Tag: wallet

Over 55 percent of bitcoins currently sit in wallets that have never made an outgoing transaction and have balances upwards of 200 coins, Diar reported on September 17, 2018. Whale-Sized Wallets Dominate the Market Long-term investors are keeping the faith in the king of cryptocurrencies despite the bears market in 2018, a data-crunching report from Diar showed. According to the…

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Overstock, the first major retailer to accept bitcoin, expects to formally begin selling the pioneer cryptocurrency through its website in the first half of 2019, the company announced in a September 14, 2018, press release. Over 23 Million People via Crypto-Friendly Overstock Website The blockchain investment arm of U.S. internet retailer Overstock announced that its investment choice Bitsy has begun…

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October 11 in Kiev, Ukraine, a Round Table dedicated to security issues in crypto trading and cryptocurrency business will be held as part of the annual HackIT 4.0 Forum. Crypto Exchange Round Table will bring together market leaders and security experts to share practical experience. The participants are expected to sign a memorandum on supporting common security standards. Cybersecurity is…

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The supposedly “unhackable” cold storage Bitcoin wallet had to be hacked twice before the company decided to admit defeat in an August 30, 2018, tweet.   Not Unhackable Anymore In an announcement made on Twitter, Bitfi, the company that manufactures hardware crypto wallets, said it will be removing the “unhackable” claim from their website effective immediately. The company also admitted…

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On August 20, 2018, X Infinity announced that they had successfully raised $20.5 million through a private sale. The Singapore-based fintech firm surpassed their projected target of raising $18 million. The funds will be used to develop a wallet that supports transactions using any digital currency. Faster Transaction Speeds Investors and traders often keep their coins in separate wallets. The…

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Coinbase has filed a patent concerning a new technology designed to increase the security of cryptocurrency wallets. Coinbase’s patent was filed on August 14, 2018, and has been submitted to the United States Patent and Trademark Office (USPTO). The goal is to ensure that users can make direct payments from their Bitcoin wallet without compromising on their security. Freeze Logic…

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Opera is planning to expand its popularity among blockchain and crypto savvy users by embedding a cryptocurrency wallet into its desktop browser. With the move announced on August 8, 2018, it is expected to handle cryptocurrencies easier, as no other significant browser currently offers a similar service. If successful, Opera hopes to disrupt the browser market by removing the need…

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Interest in cryptocurrencies and digital tokens has scaled new heights this year. Larger number of users completing payment transfers using digital currencies translates into a higher demand for cryptocurrency related services such as wallets and digital exchanges. As a result, several cryptocurrency wallets were launched between the start of 2017 and August 2018. However, users face the daunting task of…

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The world’s first “unhackable” cryptocurrency wallet, as claimed by John McAfee, faced the wrath of security researchers soon after its announcement on July 28, 2018. Not so Unhackable Cybersecurity blogger Ryan Castellucci first called out Bitfi’s supposed security features on his blog, breaking down several aspects that struck experts as suspicious. Post Castelluci’s coverage, researchers stated their findings and opinions…

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High Tech Computer Corporation (HTC), will soon enjoy the consulting services of Litecoin creator Charlie Lee, after the latter revealed on July 29, 2018, his involvement in HTC’s cryptocurrency-powered smartphone, called “Exodus.” The Exodus-Litecoin Connection Lee stated he would spearhead the development of Exodus, in HTC’s push to appeal to the cryptocurrency enthusiast on the back of a dismal 2017…

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