Crypto News Recap: Huawei to Integrate Crypto Wallet into New Mate 40 Series Phones

Published November 2nd, 2020 - 07:30 GMT
Crypto News Recap: Huawei to Integrate Crypto Wallet into New Mate 40 Series Phones
Huawei, the multinational technological giant, announced that its brand new Mate40 series will have a built-in cryptocurrency wallet for the new Chinese central bank coin known as the digital Yuan. (Shutterstock)
Highlights
Here are the market highlights for the week.

Bitcoin (trading $13,718.80 at press time) continued its bullish momentum.

This was the best performance since January 2018 at $14,090 as the main coin rallied 90% in a year-to-date and raised almost 191% from last March lows.

Source: coinmarketcap.com

Crypto Market Cap: 

The whole crypto market sentiment re-enters the positive zone following the main coin. 

Source: coinmarketcap.com

Without any further delay, let’s take a look at the major highlights of last week in the amazing world of crypto:

 

Christine Lagarde welcomes public commentary on New Potential European CBDC

On a Twitter thread on Sunday, Former IMF Chief and President of the European Central Bank invited people to comment on the new European CBDC:

Lagarde commented in a video: “We’ve started exploring the possibility of launching a digital euro. As Europeans are increasingly turning to digital in the ways they spend, save, and invest, we should be prepared to issue a digital euro if needed. I’m also keen to hear your views on it.”

The thread also included a survey link that the president invited people to take part in to express their opinions about the digital eurozone coin.

Happy 12th Birthday Bitcoin!  

On Oct. 31, 2008,  Satoshi Nakamoto published the white paper on the coin that revolutionized the whole financial system.

In this white paper, Nakamoto proposed a solution to ‘the double-spending problem using a peer-to-peer network’.

The birth of Bitcoin was a reaction to the 2008 financial crisis that wrecked the whole world and exposed the faults of the current financial systems and introduced a solution to this catastrophic chaos. As we’re heading towards a new financial crisis, what do you think this will mean for the main cryptocurrency?

New Huawei Mate40 series Phones to include a hardware crypto wallet for Digital Yuan

Huawei, the multinational technological giant, announced that its brand new Mate40 series will have a built-in cryptocurrency wallet for the new Chinese central bank coin known as the digital Yuan.

According to a post published on the Chinese microblogging website Weibo, the tech giant announced that the users of the new phones will get to enjoy ‘hardware-level security, controllable anonymous protection, and dual offline transactions, bringing a new safe and convenient payment experience’.

As Albawaba Business reported earlier this year, China is already resting the digital Yuan which will be the first CBDC in the whole world.

Toyota to launch a digital token with crypto exchange

According to an official announcement, the IT arm of Toyota Motors, Toyota System, has teamed up with the Japanese crypto exchange, DeCurret, to develop a digital currency.

Toyota has been interested in exploring the crypto market for a while now, as it has launched its own blockchain lab to examine all the potential use cases for the technology in the auto industry as Cointelegraph reported

Blockchain powered-Spotify comparator Audius to airdrop 8 million token

Audius, a music streaming and sharing platform that is powered by blockchain, has announced the airdrop of 50 million AUDIO tokens.

You can claim your tokens through your personal dashboard.

 

Events to Keep An Eye On:

MoneyDance: Virtual Hackathon, Summit, and Demo Day with $37K in Prizes

(Sep 28, 2020 - Dec 09, 2020) 

 

Korea Blockchain Week 2020 

Nov 02, 2020 - Nov 08, 2020 Seoul, Korea


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