Bitcoin 

Bobby Lee Takes on Hardware Wallets With New Device for 30+ Cryptos

The founder of China’s first Bitcoin exchange, Bobby Lee, has returned to the cryptocurrency spotlight with the launch of a new wallet.  As confirmed on his social media profiles, Lee, who sold BTCC in 2018, now aims to corner the portable hardware wallet market.  Lee returns with “credit card” hardware wallet His product, Ballet, is a credit card-sized device offering cold storage of Bitcoin (BTC) and fourteen altcoins, including Ether (ETH), XRP and Litecoin (LTC). Another eighteen will be added soon, the project’s website states. Lee unveiled Ballet at the…

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Bitcoin 

SatoshiLabs Rolls Out Bitcoin-Only Firmware for Trezor Wallets

SatoshiLabs, the Prague-based manufacturer of hardware cryptocurrency wallets Trezor, released a beta version of its new firmware that supports Bitcoin (BTC) exclusively. “Orange coin good!” According to the blog post published on Sept. 9, SatoshiLabs’ new BTC firmware is now available to download for both Trezor One and Trezor Model T. The company also noted that it aims to introduce a “stable version” of Bitcoin-only firmware in the next month’s release, adding: “From now on, we will be producing four different versions of firmware — regular (full altcoin support +…

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Bitcoin 

South African Crypto Exchange Hits Milestone 3M Wallets, $5M Volume

Major South Africa’s crypto exchange Luno has continued growing, having processed more than $5 million worth of crypto in August 2019. Marius Reitz, general manager for Africa at Luno, claimed that over 80 million South African rands ($5.4 million) worth of crypto has been completed on Luno’s South African platform on a daily basis in the last month, local tech publication TechFinancials reports Sept. 10. Three million wallets milestone Reitz reportedly stated that South Africa is one of the Luno’s strongest markets, noting the rising appetite for crypto trading in…

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Bitcoin 

Bitcoin Dev Reveals Multisig UI Teaser for Hardware Wallets, Full Nodes

The organizer of a Bitcoin (BTC) programming boot camp has published a proof-of-concept for a user interface (UI) for multisignature (multisig) protection for both hardware wallets and full nodes. Justin Moon published a quick guide to using the prototype UI on Twitter on Aug. 28, together with the full software code on GitHub.  Lowering entry barriers for Bitcoin Wallets that are protected by multisig technology require more than one private key to access the wallet and are thus thought to be much less vulnerable to security breaches, given that no…

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Blockchain 

Crypto Wallet’s Browser Offers Thousands of DApps in One Place

A mobile crypto wallet has announced that users can now effortlessly access thousands of decentralized applications (DApps) directly through its platform. Lumi Wallet says its motivation is to create a one-stop-shop for crypto enthusiasts — a whole ecosystem focused on convenience and simplicity. At the heart of this strategy has been an ambition to streamline the process of downloading DApps. According to Lumi Wallet, it was driven to act after seeing how frustrating the experience can be for smartphone and tablet owners. Not only do individual pieces of software take…

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Ethereum 

ShapeShift’s New Non-Custodial Exchange Supports Hardware Wallets

Switzerland-based crypto exchange ShapeShift has launched its new non-custodial crypto platform operating across multiple blockchains, the firm announced in a press release shared with Cointelegraph on July 8. The new ShapeShift platform offers an integrated suite for digital asset management, enabling an end-to-end tool for secure storing, buying, selling, trading, and tracking cryptos, the company stated.  The platform supports 50 cryptocurrencies including bitcoin (BTC), ether (ETH) and litecoin (LTC), ShapeShift noted, adding that it is targeting common international traders instead of institutional investors. As such, ShapeShift platform’s users can now…

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Ethereum 

Electrum Will Support Bitcoin Lightning Network, Wallet’s Creator Reveals

Bitcoin (BTC) wallet Electrum will soon host support for the Lightning Network (LN), Russian cryptocurrency news outlet Forklog reported on Telegram July 5. In a social media update, the publication said founder Thomas Voegtlin had revealed the upcoming release at the ongoing BIP001 conference in Odessa, Ukraine.  Electrum, one of the oldest bitcoin wallets on the market since 2011, said LN functionality would come as part of an impending major upgrade. The most recent version of the wallet came earlier this week. Electrum will be one of the first major…

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Cryptocurrency 

The GateHub Hack | More Than 100 XRP Ledger Wallets Affected

In the crypto space, it’s not uncommon to see a crypto wallet get hacked. It’s unfortunate, of course, but not unusual. And the latest crypto wallet hack came this week. On Thursday, GateHub said more than 100 customers have had their ledger wallets hacked, resulting in their funds being stolen. Here’s everything we know. GateHub Hack: What We Know On Thursday, June 6, GateHub published a “preliminary statement” on its blog. In the post, the crypto wallet said more than 100 customers have had funds on their XRP Ledger wallets…

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Bitcoin 

Number of Infected Electrum Bitcoin Wallets Reaches 152,000

The number of infected Electrum bitcoin (BTC) wallets has reached 152,000 following an ongoing Denial-of-Service (DoS) attack on its servers. The development was reported by anti-malware software firm Malwarebytes in a blog post on April 29. Malwarebytes discovered that the number of infected machines in the botnet has amounted to as high as 152,000, with the volume of stolen funds increasing to $4.6 million. The company managed to pinpoint a loader dubbed Trojan.BeamWinHTTP, which is also involved in downloading the previously-detected Electrum DoSMiner. The largest concentration of the bots is…

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Bitcoin 

Japanese Regulators to Introduce New Rules Regarding Exchanges’ Cold Wallets

Japan’s Financial Services Agency (FSA) will reportedly introduce new rules regarding cold wallets for storing cryptocurrencies at crypto exchanges, Reuters reported on April 17. Citing a source familiar with the matter, Reuters reports that the country’s financial regulator will reportedly require cryptocurrency exchanges to strengthen internal supervision of cold wallets — devices for storing digital currency which are not connected to the Internet. By implementing the new regulation, the FSA purportedly addresses the difficulties of ensuring the security of digital currencies and other risks for the country since it intends…

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