{"id":125956,"date":"2025-03-27T22:17:47","date_gmt":"2025-03-27T22:17:47","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125956"},"modified":"2025-03-27T22:17:47","modified_gmt":"2025-03-27T22:17:47","slug":"sei-foundation-floats-23andme-acquisition-genetic-data-on-the-blockchain","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125956","title":{"rendered":"Sei Foundation floats 23andMe acquisition, genetic data on the blockchain"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsThe foundation behind the layer-1 blockchain, Sei, announced it was exploring the acquisition of the genetic testing company 23andMe after the firm filed for bankruptcy.<br \/>\nIn a March 27 X post, the Sei network said its foundation was considering purchasing 23andMe \u201cto defend the genetic privacy of 15 million Americans\u201d by putting the company\u2019s data on the blockchain. According to the foundation, if it acquires the biotechnology company, it plans to deploy all the genetic information on the blockchain and \u201creturn data ownership to users through encrypted, confidential transfers.\u201d\u00a0<br \/>\nMarch 27 X announcing a potential acquisition of 23andMe. Source: Sei Network\u201cWe believe user data sovereignty is a matter of national security,\u201d the Sei network\u2019s announcement reads. \u201cWhen an American biotech pioneer faces bankruptcy, personal genomic data of millions becomes vulnerable to parties that may not share the same values of transparency and open access.\u201d<br \/>\nThe announcement came four days after 23andMe said it filed for Chapter 11 protection in the US Bankruptcy Court for the Eastern District of Missouri. The company said at the time there would be \u201cno changes to the way [it] stores, manages, or protects customer data,\u201d which reportedly includes genetic information from roughly 15 million people globally.<br \/>\nRelated: Stop giving your DNA data away for free to 23andMe, says Genomes.io CEO<br \/>\nThe 23andMe bankruptcy has, for many, reignited concerns about data privacy in an age in which companies have caches of genetic information from millions of people.\u00a0<br \/>\nAfter the bankruptcy announcement, New York State Attorney General Letitia James and California Attorney General Rob Bonta urged 23andMe users to contact the company to delete their personal data, saying they had a right to privacy and to request any DNA samples be destroyed. The two authorities said state laws gave 23andMe users control of their own data.\u00a0<br \/>\nThe price of the network\u2019s Sei (SEI) token briefly rose from $0.209 to $0.215 after the network\u2019s X post \u2014 a roughly 3% increase.<br \/>\nMagazine: Longevity expert: AI will help us become \u2018biologically immortal\u2019 from 2030<a href=\"https:\/\/cointelegraph.com\/news\/sei-foundation-blockchain-23andme-genetic-data?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsThe foundation behind the layer-1 blockchain, Sei, announced it was exploring the acquisition of the genetic testing company 23andMe after the firm filed for bankruptcy. In a March&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125956"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125956"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125956\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125956"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}