Image of The Day, 6 of September: Business Insider, Market Watch, 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. SUNKEN (BUSINESS INSIDER)
Bitcoin and other cryptocurrencies continue to lose value on Thursday. The most expensive crypto has dropped almost $1,000 in value over the last 24 hours. Ethereum has slumped 20% to its lowest level in over a year.
The moving downwards started on Wednesday and was exacerbated by a report that Goldman Sachs has shelved plans to create a bitcoin trading desk.
2. HAS THE RIGHT TO LIVE (YOU GOV)
48% of millennials would be interested in using cryptocurrency primarily
A vast majority (79%) of Americans are familiar with at least one kind of cryptocurrency, according to new data from YouGov Omnibus.
By far, the most well-known cryptocurrency among Americans is Bitcoin with 71% of people saying they’ve heard of it. The next best-known is Ether/Ethereum with 13% saying they have heard of it.
Of those who have heard of Bitcoin, 87% have had no interaction with it, meaning they haven’t bought, sold or mined it. About half (49%) in this group say “I’m glad I didn’t buy Bitcoin earlier, and I don’t plan to buy it,” while 15% say “I wish I had bought Bitcoin earlier, but I feel like it’s too late now.” About one in five (21%) people between 35 and 54 chose this response, while only 11% of people 55 and up did.
3. IMPOSSIBLE IS NOTHING (NASDAQ)
The Lithuanian company enables merchants to accept bitcoin payments for their products or services. Merchants can keep the funds in bitcoin or CoinGate will convert those funds to Euros or U.S. dollars for customers who want to avoid dealing with bitcoin's volatility.
In a blog post announcing the launch of Lightning on its mainnet, CoinGate explained that shoppers can pay their affiliated merchants with Bitcoin's on-chain transactions (a conventional way) or select the option to pay through the Lightning Network, a second-layer solution that works on top of Bitcoin.
4. CRYPTO IN UZBEKISTAN (THE NEWS ASIA)
Uzbekistan has established the world’s first government-licensed cryptocurrency exchange. Additionally, a substantial fund for digital economic development has been created to couple with the exchange. Both turns of events were a result of two Presidential Decisions made by Uzbekistan’s President Škot Myržyjev.
The nation’s new cryptocurrency exchange is expected to be exempt from taxation on corporate and investor profits, including investment from non-residents of Uzbekistan. Cryptocurrency transactions will also not be in violation of existing laws on currency regulation. This should include trading cryptos on the new exchange and liquidating for fiat.
5. MORE AND MORE (MARKET WATCH)
More than half of all crypto owners plan on increasing their holdings over the next 12 months, according to a recent SharesPost survey. The report indicates that 59% of investors and 72% of consumers will add to their crypto portfolios within the next year, perhaps affirming the staunch belief crypto evangelists have in decentralized technology and their corresponding virtual currencies.
“Despite the 60 percent decline in cryptocurrency valuations this year, consumers and investors continue to offer a bullish, long-term outlook for crypto and blockchain. However, investors have become less optimistic about near-term cryptocurrency trends while consumers’ positive outlook remains largely unchanged since the beginning of the year,” wrote Rohit Kulkarni, managing director and head of research at SharesPost.
6. WE WILL PROTECT YOU (BUSINESS WIRE)
Hu-manity.co today announced it will use IBM’s Blockchain Platform as the foundational technology for its global consent ledger to help enable individuals to claim property rights to their personal data.
Hu-manity.co will allow people to control and manage consent, authorization and commercial use of their personal information via a permissioned blockchain-based data marketplace supporting millions of users.
7. USE — PAY (THE NEXT WEB)
New regulations drafted by Thailand officials demand that electricity producers using blockchain be charged additional fees. Government regulators fear an explosion in independent power generation will lead to a reduction in revenue.
Electricity Generating Authority of Thailand (EGAT) has demanded the fees be paid as a subsidy for potentially destabilizing effects blockchain technology brings, Nikkei Asian Review reports.
“The number of household solar rooftop power generators is increasing rapidly. That’s why the Energy Regulatory Commission (ERC) needs to develop regulation that is fair for everybody,” declared ERC member Viraphol Jirapraditkul.
8. GAIN MOMENTUM (JOURNALDUCOIN)
Bittrex, one of the leading cryptocurrency exchanges in the world, has just bought a 10 percent stake in Palladium, a Malta-based blockchain company according to media reports.
Palladium was launched with much fanfare in July with Maltese Prime Minister Joseph Muscat also making a speech during the event.
Bittrex, whose technology is designed to build and power crypto trading platforms to provide reliability and security, is based in the US and is a leader in the global blockchain revolution.