Could new mobile phones come with crypto wallets installed as standard? If the recent leak from Samsung is anything to go by, it's certainly possible. Read about mobile crypto wallets and more in this week's news roundup.
Samsung leaks show crypto wallet
Leakedphotos of the new Galaxy S10smartphone surfaced, showing what appears to be a built-incryptocurrencywallet. This leak is in line with three blockchain-related trademark applications Samsung submitted recently.
The photos of the phone show a wallet along with the name "Samsung Blockchain KeyStore".
Mainstream adoption depends on ease of use. A tech giant like Samsung making crypto wallets accessible to millions of potential investors is a big step forward.
However, Samsung will need to ensure that security is tight with this new features.
In total the suspect is thought to have stolen €10 million worth of IOTA.
EUROPOL have seized a number of computers and electrical goods, as well as drugs and cash.
There were more than 85 victims worldwide.
Crypto regulations are changing in the USA
The Pennsylvania Department of Banking and Securities (DoBS)issued a reportstating that states cryptocurrency exchanges and ATMs are not viewed as money transmission services in the eyes of the law.
As such, the DoBS has stated that cryptocurrencies are not money.
In the report, money is defined as “currency or legal tender or any other product that is generally recognized as a medium of exchange”.
On the other hand, Wyoming has brought innew bills that bring some much needed clarityto crypto and blockchain. Ultimately, the bills are providing crypto the same status as money, allowing banks to offer crypto custodial services.