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IOTA News: IOTA Gains Support on New Hardware Wallet

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IOTA news
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According to recent IOTA news, MIOTA has now officially integrated with Ledger’s hardware wallet. The announcement, which came via blog post and Twitter, states that the wallet is also compatible with Romeo wallet, as well as Trinity wallet.

The integration is vital due to the fact that it allows users to isolate their private account seeds from their devices such as smartphones and computers. As a result, the security is enhanced, and a chance of a third party gaining access to these accounts is reduced.

The collaboration will focus on security

Eric Larcheveque, Ledger’s CEO, stated that both IOTA and Ledger aim to provide their users with the security of the highest level. IOTA news that announced the collaboration between the two sparked development of a compatibility feature that would allow users to store, access, and manage their tokens on Ledger’s wallet.

The Ledger Nano S hardware wallet is created with an operating system called BOLOS. This is a system that is integrated into a secure chip. A lot of people are already familiar with this type of chip, as this exact one is used for passports, credit cards, and alike.

The final product is a platform resistant to tampering, and capable of providing a secure environment for data and various apps. Considering that hacking the secure chips is a very difficult process, devices are additionally secured. The fact that hardware wallets are usually used as cold wallets increases the security level even more, and this is what has allowed Ledger to develop such an excellent reputation as a strong, secure wallet in the first place.

IOTA’s co-founder, David Sonstebo, also commented that the team is excited to work with Ledger, but also proud of the community that has made the collaboration possible.

Ledger started off in 2014 as a security and infrastructure solution for blockchain and crypto. Since then, it had groundbreaking solutions that allowed it to rise up to the position of this industry leader. It has headquarters in San Francisco and Paris, and it employs over 200 professional developers and experts for various products and services.

The IOTA news that announced MIOTA being supported by Ledger came only a few weeks after Ledger adopted two other coins — Waves and EOS. In addition, Ledger also works on expanding its Ledger Live app, which is available on Linux, Windows, and Mac, and it serves as an all-in-one app for its users.

As for IOTA, the coin has yet to show any serious price jump caused by the new development. At the time of writing, IOTA is trading in red (by a fraction), with a price of $0.5029 per coin, and a 0.75% decrease in the last 24 hours. IOTA has made significant progress in 2018 when it comes to entering various collaborations. While the newest one is with Ledger, the biggest ones include different car makers who plan to use IOTA’s network for connecting new vehicles via the blockchain technology.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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