TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto update from your favorite reporter, Linzerd. YouTube disables hateful comments on a congressional hearing. Bitstamp receives NY BitLicense. Expanse raises $70 million in a new investment round. KPMG survey finds 67% of companies are not using blockchain. QuadrigaCX exchange declares bankruptcy, and Jonald Fyookball explains why bitcoin cash is best.
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Youtube Disables Hateful Comments During Hearing on White Nationalism
YouTube disabled the comments section during a US congressional hearing about hate crimes and white nationalism because they became too hateful. The comments section was filled with hate speech and white nationalist memes even before the hearing started. “Hate speech has no place on YouTube,” a spokesperson told BuzzFeed, confirming they were indeed responsible for the action.
Bitstamp Receives NY BitLicense
Bitstamp, a European cryptocurrency exchange, received the BitLicense from the state of New York, which amounts to permission to conduct fintech related operations. With this license, now Bitstamp will be able to expand their operations to the US. It is the fifth such permit given by the state this year. Bitstamp, having applied for the license back in June 2015, is one of the first exchanges that opted to obtain it.
Expanse Raises $70 Million in New Funding
Expanse, a company that lets investors explore vulnerabilities on their digital assets, raised $70 million in new funding, according to an article by TechCrunch. The company, backed by Peter Thiel, co-founder of Paypal, specializes in detecting vulnerabilities and informing their customers about it.
Most Corporations are Not Using Blockchain, KPMG Survey Finds
A survey by KPMG, a worldwide famous auditing firm, found most corporations still don’t use blockchain in their operations. The company surveyed 450 respondents, and 67% answered that blockchain was not used by them in any way. However, 60% acknowledged they would adopt the tech happily in order to automate tasks within their organizations.
QuadrigaCX Exchange Declares Bankruptcy
QuadrigaCX, the exchange that lost access to its funds due to the death of its founder, has at last declared bankruptcy. The appointed handler, Ernst & Young, will have the task of trying to regain control of missing funds to reimburse customers. Despite all this, no one has been directly accused of formal wrongdoing in the case, and while hope is still present there is little possibility of customers regaining control of their funds. However, EY will try to retrieve almost $70 million in pending transactions through payment processors.
Jonald Fyookball Explains Bitcoin Cash’s Superiority
Jonald Fyookball, a Bitcoin Cash developer, wrote a new article that explains why Bitcoin Cash is superior to the most popular cryptocurrencies out there now such as Bitcoin, Ethereum, Dash, Monero. The reasons are explained in a simple way, making a comparison on fees, supply, scalability, and community support, and Fyookball finds Bitcoin Cash wildly superior to every cryptocurrency out there.
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