Helium launches Wallet app on Apple and Android

Helium (HNT) news as it happened

App Store icon displayed on a phone screen                                 
Helium users can now download the network’s new Wallet app from Apple’s App Store – Photo: Getty Images
                                

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The Helium Wallet app has been launched and is available to download from the Apple App Store and Google Play for Android.

In February 2022, the Helium core team announced the original Helium app would be split into two functional components – one for Hotspot management and the other for token management.

The original Helium app is now the Helium Hotspot app and the new Helium Wallet app is for managing users HNT tokens and identify on the Helium Network.

The new Helium Wallet is the “culmination of four months of valuable input” from the Helium community, as since February, more than 4,000 people have beta tested the app.

10 May: Binance to support Helium’s latest upgrade 

Binance, the world’s largest cryptocurrency exchange by trading volume, will support the latest Helium network upgrade by suspending HNT withdrawals for a certain period of time.

The upgrade, which makes blockchain-core upgrades, takes place on 11 May at 01:00am BST (UTC +1) and Binance will suspend HNT withdrawals from 00:00am BST on that day.

The crypto exchange said the trading of HNT will not be affected during the network upgrade. 

Binance also said it will “reopen deposits and withdrawals for HNT once it deems the upgraded network is stable”.

4 April: Helium Inc changes its name to Nova Labs 

Helium Inc, the company behind the decentralised blockchain-powered network for Internet of Things (IoT) devices, Helium, has changed its name to Nova Labs.

The idea behind this move is to create a separation between the company itself and the Helium (HNT) crypto, explained Amir Haleem, CEO and founder of Nova Labs.

Additionally, Nova Labs confirmed the $200m in funding it received in February, which now brings the company to the status of Unicorn.  

21 February: Helium raises $200m in latest funding round  

The cryptocurrency HNT has raised $200m (£146m) in a series D funding round. This has resulted in Helium Inc’s valuation rising to $1.2bn (£88m), Axios reported.

Among the investors in the Series D funding round were Tiger Global, an American investment firm and FTX Ventures, a $2bn (£1.46bn) fund run by FTX, the cryptocurrency derivatives exchange, to support innovative crypto firms and businesses building the future of Web3.

SkyBridge Capital, a global investment firm based in New York with one of its founders being Anthony Scaramucci, is said to be looking at buying Helium equity and its HNT.

Scaramucci is no stranger to cryptos, as in January 2022, the thought leadership forum SALT, which was founded by Scaramucci in 2009, signed up to a multi-year partnership with FTX.   

Scaramucci is also well-known for briefly being the White House director of communications for then-President Donald Trump in 2017.

Dominic Cummings is a fan of HNT

In August 2021, Dominic Cummings, former adviser to UK prime minister Boris Johnson, tweeted about HNT saying the crypto “will grow very fast outside of regulation”.

From January to August 2021, HNT witnessed a 3,202% increase in value to $13.13.

According to CoinMarketCap, the crypto has now risen even further to $23.30. The site describes the crypto as “a decentralised blockchain-powered network for Internet of Things (IoT) devices”.

HNT’s aim is to disrupt current broadband technology and build a new decentralised network to run the internet. Providers of the network are incentivised because the internet hotspots they set up automatically ‘mine’ HNT.

When Cummings tweeted about HNT In late June 2021, he criticised UK political parties for being “decades behind understanding how to use TV”. The former adviser to the PM then concluded that there was “no chance” they would know about HNT.

Further reading

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