Crypto Key Stack LLC Announces The Launch Of Steel Backup Device For Multiple Cryptographic …

One of the major components of cryptocurrency is the Cryptocurrency Wallet, which can be likened to a bank account in traditional banking. Such wallets have keys that are exclusive to cryptocurrency users. The security of these keys is paramount to ensure that no unauthorized persons have access to …
Startup Company, Crypto Key Stack LLC, Launches Its Unique High-Quality Stainless Steel Backup Device Designed For Storing Multiple Cryptographic Keys

Crypto Key Stack LLC is a new startup founded by inventor, Chris Gonyo and the company recently announced the launch of its new product, The Crypto Key Stack. The device is designed to serve as a backup for multiple cryptographic keys, allowing users to store keys to the digital wallets by embedding their private keys offline and in steel.

Cryptocurrency or digital currency as it is also referred to as has become increasingly popular in recent times. The benefits and features of the system have helped its increased adoption across the globe. One of the major components of cryptocurrency is the Cryptocurrency Wallet, which can be likened to a bank account in traditional banking. Such wallets have keys that are exclusive to cryptocurrency users. The security of these keys is paramount to ensure that no unauthorized persons have access to the wallets. However, with a plethora of cryptocurrencies available and users needing to have wallets for each of them, storing multiple private keys can be sometimes difficult. This is where Crypto Key Stack is particularly helpful.

Offering a unique cold storage of multiple wallet keys to users of digital currencies, the affordable stainless steel, do-it-yourself, offline backup device ensures longevity of very sensitive information such as mnemonic phrases, private wallet keys and passwords.

Unlike traditional materials such as paper and USB drives, the Crypto Key Stack offers users a durable place to backup their private wallet keys and mnemonics offline. Users are able to conveniently and privately embed their mnemonics and private keys between a half-pound stack of EMP proof, fireproof (up to 1200° Celsius), and waterproof black anodized stainless steel plates using a diamond-tipped electric engraver that comes with the package. This ensures maximum security and safety of vitalinformation.

Each Crypto Key Stack has the capability of holding up to a combination of eight mnemonic phrases and private key plates.

The device is currently available for pre-order, with shipping to commence on February 26th.

More information about Crypto Key Stack and other products from Crypto Key Stack LLC can be found on Facebook and Twitter.

About Crypto Key Stack LLC

Crypto Key Stack LLC was founded by Chris Gonyo in January 2018. Headquartered in Chicago, Illinois, the company was founded out of the desire to provide a safer and more secured way of storing personal cryptocurrency information. Consequently, Crypto Key Stack LLC is offering a wide range of products that allow users to store their vital information offline in stainless steel.

Media Contact

Company Name: Crypto Key Stack LLC

Contact Person: Chris Gonyo

Email: customersupport@cryptokeystack.com

Country: United States

Website:https://cryptokeystack.com/

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Ripple Price Climbs After XRP’s Inclusion On Dubai-Based BitOasis Exchange

As with the majority of cryptocurrencies, the Ripple price has not been doing very well over the past few weeks. There may be some good news for the currency’s value, however, as it will soon be added to Dubai’s top cryptocurrency exchange, BitOasis.
BitOasis Exchange Ripple Price
Image source: BitOasis

As with the majority of cryptocurrencies, the Ripple price has not been doing very well over the past few weeks. There may be some good news for the currency’s value, however, as it will soon be added to Dubai’s top cryptocurrency exchange, BitOasis.

A Newcomer To BitOasis

Around the end of December and the beginning of January, the Ripple price had soared to a value of $3.61, elevating the currency’s market cap to over $100 billion. However, the good times soon ended with a recent crash down to $1.04 on January 17th. While the currency has started to bounce back with a current price of around $1.30, the fact remains that the Ripple price is in far worse of a spot than it was just a few weeks ago.

Metro reports that this little bump in Ripple price may be due to the fact that it is set to be included on BitOasis, which is described as “the Middle East and North Africa’s leading digital asset wallet and exchange.” While BitOasis is top dog when it comes to cryptocurrency exchanges in that region, it currently features only Bitcoin and Ethereum. Adding this new currency to the mix could have big implications for value, and the Ripple price has climbed slightly to account for optimism surrounding the change.

BitOasis released a statement on January 28, saying “As one of the largest and fastest-growing companies in the blockchain space in the region, we’re committed to providing our customers with a secure way to buy and sell Bitcoin, Ethereum and now, Ripple.”

The bump in Ripple price initially climbed to $1.40, but has since declined back to $1.3. This gives the impression that the price improvements may be fleeting – at least until we see what impact the actual trading on BitOasis will have on the price. Unfortunately, the Ripple price continues to suffer from the same problems that cryptocurrency at large struggles with.

The Cryptocurrency Dilemma

Cryptocurrency is a newcomer to the financial scene and is set to turn the idea of traditional investing on its head. As a form of investment without any real-world entity that determines value (such as with a company’s performance in traditional stocks), the Ripple price is determined largely through supply and demand. While cryptocurrency has a low barrier to entry and provides an anonymous and secure form of payment, the currency’s lack of regulation has led to an incredibly volatile market that is prone to massive highs and devastating lows.

While many people have earned a significant amount of money by investing in currencies like Ripple soon after its creation, it’s clear that these investments are anything but a guarantee – and regulatory bodies are starting to recognize the risk involved with trading in cryptocurrency.

The Ripple price, among others, is heavily influenced by rumors and policy. With a recent leak that suggested China would soon be charging Bitcoin farmers higher taxes, prices of the coin plummeted due to the large amount of crypto organizations that call the country home due to the low prices of utilities. This downturn was also affected by the shutdown of a major cryptocurrency exchange as well as the banning of Initial Coin Offerings. China wasn’t the only country with second thoughts regarding cryptocurrencies, with hesitation from Israel and restrictions from South Korea also having a negative effect on Ripple price and the cryptocurrency market’s value as well.

With the cryptocurrency market cap in the hundreds of billions, the fact remains that these new investment opportunities are becoming too big for financial regulators to ignore. Governments are starting to take notice of the extreme volatility, and ironically their desire to regulate is causing the prices to plummet even more. After the record high for Bitcoin and Ripple price back in late December, many first-time investors put a lot of money into the market only to see huge losses just a few weeks later. While the bump in Ripple price due to the inclusion on BitOasis may signal better times for the currency in the near future, the fact remains that the Ripple price is susceptible to huge fluctuations due to its inherent design.

A Different Take On Cryptocurrency

While the Ripple price does suffer due to a lot of the same reasons other cryptocurrencies deal with, it is rather unique in that the currency is controlled by a corporation. While Bitcoin has no clear originator, the path of Ripple is largely influenced by its parent company. Ripple has already expressed interest in working with banks and financial institutions, which may pay off for the Ripple price long term. With governments and financial regulators introducing policies that have negatively impacted the majority of cryptocurrencies due to increased restrictions, Ripple’s willingness to play ball with the established financial world may set it apart from other cryptos.

Despite these differences, it’s still very difficult to anticipate the trajectory of the Ripple price. The currency has seen immense growth over the past year and could very well continue to skyrocket in price moving forward, but the cryptocurrency scene is changing and not necessarily for the better. The inclusion on an African and Middle Eastern exchange is good news for the world’s third largest cryptocurrency, but whether this will have any sort of long term impact on Ripple price remains to be seen.

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BitStarz now accepts Litecoin (LTC) and Bitcoin Cash (BCH)

Monday, Jan 29, 2018 – In an announcement that is sure to have gamblers everywhere smiling from ear to ear, BitStarz Casino is now accepting Litecoin (LTC) and Bitcoin Cash (BCH) deposits and wagers. Becoming one of the very first online casinos in the world to accept both of these leading altcoins …
BitstarzBitstarz

Monday, Jan 29, 2018 – In an announcement that is sure to have gamblers everywhere smiling from ear to ear, BitStarz Casino is now accepting Litecoin (LTC) and Bitcoin Cash (BCH) deposits and wagers. Becoming one of the very first online casinos in the world to accept both of these leading altcoins – with BCH recently becoming a fixture at Coinbase – BitStarz is looking to open the door to altcoins by offering LTC and BCH support.

LTC – one of the world’s foremost altcoins – launched back in 2011. Evolving from Bitcoin, it has grown to become not just a tremendous option for those looking to diversify, but also a viable currency for anyone that has intentions of taking the world of online casino play by storm. Fast payment confirmations, adaptive technical up scaling, and in many ways presenting the perfect compliment to Bitcoin, it was no surprise to see LTC’s value skyrocket during 2017.

BCH launched just a few months’ back, coming about through the Bitcoin Classic fork that caused a trading frenzy. What helped to generate interest in BCH was the increased size of its blocks, allowing for more transactions, lower transaction fees, and quicker transaction speeds. The whole purpose behind BCH was to craft a cryptocurrency that could compete with PayPal and Visa when it comes to transaction levels, which is probably why the demand for it amongst gambling circles has grown.

The altcoin market has been bubbling over lately, with this certainly not escaping the attention of the BitStarz team. Listening to players, it has covered every base to ensure that LTC and BCH are made available for use. Allowing members to deposit and wager in LTC and BCH at will, Softswiss games specifically will initially allow players to bet through BCH, with more providers waiting in the wings to add BCH betting support. Taking its cost effective fees and speed on board, it’s easy to see why the demand for both LTC and BCH functionality has grown, with BitStarz answering the call.

Topping the tree when it comes to hybrid-currency online casinos, Bitstarz.io has forged ahead, embracing Bitcoin as a payment option unlike anyone else. It isn’t just Bitcoin that features on the BitStarz cashier page either, with LTC and BCH now joining the ranks. Players will be able to play the hottest online casino games around through LTC and BCH deposits, so you won’t be left waiting should you want to put your Litecoin or Bitcoin Cash to work. Known for Bitcoin support, but now giving LTC and BCH its share of the spotlight, there is a reason as to why AskGamblers has labelled BitStarz as one of the most reputable online casinos around.

Srdjan Kapor (BitStarz Marketing Manager) was quick to comment on the arrival of LTC and BCH:

“As the uptake of Litecoin and Bitcoin Cash continues, the timing is perfect for us to announce that we will now be accepting both as deposit methods. Proving that we are one of the most flexible and accommodating online casinos around, BitStarz is happy to add LTC and BCH to our wealth of available cashier options moving forward.”

About BitStarz

www.bitstarz.io

BitStarz has blazed a trail for Bitcoin-based gambling around the globe, combining it with major international currencies to create a seamless online casino platform. That’s not all, as alongside Bitcoin, LTC, and BCH support, it loads up on games unlike any other casino around. Retro slots, video slots, 3D slots, progressive jackpot slots, and an array of table-focused favourite, you’ll never be left wanting for games at BitStarz that’s for sure. Powered by an Antillephone N.V, Curacao gaming license, outstanding personal service, souped-up withdrawal speeds, and a game selection that just keeps growing, BitStarz has become the leading name in Bitcoin – and now altcoin – casino play!

For more information on BitStarz and what this universally respected casino has to offer, please contact Srdjan Kapor at [email protected].

Press contact:

Srdjan Kapor

Marketing Manager

[email protected]

www.bitstarz.io

Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC or any of its team members. NewsBTC is not responsible for the accuracy of any of the information supplied in Sponsored Stories/Press Releases such as this one.

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Exchanges are Bitcoin’s Weakest Link…and Regulators are Watching

Financial products including the Bitcoin Investment Trust (GBTC) and bitcoin futures products from CME Group (CME) and Cboe Global Markets (CBOE) have been created to allow traders to buy bitcoin without going through exchanges. But they’re not easily available to everyone who wants to trade …

The price of bitcoin fell on Friday but rebounded over the weekend. On Monday morning, the price was slumping again, trading down to about $11,200.

The whole point of Bitcoin was to get rid of the middlemen that dominate the financial system. But in the past few years, most bitcoin buying and selling has been conducted using middlemen–the exchanges that let people turn traditional currencies into digital coins. Users have flocked to exchanges in part because the original Bitcoin network can’t process enough transactions to allow for seamless trading.

The problem is that those exchanges have been susceptible to hacking. All told, more than $1 billion worth of digital coins have been stolen or lost from exchanges. (Friday’s hack actually targeted another coin called XEM, not bitcoin.)

Even regulated U.S. exchanges have had trouble keeping up with the surge of interest in digital coins, with Coinbase and Gemini both reporting downtime amid spikes in user interest in recent months. Network downtime can be particularly problematic if it happens when prices of digital coins spike or drop, and users can’t get into their accounts.

Financial products including the Bitcoin Investment Trust (GBTC) and bitcoin futures products from CME Group (CME) and Cboe Global Markets (CBOE) have been created to allow traders to buy bitcoin without going through exchanges. But they’re not easily available to everyone who wants to trade digital coins, or have limited liquidity.

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New Zealand’s Bitprime Exchange Enables Bitcoin Cash Support

Bitcoin Cash continues to gain traction all over the world. This different version of Bitcoin has been well-received by cryptocurrency enthusiasts in recent months. More and more exchanges enable support to buy, sell, and trade BCH as we speak. New Zealand’s Bitprime is one of the latest companies to …

Bitcoin Cash continues to gain traction all over the world. This different version of Bitcoin has been well-received by cryptocurrency enthusiasts in recent months. More and more exchanges enable support to buy, sell, and trade BCH as we speak. New Zealand’s Bitprime is one of the latest companies to do so. It’s good to see them take the plunge, as demand for BCH is soaring. Whether or not this market generates any big trading volume, remains to be seen.

Most people outside of New Zealand will not know Bitprime. This local exchange is trying to make a name for itself amid a growing sea of competitors. Doing so will not be easy whatsoever, though. In a surprising move, the company decided to enable support for Bitcoin Cash. An interesting decision, even though it only feels normal to support BCH right now. This altcoin is incredibly popular and may overtake Bitcoin at some point in the future, for all we know.

Bitprime has High Hopes for Bitcoin Cash

What makes this addition so interesting is how Bitprime adds another fiat gateway for BCH. There is always a demand for more fiat currency gateways in the world of cryptocurrency. New Zealand may be a small market, but it’s still worth paying attention to. With exchanges all over the world adding BCH support, the cryptocurrency will continue to grow accordingly. Moreover, the exchange prides itself on clearing transactions within two to three hours. It is a lot quicker than what most other exchanges are capable of as of right now.

The addition of Bitcoin Cash is an interesting turn of events for Bitprime. Until now, they supported a few different cryptocurrencies. That list includes Bitcoin, Ethereum, Ethereum Classic, Litecoin, and XRP. It is possible we will see some other currencies added in the near future. Whether or not that will happen soon, remains to be determined. It’s good to see the New Zealand company focus on more cryptocurrencies.

Considering how Bitprime isn’t tracked on Coinmarketcap, we don’t know how much volume the platform generates. It is safe to say this will not be a major market for Bitcoin Cash right away. At the same time, making inroads in New Zealand is never a bad thing. The exchange hasn’t been around for that long, yet they seem to be expanding rapidly. An interesting future lies ahead for both the company and Bitcoin Cash.

Header image courtesy of Shutterstock

About JP Buntinx

JP is a freelance copywriter and SEO writer who is passionate about various topics. The majority of his work focuses on Bitcoin, blockchain, and financial technology. He is contributing to major news sites all over the world, including NewsBTC, The Merkle, Samsung Insights, and TransferGo.

View all posts by JP Buntinx

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