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Charlie Lee of Litecoin fame and the HTC Exodus phone

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Litecoin

Charlie Lee is a former Google software engineer who became fascinated by Bitcoin. Being a software expert, he realized that the mining process could be much lighter without affecting the Bitcoin’s blockchain security and reliability so he set himself to do exactly that. Thus was created Litecoin.

Mr. Lee remains Litecoin’s leader, and he’s one of the most charismatic and beloved figures in crypto. The Litecoin community adores him.

Earlier today he announced a last-minute trek to Helsinki where he will meet with Phil Chen (more on him later) to talk about the HTC Exodus phone. Here’s Mr. Lee’s tweet:

Mr. Lee is obviously excited about the new crypto-friendly smartphone and he’s not alone. Vitalik Buterin is quoted in the phone’s website saying,

“I’m excited to see EXODUS putting in the work to make blockchain and cryptocurrency technology secure and easy to use for the masses.”

Many other personalities in the cryptosphere are hailing the new phone’s arrival as the “blockchain phone that could change the internet as we know it” according to TechRadar.

The new HTC phone is called Exodus 1. The developing team was led by Phil Chen who is the project’s DCO as well as MD at Presence Capital and has held key positions in many tech-related enterprises and startups. He’s currently an advisor to several AI companies such as Blue Vision Labs and Cloudalize.

The new phone features a 6-inch screen at 18:9 ratio, a 3500 mAh battery, two cameras (one with digital zoom). It will work on Android and it offers 128 GB of storage, and support for 4G networks.

But the main feature, the one that has all the cryptoverse personalities excited is that, as stated by Mr. Lee, it will support several cryptocurrencies out of the box. It’s still unclear what will be the exact way in which they will be supported, but it’s safe to assume that it must be very well done if it’s gathered that much praise from personalities as different as Mr. Lee and Mr. Buterin.

This phone will be a pioneering effort by HTC and it could help put it back in the map. Conversely, it could make Apple and Samsung pay some attention into the cryptosphere so they take a page out of HTC’s book, but that remains wishful thinking for the time being, especially since Apple is openly hostile towards crypto.

Litecoin has been campaigning all year long to push for its token’s adoption. #PayWithLitecoin has become a ubiquitous hashtag and the passionate Litecoin community keeps asking for business, local and online, to start accepting Litecoin wherever they go. So having a mobile phone that works with Litecoin without any further hassle fits perfectly into Mr. Lee’s and Litecoin’s priorities and efforts.

It will be very interesting to see how the mobile market reacts to history’s first blockchain-powered smartphone.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image Courtesy of YouTube.

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3 Reasons Why WISE Token Could Be a Massive Winner in 2021

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After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

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Lotto Nation is Revolutionizing the Traditional Lottery Industry

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Lotto Nation

As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of this, there is essentially no oversight on what a lottery provider…

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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