Storage

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.

Its now confirmed that the Galaxy S10 supports crypto. With its headquarters based in South Korea, Samsung, an electronic conglomerate, has officially entered the blockchain and cryptocurrency industry after announcing a variety of new electronic products ranging from foldable phones to new wearables.

The famous cryptocurrency exchange Coinbase, based in the US, has officially announced encrypted storage support for their official Coinbase Wallet seed or private keys on iCloud and Google Drive. The announcement was made on Tue Feb 12.

US-based company Fidelity Investments announced that it will likely launch its new cryptocurrency custody service in March this year. Fidelity plans include that the Bitcoin (BTC) storage will come first and then Ethereum (ETH) will follow.

Several financial institutions have recently been hedging their bets or completely integrating cryptos. The proper acquisition and filing of patents is how big organizations express their interest in a particular field, and Bank of America (BofA) still leads, one for "tamper-responsive". On October 30, 2018, BofA put yet another crypto-related patent to its major collection of over 50 applications that were filed in similar field.

BigQuery, the Google's data analysis programme for huge amounts of information, now shows Ethereum (ETH) Blockchain data. BigQuery is linked to Google Storage and allows users view data physically. It was publicly made available in November 2011 claiming to manage up to 70 terabytes (TB) of information.

Bank of America (BoA), a big US-based banking institution, has filed a patent for a mega system created to give a more secure means for keeping Crypto.

Smart technology firm OraSaifu has announced a new payment product in the form of a multi-cryptocurrency hardware wallet secured by high-grade security. The digital card screen display wallet will be expected to hit global markets in mid-July 2018.

Ideal Data Memory (IDM) releases a decentralized platform for ultra-secure data storage based on the SIZE algorithm. Data in the IDM repository is encrypted on the sender's device, cannot be opened, lost, or stolen by hackers.