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Bruce B. Dec 17, 2022
Financial Services News
Last active over 7 days
Last active over 7 days
The internet has come a long way since Tim Berners-Lee invented the world wide web in 1989. Now, in an era of growing concern over privacy, he believes it’s time for us to reclaim our personal data.





Through their startup Inrupt, Berners-Lee and CEO John Bruce have created the “Solid Pod” — or Personal Online Data Store. It allows people to keep their data in one central place and control which people and applications can access it, rather than having it stored by apps or sites all over the web.





New users can get a Pod from a handful of providers, hosted by web services such as Amazon, or run their own server, if they have they the technical know-how. The main attraction to self-hosting is control and privacy, says Berners-Lee.





Inrupt’s platform is being tested by the UK’s National Health Service and by the government of the Belgian region of Flanders. The latter plans to use Pods to let its citizens choose how to share their personal data.





Launched in 2017, Inrupt reportedly raised $30 million in December 2021 and Berners-Lee says it will help deliver the next iteration of the web — “Web 3.”





Berners-Lee hopes his platform will give control back to internet users. “I think the public has been concerned about privacy — the fact that these platforms have a huge amount of data, and they abuse it,” he says.





“But I think what they’re missing sometimes is the lack of empowerment. You need to get back to a situation where you have autonomy, you have control of all your data.”





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Bruce B. Dec 16, 2022
Financial Services News
Last active over 7 days
Last active over 7 days
Former Twitter CEO, Jack Dorsey has donated roughly 14 BTC to fund Nostr's development, after recently publishing his views on a native internet protocol for social media.

With the 14 Bitcoin, Dorsey donated about $245,000 to further fund development of NOSTR, which is an Acronym for Notes and Other Stuff Transmitted by Relays.

After it was reported that Jack will donate $1 million annually to encrypted messaging app, Signal, Koty Auditore took to Twitter to urge Dorsey to fund Nostr, following a blog post where Dorsey published his views on the need for a native internet protocol for social media.

Dorsey replied to the tweet two hours later, saying he was “figuring out how to do that.” Roughly 24 hours after that, he deployed funds to developer @fiatjaf.

NOSTR is an open protocol that aims to create a censorship-resistant global social network. The protocol doesn’t rely on a trusted central server; instead, all users run a client.

Using this client, users publish content by writing a post, signing it with their private key and sending it to other servers which then relay that content along.

The relays are simple: Their only job is to accept posts and forward them along to relay participants.

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Bruce B. Dec 15, 2022
Financial Services News
Last active over 7 days
Last active over 7 days
US prosecutors and the SEC announced they have charged eight individuals in a securities fraud scheme. Prosecutors allege that the men made $114 million by using Twitter and Discord platforms to manipulate stock prices. The scheme dates back to at least January of 2020.





The eight social media stock influencers purported to be successful traders, but in reality were running an elaborate pump and dump scheme by promoting specific stocks to their followers and dumping their shares when the prices had risen because of their promotion.





The complaint from the SEC reads: 'To their legions of followers on social media, the eight defendants have, for years, promoted themselves as trustworthy stock-picking gurus. In reality, they are seasoned stock manipulators.'





They would identify stocks ripe for manipulation, acquire substantial positions in these securities, and then recommend those stocks as good investments on their podcasts, in online stock-trading forums they ran, and to their one and a half million Twitter followers. Instead, the defendants sell their shares into the demand that their deceptive promotions generate.





By pumping the stock prices and then selling them off almost immediately, the men 'bragged and laughed about making profits of more than $100 million dollars at the expense of their followers'





However, the SEC says those charged created a mountain of evidence routinely discussing their schemes during Discord voice chats that they believed were private, but were being recorded.





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