From a potential Bitcoin bombshell to a questionable report on Ripple and XRP, here’s an appearance at a few of the stories breaking in the world of crypto.
Bitcoin and Ethereum
A series of images that surfaced on Twitter are developing a burst of speculation in the cryptoverse.
The images apparently show the unreleased Samsung Galaxy S10 smartphone, geared up with a native cryptocurrency wallet that supports Bitcoin and Ethereum (ETH).
January 22, 2019 Crypto expert Joseph Young states if speculation around the pictures holds true, it could be larger than Bakkt and the passage of a Bitcoin ETF combined.
Modest opinion: if Samsung integrates crypto to Galaxy S10, I believe it might have a larger impact than ETF and Bakkt integrated.
Partly since nobody truly understands what type of exposure ETF/ Bakkt will bring meanwhile millions of people use Samsung phones daily.
January 24, 2019 Last month, Samsung released a declaration after an initial round of reports claimed the Galaxy S10 will incorporate a wallet for Bitcoin and other cryptocurrencies. “Regrettably we are not able to offer any info as the below is rumor and speculation,” the tech giant said at the time.
The Galaxy S10 will be formally exposed on February 20th, with its release anticipated in March.
In December 2018, Samsung first applied for three blockchain-related, European trademarks for smart devices.
Last July, Joel Snyder, a senior IT consultant, released a post on Samsung’s Business Insights entitled, “Why Smartphones Have the very best Security for Blockchain and Cryptocurrency.”
Ripple and XRP
Ripple is responding to a brand-new report that declares the market cap of XRP is likely inflated — by billions of coins — on third-party crypto data services such as CoinMarketCap.
According to the crypto information startup Messari, Ripple has not revealed all of its sales and circulations of XRP to 3rd celebrations. Messari states 19.2 billion of the 41.0 billion XRP currently noted as “in circulation” on CMC might be illiquid or subject to significant selling constraints.
“In reality, this price quote may prove to be conservative, as they belie XRP trading volumes which have consistently fallen well listed below that of EOS and Litecoin, two cryptoassets whose present referenced market caps are a mere 17% and 15% of XRP’s, respectively. In addition, our company believe the real amount of ‘restricted’ XRP in distributions to investors, banking partners, and employee may be significantly greater than our initial estimates show.”
According to Ripple, the claims are extremely inaccurate.
“Not just does this report consist of several incorrect assumptions around lockups and selling limitations, the whole report is based on an inaccurate computation of market cap. While decentralized digital properties like XRP are different from traditional equities, the term ‘market cap’ is constantly a really basic estimation: current price X total number of the asset = market capitalization. That puts XRP’s current market cap at roughly $31 billion. We think that any other computation of market capitalization for XRP is not a clear representation of the fact.”
A crush of crypto exchanges and wallets are pledging to support the upcoming airdrop for the brand-new Tron-based BitTorrent token (BTT).
Up until now, the crypto exchanges Upbit, Binance, CoinEx, Huobi, OKEx, Gate.io and Bithumb are on board.
The trading platform eToro just added the privacy coin Zcash. The new addition brings the overall number of coins on the crypto platform to 14.
Zcash is now readily available on eToro.
As our choice of cryptocurrencies continues to grow and broaden, we enjoy to present the most recent addition: Zcash. You can now purchase and offer real #ZCash on eToro.