Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $2,120 trillion. Bitcoin is up by nearly 4% in comparison with last Sunday. Ethereum lost 2% in value over the week. XRP is down by roughly 4% after a troublesome week. Most altcoins, except Avalanche, have traded in the red for most of the week. The DeFi sector gained almost $1.4 billion from the…
Coinbase recently tested Clearview, AI facial recognition technology, according to the BuzzFeed News report. However, the exchange refuted claims that it used customer data for the test.
Coinbase has over 20 million views every month and more than 30 million total accounts. The firm started scrutinizing Clearview following a New York Times article that shows its database of more than three billion images, scraped from various websites and social media platforms.
Challenges Facing Clearview AI Recognition
Facebook, Google, and Twitter are threatening to take legal action against Clearview. Hoan-Ton, the company’s CEO, said that the software deployment was just with law enforcement agencies and that focus is only on the United States of Canada. Nevertheless, according to an anonymous source, its complete customer list contains thousands of entries to over 26 nations.