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   710

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.

Reddit Founder to Share Thoughts on Crypto Winter

Alexis Ohanian believes that overall market fall allows to clean industry from speculators and its good for long-time health
22 February 2019   110

The prolonged fall in the cryptocurrency market allows the industry to get rid of speculators, freeing up space for real cryptocurrency enthusiasts. This was announced by the founder of the Reddit social network, Alexis Ohanian, in an interview with Yahoo Finance.

He noted that such mass cleaning is beneficial to the industry’s long-term health.

Now, it's still to be seen. But what's a strong signal to me is still some of the smartest people I know in tech are working on solving these problems. They're building companies that are built on blockchain. The hype is gone. The fervor is gone. But I think that's a good thing.
 

Alex Ohanian

Founder, Reddit

In February, Reddit attracted $ 300 million investment and reached an estimate of $ 3 billion. The Chinese holding Tencent ($ 150 million), investment firms Sequoia and Fidelity, as well as the musician Snoop Dogg, took part in the round of financing.

Earlier, the head of Pantera Capital, Dan Morehead, said that market participants should not worry about cryptosis, as the current situation opens up good prospects for the future development of the bitcoin and blockchain industry.

A similar point of view was expressed by the founder of Morgan Creek, Anthony Pompiano, in November 2018, stating that the bear market is throwing "tourists" out of the game.