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One of the first regulated cryptocurrency exchanges, Gatecoin, has officially been taken over by liquidators following a series of hacks and banking problems. In a document sent to creditors of the exchange late last week, the liquidators state that “all powers of the directors of Gatecoin have ceased and the directors no longer have any authority to deal with the assets and/or undertakings of Gatecoin.” Gatecoin was one of the first regulated digital asset exchanges. Hailing from Hong Kong and launched way back in 2013, it focused primarily on Bitcoin, Ethereum, and Ethereum-based token markets. Back in 2016, the exchange suffered…
As Mark Zuckerberg recently wrote, “free and fair elections are the heart of every democracy.” Despite controversy over Facebook’s role in Federal elections and misinformation campaigns, he makes an excellent point. I know this all too well from personal experience. Born and raised in South Africa during apartheid, I was born without voting rights. Witnessing the rise of Nelson Mandela and seeing first-hand how democracy and elections can transform a nation, it left a lasting impression on me. As an entrepreneur, I always dreamed about creating a platform for democracy, and I always thought that a mobile voting platform would…
It looks like Mark Zuckerberg’s now into blogging. In an op-ed in the Washington Post, the Facebook CEO asked governments around the world to consider introducing more transparent rules for moderating content on the internet. Zuck said that the authorities need to upgrade regulations in four key areas: harmful content, election integrity, privacy, and data portability. Notably, Facebook‘s recent announcements address most of these topics. Last week, the social network announced it’ll weed out white supremacist content, following a terrorist attack on a mosque in New Zealand last month. COO Sheryl Sandberg also revealed the company’s considering limiting live streaming features, after the incident. But as my colleague Abhimanyu noted…
Welcome to CHEAP, our brand-new series about things that are good, but most of all, cheap. CHEAP! This is my hype. A subwoofer from a fantastic audio brand with a powerful $136.03 off its list price? Yes, I will show you how to get hold of the Klipsch R-12SW. Go here, buy it, and bask in your brilliant decision. Before I added a subwoofer to my audio set-up, I was under the impression that it was only useful for bass-heavy music. Yeah, it’d make all the boom-bap East Coast rap I love pop, but would it add anything to all the soft…
If its latest job posting is anything to go by, the US Securities and Exchange Commission‘s (SEC) could be stepping up its involvement in the cryptocurrency world. The SEC is looking for an “Attorney Adviser” to operate as a “Crypto Specialist,” according to a job listing posted on federal employment website USAJobs. Applications opened on March 29 and close on April 15. The specialist is expected to have an intimate knowledge of “federal securities laws to digital asset securities and crypto matters,” according to the listing. What’s more, the successful applicant should have a JD or LLB law degree and…
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Facebook is cracking down on fake accounts before India’s election
The first phase of the Indian Assembly’s election kicks off on April 21, but the increase in propaganda has already begun. Facebook has announced it’s removed numerous pages and accounts that used practices like fake accounts and cross-posting to increase their spread. In a post, the company’s Head of Cybersecurity Policy, Nathaniel Gleicher, said that it removed over 800 pages and accounts on Facebook and Instagram related to ISPR (Inter-Service Public Relations) of the Pakistani military, opposition party Indian National Congress’ (INC) IT division, and pages supporting the ruling Bhartiya Janta Party (BJP)related to an Indian IT firm, Silver Touch. The 103 ISPR…
In Canada, authorities have seized luxury cars and frozen bank accounts owned by the ringleaders of FUEL, an allegedly fraudulent $22-million initial coin offering (ICO) from 2017. Court documents claim “blockchain services company” Vanbex raised $22 million (CAD$30 million) in cryptocurrency and fiat by with absolutely no intention to develop the FUEL token, reports CoinDesk. Instead, Canada‘s director of civil forfeiture said Vanbex founders Kevin Hobbs and Lisa Cheng used the money to fund a lavish lifestyle, which included the purchase two new Land Rovers, a $3 million (CAD$4 million) Vancouver condominium, as well as the leasing of a Lamborghini Aventador S.…
I’ve been to hell and back – and I loved every minute of it. I took a full week off to play FromSoftware’s latest game Sekiro: Shadows Die Twice. It kicked my ass, it made me question my life choices, then I kicked its ass and I felt rejuvenated. This past week has easily been among my favorite video game experiences of all time. FromSoftware is a storied Japanese developer best known for the Dark Souls games, and Sekiro is the latest evolution of that ‘series.’ I use that word loosely because Sekiro and Dark Souls are completely unconnected in…
Imagine. You spend your formative high school years with your nose in a weighty textbook, at the same time avoiding parties and dating. Then, clutching a 4.0 GPA, you head to a top-tier university to study Computer Science. Four years and a mountain of student debt later, you start your Master’s Degree. The goal is to land a job at a top-tier tech firm, like Facebook, Apple, or Amazon. And you do. Your job is now to count things. It sounds like a joke, but that’s pretty much what happened to one of my friends. It turns out that counting…
