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Nano News

The Daily: Coinbase Blesses Binance, Game Day for BCH

It’s a big day for Bitcoin, though quite what flavor of Bitcoin remains to be seen. By the time the dust has settled on this historic Thursday, we should have an idea of which way the Bitcoin Cash hash war has swung. In this edition of The Daily, we round up the best tools for monitoring the fork as it happens and take a look at Ledger’s natty new range of hardware wallets. Also read: Bitfinex Applies Fees, Bitmex Rejects Claims It Trades Against Customers Bitcoin Cash Has Its Day of Reckoning At around 11:40 a.m. EST the Bitcoin Cash (BCH) network will fork to become two. Quite what happens after that is anyone’s guess, although there have been plenty of attempts to predict the ways this hashpower battle could play out. Rather than add to the noise by speculating on whether Bitcoin ABC or Bitcoin SV will become the dominant chain, we’ll settle for linking to resources for where you can watch the drama unfold. shows hashrate estimations for the competing BCH implementations, while Bitmex Research has created Click on the Bitcoin Cash tab at the top to see which BCH build is in front. We’ve also published a roundup of the key arguments from each side of the divide, plus a list of how numerous platforms and services are handling the fork. Whether you’re a BCH proponent, opponent, or merely a casual spectator, Nov. 15 promises to be a seismic day in Bitcoin history. Coinbase Endorses Binance Listing It’s not every day you log onto Twitter to find America’s largest exchange shilling the world’s largest one. That’s what happened, in a fashion, after Binance listed Circle’s USDC. Coinbase is part of the Centre Consortium behind the stablecoin, and has thus found itself tweeting its support of its great rival. The stablecoin will be listed on Nov. 17 and paired against USDC/BNB and USDC/BTC, taking the number of stablecoins on the platform to four. Binance is listing USDC-the stablecoin co-created by @circlepay and Coinbase via @centre_io. We co-founded the CENTRE Consortium with the goal of establishing a standard for fiat on the internet, and we’re thrilled to see adoption growing around the world. — Coinbase (@coinbase) November 15, 2018 Ledgers Are the New iPhones Hardware wallet manufacturer Ledger has been perfecting the aesthetics of its devices with each iteration. Just when you thought the French manufacturer might be running out of ways to rethink the USB stick, it goes and releases another sleek version of its popular Nano S. A fortnight ago, Ledger released its White Paper Edition, which came with a miniature version of Satoshi Nakamoto’s seminal whitepaper to coincide with its 10th anniversary. Now it has followed this up with the release of half a dozen color options for the Nano S. While the move might sound like the slick marketing of a company trying to move more units, there is a kind of rationale behind the multicolored Nanos. The company explains: “When you are managing a wide range of assets, using multiple Ledger Nano S enables you to dedicate each one to specific applications. With different colors, you can now easily identify any of your Ledger Nano S.” What are your thoughts on today’s news tidbits as featured in The Daily? Let us know in the comments section below. Images courtesy of Shutterstock and Need to calculate your bitcoin holdings? Check our tools section. The post The Daily: Coinbase Blesses Binance, Game Day for BCH appeared first on Bitcoin News.

12 hours ago

Ledger Launches Nano S In 5 New Colours

Ledger, the company behind the popular cryptocurrency hardware wallet Ledger Nano S has launched its flagship product in 5 new colors. Ledger has now sold 1.4 million units of Nano S in two and a half years. It currently supports over 700 cryptocurrencies and is adding more every month. Ledger Nano S is now available in the following colors in addition to black: Saffron Yellow, Flamingo Pink, Jade Green, Blue Lagoon, and Transparent. The new colors will retail at $100, the same price as black. The company is also offering up to 30% discount for buying more than one wallet. (VS)

18 hours ago

Directed Acyclic Graph: the Future of Blockchain Development

CoinSpeaker Directed Acyclic Graph: the Future of Blockchain Development Blockchain is the hottest topic in the tech market nowadays, but have you imagined its future? Experts categorized Bitcoin as the Blockchain 1.0 due to the increasing popularity. As the technology progressed, Ethereum offered the decentralized platform to applications that execute exactly as programmed and experts began to call it as Blockchain 2.0. After the two versions of the blockchain, the market is battling to see the future of blockchain development, i.e., Blockchain 3.0, which could be Directed Acyclic Graph (DAG). But do you know what is DAG? How DAG resolves the scalability and other issues that Blockchain 2.0 cannot solve? Let’s have in-depth knowledge about DAG. What is DAG (Directed Acyclic Graph) Directed Acyclic Graph is a data structure which implements the approach of topological ordering. DAG is usually correlated to problems of data processing, finding the best route in navigation, data compression, and scheduling. Due to the Proof-of-Work consensus algorithm, Bitcoin has not been able to create the blocks simultaneously and hence, considered insufficient. All transactions occurring at the same time are stored in the same block and miners have to compete for the validation of blocks. It takes around 10 minutes to create a single block. Creation and validation of too many blocks could take a considerable amount of time and lead to storage issues. Directed Acyclic Graph could be the possible solution as it supports the extension of the storage by X times with X blocks, but the mining time should remain unchanged. NXT was the first blockchain platform that came up with an idea of converting the chain-like storage into a DAG of blocks. Before we explain the concepts used in Directed Acyclic Graph Blockchain, let’s understand how is it different from Blockchain.After we get to know what is Directed Acyclic Graph, it is the time to learn why DAG could be the future of blockchain development and what are the concepts used in these types of platforms. Concepts Used in the DAG-based Platforms No Mining Swift Transactions The Width of the Network Supports Small Payments The Double-Spending Issue Latency No Mining: Bitcoin requires miners to validate the transactions while DAG network has no miners. It enables automated validation to make transactions secure and safer and result in faster processing. So, a user can make the instant transactions. Swift Transactions: since it has no blocks in the network, transactions can directly get in the DAG networks. It is the reason that DAG is quite faster than any other blockchain platform operating on PoS and PoW platforms. The Width of the Network: in a Directed Acyclic Graph Network, every transaction after getting validated requires to be linked to a new and an existing transaction on the network. Linking to a previous transaction every time might widen the network, making it difficult to validate the transactions. Therefore, DAG prefers an existing later transaction to link to a new transaction. The goal of a DAG network is to maintain the width of the network precise to support quick transaction validation. Supports Small Payments: The idea behind introducing DAG technology is to make a network functional and smooth with minimum transaction fees. It can become possible for users to send micro-payments without paying heavy prices, unlike Ethereum and Bitcoin. The Double-Spending Issue: Bitcoin uses the Unspent Transaction Output model, under which users can only have one transaction placement. More than one miner can seek the authority of validating the block by performing the hash function. The validation of a transaction is dependent on the number of transactions supporting it. The transaction rate entering into the network is comparatively lower which can make the transactions safer and quicker. Latency: Time of confirmation and speed of execution are not dependent on the block-size, but on the bandwidth between communicating nodes. Therefore, there is no restriction on how much the system can scale. DAG technology has been used by many developers to upgrade the future of blockchain development. Let’s look below at the projects built on DAG which have the potential to overcome the issues of scaling or security. Technologies Based on DAG IOTA IOTA, the first DAG-based crypto project, aims to eliminate the concept of a miner’s fees. The platforms like Bitcoin and Ethereum require miners to approve the transactions and the fees is essential to incentivize validators for writing the history of records to the blockchain. But IOTA assigns the duty of mining to every member of the network; every user on the network is also a transaction validator. A user has to approve the last two transactions to get a transaction verified by IOTA. Since everyone participates to reach a consensus, the network becomes faster and scalable. Designed initially to serve as a backbone fo

a day ago

📣🔌 Reminder: Nano will be discontinued today at 12:00 PM CET...

📣🔌 Reminder: Nano will be discontinued today at 12:00 PM CET. Your #LSK tokens won’t be affected as they're stored…

2 days ago

What Is NEM? Introduction To XEM

What Is NEM? NEM is a dual-layer blockchain similar to Ethereum but written in Java, a popular computer programming language. Launched on March 31, 2015, the NEM mainnet supports multiple ledgers on its cryptocurrency layer, and the NEM Smart Assets layer supports mosaics to represent any store of value. NEM’s proprietary crypto coin is XEM, which is harvested (mined) using a Proof-of-Importance algorithm. (NEM, by the way, stands for New Economy Movement.) Introduction To NEM What makes NEM so powerful is the Smart Asset System. Nodes on the NEM blockchain process API calls, which makes it easy to develop for, whether the dApp accesses NEM’s API directly, through a server, or in the background. Basically NEM built a blockchain-based cloud platform with a NEM Infrastructure Server (NIS) made of secure, decentralized processing nodes on one side and a client side, like the NEM Community Client (NCC), which acts as a gateway. Of course, it’s not all roses and rainbows for NEM - in January 2018 when all eyes were on the crypto market’s meteoric price spike, Japan-based crypto exchange Coincheck was hacked, and 523 million XEM coins were stolen, worth over $500 million at the time, and now worth a tenth of what it was at its peak. Before exploring whether this structure will make blockchain palatable for the general market, let’s research the market performance of XEM, NEM’s proprietary crypto coin, on the cryptocurrency market. XEM Crypto Market Performance The peak price so far of XEM was $1.92 on January 3, 2018. As mentioned above, XEM isn’t “mined” or “staked” like a traditional currency using PoW or PoS consensus algorithms. Instead XEM is “harvested” through PoI, which works more like a company pension plan than an interest-bearing savings account (which PoS cryptocurrencies like Tezos resemble). To begin vesting coins, you must place at least 10,000 XEM coins in an approved XEM wallet, which start out as unvested. As you hodl the required XEM balance over time, your coins begin to vest toward your importance and pay dividends. The longer you hodl more XEM, the higher your importance to the network, but you’re also rewarded for participating on the network by exchanging coins with other users. So instead of simply putting your money in the bank and gaining passive interest, you’re incentivized to support the network in more of a profit-share model. That’s how pension plans used to work, for everyone born in the cost-cutting era where they’re endangered in the wild. This hybrid model lets anyone participate as a node, regardless of hardware power, relieving one of the biggest pain points in blockchain. It also prevents anyone from buying control of the network, since time and participation are factors, much like Google search ranking algorithms. Processing nodes are verified using a custom Eigentrust++ reputation algorithm. As a node turns in positive information, its reputation increases among other nodes. Approximately $50,000,000 worth of XEM is traded on a daily basis. Exchanges that accept XEM include Binance, Upbit, Zaif, Poloniex, Kryptono, and Exrates. BTC is its most popular trading pair, although other XEM trading pairs include ETH, USDT, and even fiat currencies like USD. And don’t forget not to store your XEM in exchanges - instead, keep it in the official NEM Nano wallet for desktop and mobile OS. This is where they’ll start vesting. Building a Better Ethereum While NEM/XEM certainly doesn’t sound more user-friendly than Ethereum by virtue of its acronymic name, but that was certainly the goal when Bitcoin Talk forum user UtopianFuture proposed the initial framework. Instead of forking from NXT, a full blockchain was built from the ground-up. NEM was built to resemble the current internet, with namespace domains and subdomains assigned similar to ICANN’s internet domain name system. This alone makes it much more appealing to both developers and users. In addition, the multisignature functionality (shortened to multisig) to control what’s ultimately broadcast to the blockchain and written to the decentralized digital ledger. The blockchain community built NEM, so it is definitely a blockchain of the people and for the people. Of course, as with most community projects, marketing isn’t NEM’s strong suit. This solid technical foundation doesn’t have the massive enterprise support other blockchain projects do yet. But that doesn’t mean NEM is dead in the water. In fact, it does have a partnership with Tech Bureau that created Mijin, an institutional banking platform. It also built an ICO platform on the NEM network and several community-created projects jumpstarted development of the NEM ecosystem. There are over 20 projects in various stages of development on NEM so far, including a privacy coin called Eroiy, an Australian tourism project called TravelByBit, and even integration with Pundi X. NEM has strong support in Singapore and Australia, but China isn’t a fan. The Foundation’

2 days ago

This subreddit has taken a major step back this year - The tribalism is a BIG problem.

God forbid you mention a single coin other than NANO or VET, then you get down voted to oblivion so that no one will see the post. ​ The tribalism is a big problem and will get us nowhere. I don't go around downvoting posts for mentioning coins that aren't in my portfolio... seems like I'm the last guy around that thinks that way.

2 days ago

Melhores canais e grupos no Telegram para criptomoedas

Por: Livecoins Quando vamos conhecendo melhor o cenário das criptomoedas uma das formas de aprender e ficar antenado mais do que a nossa capacidade de procurar por mais informações consegue, é nos unir a comunidades e participar de debates e crescer mais os conhecimentos no menor tempo possível, confira abaixo os melhores canais e grupos no Telegram para criptomoedas. O Telegram é um aplicativo mobile, que possui versões para Android e também para IOS, mas que de forma semelhante ao Whatsapp também possui uma interface web para acesso por computadores pessoais. Outro detalhe é que pode ser baixado um programa para seu desktop. As vantagens do Telegram sobre o Whatsapp são várias, o limite da capacidade dos grupos são de 100 mil pessoas, sendo o zap de apenas 256 pessoas. Um fato é que ao entrar nos grupos e canais, os novos usuários possuem acesso ao histórico de conversas que aconteceu antes dos mesmos entrarem, isso já não é possível pelo whatsapp. Outro detalhe é a privacidade, pois pelo Telegram pode ser criado um usuário que passa a ser a informação que é compartilhada publicamente em grupos. O mesmo normalmente possui o formato “@nomequevocêquiser” e faz com quem em grupos as pessoas veja apenas seu usuário e o seu nome que também é criado. O telefone dos usuários então, não são compartilhados de forma pública neste aplicativo. Outro detalhe é que além dos grupos podem ser criados canais de comunicação, dos quais os usuários inscritos recebem notificações das atividades do criador do canal, muito útil para quem deseja receber as novidades sem se interagir com as mesmas. Para finalizar as vantagens, dentre as várias possibilidades o Telegram permite que os usuários criem robôs de informações (BOTS), para que dessa forma automatizem processos diversos. Existem nas comunidades de criptomoedas bots diversos que conseguem desde responder dados básicos até a verificar cotações em exchanges. Se você já baixou o aplicativo e está sem comunidades para entrar, confira abaixo a lista dos canais e grupos e entre para encontrar mais informações: Canal Livecoins - Notícias em primeira mão Grupo Livecoins - Comunidade para interação de quem acompanha nosso portal Grupo Binance Portuguese - Exchange Grupo Huobi Brasil - Exchange Grupo OriginalMy Brazil - projeto brasileiro Grupo Paratiivideo - projeto brasileiro Grupo CryptoGiant - troca de informações Grupo Bitcoin Investimento Trader - troca de informações Grupo Criptologia - youtuber e troca de informações Grupo 59 segundos - youtuber e troca de informações Grupo Investimentos Digitais - youtuber e troca de informações Canal Criptomaniacos - youtuber Grupo Nano Brasil - criptomoeda Canal IOTA Brasil - criptomoeda Grupo Decred Br - criptomoeda Canal Waves Brasil - criptomoeda Grupo Crypterium Brasil - criptomoeda Grupo Falando sobre Investimentos - Troca de informações, não somente criptos A partir destas dicas o seu caminho tende a aumentar de opções uma vez dentro do Telegram, só deixamos claro que ao entrar em comunidades muito cuidado com fraudes, com pessoas que lhe chamarem propondo milagres e retornos incomuns de investimentos, não existe dinheiro fácil e nem dinheiro de graça. Se você ainda possui dúvidas sobre o Telegram ser uma super ferramenta, e muito mais do que isso, ser amigável ao ambiente das criptomoedas, saiba que a ferramenta realizou um financiamento privado para melhorar a plataforma que irá contar com um token criptográfico para que usuários paguem contas e façam transações dentro desse ambiente. O artigo Melhores canais e grupos no Telegram para criptomoedas apareceu primeiro em Livecoins.

3 days ago

Electroneum - minere no seu celular

Por: Livecoins Electroneum (ETN) é uma criptomoeda com pouco mais de um ano. É um projeto inglês capitaneado por Richard Ells. A sua proposta é bem simples: ser a criptomoeda do mass adoption (adoção em massa). Apesar de simples é algo extremamente audacioso e difícil. O Bitcoin em seus 10 anos ainda não conseguiu. Porém, Richard e sua equipe tem um plano até bem simples para isso - um aplicativo de celular que torna bem simples operações com ETN - tão ou até mais simples que com cartão de credito. Ok, podemos dizer que praticamente qualquer carteira de celular de criptomoedas teria essa característica. Tanto por isso como para incentivar o uso do aplicativo a carteira vem com um simulador de mineração, apesar da mineração ser simulada e não utilizar recursos e processamento do seu celular os pagamentos são reais, você é efetivamente pago por deixar o aplicativo rodando. Verdade seja dita que hoje são pequenos valores, mas não deixa de ser atrativo, ainda mais se considerar o desempenho do Bitcoin de meros centavos para dezenas de milhares de dólares em seu maior preço. Neste um ano de vida entre altos e baixos a ETN valorizou próximo de 100% (até mais para quem comprou no início do ICO) saindo de 1 centavo de dólar para 1,5 centavo nos valores de hoje. Vale comentar que nos melhores momentos do mercado de criptos 1 ETN chegou a valer mais de 20 centavos de dólar e mesmo após um ano de grandes baixas os investidores do ICO ainda estão com um lucro maior que 100%. Além desse desempenho de preço, ETN tem formado diversas parcerias e depois de um longo período operando com apenas uma Exchange criptos x criptos, esta expandido sua presença com cada vez mais exchanges crypto x crypto e iniciando negociações em Exchange com pares EURO x ETN e USD x ETN (em breve) na LIQUID. Corre o boato que em breve ETN será listado na BINANCE, a maior (e possivelmente melhor) Exchange do mundo. COMO FAZER PARTE Primeiro passo é abrir uma conta no em seguida instalar o App (infelizmente devido a políticas da Apple por enquanto disponível apenas para ANDROID). As orientações são simples e fáceis de seguir. Com isso você já pode começar a minerar. Como mais um incentivo para a divulgação e mass adoption, pessoas indicadas e seus indicadores recebem um pequeno bônus ao longo da mineração, basta incluir o código (referral code) do usuário que fez a indicação, por exemplo: 345F2D. A velocidade de mineração sofre algumas variações, mas os ganhos a depender do aparelho e da simulação vão ser entre 30 e 150 ETN por mês // 360 - 1800 ETN por ano. Na cotação atual não são grandes valores, mas sempre bom lembrar que ETN, apesar dos percalços do primeiro ano, tem cumprido suas propostas e desenvolvido cada vez mais parcerias. Feita essa primeira parte, querendo aumentar sua posição em ETN o caminho seria comprando via Exchanges, infelizmente não temos Exchanges no Brasil operando com ETN o que significa que para comprar ETN é necessário criar uma conta em uma Exchange fora do Brasil. É razoavelmente fácil, eu abri minha conta na CRYPTOPIA, mas temos outras opções: Lista Exchanges ETN. O par mais negociado é BTC x ETN, e daí fica simples pois basta comprar BTC em uma Exchange brasileira como Bitcointrade, Foxbit, Negociecoins, ou qualquer outra e transferir para Cryptopia ou outra Exchange que preferir e comprar seus ETN´s. A primeira vez é um pouco mais trabalhoso, mas depois que se tem tudo montado é simples. Vale comentar que não se tem data ainda para início de pares na BINANCE. STORAGE e COLD STORAGE Uma vez que foi comprado ETN, se tem 3 opções: manter na Exchange, essa é tradicionalmente a pior opção pelo risco de hackers invadirem a Exchange escolhida e roubarem todas as moedas, além de muitas vezes em caso de forks não se receber a nova moeda (como ocorreram em diversos forks de BTC, como Bitcoin cash por exemplo) Transferir para o App, o App é uma opção segura, mas tão segura quanto sua segurança digital, se seu computador / celular não estiver protegido suas moedas podem ser facilmente roubadas (isso vale para qualquer moeda, inclusive R$ em contas bancarias). PAPER WALLET, Essa é a opção mais segura, no link pode se gerar uma carteira, imprimir e guardar em um local seguro, pode se ter várias copias e distribui las em locais de confiança. Todo o processo pode ser feito off-line, sem nunca expor a carteira na rede. O grande risco aqui é de se perder a carteira impressa e, portanto, todos os fundos (similar a outros cold storages, como a Nano S por exemplo) KYC ETN instituiu a necessidade de efetuar o KYC - known your customer. Apesar de desagradar algumas pessoas, é uma atitude importante para viabilizar novas parcerias, principalmente com seu grande alvo que são as empresas de telecomunicações e ter acesso a um público ainda maior em todos os continentes. Um mal necessário que visa principalmente evitar o uso da moeda para lavagem de dinheiro e que já é bem usual nos ICO´s. São 3 níveis, de aco

3 days ago

Need help performing the #AionNetwork token swap with the @L...

Need help performing the #AionNetwork token swap with the @LedgerHQ Nano S Hardware Wallet? Community Manager…

4 days ago

Daily Cryptocurrency News - 10th November 2018

Here are the most important cryptocurrency news of 10th November 2018: MUFG Bank Exploring Ripple’s Technology for New Service MUFG - THe largest bank from Japan is now exploring Ripple’s technology for their new cross-border payment service. The service will be available between Mitsubishi UFJ Financial Group (MUFG) and Banco Bradesco - one of the largest bank in Brazil. Both banks have a long history - MUFG has over 360 years of history while Branco Bradesco was founded in 1943 in the city of Osasco, São Paulo. There was a memorandum signed between this two yesterday. And it also caught the media attention, as CryptoEri , a well known Tokyo crypto analyst tweeted about this news: Ripple Snagged A Monster!! The biggest bank in Japan (MUFG, headquartered in Tokyo, 360 year history, 1800 locations, & 50 countries) is going to execute on cross-border remittances between JAPAN and Brazil. Learn this Japanese word: DEKAI = gargantuan — CryptoEri (@sentosumosaba) November 10, 2018 This partnership is a great thing for Ripple as its community is growing as the RippleNet gains more and more customers. Indeed, the transfers are not made in XRP so that won’t impact the price probably - but its great to see financial institutions creating partnership with cryptocurrency ones. It shows to people and investors that crypto is not an investment opportunity, but it also have a real life use-case that’s beneficial for everyone. VeChain Digital Carbon Platform Introduction Vechain recently announced their future VeChain Carbon Ecological Platform. Basically, they want to create an environment where users would be incentivized for reducing the CO2 emissions. So, every action you make in a day-to-day basis can and will be recorded on the VeChainThor Blockchain. If you buy an ecological bag instead of a normal plastic one, you will win Carbon Credits - that can be used to get discounts on the VeChain partners. Therefore, this will allow anyone to have an impact over the environment of the earth and be rewarded for that. If you’re driving an eco-friendly vehicle - the milleage will be converted into Carbon Credits as well and it will show you how your contribution is helping making the world a better place. Its a nice concept, perfectly for people that wants to save the environment while also be rewarded for it! This will be possible due to the VeChainThor blockchain, which will create a smart contract giving people rewards for their small contribution. VeChain plans to bring this to companies as well as corporations to create a low-carbon ecosystem. The idea sounds great and there are many people that will probably be interested in this. Tron’s Decentralized Exchange is Live on TronScan In late september, Marcus Zhao informed the TRX community the future plans for Tron’s blockchain. Among these plans, there was also the activation of Tron Virtual Machine (TVM) as well as the activation of a decentralized exchange. Now, the Tron community can be happy as Tron have its first decentralized exchange live on TronScan. The exchange went live with 3 tokens listed there: dice/TRX , WIN/TRX and SEED/TRX. But now, there are a few more such as TronWatchMarket/TRX, CryptoGuyInZa/TRX and CryptoChain/TR To start trading there, you need to link your TRX wallet there or create a new one and fund it. The process is fairly simple, especially for someone used with decentralized exchanges. If you however want your cryptocurrency listed there, all you need to do is to complete the Tron DEX form. Tron also have another exchange launching soon. Tron Watch Market is another decentralized exchange that aims to be the fastest DEX in the crypto-space. There’s already a demo version of Tron Watch Market DEX, you can check that here. Once its done, the Tron Watch Market will allow users to trade between TRON, TRX10 and TRX20 tokens - with more to come upon the launch. The Story of Jeff Garzik, one of Bitcoin’s earliest pioneers If you’re passionate about Bitcoin and you were there from the start, you probably know who Jeff Garzik is. If not,don’t worry, we’ll talk more about him now. Jeff Garzik was the “third-biggest contributor” to Bitcoin’s code and one of the people that made Bitcoin what is is now. He was one of the Satoshi’s collaborators and someone that helped him put the pillars to what Bitcoin is today. He’s the CEO of Bloq and works with giants industry companies. Discover, Barclays, Citigroup and Fidelity are just a part of their partners. Giving his opinion on Bitcoin’s 10th birthday, he claimed that: “It hasn’t evolved in the direction of high-volume payments, which is something we thought about in the very early days: getting merchants to accept Bitcoins. But on the store-of-value side it’s unquestionably a success.” He also shares his opinion about who Satoshi Nakamoto is, hiting to Dave Kleiman. “My personal theory is that it’s [Satoshi Nakamoto] Floridian Dave Kleiman. It matches his coding style, this gentl

5 days ago

IOT/USD Price Analysis: More than 600 Corporations Interested in IOTA

Like the rest of the market, IOT/USD aggressive traders can begin loading at spot thanks to Nov 4 close above the minor resistance trend line. But, the real impetus is the effort by the IOTA Foundation to create avenues where corporations can easily integrate and make use of Tangle. Latest IOTA News That IOTA has a lot of user cases is true. No doubt, the demand for IOTA’s tangle is high. As a matter of fact, in the last 12 months, more than 600 organizations have shown their interest according to David Sønstebø, the founder of IOTA. And it is not even 2019, the year many say will see widespread adoption and actual use of blockchain platforms. Audi Think Tank & IOTA Foundation explore Tangle-based mobility use cases #Mobility — IOTA (@iotatoken) July 25, 2018 It is for this reason that players at IOTA are keen on expanding the ecosystem by bringing in more people working towards simplification. By that the IOTA Foundation plan to release more technical documentations, guides as they work towards creating a marketplace that redefine ownership, trust and value. You may also like: IOTA among Gainers as Markets Revisit its Car Insurance Plans David views the lack of third-party integrator as a major obstacle towards global adoption but once avenues open up and everything fall in place then IOTA shall take off. People, David asserts, need to take the initiative and learn basic programming as there is a gap to be filled. While IOTA is keen on global adoption, supporters can now buy and instead of keeping their coins at exchanges they can transfer them to their Ledger Nano S via Romeo or Trinity wallets. IOT/USD Price Analysis Weekly Chart As the market recover, it’s clear that IOTA is also finding strong support at the 40 cents-50 cents area. This zone could help propel IOT/USD prices back towards parity now that prices are down 95 percent from 2017 highs. This is likely but first, since prices are trending inside week ending Aug 12 high low, we need to see strong gains above 90 cents. When that prints, then bulls would officially be in charge and trading within a three-bar bullish reversal, morning star pattern off the psychological 50 cents mark. If not, then conservative, long term bag hodlers are better off staying on the sidelines as IOT/USD consolidate within a 40 cents range. Daily Chart Back to the daily chart and bulls seem to be in charge. In line with our previous IOT/USD trade plan, we recommend buying at spot now that prices are trading above the minor resistance trend line at the back of high trading volumes of Nov 4. Even though prices have been correcting in the last few days, we suggest buying at spot with stops at Oct 11 lows at 47 cents. While it is ideal for IOT/USD prices to break and close above 90 cents, conservative traders can begin buying once prices edge above 60 cents. This level marks Oct highs and the complete reversal of Oct 11 losses. All Charts Courtesy of Trading View Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision. IOT/USD Price Analysis: More than 600 Corporations Interested in IOTA was last modified: November 8th, 2018 by Dalmas NgetichThe post IOT/USD Price Analysis: More than 600 Corporations Interested in IOTA appeared first on NewsBTC.

6 days ago

Lessons Learned from the Biggest Crypto Hacks in History

As you may know, the cryptocurrency industry is extensively targeted by hackers. Unfortunately, attackers have been quite successful in this space with plenty of high-profile attacks targeting crypto services. In just the first half of 2018, $1.1 billion worth of cryptocurrency was stolen from victims. These hacks painted a gloomy picture of the security of blockchain-related services, and some had a huge impact on the whole industry. Let’s review the most significant breaches and then see what we’ve learned from those hacks. Coincheck - $532 million January 26, 2018, the Japanese cryptocurrency exchange Coincheck froze all withdrawals on its platform. At first, the company published a blog post stating that they had stopped all NEM deposits: “Depositing NEM on Coincheck is currently being restricted. Deposits made to your account will not be reflected in your balance, and we advise all users to refrain from making deposits until the restriction has been lifted,” Coincheck announced. However, soon after that, the cryptocurrency exchange extended the freeze to NEM sales and purchases, as well as all withdrawals - including crypto and fiat pairs. It turned out that the reason for the suspension of withdrawals on the exchange was due to a hack, which resulted in the loss of $534 million worth of NEM. This attack is still considered the largest heist in the crypto industry. In a press conference hosted soon after the hack, Coincheck provided the details of the attack, stating that the attackers succeeded because the stolen NEM was stored in a hot wallet. The hackers managed to steal the private keys for the wallet, successfully draining the funds into their own wallets. Mt.Gox - $473 million For crypto enthusiasts, this is the story you’ll tell your kids when you are teaching them how not to store their funds. The Mt.Gox hack - which took place in early 2014 - had by far the largest impact of all the attacks listed here as the market was much smaller then. At the time Mt.Gox was the number one cryptocurrency exchange, handling over 70% of Bitcoin transactions. On February 7, 2014, the cryptocurrency exchange temporarily stopped all BTC withdrawals, which was extended to all trading activities on February 24. After that, the website went offline. Mt.Gox took these steps due to a hack, which resulted in the loss of the customers’ 744,408 Bitcoins as well as 100,000 BTC belonging to the company. At the time, the total amount the hackers stole was valued at approximately $473. As of November 1, 2018, despite it having been a bear market since early this year, the total BTC stolen from Mt.Gox is worth over $5 billion. Due to this unfortunate hack, the cryptocurrency exchange declared bankruptcy on February 28, 2014. It was found that the reason the attackers succeeded was that the exchange stored most of the cryptocurrency that was stolen in a web-based hot wallet, which had a vulnerability that the hackers took advantage of. BitGrail - $195 million In February 2018, the Italian cryptocurrency exchange BitGrail announced that it had been hacked, losing approximately $195 million worth of Nano, the cryptocurrency formerly known as RaiBlocks. Nano could be considered as one of the most unfortunate cryptocurrencies of all time, as it had increased its value from $0.2 to roughly $10 surviving even in early 2018’s bear market. But the hack has affected the crypto badly as approximately 17 million of the coin were stolen from BitGrail. As of November 1, 2018, Nano’s price stands at nearly $2. In a blog post on the company’s website, BitGrail stated that their internal checks revealed that the 17 million Nano was stolen from wallets managed by the cryptocurrency exchange. On the same day the company discovered the loss, they reported the incident to the authorities, the statement said. Despite the fact that the cryptocurrency was stolen from the Italian exchange’s wallets, the company has started to blame the Nano development team for the incident. “[BitGrail is] pressing charges against you due to your irresponsible behavior,” Francesco Firano, the owner of BitGrail stated. According to Mr. Firano, due to the non-collaboration of the Nano dev team, his company was unable to recover the lost funds. On the other hand, according to a Medium post from the Nano team, BitGrail offered a controversial solution to recover the $195 million of stolen funds. The team stated that Mr. Firano suggested an option, in which the ledger of transactions had to be modified. Nano devs stated that this is an action that is not possible, and not a direction they wanted to pursue. We still don’t know for sure who was responsible for the incident, although there is currently a court case between Nano and BitGrail. Bitfinex - $72 million In August 2016, nearly $72 million worth of BTC (almost 120,000 Bitcoins) was stolen from Bitfinex. Due to the magnitude of the attack and the fact that Bitfinex did not publish the details of their internal inve

6 days ago

What is Ethereum Classic? Introduction To ETC

What Is Ethereum Classic? Ethereum Classic ETC is an Ethereum hard fork created to preserve the original Ethereum coding after The Decentralized Autonomous Organization (The DAO, an Ethereum-based project) was hacked. It caused a loss of over 6.2 million Ether and crippling decentralized application development. At block 1920000, Ethereum mining nodes were forked to return the stolen Ether, and the minority that continued running the original hacked ledger created Ethereum Classic. This makes ETC similar to Bitcoin forks like Bitcoin Cash in that its value will forever be tied to Ethereum, regardless of each project’s philosophical or technical differences down the line. It’s also not the only Ethereum fork, which include EtherZero, EthereumFog, Ether Gold, and EtherInc. And the upcoming Ethereum Casper update to Proof of Stake mining will almost certainly create another fork. ASIC mining companies like Bitmain, dApp projects like Cryptokitties, and even competitors like EOS ultimately depend on Ethereum. These simultaneous blockchain versions running can be seen similar to Microsoft supporting versions of its Windows OS all the way back to the original in special cases (such as satellites and equipment launched into space during those eras). In this context, having multiple versions running is a great toolkit for developers and users alike and expands on the Ethereum Foundation’s initial promise of a blockchain-based future. Before explaining the saga of how Ethereum Classic was created, let’s review ETC’s financial performance on the cryptocurrency market. ETC Crypto Market Performance ETC’s peak price so far was $45.98, which occured on January 14, 2018. As of November 8, 2018, the circulating supply is 105,884,447 ETC. Although Ethereum has no maximum supply, ETC does have a max of approximately 210,000,000 as of ECIP-1017. ETC is mined using a Proof-of-Work algorithm. Its initial creation is an epic story that’ll be explained in more detail below, but what’s important to know is the 2016 hack of The DAO created a split at block 1920000. Any ETH held at that point was awarded ETC, whereas the stolen ETH, which was converted to DAO was converted back to ETH at a rate of 100 DAO/1 ETH. Over $122 million worth of ETC is traded on a daily basis. Because most markets already supported ETH at the time of the fork, many still support ETC, including Bithumb, Coinbit, EXX, OKEx, RightBTC, Huobi, Binance, and many more. ETC trading pairs include ETH, BTC, USDT, XRP, and fiat currencies like USD and EUR. It remains in circulation because it’s so easily traded. Its ETH heritage also helps with ETC wallet available. ETC-compatible wallets include Ledger Nano S (Hardware), Jaxx (multiplatform), Coinomi (mobile), and ClassicEtherWallet (Web). So if ETC benefits so much from its Ethereum association (even though the Ethereum Foundation and the rest of the founding team largely chose ETH over ETC), why does ETC’s community support it so fervently? The answer is philosophical, and man’s philosophy overrides a lot of other virtues, morals, and ethics. Let’s review the background of this battle over the immutability of the blockchain ledger. How The DAO Hack Split the Biggest Blockchain Community Because it was first to market with a blockchain-based smart contract platform, the Ethereum Foundation, led by Vitalik Buterin, had to cover a lot of ground to jumpstart dApp development. The proprietary Solidity programming language had to be learned and adapted for use with other languages. Real value and ROI needed to be shown. Ethereum is known today as a popular ICO platform, but to get there, it needed to create a project to show proof of concept. The DAO raised $150 million worth of ETH to fund these projects. This ETH supply was converted to DAO, the proprietary Ethereum-based token created for The DAO. Unfortunately, over $50 million of it was illegally drained during a June 2016 hacker exploit of the DAO-ETH exchange system. Ethereum’s price plummeted in the aftermath, and the hard fork was proposed to prevent the Denial of Service (DoS) attack that could result from a soft fork. The purpose of the fork was to return the DAO money to its rightful owners at a rate of 100 DAO to 1 ETH. While the majority of the community agreed with this method of saving face, some protested changing the ledger. The integrity and immutability of the decentralized ledger is what made the blockchain so attractive to some. This fork went against their philosophical beliefs, so some nodes refused the update. On a philosophical level, the difference between ETC and ETH is that ETC represents a belief in truth, while ETH represents a belief in justice. Both have a place, but they’re both also facing massive competition from more advanced blockchain projects. Developers are using it, however, so Ethereum Classic is neither vaporware nor a ghost town. It also has technical support from the community and developers providing open-source updat

7 days ago

Altcoin Price Analysis: EOS/USD and LTC/USD Slow Down As Traders Buy Dips

Even if yesterday’s upsides were limited, altcoins are technically bullish and should print higher as the week come to a close. In that case we expect ADA/USD and XLM/USD traders to buy at spot prices with stops at immediate support. As this prints, EOS/USD, LTC/USD and XMR/USD traders should maintain a neutral position until close above immediate resistance lines triggering bulls. Let’s have a look at these charts: EOS/USD Price Analysis Following expansions of Nov 6, yesterday’s price action was expected. But, it shouldn’t be a cause of concern since price range is tight and trading in the upper half of Nov 6 bar. Because of that we recommend prices to expand in days to come and as such savvy, risk off type of traders can begin buying at spot with first targets at $7 and later $9. However, on a more cautious approach, patient traders can wait for movements above $7 in line with our previous EOS/USD trade plan. LTC/USD Price Analysis Despite yesterdays slow down, LTC/USD is technically bullish and likely to close above the resistance trend line connecting the last month’s highs. Like in our last Litecoin price analysis, our trade plan anchors on expansion above the $60 igniting short term bulls aiming for $70 and later $90. Before all of these happen, we need to see relentless buy volumes. If not then it is likely that prices would end up sliding below $50 dashing bullish expectations as sellers reverse this week’s gains. Going forward, we shall adopt a conservative approach with risk-off traders entering buys only when LTC/USD close above $60 or the minor resistance line signaling the complete reversal of Oct 11 losses. XLM/USD Price Analysis is getting philanthropic and is gifting away 500 million Lumens in what the stellar foundation say is one of the largest Air-drop so far. The biggest #crypto airdrop—we are distributing $125M of Stellar XLM to our users to build on the crypto revolution. Sign up for the waitlist! — Blockchain (@blockchain) November 6, 2018 As an established wallet provider offering similar safe storage services for Bitcoin and other liquid coins, this gesture is meant to spur widespread adoption as they build a strong community paying and even transacting using digital assets in their normal routine. The main objective here is to onboard clients and reward subscribers who not only sign up but end up verifying their accounts on site. Back to price action and Stellar Lumens is trading above the 25 cents buy trigger line meaning our last XLM/USD trade plan is solid despite the airdrop. More often than not, airdrops cause prices to sink because recipient often liquidate their holdings preventing further upsides. But, even if XLM bulls slow down, there is an opportunity for traders to buy at spot with first targets at 30 cents. This resistance level is important in our analysis and as long as prices trade below it then XLM/USD is basically consolidation mode. All we need are strong surges breaking and closing above 30 cents if XLM/USD traders need to see prices race towards 50 cents. ADA/USD Price Analysis In the next Daedalus 0.11.1 which will accompany Cardano 1.3.1, IOHK will enable Linux beta testing for those users willing to run the script on their terminal. What’s even interesting is that in the course of the month there this new wallet version shall allow integration with Ledger Nano S. As before, we recommend traders to fill their ADA coin bags by buying at spot with first targets at 12 cents. This level is an important resistance-previous support line and any rally above this level mean the bear break out trade of early August no longer hold as bulls set their sight on 20 cents and later 40 cents. At the moment, fitting stops will be at 7.5 cents with short term targets at 9.5 cents as laid out in previous ADA/USD trade plan. XMR/USD Price Analysis Unlike most coins where gains are massive, Monero’s are tight adding nine percent in the last week. It is stable in the last day and gains are capped by $120 which also mark the highs of Oct 11 losses. Though we remain optimistic now that the market is generally expanding, we need to see solid moves above $120 or even $130 assuring traders that buyers are in full control. That mean XMR/USD prices must first bolt and close above Oct 15 highs. Before then, we suggest taking a neutral stand as XMR/USD oscillates within a tight $20 range. All charts Courtesy of Trading View Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision. The post Altcoin Price Analysis: EOS/USD and LTC/USD Slow Down As Traders Buy Dips appeared first on NewsBTC.

8 days ago

Daily Berminal Brief: Bitcoin Rallies to $6,615 and Bitcoin Cash Pumps Before Next Week’s Hard Fork

The State of The Market — November 7, 2018 BTC: $6,528.88 (+1.32%) ETH: $218.08 (+1.60%) XRP: $0.5338 (+0.96%) The cryptocurrency market is holding on to yesterday’s gains and Bitcoin now trades slightly above $6,500 after topping out at $6,615 yesterday. Ethereum surprised investors by rallying to $225 and currently the altcoin trades above $215. XRP also continued to gain and now trades above $0.50. Currently, the total market cap is $219 billion. In other news, Bitcoin Cash (BCH) surged above $600 as its November 15 hard fork approaches and a report from the Blockchain Transparency Institute found that cryptocurrency exchanges continue to ‘massively inflate volume’ and exploit small cap coins. 1) A number of cryptocurrency exchanges have reportedly cut ties with Iran after the U.S. imposed tougher economic sanctions against the Islamic Republic. The measures will make it harder for Iranians to trade cryptocurrency across borders and Binance and Bittrex are among the exchanges that will no longer offer service to citizens of Iran. Reports suggest that the Trump Administration imposed the first round of sanctions in July and the U.S government allegedly confiscated nearly $6 million worth of Iranian-owned BTC. Tehran is reported to be developing a state cryptocurrency to compensate for the economic squeeze. 2) US financial authorities are set to seize $1.2 Billion from Deltec Bank for helping Venezuelan President Nicolas Maduro launder money. Deltec was recently revealed as Tether’s official banking partner after weeks of uncertainty about USDT’s future. Abraham Edgardo Ortega, the former financial chief executive of Petroleos de Venezuela, S.A., revealed the details after entering a plea bargain with the U.S. government. While Tether’s price is back to $1.00 on some exchanges, Deltec’s problems could affect the price once again. 3) Keeping up with its promise of adding support for new cryptocurrencies on the first Tuesday of every month, Ledger has added 6 new cryptocurrencies on the Ledger Nano S and 4 new cryptocurrencies for the Ledger Blue. Lisk, Factom, MIX, Music Coin, GameCredits and EtherGem will be added to Ledger Nano S, while only the last 4 are coming to Ledger Blue. The new cryptocurrencies were deployed by their respective communities, bringing the number of third-party developed apps to 32 this year. Just last week, Ledger also added support for IOTA. (RS)

8 days ago

Ledger Adds Support For 6 New Cryptocurrencies On Its Hardware Wallet

Keeping up with its promise of adding support for new cryptocurrencies on the first Tuesday of every month, Ledger has added 6 new cryptocurrencies on Ledger Nano S and 4 new cryptocurrencies for the Ledger Blue. Lisk, Factom, MIX, Music Coin, GameCredits and EtherGem will be added to Ledger Nano S, while only the last 4 are coming to Ledger Blue. The new cryptocurrencies were deployed by their respective communities, bringing the number of third-party developed apps to 32 this year. Just last week, Ledger also added support for IOTA. (VS)

9 days ago

📣 We’re excited to announce that #Lisk is now available on L...

📣 We’re excited to announce that #Lisk is now available on Ledger Nano S. This #cryptocurrency hardware wallet enab…

9 days ago

KuCoin Cryptocurrency Exchange Lists Fantom (FTM) Token Today

KuCoin has been developed and founded by young, aspiring tech experts that have recognized the excellent advantage of blockchain to the world that heads to the creation of an exceptional cryptocurrency trading platform. Their challenging journey has earned them into becoming specialists in the blockchain technology. The secure network, state-of-the-art system, and the advanced customer service support make their platform as the few leading crypto markets currently. And today, Fantom’s listing of FTM token is another proof of how reliable and secure their platform to both partner and users. FTM is now available for deposits with trading pairs including FTM/BTC and FTM/ETH. Buying order commences at 17:30 (UTC+8), while Selling order at 18:00 October 30, 2018 (UTC+8), and Withdrawal at 20:00 (UTC+8). About Fantom (FTM) Fantom strives to be the world’s first Directed Acrylic Graph (DAG) based smart contract platform that resolves the concern of scalability and confirmation time of the current blockchain technology. The aim is to produce safe and fast transactions (300,000 transactions per second) by an open-source and permissionless platform. The plan aims to develop on newer blockchain platforms that are also DAG-based such as IOTA, Nano, Byteball, and Hedero Hashgraph. These platforms update on current blockchain scalability as nodes are created to process transactions asynchronously. Because each transaction is connected to another and there are no miners in the system, as more nodes engage in the network, the number of transactions treated per second increases. Fantom distinguishes itself by incorporating smart contract dApp infrastructure into a DAG-based platform so that it extends instant payment, near zero cost (transaction fees will be under $0.01 from one wallet to another), and endless processing scalability. Key features of the platform: The OPERA Chain: Rather than blocks, the OPERA Chain processes events asynchronously without being accepted by miners. Apps developed on top of the OPERA Chain benefit from instant transactions and minimal transaction costs. The Lachesis Protocol: A new protocol that maintains consensus within the network. Story Data: Historical information is independently managed through Story Data. Every transaction and smart contract function can store data for tracking and supply chain management. For more information about Fantom please visit Images courtesy of KuCoin The post KuCoin Cryptocurrency Exchange Lists Fantom (FTM) Token Today appeared first on Live Bitcoin News.

9 days ago

📣 As previously announced, on Nov 14 12:00PM CET we will be ...

📣 As previously announced, on Nov 14 12:00PM CET we will be discontinuing the support of Nano and focusing our effo…

10 days ago

IOTA Now Compatible with the Ledger Hardware Wallets, MIOTA Can be Stored on Nano S

CoinSpeaker IOTA Now Compatible with the Ledger Hardware Wallets, MIOTA Can be Stored on Nano S The Ledger hardware wallets integrate with the IOTA Trinity (which they introduced in May), and Romeo Wallets and isolate user’s seeds (the key for their account) from their computer or smartphone, providing another layer of security from hackers. Users will be able to validate transactions on their Ledger hardware wallet as part of the security protocol. The Ledger Nano S hardware wallet will enable users to protect the private keys giving access to their IOTA tokens in a state-of-the-art secure chip. Ledger CEO Eric Larchevêque explained that: “Providing the highest level of security and quality is a major focus at both Ledger and IOTA. The collaboration between the teams created an immediate synergy focused on developing a compatibility feature that allows users to access, store and manage IOTA tokens on Ledger devices.” He also assured that they are committed to offering the most secure and usable standalone virtual wallet, and that Trinity will fulfill such commitment. Larchevêque welcomed IOTA to the Ledger platform and emphasized that both Ledger and IOTA are focused on offering their users the highest level of quality and security possible. IOTA is said to aim for scalability and free transactions, as well as Internet of Things (IoT) application. Just for the reminder, there are some 31 billion devices that rely on the Internet of Things (IoT) in the world and that number is growing exponentially, with millions of more new sensors added every week, as the planet becomes ever-more connected. MIOTA was among a top twenty cryptocurrency in terms of market cap, via In June they launched on Bitfinex Exchange and hit the record breaking $1.8 billion market cap. It was memorable because the first two hours of IOTA trading was more than double the USD volume and ten times greater than the BTC volume of the last token we released, Ripple, over the course of its full trading day. Co-founder of the IOTA Foundation David Sønstebø confirmed that hardware wallets are regarded as the safest way to store cryptocurrencies. “At IOTA, we made a commitment to delivering the safest and most usable standalone cryptocurrency wallet. The Trinity wallet is well on its way to fulfilling that commitment, and today we are proud to announce the next step on the journey,” he said. “Ledger has earned a strong reputation for security and reliability, and this made it a natural choice for integration with Trinity. We are proud of how our community, the IOTA developers and the Ledger team have worked together to make this possible.” Last month, the company announced its expansion to Hong Kong and the appointment of Benjamin Soong as the Head of Asia Pacific (APAC). Eric Larchevêque, CEO at Ledger then said: “Providing the highest level of security and quality is a major focus at both Ledger and IOTA. The collaboration between the teams created an immediate synergy concentrated on developing a compatibility feature allowing users to access, store and manage IOTA tokens on Ledger devices. We are thrilled to welcome IOTA onto the Ledger platform.” Ledger was founded in 2014 and has earned a reputation of being a security leader in the crypto industry. The IOTA Foundation is a not-for-profit corporation registered in Germany and is known for supporting the development of the IOTA Tangle, an innovative type DLT designed to cater to the Internet of Things (IoT) industry. IOTA, currently ranked #12 by market cap, is up 1.5% over the past 24 hours. IOT has a market cap of $1.34B with a 24 hour volume of $6.14M. Partnering with Three Major Industry Giants In September, three big multinationals: Bosch, Volkswagen, and Fujitsu said to collaborate with IOTA to use its Tangle Technology to automate their products and services. To interact with the IOTA Tangle technology, Bosch unveiled its new sensor XDK or Cross Domain Development Kit at the end of 2017. These sensors would instantly update Bosch products with new changes thereby taking automation to a new level. While describing its vision for the Internet of Things, Bosch said: “The magic quality of the IoT is the connected world it makes possible: a world that’s getting bigger as the technologies linking devices become smaller, cheaper and faster.” IOTA then also announced the upcoming release of real-world integration with vehicle manufacturer Volkswagen. The Digital CarPass, set to be released in 2019, will see performance data tracked via IOTA blockchain technology to ensure vehicle data collection is reliable and secure. With Japanese Fujitsu they announced developing a new blockchain based audit trail system. The premise of this partnership is to use the IOTA ecosystem as a mode of storage that can enable this nuwave audit trail, in the process, it will be designed to improve transparency for customers, will develop a real trust in data (something that is very important) a

10 days ago

Daily Cryptocurrency News - 2nd November 2018

Here are the latest most important cryptocurrency news on November 2, 2018: Ukraine New Policy Aims Towards Legalizing Cryptocurrencies Source: Influencive At the same time some governments are banning cryptocurrencies or thinking about what to do with them, the Ukraine government has made a decision. The Economic Development and Trade Ministry has enacted a new state policy. This new policy will aim towards cryptocurrencies becoming legal in the region. Moreover, after announcing this policy, officials presented an outline of their goals for this policy. They mentioned that they want to create understandable conditions for conducting activities in the field of assets and virtual currencies. Also, they said that they aim at increasing cryptocurrency adoption levels in Ukraine. There will be two stages to the implementation of this new state policy. The government expects to have this policy in full effect by 2021. The first stage will focus on 2018 - 2019. In this stage, the government will provide a legal definition on the status of cryptocurrencies; the recognition of cryptocurrency exchanges that facilitate the trading of virtual currencies to fiat currencies (or vice versa); and analysis and monitoring of trends and problems in the crypto market. Furthermore, this will be used to develop proposals for the development of the regulation. Finally, the second stage, which will run from 2020 - 2021 will see the recognition of cryptocurrency exchanges. It will also see the “development of special legislative acts on the regulation” of crypto assets and smart contracts. Ethereum’s “Serenity” Upgrade Will Trigger a 1000x Increase in Scalability, said Buterin Serenity, the planned Ethereum upgrade known as 2.0 has a new expectation. It will trigger an increase of 1000x in scalability, said Ethereum co-founder Vitalik Buterin at Devcon4 in Prague. Also, this article published by Breakermag on October 31, 2018, adds that the scheduled upgrade will additionally make the Ethereum network more secure, faster, and less energy intensive. Furthermore, the release of Serenity will be divided into four-phases and will commence with “phase zero” The initial version with proof-of-stake beacon chain A simplified version of Serenity with limited features (no smart contracts or money transfers from one shard to another) An amplified version of Serenity with cross-shard communication. Users will be able to send funds and messages across different shards The final version with various tweaks and optimized features You can now store IOTA on your Ledger Hardware Wallet Image Source: Ledger Nano S Wallet The IOTA Foundation, a non-profit foundation focused on distributed ledger technology and permissionless ecosystem development, has made an announcement. From now on, IOTA will be collaborating with Ledger, a cryptocurrency and blockchain security leader. The purpose of this collaboration is to integrate IOTA tokens with Ledger’s secure hardware wallets for cryptocurrency. The Ledger Nano S hardware wallet will allow users to protect their private keys which store their IOTA tokens in a secure chip. In addition, the Ledger hardware wallets integrate with the IOTA Trinity and Romeo Wallets and isolate user’s seeds (the key for their account) from their computer or smartphone. Therefore, there will be an extra layer of security from hackers. Furthermore, users will be able to validate transactions on their Ledger hardware wallet as part of the security protocol. Also, for Eric Larchevêque, CEO at Ledger, it is essential to provide the highest level of security and quality. “The collaboration between the teams created an immediate synergy concentrated on developing a compatibility feature allowing users to access, store and manage IOTA tokens on Ledger devices. We are thrilled to welcome IOTA onto the Ledger platform.” About Ledger Founded in 2014, Ledger is a leader in security and infrastructure solutions in the blockchain. Headquartered in Paris and San Francisco, Ledger has a team of 200 professionals developing a variety of products and services to protect cryptocurrency assets for individuals and companies. Additionally, this includes the Ledger hardware wallets line already sold in 165 countries. Are you interested in the Ledger Nano S hardware wallet? You can buy one here in this link. Ron Paul, an Ex-Bitcoin Skeptic, Says Cryptocurrency Could Prevent Recession Image Source: Washington Examiner Retired US Congressman Ron Paul, a one-time bitcoin skeptic, called for a tax exemption on all cryptocurrencies, saying the move could prevent an economic recession. Moreover, Paul criticized the central bank, saying government-created currency could lead to what he calls a “Fed-created recession.” He made the suggestion in a recent blog post entitled “Trump Is Right, the Fed Is Crazy.” Moreover, In the post, he blasted the Federal Reserve for manipulating interest rates. Paul said central banks constantly increase and decrease the

10 days ago

Altcoins Price Analysis: ADA/USD and IOT/USD Bull Breakout Pattern

As EOS bull momentum slow down, ADA/USD and IOT/USD are trading within a bull break out pattern and it is likely that prices will race towards immediate targets at 9.5 cents and 90 cents. Should there be higher highs today in these two pairs as EOS/USD and XLM/USD consolidate then it points to an existing undervaluation. In that case traders should buy EOS, Litecoin and Stellar Lumens with expectations of higher highs. Let’s have a look at these charts: EOS/USD Price Analysis We are thrilled to announce that our Cross-Blockchain Decentralized Liquidity Network, #BancorX, has officially been pushed live — enabling automated token conversions between 110+ ERC20 and EOS-based tokens. — Bancor (@Bancor) November 5, 2018 Finally, the partnership between EOS and Bancor is now complete. Going forward, it will be possible to swap tokens between EOS and Ethereum blockchain networks via Bancor’s own BancorX. The dApp allow cross-chain token swaps without the need of transacting via exchanges thanks to Bancor’s BNT. Overly, this should be positive and a step towards creating this huge web of possibilities where there is seamless exchange of tokens empowering users. Back to price action and EOS/USD is pretty stable in the last day. Prices are up 0.3 percent but still trading inside Nov 4 high low. Considering our previous EOS/USD trade plan, we suggest traders to practice patience only buying EOS once prices edge past Oct 15 highs or $6 triggering short term buys aiming for $7. On the reverse side, losses that fade Nov 4 gains dropping below $5 or Oct 15 lows and area of minor support could mean the resumption of bears as set by Oct 11 losses. LTC/USD Price Analysis By printing and closing above $50, LTC/USD is technically bullish. In fact, yesterday’s correction and failure to close above Nov 4 highs is but a confirmation of bulls since volumes are thin while trade range is tight. If anything, aggressive bulls should load up at spot prices with stops at $50. On the other hand, risk-on, conservative type of traders should wait for breaches above $60 or $70 before igniting bulls aiming for $90 and later $110. XLM/USD Price Analysis Two things are clear, Oct 11 bears still has an effect of price because prices are yet to recoup losses. Secondly, we retain a bearish outlook as long as prices are trending below the minor resistance line and buy trigger at 30 cents. Notice that even in the midst of these higher highs ignited by bullish events of BCH lifting the crypto market with it, XLM/USD is actually consolidating inside a 15 cents range with resistance at 30 cents. It is for this reason that we insist that bulls would be in charge once there are convincing breaks and close above 30 cents. Before then risk-off traders can begin buying at spot with stops at Oct 31 bull pin bar with first targets at 30 cents. If bull momentum is strong and there is a rally, then first ambitious target will be at 50 cents. ADA/USD Price Analysis At the back of solid volumes signaling bullish resumption, the follow through has been weak. But, considering the volumes behind Nov 4 bull bar, the break and close above the minor resistance trend line we recommend buying at spot prices with first targets at 9.5 cents. However, on a more cautious approach, buyers should wait for a move above Sep highs at 95 cents. Thereafter, traders should buy on dips with first targets at 12 cents—an important resistance and buy trigger line, and later 20 cents. IOT/USD Price Analysis Luca Moser and Andrew Brough are the newest members of the IOTA Foundation. Great & exciting news! The Ledger Nano S now supports @iotatoken. The #IOTA application has been developed by the IOTA community and is now available to download on Ledger Live. Read more about it here: — Ledger (@LedgerHQ) November 2, 2018 Their membership coincides with Ledger Nano S offering support for IOTA. Moving on, investors can easily link their Ledger Nano S with IOTA Trinity and Romeo wallet. Price wise and IOTA is bullish. Not only do we have a bullish breakout pattern after Nov 4 rally, but Nov 4 bull bar did complete a three-bar bullish reversal pattern gradually reversing losses of Oct 11. Like in our previous IOT/USD trade plan, conservative traders need to wait for solid moves above 60 cents triggering bulls. Thereafter first targets would be at 90 cents—an important resistance line. However, traders can still take advantage of recent break above resistance and trade with stops at 44 cents. First targets would be 60 cents and later 90 cents. Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision. The post Altcoins Price Analysis: ADA/USD and IOT/USD Bull Breakout Pattern appeared first on NewsBTC.

10 days ago

Ledger Nano S Partners with IOTA

IOTA Foundation, a non-profit firm that focuses on DLT and permissionless ecosystem development recently collaborated with Ledger. This partnership will see Ledger incorporate IOTA tokens into its secure hardware crypto wallets. Ledger confirmed the partnership on November 2 by saying the IOTA application was available to download on Ledger Live. Per IOTA’s press release, the Ledger Nano S Hardware Wallet would enable users to secure their private keys giving access to their IOTA tokens in a state-of-the-art secure chip. Ledger’s CEO, Eric Larcheveque said the partnership seeks to provide the highest level of security. (KE)

12 days ago

Ledger Launches Limited Edition Wallet To Celebrate 10 Years Of Bitcoin

Ledger has announced a limited edition Ledger Nano S 'White Paper Edition' to celebrate the 10 year anniversary of Bitcoin. 10 years ago, an anonymous Satoshi Nakamoto published the white paper, “Bitcoin: A Peer-to-Peer Electronic Cash System,” which laid the foundation for the entire cryptocurrency industry. To celebrate the milestone, the limited edition wallet comes in a white casing instead of the usual black one, and custom engravement. It also comes in a special box made for the occasion and is limited to 5,000 units. The special edition wallet is available on Ledger's website for $99. (VS)

14 days ago

Ledger Appoints Benjamin Soong as Head of APAC at New Hong Kong Office

Crypto hardware wallet maker Ledger has recently opened a new office in Hong Kong to establish a global presence. The office will be led by Benjamin Soong, who has been named the head of Asia Pacific (APAC) region for the company. Meeting Global Demand Ledger’s dominance in the crypto asset protection market is growing, and the company is seeking new measures to meet its global demand. Soong’s presence in Hong Kong will help the company in meeting the increasing demand for their popular crypto hardware wallet Ledger Nano S and the multi-authorization cryptocurrency self-custody management solution Ledger Vault. Soong will look after all the APAC operations for the company. Soong has over two decades of experience in operations, business development and sales. He was working with S&P Global Market Intelligence as managing director, head of Asia Pacific Sales. He was earlier employed with Deloitte and KPMG. Ledger president Pascal Gauthier welcomed Soong to the team, saying that he will play a crucial role in helping the company grow in the APAC region. He also noted that Soong’s experience in the region would also help Ledger leverage future opportunities. Commenting on the importance of the APAC region, he said: “APAC is a key market that has seen increased demand. With Benjamin at the helm, we are confident we can deliver top security for both consumers and financial institutions to protect their crypto assets.” Soong’s Vision for Blockchain and Cryptocurrencies Talking about the role that blockchains will play in evolving the financial system, Soong emphasized that it is important for investors and institutions to adapt to the new risks that this technology poses. He said: “Secure storage of large multi-cryptocurrency funds is a highly complex challenge that cannot be solved by just implementing procedures. Institutions are looking for safer storage options along with integrated governance policies, but don’t want to sacrifice operational efficiency — with our technology; investors don’t have to compromise.” In addition to this, he reiterated that crypto has taken off in the Asian markets and the new Hong Kong office of the company will help it to grow rapidly. He also revealed plans to expand to Seoul, Singapore, and Tokyo. Ledger Appoints Benjamin Soong as Head of APAC at New Hong Kong Office was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

15 days ago

Startling Data From Blokt Reveals More Than 6% of Bitcoin Supply Stolen

Many reports have cited the numerous cryptocurrency thefts over the past few years, but now the number of stolen cryptocurrencies in relation to their total issued circulation has been put into a league table. Greg Adams, Managing Director of, a blockchain and cryptocurrency news publication, accepted the challenge from Nick Ogden, the founder of ClearBank®, to collate the data relating to cryptocurrency theft. Supply and Defraud Total Stolen Cryptocurrency (% of Supply) The data reveals that over 6% of the circulating supply of Bitcoin has been stolen at some point in time. Other coins fair even worse, such as NANO, which touts itself as a “fast and free way to pay for everything,” having an excess of 12% of its total supply stolen. Adams said: “The data is staggering and should serve as a wake-up call to those parties in the sector who are handling significant amounts of crypto. It is clear that the vast majority of funds are stolen from exchanges via hacks. The industry is beginning to mature, and there is no excuse for bad security practices on the part of exchanges. Users need to be extremely vigilant concerning the exchanges they do business with and should never allow an exchange to hold their coins when not actively trading. Hardware wallets are an absolute must for serious cryptocurrency users or investors.” Exchanges in the Crosshairs Stolen Cryptocurrency Victims (by Number of Thefts) The data reveals that almost 60% of all funds stolen are taken from cryptocurrency exchanges, with 70% of the funds stolen via hacks. The second most common form of theft is armed robbery, which suggests users themselves need to be security conscious, particularly if they admit publicly they hold or invest in cryptocurrencies. Stolen Cryptocurrency Types of Theft (By Number of Thefts) Nick Ogden commented: “At every conference, we hear about cryptocurrency and the risks and rewards, and it struck me that to be able to gauge the level of crypto coinage in circulation that had been stolen and compare that to the equivalent in Fiat currency would be interesting. Greg rose to the challenge and our league table has been produced - the results show a challenging picture. Over the next few months, we will track this to see if any trends emerge, but the information is very useful for Banks looking at the risks associated with providing fiat banking services to crypto exchanges and ICO activities.” Ogden shared the information in the table with The Bank of England last week. Adams suggests that the big picture might be much worse than the data reveals, stating: “While our data is useful, it is somewhat incomplete. Many cryptocurrency hacks and thefts would go unreported by the media. Users likely report the theft to their local police or simply write off the loss without informing the media. There’s no way to know exactly how much cryptocurrency has been stolen, but it’s safe to assume that the amounts involved are far more than the data shows.” Startling Data From Blokt Reveals More Than 6% of Bitcoin Supply Stolen was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

15 days ago

The Daily: Consensys Acquires Planetary Resources, New Zealand Backs Crypto RD

In today’s edition of The Daily, we look at a company that has decided to expand from the cryptocurrency space into outer space by buying a venture focused on mining asteroids. We also cover an investment platform that has secured R&D funding from a government agency, as well as a limited-edition hardware wallet. Also Read: Bitcoin Trader Faces Five Years in Jail for Unlicensed Money Business Struggling Space Startup Consensys, the software company established by Ethereum co-founder Joseph Lubin, has acquired struggling space startup Planetary Resources. The New York-based company said it will now operate its “space initiatives” out of Planetary Resources’ former facility in Redmond, Washington. The two sides did not share the financial details of the asset-purchase transaction, but it is safe to assume Consensys didn’t pay a lot. When Planetary Resources was launched in 2012, the company promised to usher in an age of private entrepreneurship in the solar system. It said that it planned to expand humanity’s access to metals and minerals worth trillions of dollars and received the backing of many notable tech figures, such as Google’s Larry Page and Eric Schmidt. However, by the start of this year, the company had failed to secure much-needed additional funding, leading to its decision to downsize its workforce and indefinitely delay its first asteroid-prospecting mission. Now it will be up to Lubin to prove he can become the Elon Musk of the cryptocurrency world by reviving Planetary Resources. “Bringing deep space capabilities into the Consensys ecosystem reflects our belief in the potential for Ethereum to help humanity craft new societal rule systems through automated trust and guaranteed execution,” Lubin said. “And it reflects our belief in democratizing and decentralizing space endeavors to unite our species and unlock untapped human potential. We look forward to sharing our plans and how to join us on this journey in the months ahead.” Callaghan Innovation Supports Vimba Auckland-based cryptocurrency investment platform Mycryptosaver has announced it is changing its name to Vimba. The rebranding decision coincides with the announcement that the New Zealand government’s innovation arm, Callaghan Innovation, has agreed to back Vimba with R&D funding. The startup, which was originally founded as Mybitcoinsaver back in 2014, now claims to have 5,616 clients. “This is a truly significant investment from Callaghan Innovation and a real show of faith in the future of this very exciting asset class,” Vimba CEO Sam Blackmore said. “The money will go towards new key features for our expanding service. We will use it to build secure multi-signature crypto wallets for our users and we’re also looking into expanding the range of cryptocurrencies available to them — beyond bitcoin and ethereum.” After the investment was announced earlier this week, controversy erupted over reports that the government had spent taxpayers’ money on a Bitcoin company. However, Vimba soon issued a clarification stating that Callaghan Innovation had only approved a grant for 40 percent of the estimated cost of one of its projects, which was valued at roughly 315,000 New Zealand dollars in total. 10-Year Bitcoinniversary Memorabilia Yesterday the cryptocurrency ecosystem celebrated the passage of 10 years since Satoshi Nakamoto announced the publication of the Bitcoin whitepaper. Hardware wallet manufacturer Ledger hardware wallet choose to mark the occasion by unveiling a new limited-edition device. “The Ledger Nano S - White Paper Edition is meant as an homage to this iconic date, with its white casing and special engraving,” the company said. “Offering the same features as our standard device, it comes with the original whitepaper, in a made-for-the-occasion box.” Crypto Is a Double-Edged Sword for Iranian Regime According to reports from Iran, the head of the country’s Passive Defense Organization, Brigadier General Gholamreza Jalali, described cryptocurrency as a double-edged sword for the regime in a recent TV interview. Unsurprisingly, the government wants to use the technology to bypass international financial sanctions, but fears it could also loosen its control of the economic activities of its citizens. Jalali said that “cryptocurrencies are untraceable in the financial and monetary system of each country, but internationally they can provide us with great opportunities. Cryptocurrencies can help bypass certain sanctions through untraceable banking operations.” He further called for the creation of a national Iranian cryptocurrency. “Our major problem here is the U.S. dollar, because the United States uses its national currency to control any country’s SWIFT operations,” the general added. “So we should reduce dependence on the dollar and replace it with another currency.” What do you think about today’s news tidbits? Share your thoughts in the comments section below. Images courtesy of Shutterstock. Verify and track bit

15 days ago

Huobi to List Nano (NANO)

The cryptocurrency exchange of Huobi has announced that it will be listing Nano (NANO) on its platform effective today, October 31st, at 4:30 pm (GMT + 8). During this time, the exchange will enable deposits of NANO and trading will become fully available on the following day at 5pm (GMT + 8). The announcement went on to add the following information with regards to pairing of the digital asset with other base cryptocurrencies. Dear users, Nano (NANO) will be launched on Huobi Global on October 31, 2018 (GMT+8). Deposits will be available from 16:30, October 31, 2018 (GMT+8). NANO/BTC and NANO/ETH trading will be available from 17:00, November 01, 2018 (GMT+8). Withdrawals will be available from 16:30, November 04, 2018 (GMT+8). Weeks of Speculation that Huobi Would List NANO The official announcement from the exchange ends weeks of speculation within the crypto community, that NANO was the next big digital asset to be added onto the platform. Evidence of this can be seen in the following tweet that dates back to October 18th. There is a strong rumour that Huobi will list #NANO. — DudeSignals (@Dudesignals) October 18, 2018 Recent NANO News Also on the 18th of October, Ethereum World News had notified the crypto community that NANO had proven to be the fastest digital asset when sending funds to the popular exchange of Binance. Nano had beaten other fan favorites such as Stellar (XLM) and XRP. This is however not surprising given that the Nano network is built to complete transactions immediately. The network also has zero fees when carrying out transactions. Nano is also over 1,000 times faster than Bitcoin when confirming transactions. What are your thoughts on Huobi listing NANO? Were you aware of the possibility of the exchange listing the digital asset? Please let us know in the comment section below. Disclaimer: This article is not meant to give financial advice. Any opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Huobi to List Nano (NANO) appeared first on Ethereum World News.

16 days ago

Crypto Wallet Producer Ledger to Support More Stablecoins , Expands Tether Usability

CoinSpeaker Crypto Wallet Producer Ledger to Support More Stablecoins , Expands Tether Usability Stablecoins, or in other words digital assets designed to minimize the price volatility being pegged to some stable assets including fiat currencies or exchange traded commodities, have been gaining popularity over the last years. Having realized this constantly growing demand for crypto assets with stable values, Ledger, the hardware cryptocurrency wallet maker, has taken a decision to add support for more stablecoins and to expand application of Tether (USDT) across all its products and services. Moreover, the company has announced expanding its presence to the Asia Pacific region, opening its office in Hong Kong. Ledger’s Support for Stablecoins At the current moment, Ledger has added support for Tether to its two handheld storage products: the Ledger Nano and Ledger Blue. However, they it has plans to increase the usability of this U.S. dollar-linked cryptocurrency across all their products and services. As it has been revealed, Ledger is going to add support for stablecoins to its Ledger Vault service, a multi-authorization cryptocurrency self-custody management solution which provides companies with IT infrastructure to manage their cryptos. As a result, custodians, asset managers and traditional financial services firmswill have a possibility to store and trade their digital assets. Some upgrades may be also introduced for the company’s Ledger Nano S, the most popular crypto hardware wallet in the world. The wallet is built off the same infrastructure as the Ledger Vault, supports more than 40 cryptocurrencies and allows users to check their accounts, send and receive cryptocurrency payments with minimized risks. Activity in the Asia Pacific Region As we have already mentioned now the company has its presence in Hong Kong. Benjamin Soong has been named as Head of Asia Pacific (APAC). The region has its specificity. Moreover, the increased company’s interest to stablecoins is partially related to a very positive attitude towards this kind of assets from the side of investors and traders namely in this region. While due to USDT’s recent loss of parity with the dollar a lot of concerns about the stablecoins reserves have been voiced, its supporters in the Asia Pacific region haven’t lost trust in it. Their demand for it is still very high. Speaking about the popularity of stablecoins in this region, Soong said: “One thing that is slightly unique in China and South Korea is the demand for USDT since both of those countries have capital controls, in terms of your ability to move currency out of the country.” Moreover, Soong also spoke about the company’s further plansfor growth and development: “We expect to grow quickly, and have already targeted future office expansion, including Tokyo, Seoul and Singapore. I look forward to building a world-class team that will help us accelerate our growth across Asia Pacific.” Other Projects and Innovations Ledger is one of the companies that are actively developing in the moment. Let us remind that just recently the firm has entered in a new partnership in the framework of which it will help to release its first hardware product. Moreover, it is said that Ledger is actively adding support for the most popular crypto assets. It is expected that such assets as Cardano (ADA), Decred (DCR), IOTA, Lisk (LSK), RavenCoin (RVN), and Tezos (XTZ) will become available quite soon. Crypto Wallet Producer Ledger to Support More Stablecoins , Expands Tether Usability

16 days ago

Nano Price Eyes $2 as Huobi Global Listing Sparks Interest

Most cryptocurrency markets still remain stuck in the dirt for the time being. More specifically, Bitcoin remains in the red and most altcoins will not see any major changes as long as this situation remains in place. Nano is one notable exception in this regard, as it is well underway to hit $2 once again. Nano Price Momentum Becomes Interesting It is always interesting to see how different cryptocurrency markets respond to new challenges. Although it is evident a lot of currencies heavily rely on Bitcoin first and foremost, Nano shows things can be done slightly differently. Its current momentum is rather promising first and foremost right now, although the low trading volume might effectively cause some issues along the way. Over the past 24 hours, the Nano price has risen by over 3.5% to nearly $2. There is also a 4% gain over Bitcoin itself a swell, which is a lot more important to keep an eye on moving forward. Altcoins need to regain lost value against Bitcoin fairly quickly to note any real changes in the near future. Nano appears to be doing exactly that in somewhat spectacular fashion. One of the main reason why traders show a sudden interest in Nano is because this altcoin will be making its way to the Huobi Global platform in the very near future. Although exchange listings do not necessarily warrant any real excitement in this day and age, it usually triggers some positive price momentum in quick succession. Huobi Global to Launch #Nano on October 31 Nano (NANO) will be launched on Huobi Global on October 31, 2018. Deposits will be available from 8:30, October 31, 2018 (UTC). — CoinNess-Live Crypto Market Index and Brief News (@CoinNessCom) October 31, 2018 For those still wondering if it is worth to own Nano as part of a cryptocurrency portfolio, there are some key selling points. As James B. points out, its low fees make it very appealing, and the DAG technology can offer significant scaling improvements compared to other projects. All of these selling points make Nano stand out among other altcoins in its own way. Why own #NANO? In case low fees becomes the deciding factor for widespread adoption of cryptocurrency or a specific use case & DAG technology proves secure over time & scales in a way that blockchain tech does not. — James B. (@JBJD_SF) October 30, 2018 Traders and speculators who are keeping a close eye on the Nano price chart will have noticed things are heading in the right direction. The Nano/BTC market crossed the 14EMA on Binance, which seems to indicate there will be further upward momentum in the near future. How high the price will go, is a different matter altogether. NANOBTC crossed the 14EMA to the upside @binance#cryptocurrency #bitcoin #altcoins #btc #NANO — k.i.t.t. crypto alerts (@kittalerts) October 31, 2018 Based on the current momentum, surpassing $2 should not pose any major challenge. At the same time, it is interesting to see if this current uptrend can be sustained for a while longer, as the overall bearish sentiment remains firmly in place. That doesn’t bode well for most altcoins, although some markets tend to do unpredictable things first and foremost. The post Nano Price Eyes $2 as Huobi Global Listing Sparks Interest appeared first on NullTX.

16 days ago

Ledger Reveals Plans To Add Multiple Stablecoins

Ledger, the manufacturer of popular crypto hardware wallet Ledger Nano S, has announced support for multiple stablecoins. Currently, its products only support Tether (USDT). With Tether's popularity shrinking every day, traders are switching over to other regulated stable coins like USDC by Circle and GUSD by Gemini. However, according to Benjamin Soong, Ledger's new head of operations for the Asia-Pacific region, USDC will continue to remain popular, as they provide other options to their customers. Ledger recently announced its expansion to Asia, with a new office in Hong Kong. (VS)

16 days ago

Cryptocurrency Wallet Manufacturer Ledger Expands Operations to Hong Kong

The blockchain asset security company and hardware wallet manufacturer Ledger recently announced the expansion of its global presence to Hong Kong and introduced Benjamin Soong as the head of Asia Pacific (APAC). The company made the move as it has received an increased demand for both the Ledger Vault, a multi-authorization cryptocurrency self-custody management solution, and the company's signature Ledger Nano S hardware wallet, which currently supports more than 40 cryptocurrencies. (JF)

16 days ago

IOTA (MIOTA) Adoption Rate will Increase on a Scale Never Seen Before: Founder

Founder of IOTA Foundation - David Sonstebo, has pressed-on and highlighted out the previous IOTA Foundation advise of learning programming because according to him there are many corporations that need ‘you’. With IOTA’s demand increasing on developing a shared economy, Mr. Sonstebo noted how over 600 corporations are attracted by IOTA to reach their goals. Right now you could get a very good deal for just knowing IOTA and basic programming. A lot of these pending projects simply lack people who know basics of programming and IOTA According to Sonstebo, the lack of third party system integrators to implement the utilization of IOTA and its platform is one of the biggest hurdles being met right now. By describing the connections that the team behind IOTA is building between the corporation with a parallel of Tinder, David Sonstebo stated that international adoption will hit on a record scale: We are building a partnership structure for the corporations at the moment, think of it as ‘Tinder for companies that want to collaborate on using IOTA’, the scarce saffron is 3rd party devs that know IOTA. Once that final piece of the puzzle falls into place (LEARN PROGRAMMING!) IOTA will see adoption on a scale never witnessed in our history before. This is how projects scale internationally Read Also: How IOTA Might Create Smart Contracts to Crowd-fund Projects on the Tangle - In a recent twitter announcement by IOTA NEWS, the publication announced that there has been progress in supporting IOTA (MIOTA) on the famous hardware wallet known as Ledger Nano S. The October 3rd tweet went on to include a time frame of the next few weeks as to when software development will be completed. The development of supporting #IOTA Tokens on the #LedgerNano S wallet has progressed very far. Charlie Varley, IOTA Software Engineer: "We will be looking at Ledger Nano integration over the next few weeks. " Get your Nano S, free worldwide shipping: — IOTA News (@iotatokennews) October 3, 2018 The post IOTA (MIOTA) Adoption Rate will Increase on a Scale Never Seen Before: Founder appeared first on Ethereum World News.

17 days ago

We’re giving away 3 #Binance branded Ledger Nano S! How to ...

We’re giving away 3 #Binance branded Ledger Nano S! How to enter: - Create & Tweet a security slogan like the one…

17 days ago

3 New and Upcoming Key Changes to Nano’s Infrastructure

Any cryptocurrency in the industry will need to keep evolving at all times. This goes for both Bitcoin, as well as all other altcoins on the market today. In the case of Nano, the currency is set to undergo some interesting upgrades yet again. It shows the developers are confident this currency can become even more robust over time. #3 PayFair Trading One peculiar trend affecting altcoins lately is how communities get excited when new exchanges list said token. Although this usually doesn’t have any impact on the overall development of a cryptocurrency, it can provide a lot more exposure for Nano. More exposure can lead to a higher price or an evener supply distribution, which are both positive traits to pursue at all times. In this particular case, Nano can be traded on the PayFair platform. This decentralized escrow platform and P2P exchange has been working on adding additional currencies and tokens to its service. Integrating Nano is an important first step toward potentially attracting a lot more users moving forward. So far, only one seller and one buyer are trading Nano, although that situation may come to change in the future. #2 Epoch Blocks One of the more mysterious developments taking place behind Nano’s scenes comes in the form of Epoch blocks. They will come to the network next week, which will ensure the Legacy block era is coming to an end. Instead, the project is shifting to a “universal block” structure, although the exact specifics remain a bit unclear. Epoch Blocks are also still a bit of a mystery, albeit the developers have confirmed a more in-depth explanation is set to follow later this week. Any infrastructure upgrade for a cryptocurrency network is always exciting, even when people are not exactly sure what it means or how it will affect the network as a whole. #1 iOS Wallet Testflight Update For the Nano community, mobile wallet solutions are still in high demand. That is only normal, as the cryptocurrency industry is following traditional finance in this regard. The importance of mobile solutions can no longer be ignored, though one always has to wonder what the future holds in this regard. In the case of Nano, the Nano Wallet Company’s iOS wallet will be able to resolve some lingering issue experienced by users. Users with an expired version from earlier this year and who lost their seed should be able to recover the information accordingly. This is a positive development, even though it never affected a majority of the community in the first place. The post 3 New and Upcoming Key Changes to Nano’s Infrastructure appeared first on NullTX.

18 days ago

Cryptocurrency Hardware Wallet Spotlight: Jolt

In the cryptocurrency industry, hardware wallets play an increasing role of importance. Secure storage solutions for digital wealth are a lot more difficult to come by than some users anticipate. In the case of Nano, a native hardware wallet known as Jolt is being developed. It is a very interesting project, albeit there is still a lot of work to be done prior to bringing this project to market. The Jolt Idea Explained The top cryptocurrency hardware wallet manufacturers integrate support for different currencies and tokens whenever they can. For Nano users, the options are very limited right now in this department, which prompted some enthusiasts to build their own hardware wallet. As such, Jolt was born, although the project is far from finalized at this stage. Jolt will, apparently also support other cryptocurrencies, which makes it a potential competitor to Ledger and Trezor. Under the Hood of Jolt Even though this project has been in development for quite some time now, there is still more work to be done. The main selling point of Jolt - other than supporting Nano - is how it will be open-source and focus on strong security first and foremost. It is also a more “powerful” device in terms of RAM, CPU, and storage when compared to the current market leaders. As one would expect from a hardware wallet, it has its own source of connectivity. Unlike most other models on the market today, Jolt will actively support Bluetooth and Wifi. Although this wireless communication protocol may not be the most secure by default, the Jolt developers do not seem overly concerned about that aspect. This is a standalone device, after all, thus offering such connectivity is not an unnecessary luxury either. A new hardware wallet on this magnitude cannot be created out of thin air overnight. The Jolt team has been working on building its own custom firmware, which seems to be going according to plan. There is also an app-based coin system, which sounds somewhat similar to how Ledger’s coin support works. On the hardware side, the wallet now boasts a custom-designed circuit board. It is still possible for DIY enthusiasts to put together their own hardware wallet through inexpensive components. The Road Ahead While significant progress has been made on Jolt, the project is far from production-ready at this time. For the time being, the team hopes to have a production release ready in early 2019, albeit no specific information has been released as of yet. There is still a lot of work on the software side of things as well, and third-party app developer documentation is still in the early stages. For Nano users, as well as holders of the other undisclosed supported cryptocurrencies, the Jolt wallet can be a pretty big game changer altogether. The post Cryptocurrency Hardware Wallet Spotlight: Jolt appeared first on NullTX.

19 days ago

Blockchain Launches Ledger-Powered Hardware Wallet

One of the oldest crypto companies and the creators of the blockchain wallet have ventured into the hardware wallet space. Blockchain Launches Lockbox Blockchain, the company behind the wallet with the same name has announced the launch of a hardware wallet “Lockbox” that is powered by Ledger, the leading manufacturer of hardware cryptocurrency wallets. The announcement was made through a blog post published on Ledger’s official website earlier on Thursday. Blockchain is one of the most trusted firms in the world with over 29 million crypto wallets. The hardware device is compatible with the blockchain wallet. According to the post: Leveraging the strengths of these two industry powerhouses, the Blockchain Lockbox will allow Blockchain users to seamlessly and securely store crypto assets offline through a first-of-its kind integration of cryptocurrency hardware and software. Benefits of Hardware Wallets Hardware wallets, a type of cold wallet, are among the most secure because they store the users’ private keys offline. With multiple incidents of hacking in the recent past, cryptocurrency investors are looking for better ways to secure their digital assets. Peter Smith, CEO, and Co-Founder of Blockchain, said: The Lockbox is a reflection of what our companies both do best. We’ve created an elegant software and hardware integration that offers more functionality than previously existed in our space. We’re thrilled to offer the Lockbox to Blockchain users so they can easily manage their funds online and offline seamlessly. Ledger President Pascal Gauthier also stated: With stories about crypto hacking continuing to dominate headlines, it’s obvious that security must be top of mind for all stakeholders in the crypto space. Gauthier added: With the combined forces of Blockchain and Ledger, users are truly getting the best of both worlds. Our partnership with Blockchain is the first of its kind, but as two companies hyper-focused on crypto security, it’s one that’s a natural fit. How to Order the Lockbox The company has started accepting pre-orders starting October 25th and the deliveries are expected to begin in mid-November, according to the announcement. Early customers will receive the special edition blue version of the device. The Lockbox can be ordered from the official website of Blockchain. Existing customers of the Ledger Nano S will be able to connect their devices to the blockchain wallet. With this mutually beneficial partnership, both Blockchain and Ledger will be able to tap into each other’s customer base to increase their footprint. Do you think this partnership will be beneficial for both companies? Let us know in the comments below. Images courtesy of Ledger, Shutterstock The post Blockchain Launches Ledger-Powered Hardware Wallet appeared first on Live Bitcoin News.

20 days ago

Sony Reveals Contactless Crypto Wallet, Prepping for Crypto Ecosystem?

A research and development division at Sony has unveiled a new contactless cryptocurrency hardware wallet for cold storage, which could indicate the consumer electronics giant may be eyeing a bigger move into the cryptocurrency space. Sony Computer Science Lab Preparing Contactless Crypto Wallet The research and development arm of Japan-based Sony Corporation, Sony Computer Science Laboratories, Inc. have issued a press release revealing their work on a contactless cryptocurrency wallet for storing cryptocurrencies like Bitcoin, Ethereum, Litecoin, and more. The wallet uses the company’s contactless integrated circuit technology for an added convenience for investors. Traditional cryptocurrency hardware wallets like the Ledger Nano S and Trezor wallets are USB-based, but its wallet would allow the user to ditch the cord and sign transactions from any device with a near-field communication (NFC) chip. The company has said that the wallet will be “small, portable and useful, unlike typical existing hardware wallets,” and will feature a “highly reliable tamper-proof module within the IC card” for increased security. While Sony Computer Science Laboratories is the company’s research and development division, and many of the subsidiary’s projects don’t end up being released as a fully-fledged product for consumers to purchase, the press release suggests that the company will push towards “commercialization” to further the “widespread adoption of blockchain technology,” hinting that the company is planning a bigger move into the world of blockchain and cryptocurrency. Is Sony Planning a Bigger Move Toward a Crypto Ecosystem? The news of Sony’s cryptocurrency wallet isn’t the first example of Sony’s growing interest into blockchain and potentially, cryptocurrency. Earlier this year, the company filed with the United States Patent & Trademark Office to be granted a patent to store users’s digital rights data on the blockchain, essentially developing a full-featured blockchain digital rights management (DRM) system. A DRM system validates a users rights to access certain media types, such as movies, music, video games, and more. It’s the company’s portfolio of brands reaching into various types of media that could provide the perfect ecosystem for a cryptocurrency, potentially even a Sony-developed cryptocurrency. The company could power payments, create a rewards system, and much more using a cryptocurrency throughout its Sony Music, Sony Pictures, and Sony PlayStation consumer-facing brands. PlayStation users, in particular, are already familiar with using digital cash to make purchases over the PlayStation Network. It’s also platforms such as the PlayStation Network where users’ access to digital content - such as video games - that would be governed by the company’s blockchain-based DRM system. Featured image from Shutterstock. The post Sony Reveals Contactless Crypto Wallet, Prepping for Crypto Ecosystem? appeared first on NewsBTC.

20 days ago

Blockchain Announces Lockbox, a Hardware Wallet Developed in Partnership with Ledger

Leading software provider for digital currencies, Blockchain has launched a new custom hardware device called Blockchain Lockbox, built in partnership with hardware wallet maker Ledger. The device will be compatible exclusively with the Blockchain Wallet and will allow simple and secure storage of crypto assets offline. First of Its Kind Hardware and Software Integration The new Blockchain Lockbox device will only be compatible with the Blockchain Wallet. It is a first-of-its-kind integration of a software and hardware wallet. The device will offer 30 million users of Blockchain secure, cold storage powered by Ledger’s hardware excellence. Cold storage refers to a way of storing cryptocurrencies offline, especially when using a secure hardware device. It is considered the safest method of storing cryptocurrencies as it prevents breaches and hacks seen on online ‘hot’ wallets. Ledger is one of the top hardware wallet makers in the world. Ledger’s security could be vital to providing Blockchain customers added protection, as acknowledged by the co-founder and CEO of Blockchain, Peter Smith. He said: “The Lockbox is a reflection of what our companies both do best. We’ve created an elegant software and hardware integration that offers more functionality than previously existed in our space. We’re thrilled to offer the Lockbox to Blockchain users so they can easily manage their funds online and offline seamlessly.” Ledger’s Security in a Unique Wallet The security of a cold hardware wallet like Ledger could be crucial in protecting the cryptocurrency holdings of users from prying eyes. Pascal Gauthier, President of Ledger, emphasized the importance of security for crypto holders. He said: “With stories about crypto hacking continuing to dominate headlines, it’s obvious that security must be top of mind for all stakeholders in the crypto space. With the combined forces of Blockchain and Ledger, users are truly getting the best of both worlds. Our partnership with Blockchain is the first of its kind, but as two companies hyper-focused on crypto security, it’s one that’s a natural fit.” The Blockchain Lockbox device is available by pre-order which started on October 25. Deliveries for the same will begin in mid-November. Customers who register early will receive the special edition blue version of the Lockbox. Those who already own the Ledger Nano S device will be able to integrate it with the Blockchain Wallet as well. Blockchain Announces Lockbox, a Hardware Wallet Developed in Partnership with Ledger was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

20 days ago

Coinbase Insider Trading Lawsuit Dismissed

A lawsuit accusing US-based major cryptocurrency exchange Coinbase of insider trading has been dismissed in court. Arizona resident and plaintiff in the case, Jeffrey Berk, filed a class action lawsuit in March accusing Coinbase of ”tipping off its own employees” of an upcoming Bitcoin Cash (BCH) support on the platform a month before it was launched to customers. He claims that this meant that all those who had been informed ”immediately swamped Coinbase and the GDAX with buy and sell orders, thinning the liquidity but obtaining BCH at fair price” as soon as it went live on 19 December 2017. Court documents released this week show, however, the judge overseeing the case did not think Berk had sufficient evidence to back up his claims. US District Judge Vince Chhabria from the Northern District Court of California said that he ”fails to describe the scope or content of Coinbase’s duty in anything more than broad generalities. A reader of the Complaint is thus left wondering what Coinbase should have done differently, or why the rollout of Bitcoin Cash would have gone more smoothly had Coinbase done whatever Berk thinks is appropriate.” Berk and his legal representation have 21 days to appeal the ruling by filing an amended complaint if they wish to further pursue his claim that Coinbase ”unfairly dr[o]ve up the price of BCH for non-insider traders once BCH came online on the Coinbase exchange.” In another closed crypto case this week, a New York judge dismissed anguished investor Alex Brola’s case against the developers of Nano (XRB), in which Brola claimed the core development team both breached US securities laws and failed to accurately represent the reliability of Italy-based crypto exchange BitGrail. Brola claimed that its negligence contributed to the theft of USD 187 million in XRB in February. Follow on Twitter: @bitcoinnewscom Telegram Alerts from Want to advertise or get published on - View our Media Kit PDF here. Image Courtesy: Pixabay The post Coinbase Insider Trading Lawsuit Dismissed appeared first on

21 days ago

Review: Ellipal’s New Hardware Wallet is Separating From the Web Altogether

Ellipal is one of the lesser-known names in the hardware wallet game. The Hong Kong-based company is on the rise, however, propelled by the success of its flagship device, “The Cold Wallet 2.0.” The smartphone-like device promises all the functionality of a Ledger or Trezor wallet, but without the need to ever connect to the web. Also read: Which Cryptocurrency Hardware Wallet is Best for You? Hot Property Hardware wallets (HW) are the new Walkmans. The pocket-sized devices are becoming ubiquitous, with companies as incongruous as Blockchain and Sony launching their own models. In an era of “de-gadgetification,” in which standalone devices are united into all-encompassing smartphones, hardware wallets buck the trend. They are devices that, unlike MP3 players and voice recorders, are compromised by being incorporated into cellphones. Smartphones can be lost or stolen, while security holes abound, often due to spyware-riddled apps. For the security conscious, physically separating a cryptocurrency wallet from one’s phone is the only safe option. For those who are paranoid about security, however, there’s an extra step that can be taken: separating the wallet from the web altogether. That’s the step that Ellipal have taken with their plainly named “The Cold Wallet 2.0.” The device claims to be “the most secure crypto hardware wallet.” Coming from a company that can’t even SSL its homepage, that’s a claim that should not be taken at face value. An investigation of the facts mercifully support 2.0’s boast to be highly secure, but it is impossible to rank it categorically alongside the likes of Ledger or Trezor. Unboxing the Ellipal The Ellipal, as we’ll refer to the device for the remainder of this review, arrives in packaging similar to that of a Ledger Nano S, complete with the obligatory tamper-proof seal. Inside, however, the device looks nothing like the sort of glorified USB sticks that normally pass as hardware wallets. Instead, it looks like this: That’s right, a cheap smartphone. The Ellipal cold wallet feels as cheap and plasticky as it looks. In fact, it resembles a child’s toy smartphone — the sort you might pick up in the bargain bucket of a Walmart for a couple of dollars. Appearances can be deceptive, however. Inside the device is all the circuitry you need for a cold storage hardware wallet, controlled via a color touchscreen and a single side-button. For all intents and purposes, this is a smartphone without the dumb internet connection. And the cheap feel of the device is actually perfect for what it’s designed to do. If you were to pull the Ellipal from your pocket in bars, boardrooms and coffee shops, there would be cause to take issue with the prominent bezel, thick profile and light weight. As it is, the HW will ideally never leave the sanctum where you’ve decided to stash it. And if it were to come fitted with a Gorilla Glass screen, all it would do is add a couple of hundred dollars to the $149 price tag, without any sort of improvement in security or UX. The cold wallet feels cheap then, but what’s inside is extremely expensive — the means to access your precious cryptocurrency. Getting Started I began by sending a bit of BCH from the Wallet to the Ellipal. Getting the device up and running involves a process that lies somewhere between setting up a new smartphone and a new hardware wallet. After popping the battery into the device and powering it up by pressing the side button, you’re prompted to run through a series of onscreen options, starting with language selection, followed by account creation. You can create a new BCH, BTC, ETH, or ERC20 wallet from scratch, or alternatively import an existing one. If you’ve gone for the former option, you’ll be asked to create an account name and password. The password length is capped at 12 characters which, while not a major security concern, seems an odd decision. Next, it’s mnemonic time. The Ellipal displays a 12-word seed and instructs the user to write it down and store it safely. After doing so, you’re forced to input the seed by placing the words displayed on screen in the correct order. I took this opportunity to try and memorize the seed, using the memory palace technique. My daughter and I competed to see who could learn the seed off by heart, and within a few minutes, we had it committed to memory, with the aid of a picture-rich story in which each word was laid down in a particular place along the trail. I also made sure to write down the mnemonic as a fail-safe against the fallibility of human memory. You should, too. The top BCH wallet resides on the Ellipal smartphone app. The second is on the cold storage device. It’s wise to obfuscate some element of this, perhaps by changing a letter in one of the words, or by reversing the order of the last two words. Alter the seed just enough so that any attacker who finds it and tries to input it will be stumped, but not so much that you’ll struggle to recall the correct

21 days ago

Blockchain Launches Hardware Wallet

The popular cryptocurrency software provider Blockchain has announced the launch of a custom hardware wallet that is exclusively tethered to the company’s flagship wallet. According to the development team behind the new hardware wallet called Lockbox, the firm collaborated with the wallet manufacturer Ledger in order to create the design. Also read: SEC Suspends Trading in Company Over False Cryptocurrency-Related Claims Blockchain Launches a Hardware Wallet Called Lockbox The cryptocurrency and distributed ledger software provider Blockchain has announced the launch of a new hardware wallet called Lockbox. Launched in August 2011, the company has provided a variety of data services and a non-custodial wallet product that’s seen 29.5 million wallets created over the years. With the Lockbox hardware wallet, the device is fully compatible with the firm’s wallet software and users are able to benefit from both services. The well-known hardware wallet maker Ledger worked with Blockchain in order to create the wallet’s design and custom firmware. Lockbox is not compatible with other Ledger platforms like the Ledger Live application. “We’ve created an elegant software and hardware integration that offers more functionality than previously existed in our space. Peter Smith, CEO, and co-founder of Blockchain stated during the announcement. “We’re thrilled to offer the Lockbox to Blockchain users so they can easily manage their funds online and offline seamlessly.” The President of Ledger, Pascal Gauthier, also explained that these days stories about cryptocurrency hacks “continue to dominate headlines.” “It’s obvious that security must be top of mind for all stakeholders in the crypto space,” Gauthier emphasized. Additionally, being FIDO certified, the Lockbox device can be used as a secondary security key for Dropbox, Google applications, Github, and more. Similar to the Nano But Connects With Existing Blockchain Wallets Blockchain’s Lockbox is $99 and available for pre-order beginning on Oct. 25 and the company is accepting BCH, BTC, Paypal, Visa, and Mastercard for purchases. From the looks of it, the Lockbox is almost identical to the Nano. In contrast, the Lockbox is sized at 98mm x 18mm x 9mm but is blue with a Blockchain logo. The Blockchain Lockbox custom firmware is compatible with Windows (7+), Mac (10.9+), Linux or Chrome operating systems. However, just like the Ledger Nano, the application requires the owner to use Google Chrome or Chromium. A glance at the product’s webpage, the language suggests Blockchain believes the new Lockbox is a secure product that can go head-to-head with the competitors like Trezor and Keepkey. “Our dual chip architecture guarantees cryptographic protection so you can store your crypto worry-free. Your private keys stay protected behind your secret PIN,” the website states. Hardware wallet popularity has grown exponentially since last year’s bull run and the thousands of cryptocurrency thefts that took place over the years. 2018 has seen a few new entrants in the hardware wallet space such as the Coolwallet and the latest Ellipal wallet. The new Lockbox comes with all the standard items most of the others come with, including a USB cord, mnemonic phrase card, and instructions. Blockchain also has a Lockbox support web page created for those who want to learn about the setup process. The company says it takes only a few steps to connect an existing Blockchain wallet to the Lockbox device. What do you think about Blockchain launching a hardware wallet with custom firmware that works with Blockchain wallets? Let us know what you think about this subject in the comments section below. Images via Shutterstock, Pixabay, and Blockchain. Need to calculate your bitcoin holdings? Check our tools section. The post Blockchain Launches Hardware Wallet appeared first on Bitcoin News.

21 days ago

Blockchain Releases Hardware Wallet Co-Developed With Ledger

Google Ventures-backed Blockchain is debuting a hardware wallet that integrates with its software services, a press release shared with Bitcoin Magazine details.In a partnership with hardware wallet manufacturer Ledger, the cryptocurrency software company has developed what it calls “a custom hardware device.” Dubbed the Blockchain Lockbox, the wallet, like Ledger’s own suite of products, will allow users to store their private keys offline in the device. This practice, referred to as cold storage, is considered a safer alternative to hot storage, wherein private keys are held in software connected to the internet. According to the release, existing Ledger users “will be able to pair their Nano S devices” to the Lockbox. Bitcoin Magazine asked Blockchain to clarify which coins the wallet would support, but at the time of publication, the company was not prepared to give a response.“We’re thrilled to offer the Lockbox to Blockchain users so they can easily manage their funds online and offline seamlessly,” Peter Smith, CEO and co-founder of Blockchain, said in the release.The wallet will interface directly with Blockchain’s software wallet, and it will be exclusively compatible “only with Blockchain’s software,” a Blockchain representative told Bitcoin Magazine. This will allow users to manage their hardware wallet’s holdings using the software, while also offering what Smith calls “more functionality than previously existed” by giving users the flexibility to transfer funds back and forth from the Lockbox to Blockchain’s software wallet.Ledger’s president, Pascal Gauthier, called the partnership “a natural fit,” stressing the importance both companies — and the crypto community at large — place on cyber security.“With stories about crypto hacking continuing to dominate headlines, it’s obvious that security must be top of mind for all stakeholders in the crypto space. With the combined forces of Blockchain and Ledger, users are truly getting the best of both worlds,” he said.Though seemingly hyperbolic, Gauthier isn’t exaggerating when he says hacks “dominate headlines.” The first month of 2018 saw the biggest hack in the industry’s history since Mt. Gox, and Japan alone has suffered over half a billion dollars worth of losses this year.The hardware wallet is open for preorders today, October 25, 2018, with delivery slated for mid-November, and the press release indicates that early customers will receive a “special edition blue version” of the wallet. This article originally appeared on Bitcoin Magazine.

21 days ago

Blockchain Announces Hardware Wallet In Partnership With Ledger

Online crypto wallet provider blockchain, formerly known as has launched a new hardware wallet that works with its existing online service. Blockchain has partnered with hardware wallet manufacturer Ledger to release its wallet. Named the “Blockchain Lockbox," it has a similar form factor of Ledger nano S. However, it only works with Blockchain's online wallet. Consumers will be able to easily move their crypto holdings from the online wallet to the offline wallet, and vice-versa. Ledger itself has been extremely successful, selling more than 1 Million wallets in 2017. In its last funding round, it attracted the interest of tech giants such as Samsung, Google’s venture arm GV, and Siemens, with a valuation of $1 Billion. (VS)

22 days ago

Blockchain Reveals New ‘Lockbox’ Hardware Wallet Made By Ledger

Cryptocurrency data and wallet provider Blockchain (formerly has announced it will offer users a dedicated hardware wallet in a new partnership with Ledger. A Blockchain-Only Hardware Wallet In a press release October 25, Blockchain said it was working with the French hardware wallet manufacturer to produce a device “exclusively compatible” with its online wallets. The company, one of the first mainstream wallet providers, currently supports Bitcoin (BTC), Ether (ETH) and Bitcoin Cash (BCH). Dubbed Lockbox, the offering is already post-development with deliveries beginning in mid-November. Commenting on the release, Blockchain CEO and co-founder Peter Smith described it as providing “more functionality than previously existed in our space.” “We’re thrilled to offer the Lockbox to Blockchain users so they can easily manage their funds online and offline seamlessly,” he said. Sony Debuts Contactless Hardware Wallet The move comes the same week as Sony announced it had created a pioneering contactless cryptocurrency wallet based on an IC smart card. Beyond transactions, the company stated in its own release, the device will have “multiple possible applications.” “This IC card-type cryptocurrency hardware wallet technology not only manages the private keys used for cryptocurrency transactions, but also manages private keys used for other purposes, such as those for permitting the use of personal information using blockchain technology,” it added. Sony complements existing alternatives to ‘wired’ hardware wallets such as the CoolWallet S. The hardware wallet industry is a rapidly expanding one. As consumers seek more secure ways to store funds, demand regularly outstrips supply among the few manufacturers producing the devices, of which Ledger is one. In a recent post, the company’s president revealed over 1.3 million of its Nano S wallets had shipped so far. As with all wallets, however, security remains a talking point. Bitfi, the company endorsed by John McAfee, was forced to retract claims it had created an “unhackable” hardware wallet in August after a fifteen-year-old developer successfully compromised it. What do you think about the hardware wallets from Blockchain and Sony? Let us know in the comments below! Images courtesy of The post Blockchain Reveals New ‘Lockbox’ Hardware Wallet Made By Ledger appeared first on

22 days ago

Combine the #security of a Ledger Nano S hardware device and...

Combine the #security of a Ledger Nano S hardware device and Particl's #ColdStaking protocol to enjoy the world's m…

22 days ago

Daily Cryptocurrency News - 24th October 2018

Here are the most important cryptocurrency news of October 24: Coinbase and Circle Just Announced the Official Launch of USDC, a Digital Dollar Source: Bitcoin Exchange Guide Coinbase and Circle have recently announced the launch of USDC, a new digital dollar. According to Coinbase’s blog post, this new USDC stablecoin is fully collateralized by US dollars and supported by Coinbase and Circle as co-founding members of the CENTRE Consortium. Starting from this date, users in supported jurisdictions can now buy, sell and receive the new USDC stable coin. The stablecoin will be fully available at and in the Coinbase Android and IOS apps. This announcement is exciting, as this is the first time Coinbase supports a stablecoin. Unlike Bitcoin or Ether, a USDC is meant to represent a single US dollar (USD) that does not move up or down relative to its reference currency. One USDC is a 1:1 representation of a US dollar on the Ethereum blockchain. However, stablecoins need to be regulated more tightly. Circle, Coinbase, and more companies have created the CENTRE consortium. CENTRE will be the place where they will define the policies around stablecoins. For instance, if you want to handle stablecoins on your exchange, you need to send regular audited reports. You do this to prove that you have as many USD sitting on a bank account as issued tokens. USDC will be coming to Coinbase Pro in the upcoming weeks, and it is already available on the Coinbase Wallet, a user-controlled wallet where people can store ERC20 tokens. You can learn more about USDC and stablecoins in this video. HTC has Just Announced their First Blockchain Phone, Exodus; It Can Only Be Purchased with Crypto Global consumer tech giant HTC is finally launching its first blockchain enabled phone, Exodus 1. The early access version of the phone will be available for preorder and people can buy it with crypto, according to the company. According to the HTC Exodus website, the Exodus 1 will be available to customers from many countries, including: United States Hong Kong Singapore New Zealand United Kingdom And nearly 30 countries more. Features The Exodus 1 comes with a secure enclave. The secure enclave is a secluded area on the phone’s chip kept separate from the Android operating system (OS) it runs on. It uses technology made by SoftBank’s Arm Holdings to keep a customer’s cryptocurrency safe. Chen, HTC’s decentralized chief officer, talked about this and said that the benefit of keeping this area from the phone separated from Android was that Google’s OS is “fundamentally insecure with a centralized system,” and therefore storing cryptocurrency using Android would make a user’s funds more vulnerable to a hack. He also said that integrating blockchain technology to mobile phone adds a new level of security and privacy of a user’s assets. He also noted this will help in the future with protecting a customer’s data and identity. Chen told CoinDesk that the company hopes to get feedback from the blockchain community about the early-access version in order to improve upon the device. Phil Chen said by email: “The goal is to start with the blockchain community and get their assistance in making our wallet and the technology even more secure, in essence testing it out and providing feedback and suggestions [and] solutions.” He also added: “Recent figures show that there are around 35 million wallets out there at the moment. The HTC EXODUS 1 is about getting the consumer used to owning their own keys and going from there to develop the EXODUS into a device that can be for the broader market.” Specifications Besides its blockchain features, the Exodus 1 also includes: A 16-megapixel dual main camera and an 8MP dual front camera with 4K video. A six-inch display with quad-HD+ resolution. A Qualcomm Snapdragon 845 processor. Six gigabytes of RAM and 128GB of storage For more information about the phone and pre-ordering, you can go to their website here. New Protocol is Going to Make Transfers between Bitcoin and Ethereum Blockchains Possible Source: Mashable A new protocol will enable users to do cross-chain transactions. This means that users will be able to transfer value between Bitcoin and Ethereum. The Open Federated Gateway Protocol, a new open-source technology will make this possible. iBitcome and, are the developers of this protocol. The first federated blockchain to be built using this protocol is launching on Wednesday, Oct. 24. Named Mallow, it has a block explorer which enables users to examine the flow of assets and check up on transactions in any moment. The company iBitcome noted that trading between Bitcoin and Ethereum will be possible thanks to creating the new token WBCH. The value of this new cryptocurrency will be equal to 1 Bitcoin Cash, (which equals $444 at the writing of this article.) The team behind the new cryptocurrency plans to support other public blockchains in the near future. iBitcome emphasized

22 days ago

New York Judge Dismisses Case Against Nano Developers

A U.S. District Judge has dismissed a case against Nano token developers, the plaintiff of which claimed the company had run afoul of U.S. securities laws

22 days ago

Nano Investor Abandons Lawsuit

An attempted class-action lawsuit against the creators of Nano has been dismissed with prejudice, after the lead plaintiff withdrew his complaint. Investor Alex Brola attempted to launch the suit against the cryptocurrency’s creators on behalf of the victims of the BitGrail hack, asking a US District Court to force developers to launch a “rescue fork,” putting stolen coins back in the victim’s wallets. Brola was among thousands of investors who poured money into Nano last year, when it was still known as RaiBlocks and worth a lot more. At the time, RaiBlocks was only available on BitGrail, a poorly-secured Italian crypto exchange. In January, BitGrail’s one-man developer team revealed that the site had been hacked, compromising approximately one-fifth of the entire coin supply. Brola, who spent $50,000 on RaiBlocks, claims that he was encouraged by the Foundation’s “investment solicitations and specific representations” to purchase RaiBlocks on BitGrail, which was then the coin’s only exchange. “Rescue Fork” Gets Bent “[T]he most direct solution to the XRB investors’ problems rests squarely in the Defendants’ hands,” the Silver Miller Law Firm argued on Brola’s behalf. “Specifically, Defendants can rewrite the XRB code and simply restore ownership to Plaintiff and the Class.” In their reply, Nano’s lawyers argued that the token is not a security, and in any case, its sale by an Italian exchange would not fall under US securities laws or implicate the founders. “Nano’s value does not derive from a group of managers or executives managing other people’s property,” Nano lawyers wrote in their Motion to Dismiss. “Rather, Nano’s value is derived from its utility or potential utility as a currency.” U.S. District Judge Nina Gershon dismissed the case after Brola voluntarily withdrew his complaint. Although there was no comment from Brola’s lawyers, Nano counsel Peter Scoolidge told Law360 that “the plaintiff withdrew the complaint because the case lacked merit.” The legal victory is not likely to give much comfort to hodlers of the 35th-largest cryptocurrency, which is still trading at nearly 94% losses from the all-time high. Nor is it likely to satisfy investors; four months after BitGrail wallets were seized by Florentine authorities, the fate of the remaining funds remains in limbo. The author has invested in Nano and other digital assets. The post Nano Investor Abandons Lawsuit appeared first on Crypto Briefing.

22 days ago

Class Action Lawsuit Against Nano (NANO) Developers Thrown Out by New York Judge

According to court documents filed on October 22nd, a New York judge has thrown out an investor’s proposed class-action lawsuit that was filed against the development team of the cryptocurrency Nano (NANO) back in April of this year. The lawsuit stemmed from the hack of the Italian cryptocurrency exchange BitGrail which saw 17 million XRB (now NANO) stolen from the platform back in February. The lawsuit accused the development team violating U.S. securities laws by selling unregistered securities as well as negligently misrepresenting the reliability of the BitGrail exchange. (JF)

23 days ago

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