Samsung Galaxy S20 will offer the same crypto functions as the S10 range

Samsung Galaxy S20 will offer the same crypto functions as the S10 range

Samsung Electronics has unveiled the new range of Galaxy S20 models, which will go on sale on March 6th. The new smartphones will include “secure processor dedicated to protecting your PIN, password, model and private key Blockchain”.

The Galaxy S20 version has enhanced features to increase battery life and image capture capabilities. However, it is clear that Samsung will continue to provide cryptocurrency storage facilities for its range of phones.

In fact, the company said it intends to integrate these features into the cheaper models of smartphones it offers customers.

Paxful reports a trading volume of $ 1.6 billion for 2019

Peer-to-peer (P2P) bitcoin trading platform Paxful reported a global trading volume of $ 1.6 billion for 2019. Much of this volume was generated by African markets.

According to the report, cryptocurrency transactions in Africa increased by over 57% in 2019. Since its establishment in 2015, Paxful has recorded a “steady” growth of over 25% from year to year.

Currently, it has over 3 million portfolios, of which 45% are from Africa. Nigeria, Ghana, South Africa and Kenya are among its main markets.

Paxful only accepts Bitcoin on its platform and wants to remain as a bitcoin-only platform.

“While many parts of the developed world are focused on speculative activities in the crypto economy, people in Africa are teaching us about the true use cases of bitcoin and the opportunity it presents for greater financial inclusion of those who do not have access to it. banking services”,

said Artur Schaback, co-founder and COO of Paxful.

The IRS is organizing a summit dedicated to the crypto industry on March 3

According to a report published by Bloomberg Tax, the US Internal Revenue Service, IRS, is organizing a cryptocurrency summit. Several start-ups were invited to discuss the existing approach to cryptocurrency taxation, as well as enforcement efforts.

The summit will be held at the IRS headquarters in Washington, D.C. and will consist of four panels that will address different topics. These include blockchain and crypto technology, issues facing exchanges, tax returns and regulatory compliance.

Kristin Smith, executive director of the Blockchain Association advocacy group, told CoinDesk:

“From what I understand, this event is an opportunity for the IRS to learn from the participants in the ecosystem information that can help change the approaches of the taxing agency.”

So far, the list of participants has not been finalized, but the summit has been set for March 3.

Irish authorities confiscate 52 million euro worth of Bitcoin from drug dealer

The Criminal Assets Bureau, a law enforcement agency in Ireland, seized 52 million euros in Bitcoin from a drug dealer.

Clifton Collins, 49, was arrested after authorities discovered a large-scale cannabis farm on his property. The investigation has established that it will generate over 62 million euros in 2019 from the sale of drugs.

Collins agreed to give up illegally obtained funds, and the Irish authorities also obtained an order to freeze cryptocurrencies from the High Court.