TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto update from your favorite reporter, Linzerd. Facebook calls for government regulation. US Securities and Exchange Commission (SEC) looking to hire a crypto specialist. Bitmain announces Antminer-Less, based on their first GPU development. Binance research discovers irregularities in Augur, and the FUEL scam initial coin offering (ICO) is being investigated in Canada.
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Facebook Wants Regulation to Actually Happen
Mark Zuckerberg, CEO and founder of Facebook, called for new government regulation in some key aspects of internet and social networks on a personal article posted on his Facebook account. According to him, there are four key aspects that need to be studied and scrutinized by external sources: Harmful content, election integrity, privacy, and data portability. “Regulation could set baselines for what’s prohibited and require companies to build systems for keeping harmful content to a bare minimum,” he stated.
SEC Looking to Hire Crypto Specialist
The Securities and Exchanges Commission posted a new job announcement seeking a crypto specialist to aid in their activities regarding digital asset securities. One of the responsibilities listed for the job is to coordinate “with TM staff to establish a comprehensive plan to address crypto and digital asset securities and engaging with other Divisions and Offices on such matters,” and also to provide “expert level comment on policy and workstreams.”
Bitmain Announces Antminer-Less for GPU Lovers
Bitmain, the world’s largest mining manufacturer, announced launch of their latest Antminer development, the Antminer-Less. Based on their first GPU development batch, the Antminer-Less “packs a third of the electricity efficiency of its predecessor and delivers a 100 percent reduction in hashing power,” according to their blog announcement. Powered by their new GPU-0 chip, its motto is “less is more.”
Binance Discovers Irregularities in Project Augur
Binance Research, the investigative arm of the popular exchange, took a look at Augur, a relatively new prediction market, and found several irregularities and vulnerabilities in its operation. Among the issues, they identified several key points: low liquidity of the platform, settlement, and complex voting. Also, the heterogeneous UI causes some markets to be more visible than others, having more exposure to the users.
FUEL ICO Investigation Ongoing in Canada
FUEL, an allegedly fraudulent ICO launched in 2017, is being investigated by the Canadian authorities, who have already seized several properties associated with ringleaders of the operation. Among these properties are two brand new Land Rovers, a luxury condominium, and also the leasing of a Lamborghini Aventador. The ICO raised 22 million dollars.
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