Samsung Officially Announces Crypto Partnerships and Supported Crypto

South Korea’s technology giant Samsung has officially announced the support of Bitcoin, Ethereum and other two tokens in its flagship product the new Galaxy S10 series smartphones.

This was revealed at the Mobile World Congress in Barcelona by a company representative who added the said event last February 25, 2019.

At a presentation, the Samsung representative showed various cryptocurrency and blockchain-related projects that will be supported by the smartphone.

These include Bitcoin, Ethereum, COSMEE token (COSM) and Enjin’s token (ENJ).

COSMEE is a blockchain-enabled mobile beauty dApps (decentralized application) in which users can earn and spend the said utility token.

Enjin on the other hand is a gaming centric dApps that will be installed in the new Galaxy S10.

Integration of crypto wallets as well as other blockchain related projects in the flagship product surface as early as December of last year however, representatives from Samsung denied the idea and just told media outlets that they are just rumors and speculations.

There was an active effort on Samsung’s part to make the new features a secret to keep its main competitor, Apple, from guessing what new features they will release with the new smartphone.

Two Japanese Technology Giants Wants To Fight Fake Education Qualifications

Japanese technology giants Sony and Fujitsu have created an encrypted database for educational proficiency documents.

This new database is reported to use blockchain technology to ensure that the documents are free from forgeries of language proficiency documents of foreigners to receive resident status to study in Japan.

The platform was created by combining Fujitsu’s online learning system with a blockchain developed by Sony Global Education Inc., a subsidiary of Sony.

The platform will enable users to compare certificates with data registered on the blockchain to verify the documents are authentic.

The initiative was in response to the discovery of illegal copies of language certificates abroad.

Students without the proper qualification can face difficulties in their daily lives in Japan due to language barrier.

Sony and Fujitsu will test the platform in March, before deploying for real-world use in April.

Trials will be held at Human Academy Co., which has several Japanese language schools in the cities of Osaka, Saga and Tokyo.

Blockchain ID Management Introduced By Turkish Telecom Giant

The Turkish telecom service provider giant has recently introduced a blockchain-based service for ID management.

This new initiative was revealed at the technology fair Mobile World Congress 2019 on February 25, 2019.

According to reports the ID management solutions enable users control over their personal data and ensure their privacy.

The new solution is also compliant with the General Data Protection Regulation (GDPR) requirements.

Unlike existing ID management systems, Turkcell’s blockchain product will store required user data on a blockchain and eliminates additional identity verification.

Traditional ID management systems consider sharing user’s data with third party companies this new system does not.

According to the company one of the use case of the platform is verification of donation eligibility for those in need.

Executive Vice President Serkan Ozturk states that the use of blockchain technology is essential to improve the customer experience of their company’s digital services and solutions.

He adds that this has been a top priority in the design of their services and these efforts will help the company to improve digital services as well as raise the bar in customer experience.

A 125-Year-Old Swiss Financial Institution Enters Cryptocurrency Market

There have been reports of a 125-year-old financial institution entering the crypto market.

Julius Baer is a Swiss private bank that has recently announced launching cryptocurrency services.

The initiative was in response to the increasing demand of customers for the capability to store, trade and invest in crypto-related assets.

The initiative was made possible through its partnership with a cryptocurrency baking startup Seba Crypto AG for which it has already a minority equity stake in SEBA.

The partnership will enable the clients of Julius Baer to a range of digital asset services bridging the gap between traditional and digital assets.

According to Peter Gerlach, the head of marketing at Julius Baer, they believe that digital assets will become a legitimate and sustainable asset class.

While the partnership is considered a done deal the success and full implementation of the services is dependent on Seba being granted a banking and securities dealing license by FINMA, Switzerland’s financial markets regulator which is set later this year.

Bear Market Created Massive Value For Crypto According To Apple Co-Founder

One of the founders of Apple, Steve Wozniak has recently sat down with Bloomberg’s Yousef Gamal El-Din to talk about finance and technology.

In the interview, Yousef pointed out that there has been a massive destruction in value for cryptocurrencies however, the American technology legend does not agree that there has been a destruction of value in the space but a massive value creation.

He adds that the market meltdown was a result of human psychology, fear played a large role in the market price of Bitcoin BTC rather than waning fundamentals.

Wozniaks recent stamp of approval of the nascent industry comes at a time after divulging information that he has sold all his personal cryptocurrency holdings at the height of Bitcoin bull ran with it was valued at $20,000 USD.

He explained that he does not want to worry too much about the new asset class’ prices as the main reason why he liquidated his stake on cryptos.

This netted him around 2,800% as he bought at $700.

Steve on several occasions has demonstrated his love of the crypto ecosystem which is not constraint to bitcoin only.

Speaking in Vienna’s WeAreDevelopers World Congress last year he noted that cryptocurrencies and blockchain technologies at large can be deemed the nest major IT revolution, putting the power back in the hands of consumers is one of the major use case of the said technology which resonate very well with the Wozniak.

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