TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto update from your favorite reporter, Linzerd. Facebook blocks ZeroHedge links. Square featured on London Stock Exchange ETF. QuadrigaCX allegedly traded against their own customers. CoinEX will keep serving global users. CFTC fines 1Pool with $990K, and the CRYPTO movie trailer released.
Facebook Blocks ZeroHedge Links
Facebook has again put itself in the eye of the hurricane by banning popular news platform ZeroHedge links, rendering all the links of its articles in any post useless. When a user clicks on a ZeroHedge link, the result is a pop-up window saying, “the link that you tried to visit goes against our community standards.” The reason for this has not been clarified by Facebook, but it is another in a long line of censorship moves.
Square Included on Blockchain ETF In London
Square, the payment company that introduced bitcoin payments last year with much success, is among the companies featured in a new ETF introduced on the London Stock Exchange by two companies: Invesco, an American company, and Elwood, a Britain based corporation. Despite being traded in the UK, a number of important companies are American, like Square and Overstock.
QuadrigaCX Allegedly Traded Against their Own Customers
A Redditor discovered QuadrigaCX, the Canadian crypto exchange now on creditor protection due to the death of its CEO, allegedly traded against their own customers using fake accounts credited with non-existent money. This would explain why the exchange experienced delays with customer withdrawals. Apparently, some of their cash volumes were faked and not reachable within the platform, effectively running a fractional reserve bank of a kind.
CoinEX Will Keep Serving Global Users
CoinEx will continue serve the global users. https://t.co/YTQ35tBeUq
— Haipo Yang (@yhaiyang) March 11, 2019
Haipo Yang, founder and CEO of CoinEX crypto exchange, attempted to reassure customers around the world the company would continue to serve customers outside of China. The exchange recently announced it would ban Chinese customers due to new rules and regulations in the country.
CFTC Fines Crypto Platform 1Pool With $990K
The American CFTC has ordered Marshall Islands-based cryptocurrency securities dealer 1Pool to pay $990K in fines, earnings, and restitution due to lack of registration as a futures dealer and not complying with US anti-money laundering policies. The firm is liable to these because they sold their products to US-based customers, who will be reimbursed of their initial investment of 93 BTC, valued by the commission at $570K. The SEC was also involved in the investigation.
CRYPTO Movie Trailer Released
The trailer of CRYPTO, a movie featuring a plot where cryptocurrencies are involved, has been released on YouTube. A Wall Street banker is trying to discover the link between a small art gallery and the Russian Mafia supposedly laundering money with cryptocurrencies. The trailer shows a Coinbase account credited with 10 million dollars worth of bitcoin smashed between a slew of action-packed scenes. The film will premiere this year.
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