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On Wednesday, Feb. 20, the mobile phone manufacturing giant Samsung Electronics released its flagship smartphone, the Galaxy S10. Crypto enthusiasts will be pleased to hear that the new phone comes with the company’s proprietary Samsung Knox security system which stores blockchain-based private keys.
Galaxy S10 Houses Private Keys
The relationship between Samsung and cryptocurrencies is official as the firm has released its latest Galaxy series that comes with a security system specifically designed to house digital currencies. This Wednesday, the South Korean electronics manufacturer announced the launch of the new Galaxy S10s which will be available in stores and online on March 8 throughout select markets. The smartphone is the first HDR10+ certified device, offers access to next-generation Wi-Fi 6 and features an Exynos 9820 chip. But cryptocurrency enthusiasts will be very pleased to hear that the phone will come with pre-installed hardware called Samsung Knox which is aimed at protecting blockchain assets.
“The Galaxy S10 is built with defense-grade Samsung Knox, as well as secure storage backed by hardware, which houses your private keys for blockchain-enabled mobile services,” explains the firm’s announcement.
Samsung had tried to keep the cryptocurrency focused hardware system under the radar for months, but had problems with leaks. For instance, on Dec. 19, a Norwegian television station unintentionally aired the smartphone’s first commercial. Then on Jan. 27, leaked photos had shown images of the ‘Samsung Blockchain Keystore,’ which reportedly will start off by supporting ethereum (ETH) and bitcoin core (BTC). Samsung had previously filed for a smartphone crypto wallet trademark on Dec. 28, 2018. The “Samsung Crypto Wallet,” trademark UK00003363431 explains the wallet is meant for smartphones, tablets, portable computers, and other types of devices. The software is for “use as a cryptocurrency wallet for cryptocurrency transfers and payments using distributed ledger technology,” the trademark details.
Samsung Follows the Blockchain Phone Trend
The company’s trademark Samsung Knox mobile security solution is meant for securing important data like passwords and private keys. The Knox website emphasizes that individuals and organizations use smartphones every day for banking and accessing business information. Knox is meant to protect that data if it falls into the wrong hands the company claims. Interestingly, Samsung’s security software has a white paper that says Knox is used widely throughout industries such as government, finance and healthcare.
Samsung’s entry into the blockchain space follows the smartphone giant HTC and the first cryptocurrency-centric smartphone called Exodus. Then there’s Sirin Labs’ Finney phone being sold at the company’s flagship store in London for $ 999. Samsung also released the Galaxy Fold this week which may have the built-in Samsung Blockchain Keystore and can fold in half.
What do you think about the new Galaxy series which houses private keys for blockchain-enabled mobile services? Let us know what you think about this subject in the comments section below.
Image credits: Samsung, and Twitter.
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Goop is coming to Netflix. Gwyneth Paltrow’s uber-popular, oft-derided lifestyle and wellness company, which started as a newsletter before expanding to a website , podcast , print magazine , health summit , and more, can now add “streaming series” to that list. The docuseries is coming this fall; 30-minute episodes, hosted by Goop editors…
On Jan. 16, hardware wallet manufacturer Satoshilabs, the creator of the Trezor line of cryptocurrency devices, announced its latest partnership with the mechanical artistry and design company Gray. The luxury designer is well known for its mobile collections like Zyra and Alter Ego and the two companies have now released a “luxury” aerospace-grade titanium hardware wallet series called Corazon.
Corazon: ‘Luxury’ Titanium-Grade Hardware Wallets
The Singapore-based manufacturer that creates custom Apple and Android mobile phone cases, Gray International, has partnered with the cryptocurrency company Satoshilabs. On Wednesday, the two businesses revealed a luxury grade series of hardware wallets called Corazon. The new devices are CNC machined using aerospace grade titanium that can withstand far more damage than traditional plastic and aluminum devices. The Corazon wallets are based on the Trezor Core firmware used in the company’s Trezor model T series. Just like a model T, the unit comes with a USB connector (type C to type A) and two recovery seeds. The new designer series Corazon model also serves as a password manager and a universal second-factor (U2F) token device as well.
The Corazon series is way more expensive than your average Nano or Trezor One, and almost three times the price of the Model T depending on which flavor of Corazon is chosen. The cheapest model is the basic gray colored titanium model for $ 696 per unit. The Corazon Stealth model ($ 996) is a limited edition piece with only 500 available and has a black physical vapor deposition (PVD) coating. The Corazon Gold version ($ 1,496) is also limited but to only 100 models and the device has a gold PVD coat instead of black.
“Each Corazon begins its life as a solid block of grade five aerospace titanium before being manufactured into its signature and attractive design,” explained Satoshilabs in an email to news.Bitcoin.com. “With special tamper-proof design, the device is impenetrable without compromising the external integrity — Audited by security researchers and verified by the stellar track record of Trezor, the Corazon’s technology is entirely open-source to be fully transparent, in line with Trezor security philosophy.”
Expensive But Limited
The new collaborative effort between Satoshilabs and Gray follows the recent Ledger Nano X launch on Jan. 6. The new model is similar to the old Nano’s case design but is bluetooth-enabled and can store up to 100 different digital assets. Gray explains on its website the Corazon release coincides with the 10th anniversary of Bitcoin’s creation. Each unit starts as a solid block of titanium and is then machined into a lightweight but strong hardware wallet. The limited edition models are finished to a degree “that is impossible to be replicated by hand” says Gray’s website. Cryptocurrency proponents can pre-order the Corazon models with either BTC or BCH via Bitpay, and the website takes traditional credit cards as well.
This is not the first time Trezor has released limited edition models, as the firm has released metal aluminum grade versions of their wallet in the past. Last December the firm sold metallic chrome-looking models for 600 euros and there were only 300 made. The limited series was called the “Steel Bundle” and the product came with a Cryptosteel seed container. Some people will likely disregard the new Corazon series on account of the price while others may see the wallets as a collectible.
What do you think about the new Trezor Corazon series designed by the mechanical artistry and design company Gray International? Let us know what you think about these products in the comments section below.
Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned company or any of its affiliates or services. Bitcoin.com and the author are not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. This editorial is for informational purposes only.
Image credits: Trezor, Gray International, and Bitpay.
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Two giants of the video game industry — Santa Monica’s Activision Blizzard and Washington-based game developer Bungie — are getting a surprise divorce, with just one year left to go on a 10-year contract inked in 2010.
Bungie announced the split in a blog post Thursday afternoon, and both companies…
A crew member on the Brooklyn set of a television series starring rapper 50 Cent was killed during production early Monday. Per TMZ , production assistant Pedro Jimenez was struck by an out-of-control SUV while setting up parking cones on the set of the Starz series Power . Jimenez was 63 and…
Fired WWE star Enzo Amore got tackled to the ground and kicked out of a wrestling event Sunday that he probably (definitely) shouldn’t have been at. The former two-time Crusierweight Champion crashed WWE’s ‘Survivor Series’ and made a fool of…
Singapore-based cryptocurrency exchange Kucoin has announced it has raised a combined total of $ 20 million in series A funding. Taking part in the Kucoin founding round were IDG Capital, Matrix Partners and Neo Global Capital.
$ 20 Million for Kucoin Exchange
Opened for cryptocurrency trading in September 2017, Kucoin reports it now has more than five million registered users, coming from over 100 countries. It is the 52nd most popular venue in the world by trading volume, with close to $ 600 million of cryptocurrency traded a month. Full details of the Series A deal have not been released yet, so it is impossible to calculate what valuation it was based on.
“This is truly a dynamic and significant partnership,” commented the exchange’s CEO Michael Gan. “The combined forces of IDG Capital, Matrix Partners, and Neo Global Capital will help Kucoin grow substantially, expand understanding and adoption of cryptocurrency for millions of potential users, and help these users more efficiently find the best products available in the crypto-world no matter where on the planet they may exist.”
Expanding Across the World
The capital is earmarked for helping the exchange with a number of developments. Firstly, Kucoin Platform 2.0 is expected to go live in Q1 2019 and allow the exchange to scale and add new features such as stop orders, upgraded APIs and a dust collector. The company will also hire more customer support staff to offer ‘concierge-level’ service to traders. And a large portion of the newly secured funds will help expand the Kucoin research team.
Kucoin, which entered Australia two months ago, will also leverage the new capital for a global expansion with targeted marketing and advertising campaigns. The company said that in the coming months it will expand in different markets, with Vietnam, Turkey, Italy, Russia and all Spanish-speaking countries as the main focus for growth in Q4 of 2018. It estimates that a total of 10 global markets will be up and running by Q2, 2019.
Where should Kucoin expand to next? Share your thoughts in the comments section below.
Images courtesy of Shutterstock.
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When the Boston Red Sox hit an L.A. nightclub to celebrate their World Series title, they bought 169 bottles of champagne and left a $ 195,000 tip, TMZ Sports has confirmed. As we previously reported, the Sox hit up the Sunday party at…
The Boston Red Sox won their fourth World Series championship in 15 years, beating the Los Angeles Dodgers 5-1 in Game 5 Sunday night behind David Price’s pitching and Steve Pearce’s power. Alex Cora became the first manager from Puerto Rico to guide a team to the title. He’s just…