Samsung Adds Bitcoin to Blockchain Keystore

According to Samsung developers, the Blockchain Keystore supports Bitcoin along with Klaytn, which is a Korean cryptocurrency from Kakao. The Blockchain Keystore is supported on the latest Samsung devices, which include the Galaxy S10e, S10+, S10, 510 5G, Note 10+ and Note 10. It can be found within the following jurisdictions: US, UK, Canada, Spain,…

Samsung-Backed Blockchain Startup Raises $7.5M from Shinhan Bank

South Korean blockchain startup Blockco has secured 9 billion Korean won ($7.5 million) in a recent Series B+ funding round participated by major local banks. Banks continue interest in blockchain Backed by South Korea’s tech giant Samsung, Blockco announced the investment in a blog post on Aug. 22. The funding round involved South Korea’s oldest…

LINE Messaging App Refuses to Be Left Out by Opening a Crypto Exchange

As cryptocurrency knowledge and enthusiasm consistently grows, the sector will continue to experience inflow from traditional players and institutions. There are already a few big names making their way into the sector, integrating blockchain and cryptocurrency with their business services and in some cases, offering these solutions to members of the general public. Facebook, for example, has…

Samsung’s Budget Smartphones Will Reportedly Have Cryptocurrency and Blockchain Features

Budget smartphones released by South Korean consumer electronics giant Samsung will reportedly feature cryptocurrency and blockchain features, local English-language local media Business Korea reports on May 14. Per the report, the crypto and blockchain-related functionality included in the Samsung S10 will be included in other Galaxy smartphone models. The electronics producer also reportedly plans to cooperate with telecommunications companies on blockchain-based mobile identification cards and local currencies. Chae Won-Cheol,…

Samsung Invests $2.9 Million Into Crypto Wallet Startup Ledger

Hardware cryptocurrency wallet manufacturer Ledger has secured 2.6 million euro ($2.9 million) from electronics giant Samsung, a company spokesperson told Cointelegraph on April 24. While the Ledger spokesperson confirmed the investment, no further details beyond the initial investment amount were provided. The news follows the appointment of Pascal Gauthier, the firm’s former president, as its new CEO. Former CEO Eric…

Blockchain Can Improve Productivity in Manufacturing

The president and CEO of Samsung SDS — an IT and consultancy subsidiary of the South Korean tech conglomerate Samsung Group — has said that blockchain can improve productivity in the manufacturing industry. President and CEO Hong Yuan Zhen’s comments were reported by local media agency Sina Technology News on March 26. Sina reports that the executive made his statement…