HTC to be the ‘World’s First Native Blockchain Phone’

Smartphone producing company HTC is making a major step into the cryptocurrency ecosystem and wider blockchain industry
15 May 2018   280

The Taiwanese company reported about the “HTC Exodus,” which it characterizes as the “world’s first native blockchain phone.” The device will be made under the leadership of Phil Chen, who assisted to create HTC’s virtual reality headset Vive. Chen, who now holds the title of “chief decentralized officer,” will head all of the firm’s cryptocurrency and blockchain-related initiatives. 

Through the Exodus, we are also excited to be supporting underlying protocols such as Bitcoin, Lightning Networks, Ethereum, Dfinity, and more. We would like to support the entire blockchain ecosystem, and in the next few months we’ll be announcing many more exciting partnerships together. I want to see a world where the end consumers can truly own their data (browsing history, identity, assets, wallets, emails, messaging, etc) without the need for central authorities. There is a lot of work ahead of us, but I believe the mobile hardware layer can contribute significantly to our new decentralized world.
Phil Chen
Vive Founder, HTC 

The Android phone will be developed in order to provide the support for decentralized applications (DApps) like CryptoKitties, and it will keep a safe hardware enclave to provide users with access to a universal cryptocurrency wallet that is native to the device. The phone will be reconcilable with multiple protocols and will also support interoperability. 

HTC has not yet revealed a price tag for the Exodus, but the firm made a hint that it is thinking about the possible adopting crypto payments once it becomes available for buying.

BlackRock to Consider Bitcoin Futures

World largest asset management firm created a workgroup to study the prospects of crypto-based futures
16 July 2018   85

Investment company BlackRock has formed a working group that should find out what benefits the world's largest asset manager can get from entering the cryptocurrency sector, despite the fact that previously its CEO had heavily criticized bitcoin. This is reported by Financial News.

The investment giant, whose assets amount to $ 6.3 trillion, created a team that included experts from various business areas. They must collect information about the cryptocurrencies, the underlying infrastructure and technology of the blockchain.

The working group, which includes investment strategist Terry Simpson, should find out whether BlackRock should invest in bitcoin futures.

Sources also reported that BlackRock is studying the experience of its competitors in this area and the potential impact of their actions on the company's business. The working group will report on the results of its research to senior management.

A spokeswoman for BlackRock reported that the company has been considering blockchain technology for several years, but declined to comment on the cryptocurrency.

The creation of a working group may mark a turning point in relations between BlackRock and cryptocurrencies. Last year, its head, Larry Fink, said that bitcoin is an extremely speculative tool, and the only reason for its popularity is its anonymity. "This is an instrument that is used for money laundering," he said bluntly.

Fink gave his comments even before the appearance of crypto-currency futures. At that time, he saw no opportunity for his company to enter this market.