The long-awaited and revolutionary smartphone that for the first time adopts blockchain technology is in the latest crypto news. The manufacturer of the ‘Exodus’ blockchain phone, HTC, officially said that the phone will start shipping in December this year.
Meanwhile, HTC also said that it is looking for developers to participate in the early-access version. The Exodus is available to customers in the US, Hong Kong, Singapore, New Zealand, the UK, and about 30 other countries, as the press release noted.
According to the decentralized chief officer of HTC, Phil Chen, the company is hoping to get feedback from the blockchain community about the early-access version in order to improve the device.
In an email, Chen stated:
“Recent figures show that there are around 35 million wallets out there at the moment. The HTC EXODUS 1 is about getting the consumer used to owning their own keys and going from there to develop the EXODUS into a device that can be for the broader market.”
Currently, there is no information about whether the device will see a wider launch for the general public. As announced at many events before, the phone is known to include “a secret enclave” that will store a user’s cryptocurrency keys and protect them from the Android operating system.
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Fake Trezor Crypto Wallet Emerges On Google Play Store
“If bitcoin continues its growth trend, we can expect more cryptocurrency scam apps to emerge in the official Android app store and elsewhere.”As mentioned on other altcoin news, the users of the apps are urged to only trust a legitimate app with the company’s official website links and branding. They should also check for a regular update on their devices and ask around before entering sensitive information into any blank space. Also, they are urged not to complete online forms that come from apps that have a dubious background. The company behind the crypto wallet told the researchers that the fake app was not a threat to their users but they also made clear that the addresses that some of the users provided could be collected through the software and used for phishing attacks in the future. Google Play removed the app instantly from the marketplace. Last year, Trezor issued multiple warnings to users after scammers tried to make a counterfeit version of the wallet.
Binance CEO CZ Claims Sequoia Capital Hurt His Reputation
"I won, but the case was very damaging. First, Sequoia took out an injunction against me which prevented me from raising finance for Binance at the end of 2017 which was a critical time in the market and when there was huge interest in Binance from other VCs and investors."Zhao stated previously that he was unable to publicly defend himself because of the confidentiality of the arbitration. Also, Sequoia paid about $2.4 million in legal fees for their part and lost the case. Zhao on the other hand as the best cryptocurrency news report had to pay up to 779,043 for more than a year to cover his legal expenses. He stated:
"For most entrepreneurs, they will not be able to: front USD 779,000 to fight a lawsuit; secure additional funding for their startup given a pending lawsuit, even one that’s clearly without proper base and where the claimant will surely lose.’’Zhao concluded that there is a weakness in the legal system and unprofessional behavior by the VC giant. He noted that such companies should help entrepreneurs and startups. Luckily, there are many entrepreneurs today that offer better options such as blockchain based fundraising as he pointed out. Sequoia did not comment but as we know the company sued Zhao’s company over a funding deal. The court filings show that there was a negotiation on investment between CZ and Sequoia since August 2017 which should have given the VC giant 11$ stake of the company. Zhao denied these allegations at that time.
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