LG Electronics giant from South Korea is working on a cryptocurrency-enabled smartphone in the near future according to the industry insiders as per the reports in the latest cryptocurrency news we have here on our website today.
LG will launch the smartphone as a response to the industry rival Samsung who recently released a limited-edition version of the bitcoin-wallet smartphone Galaxy Note 10. According to a report by the South Korean news outlet, IT Chosun, the LG Electronics Giant started researching how to incorporate blockchain technology into phones shortly after Samsung announced the Galaxy S10 which has a built-in crypto hardware wallet and also supports decentralized applications.
An industry official claimed that the LG market research is complete and that it has been in discussion with some dApp developers. The official even claimed to have some knowledge of one of the dapps that will be included on the new phone. LG also applied for a trademark on ThinQ Wallet both in the United States and South Korea as a rival to Samsung’s Blockchain Keystore. LG often seems to be one step behind Samsung when it comes to integrating new technologies since the insiders suggest that this could be because of the hard desire to separate its own offerings from that of its rival.
More specifically, a party familiar with the LG Electronics giant group suggested that the company has been struggling lately with the application of the blockchain technology to a smartphone especially with one that is different. Whether LG has now achieved this or simply decided to enter the market with a standard offering is now yet clear. Also, Samsung recently upgraded its Galaxy S10 and made it able to support more cryptocurrencies including Bitcoin, Binance Coin, and the Basic Attention Token. The new phone also has a limited edition version of its Galaxy Note 10 in collaboration with Kakao named the KlaytnPhone. This one will have a KLAY wallet and a few apps. One of the Kakao representatives stated that the product was ‘’ designed to make it easier for general users to access the blockchain service’’ as per the reports in the previous altcoin news.
Crypto Lending Is The Most Profitable Industry In The Sector
Ditto Music Is Launching An App Powered By (A Fast) Blockchain
"There's billions of dollars of unclaimed royalties out there," Parson said. "The blockchain can help millions of artists claim what is rightfully theirs."For those of you who don't know Ditto Music from the blockchain news, the company has paid out $100 million in royalties last year and now claims that a roster of 250,000 artists are behind it - including big names such as Ed Sheeran, Sam Smith and Royal Blood. Bluebox is designed to split royalty payments for a recording's lifetime and track the plays accurately on the system.Parsons argued that a solution like this creates more transparency and more detailed reporting, two of which are crucial features as to why Ditto Music is launching an app of this kind. As such, both of which should reap higher collection rates from digital services.Ditto claimed to promote “higher collection rates [while] massively reducing the loss of earnings currently experienced by artists.”“Aside from the billions of dollars in unclaimed royalties that Bluebox will be tackling, the Bluebox app will let creators lock in their split payments at the point of creation and get paid separately and accurately for each use of that song. It’s going to revolutionise payments across the music industry and help the millions of artists claim what is rightfully theirs,” the CEO and founder of Ditto Music Lee Parsons concluded.
Russian Corporation Rostec To Cut Spendings On Blockchain Development
Iran’s Government Grants More Than 1000 Crypto Mining Licenses
“The Ministry of Industry, Mine and Trade has issued more than 1,000 licenses for cryptocurrency mining in the country.”Additionally, he also noted that the cryptocurrency mining industry has the potential to generate another $8.5 billion to the economy of the Islamic Republic of Iran, according to a certain new government study. But there are certain obstacles in achieving the goal, with the biggest being the high electricity costs that are facing miners in the country. As is wildly known a lot of computing power and electricity is needed for cryptocurrency mining. This is a huge obstacle and challenge for crypto miners in the Islamic Republic of Iran because only big firms can have the luxury to work, while smaller enterprises are forced to close.
“High electricity tariffs plus stringent regulations have made the sector less appealing for small investors.”Besides this the official from the ICT Guild Organization, Amir Hossein Saeedj Naeini noted that more discussions will be held in order favorable conditions are found for the cryptocurrency mining industry.
Bitcoin Cash Dev Tax May Still Roll Out Despite Roger Ver’s Support
City Of Zermatt (Switzerland) Officially Accepts BTC For Tax Payments
Cardano Nears Smart Contract Implementation: Report
If BTC Breaks Through $9,500, This Q1 Will Be The Best Since 2013
Bakkt BTC Options Volumes Are Dull One Month After Their Launch
Financial Institutions Start Using Stablecoins In 2020: Report
The Mega Rejection At $9,200 Which Worried BTC Bulls
Crypto And Blockchain Firms Are Trying To Help Coronavirus Victims
Bitcoin Needs PR From People Like Peter Schiff: Binance CEO
Bitcoin Gold Got 51% Attacked, Now Surges By 19%
China Declares Bitcoin As Property! Central Banks Prefer Crypto? SONY “Contactless” Hardware Wallet
JPMorgan Predicts A 60% Recession, Is Crypto The Best Chance Now? | [Bitcoin News // Crypto News]
Ethereum Sees Record Number of Shorts! NEM Blockchain Hub | Samsung Blockchain Supply Logistics
Crypto Jobs Up 300%! Lost BTC 20% Rate of Recovery | Only 45% of Exchanges Meet Security Standards
DC Forecasts Proudly Backed The Global Disruptive Blockchain Innovation Summit
- Blockchain News7 days ago
UK Tax Agency Will Invest In A New Blockchain Analysis Software
- Ethereum News7 days ago
Ether Prepares For A Price Correction: Market Analysis
- Blockchain News5 days ago
US Military Gets Under Threat From Crypto Ransomware Malware
- Blockchain News6 days ago
Hack Attacks On Crypto Exchanges Are Increasing: Report
- Altcoin News6 days ago
Crypto Exchanges Report Large Decline In BTC Trading Volumes
- Altcoin News6 days ago
Square Gets Patent For Real-Time Crypto-To-Fiat Swaps
- Altcoin News5 days ago
Central Bank Digital Currencies Are Coming In Three Years: Survey
- Altcoin News7 days ago
Hong Kong Gets Closer To Issuing Central Bank Digital Currency