Subscribe
June 2, 2026
Sign In

Capitalizations Index – B ∞/21M

Menu
Breaking
Can Bitcoin Be Stolen? Risks of Private Key Compromise Can Bitcoin Replace Money? Viability and Adoption Challenges Bitcoin Network: Mining Difficulty Adjusts Every 2016 Blocks Bitcoin’s Role in Shaping Cypherpunk Philosophy What Is HODL? Understanding Long-Term Bitcoin Holding

This Crypto Spiked 60% Withinin Minutes of Featuring on HTC’s Blockchain Smartphone

This crypto spiked 60% withinin minutes of featuring on htc’s blockchain smartphone

This Crypto Spiked 60% Withinin Minutes of Featuring on HTC’s Blockchain Smartphone

Following a high-profile strategic partnership with HTC, the largest mobile phone manufacturer based in Taiwan, the price of a virtual reality-focused crypto asset Decentraland (MANA) surged by 60 percent.

Within minutes, the price of Decentraland spiked from $0.0363 to $0.0581 by nearly two-fold against the U.S. dollar.

The abrupt increase in the price of Decentraland comes less than 24 hours after Enjin Coin, a native crypto asset on a gaming blockchain network called Enjin, recorded a staggering 200 percent increase against bitcoin after its listing on the Samsung Blockchain Wallet.

Decentraland on HTC and Enjin Coin on Samsung, Why Unique Crypto Assets?

On February 26, the Decentraland team officially announced its partnership with the HTC Exodus 1, the world’s first native blockchain smartphone introduced by HTC.

The Exodus 1 was launched in late 2018 with a private blockchain vault called the Zion Vault embedded into the device, enabling users of the smartphone to securely hold crypto assets.

Three months after the distribution of the Exodus 1, Samsung integrated a cryptocurrency private key storage into its flagship product the Galaxy S10 called the Samsung Blockchain Wallet, providing users with native access to cryptocurrencies.

Both smartphone manufacturers are said to have integrated unique crypto assets like Decentraland and Enjin Coin over major cryptocurrencies in the likes of Ripple, EOS, Litecoin, Stellar, and TRON because of their belief that the potential of blockchain technology exceeds the realm of payments.

In its official blockchain tutorial, Samsung emphasized that the blockchain can be utilized in a wide range of areas such as insurance, gaming, and e-commerce.

“The blockchain is a new method that enables every user to store and process data in a decentralized ecosystem, and it is used in many areas. [Such areas include] secure distribution information confirmation, insurance and contract verification, copyrights management, content distribution, game items storage, crypto assets storage, and cryptocurrency transactions,” Samsung’s tutorial translated from Korean by CCN read.

In a statement, HTC Exodus and Decentraland stated that they believe in allowing users to manage cryptocurrencies and other virtual possessions such as virtual reality identities, data, and assets, similar to Enjin’s in-game items and products stored on the blockchain.

The Decentraland team said:

Both HTC Exodus and Decentraland are committed to redefining the way people manage their identities, privacy, cryptocurrencies, and other virtual possessions online.

By storing private keys directly on the phone’s hardware, Exodus allows users to secure their Decentraland identities, data, and assets directly in their pocket – totally cutting out the middleman. Decentraland’s LAND (the ERC-721 virtual real estate that makes up Genesis City) and MANA (our Ethereum-based cryptocurrency) will both be supported by the Zion Vault.

Throughout the 14-month crypto bear market, Decentraland has consistently been one of the best performing digital assets alongside bitcoin, Binance Coin, and Maker.

This crypto spiked 60% withinin minutes of featuring on htc’s blockchain smartphone

Decentraland 1-Day Price Chart (Source: TradingView)

From its all-time high, Decentraland has lost 81 percent while most tokens recorded losses in the 95 to 99 percent range.

bitcoin has lost 80 percent of its value since its all-time high, slightly outperforming Decentraland. Still, the asset remains as one of the top 10 best performing crypto assets throughout the bear market.

Is It the Year of Tokens?

Historically, in a sideways market, tokens tend to outperform bitcoin and other major assets such as Ethereum.

In recent weeks, as bitcoin gradually climbed from mid-$3,000 to $4,000, many tokens recorded substantial gains against both BTC and the USD.

While BTC cleanly broke out of the $4,000 resistance level for the first time since November, technical analysts are cautious on the short-term outlook on the price trend of the dominant cryptocurrency.

bitcoin recorded a strong movement to $4,200 last week but the magnitude of the retracement of the asset surprised many traders.

Published at Wed, 27 Feb 2019 06:40:07 +0000

Previous Article

The Recent $7.7m EOS Theft can Make the Ecosystem Better

 Next Article

New York Startup Raises $6.5 Million to Store Crypto For Institutions: Clear Rise in Demand

You might be interested in …

U.S. Senate Mulls Reporting Requirements for Cryptocurrencies

USSenateBill

American bitcoin holders may soon have to report their holding to the United States government.

First introduced on May 25, 2015, by Sen. Chuck Grassley [R-IA], Senate Bill S.1241, the
“Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017,” can have serious implications for those involved in the cryptocurrency space. The hearing for S.1241 was held with virtually no public notice on November 28, 2017; the full two-hour hearing can be viewed here.

Currently, the definition of “financial institution” includes banks, trust companies, credit unions, currency exchanges and the like. But according to Section 5312(a) of title 31, the new bill would amend the definition of “financial institution” to include “an issuer, redeemer, or cashier of prepaid access devices, digital currency, or any digital exchanger or tumbler of digital currency.” 

This is most specifically embedded in Section 13:

senatebilltextscreen.png

Sen. Dianne Feinstein [D-CA] said in her opening remarks of the hearing, “The bill criminalizes intentionally concealing ownership or control of a bank account.” Although, during the hearing, no further clarifications were given as to the effects this would have on the cryptocurrency community, based on the amended definition of “financial institution,” it would seem that the bill would criminalize anyone intentionally concealing ownership or control of a digital currency or exchange account. While there is no finalized bill yet, the implication would be that cryptocurrency holders need to fill in federal registration forms for tax disclosure, quarterly reporting and more.

Notably, while the purpose of the bill and hearing had to do with adding digital currencies and exchanges to the definition of financial institutions, there was almost no discussion on the topic other than briefly in reference to drug cartels using them to launder money. For example, nowhere in the testimony by Coinbase board of directors member Kathryn Haun Rodriguez does she mention digital currencies or exchanges, and at no time was she asked any questions about them.

Unsurprisingly, the bill is receiving pushback from some cryptocurrency holders. Activists on Reddit have started a social media campaign in opposition to the bill, and are suggesting others to tweet: “@senjudiciary that #Bitcoiners are not #Crooks Remove #DigitalCurrencies from Section 13 of S1241.” Others are contacting their senators directly.

The post U.S. Senate Mulls Reporting Requirements for Cryptocurrencies appeared first on Bitcoin Magazine.

Trading BUD on Hotbit, Everything You Need to Know – Buddy –

Trading BUD on Hotbit, Everything You Need to Know – Buddy – BuddyBlockedUnblocktoken=”true” data-redirect=”https://medium.com/_/subscribe/user/7781ce2a851a” data-action-source=”post_header_lockup-7781ce2a851a————————-follow_byline”>FollowFollowing Apr 24 In a sign of Buddy’s growing popularity we are pleased to announce the BUD token’s listing on the […]

Close Menu