News Platforms 

Creators on Instagram and other platforms made nearly $7 billion, study says

“According to the study, nearly 17 million Americans earned an estimated $6.8 billion across nine internet platforms in 2017” writes Matt Binder for mashable.com. Creators in the U.S. are earning more than ever on internet platforms like Instagram, YouTube, and Tumblr — nearly $7 billion, according to a new study.Out of all the U.S. states, researchers found that California has the most people generating earnings online with more than 3.2 million creators, followed by New York with nearly 2 million creators, and Texas, with more than 1 million creators.The report…

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News Platforms 

EU clinches copyright overhaul deal, tech giants in focus

“Negotiators from the EU countries, the European Parliament and the European Commission clinched a deal after day-long negotiations” writes Min Read for reuters.com. Google’s YouTube and Facebook’s Instagram and other sharing platforms will be required to install upload filters to prevent users from uploading copyrighted materials.Under the new rules, Google and other online platforms will have to sign licensing agreements with rights holders such as musicians, performers, authors, news publishers and journalists to use their work online.Europeans will finally have modern copyright rules fit for digital age with real benefits…

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News Platforms 

GOOGLEFACEBOOK Forced to Pay Creators Under New EU Rules…

“But the copyright rules provoked years of lobbying on all sides, with free-speech activists saying they could result in censorship online” writes Natalia Drozdiak for yahoo.com. (Bloomberg) — Online platforms will be required to compensate publishers and creators for the content that appears on their websites, under new European Union copyright rules that could shrink access to online media in Europe.If artists and music producers refuse to grant platforms licenses, tech firms will be required to remove or block uploads. Source: yahoo.com

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Crypto Futures News Platforms 

Indonesia: $70 Million Capital Requirement for Bitcoin Futures Sparks Anger

“Cryptocurrency traders are unhappy with regulators in Indonesia after it emerged Bitcoin (BTC) brokers now needed over $70 million to launch futures trading” writes William Suberg for cointelegraph.com. However, in a surprise addition to the final bill, those trading platforms are required to have 1 trillion rupiah ($71.17 million) minimum capital.Following new regulations which came into effect last October, trading platforms wishing to offer cryptocurrency-based instruments can do so, while cryptocurrency use remains banned.According to Oscar Darmawan, CEO of local cryptocurrency exchange Indodax, the sums involved are even more than…

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AUD Markets News Platforms 

Regulation needed to curb Facebook and Google, watchdog says

“In the past three years, Google and Facebook are estimated to have captured 80% of the growth in digital advertising” writes Amanda Meade for theguardian.com. The production of news and journalism cannot be left entirely to market forces and regulation is needed to curb the power of Facebook and Google, the competition regulator says.The preliminary report recommended a powerful new authority to oversee the commercial activities of Google and Facebook.The ACCC chairman, Rod Sims, says the digital platforms inquiry, which delivered its preliminary report in December, revealed that the market…

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News Platforms 

Paris seeks $14 million from Airbnb for illegal adverts

“FILE PHOTO: The logo of Airbnb is displayed at an Airbnb event in Tokyo Thomson Reuters PARIS (Reuters) – The City of Paris is suing Airbnb for publishing 1,000 illegal rentals adverts, which could cost the American rental website more than 12.5 million euros ($14 million), the mayor of Paris told a newspaper in an interview published on Sunday” reports businessinsider.com. France passed a law in 2018 which makes companies such as Airbnb punishable by fines of 12,500 euros per illegal posting, a new provision Paris will use to challenge…

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News Platforms 

Rejoice! Netflix, Hotstar and Amazon Prime will not censor content in India

“A few months ago, it was being said that streaming video platforms such as Amazon Prime, Netflix are others needed additional licensing and permissions in India” writes Aakash Jhaveri for mashable.com. Basically, they wanted censorship over our beloved OTT platforms because of content that was PG13 in nature.The reason why so many young adults moved to Netflix and Amazon Prime, was to be in control of what they want to watch, and when they want to, without a third-party calling the shots. Source: mashable.com

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Crypto News Platforms 

Blockchain-Based Digital ID Systems Are Increasingly Finding Real-World Use

“There is hope that blockchain-based platforms will play an increasingly important role in securing digital ID and personal data in the future” writes Simon Chandler for cointelegraph.com. The existence of blockchain-based, yet centralized digital ID platforms may potentially cause confusion among organizations and the general public.Blockchain and digital ID platforms have already come a long way since last year.Phillip Windley, for one, also thinks the waters will be muddied further by the emergence of ‘blockchain-based’ platforms that aren’t truly decentralized. Source: cointelegraph.com

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News Platforms 

Airbnb Is Accused Of Destroying Cities. This Company Says It’s The Ethical Alternative.

“The company pledges to give half its profits to local projects, such as housing for neighborhood associations, nonprofit food cooperatives or community gardens” writes On Assignment For for huffingtonpost.com. The company also promises to share data with regulators to help enforce local rules, and ensure each host rents out only one home. Source: huffingtonpost.com

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News Platforms 

Italy-based Fairbnb intends to invest half its profits back into the community.

“The company pledges to give half its profits to local projects, such as housing for neighborhood associations, nonprofit food cooperatives or community gardens” writes On Assignment For for huffingtonpost.com. The company also promises to share data with regulators to help enforce local rules, and ensure each host rents out only one home. Source: huffingtonpost.com

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