Crypto needs regulation but should be done right: Report and database
The absence of a well-defined regulatory landscape sows uncertainty in the crypto industry. What should the regulators do to set things right? Regulatory attitudes toward crypto are constantly evolving, often at a slower pace than the crypto industry itself. Institutions and the broader public will not seriously consider working with cryptocurrencies without clear and comprehensive regulation. Furthermore, the industry suffers from widespread scams, phishing and hacks that very often have no legal repercussions. This bolsters the audacity of wrongdoers and augments the image of crypto as....
Related News
Osterman Research recently completed what it calls a “first-of-its-kind” database security industry report. According to the study, just 19 percent of organizations enjoy “excellent” visibility into data and database assets. As Osterman states, “this level of visibility is necessary to rapidly identify a data breach.” 47 percent of those surveyed do not have a team or individual to monitor their database security. Called “Identifying Critical Gaps in Database Security,” research for the report was conducted from February until April to figure out how well organizations were prepared to....
A research study published by Boston's Berklee College of Music outlines how a blockchain-based royalty payment system could improve working conditions for musicians. Published by Rethink Music, an initiative under the auspices of Berklee's Institute of Creative Entrepreneurship, the report outlines the current state of payments and revenue in the US recording industry and proposes a series of recommendations to improve transparency, reduce friction and provide a greater degree of fairness to working artists. Among other recommendations, the report calls for the creation of a distributed....
When the Patreon database hack was announced, the technology industry was once again reminded why centralized solutions are not the way forward. Not only have customer email addresses been leaked, but also physical addresses and even private conversations on the platform. To make matters even worse, the entire database has now been published on the Internet, available for everyone to see. Whenever a company’s database is hacked, there is a rightful cause for concern. Especially when that company is a crowdfunding platform like Patreon, serving customers from all over the world. According....
Brazilian Bitcoin Regulation: A new study looking at the economic impact of Bitcoin on behalf of Brazil's Federal Senate has advised against the regulation of digital currencies - at least for now. The 18 page report by Cesar Rodrigues van der Laan has been hailed by some digital currency enthusiasts for recommending a 'Bitcoin friendly' approach to regulation, but at the same time presents a generally pessimistic analysis of Bitcoin's chances of future success within the Brazilian economy. "Given their limited current range, especially in Brazil, we do not see systemic risk to the....
Law enforcement agencies do not see eye-to-eye with consumer privacy. The FBI now wants to ensure American can no longer sue them for violating the Privacy Act. That proposal was put on the table by the Federal Bureau of Investigation on May 31, 2016. The law enforcement agency wants to exempt its entire database from citizens having the right to sue the....