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Start-up firm Cap-able describes its Manifesto Collection – including a £252 T-shirt, £370 sweater and £245 jogging bottoms – as ‘a wearable algorithm to protect our identity’.

The knitted fabric is woven with ‘adversarial patches’ which protect biometric face data and confuse AI computers into wrongly categorising the wearer as a dog, zebra or giraffe.

From Clothing invented to trick CCTV into thinking people are animals | Metro News:

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I don’t think accounts are going away anytime soon simply because they are a necessary part of the relationship I have with many businesses. I want them to remember me and react to me in the context of the interactions we’ve had in the past. SSI offers new ways of supporting relationships, especially ephemeral ones, that means companies need to store less.

From SSI Doesn’t Mean Accounts Are Going Away:

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Over eight million people in the UK have taken advantage of fake, fraudulent or someone else’s identity to access goods, services or credit.
The data comes from a report commissioned by GBG and undertaken by Censuswide. The survey was taken by 2,000 UK consumers following the Online Safety Bill returning to Parliament. The release of the reports hints at the urgency of passing the bill, which includes the enforcement of age limits and age-checking measures, and could lead to widespread use of biometrics for age verification or estimation.
“Underage kids are getting access to gambling, alcohol and porn sites, and also running up huge debts without fully understanding the consequences and, very often, at the expense of their parents,” says Gus Tomlinson, chief product officer of EMEA at GBG, commenting on the figures.
In fact, while 16 percent (8.6 million if scaled up to the national level) of all respondents admitted to having used fake identities, the number was higher (33 percent) for young people in the UK (16-24).

From 8.6M fake ID users in UK: GBG report | Biometric Update:

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Countries benefit in various ways from belonging to a currency union—a group of countries that share a single currency. Businesses can trade and invest across borders more easily. Member countries gain access to larger markets without facing currency risk. And in some circumstances, currency unions can help support their members when they are hit by external shocks.

But there are also costs to membership: countries relinquish the independence to formulate monetary policy, which can complicate a country’s adjustment to a shock. At the same time, currency union institutions face their own constraints. Currency unions have a responsibility to serve the interests of all of their members; accordingly, changes to policies with a union-wide impact, like monetary policy, are guided by the needs of the union rather than any one single member.

From A Framework for Currency Unions and IMF Lending:

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One top 5 merchants said it this way “you have got to be kidding, I wanted to accept Zelle, consumers know what that is. There is no way I’m helping banks build another new brand. If consumers demand it, we will do it, but until that happens I’ll be on the sidelines.

From Banks Launch “Wallet” (again) | Noyes Payments Blog.

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It may then come as a surprise that during his first visit to Argentina as Brazil’s new President, Luis Ignacio Lula da Silva, raised the possibility of his country and Argentina pursuing a joint trading currency called the ‘Sur’ (or ‘South’). The stated purpose would be to promote bilateral trade rather than seeking a monetary union such as exists in the EU, and would involve state-backed loans from Brazilian banks active in Argentina and Argentina in turn collateralising this borrowing with commodities such as grains or natural gas1.

From Big Sur? Argentina and Brazil are planning a joint currency..

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Big banks are teaming up to launch a digital wallet that people can use to shop online.

Wells Fargo WFC 2.53%increase; green up pointing triangle & Co., Bank of America Corp., BAC 1.39%increase; green up pointing triangle JPMorgan Chase JPM 1.62%increase; green up pointing triangle & Co. and four other banks are working on a new product that will allow shoppers to pay at merchants’ online checkout with a wallet that will be linked to their debit and credit cards.

The digital wallet will be managed by Early Warning Services LLC, the bank-owned company that operates money-transfer service Zelle. The wallet, which doesn’t have a name yet, will operate separately from Zelle, EWS said.

From Banks Plan Payment Wallet to Compete With PayPal, Apple Pay – WSJ.

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In 1991, the year the web got underway, there were around 100 different adult magazines being published in America. By 1997, there were around 100 pornography sites on the web. By 2020, a pornography filter would block around 2.5 million web sites. Robert Weiss, writing in Psychology Today, notes that while the growth continued unabated, there was a significant change around the millennium, where the delivery model for online pornography changed from pay-per-view sites to “user-generated” sites of one form or another. The technology has delivered vast platforms where individuals create their own adult content and earn their own money from interacting with their online audience.

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Neobanks today are also facing increased scrutiny over their compliance systems. Against the backdrop of the cost-of-living crisis and rising financial scams, regulators are probing neobanks to ensure they have the appropriate fraud and compliance systems in place.

From Will the neobank business model weather the storm?.

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Hester M. Peirce was appointed by President Donald J. Trump to the U.S. Securities and Exchange Commission and was sworn in on January 11, 2018.

Several models for bespoke token disclosure already exist. There have been domestic and international legislative proposals, such as European Markets in Crypto-Assets (MiCA) legislation and the recent bills in Congress,[50] my proposed safe harbor, and proposals by academics and lawyers.[51] Potential disclosure elements include source code, token economics matters like an asset’s supply schedule or protocol governance, development team, the network development plan, prior token sales, and listing the trading platforms on which the tokens trade, as laid out in my proposal.[52] Similarly, MiCA’s approach would require crypto companies to produce a white paper with information about the issuer, the crypto asset, and the related project, an explanation of rights and obligations of the asset, various technological information about the asset, and a description of investment risks.[53]

From SEC.gov | Outdated: Remarks before the Digital Assets at Duke Conference.

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