Image Image Image Image Image Image Image Image Image Image Image Image

| March 23, 2019

Scroll to top


Facebook Archives -

In the Daily: Mt. Gox Claims, Crypto Derivatives, Facebook Vacancy, Swiss Regulations

March 22, 2019 |

In the Daily: Mt Gox Claims, Crypto Derivatives, Facebook Vacancy, Swiss Regulations

Mt. Gox rehabilitation trustee Nobuaki Kobayashi has reviewed the claims filed by the exchange’s creditors and we’ve included his announcement in The Daily. Also, Caspian launches crypto derivatives trading in partnership with Deribit, Facebook is looking to hire a blockchain lawyer, and Swiss lawmakers have tasked the federal government with adapting existing regulations to cryptocurrencies.

Also read: Coins at Kiosks, Micropayment Solutions, Token Launchpad, GPU Inventory

Mt. Gox Trustee Completes Review of Claims

The rehabilitation trustee in the Mt. Gox case, Nobuaki Kobayashi, has completed the review of the claims filed by the users of the hacked exchange. According to an official announcement, Kobayashi has approved or disapproved the claims of the creditors concerning their rights to ask for the return of their funds from Mt. Gox and submitted the respective statements to the Tokyo District Court.

In the Daily: Mt. Gox Claims, Crypto Derivatives, Facebook Vacancy, Swiss Regulations

The English translation of the document, dated March 19, reveals that in the coming days the trustee will inform the claimants of the results of his review. Users who have filed their claims through the online filling system hosted on the Mt. Gox website will be able to check the results by logging into their accounts. Other creditors will be notified of the approval or disapproval of their rehabilitation claims via email.

Caspian Launches Crypto Derivatives Trading

Asset management platform Caspian, which works with institutional investors, has announced it’s now offering options and futures crypto trading. The new services will be provided through an integration with the crypto derivatives exchange Deribit. Caspian clients will have access to financial instruments based on bitcoin core (BTC) and ethereum (ETH). Perpetual crypto swaps will also be available.

According to a press release, Caspian connects to the Deribit platform via an API that supports high volumes with low latency, providing traders and investors with access to the exchange’s full options order book. Representatives of the company noted that no fee will be charged on deposits and withdrawals of funds from the platform. Clients will be offered leverage up to 100x.

Facebook to Hire Lawyer Experienced in Blockchain

Social media giant Facebook has recently announced a vacancy for a legal expert with blockchain experience. According to the ad, the future Lead Commercial Counsel will be expected to support the company’s “new initiative in the development of blockchain applications.”

In the Daily: Mt. Gox Claims, Crypto Derivatives, Facebook Vacancy, Swiss Regulations

“You will be responsible for drafting and negotiating a wide variety of contracts related to our blockchain initiatives, including partnerships needed to launch new products and expand such products internationally,” details the job posting published this week on Facebook’s website. The lawyer will also advise clients on the legal risks related to commercial transactions and general operations.

Although the announcement does not explicitly mention digital assets or cryptocurrencies, “experience with blockchain or payments technology” is among the minimum qualifications candidates are required to have. They should also have prior experience in dealing with the legal issues arising from blockchain applications and payment systems.

Swiss Lawmakers Want Crypto Regulations

The Federal Assembly, Switzerland’s legislature, has approved a proposal to task the Alpine nation’s government with adapting the existing provisions and procedures used by the judicial and administrative authorities so that they can be applied to cryptocurrencies. The motion filed by Giovanni Merlini, a member of the Swiss parliament, was approved in a 99 to 83 vote with only 10 abstentions.

In the Daily: Mt. Gox Claims, Crypto Derivatives, Facebook Vacancy, Swiss Regulations

According to an announcement published on the assembly’s website, Merlini insisted on the importance of closing the gaps in the protection against abuse in the crypto space. The lawmaker noted that cryptocurrencies could be issued to anyone via decentralized, peer-to-peer networks and warned that many of them are anonymous. This, in his opinion, favors extortion and money laundering.

The Federal Council, the Swiss central government, is now expected to clarify how the risks can be contained and whether entities operating crypto trading platforms should be subjected to supervision by the country’s financial watchdog, Finma.

What are your thoughts on today’s news tidbits? Tell us in the comments section.

Images courtesy of Shutterstock.

At there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post In the Daily: Mt. Gox Claims, Crypto Derivatives, Facebook Vacancy, Swiss Regulations appeared first on Bitcoin News.

Bitcoin News

Yep, It’s Another Privacy Problem for Facebook

March 21, 2019 |

Facebook left millions of user passwords readable by its employees for years, the company said Thursday, an acknowledgement it offered after a security researcher posted about the issue online. “Security rule 101 dictates that under no circumstances passwords should be stored in plain text, and at all times must be…

Trump is 'looking into' Facebook 'bias' as aide melts down over suspension

March 21, 2019 |

Trump is 'looking into' Facebook 'bias' as aide melts down over suspensionA Facebook spokesperson told Yahoo News that a system intended to stop bots had temporarily halted Dan Scavino’s ability to post comments, and that the company had apologized and restored his account.

Yahoo News – Latest News & Headlines

Man involved in scheme that bilked Facebook and Google out of $121 million pleads guilty

March 20, 2019 |

A Lithuanian man admitted he helped trick Facebook Inc. and Alphabet Inc.’s Google into sending more than $ 100 million through a phishing scheme.

The scheme netted about $ 23 million from Google in 2013 and about $ 98 million from Facebook in 2015, according to a person familiar with the case, who…

L.A. Times – Business

Facebook agrees to dismantle targeted system for job and housing ads after discrimination complaints

March 19, 2019 |

Facebook on Tuesday agreed to overhaul its lucrative targeted advertising system to settle accusations that landlords, lenders and employers use the platform to discriminate against African Americans, women, seniors, people with disabilities and others.

The far-reaching settlement compels Facebook…

L.A. Times – Business

Facebook says its local newsgathering service hindered by lack of local news outlets

March 18, 2019 |

Facebook’s effort to establish a service that provides its users with local news and information is being hindered by a lack of outlets where the company’s technicians can find original reporting.

The service, launched last year, is available in some 400 cities in the United States. But the social…

L.A. Times – Business

Facebook and Google broke down barriers to broadcast media — even for mass killers

March 16, 2019 |

The killing of 49 people at two mosques in Christchurch, New Zealand, was engineered to be viewed and shared on the world’s largest technology platforms, taking full advantage of Silicon Valley’s laissez-faire approach to content moderation.

It began with a racist manifesto uploaded to the document-sharing…

L.A. Times – Business

2 Top Execs Depart Facebook

March 14, 2019 |

Two top Facebook executives are leaving the company, including product chief Chris Cox, who was long one of CEO Mark Zuckerberg’s top deputies. Chris Daniels, who leads encrypted messaging app WhatsApp, will also depart Facebook, Zuckerberg wrote in a post announcing the news Thursday. It isn’t clear what future plans…

U.S. criminal probe of Facebook is said to extend to grand jury

March 14, 2019 |

A Facebook Inc. investigation by the U.S. Justice Department has broadened to include a grand jury, according to a person familiar with the matter, signaling an escalation in the ongoing federal probes of the company’s data-sharing practices.

A federal grand jury in New York subpoenaed records…

L.A. Times – Business

Facebook, Instagram and Messenger outage hits users worldwide

March 14, 2019 |

Your Facebook page isn’t the only one that’s down.

Users of Facebook Inc.’s namesake social network and two of the company’s popular other properties, Instagram and Messenger, experienced technical difficulties around the globe for hours Wednesday.

Reports on Downdetector, a website for reporting…

L.A. Times – Business