Samsung Integrating Crypto Wallet In Their Next Flagship Smartphone Iteration
One of the largest industrial conglomerates in South Korea, Samsung has reportedly released a cold wallet system that will be integrated to the next iteration of its flagship product galaxy series smart phones.
The next time consumers buy their Smartphone they will see cryptocurrency wallet functionality in it thanks to Samsung latest attempt to help mass adoption for the emerging asset class.
The said move is not that surprising to many as the industrial giant has demonstrated interest towards cryptocurrency sector in the past.
In fact it has been actively contributing to the development of mining equipment with its partnerships with Chinese and Canadian companies.
Reports reveal that Samsung has been working with Halong Mining from China as well as Squire in Canada for several months now for the development of mining equipments.
Its foray in the said industry is a natural fit since the company has a large-scale foundry which they can easily leverage.
In another move that would showcase the company’s tendency to utilized existing line of products, the company will start offering cold crypto wallet functionality on its flagship product, the Samsung Galaxy S10.
The new feature is reportedly able to import existing wallets into its platform as well as create new wallets with recoverable private keys.
It is expected that it will support the top coins initially and adding more crypto support thereafter.
Several Crypto Exchanges In South Korea Join Forces
In their bid to enhance the whole cryptocurrency space in South Korea several top crypto exchanges in the country have banded together and conducted a parliamentary policy debate.
The primary purpose of the meeting is the creation of a sound cryptocurrency ecosystem. These exchanges include Upbit, Bithumb, Korbit, Coinone, Gopax, Coinplug and Hanbitco.
The meeting concluded with a singing of an agreement that included information sharing and real-time monitoring of abnormal transactions.
This will help prevent cyber crime in the space as well as increase protection of the exchanges users.
The agreement also saw the establishment of a consultation system that will prevent money laundering, enhance KYC procedures and some restrictions of transactions for unverified users.
This latest development coming from South Korea highlights its affinity towards legitimizing cryptocurrency as a new asset class.
Regulatory officials mid-2018 have stated that they would want crypto exchanges to be regulated the same manner as banks.
They have also expressed the desire to provide regulatory clarity on ICOs as soon as legislations are ready.
Derivative Market In Huobi Now Live
One of the largest cryptocurrency exchange in the world in terms of transaction volume, Huobi has recently announced their Derivatives Markets product.
The said product offering went live last Tuesday.
Its CEO, Livio Weng has revealed that as the cryptocurrency market matures and expands traders are looking for new ways on getting exposure to the emerging asset class and this is their way of meeting their demand providing them a full range of trading services in one convenient place.
With this new offering users will be able to avail themselves ratios up 20:1 making it possible for them to get higher gains.
It has also been reported that participants will have an additional layer of security as Huobi has put in place a security fund that will be used to cover loses just in case of a security breach.
To sweeten the deal for early adopters, Huobi is giving away 1,000 Houbi Tokens (HT) to three people who open their first contract in December and will be giving out 5 HT to first 8,000 users that will be able to complete risk certification.
However, Huobi’s derivatives markets is only available to select countries leaving out some high-value markets such as the United States, Singapore, Hong Kong and Israel.
What Is Bitcoin? Google’s Top Search Inquiry
It has been reported that the most searched topic in Google has not change that much compared to last year.
Since it started gaining mainstream attention in 2017 due to its meteoric rise in value, Bitcoin has been a staple on internet searches worldwide.
This is despite the fact that it has lost most of its gained value due to the persisting bearish sentiment in the market.
However with this recent revelation the popularity of this new asset type continue to rise.
“What is Bitcoin?” is 2018’s top Google searches at least in both the United Kingdom and the United States of America.
It has out ranked other queries such as GDPR, Ibex, government shutdowns and other top searchers.
It is also the most asked question in Google in other countries such as Ghana, Nigeria, South Africa and Australia.
This comes as great news to the cryptocurrency community which has been greatly affected by the prevalent downward trend in the whole cryptocurrency ecosystem.
They rest assured that the world is still interested in this amazing new technology that many believe to be the next evolutionary step on how we transfer and exchanges value.
A Year After First Bitcoin Futures Product Offering
It has been a year since Chicago Board Options Exchange (CBOE Global Markets) has made history for bringing in the first fully-fledge Bitcoin (BTC) product.
This was on December 11th 2017 where we saw Bitcoin Price surged from $14,500 to $15,700 in minutes driven which can be attributed to the influx of interest to the new asset type.
Although the initiative was able to open up market to users who otherwise would not have access, it failed to catalyze an unparallel influx of institutional money.
Despite these results traditional Wall Street Firms are preparing to launch their own similar bitcoin products.
Notable of these firms are Bakkt, Nasdaq and new player ErisX
Bakkt is a crypto startup that is owned by Intercontinental Exchange, the same company that is operating the world’s largest stock exchange, New York Stock Exchange.
Nasdaq, the second largest stock exchange in the world is planning to embark on its first crypto foray early in 2019 upon U.S. CFTC approval.
ErisX is a TD Ameritrade backed crypto exchange that will directly compete with Bakkt.
Not much is known of ErisX but is expected to mirror the product offering of Bakkt.
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