The Aptos Foundation has revealed its collaboration with Jambo, a creator of blockchain-enabled smartphones, to bolster emerging markets through Web3 innovation. The pair state that their alliance seeks to improve Web3 access and knowledge in areas that would benefit greatly, by utilizing the layer one (L1) blockchain technology of Aptos in tandem with Jambo’s dedication […]
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Solana Mobile’s ‘Chapter 2’ Crypto Phone Surpasses 60,000 Preorders
The crypto community has shown remarkable support for Solana Mobile’s upcoming “Chapter 2” smartphone, amassing over 60,000 preorders after its announcement, as the company gears up for a launch in 2025.
Solana Mobile’s ‘Chapter 2’ Phone Hits 60K Preorders Ahead of 2025 Launch
Solana Mobile’s upcoming “Chapter 2” crypto phone has already garnered 60,000 preorders, signaling a robust demand nearly a year before its anticipated release in 2025. This milestone was announced through a post on X by Solana Mobile, extending gratitude towards the community for its steadfast support and belief in their vision.
60,000 preorders and counting…
A heartfelt thank you to this amazing community for your unwavering support and belief in the vision. You are the core of the #Chapter2 journey.
Secure your spot for #Chapter2 now https://t.co/LMnynuZBhW pic.twitter.com/gPJvoupsHc
— Solana Mobile 2️⃣ (@solanamobile) February 5, 2024
“Chapter 2” is poised to be the successor to the Solana Mobile Saga, the brand’s inaugural crypto phone which made waves in the market for its innovative integration of cryptocurrency functionalities.
Anatoly Yakovenko, co-founder and CEO of Solana Labs, shared his excitement over the community’s response. “The response to Solana Mobile has been incredible,” Yakovenko stated. “Since Chapter 2 was announced, we’ve had over 60,000 preorders and built a real community of dedicated users.”
Scheduled for a 2025 rollout, the “Chapter 2” device seeks to offer a more affordable gateway into the world of crypto, with a preorder price set at 0. This pricing strategy marks a significant reduction from its predecessor, the Solana Mobile Saga, which initially hit the market at ,000 before dropping to 9.
The success of the Saga model, which sold out in the U.S. by Dec. 15, 2023, laid a solid foundation for its successor. With the introduction of “Chapter 2,” Solana Mobile aims to extend its reach within the crypto community, offering a physical phone equipped with crypto-supporting software that appeals to a wider audience.
In addition to the preorder milestone, Solana Mobile has introduced a leaderboard to encourage community engagement and referrals ahead of the “Chapter 2” launch. The top 1,500 referrers will receive a non-transferrable Element NFT, along with the opportunity to earn rewards from various Solana ecosystem teams, including Mad Lads, Jupiter, Tensor, and Backpack. The first leaderboard snapshot took place on Feb. 6 at 2 p.m. ET, with each preorder wallet receiving a token post-snapshot as a token of appreciation and engagement.
Did you preorder the new Solana phone? Share your thoughts and opinions about this subject in the comments section below.
Solana Saga Phone Interest Soars Following BONK Meme Coin Surge
Fueled by the explosive growth of the BONK meme coin, the Solana Saga phone’s market interest has soared, with units selling for up to ,000 on Ebay, far exceeding its reduced price of 9
Saga Phone Resurgence: BONK’s Rise Turns Solana Device Into Hot Commodity
The Solana Saga phone, once struggling to find its market, has seen its fortunes reversed this week, with units selling for as much as ,000 on Ebay, a staggering increase from its discounted price earlier this summer. This dramatic shift in demand is primarily attributed to the explosive rise of the Solana-based meme coin, BONK, which experienced more than a 10,000% surge in the past two months.
The Saga phone, initially released earlier this year with a price tag of ,000 and later reduced to 9, had faced disappointing sales and an uncertain future. Solana founder Anatoly Yakovenko had previously admitted that Saga’s disappointing sales figures had put Saga’s future into question. However, the recent frenzy around BONK, a dog-themed meme token, has changed the narrative.
Last week, traders and enthusiasts took notice of a 30 million BONK token airdrop included with every new Saga phone. As BONK’s price skyrocketed, reaching a peak surge of over 621% over the past month, the value of the airdrop surpassed the cost of the phone, leading to an unexpected sell-out of the Saga phones on the official website.
The Saga is SOLD OUT!
Words cannot describe how much we appreciate your support. We are nothing without this amazing community
While these past few days will be cemented in our history, we’re excited for the future
Stay tuned
pic.twitter.com/KJje8lBDLL
— Solana Mobile
(@solanamobile) December 16, 2023
On Ebay, several Saga phones have been sold for over ,000, with some listings reaching as high as ,000. This demand spike is a clear indication of the market’s response to the rising value of BONK and the potential for further appreciation. Buyers appear to be betting on the continued upward trajectory of the meme coin, hoping that its value will climb even higher.
The BONK phenomenon has already attracted the attention of other Solana-based projects. Solend, a decentralized finance protocol, and Samoyed Coin, another meme token, announced plans for airdrops to Saga phone holders, further incentivizing ownership.
With Saga’s recent success, will there be a follow-up phone in the future? Share your thoughts and opinions about this subject in the comments section below.
The World’s First DEX Phone App Is Now Live on Android
The key to mass adoption of crypto is currently limited by the fact that most decentralized platforms are too difficult to use. There needs to be an interface to simplify complex, decentralized infrastructures and protocols for the public. An enhancement of user accessibility will break down entry barriers and take consumer experience to the next level.
In the current crypto landscape, the major accessibility problems arise from DEXs due to their complex OS and hard-to-figure UI/UX structure. The usage rate is growing at an astonishing pace, but many exchanges are struggling to tap into larger audiences new to the blockchain world.
The solution to help overcome these issues lies in taking all the benefits of a DEX and its assets and integrating them into people’s mobile phones. We live in a mobile-first world, so having an application exclusive for smartphones will increase widespread acceptance as people can leverage decentralized exchanges in a frictionless way.
Fibswap’s DEX Phone App Is Leading the Charge
The current landscape of DeFi is filled with exchanges that lack proper UI and high interoperability. As a result, users struggle to overcome the complexities of both centralized and decentralized exchanges. While DEXs do have the upper hand over CEXs with more privacy, complete ownership, and security, it involves a learning curve.
With a mobile application, users can avoid complex steps while using different service providers for a simple token swap on DEXs. This is where Fibswap is filling the gap and solving an industry-wide problem.
Fibswap, a multi-chain exchange, has developed the world’s first Android DEX application to simplify DeFi for everyone. The platform’s interface is user-friendly and will separate users from sophisticated onboarding steps.
The new DEX solution also has an integrated wallet, making the swapping process more streamlined for investors and traders. In addition, the app will give users direct access to their crypto assets.
Interoperable System of Fibswap Makes the Android App More Desirable
A mobile application will certainly be a superior choice for users when using a decentralized exchange. But will it be faster and multi-chain compatible?
Fibswap’s DEX app has a unique interoperable multi-chain bridge system (IMBS) that makes trading 99% faster and allows traders to bridge between two blockchain networks. At the press of a single button, Fibswap users can execute swaps in under 10 seconds at low fees by using its utility token, $FIBO. Also, it requires no additional technical expertise. Users can operate in the same way as they do with single-chain DEXs like Uniswap and PancakeSwap.
In terms of security, the Fibswap app provides a reliable platform that keeps users’ funds secure and removes the external vulnerability by conducting vigorous audits. So the application has got everything covered to help DeFi reach masses with zero restrictions.
Fibswap’s Flagship App Will Be a Game Changer
Fibswap’s mobile application is an extension of their current DEX and this should increase crypto accessibility for mainstream public users. Mobile-only users can directly access their preferred blockchain network and tap into all available assets using FibSwap. As the cost of entry is significantly low compared to other exchanges, the multi-chain ecosystem is now open to all types of DeFi users.
The app will launch on Jan 4, 2022, and an IOS version will be released soon after. This could initiate a massive wave of public interest towards mobile-based DEXs, and Fibswap’s flagship app will be the one to take over.
Hackers Demand $7.5 Million in Monero Following Phone Company Hack
Reports have emerged that hackers have demanded .5 million in Monero following an attack on Telecom Argentina S.A, a major telecom provider that serves the country’s north region.
Anonymous sources claim the cyberattack has been on-going since Wednesday.
At first, staff attributed poor IT performance to glitches within the system. But investigations by the firm’s help desk were later followed by company-wide requests not to open files, access email, and even to disconnect terminals from the system.
“[staff] had trouble accessing the company’s VPN, and in the Siebel system where they access the Personal, Arnet, Telecom and Fibertel databases.”
A review of the situation has pinpointed the start of the attack coming from an email attachment named “77os97-readme.”
Source: elperiodista.com.ar
This comes following the recent Twitter hack, in which hackers seized high profile accounts to scam Bitcoin off unsuspecting individuals.
With that, the spotlight is once again back on cryptocurrency and its association with criminality. But more than that, the role of privacy coins in facilitating crime.
Monero Demanded to Release Cyberattack
Economist Alex Krüger today tweeted a screenshot of the attacker’s demands in exchange for ending the cyberattack.
It shows a request for 109k Monero, equivalent to .5 million, payable by July 21st. Failure to pay by the due date will incur a doubling of the charge.
Source: twitter.com
The incident has drawn a mixed reaction from the crypto community. Some see this as a testament to Monero’s benefits, in that the number one privacy coin can protect the identity of the attackers.
Others see this as bearish for cryptocurrencies in general, as it gives cause to restrict the industry further.
Even before this hack, privacy coins were already under fire for being “the choice of criminals.” But this latest incident only provides authorities with the ammunition needed to impose harsher regulation.
Balancing Freedom Against Privacy
Privacy has been thrust back onto the agenda following the Telecom Argentina S.A attack.
The fact that hackers demanded Monero highlights just how little privacy exists in today’s world.
This reminds us that “big tech,” in cahoots with worldwide governments, are trying their damndest to pry into every aspect of our lives.
Futurist, Daniel Jeffries described a gradual tiptoe towards a surveillance society, leading to a future where cash is dead and privacy coins are our only means to freedom.
“Your phone knows where you’re going and who your friends are and what you want to buy before you do. Centralized digital money will know even more.”
His fundamental argument centers around the desire for privacy being distinct from criminality. Instead, he argues that privacy is more to do with the freedom to have different opinions, all without facing scrutiny from those who disagree.
“None of us want our private lives aired to the world. Just as we don’t want the neighbors looking in our windows when we walk around naked and we don’t want someone eavesdropping as we whisper sweet nothings to our lover, we don’t want some cold bureaucrat or corporation anonymously monitoring every second of every day of our lives.”
As such, calls to ban privacy coins are not as black and white as authorities would have you believe. Indeed, in the future, privacy coins could become the only way to maintain our freedoms.
HTC Launches Exodus 1S, First Phone That Can Run a Full BTC Node
n Taiwanese electronics giant HTC has launched its new smartphone Exodus 1s, enabling users to run a full Bitcoin node on mobilen
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HTCs Latest Blockchain Phone Can Run a Full Bitcoin Node
The Taiwanese electronics giant has launched the Exodus 1s phone with a built-in hardware wallet and the ability to support a bitcoin node.
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Algo Capital Loses Crypto Funds After CTOs Phone Is Hacked
Algo Capital, an investment firm focused on the Algorand ecosystem, lost a few million in bitcoin and ALGO tokens after its CTO’s phone was hacked.
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Samsungs Galaxy S10 Adds Wallet App from Blockchain Phone Rival Pundi X
The blockchain smartphone makers are working together to boost crypto adoption, with Pundi X’s wallet being added to the Galaxy S10’s options.
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Sirin Labs Lays Off 25 of Staff Amid Poor Blockchain Phone Sales
Israel-based Sirin Labs has laid off a quarter of its workforce, saying sales of its Finney phone are lower than expected.
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