SAMSUNG Made Another Great Step Into CRYPTO!!! Bitcoin Daily News
Hi guys, it’s great to see you here with me again today. In today’s news segment, I have picked out three very cool pieces of news to talk to you guys about. So let me show you around. First up, according to theblockcrypto.com, Poloniex, a Cryptocurrency exchange, recently added a new function allowing fiat-to-crypto trading and credit card transactions. Next, the Winklevoss Twins, Cameron and Tyler Winklevoss, believe that it’s the bottom of the first inning’ for Bitcoin. And the final item we want to share – It is super cool and exciting to know that Samsung has released the Ethereum blockchain SDK beta for its latest Galaxy smartphones. And guys, if you find these pieces of news interesting and want to know all about them, please make sure you stay with me right until the very end.
And this week, we still have a super cool giveaway for all of you. Do you remember what the giveaway for this week is? We are very happy to announce a $70 Bitcoin Giveaway. All you need to do is to like, comment, and subscribe, to go in the draw to win. We will announce the winner this Saturday, by drawing out a video from this week and then drawing the winner from the video. And remember guys, all you need to do is to like, comment, and subscribe! It is super easy to be the next lucky winner.
The Market Today
Now, before we go into detail of the news, let’s see how the crypto market is performing. Today, the market is mostly bearish. On the top 10 tokens, 9 out of 10 coins are plummeting. Bitcoin has dropped 6.79%, going back to below the $12,000 line. Ethereum and XRP are also decreasing by more than 8%. Litecoin and EOS are plummeting by 10.91% and 11.9%. Moving on to our top 20 tokens, we can see a very similar situation. Cardano and Cosmos are losing 9.84% and 12.33% respectively. Meanwhile, Chainlink seems to be going in the opposite direction, with a 1.68% increase.
Poloniex allows fiat-to-crypto trading and credit card transactions
Now, let’s jump to our first news segment. According to an article on The Block Crypto, Poloniex, a U.S-based cryptocurrency exchange, is rolling out new features for its user, which allows fiat-to-crypto trading, meaning customers can deposit and withdraw funds using bank accounts, as well as purchase cryptocurrencies on the Poloniex exchange with their debit or credit cards. For those who are unaware, Poloniex was founded in 2014 and acquired by Goldman Sachs-backed Circle for $400 million last year. Until now, the exchange operated only as a crypto-to-crypto trading platform. Subsequently, Poloniex has seen its market share collapse from the ICO heydays of 2018, getting back to just 1.1% as you can see in the chart here. The introduction of fiat-to-crypto trading comes into place when the cryptocurrency market is becoming more and more competitive, with Bitstamp recently launching a U.S. base and Binance, the largest cryptocurrency exchange, looking for a launch in the country at some point in the near future. As for the debit and credit card transaction feature, Poloniex has partnered with Israel-based payments processing firm Simplex. The firm allows crypto purchases of as little as $50 and charges a 3.5% fee (or $10, whichever is greater).
Winklevoss Twins believed that ‘it’s the bottom of the first inning’ for Bitcoin
Moving on to the second news item for today. Per a report on CCN, Winklevoss Twins, co-founders of the New York-based crypto exchange Gemini, believe that ‘It’s the Bottom of the First Inning’ for Bitcoin. Tyler and Cameron Winklevoss first invested in Bitcoin in 2013, but they weren’t sold on the cryptocurrency right away. Now, they “hold 1 percent of all bitcoin outstanding”. The Winklevosses reportedly plowed millions from their Facebook settlement into bitcoin back then. Seeing that investment balloon to an estimated billion dollars today must have taken away the sting from having Facebook snatched away from them. Incidentally, Facebook’s Libra coin is looking less and less like a cryptocurrency by the day. David Marcus, who is at the helm of Facebook’s Calibra division, reportedly wrote in a letter to lawmakers:
“We want, and need, governments, central banks, regulators, non-profits, and other stakeholders at the table and value all of the feedback we have received.”
In addition to bitcoin, The Winklevosses also see a future where Ethereum and Zcash have a role, the latter of which will be in demand “for its privacy features.”
Samsung released Ethereum blockchain SDK beta for Galaxy smartphones
And this is the final piece of news we have for you guys today. It is so exciting for Samsung fans to hear that their mobile provider is going to be integrated with the Ethereum blockchain software development kit (SDK) beta version for the latest Galaxy smartphones. More specifically, the kit provides partner developers with additional tools for dApp and blockchain mobile development. The kit represents the next step in Samsung’s push to enable Ethereum functionality on its Galaxy S10e, S10, S10+, S10 5G, and the new Galaxy Fold smartphones. Furthermore, they also mentioned in May that they would expand crypto features to budget phones in the lineup. To dive into more details, the SDK allows developers to manage user accounts, authorize digital signatures for transactions, and manipulate transaction data. The developers are enabled to link to external cold wallets, such as Trezor or Ledger devices. According to Samsung, the official version of the blockchain SDK will be released by the end of 2019. Developers who would like to be an early user can request a partnership status with Samsung.
And there you have it guys! That’s the end of the new for today.
So what are your thoughts regarding all the news?
Are you excited about the fiat-to-crypto trading and credit card purchasing features on Poloniex?
Do you agree with the statement of the Winklevosses about Bitcoin’s Inning?
Are you going to register to have early access to Samsung’s new SDK?
Please leave a comment right below to let me know what you guys are thinking. And guys, please don’t forget to like and subscribe to go into the draw to win $70 worth of Bitcoin. It’s your girl Cindy with CryptoPig. I’ll see you guys tomorrow.
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Disclaimer: Cryptopig content is written by a team of blockchain passionate people. We are not registered as investment advisors. Don’t take the information in this post as investment advice and make sure you do your own research before investing. Cryptocurrencies are a very risky investment, never invest more money than you can afford to lose.