Your Financial Data Is Not Private, Bitcoin Can Fix That
By practicing these tips, HODLers can ensure privacy in a financial data hungry world.On April 4, 1933, probably only a handful of Americans were prudent enough to hold gold coins in their homes. There seemed to be nothing wrong with keeping the gold safe in the banks, after all. All of this changed a day later when President Roosevelt announced Executive Order 6102, "forbidding the hoarding of gold within the continental United States." Whoever trusted third party providers for their security and privacy suddenly found themselves rug-pulled. Only those with a healthy mistrust of the....
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Rod Drury, the CEO of New Zealand-based multi-billion dollar software and accounting service provider Xero, stated in a recent interview that private Blockchain networks currently being developed by banks and financial institutions are essentially a solution looking for a problem. Are private Blockchains necessary? The argument behind the development of private Blockchain networks and platforms that banks and financial institutions provide is that strict international and domestic financial regulations disallow the deployment of decentralized networks. Most regulatory frameworks....
How can you make sure that your memories and private data are transmitted reliably to the future? Security, durability, respect for integrity: these are all essential components for ensuring the transmission of data. However, the process is often complex , in particular in the event of death. The various steps are not only long and tedious but also expensive. Based on this observation, the French startup Capsule Corp. has had the idea to create Ternoa. Ternoa to Redefine Data Transmission Designed to securely store and transmit data, Ternoa uses the blockchain and all the benefits it....
Leading Brazilian digital security company PSafe recently issued a warning to all internet users everywhere, stating that over 50 million people from all over the world have private data up for grabs on the deep web. The company compares the attacks with those that hit Yahoo! and Snapchat in the past, claiming this one is even worse as private data from as much as 20.000 government agents – including NASA employees – might have also been leaked. According to PSafe, over 20 countries were affected, and the first on the list Is the U.S., with data from over 1,2 million people being leaked.....
Many people argue that private blockchains, run by private firms, are useless, since they make users dependent upon a third party ‒ the firm managing the blockchain. Many believe that private blockchains currently being considered are not blockchains, but rather, distributed ledger technology which has already existed. Others believe private blockchains could provide solutions to many financial enterprise problems that Bitcoin does not, such as abiding by regulations such as the Health Insurance Portability and Accountability Act (HIPAA), anti-money laundering (AML) and know-your-customer....
The New Civil Liberties Alliance (NCLA) filed a lawsuit on behalf of a Bitcoin investor whose private data was collected by the IRS without warrant. The post New Civil Liberties Alliance Challenges IRS Collection Of Private Crypto Investment Data appeared first on Bitcoin Magazine.