TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto update from your favorite reporter, Linzerd. Facebook harvested millions of users’ email contacts inadvertently. Deutsche Bank to face heavy sanctions due to its involvement in the Troika Laundromat scandal. Brave Rewards comes to Android. Bitcoin SV blocks reorg’d. NYDFS explains why Bittrex’s application for the BitLicense was denied, and big corporations appear inclined to invest in crypto “plumbing.”
More Spice: Bitcoin White Paper Visualized
Facebook Harvested Millions of Email Contacts from 1.5 Million Users
Facebook harvested millions of email contacts from 1.5 million users almost three years ago. The company admitted as much, recognizing they had “inadvertently” uploaded these contacts when users were verifying email and passwords, and were required to sign up for a new account. This info was supposedly used to build a map of their relationships and help users identify useful contacts and recommend new ones. Facebook declared these contacts were not used for any other purpose and are being deleted.
Deutsche Bank Facing Heavy Sanctions
Deutsche Bank, one of the most recognized European banks, could face important legal reprimands, fines and even get their senior staff detained due to involvement with the Troika Laundromat incident. More than $80 billion dollars were laundered with the help of different institutions, and even from Kremlin officers. Despite severing these contacts, the bank admits it will face client attrition and expects an important drop with regard to investments in the coming years due to its brand having been damaged.
Bitcoin SV Experiences a Reorg
Whoops! $BSV has experienced yet another reorg, this time 6 (six!) consecutive blocks were orphaned (#578640–578645), this chain included a 128 MB block #578644 🤦♂️ The network was basically stuck for 1.5 hours, and this shows that even 6 confirmations are not enough 🤷♂️ pic.twitter.com/dwGZmUCqtm
— Nikita Zhavoronkov (@nikzh) April 18, 2019
According to Nikita Zhavoronkov, a lead developer from Blockchair, a blockchain explorer, the Bitcoin SV blockchain has suffered a reorg, with six blocks being orphaned. The information security specialist also informed how the blockchain was stuck for almost an hour and a half, with one of the blocks being orphaned having more than 120 MB of data. Despite this, no transactions have been reported lost by users.
New York Explains Why They Rejected Bittrex’s BitLicense Application
The New York Department of Financial Services published an OpEd where they attempt to set the facts straight on the issue of denying Bittrex, a crypto exchange, the BitLicense required to operate. The NY institution mentioned three key facts for its decision: the strange semi-automatic, semi-manual method of monitoring transactions that introduces risk in trading, their lax KYC policies, and also their informal, non-methodical cryptocurrency listing criteria. The NYFDS claims Bittrex had to correct these issues and failed.
Brave Rewards Comes to Android
Brave Rewards, the Brave Browser initiative that lets users tip their favorite sites with their own token (BAT), arrived forthe Android version of the browser. They are also distributing more than 100,000 BAT grants of 5 dollars to the users who sign to Brave Rewards. Users will be able to tip sites automatically or select their tip amounts on a site by site basis. In the next version of Brave, Brave Ads, a feature that allows users to earn money by viewing ads, will be introduced.
Big Corporates Investing More in Crypto Infrastructure than in Crypto Itself
Big companies, funds, and venture capital are investing in crypto plumbing rather than in actual cryptocurrencies, understanding crypto plumbing as the development of platforms that make use of blockchain and cryptocurrencies to achieve a certain function or goal. According to Reuters, tokenization is one of the big promises driving a great deal of attention and money behind the moves, with mining and exchanges being also interesting investment choices. $850 million has been invested in these items, PitchBook data shows.
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