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   954

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.

Binance Singapore Unit to Apply For License

Under the new law, aimed at regulating crypto paymetns and trading, firms must register with the Monetary Authority to receive a license
17 February 2020   246

Binance, a Singapore-based cryptocurrency exchange unit, has applied for a license under the new Payment Services Act, which entered into force on January 28.

We have already applied. We submitted the application pretty fast. Binance’s Singapore entity has been in close touch with the local regulators, and they have always been open-minded.

 

Changpeng Zhao

Founder and CEO, Binance

Under the new law, crypto companies in Singapore must register with the Monetary Authority and receive one of three licenses: an exchange of money, a standard or large payment institution. The measure is aimed at regulating payments and crypto trading using requirements for participants in the traditional finance industry. Zhao did not specify which of the licenses Binance Singapore chose.

Binance has been offering crypto-fiat trading services in Singapore since April 2019 and works with eight coins, including Bitcoin, Ethereum and XRP. The trading platform is supported by Vertex Venture Holdings, a venture division of Singapore's Temasek Holdings.