TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto update from your favorite reporter, Linzerd. Telegram gains 3 million users due to Facebook’s outage. Mark Karpeles found guilty of document tampering in the Mt. Gox case. Cboe says bye-bye to bitcoin core (BTC) futures. Tom Lee talks about this year’s supposed bull run. Coinbase visits are dropping, and China’s subway subway system tests facial payment method.
Telegram Gains 3 Million Users During Facebook Blackout
The sudden Facebook app outage that left Messenger, Instagram and WhatsApp with limited functionality was the main cause of a three million rise in Telegram’s user base, the platform claimed. This was announced by Pavel Durov, creator and CEO of Telegram, who hinted, “I see 3 million new users signed up for Telegram within the last 24 hours. We have true privacy and unlimited space for everyone.”
Mark Karpeles Found Guilty in Mt.Gox Case; Avoids Jail
Mark Karpeles, the former CEO of Mt. Gox, one of the first crypto exchanges to implode after a massive hack, has been found guilty of tampering with financial records in the fallout. He will avoid jail time for now, and received a suspended sentence. He was acquitted on the charge of embezzlement, the toughest accusation he was facing, with the court finding he had not acted with ill intent.
Cboe Suspends BTC Futures Listings
The Chicago Board Options Exchange suspended the listing of bitcoin core (BTC) futures products, declaring they will assess their policies to see what their moves will be in the future. The Cboe declared that “while it considers its next steps, CFE does not currently intend to list additional XBT futures contracts.” However, the Chicago Mercantile Exchange (CME) will keep trading futures normally.
Fundstrat’s Tom Lee Bets on a Bull Run This Year
Tom Lee, the famous strategist of Fundstrat, an inversion boutique, declared to CNBC he thinks this year will mark another bull run for bitcoin due to its usability and acceptance of the tech behind it. “The real story is the fundamental one, that bitcoin’s becoming quite useful,” he explained. He also indicated institutions like Fidelity, Bakkt, JP Morgan and Mizuho will be key factors in a potential bull run.
Coinbase Visits Drop 20% Since Last Year
Coinbase experienced an important drop in the number of visits it has received since last year. According to numbers from SimilarWeb, a website traffic statistics portal, the amount dropped from 25.4 million visits in December 2018 to 20.49 million in February 2019, in what constitutes a decrease of almost 20%.
Paying With Your Face Will be a Thing in China
The Futian subway station in Shenzhen is now testing facial recognition technology that will allow users to pay ticket fare just with their face. The tech is permitting users to issue their payments by standing on the front of a device that will scan their facial traits, and will then deduct the transit free from an account paired with biometric information.
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