Huobi to Release Cheap Smartphone

The main feature of the device, created together with Whole Network startup is build-in cryptocurrency wallet
04 September 2019   905

Huobi Global Cryptocurrency Exchange in partnership with Whole Network startup introduced a blockchain smartphone with a built-in cryptocurrency wallet. A device called Acute Angle is already available to some users from China, but the actual release is scheduled for next week, according to the website of the exchange.

Acute Angle
Acute Angle

In addition to the built-in wallet, the Android smartphone is equipped with a push-notification function for trading transactions. In addition, a cold wallet plugin can be added to the device separately.

Acute Angle is much cheaper than other blockchain smartphones - its price is $ 515, while, for example, a Finney device from Sirin Labs costs about $ 1,000. Acute Angle can also be purchased for native tokens of the Huobi exchange.

“We think blockchain phones are a promising area for future blockchain industry development. As the industry develops and as innovations like 5G become increasingly integrated into our telecommunications systems, we believe more and more crypto communities will want to trade and transact from mobile devices.”

We think blockchain phones are a promising area for future blockchain industry development. As the industry develops and as innovations like 5G become increasingly integrated into our telecommunications systems, we believe more and more crypto communities will want to trade and transact from mobile devices.
 

Livio Weng 
CEO, Huobi Global

By the end of 2019, the smartphone should appear in the markets of Southeast Asia, and in the future the company plans to enter the US and EU markets.

Qu Capital to be Acquired by the Genesis

Qu Capital was applicating the “state-of-the-art statistical techniques” to identify and trade inefficiencies across asset classes
20 September 2019   73

OTC cryptocurrency trading service Genesis Global Trading acquired the analytical firm Qu Capital.

Genesis will add Qu Capital's tools, including machine learning algorithm and other technologies, to existing products and new offerings, reports The Block.

This acquisition is the latest effort to bolster our technology capabilities and intellectual firepower in order to better serve clients in an increasingly competitive marketplace.
 

Michael Moro
CEO, Genesis

Qu Capital was engaged in the application of “state-of-the-art statistical techniques” to identify and trade inefficiencies across asset classes.

The deal was the first acquisition of Genesis. The company does not disclose its terms