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   581

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.

Barclays to Freeze Crypto Trading Project

This is reported by two anonymous sources to Financial News London
15 October 2018   100

One of the largest UK bank Barclays has suspended work on its own crypto-trading project, Financial News reports citing two sources familiar with the situation.

Earlier this year, the bank gathered a high profile team to explore opportunities for cryptocurrency trading as part of its own business. However, according to one source, the initiative was “frozen”.

The former head of Barclays for energy trading, Chris Tyrer, who headed the “digital assets project,” left the bank in September after management decided to freeze the initiative.

Together with Tyrer, the macro-strategy in the field of foreign exchange and emerging markets was Marvin Barth, Senior Technical Specialist Lee Brain, and Consultant Matthew Jobb Duval.

Their task was to determine whether cryptocurrencies are an asset class with far-reaching prospects, whether Barclays customers are interested in them and what type of IT infrastructure will be needed to work with them, the source said.