Tightening up post-election, Facebook bans some ads... starting with those promoting ICOs

Leo Zhang

By Leo Zhang

After its failure to filter Russia-linked fake news and incendiary ads during the 2016 election, Facebook is cracking down on advertisers--beginning with the promotion of Initial Coin Offerings (story below). In his annual note a few weeks ago, CEO Mark Zuckerberg made oblique reference to cryptocurrency technologies, saying: "One of the most interesting questions in technology right now is about centralization vs decentralization. A lot of us got into technology because we believe it can be a decentralizing force that puts more power in people's hands."

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News

New ads policy: improving integrity and security of financial product and services ads (Facebook Business, by Rob Leathern)

"We’ve created a new policy that prohibits ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings and cryptocurrency."

Samsung enters the Bitcoin mining ASIC manufacturing business (Bitcoin.com, by Avi Mizrahi)

"It has earlier signed a contract with a Chinese bitcoin mining hardware maker to supply it with chips, and already started mass production in January."

Renaissance hedge fund sees 'significant' risk of correction (Bloomberg, by Saijel Kishan)

"'While accelerating global growth, corporate tax reform and a business-friendly administration in the U.S. have contributed to market gains, it’s not clear these factors justify current valuations, especially in light of sovereign debt levels,' Ed Hubner, the quant firm’s head of risk control, wrote in a December letter sent to clients this month."

Commentary

Decade of easy money turns the bond market upside down (WSJ, by Matt Wirz)

"The force driving the race to the bottom in leveraged loan rates is the same one causing the feeding frenzy in other credit markets: Investors reaching further for yield in response to central bank policy. With most triple-A Treasury bonds paying negligible yields, banks and insurers from Tokyo to New York are buying more investment-grade corporate and securitized bonds to boost returns."

Technology and the mind: an existential psychotherapist’s thoughts on the meaning of tech (Hackernoon, by Stephen Cognetta)

"We are in a period of ubiquitous optimizing — a neoliberal mindset with a belief that we can find the best way to accomplish everything. And in a great number of ways this is true. Yet what is suggested by psychology, in particular existential psychology and philosophy, is that there are aspects of life not to be optimized if we are to be satisfied."

Apple's face ID is another step toward the end of anonymity (Medium, by Benjamin Power)

"The Fifth Amendment protects individuals from being compelled to be witnesses against themselves in a criminal case, and this same type of protection extends to the information in our phones. You don’t have to unlock your phone for a police officer, but the law isn’t clear about the implications of biometrics, such as fingerprint or facial recognition."

Technical

Samsung unveils massive 800GB SSD for AI, supercomputing, IoT (Techrepublic, by Connor Forrest)

"The introduction of the SZ985 Z-SSD shows that Samsung is serious about continuing to target the enterprise storage and data center markets. It's also a sign that elements of supercomputing may becoming commoditized and could find their way more readily into business applications in the next few years."

Updates

ZenCash is now listed on the world-leading digital asset exchange OKEx. Trading starts on Feb 1st. Twitter

The Arizen v1.1.3 upgrade now includes Linux compatibility and allows users to import private keys from swing wallet. Github

Particl announces that users can setup cold staking node so that the each staking reward is automatically sent to any address rather than the same address which staked the block. Twitter

SiaCoin announces that they are looking for four full-time developers. Reddit