Image Of The Day, 15 Of August: СNBC, Quartz, Bloomberg and others

We're presenting «image of the day». Bitnewstoday.com has chosen only the freshest and most important news about the digital economy and virtual currencies. Only the most valuable stories from only the trusted sources. Each and every event from this list will change the world of the digital economy either way. The most important of today's stories in most indicative quotes are below!

1. $224 MILLION DOLLAR LOSS (CNBC)

A US investor filed a $224 million lawsuit against AT&T on Wednesday, accusing the telecommunications giant of negligence that allegedly caused the California resident to lose roughly $24 million in cryptocurrency.

In a 69-page complaint filed in U.S. District Court in Los Angeles, Michael Terpin claimed that because of "AT&T's willing cooperation with the hacker, gross negligence, violation of its statutory duties, and failure to adhere to its commitments in its Privacy Policy," he lost nearly $24 million worth of cryptocurrency.

2. CARIBBEAN COIN (news.bitcoin)

Caribbean Central Bank Explores Issuing Its Own Digital Coin

Centrale Bank van Curaçao en Sint Maarten (CBCS), the central bank for the Netherlands Antillean guilder, is set to explore the feasibility of issuing a digital guilder to facilitate financial payments within the monetary union of Curaçao and Sint Maarten. For this purpose, the bank signed a Memorandum of Understanding (MOU) with Barbados-based Bitt Inc, a crypto company which is part of the portfolio of Overstock.com’s Medici Ventures.

“The MOU clears the way for collaboration and information sharing regarding a feasibility study, designed to determine the viability and functionality of using a central bank-issued digital guilder within the financial ecosystems of each member, and across both members of the monetary union,” explained Rawdon Adams, CEO of Bitt.

3. BLOCKCHAIN ABC (QUARTZ)

China’s Communist Party published a guide to the blockchain

The publisher of the Communist Party-affiliated newspaper, People’s Daily, has published a blockchain guide called Blockchain—a Guide for Officials, the state-run paper announced earlier this week. The book appears to have gone online last month and is aimed at helping top Communist officials better understand a technology that the party seems pretty excited about, as long as it can control it.

According to a description on Chinese e-commerce site JD.com (link in Chinese), the book is compiled of around 20 articles previously published in state-run media such as People’s Daily, Economic Daily, and Guang Ming Daily, written by entrepreneurs, heads of financial media groups, and blockchain experts.

4. CANADIAN TEST (Bloomberg)

BMO, Ontario teachers' test Canadian debt issuance on the blockchain

Bank of Montreal and Ontario Teachers’ Pension Plan tested a Canadian-dollar debt deal over blockchain, a further step in determining the viability of the new technology in fixed-income markets.

Bank of Montreal sold C$250 million ($190 million) of one-year floating rate deposit notes to the Ontario pension fund and used blockchain technology to mirror the transaction, the Toronto-based lender said Wednesday in a statement. The bank’s BMO Capital Markets unit built a settlement system using blockchain, with the prototype allowing issuers and buyers to view transactions on the distributed ledger system.

5. PLAYBOY IS PISSED (Business Insider)

Playboy's parent company Playboy Enterprises is suing a Canadian based cryptocurrency company called Global Blockchain Technologies (BLOC) alleging fraud and breach of contract.

Playboy Enterprises is alleging that BLOC failed to live up to its end of the contract. Now, the Beverly-Hill based adult entertainment site is claiming that in the three months since the deal was made, BLOC has yet to integrate its tech into Playboy's platform and that it also hasn't paid the $4 million it promised to Playboy as a part of the deal.

6. A $3 Billion IPO (Bloomberg)

Crypto’s Millennial Mining Tycoon Is Planning a $3 Billion IPO

Bitmain Technologies Ltd., the world’s biggest producer of cryptocurrency mining chips, is planning a Hong Kong initial public offering that could raise as much as $3 billion.

The Beijing-based company, whose 32-year-old co-founder Jihan Wu is one of the most potent players in crypto, plans to file a listing application with the Hong Kong stock exchange as early as September, according to the people. Bitmain closed a private funding round in the past few weeks valuing the company at about $15 billion, one of the people said, asking not to be identified because the information is private.

7. PROFESSIONAL FANTASY FOOTBALL (CNN)

8. TEN EXPERTS DEBATE (CNBC)

Ten experts debate bitcoin's recent declines and the future of cryptocurrency

Bitcoin's price was above $8,000 at the end of July. Now, in the middle of August, the cryptocurrency is down to around $6,500.

Bullish experts liken bitcoin to early Internet companies like Intel or Microsoft. These companies took a while to find their footing before having success. Bearish experts, on the other hand, fear bitcoin and other cryptocurrencies are part of a speculative bubble.

9. THE END? (Independant)

When bitcoin was booming, so were the crypto bros

Crypto bros were trumpeting their good fortune all over the internet, to the point that the term “crypto bros” was coined. The hype was ramped up even further by tales of Bitcoin millionaires, propelled to a life of luxury with a few well-timed trades. Now it’s not going so well, they’ve gone quiet. More regulation might encourage a bit of restraint next time the market picks up – if it does. If cryptocurrency really is going to be the way of the future, it can’t be a market that only the privileged few can survive.

10. BILL HARRIS IS NOT IMPRESSED (CNBC)

“Bitcoin is useless as a payment mechanism and ridiculous as a store of value,” says ex-PayPal CEO

Harris, who is also a founder of Personal Capital Corporation, came out swinging against bitcoin in an April op-ed in which he called the cryptocurrency a "colossal pump-and-dump scheme, the likes of which the world has never seen."

"The cult of bitcoin [makes] many claims — that it's instant, free, scalable, efficient, secure, globally accepted and useful — it is none of those things," said Harris.