Cobo, the Leading Cryptocurrency Wallet Connects with Binance Coin

Cobo, the latest cryptocurrency wallet supporting the Binance Coin, was founded in China with its Head Quarters in Beijing. Till now, it is accessible to …

Cobo wallet will permit the Binance Coin holders, to access the decentralized applications, which also includes FOMO3D, CryptoKitties, and much more. Cobo’s association with the digital assets like EOS, TRX, ETH, and different projects implies that the wallet enables its clients to access to its selected functions which include record registration, resource summary, procurement, voting, and Dapp tools and so on.

Moreover, Binance Coin holders will presently have a safe platform that will furnish them with a multi-factor validation framework, which is an advanced user-end security framework. It additionally gives restrictive server-end security service functionality that enables progressively allotted resources to limit any risks and latest cold-hot server partition. Besides, the private keys can be stored in multi-signature cards. Generally, the crypto wallet has an industrial level security environment.

Cobo, the latest cryptocurrency wallet supporting the Binance Coin, was founded in China with its Head Quarters in Beijing. Till now, it is accessible to more than 80 nations and plans to extend its system across to new states, including Vietnam, Indonesia, and the U.S., specifically. To make its way through new markets, Cobo raised an amount of around $13 million. This provides financial security, as Cobo expects to build a superior framework.

A glimpse of the tweet by Cobo can be read from the below link –

Cobo has integrated with #Binance Chain now! Cobo Wallet and Custody is supporting #BNB storage. More collaboration to come soon! @binance@cz_binance

Keep your funds #SAFU with Cobo: https://t.co/cKFuZsr0I6pic.twitter.com/HiNAdWI1Zd

— Cobo Wallet (@Cobo_Wallet) August 9, 2019

Cobo is the first digital wallet that follows PoS (Proof-of-Stake) and master node addition to enabling clients to store their digital currencies securely, store, and invest into digital currencies, all within a single application. It additionally gives Proof-of-Stake cloud staking prizes to the holders up to 40% yearly.

Cobo was established in November 2017 by a former Facebook engineer, Changhao Jiang, and originator of F2Pool, Discus Fish, is consumer blockchain products developer that makes it simple for its users to possess and utilize digital currencies. Cobo’s leader software wallet, Cobo Wallet, was launched in February 2018 and is the main Proof-of-Stake crypto wallet that earns digital money rewards for its clients while supporting both HD wallet and Cloud Wallet with an installed dApp store.

Cobo is headquartered in Beijing, with workplaces in Shanghai. Moreover, Cobo Wallet has 500,000 clients comprehensively and supports up to 30 digital forms of money and 500 tokens on mail blockchains, which includes EOS, ETH, and Tron. Besides, the latest addition to its portfolio is the Cobo Vault, is the world’s first all-purpose secure cryptocurrency hardware wallet, with military-grade security.

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IOTA Wallet: Trinity System Updates

IOTA’s cryptocurrency wallet, Trinity, released a recent update about its progress. The Trinity Wallet version 1.0.0 was released on app stores on both …

IOTA’s cryptocurrency wallet, Trinity, released a recent update about its progress. The Trinity Wallet version 1.0.0 was released on app stores on both mobile and desktop app stores last month. According to the update, it has been “very well-received”.

However, the Foundation has stated that it is working on an update that is more comprehensive than a “simple cryptocurrency wallet”.

Currently, in Version 1, they wish to address some issues before they work on and release the completely new Version 2. These areas include general maintenance and bug-fixes, along with some updates. In the report, the Foundation has stated that these updates include Ledger Nano X Bluetooth support, which will allow Trinity Mobile users to secure their funds with a Ledger Nano X. They will also release Trinity Desktop dev mode, which will make using the wallet with private tangles easier. One area they wish to address which was not present in the IOTA wallet preceding Trinity is checks on address spend statuses when sending transactions.

With regards to the ‘new and improved’ Version 2, the vision plans for “a highly modular system built around a core account module”. It will allow third party plug-ins to access core functions such as transfer initiation and chat integrated commands. Developers can thus implement their own modules to interact directly with users.

Some members of the IOTA community were hoping that Trinity would improve transaction speeds on mobile devices, improving the #455 background processes. Another user believed that the wallet should schedule transactions so that a user can issue multiple at once, without waiting for the first to be confirmed. This, they believe, would be possible if background processes were improved.

What is the Trinity Wallet?

The Trinity Wallet is IOTA’s digital wallet which displays a user’s IOTA cryptocurrency. Using the application, users can also send and receive IOTA. The Wallet released on 2 July 2019, about a month ago.

About Post Author

Tulika Jain

Bibliophile, crazy cat lady and passionate about financial and economic journalism. I don’t trade in cryptocurrency but am fascinated by the market.

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Samsung Now Offering 17 Crypto Apps in Blockchain Keystore

Speaking with CoinDesk Korea in May, Huawei said they “have no plans to put a cryptocurrency wallet on its smartphone because the Chinese …

Samsung is adding to its blockchain dapp arsenal by including over a dozen new apps in its Blockchain Keystore online app market.

Launched in March 2019, Samsung’s online dapp store, Blockchain Keystore, has grown from an initial four applications to a total of seventeen. The four original dapps included a password wallet, a game, a social media app, and a billing app while new dapps include an assortment of products from social media app Anpan to entertainment app The Hunters, per CoinDesk Korea.

Samsung is steaming ahead in the space. It is one of the first large companies to develop crypto-centric products with the release of the Galaxy S10 this year.

“Although other companies have not done so yet, we have already made a blockchain wallet and released it,” Samsung told Coindesk Korea.

The tech giant is building up its wallet’s features in preparation for market competition. Samsung’s wallet system only allows for storage of Ethereum based ERC-20 tokens and protocols.

The number one competitor on the list is Apple who has yet to release a wallet, said CoinDesk Korea. In June, Apple released a ‘CryptoKit’ for iOS 13, showing adoption may not be far off for the Cupertino giant.

Early last month, LG trademarkedThinQ Wallet,” a product that market insiders believe is the foundation for a crypto wallet and ecosystem.The trademark states the ThinQ Wallet will offer transaction, settlement, and e-money services.

China’s Huawei, another of Samsung’s competitors, has not developed a cryptographic wallet too date. Speaking with CoinDesk Korea in May, Huawei said they “have no plans to put a cryptocurrency wallet on its smartphone because the Chinese government has not authorized it.”

Samsung’s efforts are, arguably, off to a slow start. There are only 30 reviews on “Samsung blockchain wallet” on the Galaxy Store while some crypto wallets on the Google Play Store have thousands.

Samsung image via CoinDesk archives

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Goldman-Backed Apple Card Restricts Cryptocurrency Purchases

No Crypto Purchases With the Goldman Sachs Backed Apple Card … “Wallet apps may facilitate virtual currency storage, provided they are offered by …

Cryptocurrencies cannot be purchased with the new Apple credit card according to the American multinational technology company’s recently published customer agreement guidelines. The Apple card’s restrictions indicate that the company’s partner, Goldman Sachs, is leery toward cryptocurrencies and other “cash equivalents” like lottery tickets and casino chips.

Also Read: Banks Stopped Walmart Bank – Now the Retail Giant Hits Back With Crypto

No Crypto Purchases With the Goldman Sachs Backed Apple Card

The technology giant Apple (AAPL) recently announced the launch of a credit card, which allows people to spend credit with an annual percentage rate (APR) between 13-24%. The California-based firm revealed the card will be released at some point this month, according to the firm’s third fiscal quarter earnings call. Some of the biggest selling points for the new Apple Mastercard include: virtual use, no annual fees, and no fees for transactions and penalties. Another interesting aspect is that the card will not feature the traditional Mastercard 16-digit number or CVV code. “Thousands of Apple employees are using the Apple Card every day in a beta test and we will begin to roll out the Apple Card in August,” Apple CEO Tim Cook revealed during the earnings call on July 30. Following Cook’s statements, the Apple card’s terms of service (ToS) were published via the Goldman Sachs’ website this week.

Goldman-Backed Apple Card Restricts Cryptocurrency Purchases

Two of the biggest issues that stand out for people who have read the customer agreement include the restrictions against jailbreaking an iPhone and restricting “cash equivalents” like cryptocurrencies. This is first addressed in the user agreement’s first section called “Important Definitions,” which essentially defines the terms used within the agreement. “‘Cash Advance and Cash Equivalents’ means any cash advance and other cash-like transactions, including purchases of cash equivalents such as travelers checks, foreign currency, or cryptocurrency; money orders; peer to peer transfers, wire transfers or similar cash-like transactions; lottery tickets, casino gaming chips (whether physical or digital), or race track wagers or similar betting transactions,” explains the Apple card ToS.

Goldman-Backed Apple Card Restricts Cryptocurrency Purchases
The Apple card comes in both virtual and physical form with no 16-digit number or CVV code.

Being against “cash equivalents” is not all that different than most traditional credit ToS agreements, and banning things like lottery purchases is standard procedure for credit cards. Some skeptics believe it’s not that Apple wants to police what you can purchase, but that the blame likely falls on Goldman Sachs. Crypto purchases using credit cards already experienced pushback from banks and regulators after it was revealed that lots of people were using charge cards to purchase bitcoin and other digital assets during the last bull run. By the end of 2017 it was revealed that Capital One, Chase, Bank of America, Lloyds Banking Group, Discover, Virgin Money, and TD Bank Canada had all banned digital currency purchases. According to Capital One, the bank sees digital assets may lead to high risks of fraud and severe losses. “Capital One continues to closely monitor developments in cryptocurrency markets and exchanges,” the bank said back in 2018. “And [Capital One] will regularly evaluate the decision as cryptocurrency markets evolve,” the bank explained.

Goldman-Backed Apple Card Restricts Cryptocurrency Purchases
Beside restricting cryptocurrency purchases and cash equivalents, Apple card users cannot modify or “jailbreak” their iPhones.

Apple’s Long History of Cryptocurrency Restrictions

Despite Goldman Sachs involvement with Apple this time, the corporation had already had a long history with certain cryptocurrency restrictions. For instance, in February 2014, Apple had removed all the bitcoin wallets from the App Store including Blockchain.com’s Wallet, Coinbase, and Coinjar. After the wallet ban, Blockchain.com wrote a blog post which denounced Apple’s choice to remove the wallet application. “These actions by Apple once again demonstrate the anti­-competitive and capricious nature of the App Store policies that are clearly focused on preserving Apple’s monopoly on payments rather than based on any consideration of the needs and desires of their users,” Blockchain.com’s scathing critique stated. “[Blockchain wallet] had no customer complaints and a broad user base. The only thing that has changed is that bitcoin has become competitive to Apple’s own payment system. By removing the Blockchain app, the only bitcoin wallet application on the App Store, Apple has eliminated competition using their monopolistic position in the market in a heavy-handed manner.”

Goldman-Backed Apple Card Restricts Cryptocurrency Purchases
Apple banned bitcoin-related apps in the App Store in 2014 but let them back in later. In February 2018, Apple finally defined its app rules for digital currency platforms which restrict ICO and mining apps. Did you know the noncustodial Bitcoin.com Wallet is one of the most popular wallet apps on the App Store? Download it here. Android users can download our BCH and BTC wallet here.

A few months later, after the Bitcoin community got riled up and some enthusiasts even filmed Youtube videos of themselves blowing up iPhones in protest, Apple silently let crypto wallet apps back into the App Store. However, in September of 2016, Apple started banning certain types of digital currency wallets that supported coins like dash and ethereum. The creator of the Jaxx multi-cryptocurrency wallet and CEO, Anthony Di Iorio, received word from Apple at the time that his startup was required to remove support for dash. Apple again had a change of heart later, and quietly allowed wallet developers to add a variety of digital assets. On June 8, 2018, Apple finally defined its cryptocurrency rules for the App Store and gave people better clarity on what kind of crypto apps would be allowed.

“Wallet apps may facilitate virtual currency storage, provided they are offered by developers enrolled as an organization,” explained Apple’s revised App Store rules. “Exchange apps may facilitate transactions or transmissions of cryptocurrency on an approved exchange, provided they are offered by the exchange itself.”

Apple did restrict initial coin offering applications, and mobile platforms that provided crypto mining applications using an iPhone’s chipset were strictly prohibited. Any ICO application would have to be established by: “banks, securities firms, futures commission merchants (“FCM”), or other approved financial institutions.”

Apple Can Decline Transactions for Any Reason and Jailbreaking a Smartphone Could Cause Service Disruptions

As far as the Apple card is concerned, if the company or partner bank (Goldman Sachs) finds out that an individual has attempted to purchase digital currencies, the card could be shut off indefinitely. Apple may decline transactions “for any reason” and the company will advise the digital currency sales associates why the transaction was declined at the time of rejection. In addition to the cryptocurrency purchasing restrictions, the Apple user agreement highlights that if a user decides to modify, root or “jailbreak” their mobile device, Apple will disconnect the credit card from the device as it constitutes a violation of the customer agreement.

What do you think about Apple and Goldman Sachs restricting cryptocurrency purchases on the new Apple card? Let us know what you think about this subject in the comments section below.


Image Credits: Shutterstock, Pixabay, Apple card, Apple Inc., Goldman Sachs & Apple card ToS.


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Jamie Redman

Jamie Redman is a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Redman has written thousands of articles for news.Bitcoin.com about the disruptive protocols emerging today.

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Branson-backed cryptocurrency start-up launches a super-fast exchange to take on Coinbase

Blockchain, one of the world’s largest cryptocurrency wallet platforms, says it’s launched a digital currency exchange aimed at delivering …

Blockchain, one of the world’s largest cryptocurrency wallet platforms, says it’s launched a digital currency exchange aimed at delivering “lightning-fast” trades.

The company’s exchange, called The PIT, is the result of a behind-the-scenes effort led by a team of former executives from the New York Stock Exchange, TD Ameritrade, Google and Goldman Sachs.

According to Blockchain CEO Peter Smith, the new exchange’s matching engine Mercury can execute buy or sell orders in “40 to 50 microseconds,” an “order of magnitude faster than other market players” like Coinbase and Binance.

Founded in 2011, Blockchain initially started out with what’s known as a block explorer — kind of like an internet browser for cryptocurrency data — and then built digital wallets for users to store and exchange their crypto. It derives its name from the eponymous blockchain network that records bitcoin transactions.

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