Daily Crypto News 15.05.2019.

HTC to Offer Exchange of ERC20 Tokens

HTC electronic firm has announced its blockchain smartphone EXODUS 1 will now allow users to exchange major ERC20 tokens like BAT, KNC, and DAI.

Kyber Network‘s liquidity protocol will make this possible by integrating into EXODUS 1’s Zion Vault. All transactions take place on-chain in the Zion Vault and are traceable, meaning users do not need to resort to third-party exchanges.

The EXODUS 1 offers many of the decentralised solutions, including user key custody. The Zion Vault wallet also already supports cryptocurrencies like bitcoin, ether, and litecoin as well as ERC-721 collectables. (Positive)

Samsung is Planning to Extend its Crypto and Blockchain Support to its Range of Galaxy Phones

Chae Won-cheol, senior managing director of the Product Strategy Team at Samsung Electronics’ Wireless Business Division, said:

“We will lower barriers to new experiences by gradually expanding the number of Galaxy models that support blockchain functions. We will also expand our service target countries after Korea, the United States and Canada.”

Back in March, the Korean-based giant released its Galaxy S10, equipped with a cryptocurrency wallet—the Samsung Blockchain Wallet—to store coins and public and private keys. First announced in February, it was also revealed that the device would have a secure private key storage made specifically for blockchain-enabled mobile services. The wallet only supports ether and Ethereum-based ERC-20 tokens at present.

Causing a stir in the crypto world, there was speculation that the use of the blockchain could spur adoption of it. With this latest report, it seems that the technology company is taking further steps to achieve this.

Aside from expanding on its range of Galaxy models to include crypto and blockchain functions, Won-cheol stated that the company is keen to boost security and convenience through the aid of “blockchain-based identification and local currencies by partnering with telecom operators.”

Talks are thought to be underway with SK Telecom and Korean Telecom.

Last year, Samsung SDS, a subsidiary of the tech giant, announced that it was considering the blockchain for supply chain solutions. However, more recently, it was revealed on a Medium post that the tech company is developing its own public-private blockchain mainnet based on Ethereum. This could also result in its own token—the Samsung Coin— in 2020.

In a post from April, it read:

“Samsung is joining the fledgling token economy it would seem. Samsung according to sources, is thinking of a private blockchain, though it is not yet confirmed. It could also be [a] public blockchain in the future, or some kind of hybrid—that is, a combination of public and private blockchains.” (Positive)

German State to Establish European Blockchain Institute

The German state North Rhine-Westphalia (NRW) announced plans to establish the European Blockchain Institute to research blockchain technology.

According to NRW Economics Minister Andreas Pinkwart, the European Blockchain Institute will be founded in the city of Dortmund later this year, inside the Fraunhofer Institute for Material Flow and Logistics (IML).

The press release says that critics of blockchain have voiced concern over the amount of energy consumed by mining bitcoin (BTC). However, Pinkwart addressed these concerns and praised the benefits of blockchain tech, saying:

“This technology can be safe, decentralized, affordable and, when used properly, not too energy-intensive.”

According to the press release, Europe is behind the United States in blockchain advancements and “has to catch up,” which is a goal that NRW hopes to lead the way in achieving. (Positive)

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