The First Smartphone That Runs a Full Bitcoin Node!!!
To start off the week, I have 4 pretty hot pieces of news to share with you. First up, Taiwanese electronics giant HTC recently launched its new smartphone Exodus 1s, enabling users to run a full Bitcoin node on mobile. Second up, Telegram writes to investors to counter fear, uncertainty, and doubt, before SEC Hearings in February 2020. Next up, in a recent tweet, TRON CEO Justin Sun, recently announced that TRON has surpassed Ethereum by Trading Volume, reaching 68.5 million USDT in the past week. And finally, the last news for the day. It looks like the Canada-based messaging App firm Kik, reportedly sold its Kik messaging platform to MediaLab, a holding company that operates whisper and a number of other apps.
The Market Today
It looks like we have a market in the greens today. Bitcoin is still stable at its $8,200 mark, with a gain of 4.3% from Sunday. Ethereum and XRP are also following this trend with 2.77% and 2.19% increase respectively.
HTC’s Exodus 1s smartphone can run a full mobile BTC node
Taiwanese electronics giant HTC has just released a special phone called the Exodus 1s, which enables users to run a full Bitcoin (BTC) node on mobile. Now, this smartphone was introduced at the Lightning Conference in Berlin on Oct. 19. They were selling the device right at the event, using the Lightning payment network. For those are interested in the phone, it’ll cost you €219 ($233). According to HTC, you can pay for it in Bitcoin, Ether (ETH), Litecoin (LTC), Binance Coin (BNB) or Bitcoin Cash. The new smartphone is positioned as a lower-cost version of the first HTC blockchain-powered phone Exodus 1 released earlier. HTC will initially deliver this phone to users in Europe, Taiwan, Saudi Arabia, and the UAE. Other countries, including Switzerland and Germany, will have access to this product later onwards. Commenting on the new feature, Decentralized Chief Officer at HTC Phil Chen noted that the full nodes are the “most important ingredient in the resilience of the Bitcoin network” and noted that by launching the Exodus 1s, the firm has lowered the entry barrier for any person keen to run a node and participate in the global network.
Telegram: SEC hearing is a positive step
In a recent letter sent to investors, Telegram encouraged investors to view the United States Securities and Exchange Commission (SEC) as a positive step forward. For those who are unaware, on Oct 11, the SEC halted Telegram’s $1.7 billion TON and Gram token from distribution. The SEC stated that they are unregistered security offerings and thus illegal. The hearing with the SEC was set up quickly after that but was rescheduled until February next year. Meanwhile, Telegram will not be distributing Gram tokens until that time. Regarding the new hearing, the Telegram team wrote:
“The February hearing is different from the one previously scheduled for October 24, because in the February hearing Telegram anticipates asking the court to rule on the core argument that Grams are not securities. The October 24 hearing, in contrast, was only to consider whether a delay should have been mandated, without conclusively resolving the core argument.”
TRON beats ETH by trading volume
According to a report on U today, Justin Sun, the founder of the cryptocurrency platform TRON, revealed that TRON has beaten ETH in terms of Trading volume with more than 68 million USDT. Now, the milestone was announced on Twitter by Justin on Oct 19. The post reads:
“According to @dapp_review, the total trading volume of #TRON for the past 7 days reached 68,504,852 #USDT, which is almost 2X as much compared to #ETH(about 35M). #TRON #DApp ecosystem will become more stronger with your participation! Join us both as developer & user! #TRX $TRX.”
While this is great news for TRON, it’s important to note that Tron hasn’t surpassed ETH in terms of the number of unique users and mainnet accounts. So, while TRON has more 900,000 unique users and mainnet accounts, Ethereum almost doubles that number with 1,761,000 unique users.
Kik messaging app is bought by MediaLab
According to the official announcement from Kik, a Canadian tech firm, it recently sold its messaging app Kik to MediaLab, a Los Angeles-based multimedia holding company. To give you guys a bit of context, Kik Interactive (so the company running the messaging platform), previously announced that it would be shutting the app down in October to concentrate on the ongoing dispute with the SEC, which alleged Kik violated securities law when it raised $100 million in a token sale in late 2017. However, last week, CEO Ted Livingston announced that the company had signed a letter of intent to purchase the app, but they didn’t reveal any further details. So, why did MediaLab buy the app? The company is looking to raise revenue through the messaging app and will integrate ads on the platform. MediaLab will invest in improving the app, fixing bugs, and getting feedback from the users to determine what features they want or issues they have. Furthermore, MediaLab also shares some thoughts on the native Kin cryptocurrency:
“We are fans of Kin and believe in its long term potential. We are excited to further partner with Ted and his team on expanding the Kin integration and have plans to further support the project. We’ll have more to share on that front soon.”
And there you have it guys! So what are your thoughts regarding all the news?
Do you think that the new Exodus 1s will be a game-changer?
How do you think the hearing with the SEC will turn out? Is it a positive step for Telegram?
Are you happy to see TRON hit a new milestone?
Do you think the Kik messaging app will be in good hands?
Please leave a comment right below to let me know what you guys are thinking.
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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.