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Bitcoin Daily: Block.one Gets Patent For DLT That Monetizes Social Media Posts; Bitfinex Seeks US Subpoenas To Track Down $800M In User Funds

PYMNTS

Block.one, which is behind the EOSIO (EOS) protocol, now has a patent for a blockchain-based bidding system for promotional exposure for social media, according to Cointelegraph. The system could possibly monetize every single social media post on a given network for operators as well as content creators.

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Bitcoin Daily: Overstock CEO Shares Movement In Bitcoin Efforts; Russia Might Be Open To Crypto Trading

PYMNTS

Byrne told CNN Business that the social media giant’s launch of its own digital currency validates the space — and Overstock would be open to partnering with Facebook on the project. Patrick McDonnell, a scammer that called himself the “coyote of Wall Street,” has pleaded guilty to one count of wire fraud.

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Autopsy Report: 9 Startup Failure Stories And What We Can Learn From Them

CB Insights

Companies across industries from food delivery to mobile payments disintegrate for all kinds of reasons, from technology errors and logistical challenges to overspending and outright fraud. Founded in 2008, Klout’s central function was to assign users an influence score based on their social media activity across a variety of social networks.

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How AI Will Go Out Of Control According To 52 Experts

CB Insights

In Arizona, a self-driving Uber vehicle hit and killed a pedestrian (though there was a driver behind the wheel). Astrophysicist Neil deGrasse Tyson is never one to shy away from controversial opinions, particularly on social media. A Tesla Model 3 owner in California died while using the car’s Autopilot feature.