There are over 600,000 asteroids orbiting near the earth. These asteroids are mineable with resources ranging from iron and nickel to gold, iridium, silver, osmium, palladium, and platinum. One of the nearest asteroid, 16 Psyche, has been estimated to be worth about ,000 quadrillion in iron deposit alone. NASA has estimated that there is over 0 Quintillion Dollars in mineral resources in these asteroids and is making plans to make them minable. However, ownership of these asteroids have been a hotly contested debate, until now. Disclosure: This is a Sponsored Article Introducing BlockClaim Developed and built by Asteroid Ltd, BlockClaim
BitNewz.net
PR – ARena Space Will be the World’s First Amusement Parks Company to Launch an ICO
Amusement parks operator ARena Space has announced the launch of the first Initial Coin Offering to enter the global market. Pre-ICO starts on the 30th of October and will continue until the 25th of November, 2017. Hard Cap – 0 000. ICO will be on from the 25th of November until the 25th of December. Hard Cap – 350 000. ARena Space is an AR/VR entertainment parks chain based on the immersive virtual reality technology ARena Full Immersion VR, ARena Park Manager management system, and attractions developed in-house. People in our parks escape the borders of the everyday world:
BitNewz.net
Abra Closes $16M in Funding and Looks to Venture Into Consumer Product Space
Abra, a mobile payment and digital currency platform that relies on Bitcoin, closed million in series B funding, led by Foxconn, the electronics supplier for Apple and other tech giants. Bill Barhydt, founder and CEO of Abra, made the announcement on October 23, 2017, at Money20/20 in Las Vegas, where he also outlined his vision for how consumer product companies will use Bitcoin in the future. Other investors in the round include Silver Capital and IGNIA, as well as previous investors Ar
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Abra Closes $16M in Funding and Looks to Venture Into Consumer Product Space
Abra, a mobile payment and digital currency platform that relies on Bitcoin, closed million in series B funding, led by Foxconn, the electronics supplier for Apple and other tech giants.
Bill Barhydt, founder and CEO of Abra, made the announcement on October 23, 2017, at Money20/20 in Las Vegas, where he also outlined his vision for how consumer product companies will use Bitcoin in the future.
Other investors in the round include Silver Capital and IGNIA, as well as previous investors Arbor Ventures, American Express Ventures, Jungle Ventures, Lerer Hippeau and RRE Ventures. Total funding to date for the company now stands at nearly million.
“We believe that Abra represents the future of digital payments and banking,” Jack Lee, founding managing partner at HCM, the investment arm of Foxconn, said in a statement, adding that Abra could potentially usher in a new era of financial inclusion to billions of people.
In speaking with Bitcoin Magazine, Barhydt explained that Abra plans to use the funds to expand globally and invest in future product development. “We have a lot of project announcements we will be making on a rolling basis,” he said.
Three-Part Vision
Though Barhydt did not offer exact details on what Abra’s new products will be, he did drop several hints in his three-part vision for how consumer products will implement Bitcoin in the future.
The first part, he explained, involves cross-border and consumer payments, which he said has been Abra’s focus for a couple of years now.
The second part involves using Bitcoin as an investment vehicle, in which smart contracts built on top of Bitcoin’s ledger would enable more complicated if-then types of financial transactions – payments that go through only if specific conditions are met.
Abra already relies on smart contracts to hold fiat currency and manage bitcoin price fluctuations, Barhydt explained.
He went on to describe the third part of his vision: “A new model of consumer asset finance,” which he said is where consumer product companies like Foxconn enter into the picture.
It was an idea that he conceived while recently traveling to Africa. There, he saw how a company was leasing solar panels to people who were making regular micro-payments via M-Pesa, a mobile money transfer service.
“They give solar kits to people who use them only if they make a weekly lease payment from M-Pesa wallet,” he explained. If a borrower does not make the payment, a SIM card in the phone communicates with the battery in the solar panel, shutting it off.
His idea was to extend the concept to other consumer appliances, like refrigerators, flat-panel TVs and washing machines, that people in developing countries struggle to afford.
“Using this model of embedding this cellular technology combined with a Bitcoin-based payment system like Abra, you now have a new model where people can do instant on-lease payments,” he said, calling it a “new trillion-dollar business” that can only be done on scale using something like Bitcoin.
Continuing to remain tight-lipped about future product launches, Barhydt said, “Our goal is to be the best digital currency wallet in the world for the average consumer, starting with real cash and bitcoin, and we’ll see how it evolves from there.”
The post Abra Closes M in Funding and Looks to Venture Into Consumer Product Space appeared first on Bitcoin Magazine.
US and Russia Team up to Build a Lunar Space Station
Russia and the United States are not on friendly terms much of the time. There has historically been a lot of political tension between both superpowers, and that situation may not change anytime soon. However, both countries are now collaborating to build the moon’s first space station. It’s an interesting idea, even though it remains to be seen how feasible such a venture truly is in the long run. Building a lunar space station is not something one can expect to complete overnight either. Russia and the US Bury the Hatchet for now Over the past few years, there have been multiple incidents
BitNewz.net
ARena Space Will Launch the World’s First Entertainment Parks ICO
The virtual reality parks operator ARena Space is announcing an Initial Coin Offering (ICO) launch for its global market entry. The Pre-ICO will start at the end of September 2017. The company aims to raise 0K. The ICO will start in November 2017, with a target goal of between .35M and .35M. The investments will … Continue reading ARena Space Will Launch the World’s First Entertainment Parks ICO
The post ARena Space Will Launch the World’s First Entertainment Parks ICO appeared first on NEWSBTC.
Proof of Space: BitTorrent Creator Publishes Eco-Friendly Mining Paper
BitTorrent developer Bram Cohen has published a white paper setting out an eco-friendly alternative to bitcoin’s proof-of-work process.
CoinDesk
Bitcoin Fueled MMO Space Strategy Game Valerian Universe Introduces New Content and Updates
Players onspace strategy game Valerian Universe that gives players free Bitcoin for playing can…nThe post Bitcoin Fueled MMO Space Strategy Game Valerian Universe Introduces New Content and Updates appeared first on Bitcoinist.com.n
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