Fun

News Feed - 2023-07-14 06:07:17

Turner Wright11 hours agoUK bill on online safety should apply in the metaverse, say lawmakersSeveral members of the House of Lords voiced concerns about children’s online activities in legislation aimed at regulating “anything communicated by means of an internet service.”1007 Total views7 Total sharesListen to article 0:00NewsJoin us on social networksLegislation aimed at regulating certain internet services in the United Kingdom should cover activities in the metaverse, according to members of the House of Lords.


In a July 12 session of the U.K. parliament, members of the upper house debated whether the Online Safety Bill would cover “certain harmful content” users could come across in a virtual environment like the metaverse. Many lawmakers considered how regulations could address “ghastly stuff” — according to member Illora Finlay of Llandaff, Wales — children might encounter online.


“The metaverse should not be beyond the scope of the Bill and nor should the environments created by it,” said member Timothy Clement-Jones. “If we do not include that kind of provider environment in its scope, we will fail our children and vulnerable adults and we will be falling down on the job.”From 3.45pm, #HouseOfLords members continue further scrutiny of #OnlineSafetyBill with Ofcom on the agenda.

Find out more https://t.co/MilFC8QMjR

Watch online https://t.co/doBSyVWtUO pic.twitter.com/kuhXzdeceN— House of Lords (@UKHouseofLords) July 12, 2023


The crux of the argument from many members of the U.K. Parliament was based on the bill applying to “anything communicated by means of an internet service.” Member Stephen Parkinson of Whitley Bay, England suggested this scope could include virtual objects or avatars as well as text and images provided by other users.


Related:Top metaverse property investments suffer massive losses: Report


Legislation concerning government oversight and protection of online activity varies from country to country and is still largely being developed as adoption grows. In the United States, advocacy groups have called on Meta to not allow minors to use the company’s metaverse platform, Horizon Worlds, citing the risk of harassment and loss of privacy.


The U.K. Online Safety Bill is scheduled for more debate in the House of Lords on July 17. The bill must still go through a third reading in the House before final amendments and being signed into law.


Magazine:How to resurrect the ‘Metaverse dream’ in 2023# Security# Privacy# United Kingdom# Metaverse# RegulationAdd reactionAdd reactionRelated NewsHow to create and sell Bitcoin NFTsBug bounties can help secure blockchain networks, but have mixed resultsBlackRock Bitcoin ETF could unlock $30 trillion worth of wealth, Bloomberg analyst saysUK Treasury plans to exclude derivatives and ‘unbacked’ tokens from regulatory sandboxEU commission pushing for world leadership in Web 4.0 and Metaverse, lays out strategyGoogle hit with lawsuit over new AI data scraping privacy policy

News Feed

Senate proposal for crypto tax exemption is long overdue
Nicholas Anthony4 hours agoSenate proposal for crypto tax exemption is long overdueFour senators are fighting to exempt low-value crypto transactions from federal taxation. Congressional approval for their proposal is lo
Tether mints another $1B — Last time, it helped Bitcoin climb to $73K
Zoltan Vardai6 hours agoTether mints another $1B — Last time, it helped Bitcoin climb to $73KBitcoin has flipped its old resistance into support as USDT’s market cap continues to grow rapidly in 2024.3541 Total views
Bitcoin’s Blockchain Growth Accelerates With Trend of Ordinal Inscriptions
Bitcoin"s Blockchain Growth Accelerates With Trend of Ordinal Inscriptions The Bitcoin blockchain has 40.49 gigabytes (GB) to go until it reaches half a terabyte (TB), and with the
Gareth Jenkinson11 hours agoPrivacy firm Nym launches $300M fund, eyes Web3 wallets, RPCs and infrastructure servicesThe blockchain security firm will look to support open-source projects building security and privacy to
What the Bitcoin halving means for BTC mining centralization
Robert D. Knight9 hours agoWhat the Bitcoin halving means for BTC mining centralizationThere are concerns that the halving may be bad news for mining decentralization.3371 Total views4 Total sharesListen to article 0:00A
Martin Young4 hours agoBitcoin on $3K discount at Binance.US, but there’s a catchBitcoin is selling for just over $27,500 on Binance.US, a nearly $3,000 discount from global spot prices.5060 Total views1 Total sharesLi
Leading Crypto Derivatives Exchange Bit.com Set to Launch Bitcoin Cash Options
Leading Crypto Derivatives Exchange Bit.com Set to Launch Bitcoin Cash Options On January 21, the derivatives exchange by Matrixport, Bit.com, announced the laun
Tristan Greene4 hours agoSubscribers on X (formerly Twitter) can hide their blue check marks nowTwitter Help warns that other users may still be able to tell if they"re a subscriber.1301 Total views4 Total sharesListen t
JPMorgan Economist Expects the Fed to Hike Benchmark Rate by 75 bps as Global Markets Bleed
JPMorgan Economist Expects the Fed to Hike Benchmark Rate by 75 bps as Global Markets Bleed The U.S. Federal Reserve is expected to raise the federal funds rate during its next mee
BTC-e founder pleads guilty in $9B money laundering conspiracy
Amaka Nwaokocha14 hours agoBTC-e founder pleads guilty in $9B money laundering conspiracyThe platform was utilized to launder funds acquired from various criminal activities, including computer hacking, ransomware attack
Riot seeks three Bitfarms board members, says it holds 14.9% stake
Turner Wright8 hours agoRiot seeks three Bitfarms board members, says it holds 14.9% stakeThe mining firm said it intended to replace Bitfarms board members — including its interim CEO — with three people “complete
Ripple begins testing RLUSD stablecoin on mainnet
Vince Quill6 hours agoRipple begins testing RLUSD stablecoin on mainnetRipple believes the total stablecoin market will have swollen to $2 trillion by 2028 as demand for the low-volatility fiat-pegged tokens grows.2297 T