Image Of The Day, 17 Of August: Forbes, Business Insider, CNBC 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. VITALIK WAS NOT IMPRESSED (Business Insider)
Vitalik Buterin, the multi-millionaire founder of Ethereum, says that Google tried to hire him on an intern's salary
Ethereum co-founder Vitalik Buterin tweeted out a photo of what appeared to be a job offer from Google earlier this year. Many speculated that Google was attempting to hire Buterin for a secret cryptocurrency project.
Buterin says that a Google representative tried to hire him at an intern's salary, most likely because he matched the company's recruitment profile.
2. CRYPTO BAIL (The Next Web)
San Francisco judge orders bail payment in Bitcoin
A federal judge in San Francisco has ordered a cyber-criminal to pay their bail charges in Bitcoin, inadvertently stimulating cryptocurrency mainstream adoption.
Federal Judge Jacqueline Corley ordered the defendant to pay the equivalent of $750,000 in Bitcoin or other cryptocurrencies, to be released on bail. Given the volatility of cryptocurrency, the amount required to pay this sum will be changing on a daily basis.
3. WE CAN FIX IT (Forbes)
Former Lehman Brothers Investor Believes Blockchain Technology Can Fix Broken Pension System
A pension crisis is brewing across the globe and the problem is only getting worse. In America alone, many states do not have enough money to pay benefits promised to government workers.
Anastasia Andrianova, a former Lehman Brothers private equity investor and Founder and CEO of Akropolis, has watched the pension crisis unfold firsthand. Not only has Andrianova been involved in the finance industry for years, but her Eastern European roots have allowed her to see what happens during times of economic difficulties.
4. OF BLOCKCHAIN AND AI (Bloomberg)
Sensyne begins trading on AIM
Paul Drayson, chief executive officer at Sensyne Health, discusses how his company uses artificial intelligence to analyze clinical data of patients, how it helps the pharmaceutical discovery process, how they could utilize blockchain, what excites investors about the technology, why this is the right time for them to IPO, and his concerns over Brexit. He speaks on "Bloomberg Daybreak: Europe.
5. IT’S A BUYING OPPORTUNITY (CNBC)
Crypto hedge fund Pantera on track to raise $175 million despite bitcoin’s price slump
The firm is attracting long-term investors who see the latest dip in crypto as a buying opportunity. Pantera has raised $100 million of the $175 million goal for its most recent VC-style fund. The Menlo Park-based hedge fund recently made its first investment from that fund in a start-up called Bakkt, which is backed by Starbucks, Intercontinental Exchange and Microsoft.
6. A WORRYING SIGN (FORBES)
The Bitcoin Price Bounces Back After Sell-Off -- A Worrying Sign?
Bitcoin, along with many other major cryptocurrencies, continues to grapple with extreme volatility — and at a time when investors were hoping bitcoin might have reached a better level of maturity
The bitcoin price has bounced from highs of $8,500 to lows of $5,800 over the last three months, not to mention the 70% drop in the bitcoin price since December last year, and has caused many recent investors to despair.
7. FROG ATE THE HAMSTER (Market Watch)
Nvidia stock drops as crypto-mining decline overshadows earnings beat
Nvidia Corp. shares dropped in premarket trade Friday, after the graphics-chip maker’s revenue outlook was hit by a sudden decline in cryptocurrency-mining sales.
“Our revenue outlook had anticipated cryptocurrency-specific products declining to approximately $100 million, while actual crypto-specific product revenue was $18 million,” said Chief Financial Officer Colette Kress in a statement. “Whereas we had previously anticipated cryptocurrency to be meaningful for the year, we are now projecting no contributions going forward.”
8. Bitcoin, Cash, Futures and Contracts (News.bitcoin)
UK Exchange Launches First FCA-Regulated Bitcoin Cash Futures Contracts
The UK-based cryptocurrency futures exchange, Crypto Facilities, has announced the launch of the first Bitcoin Cash – Dollar (BCH/USD) futures. Crypto Facilities is regulated by the U.K. Financial Conduct Authority (FCA) and the new BCH futures products will join the firm’s other crypto-based contracts at 4 pm UK time on Friday, August 17th.
Crypto Facilities says the new products will allow individuals and institutions the ability to invest in BCH futures in a regulated, transparent and secure trading environment. The Bitcoin Cash-Dollar futures contracts will allow long and short positions giving investors the capability to manage risks and rewards in a different fashion. Bert Mouler, CEO of Profluent Group, says there’s been demand for a BCH derivatives product and is thrilled to see Crypto Facilities take the initiative.
9. FUNDS FROZEN (News.bitcoin)
Funds Frozen, Account Closed: UK Banks Target Cryptocurrency Owners
In a chilling but sadly all-too-familiar sequence of events, UK banks have been targeting cryptocurrency owners. Individuals who have cashed out large amounts of cryptocurrency – legitimately – have had their assets frozen and accounts locked without warning, fueled by fears of money laundering and a general distrust of bitcoin. One victim even claims to have had their house raided and computer equipment seized in a follow-up operation by UK police.
While some jurisdictions have belatedly welcomed cryptocurrency with open arms – think Gibraltar, Malta, and Liechtenstein, where Binance has just opened a fiat-crypto exchange – the majority have taken an antagonistic stance. The UK is a prime example; unless you’re a bigshot like Coinbase, which recently secured a deal with Barclays, don’t count on retaining access to a bank account if you dabble in crypto. On P2P site Localbitcoins.com, UK traders exchange large amounts of BTC every day, requesting, in most instances, that the bank pay-in reference is something benign and unrelated to crypto. To do otherwise is to play a dangerous game.