Friday, March 8, 2019

Samsung's new partner 🤝

March 8, 2019

Enjin Coin Soars After Samsung Partnership Announcement

Late last week, Enjin Coin (ENJ) started pumping as rumors circulated about a possible partnership with tech giant Samsung.

The rumors started after Samsung's new Galaxy S10 was showcased to show support for ENJ in its built-in crypto wallet.

Now, Enjin vice president of marketing Simon Kertonegoro has confirmed the move with CoinDesk:

"While I can confirm that we have an official partnership with Samsung, I'm not at liberty to disclose any other information at this point."

Why ENJ?

ENJ is a gaming-focused cryptocurrency that allows developers to build virtual economies on their platforms by creating unique digital goods that can be exchanged.

Basically, developers can create their own "Fortnite-like" items that users can then exchange on a secondary marketplace.

For Samsung, it would make sense to work closely with ENJ as crypto collectible games start to move into mainstream tech.

Up +200%

Since the rumors started, ENJ has skyrocketed more than 279% as the coin now hovers around $0.17.

It is now ranked 43rd in the world with a total market cap of $133 million.

NEWS

Long Blockchain is Going All-In On It's Mining Business

After just over a year, Long Blockchain (previously known as Long Island Iced Tea) is selling it's pre-bottled tea business to focus entirely on cryptocurrency.

In January 2018, the iced tea company sporadically rebranded amid crypto's surge. The move proved to work as Long Blockchain's stock price soared more than 500% at one point.

Since then the companies value has only drifted lower and even got delisted by Nasdaq back in April.

Onwards with blockchain

Now, the company is committed to "developing and investing in businesses that are on-chain."

Previously, the move to Long Blockchain was noted with an investment in Bitcoin miners, however, it's not clear whether or not those operations are continuing.

RESEARCH

Hacking Troubles Double in Japan

2018 should be renamed the year of hacking. At least that's what a new report from Japan media outlet Asahi is showing.

The problem: In the report, Japanese Police Agency data shows that intrusion instances almost doubled last year with an average of 2,752.8 intrusions per sensor per day - an uptick nearly 45% higher than the previous year.

The main target? Cryptocurrency networks and IoT devices. Those two areas alone account for more than 60% of all intrusions and they are likely only gaining more ground as the two areas become further connected through new technology like Bitcoin's lightning network.

But it's not from Japan... Actually, even though Asahi's report only showcases Japan's hacking problem, most of the hacks are coming from outside the country.

So what country is hacking? Ranked in order, the report outlined the top perpetrators in terms of total intrusions:

Russia
China
United States
Netherlands
Ukraine

The bottom line: Hacking is growing and is going to get worse as the sheer volume of digital transactions grows.

BITS

But wait, there's more...

🙁 Blockchain startup SETL is seeking a buyer as the firm announces insolvency.
🤔 A new report accuses North Korea of obtaining more than $670 million in fiat and cryptocurrency via hacking.
🤓 Ethereum's block count is on the rise after difficulty bomb diffuses.

MEME