Wednesday, September 18, 2019

Binance Coin (BNB) Among 16 Cryptocurrencies Supported by Default on Samsung Galaxy S10

Just when we thought Bitcoin has taken all the limelight in the past few days, Binance coin (BNB) has once again drawn people’s attention. It is now one of the 16 cryptocurrencies that are supported by default on the Samsung S10’s crypto wallet, according to a tweet by Changpeng Zhao on April 7.

Binance’s CEO Informs of BNB’s Support on Samsung Galaxy S10 Wallet

Changpeng Zhao, Binance’s CEO recently informed that BNB is among the 16 cryptocurrencies that are supported on the Samsung crypto wallet. According to him, he is humbled to see that BNB is also supported by the Galaxy S10. His remarks can be tied to a lot of things given that Samsung is a reputable tech company with a large user base.

As such, it has the potential of fostering the adoption of cryptocurrencies and most especially, those that have been listed on the wallet.

More ERC20 Based Cryptocurrencies are Supported on the Galaxy 10

Other than Binance coin, other ERC20 based virtual assets that can be stored on the S10 are Ethereum, Pundi X Token, CosmoCoin, OmiseGo, Populous, and ZRX. A quick look at CoinMarketCap’s platform shows that these are coins warming up the 2, 51, 171, 27, 72, and 39 positions respectively.

BTCNN previously informed that the S10 wallet does not support Bitcoin but Ethereum and other ERC20 based tokens. The latter was attributed to a number of factors including the ability to send several ERC20 tokens to one address. For instance, the MyEtherWallet (MEW) address can be used to receive hundreds of tokens that are based on the ERC20 network standard.

Related Article:  Binance's CEO Publicizes First Live Real Estate Auction Accepting Bitcoin and BNB

A Lot of News Has Resolved Around Binance Coin of Late

Binance coin has had a lot of news revolve around it of late given that it has shown a remarkable performance this year. From its price of $6 as of January 1, it is now trading at about $18. Its market capitalization of 700 million as at that time is now around $2.5 billion.

In the same vein, the Malta-based cryptocurrency exchange, Binance outlined that BNB has gotten several use cases. Its March 27 publication revealed a number of these. BTCNN on March 14 also informed of a house in Northern Australia that can be bought using Bitcoin and BNB during its live auctioning.

BNB is also used to pay fees on the cryptocurrency exchange and the same might be the cases when Binance chain is launched. The tokensales that have also held on launchpad have relied on the virtual asset. Binance has also set a requirement for those who want to partake in such sales in the future and among them is to hold BNB 20 days before the sale

More Articles

UK Lawmaker Proposes Paying Tax With Cryptocurrencies

Eddie Hughes, a member of the British parliament, says the UK needs to be seen as a progressive country. One way this can be made...

Hong Kong Getting Ready for an Influx of Blockchain...

The government of Hong Kong has announced that it would launch the first-ever Talent List in the country with the aim of attracting quality individuals especially...

PlayStation 4 Gets its First Blockchain-based Game

The Sony PlayStation 4 is about to get its first game which is based on Blockchain technology. Plague hunter is the name of the...

Google CEO Sundar Pichai Reveals His Son Mines Ethereum

Despite Google’s ban on crypto-related ads, its billionaire-rich leading figures have not made any attempts at hiding their love for digital currencies. Sundar Pichai,...

Popular Wallet Provider Coinbase Introduces ID Verification For Transactions

Coinbase, one of the biggest cryptocurrency wallet providers in the USA, has started requiring identity verifications to make transactions (sending and receiving cryptocurrencies) with...

Despite High-Level Interest, Botswana Still Faces Hassles in Buying...

Botswana, a Southern African country with a 2.3 million population is very much interested in Bitcoin. It is willing to cross borders...

First Bitcoin Address Gets Sanctioned By USA

Today, the US Office of Foreign Assets Control has sanctioned the first bitcoin address in the history of this establishment. Generally, the OFAC identifies...

Russia Secretly Behind The Petro, The Venezuelan Cryptocurrency

According to an article published by TIME magazine today, the Petro (the Venezuelan official cryptocurrency) was launched in coordination with Russian advisors close to President Putin....

CEO of Russian Sberbank Sets 3-5 years’ Timeframe for...

No doubts, Sberbank is a major player in Russian financial stratosphere, the bank is state-owned and equally the largest banking firm in the country....

Unveiling the Best and Worst Performing Cryptocurrencies of 2018

2018 will go down in history as a very bad year for the cryptocurrency industry, as most cryptocurrencies suffered a dip in price and...

Bitcoin Price Analysis: Cryptocurrency Fails to Break Bear Streak

The cryptocurrency winter is still on and that can be attributed to the struggle of most assets in the market to hit...

Latest Articles

HMRC demands info on traders from crypto exchanges in...

HM Revenue & Customs (HMRC), the UK’s tax authority, sent out requests to several top cryptocurrency exchanges last month, for information regarding their customers. Specifically,...

Sygnum Becomes World’s First Licenced and Regulated Digital Asset...

Swiss-based Sygnum, a digital asset investment and solutions provider, has become one of the world's first licensed and regulated digital asset banks after receiving...

The Easiest Way to Pass Your Microsoft MCSA MD-100:...

If you try to think of things that don't use Information Technology in one way or another, it would be a very tough task....

Are Worries Over AI’s Effect on the Financial Jobs...

A recent study by Fountech has revealed that two-thirds of adults living in the UK are concerned that the Artificial Intelligence industry will leave...

Will Cryptocurrency Gambling Kill Land-Based Casinos?

It’s hard to deny that the internet has radically changed the gambling landscape. Sure, the common perception of gambling may still involve the glitz...

Why Some Financial Bubbles Are Necessary Economic Disasters

The history of the worldwide economy is punctuated by financial bubbles. They happen more often than we think.  Fortunly’s infographic below provides a comprehensive...

Microsoft 70-411 Exam: Everything You Need to Know

We can’t deny the fact that the world is moving towards the future faster than ever before. Not a day goes by that we...

Why US-based people can’t bet with bitcoins at online...

Online gambling using bitcoin has been happening since the time when cryptocurrency came into being. In the initial days, gamblers used to opt for...

Couple Pays For Breakfast Using Bitcoin, Community Finds This...

A Reddit user by the username u/portageco recently made a post in bitcoin's official subreddit. In his post, u/portageco boasts about how he paid...

Australian Woman Leads Adoption, Tours 10 Countries Spending Cryptocurrencies

Who says you can't go around the world spending cryptocurrencies? As many believe, cryptocurrencies are only good for speculations. But with a little research,...

Did A Physical Bitcoin Just Sell For $99k On...

As at the time of reporting, the listing on eBay had closed. This could be because the seller got a buyer or he decided...

Litecoin Now Approved In 30,000+ Stores

As cryptocurrencies gain ground, more and more technology-based firms find ways to incorporate the nascent technology into everyday life. Moon, prior to this time,...