Market Update 11.01.18 – Ethereum’s ConsenSys Buys Asteroid Mining Company

| Publish date: 11/01/2018
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Ethereum’s ConsenSys Buys Asteroid Mining Company

ConsenSys, the Ethereum-focused venture studio, has just acquired Planetary Resources, a space venture hoping to mine asteroids. Planetary Resources announced recently that ConsenSys conducted an asset-purchase transaction, taking over the firm, with president and CEO Chris Lewicki and general counsel Brian Israel joining the startup as a result. The terms of the deal were not disclosed.

The company, formed in 2012, was started in the goal of mining asteroids for resources. To date, it has launched a pair of satellites into Earth orbit, including a successful test of a an infrared imager on its Arkyd-6 craft. However, the company has had financial difficulties after failing to secure a new round of funding this past June.

Read the full report here.

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Tether’s Price Stabilizes But There’s A Catch

In what has become a rarity over the past month, the price of the Tether (USDT) stablecoin temporarily regained parity with the U.S. dollar. The token traded in the $1.00-$1.01 range for the better part of an hour. At the time of writing, it is trading around $0.987.

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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 on the Kraken exchange, one of relatively few where traders can sell USDT directly for dollars.

Read the full report here.

Ethereum Founder Shares Plans To Scalable Network

“Consensus by bet – that didn’t work. Hub and spoke chains – that didn’t work. Proof-of-proof-of-work – that didn’t work. Hyper cube chains – that also didn’t work!” Singing on stage alongside songwriter Jonathan Mann, Ethereum founder Vitalik Buterin ended his keynote at Devcon4 in Prague with a song that listed “the graveyard of ideas” from the past five years of Ethereum research.

An annual ethereum developer conference Devcon4 is all about ETC – past, present and future – and Buterin took his time on stage to touch on all those time periods as it relates to the platform’s long awaited switch to a more scalable and ecological paradigm. Buterin placed a specific emphasis on the development history of this switch, its various learning curves and “aborted attempts at solving Casper.”

“Serenity is ‘the world computer’ as its really meant to be, not a smartphone from 1999 that can play snake.”

Read the full report here.

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Total Market Cap: November 1

The volume of trade in the crypto market sat at $11.72 billion. The market’s capitalization, on the other hand, reached $205.50 billion.

Bitcoin Price Analysis: November 1

In the past 24 hours, Bitcoin jumped 0.88% to trade at $6,387.80. The leading cryptocurrency’s trade volume trickled to $4.28 billion, while its market slid to $110.85 billion.

Ethereum Price Analysis: November 1

Ethereum’s price jumped 0.94% to trade at $199.30. As for the altcoin’s trading volume, it reached $1.47 billion; whereas its market capitalization hit $20.51 billion.

State of the Top 10 Cryptocurrencies: November 1

In the past 24 hours, all prices were up. Meanwhile, Monero continues to dethrone TRON at the 10th spot.

  • Bitcoin’s market price jumped 0.88% to $6,387.80, and its value in the market is $110.85 billion.
  • Ethereum’s market price jumped 0.94% to $199.30, and its value in the market is $20.51 billion.
  • XRP’s market price jumped 2.13% to $0.450603, and its value in the market is $18.12 billion.
  • Bitcoin Cash’s market price jumped 1.55% to $423.98, and its value in the market is $7.39 billion.
  • EOS’ market price jumped 2.83% to $5.26, and its value in the market is $4.77 billion.
  • Stellar’s market price jumped 1.06% to $0.225601, and its value in the market is $4.27 billion.
  • Litecoin’s market price jumped 1.82% to $49.85, and its value in the market is $2.94 billion.
  • Cardano market price jumped 1.86% to $0.070133, and its value in the market is $1.82 billion.
  • Tether market price jumped 0.09% to $0.998286, and its value in the market is $1.77 billion.
  • Monero dethroned TRON at the 10th spot, with its market price jumping 1.45% to $104.01. As for its value in the market, it is $1.72 billion.
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