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Samsung Galaxy S10’s cryptocurrency wallet to be made available only in 3 countries

Priya

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Samsung Galaxy S10's cryptocurrency wallet to be made available only in 3 countries
Source: Unsplash

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.”

Source: Reddit

Source: Reddit

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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Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.

Ethereum

Ethereum [ETH] witnessed 6 of 10 of its highest usage days in the past three weeks despite bear attacks

Akash Anand

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Source: Pixabay

Ethereum [ETH]’s movement on the cryptocurrency charts has been termed ‘slow’ or ‘unresponsive’ by many people involved in the world of digital assets. This subtle attack on the Vitalik Buterin co-founded network has been a prolonged process with many betting on the “death of the Ethereum network” due to the rise of faster and more efficient technologies and blockchain networks.

The second largest cryptocurrency, however, seems to have taken all these comments in stride as new data emerged that 6 of the 10 highest usage days in Ethereum’s history occurred over the past 3 weeks. Data from Etherscan.io showed a rise to a peak as Ethereum recovered well after the downturn in mid-January. The astounding peaks in terms of usage were also made evident when compared to the usage data in December/January 2018, the time period when the cryptocurrency market had reached its all-time high.

Some users in the cryptocurrency space were still critical about the data, with dk_holdnaut, a cryptocurrency enthusiast tweeting:



“I have never seen or even heard about anyone using any Ethereum app. If it was truly decentralized and censorship resistant I believe the people that value these perks the most atm and have the most funds to devote would’ve build a drug market dApp by now.”

However, Ethereum’s competition, EOS and Tron are not far behind. Just recently Tron, the Justin Sun-led cryptocurrency had announced that the TRX mainnet had crossed 2.5 million accounts, beating Ethereum with 8 million blocks. Ethereum, despite having the chronological advantage, had only 7.5 million blocks.

Ethereum had taken another hit when EOS set the record for the most number of cryptocurrency transactions in one day. Daniel Larimer, the CTO of Block.one had tweeted:

“#eos recently set a record of over 70m actions processed in one day. An average of over 810 actions per second. Our team is making great strides in further optimization and scaling. #B1JUNE”





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