“Facebook’s U-turn On Crypto Ads”
Facebook had implemented the ban on cryptocurrency ads and promotional campaigns related to blockchains and ICOs back in January 2018. It was believed that the ban was to tackle concerns that users may get misled by fraudulent investments and spend their capital on initial coin offerings offered by unreliable cryptocurrency start-ups. However, the announcement itself did not list the reason behind Facebook’s u-turn on such ads. Many speculate that the current development is in keeping with the release of their own virtual asset, motivating them to change their stance on ads regarding cryptocurrency and blockchain on social media.
“Crypto Money-laundering Ring in Spain Nabbed”
Crypto money-laundering ring that was offering its services to other criminal enterprises has been dismantled in Spain. The Crime as a Service operation is believed to have laundered approximately $10.08 million (€9 million) using bitcoin and other cryptocurrencies. Guardia Civil (Spanish Civil Guard) arrested eight people in connection with the crime while charging eight more for involvement. Wallets containing 9 million euros were also frozen. This included 20 hot wallets and four cold wallets.
“New Version of Desktop Mining App for MacOS Users”
HoneyMiner, a desktop-based crypto mining application, has released a new version for MacOS users. HoneyMiner, which launched in July 2018, accesses your CPU or GPU and uses it to mine various cryptos. A central server points the connected machines at a certain target like ethereum, ethereum classic, zcash, monero and other GPU-friendly currencies. The HoneyMiner app takes 2.5% of the proceeds for multi-GPU machines and 8% from single GPU users.
“Mass Exodus on Bitfinex”
An ongoing investigation into iFinex Inc. seems to have caused an exodus of traders out of Bitfinex. An increasing number of users report issues with withdrawing funds from the platform. Moreover, approximately $430 million worth of Bitcoin and Ethereum have exited the exchange’s cold wallets. A sum of approximately 1,094,172 ether valued at $183 million, and 42,645 bitcoin worth $247 million, were withdrawn from the platform following the investigation.