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.
Cryptocurrency Market Updates
Ledger, which is a hardware cryptocurrency wallet maker, plans to add support soon for more stablecoins, including expanding tether (USDT)’s usability across all its products and services, executives said.
The two largest diamond producing groups on the planet are now jointly testing a blockchain platform to track assets. Alrosa, which is the second-largest diamond producer after manufacturing giant De Beers, announced Monday it was joining the Tracr pilot program.
Taiwan’s “Crypto Congressman” continued his push for more modernized regulation around the tech by proposing new rules for token sales. On Friday, the Taiwanese legislator Jason Hsu published a list of policy recommendations aimed at aiding cryptocurrency startups, including one that would see the Ministry of Economic Affairs (MOEA) create a new business category, as well as a new legal framework for security tokens.
October 31, 2008 marked the birth of bitcoin. Ten years on, the world’s first cryptocurrency is at the forefront of a complex financial system viewed warily by markets and investors. From its first evocation amid a global financial crisis, in a white paper written by Satoshi Nakamoto, an unknown pseudonym, bitcoin conveyed a political vision.
The four biggest agricultural corporations plan to utilize tech such as blockchain and AI to bring the global grain trade into the digital age. Archer Daniels Midland Company, Bunge, Cargill, and Louis Dreyfus announced in a joint press release that they are looking at ways to standardize and digitize international agricultural shipping transactions “for the benefit of the entire industry.”
An arbitration body in China has ruled that despite the central bank’s ban on cryptocurrency trading, Bitcoin should still be legally protected as a property with economic values. The Shenzhen Court of International Arbitration published a case analysis, detailing its ruling on a recent economic dispute that involved a business contract relating to possession and transfer of crypto assets.
Japan’s Financial Services Agency or FSA is reportedly weighing a plan that would soon put a cap on the leverage in cryptocurrency margin trading. It is meant as a move to curb speculation and market risks.
The police authority in the Indian city of Bangalore has seized an ATM. It took place just weeks after it was set up by a local cryptocurrency exchange called Unocoin. Reports suggest that Harish BV, co-founder and chief technology officer of the exchange, was arrested on Tuesday as he was operating the ATM which was installed in a shopping mall.
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.