The Sei network, known for its layer-1 blockchain, has revealed its interest in acquiring the genetic testing company 23andMe following its bankruptcy filing.
This move, shared by the Sei Foundation on March 27, outlines their intention to protect the genetic privacy of millions of Americans by leveraging blockchain technology.
The foundation envisions storing genetic data on the blockchain if the acquisition goes through, allowing users to regain control of their information through encrypted, confidential transfers. The Sei network emphasized the importance of data sovereignty, stating that the vulnerability of personal genomic data in the hands of other parties could pose a national security concern.
This development comes just days after 23andMe filed for Chapter 11 bankruptcy protection, reassuring customers that there would be no changes to the handling of their data. Despite these assurances, the bankruptcy has raised alarms over the potential misuse of genetic information, prompting legal authorities such as the Attorneys General of New York and California to advise users to take steps to delete their data and DNA samples.
Anchorage Digital, a federally chartered crypto custody bank, is urging its institutional clients to move away from major stablecoins like USDC, Agora USD (AUSD), and Usual USD (USD0), recommending instead a shift to the Global Dollar (USDG) — a stablecoin issued by Paxos and backed by a consortium that includes Anchorage itself.
Ethereum co-founder Vitalik Buterin has voiced concerns over the rise of zero-knowledge (ZK) digital identity projects, specifically warning that systems like World — formerly Worldcoin and backed by OpenAI’s Sam Altman — could undermine pseudonymity in the digital world.
A new report by the European Central Bank (ECB) reveals that digital payment methods continue to gain ground across the euro area, though cash remains a vital part of the consumer payment landscape — particularly for small-value transactions and person-to-person (P2P) payments.
Geopolitical conflict rattles markets, but history shows panic selling crypto in response is usually the wrong move.