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Bitcoin Asset Manager Casa Reveals New “Military Tech” To Protect Crypto Hardware Wallets

You can always count on Casa, a Bitcoin management startup, to offer its several opportunities to store their Bitcoin more safely. Now, the company has just revealed to Coindesk its newest product: “Faraday bags” for hardware wallets. This device was inspired in a military technology which was created to protect the user from electromagnetic pulse […]
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Korean Giant Kakao Corp to Introduce Crypto Wallets Soon to 44 Million Users

South Korea has always been one of the nations where cryptocurrencies generate a strong enthusiasm in the population, and several major corporations are determined to exploit the full potential of blockchain technologies and their surrounding hype. Kakao Corp, one of the leading internet companies in the country, has demonstrated a growing interest in the use of cryptocurrencies and blockchain technologies. Recently, an article published by the Korean financial news portal FN News, the Asian giant is natively setting up a crypto wallet in its instant messaging application Kakao Talk. Kakao Friends: Little comics used in Kakao Talk Kakao: Getting Ahead of Its Competition With this decision, Kakao would be introducing about 44 million people (the reported number of users of the instant messaging platform) to the world of crypto coins. The portal explains that Kakao intends to make it possible for users to send money to each other quickly and easily: “All users of KakaoTalk will have a cryptocurrency wallet and will be able to send and receive crypto as easily as sending a KakaoTalk message. Although transacting in cryptocurrencies is easy for those who are used to the process, the possibility of doing it from within the messaging application itself with no prior configuration is something that millions of potential customers would appreciate. Kakao’s payment processing service is by no means small. According to information from ZDNetin 2018 alone, Kako Pay processed over 20 trillion Won in transactions (about 17.7 billion dollars). This strategy allows Kakao to place itself at the forefront of a service that is attracting a good part of significant competitors that also want to use cryptocurrencies and blockchain technologies to facilitate remittance of money via messaging applications. Giants like Facebook, Telegram, and even Naver are actively working on the development of crypto payment services. Kakao is Not Only Working on a Cryptocurrency Wallet. They Want To Build a Native Blockchain To Integrate All Kakao Services Kakao’s bet is much stronger. Not only do they expect to facilitate transactions with cryptocurrencies, but they are also working hard on a native blockchain which they hope to launch in mid-2019- The Klaytn project has already raised more than 90 Million dollars in the first round of a Private Coin Offering The community of crypto enthusiasts welcomed the plan with optimism. Heslin Kim, the South Korea-based CEO of BlockchainROK, commented to CCN that such initiatives could play an essential role in the future adoption of crypto by society: “Kakao is representative of South Korea, a country with over 55 million people. It embodies the fast paced, technology driven lifestyle that Koreans adopt so readily. It’s an app so deeply attached to what it means to be Korean.The fact that one of the most widely adopted apps, with over 95% market share, is publicly promoting and spreading blockchain/crypto is tremendous for mainstream adoption. Connect the dots with the market share and total population. With Samsung’s S10 and now Kakao’s wallet we can continuously expect Korea to be at the forefront of the DLT disruption.” The post Korean Giant Kakao Corp to Introduce Crypto Wallets Soon to 44 Million Users appeared first on Ethereum World News.
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4. Getting Prepared to Buy Bitcoin – An Overview of Wallets

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Quadriga Mystery Deepens as Auditors Discover Cold Wallets To Be Empty

The investigation into the failure of QuadrigaCX continues to reveal evidence of deception and mismanagement by the exchange’s operators. Ernst & Young, the court ordered auditor of Quadriga’s crypto holdings, has announced that cold wallets, in which most of the exchange’s deposits were presumed to be held, are empty. Also, the accounting firm has reported that Quadriga was using customer funds to trade crypto on its own platform and did not keep proper records or file any financial reports. The cold wallets sit at the center of the mystery and drama surrounding Quadriga’s collapse. The wallets were on an encrypted laptop belonging to the exchange’s founder and CEO, Gerald Cotten, who died in December while traveling in India. Earlier this year Quadriga representatives, as well as Cotten’s widow, Jennifer Robertson, asserted that the wallets held as much as USD $137 million of customer’s crypto deposits. After cracking the laptop Ernst & Young’s researchers now claim that five of the six wallets were emptied last April, although a sixth “hot” wallet appears to have been used for exchange operations. Since Quadriga ceased operations in December confusion has surrounded the whereabouts of the customer’s crypto funds. Significant amounts are believed to have been held on other exchanges, and there is no shortage of rumors and speculation about a possible exit scam by Robertson or others associated with Quadriga operations. There are even those that claim Cotten faked his death as part of an elaborate scheme to steal the funds. Kraken has volunteered its expertise in helping recover the missing cryptocurrency, and has offered a $100,000 reward to anyone who can successfully locate it. Based on data provided by Kraken, some researchers are now claiming to have located $90 million in Ethereum held by Quadriga in various exchange accounts. In addition to revealing information about the empty cold wallets, Ernst & Young asserts that Quadriga had fourteen internal accounts that it was using to trade cryptocurrency on its own platform. It is unknown if customer deposits were used to fund these accounts, or which individuals were behind them. Platform data that may reveal more information may be held by Amazon Web Services, and a court order has been issued to retrieve it. In other developments, the Nova Scotia Supreme Court has granted Quadriga an additional 45 days of creditor protection, which may be further extended if the exchange continues to act in good faith to satisfy claimants. Additionally, Robertson has filed for reimbursement of CAD $300,000 which she claims she provided as “interim financing” to help the exchange with legal issues. Finally, more sources are reporting that Quadriga co-founder Michael Patryn is, in fact, Omar Dhanani, who was convicted by a U.S. court in 2004 of identity theft and credit card fraud. Patryn continues to deny this assertion. The investigation into the Quadriga collapse is raising as many questions as it answers, as more evidence emerges of an exchange that was grossly negligent in its handling of customer funds. Although some of the lost cryptocurrency may be recoverable, it is increasingly likely that victims will never receive full compensation. It is also all but certain that much more time will pass before the full extent of this ordeal is known. Related articles: The Mystery Around QuadrigaCX Continues As Questions About Its Co-Founder AriseFailed Exchange QuadrigaCX Claims $190 Million Lost Amid Speculation of Foul Play
Crypto-News.net

Bitcoin exchange Bitinka to update user wallets for Lightning Network

CryptoNinjas Bitinka, the Latin American based bitcon exchange, today announced that from March 26th, 2019 from 4:00 PM (GMT-5) the exchange development team will be performing an update on its Bitcoin wallet (BTC), as part of Tether (USDT) and Lightning Network (LN) integrations. From the date... Bitcoin exchange Bitinka to update user wallets for Lightning Network
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Zcash Upgrades to Sapling

On 18 October, Monero integrated Bulletproofs as the core change in its latest Beryllium Bullet release. Yesterday Zcash, the runner-up to the largest privacy coin by marketcap, rolled out Sapling, a major network upgrade that introduces significant performance and functionality improvements to shielded transactions

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DIGEST

Tether destroyed 500 million USDT, Swissquote allows ICO participation, Coinbase added its first stablecoin, IDEX to block NY users, Vertex Ventures invests in Binance, the biggest crypto theft in Australia, Sony creates contactless hardware wallet, Japanese crypto exchanges got a self-regulatory status, Bitcoin Futures still lack volume — in this weekly news

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ESSENTIAL

Cardano claims to be a third-generation cryptocurrency that seeks to provide a scalable, interoperable and sustainable ecosystem with a two-layer architecture using a peer review-based approach to development

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Get EOS Airdrop Token Every Hour Is Now Possible on Infinito App Square with PRA CandyBox!

SINGAPORE, Mar 22, 2019 - (ACN Newswire) - Infinito Wallet's crucial partnership with global leading EOS block producers and block producer candidates comes along with valuable benefits for users. This March 13th, support for EOS DApps will officially be available on Infinito Wallet's newly launched App Square and the well-known EOS token distribution DApp - PRA CandyBox will be at Infinitors' service along with a great deal of airdrops everyday.Developed by ProChain based on the EOS main network, PRA CandyBox is the top 1 EOS DApp listed on DappRadar and the only airdrop-related dApp among the top 100 dApps as of 19 February 2019. With the join of this DApp, Infinito Wallet's users are now gifted with EOS candies everyday or even every hour. To be specific, the amount of EOS airdrops users can get daily varies in accordance with their account's level. To heighten level, wallet owners can deposit EPRA token - PRA CandyBox's proprietary token - into their account. This means the more EPRA token users deposit, the more EOS candies and the shorter duration for them. Level 1 accounts are those with less than 1,000 EPRAs, can repeatedly claim tokens every four hours. While top accounts like level 12 are rewarded with up to 12 airdrops every hour. Users can find this DApp inside Infinito App Square, displayed as "Browser" in the Universal Wallet. Convenience is one highlight of this EOS token distribution as PRA CandyBox keeps their airdrop "game" extremely simple. To receive candies, Infinito Wallet's users simply need to click on the airdrop project, input password and tap "confirm". That's it!*Please note that you must own an EOS account ...Full story available on Benzinga.com
Benzinga

Why Square’s Bitcoin Hiring Spree is Crucial for Crypto Adoption

Jack Dorsey, the CEO of Square, the $32.7 billion mobile payment giant based in the U.S., revealed that Square would fund three to four developers and a designer to work on the open-source protocol of Bitcoin and the crypto ecosystem. Independent of the core business strategies of Square, the team of developers and a designer will work to contribute to the cryptocurrency ecosystem in a variety of ways, potentially by contributing to the open-source codebase of the Bitcoin network. #BitcoinTwitter and #CryptoTwitter! Square is hiring 3-4 crypto engineers and 1 designer to work full-time on open source contributions to the The post Why Square’s Bitcoin Hiring Spree is Crucial for Crypto Adoption appeared first on CCN
CCN

Square is Hiring: You Can Be Paid in Bitcoin if You Want

Twitter and Square founder Jack Dorsey has always been bullish in his Bitcoin views. So it’s no surprise that his payments startup Square is now offering new employees the chance to be paid in Bitcoin. According to tweets from the CEO, the company is on the hunt for skilled labor to add to the team. Square Bitcoin Payments If Dorsey’s tweets are anything to go by, then the company is hiring engineers and a designer to “work full-time on open source contributions to the bitcoin/crypto ecosystem.”  The Square cash app already supports Bitcoin purchases ... ﾿ Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
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