Global fintech and funding innovation ecosystem

New Samsung Galaxy S10 Includes Cryptocurrency Key Storage

Cointelegraph | By Aaron Wood | Feb 20, 2019

samsung s10 and crypto - New Samsung Galaxy S10 Includes Cryptocurrency Key StorageThe new Samsung smartphone, the Galaxy S10, will include storage for private cryptocurrency keys, according to an official press release on Feb. 20.

Samsung announced the launch of its new phone today in Seoul, San Francisco and London, which includes the Samsung Knox function. Per the press release:

“Galaxy S10 is built with defense-grade Samsung Knox, as well as a secure storage backed by hardware, which houses your private keys for blockchain-enabled mobile services.”

See:  Navigating Bitcoin, Ethereum, XRP: How Google Is Quietly Making Blockchains Searchable

Ahead of the S10’s release, rumors abounded regarding the phone’s possible configuration and support for cryptocurrency wallets and DApps. Last month, images surfaced that allegedly portrayed a “Samsung Blockchain Keystore” on the Galaxy S10. The reportedly leaked photos featured an Ethereum (ETH) wallet option in the “supported cryptocurrencies” list. No such wallet was mentioned in today’s press release.

Samsung is not the only major smartphone producer to have implemented crypto-related capabilities into smartphones. In May last year, Consumer electronics corporation HTC has unveiled “the first native blockchain phone,” HTC Exodus, which will launch with support for multiple blockchains, including Bitcoin (BTC) and Ethereum networks and features Brave as its default browser.

Continue to the full article --> here


NCFA Jan 2018 resize - New Samsung Galaxy S10 Includes Cryptocurrency Key Storage The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - New Samsung Galaxy S10 Includes Cryptocurrency Key StorageFF Logo 400 v3 - New Samsung Galaxy S10 Includes Cryptocurrency Key Storagecommunity social impact - New Samsung Galaxy S10 Includes Cryptocurrency Key Storage

Support NCFA by Following us on Twitter!







NCFA Sign up for our newsletter - New Samsung Galaxy S10 Includes Cryptocurrency Key Storage




AI | Jun 14, 2024 Revolutionizing Privacy in AI Interactions The well-known privacy-focused search engine DuckDuckGo just released 'AI Chat' (with a twist), their latest feature. This service offers customers a unique, privacy-focused method of interacting with AI chatbots by enabling them to access well-known chatbots while being completely anonymous. See:  Financial Privacy: SEC Launches Enormous Database Compiling All Stock Trades This project is well aligned with the growing concern in the digital era about data security and privacy. DuckDuckGo offers useful AI services while addressing the challenge of protecting personal data by guaranteeing anonymous interactions. When interacting with AI chatbots, no personal information is gathered or shared thanks to DuckDuckGo AI Chat. Remember, in the AI sector, this level of privacy protection is unheard of so time to pay attention. Without revealing their identity, users can interact with several AI chatbots on a single platform. This facilitates easier and safer access to a variety of AI technologies. Users have complete control over their data, which reduces the risks privacy, data breaches, and illegal data use. This feature will probably persuade other tech firms to make privacy a top priority, which could result in more changes to the way AI ...
Freepik rawpixel.com data privacy - New Samsung Galaxy S10 Includes Cryptocurrency Key Storage
Digital Assets | Jun 13, 2024 The ESMA DLT Pilot Regime: One Year On and Its Future with MiCA The Distributed Ledger Technology (DLT) Pilot Regime was introduced by the European Securities and Markets Authority (ESMA) on March 23, 2023. This effort provides a regulatory framework for trading and settling transactions using crypto-assets that meet MiFID II's definition of financial instruments, with the goal of integrating blockchain technology within the EU's financial markets. After a year of the regime, instead of publishing it's annual update report, ESMA has released a 4 page letter outlining difficulties and recommendations that must be taken to ensure success. Slow Traction The adoption of the DLT Pilot Regime has been slower than expected as of April 2024. Four official applications have been filed, according to ESMA, and the corresponding National Competent Authorities (NCAs) are presently reviewing them. Eight additional applications are anticipated throughout the year as well. One major explanation for the regime's sluggish adoption has been attributed to its novelty. Creative Approaches to Cash Settlement ->  Cash settlement procedures are more difficult without central bank digital currencies (CBDCs). While tokenized commercial bank money or e-money tokens can be used by DLT market infrastructures, applicants ...
ESMA DLT Pilot Regime - New Samsung Galaxy S10 Includes Cryptocurrency Key Storage
Crypto Enforcement | Jun 13, 2024 Terraform Labs Settles SEC Fraud Case with $4.55 Billion Penalty One of the biggest fines in SEC history, $4.55 billion, will be paid by Terraform Labs and its creator, Do Kwon, as part of a settlement with the Securities and Exchange Commission (SEC) on fraud charges. Do Kwon launched Terraform Labs, which created the stablecoin TerraUSD. The stablecoin crashed in May 2022, causing an estimated $40 billion in damages for investors. The SEC charged Terraform Labs with misrepresenting the dangers to investors and offering unregistered securities while making false claims regarding the stability of TerraUSD. See:  SEC Scrutinizes Terraform’s $166M Transfer to Dentons A $420 million civil punishment for Terraform and a $80 million civil fine for Do Kwon are included in the $4.55 billion settlement, along with $4.05 billion in disgorgement and interest. In accordance with the resolution, Terraform must also shut down operations and apply for approval of a Chapter 11 liquidation plan. A trustee will be chosen to oversee any residual assets and make payments to investors and creditors. The need for cryptocurrency companies to adhere to financial regulations, transparency and truthful portrayal of financial products and services to prevent deceiving ...
Pixabay WilliamCho Justice scales - New Samsung Galaxy S10 Includes Cryptocurrency Key Storage
Banking | Jun 13, 2024 National Bank to Purchase Canadian Western Bank for $5 Billion in Shares The National Bank of Canada has announced that it's reached a final deal to purchase Canadian Western Bank (CWB) for $5 billion in an all-share transaction where every CWB share will be swapped at a National Bank share price of $0.450. The purpose of the acquisition is to improve National Bank's banking services across Canada, and in particular in Western Canada. See:  Canadian Banks Face Scrutiny Over Sustainability Claims With 39 branches, CWB has a substantial presence in Western Canada, where the acquisition expands National Bank's network. Combining assets and resources of the two banks will provide consumers with cutting better tech and a wider choice of financial products and services. The National Bank projects $270 million in pre-tax cost and funding synergies every year. Following the announcement, CWB shares increased by more than 20%, demonstrating strong investor confidence in the deal's strategic advantages. Regulatory Approvals Required The Financial Consumer Agency of Canada (FCAC), Competition Bureau, and Office of the Superintendent of Financial Institutions (OSFI) must all provide their regulatory approvals before the acquisition can proceed. It is anticipated that the deal would ...
Freepik rawpixel.com agreement - New Samsung Galaxy S10 Includes Cryptocurrency Key Storage
Jun 13, 2024 According to NBC News, around 21% of US adults have owned cryptocurrencies at some point. However, cryptocurrency regulation is still a gray area and lacks definition. Digital assets are treated in various ways by interested agencies. For example, the Securities and Exchange Commission (SEC), would like cryptocurrencies to be classified as securities, the Commodity Futures Trading Commission (CFTC) says that cryptocurrencies are commodities, and the Inland Revenue Service (IRS) started treating cryptocurrencies as property in 2014. It’s clear that the overall legal position of cryptocurrencies in the US is complex. The same can be said for the legality of using cryptocurrencies at online casinos. We will examine the regulation of US online casinos and explain how this affects the use of cryptocurrency casinos in the country. The legality of online casinos overall Only seven US states currently permit online casinos to operate. These states are Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, West Virginia, and Rhode Island. In these states, people can use licensed online casinos. In addition, many Americans also use offshore online casinos where regulation is not present in any state except Washington, where offshore sites are specifically prohibited. Other states have formed a coalition to ...
Freepik rorozoa online casino - New Samsung Galaxy S10 Includes Cryptocurrency Key Storage
Economy | Jun 12, 2024 Canada’s new capital gains tax hike passes despite opposition, raising concerns about economic impacts. The capital gains tax rate in Canada was recently passed (vote 208-yes to 118-no) to increase significantly, from 50% to 66.67%, which comes into effect Jun 25, 2024.  The Liberal government is implementing this move as part of its attempts to boost income and enhance the neutrality of the tax system. But this approach has sparked a contentious discussion among lawmakers, economists, and business executives. Economic Impact and Criticisms The higher capital gains tax, according to economists, may discourage investment even more, accelerating Canada's declining productivity and competitiveness. Higher divestment taxes are feared to damage Canada's competitive advantage by incentivizing entrepreneurs to found their startups in countries with more innovation-friendly tax laws. See:  Canada’s Capital Gains Tax Changes Sparks Economic Debate Beata Caranci, Chief Economist at TD Bank said: "Limiting the prosperity of Canadian enterprises through additional levies will restrict prospects and job creation." The Canadian government has allocated a portion of its increased expenditure to programs that support economic growth, like expenditures in technology research and development, in an effort to lessen the impact of the new taxes. Critics counter ...
Freepik rawpixel.com taxes - New Samsung Galaxy S10 Includes Cryptocurrency Key Storage
Open Banking Jun 12, 2024 CFPB Publishes Final Rule on Personal Financial Data Rights The Consumer Financial Protection Bureau (CFPB) has published final rules for personal financial data rights (PDF)| Newsroom announcement, which focuses on recognizing industry standard-setting groups.  The approved rule is a part of a larger initiative to enhance consumer's control over their financial data and promote open banking by implementing Section 1033 of the customer Financial Protection Act.  Here's what you need to know. 10 Takeways 1.  The final regulation will go into force on July 11, 2024. This gives companies one month to get ready for compliance. 2.  The rule lays out the procedure by which industry organizations can be recognized by the CFPB. Consensus standards will be created by recognized organizations to help with the new Personal Financial Data Rights rule's compliance. The CFPB also released this guide. 3.  Five essential characteristics that standard-setting bodies must exhibit are: transparency, openness, balance, due process and appeals, and consensus. These characteristics ensure fairness, inclusivity, and transparency of the standards that are set. See:  Open Banking: Revolutionizing Financial Data Sharing 4.  This is an open role opportunity.  All interested parties, including consumer advocacy organizations, app developers, and different ...
Freepik data sharing rights - New Samsung Galaxy S10 Includes Cryptocurrency Key Storage
MaRS | Jun 11, 2024 MaRS Discovery District Job Cuts 20 Jobs and Looks to Operate a Leaner Business Model Approximately 20 positions, including several top-level responsibilities, were eliminated as a part of a recent major restructure at MaRS Discovery District, one of Canada's leading government funded innovation support organizations. Amidst financial challenges, MaRS looks to reduce hierarchy and move towards a more agile and lean structure in order to better allocate resources to programming that supports founders and encourages ecosystem engagement. See:  Corporate Venture Capital in Canada: Insights and Challenges Since its founding in 2000, MaRS has expanded its support to include a variety of tech industries, but its initial focus was on the medical and allied sciences. It has been crucial in helping businesses with advisory services and in creating venture capital projects like Graphite Ventures and the MaRS Investment Accelerator Fund. Alison Nankivell, CEO, MaRS stated: “Our path forward necessitates changes toward a more agile and lean organizational structure that reduces hierarchy and leadership roles in favor of a reallocation of resources to support programming that more effectively supports founders, fosters even greater ecosystem collaboration, and ultimately increases our impact.” Financial Overview and Key Departures Since 2019, ...
Freepik master1305 restructuring - New Samsung Galaxy S10 Includes Cryptocurrency Key Storage
Tokenization | Jun 11, 2024 US Congress considers the regulatory challenges and benefits of tokenization On June 5, 2024, Washington lawmakers discussed the "Tokenization Report Act of 2024" (HR 8464), which is sponsored by Rep. William Timmons and co-sponsored by Rep. Ritchie Torres in the 118th Congress. The Act mandates a thorough report on the advantages and disadvantages of asset tokenization using blockchain technology, the variations between blockchain networks, the current level of interoperability, and international regulatory strategies. The Federal Deposit Insurance Corporation, the Comptroller of the Currency, the National Credit Union Administration Board, and the Board of Governors of the Federal Reserve System are to jointly submit this report. Within 180 days after the act's passage, the report must be given to the Senate Committee on Banking, Housing, and Urban Affairs and the House Committee on Financial Services. See:  U.S. House passes FIT21 with Bipartisan Support Strong regulations are required to control the tokenization of RWAs, as recent talks in Washington have shown. The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), among other legislative and regulatory organizations, are investigating the applicability of current securities and commodities rules to tokenized assets. The classification of digital ...
Tokenization of RWA Tokenization Report Act of 2024 - New Samsung Galaxy S10 Includes Cryptocurrency Key Storage
Jun 11, 2024 Key Takeaways: Data breaches can severely impact businesses by eroding customer trust, halting operations, and causing legal issues. Implementing strong passwords, multi-factor authentication, and regular software updates are essential steps in securing your data. Educating employees on data security practices and using reputable IT services can significantly enhance your data protection measures. Have you ever wondered what would happen if your customer database or financial records were suddenly exposed online? Data breaches are a harsh reality for businesses of all sizes and entrepreneurs; the consequences can be particularly damaging. A single attack can erode customer trust, halt operations, and even lead to legal repercussions. But don't panic! This guide is your roadmap to data security. Continue reading to learn more. What Is Data Protection?  Data protection refers to the set of practices, protocols, and technologies employed to secure personal, business, and customer data from unauthorized access, data breach, and other forms of compromise. It encompasses various strategies aimed at safeguarding the confidentiality, integrity, and availability of data. These strategies include encryption, access controls, and regular security audits. For entrepreneurs looking to enhance their data protection, hiring Kenyatta Computer Services or other service providers can offer expert assistance in ...
Data security Center - New Samsung Galaxy S10 Includes Cryptocurrency Key Storage

 

Leave a Reply

Your email address will not be published. Required fields are marked *

three × one =