a privacy solution for the Brazilian CBDC, drex. Rayls, the new blockchain, will offer the possibility of operating in a permissioned way and also linking itself to other public blockchains using Rayls Public Chain, a native Ethereum layer two (L2). … Read more
Crypto community backs Tornado Cash devs with $2.3M legal fund
Tornado Cash’s founders and developers are in the legal crosshairs, but the crypto community argues merely writing code shouldn’t be a crime. Go to Source
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
Experts Warn SEC’s Consolidated Audit Trail Is Unconstitutional
The U.S. Securities and Exchange Commission’s (SEC) newest surveillance tool, the Consolidated Audit Trail (CAT), has sparked significant concerns among privacy advocates and legal experts, who warn of an unprecedented expansion of government monitoring over financial transactions. SEC’s CAT Sparks Privacy Concerns and Legal Challenges Recent developments, such as the SEC implementation of the Consolidated … Read more
Samourai Wallet shutdown: implications for other privacy & self-custody tools
The seizure of the Samourai Wallet website and the indictment of its founders might have implications for other privacy-preserving self-custodial tools. Go to Source
Worldcoin Agrees to Temporarily Stop Operations in Spain
Worldcoin, the biometric proof-of-personhood identification protocol, has agreed to temporarily stop its operations in Spain. According to statements from the Spanish privacy watchdog AEPD, the company committed to stop its data collection practices for a year or until Baviera’s privacy regulator finishes its investigation into Worldcoin’s inner workings. Worldcoin to Pause Biometric Data Collection Activities … Read more
Tornado Cash sentence ‘radically unfair and unreasonable’ — Nym CEO
CEO Harry Halpin pointed to history and used Nazi Germany as an example of why digital privacy must be protected in the 21st century. Go to Source
Worldcoin faces bans worldwide amid increasing privacy fears
Regulators across the world are banning Worldcoin, which collects biometric data for a small payment of its native cryptocurrency. Go to Source
Brazilian CBDC Pilot Postponed to 2025 Due to Inefficiency of Privacy Solutions
The Central Bank of Brazil announced the postponement of the completion of the drex pilot, the Brazilian CBDC, due to the inefficiency of the privacy solutions presented for the project so far. The pilot will have a new phase, finalized in 2025, and will also feature the implementation of smart contracts to nurture use cases … Read more
