With the rise in the popularity of cryptocurrencies since the last few years; many major smartphone OEMs have also tried to take advantage of the trend. Taiwanese electronics giant HTC launched its Exodus handset which is based on the blockchain technology for trading and buying cryptocurrencies. Samsung also launched a wallet supporting the currencies with its Galaxy S10 lineup of devices. Now, reports of another major smartphone manufacturer getting into the cryptocurrency market have surfaced online. Latest patent filings by LG reveals it is working on a cryptocurrency wallet for use in its devices. It will be called the ThinQ Wallet and may be introduced soon.LG ThinQ [...]
American social media giant Facebook has announced a digital currency called Libra on the 18th of June. It is a cryptocurrency that aims at allowing billions of Facebook users to make transactions globally. Libra is expected to debut in the year 2020 alongside a blockchain network supporting it. The company also introduced its newest subsidiary called Calibra, which is a payments interface that will leverage the various assets of Facebook like Messenger and WhatsApp.About Libra
As mentioned above, Libra is the latest cryptocurrency backed by Facebook. The company believes it will be used for money transfer between people in developing countries; who do not have [...]
Cryptocurrency is a digital currency format in which a number of encryption techniques are used to regulate the generation of units of currency and verify the transfer of the same. As per latest news, any person in India found dealing in cryptocurrencies is liable to serve 10 years in prison. This penalty will be applicable to all those who “generate, mine, store, sell, transfer, dispose and issue” any forms of cryptocurrencies, directly or indirectly. Also, besides making it completely illegal, the bill associated with the proposal will make the holding of cryptocurrency a non-bailable offence.
The statement was published in a proposal in the draft of [...]
As reported previously, Social Media giant Facebook is planning to unveil its own cryptocurrency. The company is proposing to set up a digital payment system in up to twelve countries by the beginning of the year 2020. The currency is currently referred to as Globalcoin, but the name may change when Facebook outlines its plans in more details. Facebook also claimed that it has already completed talks with the Bank of England regarding the risks and opportunities of a new currency format. However, the latest reports state that the new currency may be unveiled in this month (June 2019) itself.
Apparently, the company is planning a huge push that will include bonuses for [...]
Social media giant Facebook is planning to introduce its cryptocurrency soon, according to the latest reports. The company is planning to set up a digital payment system in about twelve countries at the beginning of the year 2020. The currency, referred to internally as Globalcoin, may be announced with a changed name by the end of this year when Facebook outlines its plans in more details. To reaffirm the reports, it is claimed the company has already completed the talks with the Bank of England about the risks and opportunities of a cryptocurrency. Facebook is seemingly also in talks with a few money transfer firms; to devise an affordable method for people without a bank account [...]
Social media giant Facebook, is reportedly developing a cryptocurrency to be used to transfer money using WhatsApp. WhatsApp, as we know, is owned by Facebook and is going to receive the first taste fo the company’s Blockchain initiative. The report suggests that the company is developing a stablecoin. We’ll discuss what a stablecoin is, further into this article. But for now, its pretty interesting to see how this idea developed.The Social Currency
Facebook had been keen on entering the financial arena, for a very long time. In fact, it had hired PayPal president David Marcus way back in 2014. After a few months at the company, Facebook named him as the head of [...]
HTC has teased its very own blockchain smartphone in an Instagram post. The device, named Exodus, will launch on October 22. This is the world’s first major blockchain phone. The announcement about this was made earlier this year, in May. Blockchain refers to the decentralised ledger technology which underlies cryptocurrencies such as Bitcoin. The HTC Exodus is a crypto phone that supports cryptocurrencies. Rumours also say that you will be able to purchase the phone using cryptocurrency.
Also Read: Samsung To Launch Foldable Smartphone SoonView this post on Instagram
Smartphones, over the years, have become quite stagnant. We see a similar design, specifications and features in the majority of phones. That doesn’t mean there is no innovation, Huawei launched the P20 Pro with a triple-camera setup while Vivo launched the first-ever smartphone with an in-display fingerprint sensor. However, in October, we won’t see a launch of an engineering marvel but, a rather quirky smartphone to say the least. Sirin Labs, the Switzerland-based firm will launch the first-ever blockchain smartphone.
In September 2017, the company unveiled a blockchain-powered smartphone and PC for cryptocurrency nerds. These devices would act as secure wallets [...]
Atari is venturing into a new business of cryptocurrencies with Atari Token. The company has partnered with a brand Infinity Network, which is the creator of blockchain based Atari Token. The company is also planning to create a new digital entertainment platform using the same. It looks like the crypto has already started to pay off, as the latest Bloomberg report suggests that, the stock of the company has already spiked up to 60%.
Atari is mainly known for arcade games and video games, but the name has been also associated with movies and music as well.
Infinity Network has signed up for a long-term contract to use the name Atari. In exchange for this, the French [...]