Image of The Day, 3 of October: The Next Web, Wall Street Journal CNBC and Others
We're presenting "the image of the day". Bitnewstoday.com has chosen the 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 stories of this day in the most indicative quotes are below!
1. MAJORS IN BLOCKCHAIN (The Next Web)
Blockchain experts will teach Portuguese programmers
The Blockchain Academy of Brazil, in collaboration with ConsenSys, is going transatlantic by launching two new blockchain-based courses in Portugal. The courses will be open for enrollment from November, and will only educate students about Ethereum for now, Criptomoedas Fácil reports.
The first course, “Ethereum for Developers,” as the name suggests, will teach already competent developers key skills for getting into the Ethereum dev game. The other course, “Ethereum for Business,” will teach them everything one needs to know to get Ethereum into their business – an undeniably hot topic right now.
2. FIRST OF THE MANY (Forbes)
$30m real estate property tokenized with blockchain
A luxury Manhattan condo development is getting a new digital home on the worldwide Ethereum blockchain. The building, a completed 12 unit construction with 1700 sq ft units located on 436 & 442 E 13th St in the East Village, is the first major asset in Manhattan to be tokenized on Ethereum. The property has recently been appraised at more than $30m.
Ryan Serhant, bestselling author of Sell It Like Serhant and star of Bravo’s Million Dollar Listing New York, is the listing broker on the deal. He and the developer are turning to tokenization as a new method of financing, which could serve as a better alternative for the project and investors.
3. WE WILL DO IT TOMORROW (Trusted Nodes)
Indian supreme court keeps adjourning the crypto case
India’s crypto industry was on edge this September 10th as they awaited a potentially historic decision by the Supreme Court on a banking crypto ban by India’s Central Bank. The only decision that was made on that day, however, was the adjournment/postponement of the matter to the next day.
Again, all in suspense the next day to hear the decision, but it was adjourned. As it was the day after, and the day after, for weeks. Now a month later, an India based lawyer has begun sounding like a broken tape, stating: “Crypto Matter was listed as item no. 13 in Court no. 8 in the Supreme Court before Justices Rohinton and Navin Sinha. The matter could not reach and therefore adjourned.”
4. TOP QUALITY COIN (Wall Street Journal)
WSJCoin: yes, we created it
In 2017, Bitcoin was one of the greatest investment manias in recent memory. This year, that boom has turned to bust.
To understand what drives the wild cryptocurrency market — the technology, hype and innovation, combined with the hacking, market manipulation and increased regulation — we decided to experiment with a digital currency of our own: WSJCoin, a virtual token for the newspaper industry.
5. NOT A FLOWER ANYMORE (CNBC)
Mike Novogratz: “$8 billion valuation of Coinbase proves crypto”
The biggest U.S. cryptocurrency company has reportedly been valued at billions of dollars and that's a bullish sign for the industry's legitimacy, according to former Fortress hedge fund manager Michael Novogratz.
Coinbase is negotiating a deal with investment firm Tiger Global that would value it at about $8 billion, technology website Recode and Dow Jones reported Tuesday. The deal would make it one of the most highly valued U.S. start-ups.
6. WE SHALL OVERCOME! (Forbes)
Blockchain in the heart of european GDPR blockade
It has been just over four months since the European Union enacted the General Data Protection Regulation (GDPR), a piece of legislation that was designed to protect the data of those living in the EU, but also one that conflicts directly with blockchain.
In an almost direct clash of intentions, the GDPR has effectively banned the use of blockchain technology in Europe because of its immutable nature. The GDPR offers the power back to the individual to edit and delete data which falls into the hands of centralized authorities, but when there is no centralized authority, there is no need for data to be moved around. This is the crux of the GDPR’s clash with blockchain.
7. BRACE FOR THE IMPACT! (The Next Web)
Blockchain sector on “silent collision” course with the law
The University of Oxford has shared analysis of the relationship between blockchain developers and the rule of law. It claims the blockchain industry is on a “silent collision course” with lawmakers, and a major overhaul is sorely needed. Anastasios A. Antoniou, member of the EU Blockchain Observatory and Forum, argues blockchain evangelists open “Pandora’s box” by suggesting complicated smart contract systems create “order without law.”
“The primary source of friction between blockchain and law can be traced to the implied proposition that code-driven frameworks running on blockchains can and should operate outside our jurisdictional legal orders,” writes Antoniou. “This is most clearly illustrated when considering the deployment of blockchain-based organisations running entirely on autonomous code, without human consensus.”
8. RISE TO POWER (Daily Hodl)
Binance Coin passes NEO and Ethereum Classic
Binance Coin (BNB) has now passed both NEO and Ethereum Classic (ETC) in market cap and now stands as the 14th largest cryptocurrency, according to CoinMarketCup.
The rise in the rankings comes after a new announcement from Binance founder and CEO Changpeng Zhao, who recently revealed that BNB will be used to pay for fees on Binance Chain, the company’s decentralized exchange. Zhao says the launch of Binance Chain is now on the horizon.
9. DON’T COUNT ON IT (CNBC)
Novogratz says: Bitcoin won't top $9,000 by year's end
Former Fortress hedge-fund manager Michael Novogratz doesn't see much chance of bitcoin breaking out of its current slump. "I don't think it breaks $9,000 this year," Novogratz said on stage at the Economist Finance Disrupted event in Manhattan.
Novogratz, a former Goldman Sachs macro trader, said much of that price pressure came from industry participants needing to sell "just to fund the burn rate of the industry." Companies who aren't making anywhere near the revenue they did during last year's crypto boom sold to meet obligations such as payroll, Novogratz said.
10. CHRONIC LACK OF ACTION (Market Watch)
There’s a “chronic lack of demand” for Bitcoin, says analyst
Major cryptocurrency prices were trading firmly lower Wednesday, breaking a recent bout of mostly sideways trading. Bitcoin, the world’s largest virtual currency, broke out of its $6,500 to $6,600 range and a single bitcoin BTCUSD, -1.18% was last going for $6,465.75, down 1% since Tuesday at 5 p.m. Eastern Time on the Kraken exchange.
The inability to test September’s high above $7,000 has one analyst warning that there’s only one way from here. “Bitcoin is still struggling to break $6.8k resistance. If buyers wanted to buy this dip, they would have jumped in already. The chronic lack of demand at these levels is a concern, and the path of least resistance remains lower,” wrote Jani Ziedins of Cracked.Market.