- Korea’s Finance Minister Approves Banks Working With Crypto Exchanges
Choi Jong-Ku, the commissioner of the Financial Services Commission (FSC) of South Korea, has reaffirmed that there exists no issues related to compliance and security in the process of banks providing virtual bank accounts to local cryptocurrency exchanges.
2. Vitalik Buterin Says Ethereum’s 1000x Capacity Upgrade is Coming
Ethereum 2.0 is coming soon, and it could increase by a thousandfold the Ethereum network’s capacity to process transactions.
3. Hong Kong Stock Exchange Partners With Blockchain Firm to Improve Post-Trade Process
The Hong Kong Exchanges and Clearing Limited (HKEX) has partnered with blockchain firm Digital Asset to accelerate the post-trade process, financial news agency Finextra reports Oct. 31.
4. Morgan Stanley Says Crypto Is A New Institutional Asset Class
Institutional investors are increasingly getting involved in bitcoin and other cryptocurrencies — while the number of retail investors in the space is staying stagnant — according to a new report by Morgan Stanley.
5. Most Popular Ethereum Wallet MetaMask Finally Releases Mobile Client
MetaMask, the most popular Ethereum and ERC20 token standard wallet developed by ConsenSys, has released its mobile client at DevCon.
6. Circle Joins Industry Body for Developing Global Crypto Standards
Crypto finance company Circle has joined the Global Digital Finance (GDF) industry body as a founding member to develop a global “Code of Conduct” for crypto, according to a press release shared with Cointelegraph on Wednesday, Oct. 31.
7. Venezuela Officially Launches State-Owned Petro Coin
Cryptocurrency, Petro Coin–In a move that could have potential ramifications for cryptocurrency and economies around the world, Venezuela has officially launched the first state-backed “cryptocurrency” in the form of the Petro coin.
8. Mainstream: ‘Big Four’ Firm EY Builds Enterprise Product on Public Ethereum Blockchain
The global professional services firm has unveiled a Public Edition (PE) prototype of its EY Ops Chain, using the public Ethereum blockchain to deliver what the company describes as the “world’s first implementation of zero-knowledge proof (ZKP) technology.”
9. To the Moon? Ethereum Startup ConsenSys Acquires Asteroid Mining Company
New York-based blockchain software technology startup and Ethereum development studio ConsenSys has acquired asteroid mining company Planetary Resources, Inc. through an asset-purchase agreement.
10. Ripple Announces Expansion in the Middle East, Reveals Nearly 200 Financial Institutions Have Joined RippleNet
Ripple’s global head of infrastructure innovation Dilip Rao says nearly 200 banks and financial institutions are now on RIppleNet.
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