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HTC Blockchain Phone Can Run A Full Bitcoin Node

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The famous Taiwanese electronics manufacturer HTC has recently launched the HTC blockchain phone named the Exodus 1, which allows users to support the Bitcoin network. The manufacturer unveiled the device on Saturday at the lighting Conference in Berlin, where the company claimed the new product and said that it is the first smartphone to be able to run a full Bitcoin node.

The HTC blockchain phone can also propagate transactions and blocks anywhere. As Phil Chen who is the chief decentralized officer at HTC said in a statement:

“Full nodes are the most important ingredient in the resilience of the Bitcoin network and we have lowered the barrier to entry for any person to run a node.”

The new smartphone will arrive to the market at a price of €219 ($244), which is right now about a third of the cost of its predecessor, the Exodus 1. The manufacturer (HTC) will sell the new version at the Berlin conference using the Lighting payment network.

The HTC blockchain phone was in the cryptocurrency news before this for its impressive features. As per the details, the device allows users to install a 400+ GB SD card and expand its memory, allowing it to cope with the increasing data capacity that is required to store the full Bitcoin ledger. The current size of this ledger is right now around 250 GB, according to Blockchain.

The company also recommended users to connect to WiFi and plug into a power source while running the full node, though it can also be used on the go. As described by users, the HTC blockchain phone is “great” because it has a built-in hardware wallet to help each user store cryptocurrency. By default, it comes with a 4 GB of RAM and 63 GB of storage – running on Android Oreo 8.1.

“We are providing the tools for access to universal basic finance; the tools to have a metaphorical Swiss bank in your pocket,” Chen said.

The HTC blockchain phone the Exodus 1 will be available in 27 countries all around Europe and the Middle East, including Germany, Greece, Saudi Arabia and UAE. It is currently not planned for sale in the US.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

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Dutch Government Will Embrace Blockchain To Fight COVID-19

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Ethereum Goes Above
The European country of Netherlands is in our crypto news today for launching its "Tech Against Corona" initiative. The Dutch government will let participating firms to provide it with access to innovative technologies which can be used in the fight against COVID-19. There are ten companies that are freely providing their services and technologies to the governments. One of them is the domestic distributed ledger technology (DLT) firm Tymlez, which has offered its blockchain platform as the underlying technology that will “model the medical goods ecosystem through a platform that matches supply and demand.” The blockchain news today also show that the firm's blockchain will be used to ensure transparency across the supply chain. The Dutch government will embrace this technology to prevent value extraction such as price gouging amid the current coronavirus pandemic. Among the other local companies that are contributing to the initiative are the cybersecurity firm Cyberspring, that is providing security services to several hospitals. We also have the information security firm Taxion that will freely administer online systems in order to organize volunteer workers - as well as the IT firm Compumatica which will help the Dutch government by enhancing the Internet connections of home workers that are operating in critical industries. The telecommunications company KPN will also partner with the global IT conglomerate Microsoft - in order to provide computing systems as part of this initiative. We can also see that Bitcoin (BTC) is used in the fight against COVID-19 in the Netherlands, where the Dutch Red Cross is accepting Bitcoin donations through its website. Inspired by the Italian Red Cross which also embraced crypto this month (and raised around $20,000 in BTC for the purchase of medical supplies), the Dutch government is now preparing to do the same and help the country fight the coronavirus and the deadly COVID-19 disease that patients are suffering from. Meanwhile, the crypto markets today are positive and we can see that even though BTC is below $6,300, it is making efforts towards establishing new highs. Altcoins are following this rise with single-percentage gains today and all of the top 10 coins are in the green this morning.  
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Blockchain Jobs Are On The Rise Despite Global Crisis

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In times of a global pandemic and a recession on the markets, it appears that blockchain jobs are on the rise and not suffering. Meanwhile, we can see that the US alone recently hit the highest unemployment rates in its history. One of the largest cryptocurrency exchanges in the United States, Kraken, is now looking to increase its job force by 10% despite all the recent dips in the prices of Bitcoin and other altcoins - something we reported in our cryptonews. According to a report on Forbes published on March 26, the exchange's team counts 800 members and will be adding an additional 67 hires to the company over the coming weeks. Many of the company's openings are related to blockchain, which shows that blockchain jobs are on the rise and the exchange is looking for people that are professionals with skill sets focused around this technology. If we take a look at Indeed.com, we will see that there were 114.5 per million blockchain jobs last December, right before the first coronavirus cases emerged. Now, the blockchain jobs are on the rise and there are 118.4 blockchain jobs per million, as reported by February 2020. The blockchain news also show that the industry experts are bullish towards the crypto market. According to Jihan Wu, who is the founder of Bitcoin mining giant Bitmain, gave his first interview of 2020 at a Chinese blockchain media event. This is when he revealed his continued optimism for a crypto market bull run over the coming year. As he explained:
“There are two reasons: first, from China and its neighboring countries experiences, coronavirus can be obtained and taken under control in about 2 months. Secondly, countries around the world are adopting great quantitative easing monetary policies.”
We also have Tyler Winklevoss, the co-founder of the Gemini cryptocurrency exchange who said on Twitter that Bitcoin is “only vaccine in the world that can give you immunity to the money printing disease.” It is a good thing to see that blockchain jobs are on the rise. As we previously reported, these positions are among the most in-demand hard skill in 2020, along with cloud computing, analytical reasoning as well as artificial intelligence (AI).
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Analytics Firm Coin Metrics Closes Series A Funding With $6M

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block blockchain business chain - Analytics Firm Coin Metrics Closes Series A Funding With $6M
The cryptocurrency analytics firm Coin Metrics is in the latest blockchain news for securing a Series A funding round worth $6 million. As an official post on the website's blog shows, the company noted that the round was led by Highland Capital Partners and that the $6 million investment would be used to grow the team behind the company, expand their product offering as well as “provide enhanced coverage of digital assets.” There have been other firms participating in the funding round, including the names of Castle Island Ventures, Communitas Capital, Coinbase Ventures and Digital Currency Group. The crypto and blockchain analytics firm Coin Metrics was founded in 2017 by Nic Carter and Aleksei Nokhrin as an open source blockchain network data and analytics project. Ever since 2017, the firm gained massive popularity and was used as a resource for understanding the operational as well as economic activity occurring on the public blockchains. Highland Capital Partners is a global venture capital firm which also invested in other crypto businesses. Besides the crypto analytics firm Coin Metrics, the Principal at the firm Sean Judge has backed other firms as well. He said:
“Financial institutions require clean and transparent data to make decisions. These same requirements exist for Bitcoin and other crypto assets that have emerged over the last decade. It’s become clear that Coin Metrics is the premier destination for network and market data.”
What's also worth noting is the fact that the analytics firm Coin Metrics is known for their regular State of Networks report. In these reports, the company highlights the transfer values, volumes and other technical data surrounding cryptocurrencies. In the latest report on March 23, Coin Metrics highlighted how the transfer value of stablecoins had reached an all-time high of $444 million after the recent Bitcoin crash. The company is known for reports like these and has been featured plenty of times on our cryptocurrency news website. Speaking of markets, today we can see another positive morning with minimal gains for the Bitcoin and altcoin markets. While BTC is still below $6,700, ETH is pushing towards the $140 level and XRP gained 6% overnight, climbing to $0.17. The total cryptocurrency market cap is now at $186 billion.
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Paxful And Chainalysis Set Compliance Standards For P2P Exchanges

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Paxful And Chainalysis
Paxful and Chainalysis will work together with all the tools they have in order to boost compliance standards. Both of the companies set a new benchmark for all of the P2P exchanges and there will be monitors that will help fight criminal activity such as extortion, money laundering, and fraud on the blockchain as we are reading in the crypto news below. The blockchain analysis company Chainalysis just announced the new partnership with Paxful in order to boost the marketplace and to satisfy the compliance requirements. For Chainalysis, the peer to peer crypto exchanges has always been dubbed as risky because a lot of the decentralized exchanges do not require users to set up an account. Paxful however, made a precedent for P2P exchanges by focusing on the top-notch compliance and KYC standards, which will drive Chainalysis to evolve its new policies and to evaluate the exchanges for each case before labeling them as risky. Paxful and Chainalysis now investigate all of the P2P exchanges in the same manner as the see the centralized crypto exchanges:
 “Compliance is the key factor for establishing trust in cryptocurrency exchanges. By adopting a case-by-case approach to evaluating P2P venues, we are helping to broaden trust and transparency across the cryptocurrency ecosystem.”
Paxful which is a global Bitcoin marketplace uses the Chainalysis know your transaction protocol to monitor all crypto transactions in real-time and Chainalysis reactor to create investigations when it detects more activity that is dubbed suspicious. These tools will enhance the compliance of Paxful and will create a new set of compliance benchmark standards for P2P crypto exchanges around the world. According to Chainalysis, Chief Revenue Officer Jason Bonds commented:
 “Paxful transformed the way that we think about P2P exchanges. Their compliance standards, complete with real-time transaction monitoring, set a new bar for P2P exchanges globally.”
By working with Chainalysis, Paxful is well-equipped to create new controls for customer protection including blocking the transactions to high-risk addresses that are connected to terrorist financing and dark web platforms but also stolen credit card platforms. If Paxful continues to complete more risk assessments in the future, the capabilities of the platform will only expand. By leveraging Chainalysis KYT, crypto businesses such as Paxful can monitor bigger volumes of crypto activity and identify high-risk transactions in the future. The real-time alerts on high-risk activity will allow the compliance teams to focus on the most important activities and will better allocate the resources to enforce compliance policies and fulfill the regulatory obligations to report suspicious activity.
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