Image of The Day, 28 of August: CNBC, News.Bitcoin, The Next Web 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. NEW AND SPICY (CNBC)
Morgan Creek rolls out cryptocurrency fund as bitcoin hovers around $7,000
Despite the tumultuous year for bitcoin, Morgan Creek's Mark Yusko, a longtime cryptocurrency bull, told CNBC that endowments, pension funds and family offices are increasingly looking for ways to invest in this area.
It is just the latest to launch a digital asset fund that allows investors access to an umbrella of digital currencies. Grayscale earlier this year rolled out the Digital Large Cap Fund, also aimed at institutional investors. On its website, Grayscale says the fund lets investors get exposure to digital currencies "without the challenges of buying, storing, and safekeeping digital assets."
2. OILCOINS (News.Bitcoin)
Details of Iran’s national cryptocurrency unveiled
Iran has been developing a national cryptocurrency, a move that could allow them to evade US economic sanctions. Informatics Services Corporations, the country’s leading provider of banking systems, has reportedly been designing and developing the cryptocurrency and has now revealed its features.
The ISC wrote that it is rial-backed and has been designed and developed by Informatics Services Corporations based on Hyperledger Fabric platform technology. Hyperledger Fabric is an open-source permissioned blockchain framework hosted by the Linux Foundation.
3. AND ANOTHER ONE (Wall Street Journal)
Quartz Launches Paid Cryptocurrency Newsletter
Quartz is the latest media company attempting to cash in on the growing enthusiasm for cryptocurrency. $15 a month or $150 a year, readers will have access to a twice-weekly newsletter that summarizes and analyzes the rapidly shifting world of cryptocurrencies and the decentralized accounting technology that supports them.
The newsletter is the first paid product that Quartz has released since it was acquired in July by the Japanese financial intelligence and media firm business intelligence firm Uzabase .
4. AFRICA’S FINEST (Daily Nation)
Kenya's first Blockchain cryptocurrency to be launched
Kenya is set to launch its first Blockchain cryptocurrency known as tmxglobalcoin.com coin.
Its developers believe that this technology will save the logistic business in Africa from the problems experienced in the import or export sector such as price hikes caused by value chain in the sector.
“We are using Blockchain technology to enhance Cargo logistics business to have more open, transparent and democratic process using a decentralized system, where all the users are able to talk to each other on an open platform,” said Anthony Njoroge, CEO of TMX.
5. DODGY CRYPTO (The Next Web)
President Maduro is forcing Venezuelan banks to use his dodgy cryptocurrency
Nicolás Maduro has ordered every Venezuelan bank to adopt his pet cryptocurrency, the Petro, which is now tied to and completely interchangeable with the new “sovereign Bolivar.”
Both public and private banks must now use his dodgy cryptocurrency in all financial reports. For almost a year, this has been Maduro’s plan to pull Venezuela out of financial turmoil. Last month, its highest ever inflation rate was recorded, with prices for goods and services rising by at least 82,766 percent.
6. BRICs CHAIN (ZDNET)
BRICs sign blockchain agreement
Five major banking institutions from the emerging economies of Brazil, Russia, India, China and South Africa signed a Memorandum of Understanding (MoU) on the development of distributed ledger technology (DLT).
The Brazilian National Bank for Economic and Social Development (BNDES), the State Corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank), the Export-Import Bank of India, the China Development Bank, and the Development Bank of Southern Africa (DBSA) will all participate in the study of DLT technology like blockchain, "in the interests of the development of the digital economy."
7. MALAY CRYPTO (The Daily Sun)
More buyers than sellers in Malaysian cryptocurrency market: Coinhako
Demand for cryptocurrencies remains encouraging despite the sharp fall in bitcoin's price since late last year, said cryptocurrency exchange Coinhako's co-founder, Yusho Liu. "The buy side is still very robust. Generally, there have been more buyers than sellers over the years. The more people know about it, the more they will be interested in buying into the future. Most of the people buy and hold. I don't see many people buying and selling day in, day out," he told to the Daily Sun.
Singapore-based Coinhako was co-founded in 2014 by Liu, who was in pursuit of cryptocurrency trading. The cryptocurrency exchanger expanded into Malaysia in May 2016.
8. GOOGLE DOES (NOT) LIKE MINERS (The Next Web)
30 days after the ban, Google Play still hosts cryptocurrency mining apps
The clock has been ticking for cryptocurrency mining apps to either comply with Google’s revised terms of service, or face removal from the Play Store. In July, 2018 Google initiated a ban on all apps that mined cryptocurrency on devices. Yet, around two weeks ago, it became evident that many apps that boasted on-device mining capabilities were still alive on the Play Store.
As part of that ban the Big G gave developers, who already had apps live on the store, a 30-day window to revise their offering to comply with the new terms. The grace period has now passed. And while Google has begun purging some of the offending apps, it seems there is a lot more work to be done.
9. NORTH KOREA IS DOING IT (Business insider)
Norks are still planning to host its own blockchain and cryptocurrency conference
In an attempt to showcase their supposed technological prowess, North Korea will be holding a blockchain and cryptocurrency conference later this year. North Korea plans to host leading blockchain experts from around the globe during a two-day conference called, the "Korean International Blockchain Conference."
The event will take place October and last two days, according to Singaporean outlet The Straits Times. The conference itself will close with a meet and greet between North Korean industry leaders and the experts in attendance. There has been no mention if Kim Jong-Un will be in attendance.
10. VALUE OF THE PRIVATE INFO (Porlalo Do Bitcoin)
Another crypto exchange is hacked. This time it’s private info
Atlas, a popular Brazilian cryptocurrency investment platform, has been hacked. Although the company claims users’ funds are safe, the personal information of over 264,000 of its customers has been leaked.
The security breach was first reported by the Investimentos Digitais (Digital Investments) YouTube channel. In total, there are 14,500 records of leaked data that detail users’ balances on the platform, their email addresses, names, and phone numbers. The leaked data shows there are 5,813 BTC (about $39 million) deposited on the platform.