Image of The Day, 8 of November: Forbes, Daily Hodl, Fortune 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. DLT BOOST FOR AMAZON (Forbes)
Amazon partners on new Ethereum marketplace for enterprises
Kaleido, a startup that aims to help enterprises implement blockchain technology, has launched a new platform in collaboration with Amazon Web Services (AWS). Kaleido Marketplace will provide tools and protocols for all the components of new blockchain projects, “from the app all the way to the chain,” founder and CEO Steve Cerveny told Forbes.
Kaleido is one of more than 50 blockchain projects overseen by ConsenSys, the blockchain technology company and incubator launched by Ethereum co-founder Joe Lubin in 2014. Kaleido launched in May of this year, offering blockchain-specific support to enterprises as part of its Blockchain Business Cloud platform. Cerveny sees the Kaleido Marketplace as the next evolution of this service.
2. ALEXA CATCHES THE RIPPLE (Daily Hodl)
The Ripple effect: developers bring XRP to Amazon Alexa
The avid XRP developer Wietse Wind is lending his support to a new project to bring XRP to Amazon Alexa. The third-party feature is designed to let users check their balances, and send and receive XRP by saying a few simple commands. The project essentially brings the XRP Tip Bot to Alexa. The popular bot is already up and running on the web, allowing anyone to send XRP to people on Reddit, Twitter and Discord.
Wietse Wind, the creator of the XRP Tip Bot, recently hinted that new features like this are on the horizon. He’s now actively working to make it easy for developers to integrate with the tipping platform, opening the door for a variety of apps that allow users to transfer value by using XRP.
3. THE RALLY IS COMING! (Fortune)
Crypto bulls get a green light on potential year-end rally
The cryptocurrency world is stirring. A technical indicator for an index tracking some of the largest digital currencies suggests the crypto industry could be poised to break out of its recent malaise and rally at year end.
Long-term trend lines in Bitcoin’s Directional Movement Index (DMI) also showed the digital token entering a new bullish phase this week. “The technicals look great and the fundamentals are fantastic,” said Mati Greenspan, senior market analyst at eToro, in an email. “All signs are pointing to a Santa Claus rally in the crypto market.”
4. BELIEVERS (Forbes)
Surprising Bitcoin survey reveals UK to be a nation of crypto believers
A Bitcoin survey, carried out by respected pollsters YouGov, has found that one in five people in the UK thinks Bitcoin will be "as common as cash or card" payments in future — just as Bitcoin celebrated its 10th birthday last month.
The survey found that, while Bitcoin is still a relatively new technology, nine out of ten (93%) of people in the UK say they have heard of Bitcoin — with just over one in five (23%) say they understand it "fairly" well.
5. SAFE LINE (Business insider)
WISeKey releases WISePhone, secure blockchain phone with cryptocurrency payment capabilities.
WISeKey International Holding Ltd ("WISeKey", SIX: WIHN), a leading cybersecurity and IoT company, today announced the release of WISePhone, a secure blockchain mobile phone, all components of which are entirely secured by WISeKey.
WISePhone integrates WISeKey's innovative hardware and software technologies bringing to market the first and only smartphone powered by WISeCoin cryptocurrency Blockchain technology. WISePhone will also include a native wallet that will be activated as soon as WISeCoin AG receives clearance from the Swiss financial market regulator, FINMA, to issue a Security Token Offering (STO).
6. ONE WITH A PLAN (The Sun)
Country Heights shareholders approve cryptocurrency plan
Country Heights Holdings Bhd's (CHHB) shareholders have approved the company's plan for an initial coin offering (ICO) to issue its own cryptocurrency to be known as "Horse Currency" despite market concerns over its legitimacy.
Executive chairman and founder Tan Sri Lee Kim Yew (pix) said it will immediately set up a task force to oversee the acquisition and investment of the blockchain technology and the setting up of its infrastructure throughout all of CHHB's portfolio. "We are going to immediately appoint technology partner and legal adviser. At the same time, we are setting up a task force. This task force is to ensure that the company will get the latest blockchain technology and make sure it is not only for cryptocurrency issue but at the same time, it can service all the businesses of the company such as car city, resort and hospitality, healthcare and property," he told reporters after its EGM today.
7. SEC SMACK (The Next Web)
SEC charges EtherDelta founder with running unregistered securities exchange
In what could prove to be a groundbreaking case, the US Securities and Exchange Commission has charged the founder of cryptocurrency trading platform EtherDelta, Zachary Coburn, with running an “unregistered national securities exchange.”
The filing further notes that EtherDelta purportedly brokered most of these transactions after the SEC issued a report warning that cryptocurrency exchange platforms are required to register or operate pursuant to an exemption. It appears EtherDelta didn’t get the memo though.
8. DIRTY DEEDS AT WORK (Daily Hodl)
Husband and wife caught mining Ethereum at middle school
A husband and wife team in Chenzhou, Hunan Province, China started mining the world’s second largest cryptocurrency by market cap, Ethereum, in their home. According to a report by local news outlet HK01, the mining venture began consuming 21 kWh of electricity per day, so the husband, Lei Hua, principal of Puman Middle School, moved the operation to the school, concealing them in computer classrooms.
China, which cracked down on cryptocurrencies in September 2017, and recently shut down social media accounts covering crypto-related topics and events, has not been able to stop support for crypto adoption. A local arbitrator presiding over a case involving digital assets that were frozen in a crypto portfolio ruled in favor of the plaintiff, stating that “Bitcoin has the nature of a property, which can be owned and controlled by parties, and is able to provide economic values and benefits.”
9. THE PRICE QUESTION (Blokt)
A study released by a finance professor at the University of Queensland concludes that most cryptocurrencies may be overpriced
A recent research paper released by Wang Chun Wei, a Ph.D. finance lecturer at the University of Queensland has concluded that many cryptocurrencies, including Bitcoin and Ethereum, may be overpriced. The reasoning given is due to the ‘resale option value’ which refers to a buyer’s motivation to purchase an asset mainly to resell it a higher value to someone else, combined with a lack of shorting options in the cryptocurrency market.
In the paper Professor Wang divides cryptocurrencies into three classes: scam cryptocurrencies, joke cryptocurrencies, and mainstream legitimate cryptocurrencies. Scam cryptocurrencies would be currencies like the infamous BitConnect, while joke cryptocurrencies are those such as DogeCoin, Jesus Coin, and Theresa May Coin. The last category would be mainstream options like Bitcoin and Ethereum.
10. AN ANCIENT TRICK (The Next Web)
Trojan horses are evolving to target cryptocurrency exchanges
Swiss researchers also discovered that cybersecurity threats once focused on breaking into online banking services have pivoted to more efficiently attack cryptocurrency exchanges this year.
These revelations come by way of a new paper released by Switzerland’s Reporting and Analysis Centre for Information Assurance (MELANI), a government agency. Researchers found seminal e-banking trojan Dridex has been ramping up its crypto-focused operations. It actually first appeared in 2012 under another name, Cridex. MELANI found the number of targeted cryptocurrency exchanges in its configuration files had increased this year.
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