Image Image Image Image Image Image Image Image Image Image Image Image

| June 23, 2018

Scroll to top

Top

Launches Archives -

US Federal Reserve Launches Cryptocurrency Index

June 22, 2018 |

US Federal Reserve Launches Cryptocurrency Index

This week the Federal Reserve Bank of St. Louis added cryptocurrency to their Federal Reserve Economic Data (FRED) database. It’s a seemingly small gesture, but one that signals to most observers crypto’s maturation, at least in the eyes of arguably the most important central banking institution in the world.  

Also read: Troll Slayer: Derek Magill Defends Peer-to-Peer Electronic Cash Against Defamation

Federal Reserve Bank of St. Louis Adds Four Cryptos to its FRED Database

“FRED has added four series on the prices of different cryptocurrencies,” the St. Louis Federal Reserve posted without much fanfare this week, including “Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. The price data are updated daily and span from as early as 2014 to the present. All data were obtained from Coinbase, a cryptocurrency exchange company, whose overall digital asset performance is depicted in the above graph (Coinbase Index).”

The St. Louis Fed is one of 12 regional banks within the system, collectively constituting the most powerful central bank on the globe. Known to be part of the 8th District, which includes midwestern Fed banks, it is also considered an economic research powerhouse.

US Federal Reserve Launches Cryptocurrency Index

It maintains its FRED database at its famed research division. The bank uses more than half of a million data points, derived from 81 sources. Exchange rates, GDP, interest rates, consumer indexes, banking, producer price indexes, among other sectors, comprise its focus. FRED-published statistics carry massive weight in the professional financial world.

That some government agency creates yet another index isn’t particularly newsworthy. However, that both proponents and opponents frequently set cryptocurrencies such as bitcoin cash (BCH) as distinctly operating in defiance of central banks, and how the Fed appeals to crypto bank Coinbase for its metric, means decentralized currencies have come of age.

Out Ahead

Going forward, it would also appear as Coinbase adds more currencies perhaps FRED would be compelled to monitor them as well. Whatever the case, the St. Louis Fed has been consistently out ahead of most central banks and economists when it comes to crypto.US Federal Reserve Launches Cryptocurrency Index

That’s a marked contrast to its brethren. Atlanta’s Fed bank openly chastised younger investors to steer clear of crypto. The San Francisco branch pegged bitcoin core’s (BTC) price considerably lower than its near $ 6,000 present figure, insisting one BTC is probably worth around the cost of mining, slightly under $ 2,000 per coin. Even the Minneapolis Fed, in trying to be charitable, urged ignoring the currency aspect altogether and instead look toward ‘blockchain technology.’

Again, the St. Louis Fed thinks differently. Just a few months ago it caused a stir within the ecosystem by publishing a meditation on BTC, putting forth the idea it can be considered alongside the dollar. Its Governor James Bullard, however, is much more cautious. Acknowledging crypto as being a real future of money, he explained, “Cryptocurrencies may unwittingly be pushing in the wrong direction in trying to solve an important social problem, which is how best to facilitate market-based exchange.”

Is the arrival of a FRED crypto index important? Let us know in the comments. 


Images via the Pixabay, FRED.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi Pulse, another original and free service from Bitcoin.com.

The post US Federal Reserve Launches Cryptocurrency Index appeared first on Bitcoin News.

Bitcoin News

The Daily: Akon Launches Akoin, ICO Mogul Buys $19M Land with Bitcoin

June 21, 2018 |

The Daily: Akon Launches Akoin, ICO Mogul Buys $  19M Land With Bitcoin

A musician who wants to use cryptocurrency to create a “real-life Wakanda” in Africa is the main feature in today’s edition of Bitcoin in Brief. Additional stories include an ICO mogul who bought land worth $ 19 million with bitcoin, a massive trove of Coinbase customers’ complaints and more.

Also Read: Control of Highly Demanded Crypto Classes May Spark Turf War at Universities

Akon Launches Akoin

The Daily: Akon Launches Akoin, ICO Mogul Buys $  19M Land With BitcoinAkon, the Senegalese-American singer, is launching his own cryptocurrency token called Akoin. The stated purpose of the project is to build a futuristic city in Senegal that is meant to be a “real-life Wakanda”, referring to the fictional highly technologically advanced African nation featured in the recent Black Panther movie.

Speaking on a panel at Cannes Lions International Festival of Creativity, Akon explained: “I think that blockchain and crypto could be the saviour for Africa in many ways because it brings the power back to the people and brings the security back into the currency system. It also allows the people to utilize it in ways where they can advance themselves and not allow government to do those things that are keeping them down.”

According to the project’s website, the “100% crypto-based” Akon Crypto City is being built on 2,000 acres of land gifted to Akon from the President of Senegal. It’s within 5 minutes of the new international airport, close to the coast and a short drive from Dakar, the capital city of Senegal.

ICO Mogul Buys $ 19M Land with Bitcoin

The Daily: Akon Launches Akoin, ICO Mogul Buys $  19M Land With BitcoinAccording to newspaper reports from Israel, the serial entrepreneur and cryptocurrency advocate Moshe Hogeg has bought 5,000 square meters of private land to build himself a new house in the very affluent community of Kfar Shmaryahu not far from Tel Aviv. The price of the real estate is about $ 19 million and he reportedly paid 15% of that sum in Bitcoin.

Hogeg is the man behind Sirin Labs, which raised $ 157.8 million in an initial coin offering (ICO) last year. The money was meant to be used to build an “ultra-secure” cold storage crypto wallet-phone which was promoted by soccer superstar Leo Messi.

134 Pages of Coinbase Customers’ Complaints

A stack of 134 pages full of costumer complaints against Coinbase, filed to the US SEC and the California Department of Business Oversight, have been obtained by Mashable following a five-month FOIA (Freedom of Information Act) process. The files show the frustration and anger of clients that felt they could not get adequate support for their issues with the platform.

The company sees the high number of complaints as a result of the mad rush to enter the crypto market last year. “In 2017, the cryptocurrency space experienced a profound uptick in mainstream awareness and growth,” explained a Coinbase spokesperson. “As part of that, consumer demand for our services increased by 40x and we experienced transaction volumes in November and December of that year that grew by 295 percent.”

Bitmain Is Back on Twitter

Chinese ASIC giant Bitmain Technologies has now regained control of its @Bitmaintech official Twitter account. As we reported a few days ago, the company was banned from the social network after trolls apparently convinced Twitter admins that the account belonged to a four-year-old.

Bittrex Adds ETH to USD

Bittrex, which recently introduced fiat currency support, has now announced the addition of support for Ethereum (ETH) to USD trading. Initially, the Seattle-based exchange offered the USD paired against just BTC, tether (USDT), and another stablecoin, Trueusd. The move can be seen as part of a larger trend by exchanges trying to gradually wean themselves off dependency on the controversial tether. It might also help to delink the price of ETH from BTC in terms of USD if more exchanges follow this move.

What do you think about today’s news tidbits? Could Akon’s crypto city succeed in building a real Wakanda? Share your thoughts in the comments section below. 


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post The Daily: Akon Launches Akoin, ICO Mogul Buys $ 19M Land with Bitcoin appeared first on Bitcoin News.

Bitcoin News

Brave Browser Launches Trial for Advertising Program

June 19, 2018 |

Brave Browser Launches Trial for Advertising Program

Brave Software, the publisher of an open-source web browser boasting enhanced privacy features, built-in ad blocker, and built-in cryptocurrency (Basic Attention Token [BAT]), has commenced the trial phase of its ad program. Brave users who participate in the trial for the program will be paid a sum of BAT proportional to 70% of the company’s advertising revenues in exchange for viewing ads.

Also Read: Six Alternatives to an Initial Coin Offering

Brave Browser Begins Trialing Advertising Program

Brave Browser Launches Trial for Advertising ProgramBrave Software has commenced trials for its browser’s ads program.

The company, which was founded by former chief architect and CTO of Mozilla, Brendan Eich, and former senior software engineer at Mozilla and former software developer lead at Khan Academy, Brian Bondy, claims that its browser offers a number of speed and privacy advantages over its competitors. Brave’s website claims that the browser loads pages up to two times faster than other browsers on desktop, and up to eight times faster of mobile – owing in large part to its inbuilt ad blocker that seeks to eliminate undesired bandwidth expenditure.

Once the product is fully launched, the browser will allow its users to choose between either block ads entirely, or earn the browser’s inbuilt cryptocurrency, Basic Attention Token, in exchange for viewing ads. Basicattentiontoken.org describes BAT as comprising “a utility token based on the Ethereum technology that can also be used as a unit of account between advertisers, publishers.”

Ad Program Participants to Receive 70% of Advertising Revenues

Brave Browser Launches Trial for Advertising ProgramThe company’s ad program will see users view a “few relevant ads” several times each day. Each time an advert is viewed, the browser user will earn BAT tokens – with Brave set to distribute 70% of the profits generated through advertising with browser users who opt to view ads.

As participants in the trial will have their browsing histories sent to Brave for analysis, the trial may not be appropriate for those seeking to reap the full privacy benefits of the browser.

In April, Brave Software announced that they would partner with Dow Jones Media Group. The agreement was described as comprising “Brave [providing] access to premium content from Down Jones Media Group to a limited number of users who download the Brave browser.”

Daniel Bernard, the senior vice president of Dow Jones Media Group-owned Barron’s, expressed optimism regarding the deal, stating “Our partnership with Brave is an exciting and innovative step […] As global digital publishers, we believe it is important to continually explore new and emerging technologies that can be used to build quality customer experiences.”

What browser do you use? Tell us why in the comments section below!


Images courtesy of Shutterstock


Want a comprehensive list of the top 500 cryptocurrencies and see their prices and overall market valuation? Check out Satoshi Pulse for all that hot market action!

The post Brave Browser Launches Trial for Advertising Program appeared first on Bitcoin News.

Bitcoin News

Bangladesh Launches Deadly Drug Crackdown

June 18, 2018 |

A human rights group accuses the security forces of carrying out 149 extrajudicial killings in May in connection with the crackdown. Police acknowledge the deaths but say they occurred in clashes with drug suspects.
WSJ.com: What’s News Asia

UK Company Launches Crypto Mining Electric Bicycle

June 16, 2018 |

UK Company Launches Crypto Mining Electric Bicycle

50cycles, a specialist electric bicycle manufacturer, has revealed what it has described as the world’s first range of cryptocurrency mining e-bikes. Toba, the new series of crypto mining bikes, are estimated to generate approximately £20 (approximately $ 26.5 USD) worth of ‘Loyalcoin’ per 1,000 miles ridden.

Also Read: Study Reveals ASIC Miners Represent 30% of the Equihash Mining Hashrate

UK Company Reveals Cryptocurrency Mining E-Bike

UK Company Launches Crypto Mining Electric BicycleFounded in 2003, UK-based 50cycles describes itself as a specialist in “advanced electric bikes.” In what the company is claiming as a world first, 50cycles has revealed the ‘Toba’ – a cryptocurrency mining electric bicycle.

The company’s founder and chief executive officer, Scott Snaith, told media “This is not only the first electric bike of its kind, but it will also be the first product ever to be tokenized and which issues reward for use.”

Mr. Snaith describes the ‘pedal-powered crypto miners’ as being indicative of the company’s desire to engage with new technologies, stating “We have always been a company that moves ahead of the times by embracing the latest technology. Just like we saw the potential in electric bikes in Tokyo 15 years ago, we now see the promise and future in blockchain technology, cryptocurrency, and product tokenization.”

Cyclists to be Rewarded in ‘Loyaltycoin’

Bike owners are unable to choose which cryptocurrency is mined, with each of the electric bikes exclusively mining for ‘Loyaltycoin’, a token which will be redeemable in exchange for products available on the 50cycles website, or can be exchanged for leading cryptocurrencies through Loyaltycoin’s platform. At the time of writing, Loyaltycoin appears to have only been trading for approximately ten days, with current prices appearing poised to fall to record lows below $ 0.0044 USD.

Mr. Snaith stated, “At the moment we are working with Loyaltycoin to reward our customers but eventually the Toba bikes will have their own digital coin which will become one of thousands of currencies of the future, and the Toba will allow riders to become an integral part of its growth.”

The Toba bikes will hold their unique private key as proof of ownership, and customers will be able to monitor how many Loyaltycoin tokens they have generated through a mobile app. The bikes are expected to be delivered to customers in September.

Innovative Mining Experiments

UK Company Launches Crypto Mining Electric BicycleIn recent years, the cryptocurrency community has witnessed increasingly creative attempts to recycle energy for the purpose of virtual currency mining.

Last year, reports detailed the owner of a Tesla S who had installed a graphics processing unit (GPU) based cryptocurrency mining rig in his car to capitalize on the unlimited supercharging program made available to most owners of Telsa’s S and X models.

Last month, Motherboard reported on “Lee” – a man who sought to repurpose the heat generated through cryptocurrency mining to warm his bath. Lee described his experiment as being “a little too effective,” stating that he “left it running all day as it produced baths of up to 122F/50C. Dangerously hot, especially as I have a few pets who could fall in if they somehow gained access to the bathroom. I took the experiment down to preserve the safety of my living space. Safety is an absolute priority to me.”

What consumer products do you think will be next to mine for cryptocurrency? Join the discussion in the comments section below!


Images courtesy of Shutterstock, Cyclingindustrynews


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post UK Company Launches Crypto Mining Electric Bicycle appeared first on Bitcoin News.

Bitcoin News

PR: GigTricks Launches Global on Demand Platform for the Gig Industry

June 13, 2018 |

GigTricks Launches Global on Demand Platform for the Gig Industry

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Have you ever wondered why, even though the freelance industry has grown tremendously in the past decades, it failed to acknowledge the recession issue at so many levels? We will come to that but let’s first explore the growing industry a little.

The industry, without a doubt, is trending upwards. To be fair, it has been growing for a couple of years, to the point that freelancers are nearly 35% of the American workforce these days. Isn’t that impressive? Those numbers show a remarkable paradigm shift in a country that, in other times, used to be the image of the 8-to-5 worker that made his, or her, living while being 100% loyal to the company or employer.

Working from the luxury of your home, at the time you feel most productive, is the real deal, and is a method that is still oozing potential for further growth; but at what cost? The freelance industry is not the fairytale that everyone wants to be in anymore. It has got its nightmares.

Granted, freelance platforms can connect people with numerous employers in almost every field: data entry jobs, writing, content creation, rewriting, editing, graphic design, programming, web designing, and so on. The world is filled with possibilities and with people that are willing to hire and pay freelancers in a timely and fair way. However, most freelance networks can’t assure you 100% that the employer is going to provide the payment, or that he/she won’t give you an unfair review despite you finishing the task in time and with wonderful results.

The never-ending quest for reliability

If it isn’t evident by now, the freelance industry is in dire need of a system or environment that can provide a sense of trust in the relationships and daily interactions between the two most relevant actors in the field, which are freelancers and employers.

In short, the industry currently lacks the foundations and principle standards to establish a trustworthy relationship between the two. That is where GigTricks comes into play, to try and solve the trust issue in the field.

GigTricks will provide all the ingredients to enhance transparency and trust levels between the clients and the freelancers. How does it do it? By implementing the blockchain technology, a very trendy measure that can offer reliability and security when it comes to transactions at all levels.
A complete, on-demand ecosystem with endless possibilities

Existing freelance platforms are excellent tools to get a job or, if you are an employer, to assign a task to someone under your own terms: you need it to be completed by a specific date and will pay a fixed, previously-agreed amount of money in exchange for the freelancer’s services and talent. However, some of these networks have issues in the reviews and skill rating sections, as they can provide a wrong public image about the business relationship established between the two parties.

GigTricks appears as a worldwide solution to those issues, as it represents the first truly 360® freelance and on-demand ecosystem, which will be reviewed and approved by millions of users around the globe.

All things considered, the platform will provide invaluable help in the freelancer community, as it is prepared to deal with any trust issues with the help of the blockchain model. The final goal is to put up a fight against global recession by giving people endless opportunities to work from their homes and generate profit to spend on their specific consumer needs.

Additionally, the freelancer community faces other challenges related to their activity, such as unstable internet connections. As the world becomes more crowded; services such as connectivity can fail in some locations. To combat that, GigTricks offers an innovative working mode: the blockchain-based Point-of-Sale will let freelancer conduct their business while being offline.

The GigTricks PoS devices will allow freelancers to have an integrated profile for both online/offline orders i.e. local clients can make payments in any currency or even crypto, and it will be converted into GBTC at real time. The local order record history will be stored in hyperledger and show in the GigTricks Pro profile. Moreover, the local clients can also submit a review that is after an initial automatic screening and manual filtration will be added to the Pro profile and incorporate in the overall profile rating as well as the individual skill rating of the freelancer.
Enhancing freelancer’s reputation with the most complete suite

The freelance industry is all about reputation. Employers tend to assess at least 50 applications before committing to giving their project to one freelancer in particular. Chances are that the person employing the subject in question spent hours looking at each profile, and he went for the one who they thought was more qualified.

How does a freelancer earn a strong profile? With skill ratings, reviews, and comments from the community, a term that can encompass previous employers, colleagues, and fellow freelancers.

The GigTricks Pro feature can be of great help for freelancers all over the world, no matter the location, as it can provide endless job opportunities by showcasing verified online profiles and portfolios.

The platforms contain several devices and tools that can make sure all actors stay connected and in constant communication in the entire process, all in a trustworthy and reliable way. The GigTricks Point of Sale (PoS), Marketplace, Social, Pro, and Learning services aim to leverage each other to offer benefits to everyone.

These benefits can also come in the form of GigBit Tokens, a special crypto utility token to interact with the GigTricks environment and that can be earned via the GigTricks Social activity. The ecosystem has a number of unblock-able achievements, skill tests, and other premium features, which can be purchased using the mentioned mean of payment.

The world’s best referee!
The freelance industry is also famous (or notorious, if you prefer the term) for hosting more than one dispute about a project. It is a natural course of things: sometimes, the client and the freelancer can’t seem to agree upon anything. However, these issues are not always solved in the fairest terms in existing freelance platforms.

However, GigTricks provides a feasible solution for disputes: the platform encourages an incentivized voting system within the community that adds the one ingredient missing in the equation that is trustworthiness. That way, both parties will have the certainty that the problem was dealt with in a fair way and not by a small, possibly biased staff.

All things told, the GigTricks ecosystem is a perfect measure to add trustworthiness to a growing industry. After all, more than 80 million people in North America, Europe, and Asia formally identify themselves as freelancers, and that number doesn’t include fast-rising markets such as South and Latin America.

Almost half of the millennials (approximately 47%) are into freelancing, and by current growth rates, by 2025, nearly half of the people in the United States of America will freelance. There is no denying that freelance-related activities represent the future of making money, and GigTricks is one of the best measures to provide the playing field with the right levels of reliability, transparency and security.

Join the freelance and on-demand revolution having 5 innovative products integrated into a single ecosystem. Presale will be live from 1st July 2018 to 30th July 2018.
Telegram: “https://t.me/gigtricks

Contact Email Address
richard@2xico.agency
Supporting Link
https://www.gigtricks.com/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: GigTricks Launches Global on Demand Platform for the Gig Industry appeared first on Bitcoin News.

Bitcoin News

A New Cryptocurrency Radio Broadcast Launches on Boston’s FM 104.9

June 12, 2018 |

A New Cryptocurrency Radio Broadcast Launches on Boston's FM 104.9

Over the past six months, cryptocurrencies have been steadily entering the mainstream world more and more by being featured on billboards, newspapers, radio broadcasts and television shows. Now, this July residents from the New England region will be able to hear a weekly radio broadcast called Cryptomania which aims to educate the masses about the benefits of cryptocurrencies and broadcasts every Saturday on Boston’s FM radio signal 104.9.

Also Read: Canadian Exchanges to Report Transactions Over $ 10k per Proposed Regulations

New England Blockchain Group Launches Cryptomania Radio Broadcast on Boston’s FM 104.9   

Residents from Boston, New Hampshire, and the North Shore will soon be able to tune in to an FM radio broadcast every Saturday that will feature discussions about bitcoin and cryptocurrency solutions. Listeners can set their dials to the FM radio signal 104.9 this July as the Massachusetts-headquartered organization New England Blockchain LLC (NEB) will launch its first show “Cryptomania – Bitcoin & Beyond.”

The show was created by the NEB founder Dana McIntyre who will also host the show with his sidekick Jameson Rust. The two say that the broadcast will feature a “simple and humorist explanation of Bitcoin and Blockchain technology.” The show aims to educate the public and show them how cryptocurrencies operate and detail how easy it is for anyone to purchase a small fraction of bitcoin.

“Hosting the first weekly FM radio show on Cryptos in America is a real honor for us and highlights our commitment to bring relevant, cutting-edge content to our listening audience and the mainstream public,” McIntyre stated this week.

A New Cryptocurrency Radio Broadcast Launches on Boston's FM 104.9
Cryptomania will air every Saturday at 9:30 EDT starting this July on Boston’s FM 104.9.

Every Saturday Two Million North Shore Residents Can Tune In

The show will air every Saturday at 9:30 Eastern Standard and can be listened to in other areas in the world by tuning into Northshore1049.com. The show will have a large audience to entice as the FM radio signal 104.9 reaches areas in southern New Hampshire and North of Boston and Merrimack Valley regions of Massachusetts which accounts for a population of over 2 million residents.

The announcement for the new radio show in Boston follows other mainstream broadcasts announced over the past few months. For instance, news.Bitcoin.com reported on the Youtuber Jason Appleton planning to launch his Crypto Crow Show on “CBS, the CW and Roku to over 47 million homes.” Another example is when the post-cable network Cheddar announced this past March it would be broadcasting a thirty-minute show about cryptocurrencies called Crypto Craze.

Bitcoiners are sure to welcome the new radio broadcast Cryptomania that’s dedicated to teaching people about bitcoin and cryptocurrencies in the Boston region. However, the NEB organization’s upcoming broadcast this July is not the first weekly FM cryptocurrency radio show in the U.S. as the Austin based Crypto Show has been airing on 89.1 FM for years now.

What do you think about a radio broadcast about bitcoin and other cryptocurrencies airing throughout New England’s North Shore region? Let us know what you think about this subject in the comment section below.


Images via Shutterstock and 104.9 FM  


Want a comprehensive list of the top 500 cryptocurrencies and see their prices and overall market valuation? Check out Satoshi Pulse for all that hot market action!

The post A New Cryptocurrency Radio Broadcast Launches on Boston’s FM 104.9 appeared first on Bitcoin News.

Bitcoin News

Korean Firm Keypair Launches Credit Card-Shaped NFC Hardware Wallet

June 12, 2018 |

Korean Firm Keypair Launches Credit Card Shaped NFC Hardware Wallet

A new hardware wallet has been launched by the South Korean financial tech firm Keypair. The company’s Keywallet Touch has an interesting design as it’s shaped like a credit card and utilizes NFC technology. The company says the device’s smart card chipset supports cryptocurrencies like bitcoin cash, ethereum, bitcoin core and litecoin, while also providing FIDO Universal 2nd Factor Authentication (U2F).

Also read: Bitcoin Cash Innovation Continues with the First On-Chain Atomic Bet

South Korean Firm Keypair Launches Keywallet Touch Hardware Wallet  

There’s been a slew of new cryptocurrency hardware wallets coming into the ecosystem and the South Korean company Keypair has launched a new model. This past March news.Bitcoin.com reported the firm’s previous design, the Keywallet Classic, and a few new hardware wallet manufacturers stemming from South Korea as demand for the devices has grown exponentially in that region. The Keywallet Classic debuted this January at the CES Electronics Show and the product has also been selling on Ebay. The company’s latest device the Keywallet Touch is a hardware wallet shaped like a credit card, similar to the Coolwallet device we reported on a few weeks ago.

Just like a credit card, the Keywallet Touch is 85.60 × 53.98 mm with rounded corners and built-in NFC technology that interacts with a mobile phone (Android). The phone application recognizes the card allowing users to send and receive bitcoin cash (BCH), ethereum (ETH), litecoin (LTC), bitcoin core (BTC), ripple (XRP), ethereum classic (ETC), and ERC20 tokens. The Keywallet Touch is $ 69.99 USD which is cheaper than a lot of other hardware wallets, but if you want to use a PC then you’ll require a USB connected reader ($ 69.99) that is not yet available to the public.

Korean Firm Keypair Launches Credit Card Shaped NFC Hardware Wallet
The Keywallet Touch specs.

Credit Card Shape and No Batteries

CEO Kevin CK Lee of the hardware-based security solution company explains the new hardware wallet card comes with “first-class” security. “The card is built with Secure Element and its OS and Crypto libraries made by the firm. It also has CC and Eal5+ and CMVP ready product,” Lee noted during the launch.

The company believes cryptocurrency enthusiasts will appreciate the credit card shaped feature so it can be carried easily, and the fact that the device has no batteries adds to the wallet’s overall durability. The Keywallet Touch software can be found at the Google Play store and the user interface acts like a portfolio if you hold multiple cryptocurrencies.

Korean Firm Keypair Launches Credit Card Shaped NFC Hardware Wallet
The Keywallet Touch connects to mobile phones using NFC technology and to connect to a PC users need the Keywallet reader which is not yet available. 

Keypair says that a traditional wallet OS or mobile phone platform keeps the private keys in “insecure areas (HDD, Flash Memory, etc.)”. Furthermore, Keypair explains that an iOS version of its wallet client is on the way, and mobile phones with built-in fingerprint sensors can be used with the Keywallet Touch. One thing to note is this hardware wallet is very new, just like the Coolwallet hardware wallet which has the same credit card shaped design, which means both of these wallets don’t have many reviews online. Some people will want to wait until this product is mass produced and reviewed by reputable third parties. 

What do you think about the Keywallet Touch? Let us know your thoughts on this new hardware wallet in the comment section below.

Disclaimer: Bitcoin.com does not endorse this product. Bitcoin.com and the author are not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any information with this hardware wallet platform. Readers should do their own due diligence before taking any actions related to the content.


Images via Shutterstock, and the Keywallet web portal. 


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post Korean Firm Keypair Launches Credit Card-Shaped NFC Hardware Wallet appeared first on Bitcoin News.

Bitcoin News

PR: Ontology Launches Ecosystem Accelerator – Ontology Olympus Accelerator (OOA)

June 9, 2018 |

Ontology Launches Ecosystem Accelerator – Ontology Olympus Accelerator (OOA)

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Ontology, a new high-performance public multi-chain project and a distributed trust collaboration platform, announced the Ontology Olympus Accelerator (OOA). The program invites technology and product experts across fields to collaborate in entrepreneurship and build new distributed business applications based on Ontology’s next-generation public chain infrastructure to build an open-source, open-minded, and collaborative distributed trust ecosystem. The Ontology Olympus Accelerator program will provide complete technical, marketing, funding, talent, and legal compliance support. The Ontology Foundation will invest approximately 1.5 billion USD worth of tokens, all of which will be used to support the future development of existing startups and teams chosen.

Ontology Olympus Accelerator will be the most comprehensive ecosystem accelerator among public chains. It will include the following areas:

Technology

Blockchain underlying technology support
Custom business chain development
Blockchain business-layer common modules
Blockchain industry function customization
Blockchain-based general hardware service platforms
Custom intelligent hardware services combined with blockchain

Business
Collaboration with a wide range of industry partners
Sharing Ontology ecosystem users
Industry leader guidance

Communication
Technology community expansion support
Ecosystem community collaboration

Market incubation

Ontology ecosystem business cooperation
Ontology user system collaboration
Marketing operations collaboration

Capital incubation

Ontology incubation fund
Ontology investment fund
Ontology/partner cooperative funds

Talent incubation

Human resource services including recruitment and training

Legal services

Professional global legal services
Covering all aspects of the project
Covering different regions worldwide

Ontology Olympus Accelerator (OOA) will add more ecosystem incubation and acceleration services based on the needs of the ecosystem.

Ontology has also announced the establishment of two important Ontology ecosystem organizations:

Ontology Advisors Group (OAG): Provides a range of strategies and industry guidance for the Ontology ecosystem, promoting the development of the Ontology Olympus Accelerator program and Ontology’s ecosystem globalization. The first batch of advisors will be announced within a week.

Ontology Global Capital (OGC): Includes Ontology ecosystem funds which will be allocated by a top blockchain ecosystem investment team. Further details will be announced in the near future.

In July Ontology will publish the full Ontology Olympus Accelerator details on the Ontology official website and open online applications. There will be different application conditions for each of the categories.

Jun Li, Founder of Ontology, said “Building the trust ecosystem goes hand in hand with the technology, applications, and governance of Ontology. This is nevertheless a huge and arduous task. We decided to launch the Ontology Olympus Accelerator precisely to develop the Ontology trust ecosystem and accomplish its goals. We hope with this accelerator program that more talent and applications can be added to the Ontology ecosystem, integrating technical elites internationally and the technical strengths of various parters to jointly build our cross-chain, -system, -industry, -application, and-terminal distributed trust ecosystem.”

About Ontology
Ontology is a new high-performance public multi-chain project and a distributed trust collaboration platform. Ontology provides new high-performance public blockchains that include a series of distributed ledger and smart contract systems. Ontology blockchain framework supports public blockchain systems and is able to customize different public blockchains for different applications. Ontology supports collaboration among chain networks with its various protocol groups.

Ontology will constantly provide common modules on the underlying infrastructure for different kinds of distributed scenarios, such as those for the distributed digital identity framework, distributed data exchange protocol, and so on. Based on specific scenario requirements, Ontology will continue to develop new common modules.

For more information, please visit: https://ont.io/.
If you would like to join our Co-Builder Plan which supports Ontology ecosystem application incubation and construction, please contact us at: contact@ont.io.

Media contact information:
Chloe Fu
Email: contact@ont.io

Supporting Link
https://ont.io/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: Ontology Launches Ecosystem Accelerator – Ontology Olympus Accelerator (OOA) appeared first on Bitcoin News.

Bitcoin News

PR: Bcshop.io Launches Ethereum Based E-Commerce and Payments Platform

June 4, 2018 |

Bcshop.io Launches Ethereum Based E-Commerce and Payments Platform

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

In rapidly developing blockchain industry the lack of useful dApps is a vivid stopping factor for cryptocurrency mass adoption. There are little to no ways to use BTC, ETH or other crypto except for investments or speculations. Targeting exactly this problem, BCShop.io releases the platform where Ethereum ecosystem is provided with real utility value. Being available in test network for months, the product is finally launched in main network at https://bcshop.io/.

The platform opens up great possibilities for cryptocurrency users to buy and sell goods and services with amazing benefits Ethereum blockchain provides. Focusing on digital products at the start, BCShop.io will be expanding to all areas of e-commerce and payments with cryptocurrency tech and regulation evolution.

Available without any software installation and registration, the platform utilizes user’s Ethereum wallet address as one’s unique identifier allowing to access all functions via one of the most popular methods: Trezor, Ledger, Metamask, Keystore and private keys are supported. With pleasurable user experience in mind, BCShop.io aims to become one stop solution for new age of blockchain powered e-commerce and payments.

“We are not cloning Amazon or E-Bay adding native cryptocurrency support. We are reinventing e-commerce and payments enhancing it with amazing opportunities blockchain technology has to offer. Today BCShop.io platform already supports automated business logic and incredibly low fees, smart escrow and unforgeable reputation system, decentralized exchange integration and flexible payment and pricing options. There are even more features to be implemented after initial launch.” States BCShop.io CEO and Founder Vladlen Manshin.

Made available thanks to successful token sale, the platform utilizes its native BCS token at full capacity by providing exclusive utility benefits to token holders. Functions implemented right from the start include 50% fee discount for merchants, cash back reward program for buyers as well as alternative to ETH payment option. Token purchase can be made right at the BCShop.io website due to seamless decentralized exchange integration.

As main network has been launched, heavily focused on development BCShop.io company is now looking for strategic partnerships to further promote cryptocurrency mass adoption. Strategic cooperation regarding enabling cross chain payments for goods and services, on-chain and off-chain private data management, alternative blockchains supports, stable coins support and global promotion to target audience is of very high priority. Business propositions are highly welcomed at bcshop@bcshop.io.

Supporting Link
https://bcshop.io/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: Bcshop.io Launches Ethereum Based E-Commerce and Payments Platform appeared first on Bitcoin News.

Bitcoin News