Quote: from: cheezcarls on November 13, 2019, 06:51:36 PM https://3xz7gj47vd1t2zgr1q19hmwl-wpengine.netdna-ssl.com/wp-content/uploads/2019/11/bic_china_bank_control_crypto-750×375.jpg
The Peoples Bank of China (PBOC) is the first major central bank to hint at issuing its own digital currency. Consumers fear an end to the anonymity of cash, but officials say that their goal is controllable anonymity.
Based on data from patents that have already been filed, Chinese businesses and citizens would download digital wallets which can be replenished from bank branches and then used to make digital cash payments.
Read the full news here
I don’t know what are you going to say about this guys regarding “controllable anonymity”. Do you think it’s a good thing for Chinese consumers? As China is pushing to invest big time on blockchain by 2023, along with removing the “cryptocurrency mining” ban and circulating a Bitcoin article to their citizens, I think it’s a good sign.
I strongly believe that Bitcoin and other cryptocurrencies would be massively adopted much faster as China is back in the game as one of the biggest crypto players around the corner.
Controllable Anonymity? That is, the People`s Bank of China directly says that their cryptocurrency will be controlled by third parties? In my opinion this is a failure, no one will be tempted
Bitcoin is een revolutionaire digitale valuta die de manier waarop we over geld denken verandert, maar de complexiteit ervan kan ontmoedigend zijn voor de gemiddelde gebruiker. Maar nu niet meer! Dit boek rekent af met de complexiteit en legt de basis van Bitcoin uit in eenvoudige taal. Het is geen lesboek, maar een niet-technische inleiding die de meest voorkomende en belangrijkste vragen die beginnende gebruikers over Bitcoin hebben beantwoordt. Geen jargon, geen technobabble en geen technische voorkennis vereist. De volgende vragen worden beantwoord in het boek: Wat is Bitcoin? Waarom is het zo bijzonder? Wat is de blokketen? Wat is mining? Wie heeft de controle over Bitcoin? Is Bitcoin veilig? Is Bitcoin anoniem? Hoe kan ik Bitcoin veilig gebruiken? Is het een goed idee om te investeren in Bitcoin? … en meer! Je zult niet het gevoel krijgen dat je een andere taal aan het leren bent of een studie computerwetenschappen aan het doen bent! Vereiste voorkennis: geen! Als je ooit eerder iets online gekocht hebt, weet je alles al wat nodig is om dit boek te begrijpen en de basis van Bitcoin te leren.
Chinese Regulators Set to Push Inspections of Crypto Mining firms #innermongolia #globaltimes #cryptocurrency #renminuniversityofchina #blockchain #bitsmart https://t.co/jy9ZLui01X
RT @socdoctweets: Congrats to @darosulakauri for her extraordinary photos in the @nytimes of bitcoin mining in Georgia. Tax breaks, land de…
CryptoCompare: Crypto Market Exchange Pricing Data Guide
CryptoCompare is a market and pricing data platform founded in 2014 to provide retail and institutional investors with the data they need. Find out everything you need to know about how CryptoCompare works and what they offer to cryptocurrency enthusiasts in our review.
What is CryptoCompare? CryptoCompare is a crypto market information service that aims to bridge the gap between crypto-asset markets and traditional financial markets.
Founded in 2014, CryptoCompare has grown to provide cryptocurrency data to companies around the world, giving retail and institutional investors access to real-time, high-quality, reliable market and pricing data for 5,300+ coins and 240,000+ currency pairs.
CryptoCompare gets its information by aggregating and analyzing tick data from major cryptocurrency exchanges. Then, CryptoCompare integrates different datasets to create cryptocurrency prices . The result is not just the price of Bitcoin , but a holistic overview of the market. CryptoCompare also provides data at the granular level, including cryptocurrency trade data, order book data, blockchain, and historical data, social data, reports, and a suite of cryptocurrency indices.
CryptoCompare, who is based in London, has an Alexa ranking of under 17,000 globally and is free for personal and non-commercial purposes. It’s also free for commercial trials. Commercial customers, meanwhile, can pay $80 to $200 per month for a CryptoCompare subscription, with customized enterprise pricing also available.
CryptoCompare Features CryptoCompare offers the following key features and benefits:
Historical and Real-Time Digital Asset Data: CryptoCompare’s core service is its data. The company provides institutions with definitive, real-time digital asset data through its API. The company’s API and WebSocket solutions offer institutional-grade crypto data to millions of customers worldwide.
Custom Bespoke Digital Asset Data Service Solutions: CryptoCompare offers bespoke, tailor-made implementations, including enterprise data access packages and digital asset indices catered to the unique needs of organizations.
5,300+ Coins: CryptoCompare supports virtually every notable coin in the crypto-sphere. As of November 2019, CryptoCompare supports 5,300+ coins including the big ones like Bitcoin ( BTC ), Ethereum ( ETH ), Litecoin ( LTC ) and Ripple ( XRP ) .
240,000+ Currency Pairs: CryptoCompare tracks 240,000+ currency pairs on markets worldwide.
Mobile Apps: CryptoCompare offers mobile apps for iOS and Android. The mobile apps let you follow live crypto prices in real-time, add coins to your watchlist, and keep up-to-date with crypto news. You can also maintain multiple portfolios, view detailed information about each coin, and apply technical analysis, among other features.
Exchange Reviews: CryptoCompare releases crypto exchange reviews every month. These exchange reviews cover the latest updates from the world of cryptocurrency exchanges, including monthly trading volume, unique currency pair movements, exchange-by-exchange volume breakdowns, and more. CryptoCompare only reviews trusted exchanges, including exchanges from which CryptoCompare collects data.
Top Lists: CryptoCompare has several ‘top lists’ on its website where they feature the best of a certain category. They have a list of the top coins, exchange, ICOs, mining platforms, wallets, cards, and gambling platforms, for example.
Research: CryptoCompare periodically releases high-quality research, including exchange reviews, benchmarks, and detailed guides on specific coins. The company’s in-house team of analysts and data scientists offer objective insight into all different aspects of the digital asset industry.
40,000 Calls Per Second: CryptoCompare’s API supports up to 40,000+ calls per second and 800+ trades per second.
Digital Asset Summit: CryptoCompare has launched an event called the CryptoCompare Digital Asset Summit. The event takes place in London, bringing together experts from across the digital asset and data analysis industry.
Free and Paid Subscriptions: CryptoCompare is free for personal and non-commercial users. Commercial users, meanwhile, can pay $80 to $200 per month, with customized enterprise pricing also available.
Unique Digital Asset Price and Index Methodology: CryptoCompare uses its proprietary aggregate index methodology called CCCAGG to calculate the market price of crypto pairs traded across exchanges. Based on this information, CryptoCompare can create aggregate digital asset indices.
Digital Asset Indices: CryptoCompare offers a wide range of digital asset indices through either itself or its partners, including the Amun Crypto Basket (HODL5), the Crescent Crypto Alt (CCALT), the MVIS Bitcoin OTC Spot (MVBTCO), and the MVIS CryptoCompare Ethereum (MVETH), among dozens of other indices. Many of these indices are created in partnership with MV Index Solutions (MVIS), which is a subsidiary of VanEck.
Custom and Whitelabel Solutions: CryptoCompare offers a suite of indices that provide comprehensive market valuation benchmarks. Customers can partner with CryptoCompare to create their index, for example, by taking advantage of CryptoCompare’s custom and white label solutions. CryptoCompare’s custom and whitlelabel solutions include independent index backtesting, end-of-day, and real-time index calculation, methodology consultation and support, index maintenance and administration, index documentation, and public dissemination via leading vendors (Bloomberg, Factset, Morningstar, and Refinitiv).
How to Use CryptoCompare Using CryptoCompare is easy. Just visit CryptoCompare.com, choose your plan, then get your key.
If you are a personal or non-commercial user, or if you want a trial, then you can get your free key instantly. CryptoCompare just needs an email address and password to sign up for the platform.
If you are a commercial user or have higher-end data needs, then you can sign up for a commercial plan through CryptoCompare. Plans range from $80 to $200 per month for small and medium-sized businesses.
Up until recently, CryptoCompare offered only a free, publicly-available API with IP-based rate limiting. Starting in late 2018, however, CryptoCompare implemented a new API data service that caters to both personal and commercial users with API key authentication.
Enterprise users, meanwhile, can contact CryptoCompare for custom pricing and custom data solutions.
How Does CryptoCompare Work? CryptoCompare provides institutions and retail investors with real-time digital asset data. Based on your subscription package, you can access a certain number of calls per month and 60+ market data endpoints.
You can also view the full daily and hourly historical data. All subscription plans have access to 7-day minute historical data, although enterprise users also gain access to a full year’s worth of minute historical data.
CryptoCompare connects with leading exchanges to collect this data. Then, customers access CryptoCompare’s data via APIs and WebSocket solutions.
CryptoCompare also offers customized integration solutions, including bespoke options for enterprise users who want to integrate CryptoCompare’s data feed into their existing systems.
CryptoCompare also offers crypto indices, making it easy for institutions and retail investors to view market information at a glance. CryptoCompare’s real-time aggregate index methodology (CCCAGG) calculates the market price of cryptocurrency pairs traded across exchanges. Aggregating transaction data from more than 170 exchanges, CryptoCompare uses a 24-hour volume-weighted average for every currency pair, ultimately creating something like CCCAGG BTC -USD.
At the same time, CryptoCompare acknowledges that data can be inconsistent across exchanges due to factors like hackings , broken APIs, low liquidity levels, transaction fees, and market manipulation . That’s why CryptoCompare’s methodology accounts for a comprehensive range of parameters, including outlier detection across trades, to ultimately deliver the most accurate possible data to customers.
Finally, CryptoCompare publishes a monthly exchange review to maintain a pool of CCCAGG exchanges that meet a minimum data standard. CryptoCompare reviews and amends this pool each month to ensure the most representative and reliable market data from constituent exchanges are used in CCCAGG calculations.
CryptoCompare Pricing CryptoCompare has four different pricing tiers catered to different types of users, including all of the following:
Personal (Free) Free key for personal/non-commercial projects or commercial trial purposes
100,000 calls per month 60+ market data endpoints Full daily and hourly historical data 7-day minute historical data Binance ( BTC -USDT) order book snapshot Customer support via the FAQ section Commercial ($79.99 Per Month Paid Annually / $95.99 Per Month Paid Monthly) For small scale commercial projects needing a basic crypto data solution
250,000 calls per month 60+ market data endpoints Full daily and hourly historical data 7-day minute historical data Binance ( BTC & ETH ) order book snapshot Customer support via email Commercial Pro ($199.99 Per Month Paid Annually / $239.99 Per Month Paid Monthly) For medium-sized organizations and institutional clients needing advanced crypto data solutions
750,000 calls per month 60+ market data endpoints Full daily and hourly historical data 7-day minute historical data Full Binance order book snapshot Customer support via priority email Enterprise (Custom Pricing for Enterprise Users) For large enterprise organizations and institutions needing a fully customizable crypto data solution with unlimited data access
Custom number of calls per month 60+ and custom market data endpoints Full daily and hourly historical data Year+ minute historical data Order book snapshots and streaming from multiple exchanges Customer support via account manager Bonus features like indexing services, FIX connectivity, private servers You can pay for CryptoCompare subscriptions via Visa, MasterCard, American Express, BTC , or ETH .
CryptoCompare offers refunds within 30 days of receiving payment. CryptoCompare also offers a fair-use refund policy: if you have used less than 10% of your monthly call limit then you can call CryptoCompare’s support team within 30 days of payment and the company will review your activity to determine if you are eligible for a full refund.
About CryptoCompare CryptoCompare was founded in 2014. The company is based in London, U.K.
The company is led by Charles Hayter (CEO & Co-Founder) and Vlad Cealicu (CTO & Co-Founder). Hayter previously worked as an Equity Research Analyst at CitiBank and Westhall Capital, while Cealicu worked as a Web Developer for ADVFN and as the Head of Software Development at LSBF.
CryptoCompare transparently lists all team information online, including team contact information, LinkedIn profiles, and other information.
CryptoCompare has also partnered with some major names in the space. These strategic partnerships help CryptoCompare bring real-time information to its customers.
CryptoCompare has partnered with VanEck’s indices division, MVIS, for example, to deliver a suite of indices for cryptocurrencies (similar to the FSTE or NYSE matrix). CryptoCompare also provides data to Refinitiv and has a partnership with Nasdaq, Binance , Coinbase , and other major corporations.
Final Word CryptoCompare is one of the leading digital asset data providers in the industry along with popular cryptocurrency market services like CoinMarketCap and CoinGecko . The company is trusted by some of the biggest names in the space, including Refinitiv, Binance, Coinbase, and MVIS. The London-based organization offers free plans to personal, non-commercial users along with paid subscriptions for small, medium, and enterprise users.
Mining is Back in the Game with Online Simulator RollerCoin
Click here to view original web page at www.newsbtc.com
Hardly any facet of real life has not yet been reflected by simulator games. Widely ranged, from extra-popular The Sims to realty tycoons and trading simulators, they aim to help users train their skills and fresh thinking rather than merely entertain them. The same applies to the cryptosphere, with mining simulators spreading across the Internet. The reason why more and more users are getting hooked on seemingly uneventful mining gameplay is getting real rewards in cryptocurrency, without spending a dime on rigs or utilising CPU power.
The blockchain-empowered mining simulator RollerCoin is taking a huge step further by empowering players to build their own virtual enterprises. The real market model, tough competition, realistic levers for building a business empire, as well as customized characters – from geeky engineer to hard-boiled capitalist – are what 1,000 website’s daily newcomers are getting excited with. The thought-out in-game economy, which elaborately reflects the real market system, sets RC apart from mining simulators that largely turn out to be BTC-faucets.
At first glance, the difference between mining simulators and Bitcoin-faucets may seem vague. The latter ones dispense tiny rewards every few minutes in exchange for watching ads and luring new users to get traffic from them. You are supposed to sign in as often as you can, watch videos and complete surveys. Although such websites are often titled with the words “mining” and “game” and position themselves as mining simulators, this only halfway corresponds to what they are really all about. De facto, they barely satisfy those seeking for more sophisticated game process – and this is what RollerCoin aims to offer, along with the close-to-real-world in-game economy.
While bitcoin mining is full of quite tedious tasks such as buying bulky equipment and paying electricity bills, RC gets users rid of all these hassles. The player signs up without any registration fee and starts earning initial capital simply by playing games, by now at a low level of difficulty. Started small, the difficulty gradually levels up and this leads to getting more satoshis and hash power. The Proof-of-Fun algorithm verifies the results of each game before winnings are distributed among players.
Once having enough money, the user is able to either withdraw them or spend on a mining rig to earn more, without even playing games. From this moment, the player gets a taste and begins to actively reinvest earnings in rigs to gain passive income. The higher your hashrate, the more satoshis you get when a new block on the blockchain is mined. The mining power is not dependent on the hardware you play on, be it powerful PC or budget mobile device.
The passion for victory is required for keeping things going. Upon winning a certain amount of games the user gets a virtual computer which enhances the mining power for a few days. Special events and contests where users are granted various upgrades are constantly adding fuel to the fire.
Starting with nothing but the bare-bones – an office equipped with a table, chair and fan – the player constantly expands his enterprise by acquiring new miners and rigs.
A new location (office, warehouse or even airport) will definitely be needed soon to be rented and properly equipped.
All acquired real estate, hardware, as well as branded clothes that match your character’s individuality, can be sold on the internal websites’ marketplace. That is what the internal token, now being distributed among active community, is needed for. It enables to exchange upgrades and bonuses, open hidden levels and loot-boxes with rare items, pay entrance fees for championships and events and carry out any operation within the game. Apart from transacting on a trusted website, players are getting free of problems associated with the use of multiple cryptocurrencies. Besides, the holders will be eligible to vote on RollerCoin’s governance issues.
According to the RC website, within the next nine months, the service will be updated with 10 new games and chats for more smooth users communication. What is more, the project’s roadmap features the launch of a mobile application set for spring 2020. It is thought to be independent of app stores infamous for cracking down on blockchain-enabled products, meaning users will be able to savour the crypto-anarchy spirit, RollerCoin says.
To get a better grasp of what the game is all about and to find out more about the crowdfunding campaign, head to rollercoin.com .
CryptoCorner: Bakkt Launches Institutional Custody, Singapore&039;s Central Bank Develops Blockchain-Based Prototype for Multi-Currency Payments with JPMorgan Tencent Acquires HK License for Virtual Bank
Point Roberts, WA and Delta, BC – November 11, Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving the cryptocurrency market.
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CryptoCorner: Bakkt Launches Institutional Custody, Singapore’s Central Bank Develops Blockchain-Based Prototype for Multi-Currency Payments with JPMorgan and Tencent Acquires HK License for Virtual Bank SHARE PODCAST:
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Chinese State Media Praises BTC, Bakkt Launches Institutional Custody, Singapore’s Central Bank Develops Blockchain-Based Prototype for Multi-Currency Payments with JPMorgan and Tencent Acquires HK License for Virtual Bank Stocks discussed: ( NYSE:ICE ) ( TSXV:GLXY ) ( NYSE:JPM ) ( OTC:TCEHY ) Chinese state-run media outlet Xinhua Daily today published an article about Bitcoin ( BTC ), lauding the cryptocurrency as “the first successful application of blockchain technology”. This, coupled with Chinese President Xi Jinping’s recent endorsement of blockchain technology, represents a considerable development from the country’s blanket ban on crypto exchanges and ICOs just two years ago. The article itself is mostly devoted to explaining how Bitcoin and blockchain works, but warns of crypto’s price fluctuations and that “currently, the most important uses of bitcoin payments are black market transactions and “dark net” transactions”.
Bakkt, the crypto-focussed subsidiary of Intercontinental Exchange ( NYSE:ICE ), announced an institutional custody service via blog post today. Until now, the Bakkt Warehouse only provided custody services for clients trading Bakkt Bitcoin Futures contracts. Institutional clients that have already signed on include Pantera Capital, Tagomi and Galaxy Digital ( TSXV:GLXY ). Bakkt COO Adam Quote: :
“At Bakkt, we’re committed to expanding access to the global economy by building trust in and unlocking the value of digital assets. The secure custody of digital assets is the foundation of that mission and our solutions for customers. Whether it’s creating the first regulated market for the price discovery of bitcoin, or developing platforms that allow merchants and consumers to seamlessly interact using digital assets, custody is at the core of everything we do.”
A press release today reveals that the Monetary Authority of Singapore (MAS) has developed a blockchain-based prototype for multi-currency payments in collaboration with JPMorgan ( NYSE:JPM ) and Temasek. According to the press release, this development “marks the latest milestone for Project Ubin which is into its fifth phase”. Project Ubin is described as “a collaborative project with the industry to explore the use of Blockchain and Distributed Ledger Technology (DLT) for clearing and settlement of payments and securities”. John Hunter, Global Head of Clearing and Interbank Information Network (IIN), J.P. Morgan, said:
“J.P. Morgan is excited to be an infrastructure partner of MAS and Temasek for Phase 5 of Project Ubin. By leveraging our key learnings from building the Interbank Information Network (IIN) and the JPM Coin, J.P. Morgan is well-positioned to support the development of a blockchain-based payments network and operate at scale.”
Chinese internet giant Tencent ( OTC:TCEHY ) has acquired a Hong Kong license to develop a blockchain-based virtual bank, according to a report from Sina Finance . This was revealed on November 8 at the World Blockchain Conference held in Wuzhen, by Cai Weige, general manager of the blockchain business in Tencent.
Sam Mowers, Investorideas
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Ledger: Best Hardware Crypto Wallet to Store Bitcoin
Ledger is recognized as the most-popular bitcoin hardware wallet for storing cryptocurrencies safely.
This two-part Ledger review explains how to use the cold-storage wallet and a Trezor/KeepKey comparison.
Here is a bullet point checklist of the Ledger crypto wallet specifications and company details:
Official Wallet Name : Ledger Official Wallet Website : Ledger.com Official Wallet Login : Ledger.com/start/ Products : Ledger Nano S (most used), Ledger Nano X (next generation), Ledger Blue (touchscreen) Storage Type : offline cold-storage USB hardware device (no battery) Founders : Ledger SAS (Eric Larcheveque Co-Founder, Pascal Gauthier CEO, Nicolas Bacca CTO) Location and Year Started : 2014 in Paris, France (offices in New York, Hong Kong, San Fran, Vierzon) Coin Support : BTC , ETH , LTC , BCH ,DASH,EOS, XLM ,ADA,LINK,USDT,XMR,ZEC,NEM,ETC (1,250+) Device Support : MacOS, Windows, Android and Linux plus Ledger Live web browser extension Software Wallet Integration : MyCrypto, MEW , Binance , Magnum, Electrum, Mycelium, MetaMask Exchange Integration : Changelly, Binance DEX, Bitstamp, ChangeNOW Special Features : Ledger Live, LCD Screen, Bluetooth, Mobility App, 2FA, 100 apps installed Security Functions : 24 word recovery phase, easy backup, discrete PIN login, tamper-proof packaging Extras : Money Back Guarantee, Free Shipping, Compact, Lightweight + (Ledger Vault / Ledger IoT) Social Profiles : Twitter , Facebook , GitHub , Reddit , Youtube , LinkedIn Company Contact Details : email ( [email protected] ), no phone support, only online contact form here Ledger Wallet Price : Ledger Nano S = $59 USD, Ledger Nano X = $119.00 USD, Ledger Blue $270 USD Accessories : Ledger On-the-Go cable kit and the Ledger Backup Pack Where to Buy Ledger Wallet : click here now to visit the official Ledger Wallet marketplace Our guide will help users learn about the Ledger Wallet benefits and compare it to Trezor and KeepKey:
1) how to use, trade and setup the most popular cryptocurrency hardware wallet to exchange and store coins
2) compare all Ledger attributes and technicalities to the popular competitors, Trezor and KeepKey wallets
Ledger Wallet: Is It the Best Hardware Storage Option?
Digital and cold storage wallets makeup two of the mediums of storage and payments for anyone that has any interest in the world of cryptocurrencies; buying, selling, investing or spending.
While we have previously discussed the kind of versatility of the offline cold storage provider – Trezor – this crypto hardware wallet specialist is just one of a growing number of these kinds of companies.
One of these includes Ledger, which emerged around the same year as Trezor, and is known more commonly as being a company oriented around a fine balance of efficiency and cost-effectiveness for its prospective users.
So what is Ledger? What sets it apart? And what are some of the solutions that it provides for its prospective users? Let’s dig into it.
A Bit of Back Story on Ledger You’re probably more familiar with Ledger through its Nano series of wallets, or on a wholly brand-name basis, either way, the origins of the company remain unchanged. Having been established in 2014, Ledger was involved specifically in hardware and security solutions specifically for Bitcoin .
Years down the line and it has since expanded its services to envelop other digital assets, having managed to successfully obtain more than $85 million worth of funding for its enterprise, along with a more recent funding round of $75 million, which was announced back in January 2018.
Since then, Ledger has exploded onto the worlds stage to provide its wallet solutions for well over 1 million users across nearly 180 countries so far, with all the means with which to take it even further.
Much like Trezor, Ledger also provides users with ample access to a highly active secondary market, which will really help the reach of its wallets, and the larger drive to take cryptocurrencies to the mainstream.
Ledger’s Tokens – [Nearly] all About ERC20 Tokens
In total, according to the site on its comparison page, across its range of devices, Ledgers Nano S and X can respectively store any quantity of over 70 digital assets, and an even more substantial number of ERC20 tokens, including a number of widely used digital tokens used in the world of gaming like Enjin (ENJ), Decentraland’s (MANA) and WAX tokens.
This number of digital assets that users can choose to store does, however, vary depending on the kind of model that you decide to select out of Ledgers relatively narrow catalogue.
The odd one out of these is the older, more cost-effective Ledger Nano-S, which is, as previously mentioned, the more inexpensive, but has a thinner number of tokens that it can support.
While this total number is significantly less than the variety permitted by digital wallets from its counterpart – Trezor – for example, the number of tokens in and out of the blockchain gaming world that it supports is nothing to simply scoff at.
Design and Accessibility
One of the ways the Ledger really sets itself apart from Trezor is its pretty distinctive ‘USB’ look. So unassuming in its aesthetic and yet something that you can easily keep on your person and plug into you Laptop wherever you are, so long as you have the correct cable to actually plug it in.
Unlike the Trezor models, however, which is widely accessible on PC, Laptop along with iOS and Android. Ledger models are, as yet, incompatible with mobile and tablet for the time being. But where it lacks in versatility, the Nano S and X make up some of the more durable iterations of digital wallets that users can get hold of.
Much akin to Trezor, Ledger’s security measures stand as pretty robust in terms of its hard and software. Meaning, that even if you’re using a computer that may be afflicted by some kind of malware, your cryptocurrency won’t be put at risk.
Unlike Trezor, Ledger has actually yet to record a single malware attack on an individual wallet user. This is in contrast with Trezor, which is still vulnerable to some form of attack.
You can also use secure seeds from both the Ledger Nano-S and X to secure online digital wallets that are partnered with the company, such as Electrum, Mycelium, MyEtherWallet and a number of others.
Introducing – The Models: The Nano S and X
Much like Trezor, the Ledger consists of just two different kinds of a digital wallet, depending on the kind of wants and needs of the end-user.
Both boasting a relatively uniform level of security, they have their own advantages, whether in competition with other makes or over however much you’re looking to splash on a hard wallet for cold storage.
As was previously, and briefly mentioned, the Ledger Nano-S is the more cost-effective model available through Ledger.
Costing only $59, this makes for a really useful digital wallet for any relative newcomers to the world of cryptocurrencies, sacrificing variety for improved security.
While the digital wallet is only able to store a range of roughly 23 digital assets and ERC20 tokens, it’s reputation for high physical and software-based security make for a more than an adequate trade-off. If you’re new to investing or using crypto, the number of cryptos will be inconsequential either way; as your sights will be set on the major coins and a digital wallet.
One of the interesting attributes that the Nano-S boasts are its two physical buttons, which are clearly visible on the top side of the wallet. What are these for? Well, in order to complete any payment (Bitcoin ATM, Satoshi Point, or other competing Ledger-friendly payment solutions), a user will need to simultaneously press and hold both of these buttons.
In the Box If you’re one of the few that decides to make the Nano-S your wallet of choice (or even starter wallet), here’s what you’ll find in the box (once it arrives):
Firstly, and most importantly, is that each of these boxes is secured with a security film that tapes the box together. What you’re going to want to do first is make sure that there are no signs that it’s been tampered with AT ALL. If it has, you can report this to the company in order to obtain a replacement.
Secondly, once you’ve actually opened the box, you should find the following inside:
The Ledger Nano-S One Micro-USB Cable (used to plug it into both your wallet and PC/Laptop) One Lanyard for either holding your wallet around your neck or tying it on a belt strap One Keychain / Keyring A Seed Keyword Sheet for writing down your seed. Along with these accessories, whether it’s the Ledger Nano-S or X, both of these models allow you to create your own unique PIN for accessing and moving your funds, adding another layer of security to your wallet solution.
Technical Specifications 1 USB hardware wallet, 1 USB cable Dimension & weight Size: 56.95mm x 17.4mm x 9.1mm Weight: 16.2g Materials Brushed stainless steel and plastic. No battery required. Microcontrollers & connector Connector: USB Type Micro-B. Certification level: CC EAL5+. Chips: ST31H320 (secure) + STM32F042. Compatibility 64-bits desktop computer (Windows 8+, macOS 10.8+, Linux) excluding ARM Processors. Also compatible with Android 7+ smartphones. You will need an OTG kit to connect your Nano S to your desktop or smartphone.
The device is not suitable for mining (view more)
Cryptographic support: Message Digest: RIPEMD160, SHA224, SHA256, SHA384, SHA512, SHA3, SHA3-XOF, KECCAK, BLAKE2B, Grøstl
Cryptography Key, with key generation: DES (56, 112, 168 bits), AES (128, 192, 256 bits), ECC (256 bits), RSA (1024, 2048, 3072,4096 bits) RSA encryption with PKCS1 v1.5, PKCS1 OEAP, NOPAD schemes HMAC Signature: HMAC-SHA256, HMAC-SHA512 RSA Signature with PKCS1 v1.5, PKCS1 PSS schemes Elliptic Curve Signature: ECDSA/EC-Schnorr (SECP256K1, SECP256R1, Brainpool256R1, Brainpool256T1), EdDSA (Ed25519) Elliptic Curve Diffie Hellman: ECDH (SECP256K1, SECP256R1, SECP521R1, Brainpool256R1, Brainpool256T1, Curve25519) Symmetric Cryptography: DES, Triple-DES, AES with ISO9797M1, ISO9797M2, NOPAD schemes Random Number Generation: RND, Prime RND (hardware support TRNG), NIST SP 800-90A CTR DRBG
In comparison to the Ledger Nano-S, the Nano-X is the premium edition hard wallet from Ledger. With a pricetag of $115, and brings with it a much more expansive range of features and coins that users can store.
When it comes to tokens, for example, the Nano-X expands upon the Nano-S’ thinner range of coins with nearly 1,000 different coins being compatible and available to store on the wallet.
This coin accessibility is matched with a much more sophisticated underlying software. What this means is that users are able to add an additional digital soft wallet as an app within the Ledger Nano-X.
According to the company, this includes more than 25 different digital wallets, which provide further support for this long list of digital assets.
In the Box The Ledger Nano-X One Micro-USB Cable (used to plug it into both your wallet and PC/Laptop) One Lanyard for either holding your wallet around your neck or tying it on a belt strap One Keychain / Keyring A Seed Keyword Sheet for writing down your seed. Nano-X in Your Pocket and on Your Mobile
The Nano-X is a lot more than just a physical wallet. Between the number of digital wallets that it allows users to download as apps.
Nano-X comes with access to the online application known as Ledger Live.
This application is widely available on both desktop and mobile; allowing prospective users to get a full visualization of their digital asset portfolios, their activity and their currencies ongoing performance.
Where the Nano-X is different is that the Ledger Live app is available to use both on desktop and Mobile. This application also provides users with a way to download the latest security patches for their wallet too.
Getting Set Up
Even though the Nano-X is the more sophisticated of the two digital wallets, its onboarding and log-in system is a relatively simple process. All you need to do is follow these steps and you’ll be well on your way.
1 – Setting your Personal Identification Number (PIN) : In the same way as when you power up your mobile (iOS or Android notwithstanding), when you activate the Nano-X, you will be prompted to input a custom PIN of 4 to 8 digits.
As previously described, both the S and X have . two buttons on the top of the wallet. You input the numbers by pressing on one button or the other, and you press enter by pressing down both buttons together.
2 – Write Down Your Seed Phrase: Within every box is a paper booklet for writing down a series of keywords in order to access your digital wallet. This is known as a Seed Phrase and consists of 24 words that need to be written down in sequential order.
When booting up the device, you will be greeted with these seed phrases. Make sure you write these down and store them in a safe location. If you ever lose access to your account and funds, you can use this seed phrase to regain access.
What makes this step a little more cumbersome for new users is that Ledger Nano-X is set up so that this part is not skippable.
3 – Pairing up the Nano-X With Your Mobile: As previously mentioned, the Nano-X allows users to pair up their hardware wallet with either their desktop, mobile or even both through the online application – Ledger Live.
One of the aspects of this pairing is that it can often be a little buggy or riddled with signal issues. This is mainly because the mobile pairing takes place over Bluetooth, which chews up your mobile battery while delivering a less than perfect signal between your phone and wallet.
Even if this is (was) your experience when onboarding, you can simply wait around when it comes to the connection, as the wallet automatically approves the connection after some time.
From here, it’s a pretty straightforward task to download specific apps (wallets) directed at the kind of digital assets you’d like to own.
Cost Match up – Ledger Versus Trezor
We have made a couple of comparisons with Ledgers contemporary counterpart – Trezor – which was established at the same time, and provides its users with competitive models. While each have their pros and cons, where does Ledger match up with Trezors Model One?
Well, comparing them directly, the Trezor Model One costs roughly $80, while the Ledger Nano S outperforms in terms of cost with a price tag of $59.
While the Model One offers a more extensive line-up of digital assets, the Nano-S makes up for its limited token spread with a greater reputation for digital security, whether it’s in your pocket; its steel frame means that it can take more than its fair share of hits. As well as online, with its cybersecurity measures meaning that you will still be able to manage your digital assets; no matter what limitations your desktop may be enduring.
Now that you have a brief price comparison of the Ledger and Trezor hardware wallets, let’s dive in deep and compare the Ledger crypto wallet in a side by side match up with Trezor and KeepKey options as our part two portion of the user review guide.
Ledger Nano S Wallet Review: Ledger Vs Trezor Vs KeepKey
The Ledger Nano S crypto wallet is the world’s most popular crypto wallet. The multi-currency wallet lets you manage 22 coins and hundreds of ERC-20 tokens using convenient applications.
Today, we’re explaining everything you need to know about the Ledger Nano S wallet, including how the wallet compares with Trezor and KeepKey. We’ll also look at Ledger’s new Nano X wallet, which was introduced in March 2019.
What is the Ledger Nano S?
As mentioned above, the Ledger Nano S is a popular cryptocurrency wallet. In fact, Paris-based Ledger claims their wallet is the most popular crypto wallet on the market. The company has sold over 1 million Ledger Nano S wallets to date across 165 countries.
One reason the Ledger Nano S is so popular is its price: at just $59, the Ledger Nano S is a justifiable expense for smaller and larger crypto investors alike. That $59 price tag even includes free shipping to virtually every country.
That $59 price tag also makes the Ledger Nano S the cheapest of the three hardware wallets with screens (including Trezor and KeepKey wallets).
The Nano S supports 22 coins and all ERC 20 tokens. Out of the top 20 largest cryptocurrencies by market cap, the Nano S supports all but one: it does not support Bitcoin Cash SV (BSV).
The Ledger Nano S was originally released in 2016.
What is the Ledger Nano X?
As referenced above, in March 2019, Ledger introduced a new version of their famous Ledger wallet called the Ledger Nano X. Priced at $119, the Ledger Nano X is described as the “next generation hardware wallet”. It uses Bluetooth and state-of-the-art security features to keep your assets secure.
One of the biggest advantages of the Nano X over the original Nano X is that you don’t need to connect it to a desktop to set it up. You can connect to the wallet via the Ledger Live app for iOS or Android. You also connect to the wallet via Bluetooth instead of using a USB cord.
The Ledger Live app also lets you check your balance and send and receive any tokens supported on the Ledger Nano X, which means you can make trades from directly within the app instead of transferring tokens to an exchange. Plus, you can install up to 100 applications to manage your different cryptocurrencies.
Just like the Nano S, the Nano X supports 22 coins and all ERC20 tokens. By connecting your Ledger Live app to the device via Bluetooth, you can manage your cryptocurrency holdings on-the-go.
The Nano S’s state-of-the-art security features, meanwhile, include a highly-secure, CC EAL5+-certified chip to store your private keys. This is the same chip used in credit cards and passports. Ledger frequently claims its dual-chip design makes the wallet more secure than its competitors.
The device features two buttons and one screen that makes it easy to verify any transaction. The entire system is built on the BOLOS proprietary operating system.
Ledger Nano S Versus Ledger Nano X The Nano S and Nano X look surprisingly similar at first glance. The Nano X is newer, however, and is twice the price of the Nano S. Here are some of the notable differences between the two popular crypto hardware wallets:
Holding Versus Trading: The Nano S lets you hold your crypto assets, but you need to send those assets to an exchange for any trading. The Nano X lets you trade assets on-the-go.
Chip: Both the Nano S and Nano X claim to maintain the highest security standards using the same secure chip.
App Support: The Nano X lets you store up to 100 apps on the device, while the Nano S lets you store 3 to 20 apps.
Ledger Live Mobile and Desktop App: Both the Nano S and Nano X support the Ledger Live mobile and desktop app. The app lets you manage all assets on either Ledger device.
Bluetooth Support: The Nano X has a Bluetooth connection that makes it easier to manage your crypto on-the-go, while the Nano S uses a wired connection.
Mobile Apps: Ledger Live is available for desktop devices when managing the Nano S and Nano X. However, the mobile app is only available for Android for the Nano S (no iOS version is available), while both iOS and Android versions are available for the Nano X Ledger Live app.
Resolution: The Nano X has a higher resolution screen (128 x 64) than the Nano S (128 x 32).
Battery Life: The Nano S does not have a built-in battery and needs to be connected to a computer via USB to work. The Nano X lasts 8 hours on battery in standby mode.
Color Options: The Nano X is only available in black, while the Nano S is available in black, orange, pink, green, blue, and white.
Ledger Technical Specifications: Nano S Versus Nano X To build on what we referenced above, here’s how the technical specifications break down for the Nano S and Nano X:
Nano S Capacity: 3 to 20 apps (depending on app size) Supported Crypto Assets: 1250+ (22 major tokens and 1200+ ERC20 tokens) Platform Support: Desktop and Android Wallet Compatibility: Compatible with 50+ wallets Security: Certified Secure Element (CC EAL5+) Chip Certification: Independently certified by ANSSI PIN Code: Yes Backup: 24 word recovery phrase Bluetooth: No Screen Resolution: 128 x 32 Connector: USB Type Micro-B Battery: No Size: 57 x 17.4 x 9.1mm Weight: 16.2g Nano X Capacity: Up to 100 apps (depending on app size) Supported Crypto Assets: 1250+ (22 major tokens and 1200+ ERC20 tokens) Platform Support: Desktop, Android, and iOS Wallet Compatibility: Compatible with 50+ wallets Security: Certified Secure Element (CC EAL5+) Chip Certification: Independently certified by ANSSI PIN Code: Yes Backup: 24 word recovery phrase Screen Resolution: 128 x 64 Connector: USB Type-C Battery: 8 hours in standby mode Size: 72 x 18.6 x 11.75mm Weight: 34g About Ledger Ledger was launched in 2014 by a group of experts with background in security, cryptocurrencies, and entrepreneurship.
The company is headquartered in Paris, although the company also has offices in Vierzon and San Francisco.
Ledger Versus KeepKey Versus KeepKey Ledger, Trezor, and KeepKey are the three most popular crypto wallet companies on the market today. How do the wallets compare with one another? Let’s take a closer look.
Note: for the purpose of this comparison, we’re analyzing the Ledger Nano S versus the Trezor and KeepKey wallets – not the Ledger Nano X.
Price Ledger Nano S: $59 Trezor: $99 KeepKey: $99 The Nano S was originally priced at around $100, although the price has come down since the device originally launched in 2016. Today, the Nano S is about 30% cheaper than its two major competitors. As mentioned above, it’s a justifiable expense even for someone with smaller crypto holdings.
Winner: Ledger Nano S
Screen All three wallets above have screens. Screens are generally preferred because it makes it easier to manage your crypto holdings and control where your crypto is going. Another key advantage of the screen is that you can backup the recovery phrase without exposing it on a computer.
Security All three crypto wallets are highly-secure in terms of chip security. The Nano S uses a secure chip, while KeepKey and Trezor are more similar to small computers.
The weakest security link for all three wallets is the moment when you connect them to a computer. If your computer is infected, then all three wallets will be compromised (although all three wallets have protections in place to safeguard them even when used on compromised computers).
Setup Setting up all three wallets is straightforward. You create the wallet, set a password, and create a 24 word recovery phrase. You setup the wallets by connecting them to any desktop device.
Size & Design The three wallets vary considerably in size. The Trezor wallet is the smallest by far, while the Nano S is foldable and about the size of an average USB stick. KeepKey is much larger than the other two.
Buttons and Interface KeepKey is larger in size than Trezor and the Nano S, although most of this size consists of the screen. KeepKey has a much larger screen, which is something some users appreciate.
In terms of physical buttons, Trezor and the Nano S have two buttons while KeepKey has one button.
Material and Build Quality Trezor is made from plastic, while the Nano S and KeepKey wallets are made from aluminum. Aluminum may sound better, but Trezor’s plastic design actually makes it more drop-resistant.
Software Compatibility The three wallets vary considerably in terms of software compatibility, including which wallet apps and Chrome extensions they support. Generally, Trezor has the best support, although Nano S and KeepKey are close behind. All three support the most popular crypto wallet apps like Electrum, Mycelium, and MyEtherWallet.
Trezor Supported Software: Electrum, Mycelium, MyEtherWallet, Copay, MultiBit HD, GreenBits, GreenAddress, and myTREZOR Ledger Nano S Supported Software: Electrum, Mycelium, MyEtherWallet, Copay, GreenBits, GreenAddress, and Ledger Chrome KeepKey Supported Software: Electrum, Mycelium, MyEtherWallet, MultiBit HD, GreenBits, GreenAddress, and KeepKey Chrome. Winner: Trezor
Cryptocurrency Support The Ledger Nano S supports the widest range of coins, including every coin in the top 20 except for Bitcoin Cash SV (BSV). Trezor and KeepKey lag behind in cryptocurrency support.
Ledger Nano S: BTC , ETH , XRP , LTC , BCH, EOS, BNB, USDT, XLM, ADA, TRX, XMR, DASH, ATOM, IOTA, NEO, ETC, and ZEC. Trezor: BTC , ETH , XRP , LTC , BCH, BNB, USDT, XLM, ADA, XMR, DASH, ATOM, ETC, and ZEC. KeepKey: BTC , ETH , LTC , BCH, BNB, USDT, and DASH. Winner: Ledger Nano S
Which Cryptocurrency Wallet is Best?
Many of the categories above were ranked as ‘ties’. We did that on purpose: yes, there are major differences between the crypto wallets above. However, many of these differences come down to personal preferences – not objective advantages or disadvantages.
All three wallets are highly-secure crypto wallets with easy-to-use interfaces and helpful displays. All three also look much different from one another, but function in largely the same way.
Based on your personal preference, you can choose any of the three wallets above. Crypto users looking for a good-value crypto wallet that doesn’t compromise on quality, for example, may want to buy the Nano S. Crypto users looking for the best crypto wallet software support, meanwhile, might be willing to spend up for the Trezor. And KeepKey’s unique design makes it a popular alternative choice – as long as you’re okay with the smaller supported range of coins.
The post Ledger: Best Hardware Crypto Wallet to Store Bitcoin
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Bitcoin Mining Now Consumes A Quarter Percent Of Global Electricity
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Bitcoin mining IPO mirrors currency volatility
HONG KONG – It promises all the highs and lows of a real gold rush. Canaan, a Chinese company and the world’s second biggest maker of hardware used to mine bitcoin, has filed for an initial public offering in New York. It’s looking to raise $400 million, according to Reuters, after aborting two attempts to list elsewhere. But its financials and prospects look as volatile as the cryptocurrency itself.
The Hangzhou-based company, which sells equipment used to solve complex puzzles to uncover, or mine cryptocurrency, has had several recent false starts. It tried and failed to list in China through a reverse merger and allowed its application to debut in Hong Kong to lapse. In an effort to pay down debt and fund research, Canaan is now trying its luck stateside with Nasdaq even as the bourse tightens restrictions on the IPOs of small Chinese companies.
It’s a wild ride. Net revenue of 959 million yuan ($137 million) in the nine months to end September was less than half of the level it was at the same time a year earlier. Similarly, the bottom line, total comprehensive income, swung from a profit to a loss of 223 million yuan over the same period. That’s largely to do with volatility in bitcoin itself, whose price has swung to as high as nearly $20,000 and now trades below $8,800. That meant Canaan had to sell its mining hardware at a loss.
A price rebound would lift demand. A jump in prepayments to Taiwan’s TSMC, which makes chips for Canaan, also suggests the company is predicting a strong recovery in the second half, analyst Arun George of Global Equity Research reckons. Even so, there is substantial regulatory risk: Beijing cracked down on local cryptocurrency exchanges in 2017 and the state planner’s position on this niche activity remains uncertain. Any future restrictions would be a blow for Canaan, which derives almost 80% of its revenue in China, unless it can find new buyers elsewhere.
It all gives the IPO a whiff of desperation: Bitmain is in a similar position and has also now filed for a U.S. IPO, according to Refinitiv’s IFR. The latter has already, wisely, tempered its expectations, having earlier targeted a much larger mooted offer. The prospect of striking rich look fraught but mining was always about blood, sweat and tears.
– Chinese bitcoin-mining hardware maker Canaan Inc. filed on Oct. 28 for an initial public offering on the Nasdaq. The company plans to raise $400 million, according to Reuters.
– Canaan says in its filing that it will use the proceeds to fund research into artificial intelligence and blockchain research, and also pay off debts.
– Credit Suisse, Citigroup, China Renaissance and CMB International are bookrunners on the IPO.
(Editing by Una Galani and Katrina Hamlin) ((firstname.lastname@example.org; Reuters Messaging: email@example.com))
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