Category Archives: google

Auto Added by WPeMatico

Brave Pursues Legal Action Against Google for User Privacy Breach

Brave, a first of its kind internet browser powered by blockchain technology, is taking international legal action against Google for systematically breaching user privacy on a large scale. Google’s actions are probably in violation of the European Union’s General Data Protection Regulation (GDPR) law, so Brave’s actions against Google could lead to an investigation and heavy fines from the European Data Protection Board.

Brave has filed complaints against Google in the United Kingdom and Ireland. Johnny Ryan, chief policy officer at Brave, says, “There is a massive and systematic data breach at the heart of the behavioral advertising industry. Despite the two-year lead-in period before the GDPR, adtech companies have failed to comply.”

Allegedly, Google collects personal data about a user and their internet behavior, and broadcasts it to dozens if not hundreds of data firms. Selling personal data is big business for Google, particularly using this data for its Adsense and Adwords products to display ads targeted at specific users. The online ad industry has grown to USD 273 billion this year, with Google being the biggest online ad service.

Research shows that this goes beyond ads. Google supposedly collects data on political ideology, sexuality, and ethnicity, and distributes this to data firms who are willing to pay for it. Essentially, Google is wiretapping the internet usage of the world and selling the data for profit. It has been speculated that this data goes to governments and is used for criminal investigations.

Brave was specifically designed to improve the privacy of internet users, as well as launching a completely new ad model where publishers and users are paid with a cryptocurrency called BAT. This eliminates the middleman in the online ad business. Middlemen such as Google take most of the profits for online ads, leaving only a small fraction for publishers.

Since Brave is actively trying to protect user privacy, it makes sense that it noticed Google’s data collection activities. Google has been compromising the privacy of the Brave browser, defeating its purpose.

If Brave is successful with the legal action, Google could be fined up to 4% of their yearly revenue, which is billions of dollars, and it would lead to a beneficial reduction of data collection by the internet giant and other internet firms. However, Google can afford the most powerful lobbyists and lawyers in the world, and some foresee that any fight against it won’t be easy.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Brave Pursues Legal Action Against Google for User Privacy Breach appeared first on BitcoinNews.com.

Asia on Fire with 50% Rise in Crypto and Blockchain Jobs Since 2017

The Asian blockchain jobs and employment market is booming with a 50% increase in industry roles since 2017.

UK-based specialist professional recruitment consultancy Robert Walters reports that startups and established corporations in Asia are on a recruitment drive, with many crypto industry positions now becoming more appealing to those from more conventional sectors.

Stalling cryptocurrency prices on the trading market hasn’t deterred Asian would be professionals seeking a change in direction in their careers, adding crypto exchanges and blockchain projects to their usual lists of possible employers such as IBM, Google and Amazon. Julian Hosp, co-founder of Singapore-based crypto wallet and card start-up TenX observed:

“We hardly ever hire from inside of crypto because most people inside of crypto are very inexperienced. You have very, very few people who are experienced who get into the crypto industry.”

John Mullaly, director of financial services at Robert Walters in Hong Kong agrees, suggesting that many blockchain enthusiasts lack the skills necessary to join the industry. Hosp suggests that employment interest comes in waves according to the ebb and flow of crypto prices:

“If crypto is doing well, if people are making money in crypto, we get huge inbound from people because they feel like, “I need to jump on this wave…”And then when you see crypto going down — then we see that immediately the demand of people, they’re like, “Oh no, this is a dying industry, I shouldn’t go in there.” So it’s completely emotional.”

The Asian job seeker interest was at its peak during the second half of 20017 in accordance with Bitcoin’s then rocketing price, dropping off as the flagship digital currency’s price fell in 2018. Despite this, data has shown that the interest in industry positions is still trending upwards.

As well as potential employees jumping from more conventional sectors, employers are often facilitating this, says  Justin Chow, Asia head of business development at Cumberland — the cryptocurrency division of trader DRW. Chow suggests that his company viewed hiring at its cryptocurrency division no different from hiring across all asset classes.

Indeed, Upwork, an American worldwide employment-related search engine states that:

The situation in Asia seems to mirror the US in that Bitcoin [job search] trends are much more volatile (and related to price volatility) and resulting media coverage while blockchain and cryptocurrency searches have seen a more consistent upwards trajectory.”

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Asia on Fire with 50% Rise in Crypto and Blockchain Jobs Since 2017 appeared first on BitcoinNews.com.

Bitcoin Googled More Than Taylor Swift, Stock Market, Donald Trump

Whether Bitcoin is celebrated by everybody or not, one thing is for sure: people can not stop talking about it. Between August 2017 and today, the number of times Bitcoin was Googled surpassed both pop icon Taylor Swift, and even the stock market.

In December 2017, when the value of Bitcoin reached nearly USD 20,000, it was searched for up to 25% more times than US President Donald Trump. Not to forget this was the month that Trump announced Jerusalem as the official capital of Israel, the Senate passed his significant tax reform legislation, and he sent out a series of Tweets condemning his own Federal Bureau of Investigation.

Tickets for Swift’s 2018 stadium tour went on sale on 13 December, but Bitcoin was pulling in around 70% more Google traffic than the pop star.

Interestingly, when the stock market experiences a slump, the number of times it is Googled increases, whereas Bitcoin sees an increase when there is a bull market. This perhaps indicates it is the younger generation losing interest in crypto when there does not appear to be big gains to be had, whereas the older generation that is more heavily invested in stocks for the long-term keeps a closer eye on their investments when they appear to be depreciating.

As well as this, for the majority of people consuming just mainstream media, the extremities of the market are only covered; while it may not be so intriguing to investigate what is being portrayed as a failing market on the verge of collapse, a 10% investment increase in 24 hours is far more interesting.

What can we take from this data?

While Bitcoin simply being Googled more times doesn’t provide any steadfast data regarding its popularity or give us any indication of a change in market price, there is no denying that the concept has entered and intrigued the general population. And that counts for a lot.

What the trends indicate is that there is still a ways to go in turning around the conversation to keep people confident in the market despite the inevitable downward trends.

Just keep in mind, last year Bitcoin was googled more than the US president for around a month. That is progress right there.

 

Follow BitcoinNews.com on Twitter at https://twitter.com/bitcoinnewscom

Telegram Alerts from BitcoinNews.com at https://t.me/bconews

Image Courtesy: Pixabay

The post Bitcoin Googled More Than Taylor Swift, Stock Market, Donald Trump appeared first on BitcoinNews.com.

New Survey Shows Crypto Growth: 31% Wouldn’t Mind Some Wages in Bitcoin

Yet another Google survey is out and this one, commissioned by British Tech Company Sage, has revealed that many employees wouldn’t object to having part of their salary paid in Bitcoin.

In fact, as many as 31% would be happy to have at least some portion of their earnings paid in the flagship cryptocurrency according to the figures. Of the 1,000 respondents, 37% said that they would go for between 1-20% in digital pay and the rest in fiat.

This latest survey conducted by Sage was meant to monitor responses to employees current pay trends and preferences. Sage develops solutions for business and pays salaries as an outsourced paymaster through Sage Pay. The suggestion is that the survey although conducted by a UK company wasn’t limited to a particular region or country due to the way it was administered online.

Darren Francis, who commissioned the survey commented: “It’s interesting that more people were leaning towards the “all-in” option; having their sole or dominant income paid to them in cryptocurrency.”

As Francis pointed out the majority took the “most or all” scenario rather the lower percentage of earnings in crypto by 15% to 11%, the latter saying that they would like just between 61-80% of their salary in Bitcoin or similar.

Another factor turned up by the survey’s questions was that women were far less likely to go for the crypto pay option than men, perhaps reflecting their interest in the subject as a whole. However, as reported by Bitcoin News, recent figures show that the gender disparity has significantly changed of late with far more women adopting some kind of cryptocurrency as part of an investment portfolio in 2018 than previously.

The survey revealed that 25% of women were open to the idea of some part of their salary being paid in cryptocurrency, whereas 75% of males would subscribe to the new pay scheme.

In terms of an age demographic, there was little difference in acceptance of crypto pay between the lower age groupings such as 25-34 and 35 -44, but beyond that, and edging towards retirement, the figures reportedly dropped off, with far last interest in this form of payment being shown by older employees.

Sage used Google Surveys in order to collect the data which relies on a network of content sites including YouTube and the Readers Digest. Respondents visit the survey site and participate in exchange for content.

 

Follow BitcoinNews.com on Twitter at https://twitter.com/bitcoinnewscom

Telegram Alerts from BitcoinNews.com at https://t.me/bconews

Image Courtesy: Pixabay

The post New Survey Shows Crypto Growth: 31% Wouldn’t Mind Some Wages in Bitcoin appeared first on BitcoinNews.com.

South Africa Proposes VAT Exempt Bitcoin Trades Under New Tax Changes

New regulations under discussion as part of reviewing South Africa’s Taxation Laws Amendment Bill (TLAB) suggest that Bitcoin trades may become exempt from value-added tax (VAT)

The South African government has already begun to examine how to address cryptocurrency as part of the economy due to its rising popularity in the country. The South African Revenue Service’s (SARS) most recent announcement on April 6, concerning cryptocurrency investment or trading this year stipulated that taxpayers must declare their profits or losses arising from any cryptocurrency transactions along with their annual end of year earnings.

“The onus is on taxpayers to declare all cryptocurrency-related taxable income in the tax year. Failure to do so could result in interest and penalties.”

However, the new rules if legislated would make crypto trades exempt from VAT, due to proposals to actually change the definition of digital assets and applicability of VAT in order to clarify and simplify returns for taxpayers. A senior tax consultant from Mazars, Tertius Troost, tried to explain:

“The clarification of the VAT treatment will be well received, especially on the basis that the issue, acquisition, collection, buying or selling or transfer of ownership of any cryptocurrency will be included under the definition of financial services in terms of section 2 of the VAT Act.”

The tax consultant goes on to explain that mining may well not be included in the new tax rules for VAT, but suggests that is the only good news, as some cryptocurrency will not be able to offset losses in the normal way as they fall into an area of taxation which is known as “suspect trades” so losses would be held over only to be used against potential future profits earned from cryptocurrency trading.

However despite this, should the tax law be changed, there will at least be no VAT levied on the acquisition of cryptocurrencies such as Bitcoin, nor on their disposal through sales or purchases.

Interest in the market is continuing to grow in the region, as illustrated recently by Google’s worldwide bitcoin-related searches which showed the highest concentration to be currently in South Africa. For public investor convenience, the growing trend has resulted in more Bitcoin ATMs becoming available as trade volumes continue to show improvement across the country.

Follow BitcoinNews.com on Twitter at @BitcoinNewsCom

Telegram Alerts from BitcoinNews.com at https://t.me/bconews

Image Courtesy: Pixabay

The post South Africa Proposes VAT Exempt Bitcoin Trades Under New Tax Changes appeared first on BitcoinNews.com.

Ethereum Used to Break Chinese Censorship over Bad Vaccines

A vaccine scandal in China has driven social networkers to use blockchain as a way of bypassing the government’s strict internet censorship.

The news broke in China this week that drug manufacture Changchun Changsheng Biotechnology had sold unsafe vaccines, causing public condemnation across the country. The story which broke via a blogger’s exposé online subsequently went viral on the WeChat social network.

The investigative story posted by the blogger was based on a statement by the government confirming that the lab based in Shenzhen had supplied babies with inferior vaccines. Whooping-Cough and Tetanus immunity drugs were said to be incapable of boosting the immune system of its respondents who in this case were three-month-old babies. The company had been accused of using inferior drugs to boost profits.

China has strict internet policies and is highly state-controlled and monitored by government agencies around the clock. There are reportedly more than 40,000 internet monitors set up for screening out what the government regards as material not fit for public consumption. Google and Facebook are not available to Chinese citizens and only authorized Chinese news sites have public access. Even certain search words are screened out of the Chinese search lexicon.

This particular story was reportedly caught by the monitor screening system and deleted within hours, along with all of its accompanying post, thereby making it unavailable to the Chinese public. Subsequent efforts by bloggers to reblog the piece as the ‘King of Vaccines’, under the pseudonym ‘Beast’ were very quickly discovered by the monitors and also deleted.

That was, until a group of internet users had the clever scheme of taking to the Ethereum network and sending 0.001 Ether to itself with the news story attached… for all time. Due to Ethereuem’s decentralized nature, it then became out of reach of Chinese authorities.

By adding the story to the metadata of a crypto transaction, it appears that the Chinese public may have found a foil to censorship In China, although according to Technode this is not the first time that blockchain has been used in this way.

In April, a student published a letter about threats she received from her university regarding obtaining information over a sexual assault case. It was taken down by the monitors, then subsequently added to the Ethereum blockchain by the other students.

 

Follow BitcoinNews.com on Twitter at https://twitter.com/bitcoinnewscom

Telegram Alerts from BitcoinNews.com at https://t.me/bconews

Image Courtesy: Pixabay

The post Ethereum Used to Break Chinese Censorship over Bad Vaccines appeared first on BitcoinNews.com.

McKinsey: China, UAE, Estonia, US Leading Blockchain and AI Towards a Tech Utopia

McKinsey experts suggest that by 2020, the number of smart cities will reach 600 worldwide according to Bitcoinschannel.

These cities are happening right now with China, UAE, Estonia and the US clear forerunners in the McKinsey analysts’ prediction of 600 metropolia in the next two years.

Dubai, with its high-tech society of unmanned trains and Wifi benches, plans to become the first blockchain megalopolis by 2010. Projects underway involve giants Google, Uber, Amazon, and IBM and, due to the initiation of its Smart City program, 545 city projects are underway which have the capacity to change residents lives.

All documentation in the future will be paperless, goods will be tracked using blockchain and unmanned trucks for delivery of goods is planned for the not too distant future.

Estonia loves its cryptocurrency and has long used blockchain, and is hailed as another crypto haven. DLT has been used in health, judicial, legislative, security and commercial systems in the country since as far back as 2012, making it another forerunner in adopting and utilizing new technology for practical civic purposes.

Estonians are able now to see who has been accessing their personal data through the blockchain, such as medical cards, drivers license or insurance details and can legally challenge any illegal or unauthorized access such information.

Not to be outdone, China plans to establish 1,000 smart cities on its own, again designed to improve the lives of its citizens. Its smart metropolis of the future is reputed to be Yinchuan where payments have been streamlined to the extent that facial recognition has become an accepted ID and shopping is conducted through a smart mobile application.

China has long expressed to the world its scathing condemnation of cryptocurrencies but has adopted blockchain like a long-lost friend. Chinese authorities are now exploring blockchain as a solution the data storage in numerous sectors and in central government. Also after notable scams, banks are starting to use electronic ledgers similar to that employed by Bitcoin to safeguard customer security.

In the US blockchain is being increasingly legislated for at state level and is being increasingly used for organizing record keeping, updating state databases.

US states are increasingly beginning to come on board in order to utilize blockchain tech. The state of Arizona has officially signed into law a bill that allows for corporations to hold and share data on a blockchain. First introduced in February by state representative Jeff Weninger, the bill is intended “to open the door for emerging technologies in Arizona”.

As states line up the new technology, Tennessee signed a bill recently that legally recognizes blockchain technology and smart contracts for electronic transactions. The bill also makes a provision that “protects ownership rights of certain information secured by blockchain technology”.

Nebraska, Florida, Arizona, Nevada, and Vermont, along with Maine, Hawaii, Illinois, and North Dakota are some of the many US states notably either in the process of presenting bills, enacting legislation or actively utilizing blockchain in state legislation.

 

Follow BitcoinNews.com on Twitter at https://twitter.com/bitcoinnewscom

Telegram Alerts from BitcoinNews.com at https://t.me/bconews

The post McKinsey: China, UAE, Estonia, US Leading Blockchain and AI Towards a Tech Utopia appeared first on BitcoinNews.com.

Xapo Chief Ted Rodgers: Bitcoin Will be Global Reserve, But Go Long

Xapo president Ted Rodgers believes that Bitcoin will become a global reserve asset, similar to the current U.S. dollar, writes News BTC.

Rodgers sees the market making a recovery, but slowly with little impact over the next few weeks, but feels, long-term, Bitcoin will be worth hundreds of thousands of dollars.

The Xapo president has long been bullish about Bitcoin. Xapo holds an estimated $10 billion in BTC in cold storage underground vaults and is one of the largest and most highly respected exchanges in the industry. The Xapo wallet has also become a reliable storage solution for cryptocurrencies, to the extent its been adopted by IOS and Google apps stores around the world.

Once First Block Capital, Canada’s first fully registered crypto firm, toured one of the Swiss-based Xapo vaults and was very impressed with the company:

“Every part of their DNA is geared to security… Whenever we make big transfers they FaceTime us, we have duress words, if it’s big enough they’ll fly out to see us.”

These types of credentials mean that Rodgers’ views are listened to with more than just a degree of interest by the global cryptocurrency community. Rodgers has said before that Bitcoin will become the global reserve in the same way that the US dollar is now, a view that’s is clearly close to his heart. His “hundreds of thousands of dollars BTCs” statement would create a massive market cap if it became reality.

At $200,000 the market cap would be over 3 Trillion dollars, according to News BTC, surpassing any existing publicly traded company today. The prediction is not isolated though, with similar numbers having been bandied about for quite some time in the crypto press, to the extent that they are now rarely read with any degree of credulity.

Rodgers advice is, go long, stating “I think Bitcoin is a long-term investment and I personally wouldn’t get into it for short-term trading”

Follow BitcoinNews.com on Twitter at @BtcoinNewsCom

Telegram Alerts from BitcoinNews.com at https://t.me/bconews

Image Source: Pixabay

The post Xapo Chief Ted Rodgers: Bitcoin Will be Global Reserve, But Go Long appeared first on BitcoinNews.com.

Crypto Marketing Gets Creative Amid Ad Bans and Tighter Regulatory Scrutiny

A new Wired report finds that US companies are experimenting with new marketing channels within the crypto space, especially after recent high-profile bans on crypto-related advertising on social media channels and with the Securities and Exchange Commission (SEC) starting to take a closer look at unregulated token sales late last year.

This has also created new opportunities for those willing to take on the challenging task of differentiating genuine startups from fraudulent ones.

An example is Sally, an executive assistant living in British Columbia, who created a 34-page beginner’s guide to crypto investing and shared it online, very quickly gaining 18,000 subscribers on YouTube and 14,000 followers on Twitter. Within a few months, she was making a living from her new-found life and eventually quit her job. She commented:

“I’m like a nobody in traditional marketing terms, but because this space is so new and it’s so crazy right now, there aren’t a lot of crypto influencers yet, and especially female ones.”

Although she has clearly made a success from the crypto space, now receiving up to ten requests a week to promote ICOs and post coin reviews, such opportunities need to be weeded out among the numerous similar sounding projects, many of them far less reputable.

A recent Wall Street Journal investigation has highlighted this problem of how to choose a bona fide opportunity amongst the numerous scam traps waiting for its next victim. The investigation found that nearly 20% of 1,450 projects were obvious frauds and increased scrutiny from the SEC has dampened entrepreneurial enthusiasm.

This requires that projects need to be far more innovative, particularly in the light of recent advertising bans by Facebook, Twitter, Google, and Bing. Startup fundraising was largely superseded by ICOs as an effective way of raising funds, but now ICOs are looking far less secure among the confusing mix of promoters, scammers, spammers, and regulators.

“Scams and pump-and-dump schemes have turned off many potential investors. Meanwhile, a sustained drop in the prices of major cryptocurrencies like Bitcoin and Ether has left crypto investors with less capital to risk on new tokens. Making matters worse,” writes Wired.

The market is becoming expensive as it becomes primed for growth hackers, PR agencies, telegram managers and bounty hunters. Jonas Karlberg, CEO of AmaZix, a Denmark-based firm that manages Telegram communities, explains that bounty programs give products a voice and are also time-friendly, but they have a downside. He warns that numerous mindless social media shares create little value for the project. “These bounty hunters are only doing this to get their hands on some quick reward,” he says.

A Google company spokesman has said that its ban is not operational yet. Until it does, writes Wired, crypto companies will take advantage of the lag. Searches for terms like “buy ico”, “token sale” and “invest crypto” will turn up numerous ads for cryptocurrency projects, white papers, and ICOs.

Sally’s 34-page guide may be even more useful to the uninitiated about to step into this vibrant and complex space; it may possibly help them to avoid a misguided next move and make a productive, financially rewarding decision.

 

Follow BitcoinNews.com on Twitter at https://twitter.com/bitcoinnewscom

Telegram Alerts from BitcoinNews.com at https://t.me/bconews

The post Crypto Marketing Gets Creative Amid Ad Bans and Tighter Regulatory Scrutiny appeared first on BitcoinNews.com.

CEOs Give Massive Thumbs Down to Google’s Crypto Ban

Many finance industry executives have voiced their opinions on the recent decision by Google, following Facebook’s similar move, to ban cryptocurrency advertising.

In March 2018, Google issued a statement announcing that cryptocurrency-focused promotional content would no longer be allowed on all of its platforms. According to the statement, the ban covers adverts for ICOs, exchange platforms, and wallet services.

According to the Independent, CEO of digital banking startup Revolut, Philip Nunn, can only see the hypocrisy in the decision, arguing, “I understand that Facebook and Google are under a lot of pressure to regulate what their users are reading, but they are still advertising gambling websites and other unethical practices.”

Google’s decision to ban all Bitcoin and cryptocurrency adverts on its platforms is ill-thought-out and potentially even unethical, according to industry experts. The policy coming into force this month follows its blog post in March, stating: “Ads for the following will no longer be allowed to serve… cryptocurrencies and related content (including but not limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice”.

Nun sees the ban as Google simply clearing the way for their own products: “I suspect the ban has been implemented to fit in with potential plans to introduce their own cryptocurrency to the market in the near future and therefore removing other crypto adverts allows them to do it on their own terms.”

Legitimate advertisers in the space will clearly be affected by the changes, as Ed Cooper of Revolut predicts: “Unfortunately, the fact that this ban is a blanket ban will mean that legitimate cryptocurrency businesses which provide valuable services to users will be unfairly caught in the crossfire.”

Cooper also pointed out that scams are not exclusively the domain of the cryptocurrency market, as false advertisements are rife on the internet, most of them untouched by Google, who has shown no desire to implement a filtering system in order to reduce the frequency of such advertising.

There are of course tricks advertisers can employ to circumvent the restrictions, as Facebook has discovered following their own ban, such as, abbreviating “cryptocurrency” to “c-currency” and replacing the “o” in Bitcoin with a zero.

In May, Google reportedly approached the founder of Ethereum, Vitalik Buterin, in the hope of potentially securing his services, reports the Independent. Google has declined to comment on the ban or any cryptocurrency ambitions it may have, however, the company commented in March that it was looking into the technology:

“Like many new technologies, we have individuals in various teams exploring the potential use of blockchain, but it’s too early for us to speculate about any possible uses or plans.”

 

Follow BitcoinNews.com on Twitter at https://twitter.com/bitcoinnewscom

Telegram Alerts from BitcoinNews.com at https://t.me/bconews

The post CEOs Give Massive Thumbs Down to Google’s Crypto Ban appeared first on BitcoinNews.com.