Cryptocurrency Daily Roundup – Nov. 1
The most popular cryptocurrency Bitcoin celebrated its 10th birthday this week. It was on October 31, 2008, that Bitcoin’s founding white paper was published by an anonymous cryptographer having the pseudonym Satoshi Nakamoto.
Here is a summary of some of the major news from the cryptocurrency and blockchain world over the past 24 hours.
Hong Kong to regulate crypto funds, exchanges
Hong Kong’s Securities watchdog announced that it will bring digital token portfolio managers and distributors of virtual asset funds under its regulatory net. It also set out a conceptual framework for the potential regulation of cryptocurrency exchanges. The Securities and Futures Commission (SFC) said that it will adopt new measures to protect those who invest in digital token portfolios or funds in light of the significant risks they face.
Chinese Retailer JD.com unveils Blockchain Research Lab
JD.com, China’s largest retailer, has teamed with two technology institutes for the launch of a blockchain research lab. The joint research lab is being set up with the partnership of Ying Wu College of Computing at the New Jersey Institute of Technology or NJIT and the Institute of Software at the Chinese Academy of Sciences or ISCAS. The lab will focus on solving efficiency and stability challenges, which are considered to be the most significant blocks for the wider application of blockchain.
EY launches secure private transactions On public Ethereum blockchain
Ernst & Young or EY, has launched a prototype system using the zero-knowledge proof (ZKP) technology that enables secure and private transactions on the public Ethereum blockchain. The final product is expected to be launched in 2019. The ZKP technology used for the prototype system called EY Ops Chain Public Edition (PE) is expected to allow companies to privately and securely create and sell product and service tokens on a public blockchain with private access to their transaction records.
Bitcoin celebrates 10th anniversary
Bitcoin, the most famous and major cryptocurrency, and the first product out of blockchain technology, turned 10-years old. It was on October 31, 2008, that Bitcoin’s founding white paper was published by an anonymous cryptographer with the pseudonym Satoshi Nakamoto. In the past 10 years, Bitcoin has evolved from an anti-establishment hobby on the internet among coders to around $110 billion market. The cryptocurrency’s first ever recorded trading price was $0.003 on March 17, 2010, on the now-defunct platform bitcoinmarket.com.
As of this writing, Bitcoin is climbing 1.32 percent or $81.97 at $6306.74. Etherium is trading higher by 2.09 percent or $4.03 at $196.58 on Coinbase.
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