Cryptocurrency swaps and hardware wallet producer ShapeShift addressed recent KeepKey hardware wallet vulnerability allegations. ShapeShift responded to an alleged vulnerability submitted through its responsible disclosure program in a Medium post published on Aug. 4. Per the announcement, the firm received a vulnerability report through the program on May 1, which described what the researchers believed to be a hardware vulnerability. The purported vulnerability would allow an attacker to read what was on the wallet’s screen by monitoring power fluctuations to the display in what is known as a side-channel attack. If attackers were monitoring the power levels while sensitive information …
South Korean tech giant Samsung has expanded its blockchain and decentralized application (DApp) Software Development Kit with two new services. Galaxy of multi-service blockchain apps Per the press release shared with Cointelegraph on Aug. 6, Samsung has integrated a digital analytics DApp dubbed “Jupiter” and a QR code-based password wallet “Mars” into Galaxy S10 and newer version of Samsung smartphones. Jupiter utilizes TrustVerse’s artificial intelligence powered price prediction and analytics build on Microsoft Azure architecture. The DApp enables users to track volatility of digital assets — including Bitcoin (BTC) and Ether (ETH), among others — by analyzing past records of …
Mastercard appears to be angling to enter the crypto wallet space with new job ads for blockchain and cryptocurrency-related product development. According to updated job listings from the payments giant as of Aug. 2, the company is seeking to hire for the following roles: “Director, Product Management - Crypto Currency/ Wallets, Director, Product Development & Innovation - Blockchain Solutions Architect, and VP, Product Management - Blockchain/Crypto.” A bid for the crypto wallet space? Two of the new roles — the future director of product management for cryptocurrency/wallets and future VP of product management for blockchain/crypto — will lead a team …
The wallet provided by cryptocurrency exchange Huobi will support Tezos (XTZ) native tokens and baking, the wallets official Twitter account announced on July 31. Huobi Wallet to support Tezos In the aforementioned tweet, Huobi Wallet announced that it will support the Tezos native token and its proof-of-stake (PoS) staking counterpart — baking — in the near future. Part of the announcement reads: “Thrilled to announce that Huobi Wallet will be a #Tezos baker and support #XTZ soon.” A self-amending PoS blockchain The tweet also explains that Tezos is a so-called self-amending network, which means that it is capable of updating …
Smartphones manufacturer Samsung and cryptocurrency payments startup Pundi X’s new cooperation will allow users to integrate the XWallet app to their Samsung Blockchain Wallet. In a blog post published on July 29, Pundi X revealed that it has integrated its cryptocurrency wallet solution into the Samsung’s blockchain ecosystem, thus marking growing adoption of blockchain technology. The post reads: “Samsung Galaxy S10 users can move cryptocurrencies stored in the Samsung Blockchain Wallet into the XWallet, which they can then use as a checking account for instant crypto transaction with Pundi X’s global payment ecosystem.” Currently, the XWallet supports digital currencies such …
Major crypto wallet and blockchain data provider Blockchain.com has launched its own crypto exchange to compete with popular platforms such as Binance. The PIT was built by former execs from Google and Goldman Sachs Named The PIT, the new crypto exchange was reportedly set up by former executives from the New York Stock Exchange, TD Ameritrade, Google and Goldman Sachs, CNBC reports July 30. According to the announcement, The PIT will be available in more than 200 countries, initially supporting 26 trading pairs. Customers will be reportedly able to link their bank account with an account at Blockchain.com and trade …
Youniqx Identity AG, a subsidiary of the Austrian State Printing House, has developed a cryptocurrency hardware wallet, reveals a press release published on July 29. Per the report, the hardware wallet — named Chainlock — enables the offline storage of private keys allowing access to cryptocurrency wallets. The device is reportedly capable of generating the private key, and is also water and heat resistant. The wallet in question will be available via the firm’s partners, including Tokenize Exchange in Singapore and Coinfinity in Central Europe. The release further claims that the Austrian State Printing House is specialized in identity document …
Bakkt, a Bitcoin (BTC) futures platform still in development, is purportedly closing in on a Q3 launch date. An anonymous source close to the company reportedly shared this information with blockchain and crypto news publication The Block, according to a report on July 26. However, The Block says it has received a copy of a slide-deck indicating that Bakkt still needs the New York Department of Financial Services (NYDFS) to approve its warehousing service — the company’s proposed cold storage solution for safely storing private keys. According to the report, gaining approval from the NYDFS would give Bakkt permission to …
California-based crypto wallet service Abra will restrict some services for American users starting from August. Abra will have to enforce some system modifications due to continued regulatory uncertainty in the United States, according to a blog post on July 25. Notably, American users will no longer be able to hold a number of cryptocurrencies, including EOS (EOS). U.S. users can’t hold certain altcoins Specifically, the platform will start migrating its smart contract-based synthetic assets to a native hosted wallet solution, adding that those assets are defined on Abra as anything other than Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin …
Major crypto exchange Binance has added support for multiple decentralized exchanges (DEX) to its Trust Wallet by integrating the Kyber Network protocol. The development was revealed in an official announcement shared with Cointelegraph on July 24. As previously reported, Binance acquired Trust Wallet — an open-source, decentralized wallet that initially offered native support for Ether (ETH) and Ethereum-based tokens — in summer 2018. After extending the wallet’s support to multiple cryptocurrencies, Binance released the wallet on its non-custodial platform Binance DEX this June. Following integration with the Kyber Network liquidity protocol — a dedicated platform for cross-token trading solutions — …
Starting next year, new Anti-Money Laundering (AML) regulations will come into effect in Germany. The regulations will require cryptocurrency businesses to hold a Federal Financial Supervisory Authority (BaFin)-issued license, Cointelegraph Deutschland reported on July 24. Possible innovation obstruction Per the report, the new regulations will require cryptocurrency-related businesses such as exchanges and wallet providers to be licensed by BaFin and comply with AML regulation, since crypto assets will be considered a financial instrument starting on January 1, 2020. According to local media FAZ, Bundestag Free Democratic Party Frank member Schäffler commented suggesting that the government is hurting local innovation and …
Ethereum wallet and decentralized app (DApp) browser Metamask has launched the public beta version of its new mobile app. Unveiled on July 23, the app brings various features to Metamask users and syncs to the company’s existing browser plug-in. It is available for both Android and iOS. “Over the next couple months, we’ll use this Beta to gather feedback from the community before our V1 launch this fall,” an accompanying blog post reads. The mobile app features a cryptocurrency wallet and DApp browser among other tools, including support for so-called Collectibles — unique, non-fungible tokens built on the Ethereum blockchain. …