Wallets

The Four Essential Types of Crypto Wallets

When you initially get some Bitcoin, or any other coin, asset, or token, you will need to keep it in a wallet. As a rule of thumb, wallets are designed for specific coins. For example, you keep Bitcoin in a Bitcoin wallet. You keep Ethereum in an Ethereum wallet. Essentially, there is at least one wallet for each and every coin. But increasingly there are more options for the more popular coins and there are also multi-coin and multi-asset wallets. To help keep things as simple as possible for you, we are recommending a multi-asset wallet that can hold several of the most popular coins and assets. I’ll walk you through setting up that wallet in just a bit. It’s going to seem like there a lot of different kinds of wallets and at first, you might find it a little confusing. Don’t worry. I’m ...

Bitcoin Cash Set To Close Out 2017 With Huge Infrastructure Support

Bitcoin Cash has seen a significant growth throughout the year; from merchant acceptance, cryptocurrency business integrating support, and many other additions to the BCH economy, which show that Bitcoin Cash will no doubt have some robust infrastructure for the year ahead. The price of Bitcoin has jumped significantly, topping at $2,000 per BCH. With figures like this, it is easy to see that it still commands the fourth largest market capitalisation this month, with the market cap surpassing $31billion. The trade volume has been incredibly high all week, and today, it has traded over $2.4billion worth of BCH. An astonishing figure, I’m sure you can all agree.   Since the hard fork on 1st August 2017, the BCH chain is approaching 30,000 mined blocks. It is operating at approximately 9 perc...

Developers Discuss the State of Bitcoin Privacy at Baltic Honeybadger Conference

A major highlight of the recent Baltic Honeybadger 2017 conference in Riga, Latvia was the final panel at the end of the second day of events, which consisted of a number of well-known developers in the Bitcoin ecosystem. During the panel discussion, the developers shared their thoughts on the current state of privacy in Bitcoin. Various participants on the panel pointed out the close relationship between privacy and scalability, the privacy issues with light wallets, and how the ecosystem is now on the cusp of a number of different privacy enhancements. Bitcoin Privacy Improves as the Technology Scales by Default The first panelist to comment on the topic of privacy in Bitcoin was applied cryptography consultant and sometimes Bitcoin Core contributor Peter Todd. For Todd, the main point h...

JWALLET ready to take over the globe!

The majority of people will recognize that Ethereum is a valuable addition to the realm of cryptocurrency and blockchain. Although the system is not without its flaws, significant progress has been made over the previous two and a half years. However, when it pertains to Ethereum wallets, there is still some work to get done. Jibrel Network, a Swiss company registered in Zug, is developing the jWallet, a product whose performance extends far beyond stashing cryptocurrencies. JWALLET INTEGRATES CRYPTOCURRENCY AND STANDARD INVESTING For the time being, jWallet comes to the public. Anyone looking for a different kind of Ethereum and ERC20 wallet can give it a go, although one has to keep in mind the software is still in the alpha stage of development. Problems may occur, and it is not advisab...

Bitcoin Gold Finally releases statement on SCAM

Bitcoin Gold have finally released a statement regarding the MYBTGWALLET scam. The team behind bitcoin gold address several key points. Bitcoingold.org is an informational community website for the Bitcoin Gold open source project. We do not hold user funds. We work hard to fairly promote all third-party developers in the crypto community – large or small, established or new. All mining pools, explorers, wallets, and exchanges that announce their support of BTG and request to be listed are given an opportunity to freely promote their services to the community. Also in the interest of fairness, we share the news of new providers via social media, with retweets, shares, etc. Neither these actions nor listing on the bitcoingold.org site should be taken as endorsements of third parties. We can...

Bug discovery leads to $150m worth of Ethereum being ‘frozen’

It’s feared that over $150m worth of Ethereum may have been irretrievably frozen after a bug in a digital Ether wallet was triggered. The bug – hidden in code written by Parity Technologies – is thought to have been triggered by a developer who was looking through the code and searching for ways in which to exploit it. In doing so, he inadvertently became the joint owner of hundreds of Ether wallets and, when he tried to reverse his mistake, the original owners found that they no longer had access to their share of the cryptocurrency. Who is affected? Parity Technologies have said that wallets created after 20th July this year were affected and provided a link through which Ether holders could check to see if their wallet had been frozen. It is thought that around 584 wallets –...

Protecting your wallet from the CryptoShuffle Trojan

Kaspersky Labs, a cybersecurity firm based in Russia, has warned cryptocurrency owners that due to a trojan known as CryptoShuffler, their coins are not even totally safe in private wallets. The trojan is managing to steal coins from users by replacing the wallet URL addresses on a user’s clipboard as they copy and paste the information for transfers. As the trojan makes use of the built-in clipboard function on computers, it can steal from any wallet or cryptocurrency. According to Kaspersky, as of the end of October 2017, cybercriminals have managed to steal 23 Bitcoins, which is currently equivalent to approximately $140,000. It isn’t just Bitcoin that is at risk, however. Thousands of dollars worth of other cryptocurrencies including Litecoin, Ethereum, Zcash and Dogecoin and many more...

Stash Wallet Makes Bitcoin User Friendly While Retaining Its Core Value Proposition

Late last week, Stash made their bitcoin wallet available for download on the Google Play Store. This is a wallet that is many years in the making, with its roots based in the Open Transactions project, which has been discussed as an extension to Bitcoin since 2010. Stash Wallet has support for both Bitcoin and Bitcoin Cash, in addition to the testnets for the two cryptocurrencies. During a presentation at the recent Texas Bitcoin Conference, Stash CTO and co-founder Chris Odom indicated other cryptocurrencies will eventually be added to the wallet. The goal of Stash is to offer financial autonomy to those who desire it in a user friendly manner. The company’s first product was the Stash Node Pro, which is a Bitcoin full node combined with an Open Transactions server that can run in one’s ...

Types Of Cryptocurrency Wallets Explained

If you invest in cryptocurrencies, it is beneficial to store them in a wallet. This will help to protect your investment; however, knowing which wallet to choose can be somewhat confusing. For more basic information regarding what a cryptocurrency wallet is, and how it works, please see our other guides, where we go into more detail. For now, we will be focusing on what types of wallets are available to you, how they differ, and which one is right for you. Before we take a look at the different types of cryptocurrency wallets, and the advantages and disadvantages of them, we will just run through a few additional wallets, as background information, which will then help you when we come onto the different types of wallets available to you. Cryptocurrency Wallet Categories Hot and Cold Walle...

Apple Approves Toast Wallet For Ripple XRP

Apple has been moving in the right direction recently and making it easier for cryptocurrency wallets to get approved. Firstly, Dash got Apple App Store status. Yesterday, the company approved Toast Wallet, designed for XRP users. Most XRP users will have heard of Toast Wallet by now. The solution has been available to Android users for quite some time. Getting approved in the Apple App Store, on the other hand, has proven to be quite challenging. It took the company about a week before they received word back regarding their application. Thankfully, the news is positive and Toast Wallet is now an official iOS app. This makes it easier for iPhone and iPad users to access and store their XRP holdings. There is a bit of a shortage when it comes to XRP wallets. Especially in the mobile depart...