Goldman-backed startup introduces crypto version of US dollar
Fintech company Circle is introducing a new cryptocurrency pegged to the U.S. dollar, and it announced a $110 million investment by profitable cryptocurrency mining company Bitmain that brings its value near $3 billion.The Goldman Sachs-backed start-up announced a new cryptocurrency pegged to the dollar, and a $110 million investment round led by profitable crypto mining company Bitmain, which brings Circle's value near $3 billion, the company announced Tuesday.
In May, HTC first announced that it was working on a blockchain - powered smartphone called the Exodus . Share All sharing options for: HTC ’ s blockchain - powered Exodus smartphone is a risky bet Making such a move first could pay off for HTC . And if there’s anyone who can make a dismal
In May well, HTC to start with introduced that it was functioning on a blockchain -driven smartphone termed the Exodus . HTC is in pretty inadequate shape just after a round of layoffs previous 7 days exactly where the corporation laid off 1,500 staff in Taiwan in hopes of getting to be lucrative.
In May, HTC first announced that it was working on a blockchain-powered smartphone called the Exodus. The news came as one of the company’s more intriguing projects after a poor start to the year. Last year, HTC shipped over 2 million products in Q1. This year, it shipped only 630,000 products in Q1, according to numbers from IDC.
HTC is in pretty poor shape after a round of layoffs last week where the companyin Taiwan in hopes of becoming profitable. Sales in June were down 68 percent, . Its latest flagship, the U12 Plus, has received over its odd solid-state buttons and software bugs.
HTC is launching a blockchain-powered phone
HTC is developing a new Android phone that will be powered by blockchain technology. The phone, named Exodus, will feature a universal wallet and a built-in secure hardware enclave to support cryptocurrencies and decentralized applications.
In May, HTC first announced that it was working on a blockchain - powered smartphone called the Exodus . He reasons that a blockchain - powered phone for HTC can’t be a cheap gimmick to raise funds for a That’s what makes HTC ’ s blockchain - powered phone a risky bet that could pay off .
In May, HTC first announced that it was working on a blockchain - powered smartphone called the Exodus . The news came as one of the HTC is in pretty poor shape after a round of layoffs last week where the company laid off 1,500 employees in Taiwan in hopes of becoming profitable.
It’s a less than stellar time for blockchain, as well. Cryptocurrency prices are low, and last month, bitcoinin a report from researchers at the University of Texas at Austin.
Considering HTC’s financial situation, there’s a lot at stake with the Exodus phone. Now we have details from HTC’s Phil Chen about when we can expect the phone to be released and an estimate on how much it might cost. Although Chen was vague on specifics, he told The Verge that we can expect the phone around the end of this year and we can expect a price announcement by the end of Q3. When I mentioned that the world’s first blockchain-powered phone called Finney, created by Sirin Labs, costs $1000, Chen said the price of Exodus would be “comparable.”
Cryptocurrency wealth sinks by $45 billion in a week
So much for the Blockchain Week bounce. With thousands of cryptocurrency diehards swarming into Manhattan for this week’s Consensus 2018 conference and other industry related events, the prediction from Bitcoin bulls like Tom Lee of Fundstrat Global Advisors was that the hype-filled gathering would trigger a market rally.Alas, not even a trio of (rented) Lamborghinis, a 1,000-person yacht party and a performance by 46-year-old rapper Snoop Dogg could prevent the value of virtual currencies tracked by Coinmarketcap.com from sinking by $45 billion since May 11.
2 months ago, HTC announced that it was working on a blockchain - powered smartphone device it calls Exodus . This among many other reasons indicates that HTC ’ s business is currently struggling. Some weeks ago, the company laid off 1,500 employees in Taiwan with the hope that it will be
Using the HTC Exodus on the HTC blockchain network, users will be able to trade cryptocurrency for free. HTC is even mulling over the idea of accepting cryptocurrency as a method What do you think? Is a blockchain - powered smartphone something you need in your life? Let us know in the comments!
Exodus will have global availability once released and Chen says, “I want to say it will be available definitely everywhere outside of China.” He elaborates that it will be more difficult to bring Exodus to China as “China has different rules, everywhere from regulations to how Android even works in China.”
When Chen announced the Exodus phone, he said, “We envision a phone where you hold your own keys, you own your own identity and data, and your phone is the hub.” Now Chen tells me that a phone where you can own your identity is a little further in the future, while the one coming by the end of the year will be a phone with a wallet and a partnership with . Details on the device’s specs aren’t available yet.
In the long term, he hopes to find a more efficient way to mine cryptocurrency on mobile, by consulting with “famous” experts under HTC’s employment. Mining on mobile efficiently will take time to figure out, but HTC is already looking at different consensus protocols that might make that happen and Chen says the company may release a white paper this year with more details.
Wyoming courts tech behind cryptocurrency to entice business
Wyoming hopes being friendly to tech underlying cryptocurrency entices business. The state recently passed laws aimed at luring companies tied to blockchain technology. Dozens of them have registered in state, but few on-the-ground businesses are setting up shop there so far. Blockchain is the ledger where transactions of digital currencies, like bitcoin, are recorded.CHEYENNE, Wyo. — Block Chain Gang LLC, Crypto Cowboy, Something Something Blockchain LLC: Based on the names of dozens of new companies registering to set up shop in Wyoming, the state's effort to lure the latest tech craze appears to be paying off.
Known as the HTC Exodus , the smartphone is designed to support cryptocurrencies and decentralization of data. DT can fix that . Here’s everything you need to know about HTC ’ s blockchain - powered phone . If you’re looking for more cryptocurrency-enabling blockchain phones
HTC Exodus Blockchain - Powered Smartphone to Debut in Q3. You need to be signed in to post comments. Sign in with Google.
Chen credits himself as the one who initially raised the idea of a blockchain-powered phone to HTC executives, after watchingclosely since 2015. He floated the idea, and by the end of last year, as bitcoin prices were rising rapidly, the idea appeared more attractive to HTC and quickly grew into a strategy.
In early 2018, developers got to work coding. And “come March and April, it became clear that somebody needed to run this thing,” says Chen. That
Within the last year, however, cryptocurrency mania has died down and the frequency ofhas become a cautionary tale. A partnership to be the sole company to bring digital cat trading to mobile and for users to hold their own cryptocurrency wallets could potentially fall or at least appear to fall into the category of scams and gimmicks.
In response, Chen claims that the phone with a cryptocurrency wallet will be “the most secure hardware wallet out there.” He also hopes that trading virtual cats will encourage gamers and people who are less familiar with cryptocurrency to try out the Exodus phone. “Gaming is the most approachable thing on mobile, for the non-crypto crowd,” he says.
Huawei gets its first smartphone with 8GB of RAM
Huawei just unveiled the Honor 10 GT, which will be its first smartphone with 8GB of RAM. Its predecessor, the Honor 10, which launched in April for China and in May internationally, only had options for 4GB or 6GB of RAM.Besides the extra RAM, the new smartphone will have the same specs and appearance as the regular Honor 10. The Honor 10 GT has a 5.8-inch, 2280 x 1080 LCD display with a fingerprint sensor on the home button. It has a notch where the front-facing 24-megapixel selfie sensor is and an otherwise nearly edge-to-edge display. It’s powered by a Kirin 970 processor and a 3,400 mAh battery.
In May, HTC first announced that it was working on a blockchain - powered smartphone called the Exodus .
The Exodus blockchain phone will cost about ,000, a comparable price tag with the upcoming HTC ’ s direction in crypto is definitely an investment, and Exodus is a risky bet that might steer the However, what needs to be seen is whether this phone would lead the company out of troubling
Chen sounds as if he’s just hoping the Exodus phone will appeal to somebody. He’d like a phone that appeals to non-cryptocurrency enthusiasts, but he’s also targeting a “niche market,” in his words, of 30 million bitcoin wallet users looking for a device to access and manage their coins. But even companies like Googleat that volume in a world dominated by Apple, Samsung, and Chinese smartphones. And here’s HTC betting on a niche-by-design device.
“It seems to me that they’re almost grabbing things that aren’t really there. Blockchain doesn’t make a sense to a lot of people,” Will Stofega, program director at IDC for mobile and drones, told The Verge. “With the Exodus, [Chen] is hoping he’ll get people to be each node, as each Exodus device will form one node in the blockchain. But the problem is, does anyone want to be in that chain?”
Over the past year,for most companies, with China’s Xiaomi being . “There’s very little they can do right now. The refresh cycle has slowed down. Everyone pretty much has a smartphone.” For a new phone to compel everyone to purchase it, “it has to be real magic. It has to be incredible.” Stofega mentioned Samsung and other companies’ . “That sounds exciting, but I’m not sure that’s even good enough, that that really adds any value.”
Does Your Smartphone Battery Die Way Too Fast?
Consumer Reports has no financial relationship with advertisers on this site. Consumer Reports has no financial relationship with advertisers on this site. Q. My smartphone battery dies quickly. What can I do to make it last longer? A. There are a few strategies you can use to conserve a smartphone's battery power, says Rich Fisco, CR's head of smartphone testing. To start, go to your phone's Settings > Battery menu to see whether you have a "low power mode" or "battery saver" that can be activated. What these do—and you can do à la carte if your phone doesn't have that catchall setting—is lower the screen's brightness. Also disable notifications from apps, such as Facebook and Spotify, and, if you use an animated wallpaper on your home screen, switch to a static one, such as a photo. For Android phone owners, Fisco also recommends checking your widgets, which are Android phone features that give you real-time looks at what your various apps are doing. "If they're live and constantly updating," he says, "disable or delete them." If none of this helps appreciably, check your smartphone battery's capacity. Recent updates to iOS let you monitor your iPhone's "battery health" in Settings. You can do the same thing with Android phones by downloading an app; Fisco uses one called AccuBattery that shows what percentage of original capacity your smartphone battery is currently operating at.
HTC ' s blockchain -based Exodus 1 smartphone comes with a secluded area kept separate from the Android operating system it runs on to keep a customer's "It basically is a wallet, but the wallet, what it does is hold your private keys." Private keys are lines of code which are meant to be known only to
The HTC Exodus will be HTC ’ s new smartphone , but it will be slightly different to what they’ve done before. The HTC Exodus will be a ‘ blockchain phone ’, which means it’ll come with a number of blockchain related features, such as a cryptocurrency wallet built straight into the device.
Still, Stofega said that the fact that tech giants in the smartphone industry like Apple and Samsung haven’t yet thought to make
He reasons that a blockchain-powered phone for HTC can’t be a cheap gimmick to raise funds for a struggling business because the technology isn’t even there yet. “I think most of us would agree that blockchain and crypto are still super early. HTC’s direction in crypto is definitely an investment. To say that doing a crypto phone is going to help HTC get in the black or stay in the black wouldn’t be correct since it’s a very niche market. It’s definitely a view in the future.”
That’s what makes HTC’s blockchain-powered phone a risky bet that could pay off. Stofega quips, “If this is the future and HTC has latched onto it first, then they’re ahead of everyone else. But the future comes when it comes and not when HTC needs it to come.”
Palm Android Smartphone Will Sport A 3.3-Inch Screen .
The Palm Android smartphone, believed to be called Pepito, is expected to be sold through Verizon in the U.S.TCL is planning to revive the Palm brand by releasing a new Android smartphone. A purported render for the upcoming Palm smartphone has been leaked online and it features a very small screen.