Samsung, one of the leading smartphone manufacturers around the globe, made headlines in the cryptocurrency space, especially in the Ethereum community. Last month, the South Korean electronics giant stated that they would be adding support to a cryptocurrency wallet in their new smartphone – Samsung Galaxy S10. However, according to the latest reports, these features would be available only in certain geographic locations.
The official announcement by Samsung said:
“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.
The new smartphone was released on March 8 in over 70 countries worldwide, including the US, India, Canada, Australia, European countries and China. The sale of the smartphone is set to expand to over 130 counties by the end of this month.
Nevertheless, a Twitter user, Alan [@xrphodia], asked Samsung Australia whether the phone supported a cryptocurrency wallet on its social media handle. To this, Samsung stated that the feature was currently not supported in Australia.
The team firmly stated that this was only available for users in the United States, Canada and Korea and that they would notify their users if there were any updates.
LocalethereumMichael, a Redditor, said:
“I bought the S10e thinking it would have the Ethereum wallet. Probably wouldn’t have bought it otherwise. It was a let down. Hopefully they open it up in Australia in the future. Unlike Europe, crypto wallets aren’t regulated here, so I don’t see the problem. Oh well. It’s still a good phone.”
OlympianBitcoin, another Redditor, said:
“Maybe that’s a precaution so if there are bugs they won’t affect the entire world… Still, not sure if I would trust Samsung with my crypto. Maybe for convenience, which is OK, but large amounts not really”
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Ethereum [ETH] and Tron [TRX] Price Analysis: ETH and TRX witness steady growth
After the recent pullback of Bitcoin, the market was forced to fall drastically, Ethereum saw a steady recovery post the fall. Ethereum ranked number 2 overall and was priced at $259.12, with a market cap of $27.5 billion. The 24-hour trade volume came up to $23.62 billion out of which, BitMEX contributed 13.94% via XBT/USD. ETH saw a price surge of 9.85% in the last 24 hours, at press time.
Tron, ranked eleventh overall was priced at $0.0294, with a market cap of $1.96 billion. The 24-hour trade volume came up to $683 million, out of which, BW.com contributed 8.09% via the TRX/USDT pair. A price surge of 9.64% was seen by TRX in the last 24 hours.
1-Day – ETH
The one-day chart of ETH showed an uptrend from $150.8046 to $264.1566. The support points were seen at $84.4047, $104.1055 and $153.1049. The point of correction was seen at $264.7427.
The Chaikin Money Flow indicated that the inflow of capital into the ETH market was more that the outflow.
The MACD indicator showed a bullish crossover.
The Relative Strength Index put the coin in the overbought zone.
1-Day – TRX
The one-day chart of TRX showed an uptrend from $0.0132 to $0.0236. The support points stood at $0.0126, $0.0225 and $0.0255. The resistance was seen at $0.0307.
The Parabolic SAR indicated a bullish trend as the dotted markers were under the candles.
The Bollinger Bands indicated volatility in price as the band expanded.
The Relative Strength Index indicated a bullish trend as the graph was closer to the overbought zone.
The one-day charts of ETH and TRX are in a bullish market if the indicators are to be believed.
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