News Feb 28, 2019

The most important news on the cryptoindustry

HTC and Samsung Galaxy S10 presented new features for blockchain

HTC representatives stated the sell of blockchain smartphone EXODUS 1 for fiat, Litecoin and Binance Coin. They launched Opera browser for the gadget as well, which will enable online transactions. EXODUS 1 also started to support decentralized apps Decentraland and Etheremon.

Technical progress came to mobile devices. Technological giant Samsung also confirmed the store for private crypto keys in Galaxy S10.

 

Russian legislation has banned income from cryptocurrency

The Russian Federation prohibited incomes, coming from virtual assets. From now cryptocurrencies are considered to be the subject of crime. It is important to note, that the term “cryptocurrency” is not listed in the criminal code, as it has not been mentioned in Russian legislation officially.

 

Long-time critic of Bitcoin is about to launch crypto token

JP Morgan has reported launching its own crypto token dubbed JPM Coin. It is happening despite the CEO of the bank, Jamie Dimon, stated that the Bitcoin bubble has burst. In 2018 JP Morgan and a couple of other major banks banned the use of credit card payments for purchasing crypto in order to protect their customers.

The purpose of this token is making payments that would take instants to reach the recipient. Each JPM Coin will be backed by a US dollar, which should ensure its stability.

 

6 million in 22 seconds: token sale on Binance

Token sale on top crypto exchange Binance’s Launchpad platform closed, reaching its hard cap of $6 million with the sale of over 69 million tokens, on February 25. The sale had been completed within 22 seconds! The Binance told, that the tokens were actually “sold within 11 minutes and 14 seconds.”

Binance’s Launchpad platform recently hosted a similarly speedy public token sale. The sale of Tron-based BitTorrent token (BTT) in late January netted $7.1 million with the sale of 50 billion tokens in 15-18 minutes.

 

CEO of SBI bank in Japan claims transfer to XRP token by 2025

“The use of “xRapid” is getting widespread, and the number of companies participating in Ripple nets is increasing substantially. We believe firm “real demand” on virtual currency will come out from now on” – said Kitao, CEO of SBI bank.

The most interesting information from the announcement is that SBI’s goal is to have Japanese banks use the XRP token by 2025. Kitao also claimed that Bitcoin has no fundamental value and that XRP is the number one crypto asset.

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