Nexus partners with Vector to host crypto in space

Vector, a nanosatellite launch company announced a partnership with Nexus to host decentralized cryptocurrency in space using its Satellite platform
20 December 2017   867

Nexus Group, an innovative and rapidly growing product company, developing identity solutions for physical and digital access, has announced its partnership with Vector, a nanosatellite launch company. Two companies aim to deploy a cryptocurrency on a satellite orbiting the earth using Vector's GalacticSky Software-Defined Satellite platform.

This partnership will bring the use for GalacticSky's technology, prove the versatility of the platform and allow future Vector customers to pay for launches using NXS, which is a cryptocurrency of Nexus.

The capabilities provided by the GalacticSky platform, combined with the flexibility of Vector's launch model, bring us one step closer to accomplishing our mission of providing the world with a decentralized currency that can be accessed virtually anywhere, anytime.

Colin Cantrell
Founder and lead core developer, Nexus

Nexus will host NXS currency in space via GalacticSky in order not to be tied to a nation-state and to distribute its blockchain across multiple satellites, providing it much better performance. Vector's mission is to give accessibility to entrepreneurs and space innovators and to revolutionize the commercial space industry.

At the moment of press, these are main market parameters of Nexus:

  • Average price: $4,29
  • Marketcap: $234 054 733
  • 24h volume: $7 172 720

BlackRock to Consider Bitcoin Futures

World largest asset management firm created a workgroup to study the prospects of crypto-based futures
16 July 2018   75

Investment company BlackRock has formed a working group that should find out what benefits the world's largest asset manager can get from entering the cryptocurrency sector, despite the fact that previously its CEO had heavily criticized bitcoin. This is reported by Financial News.

The investment giant, whose assets amount to $ 6.3 trillion, created a team that included experts from various business areas. They must collect information about the cryptocurrencies, the underlying infrastructure and technology of the blockchain.

The working group, which includes investment strategist Terry Simpson, should find out whether BlackRock should invest in bitcoin futures.

Sources also reported that BlackRock is studying the experience of its competitors in this area and the potential impact of their actions on the company's business. The working group will report on the results of its research to senior management.

A spokeswoman for BlackRock reported that the company has been considering blockchain technology for several years, but declined to comment on the cryptocurrency.

The creation of a working group may mark a turning point in relations between BlackRock and cryptocurrencies. Last year, its head, Larry Fink, said that bitcoin is an extremely speculative tool, and the only reason for its popularity is its anonymity. "This is an instrument that is used for money laundering," he said bluntly.

Fink gave his comments even before the appearance of crypto-currency futures. At that time, he saw no opportunity for his company to enter this market.