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‘Binance Phone’: HTC to Launch DLT Phone with Direct Link to Binance Chain/DEX

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  • Yuri Molchan
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    Binance teams up with the HTC giant to launch EXODUS 1 that supports the Binance DEX and Binance blockchain – limited edition

‘Binance Phone’: HTC to Launch DLT Phone with Direct Link to Binance Chain/DEX
Cover image via www.binance.com

The leading digital trader Binance that has been expanding its presence aggressively as of late and has introduced BTC futures trading recently has partnered HTC to release a limited number of  crypto phones. Apart from crypto wallets, those will automatically support Binance ledger and the Binance’s decentralized platform for crypto trading.

Binance teams up with HTC

The Binance corporate blog says that the biggest and the most innovative digital exchange is collaborating with HTC to release a DLT phone that will let customers trade on Binance DEX and benefit from using the Binance Chain – right on the new smartphone Binance Edition.

On this smartphone, the Binance DEX will be integrated with the native crypto wallet of HTC – Zion Vault – and this will allow customers to trade on the dex directly.

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Earlier, it was reported that the most recent edition of EXODUS crypto phone allows users to run a full-scale Bitcoin node on it.

HTC’s Phil Chen believes that this collaboration will change the current paradigm of using crypto exchanges and accessing them from mobile devices.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Ripple Once Again Tries to Toss Class-Action Lawsuit, Insists XRP Is Not a Security

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  • Alex Dovbnya
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    Ripple makes a final push to dismiss the damning class-action lawsuit ahead of a court hearing that is scheduled for January 2020

Ripple Once Again Tries to Toss Class-Action Lawsuit, Insists XRP Is Not a Security
Cover image via 123rf.com

Ripple has once once again asked a federal court to dismiss the pending class-action lawsuit over selling illegal securities, a new court filing shows.

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The company reiterates the same "statue of repose" argument, which means that the plaintiffs failed to meet a legal deadline for filing the suit. Ripple started selling XRP to retail investors back in 2013, which means that it was way too late to bring legal actions against it back in summer 2018 after a bar to a lawsuit was imposed in 2016.    

The blockchain behemoth also continues to insist that XRP is not a security, but it called this issue "irrelevant" to their latest motion, which is why it didn't address this point in-depth. It's not the first time that Ripple tries to dodge the big question that is the cornerstone of the long-lasting legal battle. 

"XRP is not a security, but that is irrelevant for purposes of this motion. Even if XRP were a security, Plaintiff's claims still fail as a matter of law,” the filing said.   

Ripple's previous attempt to throw the suit out of the court didn't bode well. As reported by U.Today, Bradley Sostack, the leading plaintiff in the ongoing case, believes that the defendants are still liable for selling illegal securities. The parties are expected to duke it out in court in January 2020.  

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XRP's status as a security remains a point of contention within the cryptocurrency industry. Crypto influencer BitLord recently slammed Ripple for dumping their native tokens on investors to acquire businesses.    

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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