Worldcoin has generated a lot of attention lately, raised a lot of capital, and a lot of eyebrows across various countries and communities.
According to CoinFund’s investment thesis, Worldcoin could onboard more than 1 billion new users to crypto, including a new segment of users from developing countries with poor access to finance. All of this sounds good on paper.
On the other hand, there have been some serious concerns regarding Worldcoin’s exorbitant collection of biometric data, questions regarding their business plan, and what the project is actually good for.
More and more central banks around the world are in the early stages of creating digital currencies.
Federal Reserve Chairman Jerome Powell told the House Financial Services Committee in March that the Fed had already begun testing a digital dollar.
Powell told the House Financial Services Committee, "We're not at the stage of making any real decisions. What we're doing is experimenting in kind of early-stage experimentation. How would this work? Does it work? What's the best technology? What's the most efficient really at an early stage on? But we're making progress on sort of technological issues."
Just like paper dollars, a Central Bank Digital Currency of CBDC would be issued by the Federal Reserve.
Those pushing for it say it would have several advantages over physical money. They say it could be used to fight inflation because the Fed would have more direct control over the money supply. It could speed up transaction payments and help fight money laundering.
Data breaches have become an unfortunate fact of life. But just because data breaches happen every day doesn’t mean your own enterprise’s incident isn’t big news that should be handled with great care. During cyber incident response, one public relations misstep can multiply the damage significantly.
What are some bad behaviors you’re going to want to avoid? Find out HERE.
We use our phones for everything from reading news to texting friends
to ordering in to playing games. All that convenience at our fingertips
comes at a cost: our personal data and mental health. It’s hard to be
present in the moment when push notifications and texts are enticing us
to look down. Meanwhile, the amount of personal data we share, many
times without even realizing, can be alarming.
But not all hope is lost! Here are five simple steps you can take to
protect your data and add space between you and your phone when you need
it.
Have you ever actually read the terms and conditions for the apps you use? Finn Lützow-Holm Myrstad and his team at the Norwegian Consumer Council have, and it took them nearly a day and a half to read the terms of all the apps on an average phone. In a talk about the alarming ways tech companies deceive their users, Myrstad shares insights about the personal information you've agreed to let companies collect -- and how they use your data at a scale you could never imagine.
This talk was presented at a TED Salon event given in partnership with Samsung.
Recent events have highlighted, underlined and emboldened the fact that the United States is performing blanket surveillance on any foreigner whose data passes through an American entity - whether they are suspected of wrongdoing or not. This means that, essentially, every international user of the internet is being watched, says Mikko Hypponen. An important rant, wrapped with a plea: to find alternative solutions to using American companies for the world's information needs.
My name is STANLEY EPSTEIN and I am a member of the Citadel Advantage Group. I am a Illumeo Certified Instructor. Check out all my Online Training Courses. Just CLICK on the INSTRUCTOR badge.
