Article: Will you be on the side of Web 3.0? Lina Khan as US FTC Chairman

Decentralized Internet, Web 3.0

Will you be on the side of Web 3.0? Lina Khan as US FTC Chairman

The Biden administration nominated Lina Khan as chairman of the Federal Trade Commission (FTC) on the 15th. Kahn is a professor at Columbia Law School and is 32 years old. It will be the youngest in history as the top of FTC. Kahn is known for being critical of the monopoly of big tech such as Amazon.

Blockchain proponents tend to reflexively resist regulation and regulators, but given Khan’s concerns about monopoly by large corporations, he supports blockchain on major privacy issues. It can also be on your side.

In addition, Kahn’s anti-monopoly stance could create significant market opportunities for new types of tech companies, including those developing decentralized systems and “Web 3.0.”

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Article: They were ancient internet memes. Now NFTs are making them rich

Crypto, Money

They were ancient internet memes. Now NFTs are making them rich

Their faces were the backdrop of the 2010s. Now the likes of Scumbag Steve and Bad Luck Brian are cashing in with non-fungible tokens.

The smart contracts that underpin NFTs mean that, unlike traditional art auctions, the original creators can ensure they take a cut of any future sales too. Most of the OG meme NFTs are being auctioned via Foundation, which gives a standard ten per cent share of any future sales to the person who minted the original NFT.

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Article: Bitcoin Is Displacing Gold as an Inflation Hedge

Crypto, Money

Bitcoin Is Displacing Gold as an Inflation Hedge

For now, bitcoin fills a demand for a wider array of alternatives to fiat currencies at a time when many are deeply skeptical of monetary policy, while also promising the kind of exciting growth that tech stocks have done. It’s understandable that there would be wide demand for such an asset. And while that demand is strong, it is aided by that other universal force in markets; fear of missing out. If reflation doesn’t come through on cue, however, it might be as well to brace for another bitcoin bump.

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Article: Privacy activist takes on Google over Android tracker

Cyber-Security, Software

Privacy activist takes on Google over Android tracker

A pressure group set up by Austrian privacy activist and lawyer Max Schrems has launched a new campaign in France, this time complaining that Google’s Android advertising tool violates European Union rules by failing to get users’ consent.

noyb (none of your business), established by Schrems to take on the Internet giants and others over perceived privacy violations in Europe, said it launched action against the Android Advertising Identifier (AAID) claiming that the “somewhat hidden ID” allows Google and all apps on the phone to track a user and combine information about online and mobile behavior.

“While these trackers clearly require the users’ consent (as known from ‘cookie banners’), Google neglects this legal requirement,” said noyb.

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