US Startup Introduces Crypto Hardware Wallet Chip for Cell Phones

United States startup VaultTel has introduced a hardware cryptocurrency wallet designed to fit in a mobile phone SIM card tray, a press release from the company reveals on March 6. The solution reportedly combines a mobile application and a hardware chip, dubbed the VaultTel Card. The crypto storage solution will be sold in the U.S. starting today and will “immediately expand” to European countries via VaultTel’s United Kingdom subsidiary. The wallet uses biometric authentication along with the military grade encryption standard, AES 512, the press release reports. According to the…

SWIFT, HSBC, Deutsche Bank to Conduct Blockchain-Based E-Voting PoC

Global financial messaging network, the Society for Worldwide Interbank Financial Telecommunication (SWIFT), is carrying out a blockchain-based shareholder e-voting proof-of-concept (PoC) with major financial institutions. SWIFT announced the news in a press release published on March 6. Per the press release, the PoC will be jointly conducted in the Asia Pacific region with Deutsche Bank, DBS, HSBC, Standard Chartered Bank, securities software provider SLI and the Singapore Exchange (SGX). The test is meant to establish whether distributed ledger technology (DLT) can simplify the management of shareholder meetings. More precisely, the…

Dogecoin

Dogecoin is a parody cryptocurrency created by Australian entrepreneur Jackson Palmer and software engineer Billy Markus in 2013. In an interview, Palmer said the idea for the project came from two internet tabs he had open on his computer at the time: one with a viral internet meme of a Japanese Shiba Inu “doge,” and the other with a list of the recently added cryptocurrency projects to the market. Palmer jokingly coined the phrase “Dogecoin” to himself and took to his Twitter account to post the now-infamous line, “Investing in…

Bitcoin (BTC) Medium Term Trend is Set, $6,000 A Low Lying Picking

Bitcoin price recovering, may clear $6,000 Jihan Wu, the former CEO of Bitmain is a billionaire Transactional volumes low, must spike above 440k countering Q4 losses With newfound financial weight, Jihan Wu can now move towards achieving his goals. In the meantime, Bitcoin (BTC) prices stand to benefit. Should buyers have the upper hand, any surge past $4,500 will be trend-defining in short to medium term. Bitcoin Price Analysis Fundamentals Rumor from multiple sources, insinuates that Jihan Wu, credited for backing Bitcoin Cash during the last hash war to the…

QuadrigaCX CEO Widow Demands $225,000, Draws Ire of Investors Who Lost $150 Million

Jennifer Robertson, the widow of Gerald Cotten, the CEO of Canada’s biggest crypto exchange QuadrigaCX, has requested for reimbursement of $225,000 in court fees. Robertson, who initially filed an affidavit with the Supreme Court of Nova Scotia to reveal the death of CEO Gerald Cotten and the loss of over $150 million in crypto and cash by QuadrigaCX, reportedly claimed she had spent $225,000 to secure QuadrigaCX protection from creditors. Creditors Who are Owed C$260 million in Cash and Crypto are Outraged According to Bloomberg, the creditors of QuadrigaCX, who…

Insolar Launches Testnet 1.1 making it the most Scalable Enterprise Blockchain Platform

Insolar, a global technology company building innovative public and private blockchain solutions, just launched the Testnet 1.1 of its blockchain platform by making use of external nodes in its network. A number of corporate and academic partners have already reserved their nodes, including several bluechip companies and top tier academic institutions. The Swiss technical University ETH Zurich and Toronto’s York University will be participating. advertisement The launch of the Testnet 1.1 coincides with recent improvements in the performance of the Insolar platform. The fixes and enhancements have allowed the network…

Cryptocurrencies Are Great, But the World Is not Ready Yet

Eugene Kaspersky, the CEO of the cybersecurity giant Kaspersky, stated in a recent interview that “cryptocurrencies are a great idea, but the world is not ready for them yet.” Kaspersky made the statement to financial news website Arabian Business on March 1. Kaspersky elaborated, stating that he believes that in the future — “perhaps in a 100 years’ time” — the world will be united under a single government, which turn will have a single, digital currency. According to the entrepreneur, “the world must be united if we want to…

Crypto Markets Mellow After a Surge of Growth, Stock Market Slightly Down

Wednesday, March 6 — after a surge of growth earlier today, most of the top 20 cryptocurrencies have stabilized and are reporting slight to noteworthy gains on the day by press time. Bitcoin (BTC) is hovering near the $3,900 mark again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is up just under one percent on the day, trading at around $3,903, according to CoinMarketCap data. Looking at its weekly chart, the current price is about one percent higher than $3,858, the price at which Bitcoin started…

Global Blockchain Spending Will Grow About 89% in 2019, New IDC Report Says

Global blockchain spending will account for almost $2.9 billion in 2019, which is an 88.7 percent increase from 2018, according to a new report from United States-based market research firm International Data Corporation (IDC). Published on March 4, IDC’s Worldwide Semiannual Blockchain Spending Guide provides analysis of blockchain developments in various segments. According to the report, the financial sector will be the leading industry in terms of spending in blockchain development this year. Banking, securities, investment services and insurance services are forecasted to invest more than $1.1 billion out of…

Crypto-Based Site With 50,000 Products Offers Delivery in Two Hours

A decentralized platform offering “e-commerce on demand” is launching, and says it has the ambition of enabling shoppers to have online orders delivered in less than two hours — with food shopping arriving at their door in 30 minutes. Buying.com says its service will initially be available across six zip codes in New Jersey, providing customers with a choice of more than 50,000 items. A center in the town of Mahwah is going to monitor the platform’s progress, and the startup has bold ambitions to roll out across the state…