Blockchain Mobile Phones Imminent - Alibabacoin Lawsuit Filed and "Buy The Dip" Trailer

Bitcoin trending down a little overnight to $6.8k whilst Ethereum remains just under $400 at $382 this morning.

The race to launch the first mass produced mainstream blockchain mobile phone is on after the announcement that Sirin Labs has agreed a deal with a Foxconn Technology Group subsidiary to produce a new blockchain friendly device called the Finney. This follows rumours last month of Sirin having discussions with handset manufacturer Huawei concerning a possible operating system licensing deal for SIRIN OS to run alongside Android on their products. The Finney is due to ship in October with some 25,000 units on preorder to date at a $1000 USD per unit. If licensing agreements happen the price per unit could fall as low as $200 very rapidly – however, the mobile phone market is a fickle place at the best of times when you consider the rise and fall of Nokia, Symbian and Blackberry – all casualties of failing to innovate with market demands.

Dubai based cryptocompany Alibabacoin are making headlines after a lawsuit was filed by internet trading giant Alibaba Group Holding Ltd on the grounds of “prominent, repeated, and intentionally misleading” use of its trademarks is designed to confuse consumers to think its products are affiliated with or endorsed by the Chinese online retailer. Alibabacoin raised over $3.5 million in the course of its ICO.

A short trailer for a cryptocurrency production called “Buy The Dip” has been released by Vard Productions. The clip is a taster of a television pilot for a series of satirical comedy sketches about the industry.

Director Sam Lucas Smith reportedly considering funding the project with cryptocurrency – whether this happens in the form of an initial coin offering or not remains to be seen. If the ICO route is taken it would make it the first fully crypto funded production.

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Created: Thursday, April 5, 2018

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