Inshorts

About 200 developers in the field of crypto-currency will be hired by Russian banks. This was reported on the facebook page of the head of the consulting project "Anti-Fraud" Alyona Vladimirskaya. Hiring professionals should happen within a year, and for their training billions of rubles will be allocated. In addition, the headhunter writes that the crypto industry has not yet been recognized as legal, what mean, that workers in this industry can’t count on social guarantees and legal salaries. The search for the same job is complicated by the inexperience of employers, so it is easier to enter the crypto-industry, participating in the Hakatons.

Alexander Muse, the US entrepreneur, wrote that National Security Agency (NSA) knows the identity of Satoshi Nakamoto, the creator of Bitcoin and peer-to-peer digital money. As it appears on the Muse’s Medium page, NSA analyzed all the words in the writings about Bitcoin, compared them with other texts written on the internet, and from there they determined his identity. For this analyze, Muse says, that NSA used a supercomputer and examined data consisting of trillions of letters.

High rise apartments in Dubai are selling for bitcoin. As newsbtc reports, two business luminaries, Baroness Michelle Mone and Douglas Barrowman, are selling the 1133 flats of Dubai residential property for bitcoin. Baroness Mone says that she is very excited to bring the business to this point and announced that she will also provide service of interior design for cryptocurrency. The chairman of the Knox Group, Douglass Barrowman explains that the meteoric rise of bitcoin is the reason that they’re the first bitcoin-accepting property development.

ViaBTC will be officially closed for exchange business. It was announced on the Twitter official page of the Chinese popular cryptocurrency exchange. As stated in the publication, such a serious decision was made due to China's central bank ban of ICO’s and due to fear it will cover cryptocurrency exchanges too. The official page indicates that Sept 25th is for closing of registration, asset deposits and all trading pairs, and on September 30th the website viabtc.com will be officially closed in Mainland China. The cryptocurrency exchange is going to complete processing of all withdrawal requests of CNY (Chinese Yuan Renminbi) and cryptocurrency assets before that. The cloud mining service and mining pool not to be affected.

Vietnamese President, Nguyen Xuan Phuc has approved a plan to scrutinize and streamline the legal framework for the management of cryptocurrencies such as bitcoin in Vietnam by 2018. As koinbulteni.com reports, Phuc gave permission to the Ministry of Finance and the Ministry of Public Security together with the central bank of Vietnam to carry out legal regulations on cryptocurrencies. The government will complete the evaluation regarding the approach towards regulations by the next August. After the completion, the government is supposed to prepare the necessary files for law making, regarding regulations and legalization, until the end of 2018.

Graphic card manufacturers reacts on China’s ban. As China has banned the ICO, it affected the whole market, graphic card manufacturer company Nvidia’s market shares also showed a downward trend directly proportional to the Bitcoin. As Marketwatch cites, the correlation comes due to the rumors that GPU manufacturers switch to mining-oriented products. Mark Lipacis financial advisor of Jefferies, a global banking investment firm, commented that in the near term the risk of a ‘crypto-driven’ inventory correction driving material downside is low. Nvidia’s CEO Jensen Huang commented, that other cryptocurrencies will compensate sales and they will not go down anytime soon.

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Six biggest banks, have joined the initiative of the UBS bank to launch a digital cash system. As Reuters agency remarks, Barclays, Credit Suisse, HSBC, State Street, MUFG and the Canadian Imperial Bank of Commerce came together for creating so called “utility settlement coin” allowing financial markets to make payments and settle transactions quickly via blockchain technology. Lee Braine CTO Office Barclays claims, that he sees several benefits of this project, from reducing risk to improving capital efficiency in financial markets.

Financial Authority’s warning. As coinidol informs, Financial Conduct Authority (FCA), a financial regulatory watchdog in the United Kingdom, warned investors about ICO risks. As ICO became very popular worldwide, FCA warned that in absence of regulations, the investors may face with loss of funds. As stated on the official website, FCA acknowledges that ICOs are very high-risk, speculative investments and continues; investors should only invest in an ICO project if they are experienced investors, confident in the quality of the ICO project itself and prepared to lose the entire stake.

Bitcoin operations are legalized in Canada. Based on information of Coindesk, the British Columbia Securities Commission (BCSC) of Canada registered an investment company, Cryptocurrency First Block Capital Inc., formed in Vancouver, which is planning to start the Bitcoin fund. From which we can conclude that the regulators of the financial market of Canada are looking for active approaches to organizations that are looking to create services and products based on blockchain technologies. The BCSC decision extends to the ICO.