TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto update from your favorite reporter, Linzerd. Google allegedly conducting warrantless searches for the US. Bitcoin number one search term in China’s Google. Bitcoin futures market hits ATH. Veriblock uses more than a quarter of Bitcoin’s block space. Coinbase CEO compares business to strategy games, and 7 new scams added to Belgium crypto blacklist.
More Spice: Bitcoin White Paper Visualized
Google Helps Conduct Warrantless Searches
According to EPIC, the Electronic Privacy Information Center, a Washington based group, Google is helping the US government to conduct warrantless searches through the use of AI and image matching technology. The search engine could be using its reach to search files and images which would be out of the scope of the government agencies due to the Fourth Amendment.
Bitcoin Goes Tops Baidu Searches
— cnLedger (@cnLedger) April 4, 2019
Bitcoin has reached the top of the most searched terms in Baidu, one of the biggest Chinese search engines, known as the Chinese Google. The sudden rise in interest was caused by the recent price spikes that took bitcoin from the low $4K to the low $5K in just some days, attracting interest from all over the world. Google Trends also registered a rise in the popularity of the search term recently.
Bitcoin Futures Market Hit ATH
The Bitcoin futures market, that had faced lows in the past year, is now recovering and has hit all-time highs according to data from CME, a derivative trading group. Supposedly, the numbers reached 22,500 contracts traded, accounting for 112,700 BTC. The other bitcoin futures market, CBOE, announced earlier they would not offer bitcoin futures for the period while they reconsider their strategy.
Veriblock Project Using 27% of Bitcoin’s Block Space
Veriblock, a project using bitcoin to secure other blockchains, is now using more than a quarter of the Bitcoin block space, something that could cause trouble in the next bull run. If Veriblock keeps taking this space, fewer transactions can be introduced in every block, leading to congestion and a rise in fees that would affect transactions on the Bitcoin blockchain. However, this could be seen as an opportunity for promoting the not so popular Lightning Network, the second layer bitcoin solution, still in its early stages.
Coinbase CEO Compares Business to StarCraft2 and Civilization
Agree, I often find similarities in business to StarCraft 2 or Civilization. Collect resources, build infrastructure, scale economy. One major difference is that in games someone's has to lose, but business can often be win-win.
— Brian Armstrong (@brian_armstrong) April 6, 2019
Brian Armstrong, CEO of Coinbase recently compared his business with strategic games like Starcraft and Civilization. In an answer to a tweet, he mentioned he found “similarities” between these games and business dynamics. These games center around the efficient management of resources and manpower to achieve certain objectives, and according to Armstrong, this would be analog to management.
7 New Scams Added to Belgium Crypto Blacklist
Seven new cryptocurrency scams identified by the Financial Services and Markets Authority (FSMA), the Belgium economic watchdog, have been included in their crypto blacklist. Bearsmarkets.com, btckingdom.com, directco-invest.com, maisonducoins.net, novoplacement.com, ripae-homine.com, and tribelylimited.com attract people by offering secure earnings claiming to be experts, the agency warns. There are more 120 of these sites already included on this list.
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