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Source: AdobeStock / Production Perig   Solana (SOL)’s new crypto-native phone that will be developed by the little-known smartphone maker Osom is far from the first ‘blockchain phone&rsquo ; to be announced since crypto and blockchain technology took a giant step into the mainstream around 2017. But what exactly happened to all those other phones, and did the producers deliver on their promises? To find out, we dug up reports of blockchain phones dating back to 2018 and looked at the status of these projects today. Sirin Labs’ Finney phone Finney phone. Source: Sirin Labs Among the first companies to announce a purpose-made blockchain phone was Switzerland-based Sirin Labs with its Finney phone, named after the late cryptographer and Bitcoin (BTC) pioneer Hal Finney. The company itself received its funding through the fourth largest initial coin offering (ICO) of 2017, having raised USD 157.8m from the sale of its SRN token. And although th...

Source: a video screenshot Coinbase CEO Brian Armstrong has said the exchange's crypto staking services are not securities, adding that he is willing to defend this in court.  “Coinbase's staking services are not securities. We will happily defend this in court if needed,” Armstrong said in a Twitter post on Sunday. The post also links to a Coinbase blog that dives deep into crypto staking and why it is not a security under the US Securities Act, nor under the Howey test. The Howey test, which comes from a 1946 Supreme Court case, is used by the SEC to determine whether an investment contract is a security. The test basically considers four elements: investment of money, common enterprise, reasonable expectation of profits, and efforts of others. Coinbase argued that crypto staking does not meet any of the four prongs of Howey. In the first place, staking is not an investment because users don't give up their digital assets to get something else. The...

Ethereum (ETH) remains poised as bulls struggle to break hard resistance at $1,700. Currently trading at $1,640 - ETH continues to consolidate around the local support level at $1,650. Tightening Bollinger bands in late December set the stage for an impressive rally into 2023. As ETH continues to chase after Bitcoin's (BTC) strong New Year's performance. Driven on the back of positive macro sentiment from the US economy, ETH posted a 33% rally across January. Sensational +10% candles on January 12 smashed prices above $1,500. Tradingview / ETHUSD Waves of volatility have characterised February. ETH has slowly ground-up through two price levels to reach a level of support between $1,600 - $1,650. Multiple runs against the current ceiling of resistance at $1,700 have been rejected. But local support has held, and ETH is now in the 20th day of consolidation. What will ETH do over the next 24 hours? Today's chart structure suggests ETH could be heading for a...

As investors and traders eagerly await the outcome of the Federal Reserve's first FOMC meeting for the year , most analysts anticipate Chairman Jerome Powell will announce a 25 basis point interest rate hike.  His subsequent press conference is anticipated to have broad repercussions throughout financial and risk asset markets, including cryptocurrency, with market participants looking for guidance on the Fed's longer term plans. With this background in mind, what are some of the best cryptos to buy today? Although typically Bitcoin, Ethereum , and other digital assets are noticeably volatile leading up to interest rate hikes, the crypto market has remained relatively steady this time around. After reaching a high of $24,000 over the weekend--it's the highest price in five months--Bitcoin's price ultimately dipped to a multi-day low of $22,400 Monday.  As of writing, Bitcoin is hovering at around $23k; indicative that investors have maintained their ...