Category Archives: BAT

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HTC Exodus 1 Blockchain Smartphone Uses Brave as Default Browser

HTC Exodus 1 Blockchain Smartphone Uses Brave as Default Browser

With the advent of the latest blockchain smartphones in the market, more clarity is now expected on their workings and features. Latest news now being reported is that the decentralized browser Brave will now be the default internet exploring option in the new HTC’s blockchain smartphone named Exodus 1.

Brave is an open-source decentralized browser which has built-in ad blocking and website trackers that are a mainstay in conventional browsers like Chrome and even Safari. The browser will come pre-installed and on default in the new HTC Exodus blockchain phone because of its various useful features. The Exodus 1 itself, launched in May, will have support for multiple blockchain networks including Bitcoin (BTC) and Ethereum (ETH).

Brendan Eich, co-founder of the open-source Brave who previously worked with the Mozilla Foundation, announced his company’s partnership with HTC on Twitter:

We are very happy to have @Brave as default browser & to be working with HTC on their Exodus phone: https://t.co/J5WQrqODKa

— BrendanEich (@BrendanEich) December 8, 2018

Brave itself had an ICO back in June 2017 with its Basic Attentio Tokens (BAT) and raised USD 35 million in just 30 seconds. These tokens can be used to pay for premium content on the Brave platform. Other competitors of Brave include a new Opera browser for Android that had a built-in crypto wallet and encrypted communications.

HTC is struggling to become relevant in a smartphone industry increasingly being dominated by Apple, Samsung and Huawei. The Taiwanese tech giant is now working with a number of innovative ideas to make its smartphones more appealing to the end user.

The partnership comes at a time after the first blockchain-based smartphone is already in the market: Sirin Labs based in Israel launched the Finney last week. It is yet to be seen how the market will respond to these blockchain phones.

 

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Coinbase Listings Continue to Accelerate, Basic Attention Token (BAT) About to Go Live

Coinbase, the largest cryptocurrency exchange headquartered in the United States with a valuation of USD 8 billion, continues to list new cryptocurrencies at an increasing pace. Deposits for Basic Attention Token (BAT) began on 2 November 2018 on Coinbase Pro, and once sufficient liquidity is achieved trading will go live. In general, once a cryptocurrency is listed on Coinbase Pro it soon becomes available on regular Coinbase, since Coinbase and Coinbase Pro have the same cryptocurrencies listed.

BAT is the official cryptocurrency of the blockchain-based Brave browser and is used to fuel a built-in advertising platform. Advertisers on the Brave browser give publishers BAT based on the performance of ads, and users receive a share of BAT too. Users can then choose to donate BAT to publishers or use the tokens to buy things on the Brave browser. The Brave advertising platform is designed to be transparent, reduce fraud, and cut out the middle-men.

Previously, only 5 cryptocurrencies were available on Coinbase: Bitcoin, Litecoin, Ethereum, Bitcoin Cash, and Ethereum Classic. Coinbase is the most prominent exchange in the United States, and there is a thirst among Coinbase traders and investors for more options. This caused Coinbase to launch a new listing process, with the goal of adding all legal and popular cryptocurrencies.

In the past month, Coinbase has listed the popular Ethereum ERC-20 token 0x, as well as USD Coin, which is an ERC-20 stablecoin that is managed by Circle and Coinbase. All ERC-20 tokens use the same backbone wallet technology, so it is straightforward for Coinbase to add any other ERC-20 tokens. Therefore, it is no surprise that Coinbase is adding the BAT, a popular ERC-20 token. BAT has a market cap near USD 300 million, placing it at #30 on CoinMarketCap.

Whenever a cryptocurrency is added to Coinbase it experiences a rally in price, and this is called the Coinbase Effect. BAT has already rallied 15% since the Coinbase listing was announced, and it is likely this rally will accelerate once trading goes live. Generally, the Coinbase Effect is sustained long-term, unlike the Binance Bump which is a short term pump and dump on average.

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Possible Addition of 6 Cryptos, New Coinbase Blog Post Reveals

Coinbase recently published a new blog post stating the possible addition of several new cryptocurrencies to their platform.

The assets in consideration are Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX).  The announcement was made at the same time within Coinbase and publicly to remain transparent, and perhaps to avoid a similar situation when Bitcoin Cash was added.

These assets were considered based on the criteria Coinbase has laid out in their Digital Asset Framework. The blog post goes into further details, discussing specific reasons why each asset stood out to the Coinbase team.

The platform says adding any or all of the above tokens will require “additional exploratory work” and places no promises on listing any of them for trading. This is unlike the Ethereum Classic support that is currently being worked on, due to its technical similarity to Ethereum.

Other caveats are discussed in the blog post as well, such as the possibility of some of the new assets only being available for purchase and sell, with no send/receive functionality enabled. This would give some coins purely investing characteristics, like what Circle is doing with their Circle Invest app.

The last two restrictions the post discusses is the way users maybe able to interact with certain assets: for example, Coinbase may only support deposits and withdrawals from transparent Zcash addresses. This is a likely scenario, in order to be in compliance with any financial regulations that may apply.

Coinbase may also stagnate the launch of these assets in certain regions, most likely testing them in other markets before they are available to the US customers.

No promises have been made on timeline for adding support to these tokens, as they have only discussed the possibility of them being on the platform. But if selected, Coinbase will be making their first expansion into smaller capitalization cryptocurrencies.

With many of Coinbase users being intuitional traders as well, this offers them an exposure to the segment of the crypto-market that was previously untapped.

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