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   1296

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.

OKEx Ex-CEO to Intend to Raise $40M

Funds are needed for the new exchange called ACDX, which will offer  futures, options, revocable bear/bullish contracts and more
06 February 2020   594

Andy Cheung, who until recently was the operating director of the OKEx cryptocurrency exchange, will open a new derivative trading platform ACDX by the end of the first quarter, CoinDesk reports. The exchange will offer its clients futures, options, revocable bear / bullish contracts, debt contracts and fixed coupon notes.

One of our main goals for the exchange is to provide retail investors with ... structured products that are more commonly used by accredited crypto investors and wealth managers.

 

Andy Cheung

Former chief operating officer at OKEx

In the future, ACDX plans to reach a global level, but first of all it will gather a client base in Asia, using the connections of Cheung and partners in Hong Kong and China. In preparation for the launch, she intends to raise $ 40 million through the sale of tokens and shares in her business to crypto funds, private investment firms and family capital management companies in Europe and Asia. 

We have over $4 million so far and most of the money comes from our own funds. We are in talks with potential investors and likely to announce new investments in the next two months.

 

Andy Cheung

Former chief operating officer at OKEx

To date, ACDX has hired more than 25 employees, including eight developers who are preparing the trading platform for launch.