a couple of laughzillas on a blue diamond background

US Department of Justice is investigating Tether for market manipulation

Nov20
by on November 20, 2018 at 12:00 pm
Posted In: Around the Web, cryptocurrency, Hard Fork


It seems US authorities aren’t yet done with controversial cryptocurrency Tether. The ‘USD-backed’ stablecoin is now being probed by the country’s Justice Department, according to a Bloomberg report. The US Department of Justice (DOJ) and Commodity Futures Trading Commission (CFTC) together launched a criminal probe into cryptocurrency market manipulation in May. The investigations have now zeroed in on a possible nexus involving Bitcoin, Tether, and cryptocurrency exchange desk Bitfinex as being responsible for illicit trading practices that led to a massive surge in the cryptocurrency market late last year. As part of the probe, the Justice Department is looking into Tether’s claim of being USD-backed,…

This story continues at The Next Web

└ Tags: ,
a couple of laughzillas on a blue diamond background

Cryptocurrency-related lawsuits are mooning, up 300% from last year

Nov20
by on November 20, 2018 at 11:11 am
Posted In: Around the Web, cryptocurrency, Hard Fork


Here’s an extraordinary fact about the 2018 bear market: business for Bitcoin-lawyers is booming. Forty-five lawsuits involving cryptocurrency were filed in the first half of this year, reports blockchain research unit Diar. That’s triple the amount of all the lawsuits filed last year. This is not the moon we were looking for. Diar emphasizes the US Securities and Exchange Commission (SEC) as a primary contributor to this trend. It notes the SEC is responsible for 30 percent of the cases filed, and recent moves have indicated there are to be loads more. Last week, it revealed a veritable hard-on for cryptocurrency startups that fail to register…

This story continues at The Next Web

└ Tags: 
a couple of laughzillas on a blue diamond background

Cryptocurrency-related lawsuits are mooning, up 300% from last year

Nov20
by on November 20, 2018 at 11:11 am
Posted In: Around the Web, cryptocurrency, Hard Fork


Here’s an extraordinary fact about the 2018 bear market: business for Bitcoin-lawyers is booming. Forty-five lawsuits involving cryptocurrency were filed in the first half of this year, reports blockchain research unit Diar. That’s triple the amount of all the lawsuits filed last year. This is not the moon we were looking for. Diar emphasizes the US Securities and Exchange Commission (SEC) as a primary contributor to this trend. It notes the SEC is responsible for 30 percent of the cases filed, and recent moves have indicated there are to be loads more. Last week, it revealed a veritable hard-on for cryptocurrency startups that fail to register…

This story continues at The Next Web

└ Tags: 
a couple of laughzillas on a blue diamond background

Instagram is using machine learning to kill off your fake followers

Nov20
by on November 20, 2018 at 11:10 am
Posted In: Apps, Around the Web


Don’t freak out if you see your Instagram audience shrink in the near future. The company announced that it’s kicking off a clean-up drive to remove bots and fake accounts from its platform, and that may well lead to a drop in your follower count. The Facebook-owned firm, which claimed to have over a billion users worldwide in June, noted in a blog post that it will start taking action on accounts with “inauthentic activities:” Starting today, we will begin removing inauthentic likes, follows and comments from accounts that use third-party apps to boost their popularity. We’ve built machine learning tools to…

This story continues at The Next Web

Or just read more coverage about: Instagram

└ Tags: ,
a couple of laughzillas on a blue diamond background

Instagram is using machine learning to kill off your fake followers

Nov20
by on November 20, 2018 at 11:10 am
Posted In: Apps, Around the Web


Don’t freak out if you see your Instagram audience shrink in the near future. The company announced that it’s kicking off a clean-up drive to remove bots and fake accounts from its platform, and that may well lead to a drop in your follower count. The Facebook-owned firm, which claimed to have over a billion users worldwide in June, noted in a blog post that it will start taking action on accounts with “inauthentic activities:” Starting today, we will begin removing inauthentic likes, follows and comments from accounts that use third-party apps to boost their popularity. We’ve built machine learning tools to…

This story continues at The Next Web

Or just read more coverage about: Instagram

└ Tags: ,