Inshorts

Securities regulators in Canada have published a statement on ICOs. Canadian Securities Administration (CSA) statement shows the clearest indication on how regulatory bodies plan to oversee the emerging funding model. As it appears on the official website of CSA, they have received many inquiries from fintech businesses and their legal counsel relating to ICOs and ITOs. The statement continues, such tokens are more likely to fall under the definition of a securities. The notice also includes guidance for firms looking to create cryptocurrency investment funds in Canada and encourages to sign up for a sandbox, through which new financial products can be tested in a limited setting.

The tech giant Microsoft announced the Coco-Framework for enterprise blockchain networks. As on the official site of Microsoft appears, Coco Framework will offer and advanced, fast and reliable blockchain system. The system is able to process over 16.000 transactions per second. Coco will also be integrated into Microsoft’s Azure cloud storage. The CTO of Microsoft Azure, Mark Russinovich says that, they are very proud to announce Coco and the system presents an alternative approach to ledger construction, giving enterprises the scalability, distributed governance and enhanced confidentiality - all the components that the companies need.

Key players of the cryptocurrency world in the Fortune under 40 list. The Fortune Magazine’s 40 under 40 shares the list of the most prominent figures under forty years old, which includes business executives, political figures and sportsmen. Cryptocurrencies are becoming more popular, together with some of the crypto people. According to fortune website, the 10th place of the list is shared between Brian Armstrong, 34 years old CEO of the Coinbase and 23 years old Vitalik Buterin, the co-founder of Ethereum project. The magazine points the coinbase’s success that has raised $100 million in August and now the company is valuated at $1.6 billion. The list also includes key people such as, Mark Zuckerberg, co-founder of Facebook; Emmanuel Macron, France’s youngest leader; Serena Williams, famous tennis player and others.

Even small towns in Indonesia uses Bitcoin. Indonesian migrant workers send money to their families in digital currencies. Cointelegraph reports that, according to the statistics, in 2010 Indonesian migrant workers who work abroad in such countries as Saudi Arabia, Malaysia, China, the United Arab Emirates, Kuwait, Bahrain, Qatar sent back home more than $5 mln and the banks were getting their cut of $429 million. Nowadays the cryptocurrencies are pulling this sum down further. Tuur Demester, the editor-in-chief at Adamant Research states on his twitter that people all over Indonesia are getting used to cryptocurrencies. People got over the fundamental shift in their perception, while the liquidity of the cryptocurrencies continues to grow.

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Venezuela is moving to cryptocurrencies. As CNBC reports, as the national currency Bolivar suffers under the hyperinflation, people are turning to bitcoin rather than their national currency. People are using bitcoin even for daily necessities, such as food, baby diapers and medicine. Due to the hyperinflation, the electricity now is cheaper and many have taken to bitcoin mining in a bid to survive. A Venezuelan, who can run several bitcoin mining devices can get about $500 and this is counting as a good number for a family, for a month. However, law enforcement authorities cracking down such operations. Although there is no cryptocurrency law, police are arresting miners.

Disclaimer. These videos are brought to you by CoinIdol.com in partnership with Koles Coin News Channel. This information is provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company. 

Cryptocurrencies helps to save lives. As the Guardian reports, Hurricane Harvey hit the Texas and Southeast shores since 25 August and caused 11 death, large-scale flood in Houston forced tens of thousands of people to leave their home towards shelters. The officials says that hurricane was most powerful to hit the US in more than a decade. While rescue work is under way, many people is eager to help the victims with cryptocurrencies. People are donating via Bitcoin and Dash for victims to buy the daily basic necessities. Danny Sessoms, the host of the Austin Texas-based Crypto Show radio program, said that moments like these show the real power of this technology and what cryptocurrency holds for the future. Already over $50 thousand donations have been collected for the victims.

Within a few months there has been a high tension in US-North Korean relations. The voltage bar in strained relations increased after the ballistic missile tests conducted by North Korea under the President Kim-Chen-Yung leadership. According to the New York Times information, on August 29 the latest North Korean ballistic missile crossed the Japan's borders, passed through the northern part of the country and fell into the sea. In response to this step, Japan and the United States are going to take strict measures. Undoubtedly, these events have a strong impact on the world economies. For the cryptocurrency market these events served as an impulse to growth. For example, the price of bitcoin exceeded the threshold of $ 4500, despite the decline tendency last week. For now all the top-ten cryptocurrencies are in the green zone.

The US Congress is hosting to drafting legislation that is intended to bring certain cryptocurrencies out of shadow and protect them against interference from the federal government. As Сointelegraph refers, the bill will recognize some digital currencies, if they meet certain minimum conditions, to prevent the currencies from being considered as a form of security or investment and to protect the transactions using the currencies against taxation. Moreover the law should prevent illegal practices with cryptocurrencies such as money laundering, financing terrorism and other unlawful business. The lawmakers are one Republican member of Senate and two Republican congressman, their names have not been disclosed yet.

The first Ethereum ATMs have been installed in Toronto, Canada. As it is announced on the official website of the atm manufacturer, localcoinatm.com, the company is the first to provide ethereum transactions in Toronto, Brampton and Etobicoke. Previously the ATMs were allowing users to make bitcoin transactions and lately, litecoin was added. As also remarked in the official statement, now it would be very easy for Canadian cryptoenthusiasts to purchase the Etherium with the help of the Local Coin ATMs. The only thing the user needs to do to choose the option “buy altcoins’’ and complete the process. The company is planning to install new ATMs in different parts of Canada.