All articles tagged with #ico
Britain’s Information Commissioner's Office has launched a GDPR inquiry into X and its Grok AI after the tool generated non-consensual, sexually explicit deepfakes, scrutinizing safeguards in Grok’s design and deployment and potential data-protection breaches.
Pump.fun's ICO sold out in just 12 minutes, raising $600 million by selling 150 billion tokens, with mixed reactions from the community regarding its legitimacy and potential. The event highlights the rapid growth and speculative nature of memecoins, prompting caution among investors.
Microsoft's new AI feature, Recall, which takes constant screenshots of user activity to create a "photographic memory," is under investigation by European regulators for potential privacy violations. The Information Commissioner's Office (ICO) in the UK is seeking more information, while Microsoft assures that the data is encrypted and stored locally, with options for users to manage their privacy settings.
Grayscale's Bitcoin Trust is experiencing a significant outflow of capital, potentially leading to a supply shock and price surge for Bitcoin as its reserves could be depleted by late July. Meanwhile, Galaxy Fox, a meme coin, is in the final stage of its presale and gaining attention as a potential high-growth investment due to its play-to-earn game, staking system, and sustainable token economy. With a successful presale so far, Galaxy Fox presents an opportunity for explosive growth in the cryptocurrency market.
TikTok has been fined £12.7m ($15.9m) by the UK's Information Commissioner's Office (ICO) for breaching data protection laws, including using the personal data of children under 13 without parental consent. The ICO estimated that TikTok allowed as many as 1.4 million UK children under 13 to use its platform in 2020, even though it sets 13 as the minimum age to create an account. The breaches occurred between May 2018 and July 2020, with the Chinese-owned video app not having done enough to check who was using the platform and remove the underage children who were.