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Two-thirds of AI Chrome extensions could endanger user security: Data

Data from an Incogni report revealed that 69% of AI extensions for Google Chrome have a high risk impact on users’ cybersecurity if they are breached.

Over two-thirds of artificial intelligence (AI)-powered extensions for the Google Chrome browser have a high-risk impact and could be “highly damaging” to user cybersecurity if breached, according to data from a new Incogni report.

The August report analyzed 70 AI Chrome extensions across seven different categories, including 10 writing extensions, which all fell into the high-risk category. 48 of 70 fell into the high-risk impact category if beached, yet 60% of the extensions were of low risk to face a security breach in the first place.

Source: Incognito data report “AI Chrome extensions: convenience vs privacy and security”

Darius Belejevas, head of Incogni, said that while these extensions offer “undeniable convenience,” users should have privacy and security safeguarding as their top priority.

“Understanding the data [users] share with extensions and their reliability in keeping it safe is crucial.”

The data found that 59% of the analyzed extensions collect user data, with 44% of these collecting “personally identifiable information” (PII). PII includes data such as the user’s name, address and identification number.

“By being cautious in choosing AI Chrome extensions and staying informed about their potential risks,” he said, “users can embrace the benefits of AI while safeguarding their personal information.”

Related: Zoom updates terms after backlash, won’t train AI without consent

The topic of privacy and user data collection and mishandling has become a major concern alongside the rapid rise of accessible AI applications. 

Back in June, Google changed its privacy policy to allow data scraping in order to train its AI systems — though it was very quickly met with a class-action lawsuit that claimed privacy and property rights were violated via the new changes.

Worldcoin, a decentralized digital identity verification protocol, has been among one of the recent major developments in the industry that has sparked worries over the management of user data. It has caused global regulators to open probes into the protocol’s operations. 

Meanwhile, on Aug. 7, the Indian government passed a bill through the lower house of parliament that would ease data compliance regulations for Big Tech companies, such as Google and Meta. 

Magazine: Deposit risk: What do crypto exchanges really do with your money?

Institutional Crypto Products See $2,200,000,000 in Weekly Flows Setting Year-to-Date Record: CoinShares

Crypto Exchange Giant Coinbase Launches New Web 3.0-Focused Payments Service

US-based crypto exchange giant Coinbase is adding a new feature to their crypto wallet browser extension that streamlines access to decentralized finance (DeFi) and non-fungible token (NFT) marketplaces. In a new company blog post, Coinbase senior director of product management Prakash Hariramani says Coinbase Pay will allow investors to use their crypto wallet through Google’s […]

The post Crypto Exchange Giant Coinbase Launches New Web 3.0-Focused Payments Service appeared first on The Daily Hodl.

Institutional Crypto Products See $2,200,000,000 in Weekly Flows Setting Year-to-Date Record: CoinShares

Decentralized search engine becomes default option on European Android devices

Presearch is backed by a community of node operators who process user search requests and earn rewards through the Ethereum-based PRE token.

Beginning Sept. 1, decentralized search engine Presearch will be listed as a default option on all new and factory-reset devices sold in the United Kingdom and Europe, a move that could erode Google’s dominance in the search engine market. 

The decision by Google to list Presearch as a default browser option follows a protracted legal battle with the European Commission over accusations that the technology company used Android to solidify its search engine dominance. In 2018, the European Commission’s antitrust regulator fined Google a record 4.24 billion euros for unfairly limiting competition on smartphone operating systems. In 2019, Google said it will allow search engine rivals to compete for free on Android devices.

Presearch’s private, decentralized search engine option will now be listed on Android devices alongside several other eligible search engines across Europe. Although the search engines will be listed randomly, Presearch may appear differently depending on the user’s location. Regardless of location or device, Presearch can be accessed on desktop or smartphone by downloading the app via Google Play or the App Store.

Presearch processes more than 1 million searches per day across more than 2.3 million registered users. The company said daily searches have increased more than 300% since January 2021. All search engine requests are processed by Presearch node operators, who earn rewards through Ethereum-based PRE tokens.

PRE tokens are listed on CoinMarketCap and currently trade for less than 5 cents. The project has a total market capitalization of nearly $17 million.

Related: Blockchain technology can change the world, and not just via crypto

Although Google remains the de facto leader in the global search engine market, several competitors have attempted to erode its dominance. Brave, a crypto-powered web browser, recently launched a new privacy-protecting beta search engine to provide users with an alternative to Google’s personal data harvesting.

Institutional Crypto Products See $2,200,000,000 in Weekly Flows Setting Year-to-Date Record: CoinShares

Coinbase Wallet adds Chrome browser extension

Users of the popular exchange can now access their cryptocurrency DApps directly through the Google Chrome browser.

Digital currency exchange Coinbase has announced a new browser extension for its native wallet, enabling users to more easily connect to decentralized applications and decentralized finance directly on their desktop. 

The Coinbase Wallet browser extension is now available on Google Chrome, the company announced Monday. Coinbase Wallet lead Sid Coelho-Prabhu said that more than 1 million Coinbase Wallet customers regularly connect to applications like Uniswap and Compound. The new Chrome extension will streamline this process, removing the need to scan a QR code on their mobile devices each time they want to connect.

Coelho-Prabhu explained:

“Starting today, we’re making it much simpler to access and use these dapps on desktop with the Coinbase Wallet extension. The new extension allows for instant access to dapps on desktop — after linking your Wallet account to the extension once, you are free to browse all dapps with one click.”

The new extension also supports users trading on decentralized exchanges and collecting nonfungible tokens, or NFTs. Decentralized applications like Rarible, OpenSea, SushiSwap, Matcha, Synthetic and Aave, among many others, are also supported.

Coinbase is one of the world’s largest cryptocurrency exchanges, with its Coinbase Pro platform processing nearly $10.6 billion in transactions in the last 24 hours, according to CoinGecko data. Only Binance handles more volume.

Coinbase also became the first major cryptocurrency exchange to file for a public offering. The company’s COIN shares hit the Nasdaq in mid-April. Like many other newly listed stocks, COIN has experienced extreme volatility in its short trading history, having only recently fallen below the $250 pre-listing reference price.

Institutional Crypto Products See $2,200,000,000 in Weekly Flows Setting Year-to-Date Record: CoinShares