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Beyond Crypto: Pundi X Unveils Blockchain-Powered Phone

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Pundi X Blockchain-Powered Phone

BALI, IndonesiaOct. 10, 2018 /PRNewswire/ — Pundi X, a leading global developer of blockchain-powered devices, today announced it had successfully created a blockchain-based OS and communication protocol for mobile devices, allowing users to make calls, send messages and transmit data via a fully decentralized blockchain network.

Powered by Function X, an ecosystem built entirely on and for blockchain, the new mobile phone called ‘XPhone‘ runs on a new transmission protocol for the blockchain age. The innovation significantly expands the use of blockchain technology beyond financial transfers.

Unlike other ‘blockchain powered’ phones still in development, XPhone can operate independently of centralized carriers. Users can route phone calls and messages via blockchain nodes without the need for phone numbers.

Function X, the new blockchain eco-system, also enables users to securely send and receive data of all kinds, via a new transmission protocol, FXTP, while a decentralized file storage system is known as IPFX. Users will be able to share data in much the same way as they do online securely via the blockchain, while developers can quickly and easily publish decentralized applications via FXTP.

“Pundi X develops technology to solve challenges that blockchain technology is facing and make it usable in our life,” said Pitt Huang, the co-founder and CTO of Pundi X. “It took decades before the uses of the internet could be applied widely enough to reshape the global economy, human relationships and governance.

“We see blockchain as being at a similar stage of development to the Internet in the early ’90s; a new kind of network and decentralized protocol like Function X will be transformational to blockchain as the browser was to the Internet. For a start, it’s putting blockchain in the hands of millions via a smartphone and returning control of their data back to them, but it also answers so many other challenges.

“The possibilities for decentralized data storage and transmission are limitless. Decentralisation is the core of blockchain technology and a new protocol for truly decentralized data transmission reflects Pundi X’s belief that everything should flow from this core philosophy”.

Pundi X CEO and co-founder Zac Cheah said that the XPhone has the potential to establish a large global pool of nodes that can be harnessed to help achieve scalability and decentralisation for the broader blockchain ecosystem.

“Scalability in blockchain is derived from the number and geographic spread of nodes,” Zac said. “While certain blockchains such as Ethereum have achieved an admirable spread of nodes at 15,000 through transaction-based protocols, it’s clear that achieving a critical mass in terms of scale will require something with utility for the vast majority.

“Function X is the answer. By offering people the choice to be independent of a centralized communications network we’ve created a new use for blockchain that can be appreciated and used by most people.

“In turn this will have considerable implications for the future of blockchain and give life to a network large enough to support better scale, throughput, new potential applications and true decentralisation that has so far eluded blockchain.”

Trial demo units of the XPhone have been displayed to journalists and attendees at the XBlockchain Summit Inaya Putri Bali today.

Blockchain-based calling and messaging can be toggled on and off on the phone operating system, which builds upon Android 9.0.

Availability: The XPhone OS is currently available to phone manufacturers for testing. The detailed information of Function X will be available on https://functionx.io on October 15th. The Function X blockchain, FXTP, IPFX, and XPhone will be officially launched in Q2 2019.

XPhone features include:

  • A mobile Operating System built on the blockchain
  • Sending and sharing data, such as SMS, securely via Function X blockchain
  • Easy publication and release of decentralized applications
  • Making phone calls and sending messages independently of a central carrier
  • Users have the exclusive control over the data they share.
  • Decentralized data storage
  • Every XPhone is a node

*Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.*

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Chainalysis Partners with Binance to Tackle Global Cryptocurrency Money Laundering

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NEW YORKOct. 17, 2018 /PRNewswire/ — Chainalysis, the leading provider of cryptocurrency compliance and investigation solutions, has completed a global roll-out of its compliance solution with Binance, the world’s largest cryptocurrency exchange by trade volume, to help address the challenges at the intersection of cryptocurrencies, regulators and traditional financial institutions.

“Cryptocurrency businesses of all sizes face the same core challenge: earning the trust of regulators, financial institutions and users,” said Jonathan Levin, Co-Founder and COO of Chainalysis. “We expect many to follow Binance’s lead to build world-class AML compliance programs to satisfy regulators globally and build trust with major financial institutions.”

BinanceChainalysis’ compliance software, Chainalysis KYT (“Know Your Transaction”), is the only real-time transaction monitoring solution for cryptocurrencies. The software uses pattern recognition, proprietary algorithms and millions of open source references to identify and categorize thousands of cryptocurrency services to raise live alerts on transactions involved in suspicious activity.

“By working with Chainalysis, we are able to continue building a foundational compliance program that enables the next phase of our growth,” said Wei Zhou, CFO at Binance. “Our vision is to provide the infrastructure for a blockchain ecosystem and increase the freedom of money globally, while adhering to regulatory mandates in the countries we serve.”

This best-in-class solution enables cryptocurrency businesses and financial institutions to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, while simultaneously making it easier for companies supporting cryptocurrencies to open bank accounts.

In April, Chainalysis secured $16M in Series A funding led by Benchmark to deploy Chainalysis KYT and expand its coverage of cryptocurrencies. It serves over 150 of the world’s leading cryptocurrency businesses, financial institutions and government agencies.

*Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.*

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Abuja Blockchain & AI Round-Table Conference 2018 To Be Held On October 19-20

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Abuja Blockchain & AI Round-Table

We are happy to announce that the first edition of Abuja Blockchain & AI Round-Table: Beyond Cryptocurrencies will be held from the 19th-20th of October, 2018 at Ladi Kwali Hall, of Sheraton Hotels, Abuja, Nigeria.

This is a hybrid Conference of Value and Innovation, featuring a melding of the Artificial Intelligence (AI) and Blockchain communities in Nigeria and across the world, exploring the enormous possibilities at the intersection of these two technologies. Attendees will garner actionable, practical insight that can be applied almost immediately thereby kick-starting their entrepreneurial pursuits.

The Conference will bring together business leaders, government and regulatory agencies, data practitioners, AI and Blockchain tech pioneers who are applying artificial intelligence to solve today’s problems and creating tomorrow’s opportunities, while leveraging available tools, to create entirely new values.

buy bitcoin in nigeriaOur goal at Abuja Blockchain & AI Round-Table is to provide a common framework for thinking about what the convergence of Blockchain and AI means to Nigeria’s economic prosperity agenda. We aim to bridge the knowledge gap by providing government functionaries, decision-makers, professionals and practitioners with the resources they need to make key business-shaping decisions in a rapidly changing world.

This year’s conference theme is “Blockchain & AI for Economic Advancement!”

About 1000 participants are expected to be at the two-day event.

The event will feature a mix of free-to-attend and paid-for content.

A mobile app for the event, “ABAR” can be downloaded from Google Play Store.

Event Date: October 19-20, 2018. Time 9.00am Prompt

Special Guests, Keynotes, and Conference Speakers include:

  • Prof Kingsley Mughalu, 2019 Presidential Aspirant, Former Deputy Governor CBN.
  • Chike Ukaegbu, 2019 Presidential Aspirant, Lead Executive, StartUp52
  • Mary Uduk, Director General of SEC Nigeria
  • Dr Aliyu Abdulhameed MD/ CEO (NIRSAL)
  • Mr. Adebisi Shonubi  Managing Director, NIBSS
  • Dr. David Isiavwe –ISSAN President
  • Dr Amina Sambo Magaji -National Coordinator, OIIE, NITDA
  • Musa Itopa Jimoh – Deputy Director, Payment SystemsCBN
  • Mohammed Ibrahim Jega – Board Member FG Technology and Creativity Advisory Group, Founder Startup Arewa
  • Robert John – first sub-Saharan Africa certified Google Developer Expert in Machine Learning.

The conference promises to showcase a remarkable list of leading voices in the artificial intelligence and blockchain communities across the globe, with the spotlight on local Startups already building out solutions in the ecosystem.

The event is being organised by Blockchain Nigeria User Group. More speakers can be seen on the event website: https://www.blockchainsummit.ng/

Who Should Attend?

Top government decision makers, Regulators, Entrepreneurs, Enthusiasts, Developers, Chief technical officers, Students and Investors interested in innovation at the intersection of AI and Blockchain. We also expect decision-makers from leading financial services companies who are seeking to improve their business using AI and Blockchain Technology to be in attendance.

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Bithumb to Hold ‘Special Promotion’ for New Registered Foreign Users

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Bithumb
Image by www.bithumb.com

SEOUL, South KoreaOct. 15, 2018 /PRNewswire/ — Bithumb, a global cryptocurrency exchange will offer a new registration event to global users who newly join and start making cryptocurrency transactions.

Bithumb is planning to hold a ‘New Registration Event’ for overseas users from October 15 to November 14, 2018 (GMT +9) Korean Standard Time. The event is for overseas users who have signed up for the Bithumb and completed transactions over KRW 20 Million (Approx. USD 17,490, Bithumb cash standard). The users who are satisfied with the above conditions are expecting to receive benefits of 20,000 Bithumb cash after the event period.

Bithumb cash benefits will be given in consecutive order from December 3 until December 7, 2018, for five days (GMT+9) Korean Standard Time.

BithumbAccording to Head of Marketing Department of Bithumb, Andy Choi, “global interest in cryptocurrencies such as Bitcoin and Ethereum is growing.” And he added, “We appreciate our foreign global users for their trust in and transaction on Bithumb. We are planning to hold various events in order to express our gratitude.”

Bithumb is now holding a ‘Cryptocurrency Transaction Fee Refund Event’ and ‘Super Airdrop Festival Season 2’ as well.

For global customer’s convenience, Bithumb provides a foreign language counseling service in English, Japanese and Chinese, further strengthening its position as a leading cryptocurrency exchange in the world.

*Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.*

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