Blockchain Software Firm ConsenSys Acquires Asteroid Mining Company

Blockchain software technology firm ConsenSys Inc. has acquired American asteroid mining company Planetary Resources, Inc. through an asset-purchase transaction, according to an announcement published Oct. 31. Founded in 2009 and formerly known as Arkyd Astronautics, Planetary Resources is supposedly engaged in the exploration, extracting and refining of resources from asteroids. The company, which reportedly has over 30 investors and has raised more than $50 million in investments, has sent two satellites into orbit over the last six months. Per the recent announcement, Planetary Resources has been acquired by ConsenSys to…

Circle Joins Industry Body for Developing Global Crypto Standards

Crypto finance company Circle has joined the Global Digital Finance (GDF) industry body as a founding member to develop a global “Code of Conduct” for crypto, according to a press release shared with Cointelegraph on Wednesday, Oct. 31. Circle has confirmed participation with the GDF on Twitter, stressing the company’s commitment to developing standards for the industry in order to promote the acceleration and adoption of digital assets. Other industry players in the group purportedly include Coinbase, ConsenSys, DLA Piper, Diginex, and others. Today the GDF released the Code of…

‘Big Four’ Firm EY Builds DLT Product on Public Ethereum Blockchain

Twitter Facebook The big four accounting firms are pouring more resources into blockchain technology now more than ever, and now Ernst & Young (EY) has just deepened its commitment. The global professional services firm has unveiled a Public Edition (PE) prototype of its EY Ops Chain, using the public Ethereum blockchain to deliver what the company describes as the “world’s first implementation of zero-knowledge proof (ZKP) technology.” The technology offers the best of both worlds, giving businesses the opportunity to securely issue and sell ICO-like tokens tied to payments or…

Miner Manufacturer IPO Halts Due to Alleged Illicit Finance Practices

Investigators have reportedly halted the public listing process of cryptocurrency mining machine manufacturer Ebang International on the Hong Kong Stock Exchange (HKEx), local financial news outlet Sina Finance reported Oct. 14. According to reports, the move was prompted by the firm’s alleged involvement in illicit financial practices. Ebang International operates in the field of Application-Specific Integrated Circuit (ASIC) chip design and production, telecommunications services, and the development, manufacture and sale of blockchain processors, or miners. In 2017, the company’s market share reportedly was 11 percent in terms of sales revenue,…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, October 31

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Bitcoin’s White Paper was published ten years ago, today. From an obscure beginning in 2008, Bitcoin has become a worldwide phenomenon. Thousands of cryptocurrencies have been born since then, but Bitcoin has managed to maintain its relevance. Currently, its dominance over the market…

Are You an Expert of Bitcoin History? Take Our Quiz an… | Quiz

Ten years have passed since the enigmatic Satoshi Nakamoto published the Bitcoin White Paper. A lot has happened since October 31, 2008, and not many can say that they know every little detail of Bitcoin’s history. In honour of the White Paper’s ten year anniversary, Cointelegraph offers you, our readers, the opportunity to test your knowledge of the history of Bitcoin and win a prize! Source link

Tether’s Price Has Stabilized, But the Stablecoin’s Supply Is Still Shrinking

In what’s become a rarity over the past month, the price of the tether (USDT) stablecoin temporarily regained parity with the U.S. dollar Wednesday. The token traded in the $1.00-$1.01 range for the better part of an hour, according to CoinMarketCap. At the time of writing, it is trading around $0.987. The exchange rate has been steadily climbing towards its $1.00 target since the stablecoin – by far the most popular among a slew of rivals – dramatically lost parity with the dollar in mid-October, falling as low as $0.85…

Hong Kong Stock Exchange Partners With Blockchain Firm to Improve Post-Trade Process

The Hong Kong Exchanges and Clearing Limited (HKEX) has partnered with blockchain firm Digital Asset to accelerate the post-trade process, financial news agency Finextra reports Oct. 31. HKEX had been working with Digital Asset to test a prototype system “in an effort to accelerate the post-trade process and reduce settlement risk.” According to Finextra, the system was tested by HKEX and the Shanghai and Shenzhen stock exchanges, in a collaboration called “Stock Connect.” The Stock Connect project lets international and mainland Chinese investors trade in each other’s markets via their…

Tether’s Market Cap Has Dropped by More than $1 Billion in October

Twitter Facebook Tether (USDT), the embattled cryptocurrency token whose value is purportedly backed by US dollars, continues to see massive outflows as it struggles to maintain USD parity amid rising competition from other stablecoins launched by some of the crypto industry’s biggest names. Blockchain data from Omni Explorer shows that yesterday, on Oct. 30, Tether Limited redeemed another 100 million units of USDT, reducing the outstanding supply to about 1.8 billion. Source: Omni Explorer Since the beginning of October, Tether has redeemed a staggering 990 million tokens, more than double…

Crypto Markets Placid on 10th Anniversary of Bitcoin Whitepaper

Wednesday, Oct. 31: after a couple of days of mild losses, crypto markets have today stabilized, with most of the top twenty cryptocurrencies by market cap seeing slight fluctuations capped within a 2 percent range. Market visualization by Coin360 On the 10th anniversary of the publication of its white paper on Oct. 31, 2008, Bitcoin (BTC) is today up under one percent, trading just above $6,300 at press time. Before sustaining mild losses Oct. 29-31, Bitcoin had been trading within a tightly range bound between $6,400-$6,500, prompting multiple crypto sphere…