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Samsung Claims that Rumors of a Partnership with CopPay are Fake




Recent rumors of Samsung offering crypto payments in three of the Baltic countries have been strongly denied by the company.

Samsung isn’t partnering with CopPay after all

Not too long ago, a new rumor appeared online, claiming that the blockchain startup from Lithuania is about to score a large partnership with electronics giant Samsung. The partnership was supposed to allow Samsung’s customers in three Baltic countries to buy electronic devices via cryptocurrencies.

However, as soon as the news of the partnership actually reached Samsung, the company’s spokesperson quickly denied them. The official response of the company is that the rumors are fake and that the partnership negotiations are non-existent.

Originally, the announcement of this partnership came from CopPay’s Medium blog, where the startup published a post with all the mentioned details and more. After Samsung denied the partnership, the post was deleted. However, if the partnership was true, CopPay would have the responsibility to install merchant gateways that would support crypto payments in 31 Samsung stores.

Additionally, the deal, as reported by CopPay, was to support a number of cryptos, including Bitcoin, Litecoin, Nem, Ethereum, Ripple, Steem, and Dash. Though obviously fake when considering Samsung’s reaction to it, the announcement looked completely legitimate when it first appeared. So far, CopPay has not released an explanation as to why they would issue a fake announcement.

Partnership is fake, but not impossible

Such fake announcements are not really unheard of in the crypto industry. In fact, a lot of them have appeared lately, with a supposed deal between BMW and carVertical being one of the most recent ones. Another deal that has had everyone hyped, but turned out to be fake, was the presumed partnership between Microsoft and IOTA, which was debunked by Microsoft soon after.

However, there is no confirmation that Samsung is absolutely against ever approaching cryptocurrencies or blockchain tech. In fact, according to reports from earlier this year, Samsung might already be looking into blockchain tech. If so, it would make perfect sense, since this tech might help with managing the company’s supply chain.

Samsung’s IT and logistics unit, Samsung SDS, has stated that implementing blockchain technology could lead to some significant cost reductions. In act, they predict that shipping and logistics costs might be cut up to 20% if done via blockchain. Because of this, there have also been claims that Samsung Electronics might be looking into adopting blockchain solutions.

Song Kwang-woo, the Blockchain Chief and Vice President of Samsung SDS, has stated that this tech could have a very large impact on the manufacturing industries’ supply chains. According to him, blockchain technology is the perfect base for managing a complete revolutionization of the digital world.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or 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.

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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub ( ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?



2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata



Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub ( will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has…

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