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Looking for "Privacy"

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jennyl • Sep 29, 2023, 3:00 pm EDT

WHITNEY WEBB: BITCOIN AND THE PLOT TO DESTROY FINANCIAL PRIVACY

Delve into the intricate dynamics of Bitcoin’s relationship with financial privacy and government oversight, as brilliantly examined by Whitney Webb. In her insightful article, she dissects the recent bipartisan push by U.S. senators through the Financial Technology Protection Act, shedding light on the formation of a coalition comprising various U.S. departments, including the Treasury and the FBI. This concerted effort signifies a deepening scrutiny of Bitcoin. Webb astutely challenges the narrative linking Bitcoin to terrorist groups and portrays it as a tool for illicit financing. Drawing from multiple data sources, including a KPMG report, she reveals that only a tiny fraction of Bitcoin transactions are used for illicit purposes. The article navigates the complexities of the term “cybercrime” and its broad interpretation, raising concerns about potential restrictions on financial freedoms.

2 minutes

carlp • Aug 1, 2023, 1:40 pm EDT

German Data Watchdog Probes Worldcoin Cryptocurrency Project Amid Privacy Concerns

A German data protection agency is meticulously examining Worldcoin, a nascent digital currency project led by OpenAI CEO Sam Altman. The scrutiny arises from growing concerns about Worldcoin’s large-scale processing of sensitive biometric data, particularly iris scans. Launched last week, Worldcoin requires users to exchange their iris scans for a digital ID. In some jurisdictions, people also receive free cryptocurrency as part of the project’s ambitious plan to construct a new “identity and financial network”. The Bavarian State Office for Data Protection Supervision, led by President Michael Will, initiated its investigation into Worldcoin in November 2022 due to anxieties about

2 minutes

satoshin • Jul 21, 2023, 6:06 pm EDT

Upholding Privacy: Coin Center’s Legal Battle Against Tax Code Expansion

Coin Center stands for privacy in the face of a tax code expansion. Dive into the legal battle that champions individual rights amidst shifting financial regulations. Discover how this challenge echoes the broader conversation on safeguarding digital privacy in a rapidly changing landscape.

3 minutes

arusso • Jul 7, 2023, 4:54 pm EDT

Kraken Ordered to partially comply with IRS request – Judge rejects agency’s privacy overreach

In a recent court ruling, the prominent cryptocurrency exchange, Kraken, has been ordered by a federal court to provide the Internal Revenue Service (IRS) with user account and transaction information. This decision stems from an IRS allegation that Kraken users may have underreported their taxes.

3 minutes

satoshin • Jun 15, 2023, 11:52 am EDT

Nostr: A Bright Future for Decentralized Social Media

Several problems, including censorship, data privacy concerns, and misinformation, have plagued traditional social media platforms. Decentralized platforms like Nostr are designed to address these problems by giving users more control over their data and content. Nostr is a decentralized social media platform that is built on the blockchain. There is no central authority that controls the platform. Instead, all data is stored on a distributed network of computers. It is much more difficult for governments or corporations to censor or manipulate content because of Nostr’s decentralized nature. Nostr also gives users more control over their privacy. Users can choose to share their data with others or keep it private. Nostr does not sell user data to advertisers. Finally, Nostr is designed to combat the spread of misinformation. The platform uses several techniques to identify and remove fake news and other harmful content. Is Nostr the perfect solution to the problems of traditional social media? No, but it is a step in the right direction. Decentralized platforms like Nostr offer a more secure, private, and democratic alternative to traditional social media. In addition to the above, here are some other benefits of using decentralized social media platforms: No censorship: Decentralized social media platforms are not subject to censorship by governments or corporations, meaning that users can freely express their opinions without fear of reprisal. Increased privacy: Decentralized social media platforms do not collect or sell user data, meaning users can be more confident that their personal information is safe. More control over content: Decentralized social media platforms give users more control over the content they see. Users can choose to follow only the people and organizations that they trust. More democratic: Decentralized social media platforms are more democratic than traditional ones because users have more control over the platform and its development. If you are looking for a more secure, private, and democratic social media platform, consider using a decentralized platform like Nostr.

3 minutes