Please share if you find this article interesting. Bitcoin for Beginners: Which Hardware Wallet to Use - Bitcoin News Security Hardware wallets are all the rage. Part of the “cryptocurrency starter kit”, these ultra-secure devices for storing cryptocurrency have become hugely popular as interest in bitcoin has boomed. With a number of different models to choose from, beginners may be wondering which one is best – and indeed whether they need a hardware wallet at all. Also read: Bitcoin Hardware Wallet Maker Ledger Raises $75 Million from VC Investors Real Hodlers Use Hardware Wallets Trezor and Ledger, two of the best known wallet manufacturers, have grown to become the industry’s go-to cold storage solutions. Both companies, who make a range of devices, have successfully me
Please share if you find this article interesting. Former FDIC Chair Says ‘We Don’t Ban Assets,’ Bitcoin Just Needs To Be Regulated Sheila Bair, former US Federal Deposit Insurance Corporation (FDIC) chair, told CNBC’s “Fast Money” on Friday, Jan. 19 that there is no precedent to ban Bitcoin (BTC) as an asset, but there is a need for additional regulation of digital currencies. Bair had previously written a December 2017 op-ed on Yahoo along the same theme of more regulation without any bans against BTC. In the “Fast Money” interview Friday, Bair reiterated that while, “we don’t ban assets,” regulating crypto markets is necessary to prevent both money laundering and the potential for market manipulation. Bair looks favorably on CBOE and CME’s recent releases of Bitcoin futures co
Please share if you find this article interesting. Bitcoin Core Devs Reveal How Schnorr Signatures Can Help Scale Bitcoin Four Bitcoin 4 developers have released a paper outlining how Schnorr multi-signatures (‘multisig’) can help scale the Bitcoin Blockchain. In the paper, published Jan. 15, Greg Maxwell, Andrew Poelstra, Yannick Seurin and Pieter Wuille discuss and illustrate how the technology, which ‘bunches’ multisig data together to reduce its size in a transaction, “could improve both performance and user privacy in Bitcoin.” Multisig has seen wide use in various applications for Bitcoin over the past several years. Its trademark security benefits are a principal feature of some consumer wallet applications, and this week’s paper pays attention to how Schnorr multisig also
Please share if you find this article interesting. Gold Sales Spike During Crypto Market Crash, Highlighting Inverse Correlation Daniel Marburger, Director of Europe-based online gold dealer CoinInvest, claimed the company sold about 30 kilograms of gold, worth over $1 mln, in just one day, Jan. 16, in an interview with Bloomberg Wednesday, Jan. 17. This week has been very volatile for Bitcoin and several industry insiders cited by Bloomberg believe that investors are looking for more stable assets in the meantime. Bitcoin, along with most other cryptocurrencies, experienced a crash of over 40% this Tuesday, Jan. 16 that lasted until Jan. 18, potentially causing a spike in gold investment. Marburger told Bloomberg that gold coin sales increased fivefold on Jan. 16, the same time ...
Please share if you find this article interesting. S. Korea: Major Banks’ Income From Crypto Accounts Up X36 From 2016 Recently published data from the South Korean Financial Supervisory Service (FSS) shows that in 2017 several major South Korean banks have earned 2.2 bln won ($2 mln) in commissions from virtual accounts for cryptocurrency investing, a sum 36 times higher than the 61 mln won ($57,340) made the previous year, local news agency Yonhap reports. The data on the banks’ income was gathered during an unprecedented financial probe conducted by the FSS and the Financial Intelligence Unit (FIU), first announced Jan. 7. The probe inspected six major banks, Woori Bank, Kookmin Bank, Shinhan Bank, NongHyup Bank, Industrial Bank of Korea, and Korea Development Bank, to ensure
Please share if you find this article interesting. SEC Says Crypto-Based Funds Not Ready For Regulation The US Securities and Exchange Commission (SEC) released a staff letter on Jan. 18, directed at two Wall Сtreet trade groups that are interested in opening ETFs and mutual funds based on Bitcoin (BTC). The letter makes the case that companies offering cryptocurrency-based investment products are not yet able to comply with SEC regulations. Dalia Blass, the SEC’s director of investment management, wrote in the letter: “We appreciate that proponents of cryptocurrencies and related products have identified a range of potential benefits. We are also aware that critics of cryptocurrencies have raised various concerns regarding transparency of information, trading, valuation and oth
Please share if you find this article interesting. Obelisk Threaten Soft Fork in Reaction to Bitmain Antminer A3 Launch Chinese mining giants Bitmain caught the mining community off guard on Wednesday with the surprise launch of a new cryptocurrency miner. The infamous Chinese company has had a chequered past among the cryptocurrency community, being embroiled in the scaling debate in 2017 which saw Bitmain lean towards support of Bitcoin Cash. It now sees as though Bitmain are looking to squeeze the life out of another virtual currency - Siacoin. The new Antminer A3 model will be able to mine cryptocurrencies using the Blake(2b) hashing algorithm - which currently powers Siacoin. The model is on sale in intermittent batches for around $2,375 in an attempt to stop vendors placing...
Please share if you find this article interesting. Cryptoruble Delayed - Russian Central Bank Worried It Could Bypass Regulations - Bitcoin News Featured Russia’s national cryptocurrency, the cryptoruble, is unlikely to be created in the foreseeable future, according to the Bank of Russia. The central bank believes that it could be used to bypass regulations. Meanwhile, the finance ministry wants to use the cryptoruble for cross-border payments. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto Regulations Cryptoruble Could Bypass Regulations The first deputy governor of the Bank of Russia, Sergey Shvetsov, said at the Gaidar Forum this week that “The appearance of a cryptoruble in the foreseeable future is unlikely,” Tass reported. He elaborate
Please share if you find this article interesting. Stuck at $12K: Bitcoin Price Needs Quick Progress to Avert Further Losses Stuck in the doldrums today, bitcoin needs a quick break above $12,500 or the tide may turn in favor of the bears, the charts suggest. The "V" shaped recovery in bitcoin (BTC) from Wednesday's low has stalled below the $12,000 mark in the last 12 hours. Prices on CoinDesk's Bitcoin Price Index (BPI) did rise to $12,045.09 at 15:14 UTC yesterday, before retreating to sub-$11,500 levels by 22:00 UTC. The slide from the high of $12,045 was extended further to $10,988.79 in Asian hours today. However, bitcoin soon regained poise and rose to an intraday high of $11,808.49 (at 08:44 UTC). As of writing, bitcoin is trading at $11,660. The world's largest cryptocur...
Please share if you find this article interesting. Bitcoin Cash Trading Pairs Open at Cryptocurrency Exchange KuCoin cryptocurrency exchange announced a launch of new BCH trading pairs. The trading started on Jan. 17, 2018 at 22 p.m. UTC+8, reports the company’s press release. The exchange management decided to open new trading pairs for BCH as a response to their community requests. Six pairs to start with The KuCoin, a multi-cryptocurrency exchange based in Hong Kong, recently revealed its plans to add Bitcoin Cash Market enabling users to trade using BCH pairs. All KuCoin traders will have access to the six trading pairs: KCS/BCH, ACT/BCH, DAT/BCH, XAS/BCH, UTK/BCH, DENT/BCH. KuCoin states that it’s the first cryptocurrency exchange to offer this. In the first week of 2018 KuС