US voters equate crypto with fiat, Alrosa joins blockchain, Bitstamp is acquired by NXMH, Coincheck has a great revenue decline, Phil Chen presents HTC Exodus 1, StarkWare receives huge investment
- A new survey by a blockchain research firm Clovr shows that nearly 60% of eligible voters in the U.S. believe that crypto should be treated like fiat currency in political elections.
- Alrosa, the world's second-largest diamond producer form Russia, is joining the blockchain pilot program Tracr spearheaded by De Beers to trace the stones' provenance.
- The Bitstamp cryptocurrency exchange has been acquired by NXMH, an investment firm owned by South Korean conglomerate NXC.
- Coincheck saw a 66% decline in revenue for the third quarter of 2018, raising $28 million as compared with $84 million the preceding quarter.
- Phil Chen, the decentralized chief officer at HTC, has presented the first blockchain based crypto phone, HTC Exodus 1, at the Web3 Summit held in Berlin.
- StarkWare Industries got 30M investment not from ICO, but from huge investors. StarWare develops zk-stark solutions for blockchains and cryptocurrencies. Zero-knowledge proofs are believed by some to be a key primitive for blockchain scalability and privacy. Zk-starks, unlike zk-snarks, have no need for a trusted setup and do not rely on elliptic curves, which means that they have a much better chance against attackers with quantum computers, should those come around in the nearest future. However, zk-starks come with a big downside — the size of proofs which can go up to as high as a few hundred kilobytes. Sometimes the cost will not be worth it, but at other times, particularly in the context of public blockchain applications where the need for trust minimization is high, it may well be.
- BTC is trading at the price of $6,309, ETH slightly drops to $196.11 at the moment of writing.