🔥 TOP STORY
New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?
New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?

Bitcoin News - Samsung Galaxy S10 Supports Only Ethereum, No Place for Bitcoin: Report

  • Yuri Molchan
    📰 News

    📱🤑⚙️The new Samsung Galaxy S10, which was reported to support Bitcoin, Ethereum and ERC20 based tokens, now reveals Ethereum support only

Samsung Galaxy S10 Supports Only Ethereum, No Place for Bitcoin: Report
You may also like:
Contents

Several weeks ago, reports came out that the new Samsung Galaxy S10 smartphone, otherwise named “Blockchain Keystore”, would enable users to keep private keys to wallets for various crypto coins – Bitcoin, Ethereum and possibly ERC20 tokens in the future.

This was revealed at the Unpacked event hosted by the Korean electronics giant.

An unexpected curve

Photos and other details that reached the media later on said nothing new regarding the crypto coins the phone would support.

However, now the early-release version studied by a Youtuber going by the name crypto-jorozu proves that the new smartphone supports only Ethereum, without the major BTC currency.

Recording a short video of around nine minutes, the Youtuber unpacks the phone. This proves to be a release for Korea, rather than an international one. On the phone itself he spotted only info about ETH transactions and showed in to his viewers.

When crypto-jorozu started the Keystore app, he got a greeting with a BTC sign but still said that the software supports Ethereum only.

Other mobile crypto phones reject BTC too

Curiously, this is not the first time when wallet creators seem to have made their apps ETH-friendly without adding Bitcoin.

E.g., the wallet built in the famous browser Opera supports nothing by ETH and ERC20 tokens based on this blockchain. This is most likely due to the fact that Opera is focused on Internet apps and Ethereum has much more to do with dApps than BTC and is believed to be one of the most popular dApp platform.

Another example is Coinbase Wallet (not the same as the Coinbase.com exchange), which was previously called Toshi, has only lately listed Bitcoin and Litecoin with several other cryptos. The first digital asset that it had been supporting for about a year was Ethereum.

👉MUST READ QuadrigaCX Granted 45 More Days to Recover Lost $140 Mln, Exchange May Be Sold Later On

Enjin and Cosmo

The author of the YouTube video did not mention Cosmee (COSM) and Enjin (ENJ) coins, which the new Samsung phone was reported to support.

Apparently, this particular release of Samsung Galaxy S10 supports nothing but Ethereum. Still, taking into account the fact that Samsung representatives approved of these two altcoins during the presentation, the absence of support for ENJ and COSM may be added later or it is just region-locked.

Subscribe to the official U.Today Telegram channel. Get news first!
👓 Recommended articles

Bitcoin News - Ripple’s Market Cap Further Slips Behind Ethereum as XRP Price Prediction Stalls

  • Jack Thomas
    🤷 Opinions

    📊👀Ripple’s Market cap, through its XRP token, was ahead of Ethereum at a few stages, but its price prediction has slowed and come under pressure from resistance below the $0.33 mark, and in doing so, Ethereum has pushed higher into second place

Ripple’s Market Cap Further Slips Behind Ethereum as XRP Price Prediction Stalls
You may also like:
Contents

Ripple, and its native token XRP, have been stuck in a bit of a price vacuum over the past few weeks and months as many other coins have managed to break such marks. Sitting between $0.30 and $0.33, XRP has actually started to even lose ground on Ethereum in terms of market cap.

The third-ranked coin by market cap has in the past managed to over take the smart contracted-based blockchain as it surged in interest and growth in the recent past, but now it has fallen back by nearly $2 billion.

In terms of price prediction, XRP has a lot of hope and positivity surrounding Ripple’s efforts to make it a staple of banks going into the digital age, but it has stalled in its own growth recently, which is surprising seeing as other altcoins have doubled in 2019 alone.

XRP’s sticky situation

There was a small drop in the market last week which was halted when Bitcoin managed to keep above $4,000, but XRP also tested an important resistance. After testing the $0.3000 support, XRP’s price started a short term rebound against the dollar.

The price traded above the $0.3050 and $0.3080 resistance levels. The price even traded above the $0.3100 level, but it faced a strong resistance near the $0.3120 level. Besides, the price even failed to test the $0.3120 level and the 100 hourly simple moving average. A high was formed at $0.3113, and later the price started a downside move.

XRP is especially low currently, testing its floor rather than the ceiling, which has been seen closer to the $0.33 mark, but what is not helping the coin get past any of these resistance marks is its drop in market cap.

Ethereum taking the initiative

It is difficult to tell if Ethereum is making ground on XRP’s market cap based on its own growth – which has not been astronomical in terms percentage gains in the last few weeks – or if it has to do with XRP losing its own worth and value in the eyes of the market.

Ethereum is facing some major changes in the near future, and it could be that early investors are starting to look for a cheap deal as they prepare for the Casper upgrade and the change to Proof of Stake. Ethereum is bound to make big ground when that happens.

Ripple may not admit it, but having XRP as the second ranked coin above Ethereum would be a big deal for them as it adds a lot of legitimacy in the general market and helps in boosting their own worth and value as a company looking for more partnerships.

In this Telegram channel you’ll find fresh news, interviews, infographics, forecasts & other helpful stuff. Join U.Today's channel.
👓 Recommended articles