Blockchain

HTC/Binance Cryptophone Finally Here: Release of the HTC EXODUS 1

HTC, Taiwanese consumer electronics, in partnership with Binance will release the new variation of the EXODUS 1 smartphone product on 5 December 2019. This sale will only run on the HTC EXODUS Website. The release of this crypto-engineered phone was announced early last month by the exchange. This smartphone will kick off sales at a retail price of US $599, which is equivalent to SG $889. In an attempt to serve its purpose, users can purchase this device using crypto (Bitcoin and BNB). Purchase Rewards During the announcement, it was revealed that Binance will be issuing 500 buyers with an […]

The post HTC/Binance Cryptophone Finally Here: Release of the HTC EXODUS 1 appeared first on CoinBeat.

Published

1 year ago

December 4, 2019

Republished by Plato

The release of this crypto-engineered phone was announced early last month by the exchange. This smartphone will kick off sales at a retail price of US $599, which is equivalent to SG $889. In an attempt to serve its purpose, users can purchase this device using crypto (Bitcoin and BNB).

Purchase Rewards

During the announcement, it was revealed that Binance will be issuing 500
buyers with an “early adopter” bonus of US $100. However, the bonus is issued
in BNB rather than in fiat currency. Buyers for the bonus will be identified on
a first come first served basis. These first 500 consumers must be KYC
completed to enjoy the bonus.

After purchasing the device through the HTC EXODUS site, submit the purchase information as well as the Binance referral ID before 12 March, 2020. Binance will then distribute BNB rewards to individual accounts.

Cryptophone Attractive Traits

According to Binance CEO, Changpeng (CZ) Zhao, “The most innovative
smartphone makers are racing to adopt crypto. We are delighted to support and
work with HTC EXODUS to make sure its users can access the Binance Chain
and DEX support to help people access crypto and exchange anywhere.”

This phone has a built-in hardware wallet to store certain digital currency. In addition, it has the capability to run a complete Bitcoin node. Also, it will retain the key features of an outstanding smartphone. This model boasts outstanding security features, second to none storage, and various connectivity options (3G, 4G, GPS, WiFi).

Adding to the EXODUS 1’s line, the key objective remains to empower its users. It is giving them their own keys as well as allows them run their own full Bitcoin node. Crypto enthusiasts and crypto traders have the opportunity to upgrade their smartphones to meet relevant functionality.

Source: https://coinbeat.com/htc-binance-cryptophone-finally-here-release-of-the-htc-exodus-1/?utm_source=rss&utm_medium=rss&utm_campaign=htc-binance-cryptophone-finally-here-release-of-the-htc-exodus-1

Related Topics:Binance Bitcoin blockchain BNB Crypto Cryptocurrency DeFi Digital Currency DYOR Ethereum FOMO Forking FUD Hodl REKT Satoshi Security US Wallet

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Blockchain

Millenials Prefer Bitcoin Over Gold, But it it Still Extremely Unequal, Study Finds

Published

24 mins ago

January 26, 2021

Republished by Plato

A recent study revealed that Bitcoin and the rest of the cryptocurrencies no longer have the bad reputation that haunted them in the past. In fact, it seems that as the years go by, the preference towards digital tokens is beginning to overtake historically favored assets such as gold and silver.

SimpleMoneyLife —a site focused on personal finance— published a research compiling information from a lot of notable sources —and providing their own insights and findings too. The results are interesting and show that there is still a lot to work on even though the ecosystem has grown a lot.

The research cited a study by deVere Group revealing that 67% of millennials believe Bitcoin is a superior safe-haven asset to gold. This narrative is increasingly gaining traction in the world of cryptocurrencies and traditional finance.

Cryptopotato recently reported that the CEO of Skybridge Capital named Bitcoin as a store of value comparable to gold, with the Bank of Singapore also making a case for this thesis.

Bitcoion vs Gold

SimpleMoneyLife claims that even as a scarce commodity, gold loses out to bitcoin in terms of rarity:

Unlike gold, we know exactly how much Bitcoin is currently in circulation and how much will be in 2050. Bitcoin is better at being scarce than gold.

The study also assures that the Blockchain technology market cap could exceed $40 Billion by 2025. Analysts say that this type of technology could influence how various industries currently do business and develop their activities. Some of the areas that will benefit the most from blockchain technologies are: Supply Chain Management, Secure Elections, Healthcare, Smart Contracts, Keeping Verified Records, Banking, and the Internet of Things (IoT).

Analysts also highlighted that the United States is starting to take a fresh look at blockchain technologies, adding that the country could begin investing close to $4.2 billion on blockchain solutions soon.

The Crypto Twitter community is also very active. SimpleMoneyLife explained that, on average, cryptocurrency enthusiasts send more than 70,000 tweets about Bitcoin every day. They did not share data on activity around other altcoins with a large social media presence such as Chainlink, Ethereum, XRP, Tron, or the new DeFi coins.

The Study Shows an Extremely Unequal Bitcoin Ecosystem

SimpleMoneyLife also highlighted some findings of the inequality of the Bitcoin ecosystem. As much as algorithmically Bitcoin has no preferences, socially, it does.

First, the Bitcoin ecosystem is male-dominated. The compilation notes that UBS says 85.77% of Males are Engaged in the Bitcoin Community Compared to 14.23% of Females.

Want to rdig deeper into the stereotypes? Bitcoin appears to be 80% dominated by white males. Hispanics and black respondents follow with 66% and 61%, of the rest respectively.

In terms of mining, China controls 65% of the network’s total power. Simultaneously, the rest is distributed around the world, with the United States far behind in first place with a mere 7.24% of mining power.

And in terms of wealth distribution, Bitcoin is extremely unequal, with just 2% of wallets controlling more than 95% of total Bitcoin wealth and the next 100 wallets dominating 13% of the remaining total.

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Source: https://cryptopotato.com/millenials-prefer-bitcoin-over-gold-study-simplemoneylife/

Blockchain

TA: Ethereum Trims Gains, Why ETH Could Find Strong Support Near $1,275

Published

52 mins ago

January 26, 2021

Republished by Plato

Ethereum started a downside correction after trading to a new all-time high at $1,480 against the US Dollar. ETH price is currently approaching the $1,300 and $1,275 support levels.

Ethereum started a fresh downside correction from the $1,480 resistance zone.
The price is down around 10%, and it is trading close to the 100 hourly simple moving average.
There was a break below a major bullish trend line with support near $1,385 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is likely to find a strong buying interest near the $1,275 and $1,280 support levels.

Ethereum Price is Approaching a Major Support

After a strong increase above $1,400, Ethereum failed to test the $1,500 resistance zone. A new all-time high was formed near $1,480 before the price started a fresh decline.

There was a clear break below the $1,400 and $1,380 support levels. More importantly, there was a break below a major bullish trend line with support near $1,385 on the hourly chart of ETH/USD. The pair broke the $1,350 support level to move into a short-term bearish zone.

A low is formed near $1,292 and ether is currently attempting a fresh increase. It broke the 23.6% Fib retracement level of the recent decline from the $1,478 swing high to $1,292 low.

Source: ETHUSD on TradingView.com

On the upside, there is a major resistance forming near the $1,365 level. It is close to the 50% Fib retracement level of the recent decline from the $1,478 swing high to $1,292 low. There is also a connecting bearish trend line forming with resistance near $1,385.

Ether price is approaching a couple of important supports near $1,300 and $1,285. The main support is forming near the $1,275 level, below which there is a risk of a larger decline in the coming sessions.

Dips Supported in ETH?

Ethereum is currently down around 10%, and it is trading close to the 100 hourly simple moving average. To start a fresh increase, it must gain bullish momentum above the $1,365 and $1,385 resistance levels.

A successful close above the trend line resistance and $1,385 could set the pace for a fresh increase. The next major resistance is near the $1,450 and $1,480 levels.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is slowly losing pace in the bearish zone.

Hourly RSI – The RSI for ETH/USD is currently well below the 50 level.

Major Support Level – $1,275

Major Resistance Level – $1,380

Source: https://www.newsbtc.com/analysis/eth/ethereum-eth-could-find-strong-support-near-1275/

Blockchain

Kraken Daily Market Report for January 25 2021

Published

54 mins ago

January 26, 2021

Republished by Plato

Overview

Total spot trading volume at $1.6 billion, close to the 30-day average of $1.65 billion.
Total futures notional at $612.2 million.
The top 5 traded coins were, respectively, Bitcoin, Ethereum, Tether, Polkadot, and Chainlink.
While most coins were down, strong returns from Keep (+9.0%) and Icon (+7.2%).

January 25, 2021 $1603.8M traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD
XBT $32302. ↑0.07% $653.4M	ETH $1320.8 ↓5.2% $642.8M	USDT $1.0000 ↓0.1% $149.4M	DOT $17.241 ↓4.2% $54.6M	LINK $23.501 ↓5.4% $38.6M
USDC $0.9999 ↑0.0% $27.8M	ADA $0.3436 ↓3.0% $21.2M	LTC $137.24 ↓2.7% $17.4M	XRP $0.2678 ↓2.1% $14.4M	UNI $11.352 ↓5.6% $10.4M
BCH $433.22 ↓1.5% $9.21M	AAVE $249.26 ↓6.7% $8.07M	XTZ $2.9227 ↓4.0% $5.88M	XLM $0.2614 ↓3.7% $5.26M	SNX $15.519 ↓12% $4.88M
ALGO $0.5579 ↓0.9% $4.48M	XMR $137.44 ↓0.5% $4.18M	CRV $2.0099 ↓11% $3.4M	ICX $0.8134 ↑7.2% $3.17M	TRX $0.0295 ↓1.6% $3.07M
YFI $29369. ↓8.9% $2.95M	DAI $1.0001 ↓0.18% $2.9M	GRT $0.5304 ↓4.5% $2.85M	FIL $22.429 ↓1.2% $2.51M	ZEC $88.030 ↓2.3% $2.32M
KSM $99.319 ↓4.5% $2.24M	COMP $213.27 ↓15% $2.2M	ATOM $7.7592 ↓6.0% $2.11M	EOS $2.6516 ↓2.4% $2.03M	WAVES $6.7022 ↓4.3% $1.72M
NANO $3.1847 ↓5.7% $1.65M	BAT $0.3018 ↓5.4% $1.6M	OMG $3.5432 ↓1.3% $1.54M	DASH $105.09 ↓1.1% $1.54M	KAVA $2.3747 ↓8.2% $1.39M
KEEP $0.3268 ↑9.0% $1.28M	QTUM $3.2947 ↓7.4% $1.26M	OXT $0.2944 ↓0.27% $1.21M	MANA $0.1633 ↓4.9% $999K	ETC $7.4950 ↓2.1% $810K
XDG $0.0083 ↓4.3% $647K	SC $0.0045 ↓3.1% $527K	KNC $1.3233 ↓4.4% $516K	MLN $38.473 ↓3.3% $463K	GNO $115.57 ↓4.3% $450K
BAL $21.029 ↓8.8% $405K	LSK $1.3277 ↓2.2% $306K	PAXG $1863.2 ↓0.16% $284K	REP $20.570 ↓4.0% $247K	ANT $3.8759 ↓9.7% $231K
STORJ $0.3888 ↓5.5% $117K	REPV2 $19.286 ↓2.4% $48.1K	TBTC $34102. ↑1.9% $46.9K

#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset

The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (January 25 2021)

Figure 2: Mid-size trading assets: (measured in USD) (January 25 2021)

Figure 3: Smallest trading assets: (measured in USD) (January 25 2021)

#####################. Spread %. ##########################################

Spread %

Spread percentage is the width of the bid/ask spread divided by the bid/ask midpoint. The values are generated by taking the median spread percentage over each minute, then the average of the medians over the day.

Figure 4: Average spread % by pair (January 25 2021)

.

#########. Returns and Volume ############################################

Returns and Volume

Figure 5: Returns of the four highest volume pairs (January 25 2021)

Figure 6: Volume of the major currencies and an average line that fits the data to a sinusoidal curve to show the daily volume highs and lows (January 25 2021)

###########. Daily Returns. #################################################

Daily Returns %

Figure 7: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (January 25 2021)

###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.