Huawei to Consider Blockchain Ready Smartphone Creating

According to the sources, Huawei executives have met with Sirin Labs’ team over the past two months
22 March 2018   497

One of the world's largest manufacturers of mobile devices Huawei is considering the possibility of creating a smartphone with built-in support for blockchain applications. This is reported by Bloomberg.

Referring to "sources familiar with the situation," the publication notes that the Chinese telecom giant is in talks with the startu. It allows user to run blockchain applications along with standard programs for Android.

Representatives of Huawei and Sirin Labs confirmed to Bloomberg information that the negotiations were in progress, but the specific results are not yet known.

As known, Sirin Labs is also working to develop its own blockchain-based smartphone. The company is planning to sell its Finney phone for about $1,000 after the second half of this year and has pre-orders for more than 25,000 units, according to Sirin Labs spokesman Nimrod May.

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   137

The KashMiner bitcoin miner, exhibited at the Kodak stand during the CES technology show in Las Vegas, was in fact a product designed to mislead potential consumers and with a potentially unattainable potential return. This is reported by BBC.

Spotlite USA is licensed by Kodak's lighting division, which allows it to use the famous brand in its products. In January 2018 the company introduced its miner and announced that it intends to lease it. According to its business plan, potential users had to pay a commission before getting the device. It was expected that after depositing $ 3,400, the customer will receive a device that will allow him to easily cover expenses and receive revenue from bitcoin mining.

However the company did not have an official Kodak license to use the brand in the production of mining equipment and initially overstated the indicators of the potential profit of its device, refusing to take into account the growing complexity and costs of bitcoin mining. The advertising materials reported that KashMiner brings $ 375 a month, which, subject to a 2-year contract, would allow the client to receive $ 5,600 of profit after paying a commission. Experts from the industry of cryptocurrency call this offer a scam.

There is no way your magical Kodak miner will make the same $375 every month.
 

Saifedean Ammous

Economist

CEO Spotlite USA Halston Mikail previously reported that he plans to install hundreds of miners at the headquarters of Kodak. According to him, he already managed to place 80 miners there, but the Kodak spokesman denied this information.

While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.
 

Kodak Spokesman

In a phone call with the BBC, Spotlite's Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead.