Image of the day, 25 of July: Forbes, Independent, The Fortune and others
We're presenting "the image of the day", Bitnewstoday.com chose only the freshest and most important news about the digital economy and virtual currencies. Only the most valuable stories from only the proof 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 below!
1) ACTION IS HEATING UP (Businessinsider)
Tom Lee sees bottom.
Tom Lee, head of research at Fundstrat, says there all signals that the bitcoin bottom is behind us.
Action on some of the largest trading venues in crypto is heating up as the price of bitcoin, the largest digital currency, approaches $8,500. Furthermore, notorious bitcoin bull Tom Lee claims that market bottom is coming which means significant changes in the outlook of the market in general.
2) VIGILANTES ARE OUT (news.bitcoin.com)
Crypto influencers beware.
“Crypto influencer” the common term used to describe Twitter traders with over 20,000 followers and the ability to move illiquid markets. People behind those accounts don’t get paid for the charting. But they do get paid for promotional tweets and reviews and things like that. However they do get paid for advertising, which is fine when they disclose it.
But there some of them are not interested in disclosing that information and because of it - they mislead their followers. But there are hackers on twitter that are out on a mission to expose to uncover crypto influencers who fail to disclose payment for the projects they tout
3) BRENSON CHANGES THE BORDERS (Forbes)
Richards Branson spoke about changing the world.
Billionaire Richard Branson, who is one of the first mainstream investors in bitcoin start said that blockchain economy will bring the world one step closer towards the world without borders.
Bob Marley got it right," he concluded, referring to the musician's 1977 hit One Love. "It looks like a borderless world, it should be a borderless world, and I think blockchain can really contribute to making the world a borderless world.”
4) GIFTING 0 AND 1 (Bloomberg)
Coinbase wants to hand out giftcards.
Coinbase has struck a deal with British startup that allows their customers in Europe to cash out their crypto coins to get digital gift cards. The list of retail companies in the deal includes 120 retailers, with such big names as Uber and Nike among them.
Coinbase spokesperson claims that in case of the success they are ultimately going to expand beyond the europe, into the other countries
5) ACTION IS HEATING UP (Businessinsider)
Tom Lee sees bottom.
Tom Lee, head of research at Fundstrat, says there all signals that the bitcoin bottom is behind us.
Action on some of the largest trading venues in crypto is heating up as the price of bitcoin, the largest digital currency, approaches $8,500. Furthermore, notorious bitcoin bull Tom Lee claims that market bottom is coming which means significant changes in the outlook of the market in general.
6) FAIR BY DESIGN (Computerworld)
Australian minister fights for justice.
Australian minister Michelle Rowland has taken aim at the government over what she argues is a piecemeal and lacklustre approach to developing a digital economy strategy.
“In five years, the Liberals have utterly failed to deliver a joined up 5G strategy, digital economy strategy or a digital inclusion strategy to call their own,” Rowland argued. “They don’t even have in place an effective digital transformation strategy for the delivery of government services.”
7) MILES-BASED BLOCKCHAIN (opengovasia)
Singapore Airlines launches Krispay.
The Singapore Airlines (SIA), largely renowned for being a leading provider of high-quality flying services, has announced the launch of a KrisFlyer frequent-flyer programme. KrisPay, the miles-based digital wallet which enables members to convert KrisFlyer miles into KrisPay miles instantly for everyday spending at partner merchants island-wide.
8) MINING CRYPTO WITH GPU (thenextweb)
Crypto enthusiasts can now earncrypto easy.
Wannabe cryptocurrency miners unwilling to shell out thousands for a specialized rig might just be in luck. A new application, Honeyminer, allows even those with modest PCs to mine popular cryptocurrencies as part of a pool. For those willing to donate GPU power for spare change, paid in Bitcoin, this might be the easiest way to do it.
9) MILLENNIALS, EH! (Yahoo.finance)
Millennials prefer to sit on their money.
The most recent financial crisis has made millennials more careful with their money, said Greg McBride, Bankrate.com’s chief financial analyst. For older millennials, it was the second time they saw a market meltdown, he said, recalling the dot-com bubble burst in 2000. “A recession and stock market meltdown left them squeamish about investing in the stock market. That stand is going to be very detrimental for their long-term financial health,” he said.
Millennials are about to become the biggest retirement savings burden in history. Their lifespan will be longer, health care costs will be higher, and pension and social security funds are diminishing
10) SEISMIC SHIFT! (theepochtimes.com)
Digital Economy Creates a Seismic Shift in Business Borrowing.
The rise of the digital economy has created a seismic shift in the borrowing patterns of companies. Instead of borrowing more to fund big-ticket purchases like industrial machinery and equipment, companies make incremental investments in intellectual property and software.
Investments in software are less directly tied to the economy, whereas investments in equipment are highly cyclical. As a result commercial and industrial lending became unusually weak, as the investment pattern of businesses has changed dramatically.