SpaceChain Completes the First Qtum Transaction in Space

SINGAPORE (SpaceChain PR)SpaceChain, a community-based space platform, announces the successful test of its second blockchain node in space, launched into orbit on October 25, 2018, by a CZ-4B Y34 rocket from Taiyuan Satellite Launch Centre, Xinzhou, China.The node is embedded with SpaceChain’s smart operating system, SpaceChain OS, and can perform blockchain-related functions on the Qtum blockchain such as running smart contracts and multi-signature transactions.

Since the launch on October 25, the team has run a number of connectivity tests to ensure the node’s full operational capability. During these tests, the node’s signal was detected and transaction data has been uploaded to the node to complete the signature and then downloaded via the ground station, finally verified on the blockchain network. The transaction verification information can be found here.

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Planetary Resources’ New Owner Seems a Bit Flaky

Forbes takes a critical look at cryptocurrency/block chain guru Joe Lubin, whose ConsenSys company purchased asteroid mining company Planetary Resources. (Although given the headline, critical seems polite: Cryptopia In Crisis: Joe Lubin’s Ethereum Experiment Is A Mess. How Long Will He Prop It Up?)

So, how does asteroid mining fit into Lubin’s master plan?

Lubin insists ConsenSys is getting more selective in picking projects. But old habits die hard. In October it bought a nine-year-old asteroid-mining company called Planetary Resources. “We see it as a group of amazingly capable people who are interested in exploring how blockchain could ramify on space operations,” Lubin says abstrusely.

Ramify? Huh…

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Luxembourg Lost $13.7 Million on Planetary Resources Investment

Luxembourg Economy Minister Etienne Schneider has disclosed to Parliament that the nation lost €12 million ($13.7 million) investing in the asteroid mining company Planetary Resources, the Luxembourg Times reports.

In October, Luxembourg sold its stake in the company, which was acquired by the block chain management firm ConsenSYS.

The SNCI set up the SAAM Luxembourg, a company created with €13.75 million [$15.7 million], of which €12 million [$13.7 million] was directly invested in Planetary Resources for the 10% stake in its shares.

“This decision to sell results, among other things, from an analysis of the particular American legal context and prudent management which intends to limit the potential exposures of SAAM Luxembourg, or even of SNCI as sole shareholder of SAAM Luxembourg,” Schneider explained.

“The realised capital loss corresponds roughly to the value adjustment (of 100% of the sums invested in Planetary Resources) in the accounts in SAAM Luxembourg’s 2017 annual results,” he added.

Luxembourg Pivots Right Out of Planetary Resources’ Investment


The government of Luxembourg’s investment in asteroid miner turned block chainer Planetary Resources is over, the Luxembourg Times reports.

The Luxembourg government sold its 10% stake in US space firm Planetary Resources ahead of its takeover by blockchain venture ConsenSys.

ConsenSys announced on Wednesday it had acquired Planetary Resources through an asset-purchase transaction.

The Luxembourg government first took a stake in the company in 2016, when the Economy Ministry signed a memorandum of understanding and agreed to invest €25 million. 

The Luxembourg government has also invested in Planetary Resources’ rival, Deep Space Industries.

Planetary Resources Pivots Again: From Asteroid Mining to Block Chain

NEW YORK (ConsenSys PR) — Blockchain venture production studio ConsenSys, Inc. has acquired the pioneering space company Planetary Resources, Inc. through an asset-purchase transaction. Planetary Resources’ President & CEO Chris Lewicki and General Counsel Brian Israel have joined ConsenSys in connection with the acquisition.
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