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Cobo Crypto Wallet Gets $13M Investment and Launches Cold Storage Vault

The Cobo Crypto Wallet Has Received a $13 Million Investment Cobo is a developer of consumer blockchain products. It makes it easy for anyone to use and own crypto. It recently announced that it had raised USD 13million in Series A financing round. DHVC and Wu Capital led the funding round. The Purpose of the Funding Round This investment will support the growth of Cobo’s line of products across the world. Cobo has two flagship products for its consumers. The Cobo wallet is a multi-asset crypto software wallet. This wallet allows users to grow their holding via the proof of stake mining. The other product is the Cobo Vault that is an integrated and secure military-grade hardware storage. Cobo Wallet Cobo will offer the first mainstream crypto wallet that offers financial incentives to store PoS crypto coins such as TRX, XZC, DASH, DCR, LBTC, ONT, and VET. While Cobo can support more types of crypto: PoW, PoS, and DpoS.The core distinction of the Cobo wallet is that it can create PoS staking pools. These pools are used to mine crypto rewards for the users. The Cobo staking pools leverage the collective PoS assets of users to increase the combined staking capacity. This ensures they have a high chance of validating transactions on the blockchain using PoS. The users will then earn the PoS rewards when new block are validated in the staking pool. According to the CTO of Cobo Changhao Jiang, crypto has come a long way since he first ventured into it five years ago. He claimed that while he was excited to see the crypto enthusiasm on the rise globally, most crypto assets are still dormant in exchanges or wallets. This has led to many lost opportunities. He said that Cobo’s goal was to create a reward system that would leverage the dormant crypto assets to ensure investors can earn from them. As a result, it would accelerate the growth of the crypto world. Since it was launched earlier in 2018, the Cobo wallet has about 500,000 users. It supports over 30 major crypto coins and 500 tokens. With the latest capital injection, Cobo will expand to additional regions around the world. According to the Managing Director at DHVC, the unique approach by Cobo will redefine the concept of crypto management and create great opportunities for the investors. The team utilizes their blockchain experience to safeguard the assets of users. At the same time, it generates returns for them. He concluded by saying that he believed Cobo would create a revolutionary experience for the PoS coin holders. The Cobo Wallet has numerous security layers that include two-factor authentication, hot-cold servers, and HSM encryption. Users are able to switch from the PoS cloud wallet to the HD wallet. Besides that, they can access a native DApp store via the app. The Cobo Vault The Cobo Vault is the first hardware product from Cobo. It can be pre-ordered on indiegogo. It is designed to safely store a user’s crypto from digital security threats and physical harm. The wallet features a bank-grade encryption chip and firmware that is BIP 32, 39, and 44 compliant.
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Cobo crypto wallet gets $13 million investment to expand, adds cold storage

CryptoNinjas Cobo, a developer of consumer blockchain products that makes it easy for anyone to own and use cryptocurrencies today announced it has raised USD $13 million in a Series A round of financing led by DHVC and... Cobo crypto wallet gets $13 million investment to expand, adds cold storage
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Cobo Crypto Wallet news by Finrazor

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Boost VC to invest in 100 crypto startups, People.ai receives $30M, Medici Ventures invests in Minds Inc, Elixxir receives seed investments, Vertex Ventures invests in Binance, Checkmate Capital invests in Bcause, Global Brian supports Omise, Cobo Crypto Wallet raises $13M, $15M for BitGo, TEMCO partners Foundation X, Animoca Brands teams up startups, Silver Cost Basis partners Voyager Digital, 3 strategies for crypto investors, ideas on where to invest, blockchain and crypto investments will grow

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IOTA Introduces Permanode Tech For Long-Term Data-Storage

The IOTA Foundation is taking a major step towards ensuring permanency in the Tangle, announcing a “Permanode” technology called Chronicle. IOTA is designed as a protocol for the permissionless and frictionless exchange of value between machines and humans, with the Tangle acting as a distributed ledger. Using the new permanode technology, users will be able to securely store data, where it will be  “verifiable to third parties for free.”   While some data doesn’t need to be stored for years, decades, or lifetimes, certain sorts of data require greater permanence. “For example,” the IOTA blog explains, “financial data must be stored for 10 years in some cases, and identity data needs to be kept for the lifetime of the identity.”  The IOTA Foundation describes the new permanode technology as a “crucial building block” for enabling these types of use-cases. The Foundation describes Chronicle as the “official permanode solution,” enabling easy access to the Tangle’s entire history, which is stored indefinitely via the technology.  The system is described as a “distributed fault-tolerant permanode that scales out and up…”     source: IOTA Foundation   Chronicle has some unique and interesting use-cases for community members and businesses, such as offering “query as a service.” Node owners might find a new stream of revenue charging IOTA tokens to access Tangle data. Further services could be added through “Multiplex networks,” offering “microservices… that can communicate with public and private dataset(s) under different policies.”  Chronicle is due for a third-party audit to ensure it is ‘water-tight’ before it is released to the public. The IOTA Foundation invites community members to take part in the work, with grants available for “developing and expanding the notion of permanodes.”   source: CoinMarketCap   IOTA joined the altcoin surge today, enjoying a healthy bump of more than 14% in value against USD and BTC over the past 24 hours. The token has enjoyed a positive week, with over 10% growth in USD price over the past seven days.   The post IOTA Introduces Permanode Tech For Long-Term Data-Storage appeared first on Crypto Briefing.
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HUGE Altcoin Updates! Stellar, Binance US, Tomochain, Digibyte, NEO, Monero, Bitcoin Bakkt

Binance Adds BNB to Binance US https://finance.yahoo.com/news/binance-us-adding-7th-coin-102155751.html A brief history of the world of crypto. Plus, all of the latest news and updates from the Stellar Developers ecosystem https://medium.com/stellar-community/stellar-dev-digest-issue-14-ea71609a22b0 How TomoChain’s TomoZ intends to take on Ethereum market share! https://twitter.com/TomoChainANN/status/1173152916888096768 https://twitter.com/Altcoinbuzzio/status/1172575745584971777 https://www.altcoinbuzz.io/crypto-news/product-release/how-tomochains-tomoz-intends-to-take-on-ethereum-market-share/ Virtual Rehab with Virtual Reality is now solving real-world problems https://cryptodaily.co.uk/2019/09/apple-entry-blockchain-via-rumoured-vr-project https://www.zerohedge.com/news/2019-09-09/virtual-reality-now-solving-real-world-problems Celer Network and NEO Are Launching a Partnership https://www.altcoinbuzz.io/crypto-news/partnerships/celer-network-and-neo-are-launching-a-partnership/ Bitcoin #Bakkt Tweet https://twitter.com/Bakkt/status/1173683919687966720 Big! #Monero ready to use Zcoin’s Privacy protocol https://www.altcoinbuzz.io/crypto-news/product-release/big-monero-ready-to-use-zcoin-privacy-protocol/ #digibyte lists on UpHold https://twitter.com/DigiByteCoin/status/1173623829652004866 #bitcoin #cryptocurrency #altcoin #altcoins #crypto #btc $BTC #bitcoinprice #ethereum #electroneum #cardano #enjin #crypto.com #hpb #digibyte #bitcoinnews #btcnews #libra #chainlink #ripple #xrp #xrpripple #binance #bitcoinnewstoday #cryptonews #litecoin #cryptocurrencynews #news Bitcoin cryptocurrency altcoin altcoins crypto btc $BTC bitcoin price ethereum electroneum enjin crypto.com cardano digibyte bitcoin news btc libra chainlink ripple xrp ripple Binance bitcoin news today crypto news Litecoin cryptocurrency news hpb high performance blockchain $xrp $enj $etn $ltc $dgb $ada NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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Celsius Network Offers up To 12% APR on USDC, TUSD, USDT and Other Stablecoins

The Celsius app offers the industry highest rates and supports six different stablecoins all eligible to earn up to 12.03% annually with interest paid out weekly Celsius Network (https://celsius.network/), the industry-leading cryptocurrency platform, announces today it has increased interest rates for stablecoin deposits to 12.03% APR. Users who choose to earn interest in Celsius Network's blockchain-based CEL token can earn up to 30% more than the 9.25% depositors who are paid in-kind on their coins. Celsius is raising its rates because it is consistently earning higher returns on its deposits and distributes 80% of its income to its depositors; as it earns more, it distributes more. Unlike other platforms, ...Full story available on Benzinga.com
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VanEck, SolidX Pull Bitcoin ETF Filing From SEC Consideration

Less than two weeks after VanEck and SolidX rolled out the VanEck SolidX Bitcoin Trust ETF (XBTC), a bitcoin exchange traded product aimed at institutional investors, the firms said they're withdrawing plans for bitcoin exchange traded fund aimed at a broader swath of investors. What Happened The ETF issuer and the fintech firm pulled the filing from consideration by the Securities and Exchange Commission on Sept. 13. The agency had delayed an ultimate decision on that product, as it has with various other bitcoin ETF proposals, several times, but was facing a hard and fast deadline of Oct. 18 to approve or disapprove the VanEck SolidX Bitcoin Trust. “Tuesday’s filing marks the second time VanEck and SolidX withdrew the proposed ETF. ...Full story available on Benzinga.com
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IOTA Introduces Chronicle Permanode to Amend Scalability Issues

IOTA, a permissionless trust protocol designed to revolutionize the Internet of Things (IoT) ecosystem by facilitating a frictionless exchange of value between machines and humans, has announced the launch of Chronicle, a permanode solution the team hopes will give node operators an unlimited amount of storage space in their Tangle distributed database, according to aRead MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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