With the huge increase in cryptocurrency adoption by non-experts in 2021, the number of scammers is also on the rise. Fraudsters have started using the SIM-swap method to gain access to users' personal information such as emails, bank accounts, and even their digital assets.
South Korean international conglomerate corporation LG Electronics made it clear on September 15, 2019, that it is planning to release its own blockchain-based smartphone. This has therefore confirmed the rumors that has been circulating the market. The electronics giant will become one of the few mobile phone manufacturers to join the cryptocurrency industry.
A merchant in Genoa, Italy, bought fake cryptocurrency and lost more than €30,000. The complaint was presented at the offices of the postal police. With the inspector who took charge of the complaint, explained that the merchant had bought Bitcoins for 30 thousand euros from a self-styled trader who contacted her on her cell phone.
South Korean global electronics conglomerate Samsung adds Bitcoin (BTC) support for their blockchain Galaxy 10 smartphone. The Galaxy phone which supports cryptocurrency was officially launched back in March. Since then, the digital currency community has been seen increasingly purchasing the handset so as they can start trading and using the supported cryptocurrency through the Blockchain Keystore App installed in the phone.
While technologies are getting mobile, we are getting more and more used to having everything at hand on our smartphones. Payments are no exception. And though most banks and payment operators offer mobile solutions for fast payments, it is getting obvious smartphone manufacturers will delve into cryptocurrency, blockchain and distributed ledger technology (DLT) to offer payment options.
The electronics bull, Samsung has officially declared that the blockchain and cryptocurrency wallet for its Galaxy S10 phone is at this time compatible only with Ethereum (ETH) and Ethereum-derived ERC20 coins. Bitcoin (BTC) and other major cryptocurrencies are not yet supported, regardless of the BTC logo surfacing on previous pre-release presentation pictures.
In the world of smartphones, we thought we had seen it all, particularly after the arrival of folding smartphones, but the Mobile World Congress (MWC) taking place in Barcelona, Spain, gives us another innovation to discuss: the first smartphone in the world which earns crypto just by keeping it on.
The HTC Exodus 1 blockchain tech and crypto phone could play an important part in building the next Internet. Conversely, the firm is proud to explain its commitment to the device, which it believes could have significant results in shaping and building the future of the Internet itself.