Tagged: user privacy

DAPI, a MENA Region Service for leveraging Open Banking to Enhance Payments via Fintech Apps, Writes Open Letter to UAE’s Bankers

The team at DAPI, the first financial API in the MENA region that allows financial technology apps to leverage Open Banking by facilitating digital payments and accessing real-time banking data, have written an open letter to the UAE Bank Federation Advisory Council. The letter, which… Read More

Japanese Finance Minister Says Blockchain or DLT May be Useful for COVID-19 related Contact Tracing

Taro Aso, the Japanese Finance Minister, has reportedly said that blockchain or distributed ledger technology (DLT) could potentially help with combating the COVID-19 pandemic. Aso believes that DLT-powered solutions may be used for contact tracing while ensuring the privacy of user data. Aso, whose comments… Read More

P2P Internet Bandwidth Market Orchid Launches Orchid VPN App, Available in the Apple App Store

Orchid, a peer-to-peer (P2P) bandwidth market, confirmed on July 9, 2020 that it has launched the Orchid VPN app in the Apple (NASDAQ:AAPL) App Store. As mentioned in a release shared with Crowdfund Insider: “The app will allow users to buy bandwidth from trusted VPN… Read More

Financial Privacy Enhancing Zero Knowledge Proofs or ZKPs Not Ready for Integreation with CBDCs, Bank of Canada Claims

Zero-knowledge proofs (ZKPs) and other cryptographic techniques for enhancing privacy on blockchain networks are still in their early stages of development, according to the central bank of Canada. The reserve bank said that ZKPs may not be integrated into central bank digital currencies (CBDC) just… Read More

Bitcoin Is “Far from as Usable and Private” as it Needs be to Avoid Excessive Surveillance, Human Rights Foundation Officer Says, After Establishing BTC Fund

The Human Rights Foundation, a non-profit entity that aims to promote and protect human rights globally, with a special focus on “closed” societies, has introduced a Bitcoin (BTC) development fund. The new fund will support open-source application developers who are focused on making the Bitcoin… Read More

Canada Postpones its Upcoming Open Banking Review Meeting Due to COVID-19 Outbreak

Canada has decided to postpone its upcoming Open Banking review due to the COVID-19 outbreak. The Canadian government-led Open Banking policy review was scheduled to consult stakeholders on applicable standards, in order to provide better consumer data protection. The review was supposed to take place… Read More

Blockchain-based Brave Browser Files Complaint Urging European Commission to Take Action Against Government Agencies that are Not Ensuring User Privacy

The San Francisco-based developers of Brave, an open-source, privacy-oriented Internet browser, have submitted a complaint which asks the European Commission to take quick action against European Union-based government agencies that are not protecting the data and privacy of local residents. Brave’s complaint was filed on… Read More

Lightning Labs Introduces New Protocol for Handling Bitcoin Payments without Requiring Personal User Details

Lightning Labs, a company focused on developing the Lightning Network (LN), a layer-two scalability solution for conducting faster, cheaper micro-payments in Bitcoin (BTC) and other cryptocurrencies, has introduced a new authentication mechanism, called the Lightning Service Authentication Tokens (LSAT) protocol. The LSAT protocol will help… Read More

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