The blockchain startup named Sirin Labs is in the latest cryptocurrency news for the official release of its long-anticipated “blockchain smartphone” named the FINNEY. Funded by nearly $158 million in initial coin offering (ICO) proceeds, the startup first unveiled the device on Thursday with a release party in Barcelona.
The party featured different presentations from several Sirin executives as well as an appearance by the football legend and Sirin Labs brand ambassador, Lionel Messi. As the event unfolded, the FINNEY showed that it is a serious contender to some of the finest smartphones out there nowadays – not to mention its crypto-related abilities.
Manufactured by a company known for the manufacture of iPhones, Foxconn International Holdings (FIH), the FINNEY crypto smartphone packs a Qualcomm Snapdragon 845 processor, 6GB Ram, a 6-inch display, two cameras (12MPx and 8MPx), and 128GB storage. On top of this, it runs an “ultra-secure and Google-certified ‘fork’ of Android” called Sirin OS that first appeared on Sirin’s first smartphone which was the ultra-secure (and expensive) SOLARIN.
The co-founder and chairman of Sirin, Kenes Rakishev, then explained that the operating system’s intrusion prevention system uses machine learning to monitor the device parameters such as network, malware and device security definitions.
In the official announcement of the phone, Rakishev said:
“In an increasingly insecure digital world, where hackers in all corners of the globe are out to steal whatever they can, consumers need a product that gives them confidence their data is safe. With no solution available until now, many crypto users took a step back to a more primitive time and were using pen and paper to record their private key code. This and other ‘cold storage’ solutions are impenetrable to hacks but are also totally impractical for modern living. FINNEY is unique and is the only phone with an embedded cold storage wallet. There is nothing else like it on the market.”
Similar to wallets such as the ones produced by Trezor and Ledger, this smartphone will allow users to create and store multiple crypto wallets on a single device. There will also be an in-app token conversion service (TCS) that will allow users to seamlessly exchange any of the crypto tokens supported by the device without entrusting them to a third-party wallet.
Coinbase Adds PayPal Withdrawals To Its Platform (For U.S. Citizens)
“There is new technical work to make this possible, and that was done in conjunction with PayPal.”However, this Friday Osgood wrote that the partnership provides Coinbase customers an alternative to the traditional federal wire or automated clearing house (ACH) network that they were required to use. As he said:
“These traditional finance networks can add up to two business days to a withdrawal. We’re always looking for ways to not only meet the bar set by traditional finance, but raise it. That’s why we rebuilt our integration to ensure that the speed and reliability of PayPal withdrawals does just that.”The service is for now only available to customers in the United States, but could continue to be added to other nations across 2019, as Osgood wrote.
Bitcoin Plunges To A Yearly Low, Market Is ‘Prepared’ To Go Below $100 Billion
“As BTC is approaching the target of the 2014 fractal the targets of most people change from 3k to 1k and even lower. I still think $2,700 is an excellent place to buy if we should go there. ‘History doesn’t repeat itself but it often rhymes.’”Currently, there is a big risk in shorting and longing Bitcoin and other major cryptocurrencies in the market, which is why investors are observing the short-term trend of the crypto market by holding out on their trading activity.
TRON’s DApp Usage Jumps 48% To +1 Million Transactions Last Week
“This week, the 24-hour transaction number for Dapps reached 1.04M, a 48% increase compared with last week; the 24-hour trading volume hit 640M TRX, an 151% increase compared with last week. We have seen significant increases in both indexes […]”One of the most interesting projects built on Tron is Seedit which is a decentralized platform that lets users contribute funds to the content creators that they most appreciate. Project Atlas is also a well-known project which incentivizes people to seed content on the BitTorrent protocol, which was acquired by Tron back in July this year.
Bitcoin Cash Drops Again By 15 Percent While Other Cryptocurrencies Take A Stronger Hit
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