TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto update from your favorite reporter, Linzerd. Facebook shareholders propose to oust Zuckerberg. Arthur Hayes of BitMEX thinks exchanges could issue short term bitcoin bonds. Dai raises its stability fee to counter market instabilities. The police use Google location data to solve crimes. IMF and World Bank launch their own cryptocurrency, and Romanian cryptojackers are convicted.
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Arthur Hayes Points to BitMEX Issuing Short Term Bonds
Artur Hayes, CEO of BitMEX, pointed out they are considering issuing some kind of short term bonds for bitcoin holders. “If I hold some bitcoin and I want to generate some income from it, it’s extremely difficult,” he stated. “I want to create a future where the highest quality exchanges and miners… issue short-term Bitcoin bonds to the ecosystem,” he declared, also stating lending solutions were quite risky at this time.
Facebook Shareholders Will Try to Oust Zuckerberg
Mark Zuckerberg, CEO and founder of Facebook, will face a stockholder proposal to try to oust him from the biggest social media company in the world, according to Business Insider. The proposal, called “Stockholder Proposal Regarding an Independent Chair,” makes the case for getting an independent executive as chairman due to the supposed mishandling of key cases like Cambridge Analytica and the fake news issue.
Dai Raises Its Stability Fee to Recover Dollar Parity
Dai, the stablecoin cryptocurrency issued based on Ethereum, has decided to raise what they call a “stability fee” to try and recover the parity of their stablecoin with the US dollar, broken since March 26. The community voted to raise the stability fee in 4%, bringing it to 11.5% in an effort to recover the parity and shield itself against new market movements and instabilities in the near future.
Police Use Google’s Data for Solving Criminal Cases
Google’s SensorVault data, a database that tracks the location of millions of phones at a worldwide level to deliver targeted ads depending on the area the phone is located, also serves other purposes. According to CNET, law enforcement agencies and police are using this information to locate certain people inside a crime scene by requesting geofence data about a place in a determined time. These requests have spiked, and now more than 180 requests have been received in a week.
IMF and World Bank Launch Own Cryptocurrency
The IMF and the World Bank are reportedly launching their own cryptocurrency, dubbed the “Learning Coin.” Based on a private blockchain, the coin will not have any value outside of the platform, and will just serve as a reward for people for learning how cryptocurrency works. Within the app, these currencies will be awarded by achieving learning goals, and they could be traded by real rewards to show how cryptocurrency spending works.
Romanian Duo Who Infected 400K+ PCs With Crypto Mining Malware Convicted
Bogdan Nicolescu and Radu Miclaus, two Romanians who infected more than 400,000 PCs, and used them to mine cryptocurrencies inadvertently and get users’ info from sites like PayPal and Facebook, were convicted recently. They also were able to get personal credit card info from several users, using this money to grow their criminal resources. The two Romanians managed their operation from Bucharest and were extradited to the US. The sentence will be issued August 14.
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