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Samsung Galaxy S10 with Cryptocurrency Cold Storage.

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Samsung, the electronics industry giant is planning to integrate cryptocurrency cold wallets in its upcoming mobile phone Galaxy S10.

Samsung, the electronics industry giant is planning to integrate cryptocurrency cold wallets in its upcoming mobile phone Galaxy S10 according to Adnan Farooqi, editor of SamMobile which is the largest community for Samsung.

According to Adnan Farooqi, their community tried to research deeply into the company’s plans after they heard about Samsung’s trademarks for blockchain and cryptocurrency software and after a thorough research they are now concluding that Samsung is developing a software which may be launched in the upcoming model of Samsung Galaxy S10.

Since the start of the year, Samsung, the biggest aggregate in South Korea that has predominance over a considerable lot of the nation’s significant segments has shown its enthusiasm towards the cryptocurrencies.

Samsung entered the cryptocurrency segment with an endeavor concentrated on Bitcoin mining, making mining hardware from its foundry situated in Suwon, South Korea for shipping to worldwide merchants.

 

Samsung and Crypto Industry

From the start of the year, Samsung has been expanding its mining operations, and the cryptocurrency wallet sector of the crypto industry is by all accounts the Samsung’s next target.

Samsung likes to use its current assets to venture into new developing markets instead of making a completely new framework to help it. Samsung has set up a mining equipment manufacturing business as a way to expand the capability of its vast scale foundry and the company’s cryptocurrency wallet that is at present being developed to be incorporated with its mainstream Galaxy S series of mobile phones.

As per SamMobile, if the wallet gets coordinated into the Samsung Galaxy S10, company’s clients will have the capacity to import their data from existing wallets such as MetaMask to their mobile phones.

 

If large industry giants such as Samsung start to integrate cold wallet storage in their mobile devices that are already mainstream, then companies such as Trezor and Ledger that focus only on this segment shall be counted as unnecessary.

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4 Comments

4 Comments

  1. Joe Mollis

    December 13, 2018 at 8:16 am

    Ummm…the point of cold storage is to keep it out of reach of hackers, not connected to the internet. Cold storage connected to a network enabled device like a phone is the opposite of that.

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#Blockchain

IOTA & Ledger Collaboration: What are the gains?

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IOTA and Ledger: Ledger will provide access to the digital coins in a secure high-tech chip by integrating with the wallets of IOTA Trinity and Romeo.

Some interesting developments are happening with IOTA Foundation, which is a non-profit organization, aligning with Parris-based security and infrastructure solutions provider for digital coins, Ledger. The two have come together to integrate IOTA’s digital coins with security firms for cryptocurrency’s hardware wallets. This is a crucial development considering that hackers have stolen more than $1 billion in the current year itself from the virtual assets market.

 

Protect Private Keys

In a blog post, the foundation said that the Nano S hardware wallet from the Parris-firm would allow users to protect private keys. Ledger will provide access to the digital coins in a secure high-tech chip by integrating with the wallets of IOTA Trinity and Romeo. This will also detach the key of the user’s account from their smartphone, as well as, computer. This is done by offering an additional security layer thus preventing hackers to hack the users’ accounts.

As far as users are concerned, they would have to authorize transactions on their Nano S hardware wallet. This comes as part of the procedure for heightened security as customers attach much importance to the issue. This is also quite evident when Ledger CEO, Eric Larcheveque, pointed out that its primary focus centered on offering not only the highest quality but also the security levels in both the enterprises. He believes that the collaboration between the two has established synergy immediately on creating compatibility features.

 

Manage Tokens

IOTA CEO indicated that the feature enables users to get access for storing, as well as, managing its digital currencies on the Parris-based firm’s devices. The Nano S wallets are created through a unique operating system. This is treated as BOLOS and is combined with a security chip. The company disclosed that the chip, which is an EAL5+ certified one, is being used in the wallet is much similar to the one used for passports or credit cards.

The wallet is not only a tamper-resistant platform but also have the capability of hosting data and apps securely in line with the pre-authorized security and rule requirements. Therefore, it would not be an easy task for anyone to hack due to the secure chip. However, even amateurs could access if it is generic miscontrollers. IOTA is known as an open-source distributed ledger technology (DLT). The foundation is keen to look beyond the blockchain technology.

 

Scalable

IOTA is also scalable without any additional cost transaction fees. Similarly, it could scale data integrity to drive the Internet of Things (IoT) future. The foundation’s co-founder and co-chair, David Sonstebo, said

“Hardware wallets are regarded as the safest way to store cryptocurrencies. At IOTA, we committed to delivering the safest and most good standalone cryptocurrency wallet. The Trinity wallet is well on its way to fulfilling that commitment, and today we are proud to announce the next step on the journey.”

Pointing out that Ledger has earned a reputation; he said that reliability and security have made it a perfect choice for integration with IOTA’s Trinity. He added that without the contribution from developers and Ledger team, it would not have been possible.

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#Wallet

Blockchain Company launches new hardware wallet: Blockchain Lockbox

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Famous Cryptocurrency Online Wallet Service company Blockchain has launched its new hardware wallet that allows users to store their cryptocurrencies.

Famous Cryptocurrency Online Wallet Service company Blockchain has launched its new hardware device (hardware wallet) that allows users to store their cryptocurrencies in a cold storage.

Blockchain Company has collaborated with Ledger (a hardware security company) to launch this cold storage wallet that allows the cryptocurrency investors to hold their cryptocurrencies and private keys to safeguard it from cyber attacks and theft.

 

Blockchain Lockbox

The device is called Blockchain Lockbox which was launched after a countdown which was being held at the Blockchain Company’s official website blockchain.com. The hardware wallet is compatible with the online wallets of Blockchain.com so the users can store the full holdings or a part of their holdings in offline storage.

The Blockchain Lockbox can be purchased from the company’s official website blockchain.com. Currently, prebooking is going on for the same while the shipping will start from the 8th of November 2018 (according to the website content).

The ledger wallet company is already a successful leader in the terms of hardware wallets and claims to have sold over a million crypto hardware devices in just 2017 with the company’s current valuation of over $1 Billion.

 

Hardware Wallets are regarded as safer than the online wallets as they are at a less risk of getting hacked.

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#Bitcoin

John Mcafee: Regulations are designed to control you, also hits on HitBTC again

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In a recent video released by Bitcoin.com, John Mcafee says that regulators are not meant to protect you regulations exist to control you.

John Mcafee says do not fall prey to Lions

In a recent video released by Bitcoin.com, John Mcafee says that regulators are not meant to protect you regulations exist to control you.

 

 

John Mcafee: HitBTC is eating people’s money

John Mcafee hit again on HitBTC saying that HitBTC is like a Lion waiting for gazelles. The only way to avoid this is my stop visiting the Lion, or “HitBTC”.

Recently some people have been reporting withdrawal issues with the cryptocurrency exchange HitBTC. They mentioned that the exchange was delaying their withdrawal requests and sometimes it even reached weeks together. Hence the users which are who are stuck with their MTC coins on HitBTC would not be able to receive airdrops.

McAfee also held the exchange responsible for millions of poor who cannot access the services of the exchange due to the high buy-in rates. Post which he called for his community to Boycott the exchange altogether.

A survey done by John in July, shows 82% of people are not satisfied with HitBTC.

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