Venezuelan president Nicolás Maduro has authorized Petro-to-fiat trading, and says his government will provide the necessary technology to all business holders in the country who want to start accepting crypto pay. Maduro stated that his move – effective as of October 23 – would allow the “three million” Venezuelans with Petro holdings to convert their…
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Blockchain software technology company ConsenSys unveils Ethereum-based satellite tracking app TruSat. Blockchain software technology company ConsenSys has unveiled Trusat, a satellite tracking application based on the Ethereum (ETH) network. According to the firm’s tweet posted on Oct. 22, Trusat aims to tackle the problem of space debris that could damage Earth’s space infrastructure. Tackling space…
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During the Congressional hearing on Oct. 23, Mark Zuckerberg touched upon the potential threat of China’s digital currency. Facebook CEO Mark Zuckerberg testified before the United States House of Representatives Financial Services Committee today regarding the Libra stablecoin project. Facebook’s Libra vs. China’s digital renminbi During the much-anticipated hearings before Congress on Oct. 23, lawmakers…
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Having made a big move at the start of 2019, Bitcoin price now needs to consolidate its gains, argues Fundstrat’s Tom Lee. Having made a big move at the start of 2019, Bitcoin (BTC) now needs to consolidate its gains, argues Fundstrat’s Tom Lee. In an Oct. 22 interview for BlockTV, Lee — a renowned…
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Computing resources dedicated to Bitcoin transaction validation is bigger than ever, underscoring miners’ overall bullish sentiment despite the price falling. Bitcoin (BTC) continues to set new records for its network hash rate this month, a sign that miners have shaken off weak price performance. Hash rate hits all-time highs in October Data from monitoring resource…
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Almost half of all people working in the blockchain industry are reportedly employed by cryptocurrency exchanges. Almost half of all people working in the blockchain industry are employed by cryptocurrency exchanges, new research from industry-focused publication The Block reveals. The Block published the research results on Oct. 23, stating that 42% of people at 158…
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The CEO of major United States crypto exchange Coinbase, Brian Armstrong, said that the exchange generated nearly $2 billion in transaction fees since 2012. At Vanity Fair’s New Establishment Summit, Coinbase CEO Brian Armstrong said that Coinbase has generated close to $2 billion in transaction fees since it launched in 2012. On Oct. 23, the…
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The Dutch bank ING found a solution to improve the security and privacy trade-off on R3’s Corda, an open-source blockchain platform. ING announced that researchers at the financial services firm have solved a security and privacy issue on blockchain software firm R3’s Corda blockchain. On Oct. 23, ING’s distributed ledger technology team presented its white…
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Financial Services Committee Chair Maxine Waters said that she is still not pleased with Facebook’s proposed Libra stablecoin. Following testimony before the United States House of Representatives Financial Services Committee earlier today, lawmakers are still concerned about the possible launch of the Libra stablecoin. On Oct. 23, legislators heard statements from Facebook CEO Mark Zuckerberg and posed…
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Major cryptocurrency exchange Binance prepares to list the first-ever SEC-sanctioned Blockstack token. Major cryptocurrency exchange Binance is preparing to expand its token offering with the listing of Blockstack (STX). According to an announcement on Oct. 23, the cryptocurrency exchange will open trading for STX/Binance Coin (BNB), STX/Bitcoin (BTC) and STX/Tether (USDT) trading pairs on Oct.…
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