Crypto and Blockchain Adoption Grows: 5 Important Developments Sept. 2–8
Analysts have long predicted that the increased participation of governments and institutional players in the blockchain and cryptocurrency space shows how the respective industries are maturing. The founder of crypto merchant bank Galaxy Digital, Michael Novogratz, recently said that the next up-move of the cryptocurrency bull market will be driven by institutional investors.
Last week we saw several stories of major firms getting more involved in blockchain technology and cryptocurrencies, pointing to further acceptance and adoption of digital assets and their underlying blockchain technology.
World’s ‘First’ Blockchain Smartphone to Become Available in New Market
inney, the world’s purportedly first blockchain-enabled smartphone, will soon be available for purchase in Bangladesh.
According to a report by local newspaper The Daily Star on Sept. 9, the Bangladesh Telecommunication Regulatory Commission approved the phone for import in August and it will be available on the Bangladeshi market in October.
Apple Hint, XRP Dump, Mystery $1 Billion Transfer: Hodler’s Digest, Sept. 2–8
Ripple transfers 500 million XRP from its escrow wallet
Ripple turned heads this week when data from Whale Alert suggested the fintech startup has transferred 500 million XRP tokens from its escrow wallet — funds worth $130 million. This isn’t the first time that the California-based company has executed such an enormous transaction, and some factions of the XRP community are angry. Concerned that prices are crashing, Twitter user Crypto Bitlord started a Change.org petition urging the fintech startup to stop dumping, adding: “It’s amazing this sort of behavior is widely accepted in the crypto world.” Thursday saw yet another petition adopt a more sarcastic tone, urging Ripple to increase the dumping of XRP and “unleash the utility!” The company says it is selling XRP to invest in firms that could help its ecosystem grow and to fund its operations.
Telegram Finally Releases Code for Its $1.7 Billion TON Blockchain
The code for running a blockchain node was released on the test network portal late Friday. Now developers and community members interested in the messaging app provider’s blockchain can start kicking the tires of a full node, a validator node and the blockchain explorer.
The release had been previously scheduled for Sept. 1, according to the sources familiar with the project’s progress, but was delayed a few days for unclear reasons.
According to Mitja Goroshevsky, CTO of TON Labs, which is working on tools for devs, there are currently 100 nodes maintained by Telegram itself on the testnet. Several more are maintained by his startup, helmed by investors in Telegram’s token sale, which raised $1.7 billion in early 2018.
“Source code for a full node that can access testnet, create and validate blocks has been released. Lite client was released several months ago. TON Labs will release Public Beta of its developer tools suite on Monday,” Goroshevsky told CoinDesk.
Telegram’s Blockchain Will Be Compatible With Ethereum: Source
Telegram’s new blockchain project will be compatible with ethereum, according to a tech startup building tools for the network.
The messaging company is expected to release the code to run a node on the Telegram Open Network (TON) on Sunday, allowing users to trial its project in advance of the project’s expected mainnet launch on Oct. 31.
TON Labs, a tech startup helmed by investors in Telegram’s token sale, is building a number of tools for developers to help them build on the new network. One of these tools will be a Solidity compiler, which will allow decentralized applications built for ethereum to also run on TON, said TON Labs CEO and managing partner Alexander Filatov.