Ethereum’s new phone, xFone, is set to take on Solana’s blockchain-powered phone market with the upcoming launch of xForge.
The phone is designed to integrate blockchain technology, aims to push forward the concept of decentralised applications (dApps) and Web3 experiences, offering more robust security and privacy compared to conventional smartphones.
Features like hardware-backed encryption and decentralised storage will enable users to safely manage their crypto wallets, tokens, and dApps without relying on third-party services.
With more companies exploring blockchain phone wars, including big names like HTC and Samsung, xForge is stepping into a competitive space.
Regulatory hurdles slow down CBA’s digital asset innovations
Sophie Gilder, who manages blockchain and digital assets at CBA, says the regulators don't have enough resources to properly evaluate new, innovative products like those in the crypto space.
Gilder hopes that the Albanese government will push through some laws to give more clarity around digital assets.
Australian regulators have improved their knowledge of digital assets in the past five years, but their teams are still much smaller than those dealing with traditional assets, which makes it hard for them to assess the many different crypto use cases that come their way and determine their impact on customers and the market.
Bitcoin hits $65,000 for the first time in months
Bitcoin is sitting right at the $65,000 resistance – a level that could determine whether the current bull run continues or we see a pullback in the market.