Tezos wallet app is now available to download on Ledger Live

Ledger, the popular security and infrastructure provider for cryptocurrencies and blockchain applications, today announced that the Tezos Wallet …

Ledger, the popular security and infrastructure provider for cryptocurrencies and blockchain applications, today announced that the Tezos Wallet application is now public for Ledger Live users to download.

Previously, the Tezos Wallet application was only available in developer mode, meaning users needed to activate a specific setting in Ledger Live to be able to install it on their Ledger Nano S.

“We are thrilled to welcome Tezos to the Ledger platform,” said Eric Larchevêque, CEO at Ledger. “It is exciting to see active community members and external developers adding Ledger support, and we look forward to seeing continued engagement coming from the community.”

The Tezos application developed by Obsidian Systems provides features for participating in Tezos (XTZ) that highlight the capabilities of the Ledger Nano S hardware wallet. The application supports delegation of tokens to others for participation in Tezos’ Liquid Proof of Stake consensus mechanism.

Ledger hardware wallets enable users to protect their private keys using a state-of-the-art secure element. Hardware wallets isolate user’s private keys from the internet, providing a basic layer of security against hackers. Users will be able to validate transactions on their Ledger hardware wallet as part of the security protocol.

How is Ledger different?

Ledger wallets are built with a distinctive operating system (OS) called BOLOS, which is integrated into a secure chip. The EAL5+ certified secure chip used in Ledger Hardware Wallets is the same one used for banking, credit cards or passports. It is a tamper-resistant platform capable of securely hosting applications and data, in accordance with the rules and security requirements set by pre-authorized applications and people.

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Samsung Galaxy S10 Bitcoin Wallet Leaked by Insider: Is it Official?

In July of last year, Samsung Insights reported that the most secure device to run a cryptocurrency wallet on is a mobile phone due to the presence of a …
samsung galaxy s cryptocurrency crypto bitcoinsamsung galaxy s cryptocurrency crypto bitcoin
A Samsung insider posted a picture allegedly showing a bitcoin wallet on a Galaxy S10. Is it legit? | Source: Shutterstock

By CCN.com: BGR, a U.S.-based technology publication, reported that a Samsung insider leaked images of the new Galaxy S10 model equipped with a native Bitcoin wallet.

The Galaxy S10 has not yet been released to the public, but Samsung reportedly distributed the model to accessory makers and merchants.

Galaxy S10 with a Crypto Wallet?

According to Gregory Blake, who released several screenshots of a suspected Galaxy S10 prototype, the new model of the South Korean mobile phone manufacturing giant has an integrated feature called “Samsung Blockchain KeyStore” that enables users to have full control over their private keys and crypto funds.

Once the Blockchain KeyStore is authenticated and enabled on the device, users are able to begin sending and receiving cryptocurrency using the native crypto wallet on the mobile phone.

The screenshot shared by Blake revealed Ethereum as the only supported cryptocurrency on the device, possibly because the phone is still a prototype. However, one image included graphics that appeared to be bitcoins, so it’s likely more currencies would be included at launch.

Galaxy s10 with crypto wallet? pic.twitter.com/6IICujXEnm

— Gregory Blake (@GregiPfister89) January 22, 2019

Verifying that the phone in question is a Galaxy S10, a technology journalist at BGR Chris Smith explained:

We know it’s a Galaxy S10 phone because the punch-hole camera is placed near the top right corner. The A8s’ selfie cam is on the left side. Also, we know it’s a Galaxy S10 phone rather than a Galaxy S10+ model because it features a single-lens selfie camera. It’s clear the handset isn’t the Lite version, because the screen has curved edges, rather than flat.

Previously, CCN reported on Dec 13, 2018, that Samsung plans to integrate a crypto cold storage into its S10 model following the company’s filing of trademarks for Samsung blockchain.

At the time, SamMobile executive editor Adnan Farooqui confirmed that the company is developing a cold storage crypto wallet and intends to integrate it in the Galaxy S10.

Why it Makes Sense for Samsung to Integrate a Bitcoin Wallet

In July of last year, Samsung Insights reported that the most secure device to run a cryptocurrency wallet on is a mobile phone due to the presence of a Trusted Execution Environment (TEE).

Dissimilar to laptops, PCs, and other types of devices, smartphones have a native environment that operates independently of the memory and storage. As such, data stored in a TEE cannot be altered by the operating system, completely eliminating the possibility of a security breach affecting data stored in the trusted environment.

By utilizing a TEE on a mobile phone, a crypto wallet can operate much more securely and efficiently than laptops and desktops, which still remain as a popular platform for wallets and exchanges.

“This is why smartphones have an edge over laptops and desktops for cryptocurrency wallets: without the benefits of the hardware-based TEE, the keys are more vulnerable,” Joel Snyder, a senior IT consultant and Samsung Insights contributor, said. “There is a significant caveat: a naïve wallet developer might choose to simply store the keys on the normal internal storage of the phone, in which case there’s little additional protection from using the smartphone platform. Or the wallet itself might be malware, in which case all bets are off.”

But with the right wallet leveraging the benefits of smartphone TEE, there’s no place safer to store your money.

If the official Galaxy S10 model launches with a native Bitcoin and Ethereum wallet, it may pose a significant threat to companies such as HTC and projects working on blockchain phones that exclusively support cryptocurrencies.

Featured Image from Shutterstock

PR: Enjin crypto platform to launch in-wallet token swap

… and available trading pairs, allowing them to swap between over 170 currencies without ever leaving their secure cryptocurrency wallet and without …

Enjin Crypto Smart Wallet, that utilizes the latest NSA-grade encryption and supports over 700 cryptocurrencies including non-fungible ERC-721 and ERC-1155 tokens has today revealed that their next wallet update will feature in-wallet token conversion, enabling users to seamlessly trade tokens through three leading conversion platforms: Bancor Network, Changelly, and Kyber Network.

Users will be able to choose the most suitable trading platform based on price, transfer speed, and available trading pairs, allowing them to swap between over 170 currencies without ever leaving their secure cryptocurrency wallet and without the possibility of compromising funds by leaving them on an exchange.

“We are very proud to work with Kyber, Changelly, and Bancor to make this a reality. By the same token, we all share a very similar vision for what cryptocurrency can mean to the world, yet we’re all working to solve very different problems,” said Enjin CEO Maxim Blagov.

“It’s extremely exciting to collaborate with active builders in this space. Not to mention, together, we can breathe new life into this market by creating the tools needed for tangible adoption, which is what will ultimately create a sustainable, stable cryptocurrency market,” continued Blagov.

Loi Luu, CEO of Kyber Network added: “Cryptocurrency wallets like Enjin are an important gateway for people who are new to blockchain and cryptocurrencies, and this is one area Kyber has supported from the start. This successful integration with Enjin is a testament to how Kyber allows decentralized token swaps to be embedded into any wallet and Dapp for a seamless user experience.”

The next update to the Enjin Wallet will be launched to Google Play and the App Store on January 29.

About Enjin

Founded in 2009 and based in Singapore, Enjin provides products and solutions to the blockchain and gaming industries. The Enjin Smart Wallet, which has over 500,000 users and a 4.7 out of 5 rating on the Google Play store, features more than 700 cryptocurrencies, ERC-1155 game collectible support, and NSA-grade security, making it one of the most secure mobile wallets available.

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Cambridge Scholars to Develop System for Tracking Stolen Bitcoins

Asides from virtual currency exchanges, individuals are also losing their funds to this crime. BTCNN on January 9 reported of a launch of a website to …
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Mansoor Ahmed, Ilia Shumailor and Rose Anderson, three students from Cambridge University are developing a Tatachain system that will be able to track stolen Bitcoins. The trio recently released a paper titled, “Tendrils of Crime”, which focuses on how the taint created during transactions can be used to trace the movement of stolen Bitcoins.

Illegally Obtained Money is Laundered with Cryptocurrency

The scholars in their paper revealed that about 3 to 4 percent of illegally obtained money is laundered using cryptocurrencies. In the same vein, $761 million worth of cryptocurrencies were stolen within the first six months in 2018. The group has attributed this crime rate to the unregulated nature of the market, and the anonymity created during transactions.

Despite these attacks on susceptible wallets, the trio is hopeful that it is possible to trace stolen Bitcoins back to its source. In their opinion, implementing the First-in First-out (FIFO) rule makes this possible. It was also outlined that this principle has been employed in the past to solve court issues relating to bankruptcy.

FIFO Principle to Track Bitcoin to its Sources

FIFO, on the other hand, holds that if the first set of coins into the wallet are stolen, then the first set to leave the wallet was probably stolen as well. Therefore, the group refers to it as a Tatachain, where the source of the stolen coin is traced to all the wallets holding it and vice versa. This will enable a potential buyer to know where their digital assets originated from, says the paper.

The group also stated that so far, they have implemented Tatachain on 56 known thefts and their addresses. Some instances which were cited are the case of 46,653 Bitcoins which were stolen in 2012 and 896 stolen Bitcoin from 2014.

Cryptopia also Faces Cyber Attack Leading to Loss of Funds

If the trio’s system is successful, then it may help to combat the level of crime in the crypto industry. Of recent, Cryptopia, a New Zealand cryptocurrency exchange was hacked, and its administrators revealed that a significant amount was stolen. Binance, on the other hand, an exchange which some of the funds were later sent to, froze it.

Asides from virtual currency exchanges, individuals are also losing their funds to this crime. BTCNN on January 9 reported of a launch of a website to create an awareness of SIM swapping. The latter is an impersonation of a user where the actor behind the crime hijacks their phone number to steal their social identity or cryptocurrencies.

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Ledger Nano S Now Supports Tezos

Well-known crypto-focused digital wallet producer Ledger has announced the support of the Tezos Wallet application, according to the official …

Well-known crypto-focused digital wallet producer Ledger has announced the support of the Tezos Wallet application, according to the official statement.

Tezos is sometimes referred to as “the killer” of ethereum since the dev team believes that hardforks shouldn’t be the standard for updating the cryptocurrency.

In their opinion, hardfork is an extreme measure, when the community needs to be divided into two because of irreconcilable differences regarding further development. Therefore, developers can independently submit proposals for updating the protocol in tezos.

It’s worth noting that previously, the Tezos Wallet application was only available in developer mode.

The head of Ledger, Eric Larchevêque, says they’re “thrilled to welcome Tezos to the Ledger platform.”

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