Author: Anna Galvez

Categories
Crypto Markets News

VanEck Subsidiary Launched Bitcoin (BTC) OTC Market Index

MV Index Solutions, a subsidiary of New York-based investment and financial analysis company, VanEck, announced on Tuesday the launch of an OTC (over-the-counter) Bitcoin (BTC) market index, using Circle Trade, Cumberland and Genesis Trading as the primary sources for its information.

According to the press release, this is the first index of Bitcoin (BTC) OTC index market. OTC trading involves the exchange of goods, commodities and any other investment asset outside the books of purchase and sale of a particular investment firm, with a broader portfolio that can handle different types of prices and more substantial investments.

“We are very happy to be the first provider to launch a Bitcoin (BTC) index based on OTC trading desk prices. This allows over-the-counter clients to use this index as a reliable benchmark for their transactions or possible investment products,” said Thomas Kettner, the General Manager at MV Index Solutions.

VanEck Subsidiary Launched Bitcoin (BTC) OTC Market Index

VanEck is a significant company in the cryptocurrency ecosystem. Its Bitcoin (BTC) ETF application to the US Securities and Exchange Commission (SEC) is still under evaluation by the authority, while the final decision on that is expected in March 2019.

Executives from Circle, Genesis, and Cumberland assured that with the creation of this Bitcoin (BTC) OTC index, the investors have access to an instrument that will be extremely useful for this type of over-the-counter investments. According to VanEck’s Chief Strategy Officer, Gabor Gurbacs, this may help new institutional investors enter the OTC Bitcoin (BTC) market.

Similar to the creation of this Bitcoin (BTC) OTC market index, other instruments and investment assets linked to cryptocurrencies would be gradually incorporated into the more conventional stock market. This week the Swiss stock exchange Six Exchange received authorization to trade one ETP (exchange product) of five cryptos in a basket that includes Bitcoin (BTC), XRP (XRP), Ethereum (ETH), Bitcoin Cash ABC, and Litecoin (LTC).

Categories
Markets News Tech

iPhone XR Is A Huge Disappointment, And That Reflects In Apple Stock

Bad news continues to come out for Apple, whose stock was painfully closing at $176.8 (-0.1%) last night on Wall Street, after two sessions of sharp corrections. According to the Wall Street Journal today, Japanese telecom operators will receive subsidies from Apple, which they should use to reduce the lowest-priced device of the iPhone 2018 models even more. We talk about iPhone XR.

This information confirms a likely very disappointing launch of the device and will fuel fears of a more general slowdown in demand for Apple’s flagship product. “Less than a month after the release of the iPhone XR, Apple Inc. plans to offer subsidies to mobile network operators in Japan to support sales of its new cheapest smartphone,” says the WSJ.

This “promotion” on the most affordable device among the new ones, as well as the cuts in production plans, are a sign of limited consumer enthusiasm for this iPhone XR device, which displays fewer features than the other two new models released this year. Japanese GSM operators could reduce iPhone XR prices as early as next week.

iPhone XR Is A Huge Disappointment, And That Reflects In Apple Stock

Earlier this week, the Wall Street Journal reported that Apple had reduced production orders for the three iPhone 2108 models. It would have become more difficult for Apple to anticipate its needs in components and devices, in particular, due to a demand that’s lower than expected.

Yesterday, Foxconn, the world leader in electronic subcontracting, intended to reduce its costs by 20 billion Yuan (nearly $3 billion) in 2019, Apple’s supplier being confronted with “a very difficult and competitive year” according to Bloomberg. The Taiwanese group reported that it was carrying out a regular annual review of the budget for 2019.

Of course, such an adjustment could also increase concerns about the iPhone XR demand. Taiwanese spending on the iPhone models assembly activity is expected to fall by 6 billion Yuan in 2019, and the group is also reportedly considering cutting 10% of ‘non-technical’ jobs, added Bloomberg.

Categories
Tech

Honor 10 Lite To Come Out With Kirin 710 and Android 9 Pie

Huawei’s brand, Honor, officially presented its new smartphone, the Honor 10 Lite. The mid-range device boasts a Kirin 710 processor and would come out with Android 9 Pie.

Also, the Honor 10 Lite has a large 6.2-inch LCD screen with a waterdrop notch at the top. This small notched design is increasingly becoming a trend in the mid-range segment, lately. Inside the notch, the Chinese manufacturer opted for a 24-megapixel selfies camera. On its back, Honor 10 Lite boasts a dual-camera system made of one 13-megapixel lens and a second sensor of 2 megapixels.

The primary cameras are powered by artificial intelligence technology similar to the one we’ve already witnessed this year on other devices, including some of the Huawei.

Huawei Honor 10 Lite To Come Out With Kirin 710 and Android 9 Pie

The Kirin 710 processor is backed up by either 4 GB or 6GB of RAM, depending on the variant, and by an internal storage space of up to 128 GB. You can also extend the internal memory up to 512 GB via microSD. Overall, it is an impressive mid-range device.

For some consumers, however, the battery might represent the most significant challenge. Accordingly, Honor 10 Lite boasts a 3,000-mAh accumulator which is not the most powerful one available at the device’s price level. As Honor 10 Lite boasts a 6.2-inch LCD screen, the handset could have troubles in keeping a full day’s autonomy due to its weak battery.

Luckily, Honor 10 Lite has some of the features based on AI such as the adaptive battery, and adaptive brightness that might help us save a lot of battery. On the other hand, the device is not boasting a USB-C port, but it is equipped with a 3.5-mm jack for headphones, a feature many modern smartphones ditched. Huawei did not disclose when the Honor 10 Lite will roll out to the American and European markets, but we expect that to happen pretty soon.

Categories
Tech

Qualcomm Snapdragon 8150 Chipset Might Launch on December 4th

Qualcomm markets new mobile chips on a very regular basis. The next one should be unveiled on December 4th. It would undoubtedly be the Snapdragon 8150.

Qualcomm has not yet announced the new generation of its mobile chips, even though its competitors have already done so in recent weeks or months. The Huawei Kirin 980 is already integrated on some of the Chinese brand’s devices, as is the Apple A12 Bionic chip in the new iPhone 2018 models. Samsung also introduced its Exynos processor that will power its upcoming Galaxy S10 for the European market.

Qualcomm is the most prolific mobile chips manufacturer, usually rolling out very powerful chipsets, such as the Snapdragon 845. So, it’s the right time for Qualcomm to showcase its latest creation. According to a report, this announcement would take place on December 4.

Qualcomm Snapdragon 8150 Chipset Might Launch on December 4th

Although this chip succeeds the Snapdragon 845, it would be named Qualcomm Snapdragon 8150, according to various rumors. According to the very popular leaker, Ice Universe, who posted on Twitter, Qualcomm is planning to unveil this Snapdragon 8150 during the Qualcomm Technology Summit, in Hawaii, on December 4th.

Also, reportedly, the renowned chips manufacturer, Qualcomm, has already sent come invitations to the Chinese tech news portals and is preparing to do the same for the rest of the world, as soon as possible.

The upcoming Snapdragon 8150 will be manufactured in 7 nm FinFET technology by TSMC, precisely like the Huawei and Apple chipsets. It could embed an Octa-Core CPU only that it would boast a different configuration.

According to the rumors, this new Qualcomm chipset would replace Snapdragon 845, and it would become the processor to power the Android flagships of the next year, including the North American variant of the Samsung Galaxy S10 and Note 10, among others. In reality, S10 might be the first 2019 smartphone to benefit from the new Snapdragon 8150.

Categories
Tech

Android 9 Pie To Come To LG G7 ThinQ And LG V40

Android 9 Pie update for LG G7 and LG V40 is one of the most sought-after updates of the year for the users of the before-mentioned devices. Although the Korean firm LG has not been exceptionally punctual regarding the updates it rolled out, after the release of Android 8 Oreo for some of its handsets, the firm promised to launch following patches at a slightly faster pace.

Android 9 Pie to come to LG G7 ThinQ and LG V40

Now, LG G7 ThinQ and LG V40 would be the first to benefit from the Android 9 Pie update. These models are two of the Korean company’s flagships, so it’s not surprising that these are the ones chosen for the deployment of the new upgrade.

The first to receive the expected Android 9 Pie update will be the LG G7 ThinQ. The company has launched a public beta program in Korea which commenced yesterday and is open to any LG G7 ThinQ user who wants to enter into the program, regardless of the mobile phone operator they work with.

Currently, LG runs a beta program to test the Android 9 Pie update for LG G7 and LG V40

With this beta program, LG wants to detect and solve the bugs and errors that may exist in the Android 9 Pie update for LG G7 before the upgrade rolls out to a broader public. Samsung has done the same with the upgrade to Android 9 Pie for the Samsung Galaxy S9 and Samsung Galaxy S9 Plus.

At the moment, the company did not disclose when the Android 9 Pie update for LG G7 ThinQ and LG V40 would come out, depending on how long the beta program will last and what bugs the testers will find. Thus, it can be expected that Android 9 Pie for LG G7 and LG V40 would start landing on these smartphones between late December and early January.

Exit mobile version