Market Update 10.23.18 – HTC To Start Shipping ‘Exodus’ Blockchain Phone

| Publish date: 10/23/2018

Market News

HTC To Start Shipping ‘Exodus’ Blockchain Phone

A decade after launching its first Android device, global consumer tech giant HTC is officially releasing its first blockchain-enabled phone. The early-access version of the HTC Exodus is now available for pre-order and must be purchased with cryptocurrency.

Dubbed the EXODUS 1, the device can only be bought using either Bitcoin or Ethereum, and will start shipping by December. The company also said it is looking for developers to participate in the early-access version. The EXODUS 1 is available to customers in the U.S., Hong Kong, Singapore, New Zealand, the U.K. and nearly 30 other countries.

Read the full report here.

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Square Open-Sources BTC Cold Storage Solution

Mobile payments startup Square is making its Bitcoin cold storage solution open-source. Alok Menghrajani, a security engineer for the company, announced in a blog post that the documentation, code, and tools for the company’s “Subzero” Bitcoin cold storage solution are now publicly available on Github. Menghrajani said Square uses Subzero to hold bitcoin assets on its users’ behalf in an offline environment based on a hardware security module (HSM) – the same technology the firm has been using to store encrypted keys for its other payments services.

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He also added that since the underlying HSM is programmable, Square has developed a technology that can send BTC from a hot wallet to the cold storage at any time. When bringing coins back to the online hot wallet, however, the program requires multi-party signatures to initiate a transaction. Further, Menghrajani said the solution can also enforce certain preset rules, such as only sending bitcoin from the cold storage to Square-owned addresses.

Read the full report here.

Binance Gets Funding From Venture Arm

Singapore’s sovereign wealth fund is investing in the world’s largest cryptocurrency exchange by way of its venture wing. Vertex Ventures, the venture capital arm of Temasek Holdings – which is operated by the government of Singapore – has made a strategic investment in Binance and will work with the exchange to set up a new branch in the city-state.

The centerpiece of the plan is the creation of Binance Singapore, a fiat-to-crypto exchange, as well as other fiat-crypto services in Southeast Asia. Binance CEO and founder Changpeng Zhao, better known as CZ, first announced that the exchange would be expanding to Singapore last month.

Vertex Ventures China and Vertex Ventures Southeast Asia & India, two of the fund’s branches, co-invested in the exchange to bring about the new transaction platforms. The total amount invested was not disclosed.

Read the full report here.

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Total Market Cap: October 23

The volume of trade in the crypto market sat at $10.29 billion. The market’s capitalization, on the other hand, reached $209.07 billion.

Bitcoin Price Analysis: October 23

In the past 24 hours, Bitcoin fell 0.03% to trade at $6,483.63. The leading cryptocurrency’s trade volume trickled to $3.66 billion, while its market slid to $112.41 billion.

Ethereum Price Analysis: October 23

Ethereum’s price fell 0.44% to trade at $203.64. As for the altcoin’s trading volume, it reached $1.22 billion; whereas its market capitalization hit $20.92 billion.

State of the Top 10 Cryptocurrencies: October 23

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

  • Bitcoin’s market price fell 0.03% to $6,483.63, and its value in the market is $112.41 billion.
  • Ethereum’s market price fell 0.44% to $203.64, and its value in the market is $20.92 billion.
  • XRP’s market price fell 0.90% to $0.450131, and its value in the market is $18.00 billion.
  • Bitcoin Cash’s market price fell 0.58% to $442.89, and its value in the market is $7.71 billion.
  • EOS’ market price fell 0.49% to $5.38, and its value in the market is $4.89 billion.
  • Stellar’s market price jumped 1.25% to $0.243951 and its value in the market is $4.61 billion.
  • Litecoin’s market price fell 0.56% to $52.21, and its value in the market is $3.07 billion.
  • Tether market price jumped 0.40% to $0.985187, and its value in the market is $2.05 billion.
  • Cardano market price fell 0.21% to $0.075478, and its value in the market is $1.96 billion.
  • Monero dethroned TRON at the 10th spot, with its market price jumping 4.84% to $109.54, and its value in the market is $1.81 billion.

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